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Side-by-side financial comparison of AVIENT CORP (AVNT) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $760.6M, roughly 1.1× AVIENT CORP). AVIENT CORP runs the higher net margin — 2.2% vs -5.9%, a 8.1% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 1.9%). AVIENT CORP produced more free cash flow last quarter ($125.4M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs -4.2%).
Avient Corporation is a global materials solutions company headquartered in Avon Lake, Ohio, United States, employing approximately 9,000 people worldwide. Its products include colorants, advanced composites, functional additives and engineered materials.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
AVNT vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $760.6M | $805.0M |
| Net Profit | $16.9M | $-47.4M |
| Gross Margin | 30.2% | 23.1% |
| Operating Margin | 5.2% | 11.1% |
| Net Margin | 2.2% | -5.9% |
| Revenue YoY | 1.9% | 30.5% |
| Net Profit YoY | -65.0% | -215.6% |
| EPS (diluted) | $0.18 | $-0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $760.6M | $805.0M | ||
| Q3 25 | $806.5M | $738.9M | ||
| Q2 25 | $866.5M | $682.8M | ||
| Q1 25 | $826.6M | $647.2M | ||
| Q4 24 | $746.5M | $616.8M | ||
| Q3 24 | $815.2M | $658.0M | ||
| Q2 24 | $849.7M | $661.5M | ||
| Q1 24 | $829.0M | $603.5M |
| Q4 25 | $16.9M | $-47.4M | ||
| Q3 25 | $32.6M | $44.4M | ||
| Q2 25 | $52.6M | $51.2M | ||
| Q1 25 | $-20.2M | $49.6M | ||
| Q4 24 | $48.3M | $41.0M | ||
| Q3 24 | $38.2M | $46.1M | ||
| Q2 24 | $33.6M | $47.3M | ||
| Q1 24 | $49.4M | $25.8M |
| Q4 25 | 30.2% | 23.1% | ||
| Q3 25 | 30.4% | 22.3% | ||
| Q2 25 | 32.1% | 24.2% | ||
| Q1 25 | 31.8% | 25.6% | ||
| Q4 24 | 34.8% | 24.3% | ||
| Q3 24 | 32.1% | 25.2% | ||
| Q2 24 | 30.3% | 24.6% | ||
| Q1 24 | 33.6% | 22.4% |
| Q4 25 | 5.2% | 11.1% | ||
| Q3 25 | 8.3% | 9.9% | ||
| Q2 25 | 11.1% | 11.1% | ||
| Q1 25 | 0.1% | 11.5% | ||
| Q4 24 | 11.5% | 9.6% | ||
| Q3 24 | 9.5% | 11.4% | ||
| Q2 24 | 8.5% | 11.2% | ||
| Q1 24 | 11.3% | 7.8% |
| Q4 25 | 2.2% | -5.9% | ||
| Q3 25 | 4.0% | 6.0% | ||
| Q2 25 | 6.1% | 7.5% | ||
| Q1 25 | -2.4% | 7.7% | ||
| Q4 24 | 6.5% | 6.6% | ||
| Q3 24 | 4.7% | 7.0% | ||
| Q2 24 | 4.0% | 7.2% | ||
| Q1 24 | 6.0% | 4.3% |
| Q4 25 | $0.18 | $-0.90 | ||
| Q3 25 | $0.36 | $0.83 | ||
| Q2 25 | $0.57 | $0.95 | ||
| Q1 25 | $-0.22 | $0.92 | ||
| Q4 24 | $0.53 | $0.76 | ||
| Q3 24 | $0.41 | $0.86 | ||
| Q2 24 | $0.36 | $0.88 | ||
| Q1 24 | $0.54 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $98.7M |
| Total DebtLower is stronger | $1.9B | $570.7M |
| Stockholders' EquityBook value | $2.4B | $1.1B |
| Total Assets | $6.0B | $2.5B |
| Debt / EquityLower = less leverage | 0.81× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M | ||
| Q1 24 | — | $60.1M |
| Q4 25 | $1.9B | $570.7M | ||
| Q3 25 | $2.0B | $525.8M | ||
| Q2 25 | $2.0B | $482.1M | ||
| Q1 25 | $2.1B | $296.7M | ||
| Q4 24 | $2.1B | $330.0M | ||
| Q3 24 | $2.1B | $359.1M | ||
| Q2 24 | $2.1B | $405.7M | ||
| Q1 24 | $2.1B | $399.9M |
| Q4 25 | $2.4B | $1.1B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.3B | $910.2M | ||
| Q4 24 | $2.3B | $855.1M | ||
| Q3 24 | $2.4B | $858.8M | ||
| Q2 24 | $2.3B | $788.4M | ||
| Q1 24 | $2.3B | $747.6M |
| Q4 25 | $6.0B | $2.5B | ||
| Q3 25 | $6.1B | $2.4B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $5.8B | $1.9B | ||
| Q4 24 | $5.8B | $1.8B | ||
| Q3 24 | $6.0B | $1.9B | ||
| Q2 24 | $5.9B | $1.9B | ||
| Q1 24 | $5.9B | $1.9B |
| Q4 25 | 0.81× | 0.51× | ||
| Q3 25 | 0.83× | 0.50× | ||
| Q2 25 | 0.86× | 0.48× | ||
| Q1 25 | 0.90× | 0.33× | ||
| Q4 24 | 0.89× | 0.39× | ||
| Q3 24 | 0.88× | 0.42× | ||
| Q2 24 | 0.90× | 0.51× | ||
| Q1 24 | 0.90× | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $167.8M | $24.7M |
| Free Cash FlowOCF − Capex | $125.4M | $-17.1M |
| FCF MarginFCF / Revenue | 16.5% | -2.1% |
| Capex IntensityCapex / Revenue | 5.6% | 5.2% |
| Cash ConversionOCF / Net Profit | 9.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $195.0M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.8M | $24.7M | ||
| Q3 25 | $72.1M | $1.4M | ||
| Q2 25 | $112.8M | $27.7M | ||
| Q1 25 | $-51.1M | $54.8M | ||
| Q4 24 | $122.6M | $60.7M | ||
| Q3 24 | $71.1M | $57.3M | ||
| Q2 24 | $105.9M | $40.5M | ||
| Q1 24 | $-42.8M | $39.6M |
| Q4 25 | $125.4M | $-17.1M | ||
| Q3 25 | $47.4M | $-30.5M | ||
| Q2 25 | $85.8M | $200.0K | ||
| Q1 25 | $-63.6M | $27.1M | ||
| Q4 24 | $81.5M | $44.7M | ||
| Q3 24 | $46.1M | $43.8M | ||
| Q2 24 | $74.5M | $13.7M | ||
| Q1 24 | $-67.2M | $-4.3M |
| Q4 25 | 16.5% | -2.1% | ||
| Q3 25 | 5.9% | -4.1% | ||
| Q2 25 | 9.9% | 0.0% | ||
| Q1 25 | -7.7% | 4.2% | ||
| Q4 24 | 10.9% | 7.2% | ||
| Q3 24 | 5.7% | 6.7% | ||
| Q2 24 | 8.8% | 2.1% | ||
| Q1 24 | -8.1% | -0.7% |
| Q4 25 | 5.6% | 5.2% | ||
| Q3 25 | 3.1% | 4.3% | ||
| Q2 25 | 3.1% | 4.0% | ||
| Q1 25 | 1.5% | 4.3% | ||
| Q4 24 | 5.5% | 2.6% | ||
| Q3 24 | 3.1% | 2.1% | ||
| Q2 24 | 3.7% | 4.1% | ||
| Q1 24 | 2.9% | 7.3% |
| Q4 25 | 9.93× | — | ||
| Q3 25 | 2.21× | 0.03× | ||
| Q2 25 | 2.14× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 2.54× | 1.48× | ||
| Q3 24 | 1.86× | 1.24× | ||
| Q2 24 | 3.15× | 0.86× | ||
| Q1 24 | -0.87× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
