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Side-by-side financial comparison of Bloom Energy Corp (BE) 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 $751.1M, roughly 1.1× Bloom Energy Corp). Bloom Energy Corp runs the higher net margin — 9.4% vs -5.9%, a 15.3% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -3.4%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs 15.5%).
KR Sridhar is an Indian American engineer, inventor, professor, and entrepreneur. He is the founder, chairman, and chief executive officer (CEO) of Bloom Energy. Prior, Sridhar was a professor of Aerospace and Mechanical Engineering and the Director of the Space Technologies Laboratory (STL) at the University of Arizona. He worked with and advised NASA, and is a member of the National Academy of Engineering.
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...
BE vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $805.0M |
| Net Profit | $70.7M | $-47.4M |
| Gross Margin | 30.0% | 23.1% |
| Operating Margin | 17.3% | 11.1% |
| Net Margin | 9.4% | -5.9% |
| Revenue YoY | -3.4% | 30.5% |
| Net Profit YoY | 396.7% | -215.6% |
| EPS (diluted) | $0.44 | $-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.
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $805.0M | ||
| Q3 25 | $513.3M | $738.9M | ||
| Q2 25 | $396.3M | $682.8M | ||
| Q1 25 | $319.3M | $647.2M | ||
| Q4 24 | $567.0M | $616.8M | ||
| Q3 24 | $321.8M | $658.0M | ||
| Q2 24 | $326.5M | $661.5M |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-47.4M | ||
| Q3 25 | $-23.0M | $44.4M | ||
| Q2 25 | $-42.2M | $51.2M | ||
| Q1 25 | $-23.4M | $49.6M | ||
| Q4 24 | $105.2M | $41.0M | ||
| Q3 24 | $-14.6M | $46.1M | ||
| Q2 24 | $-61.2M | $47.3M |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | 23.1% | ||
| Q3 25 | 29.5% | 22.3% | ||
| Q2 25 | 27.0% | 24.2% | ||
| Q1 25 | 27.8% | 25.6% | ||
| Q4 24 | 38.7% | 24.3% | ||
| Q3 24 | 24.5% | 25.2% | ||
| Q2 24 | 21.0% | 24.6% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 11.1% | ||
| Q3 25 | 1.5% | 9.9% | ||
| Q2 25 | -0.9% | 11.1% | ||
| Q1 25 | -6.0% | 11.5% | ||
| Q4 24 | 18.5% | 9.6% | ||
| Q3 24 | -3.0% | 11.4% | ||
| Q2 24 | -7.1% | 11.2% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -5.9% | ||
| Q3 25 | -4.5% | 6.0% | ||
| Q2 25 | -10.6% | 7.5% | ||
| Q1 25 | -7.3% | 7.7% | ||
| Q4 24 | 18.5% | 6.6% | ||
| Q3 24 | -4.5% | 7.0% | ||
| Q2 24 | -18.7% | 7.2% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-0.90 | ||
| Q3 25 | $-100.00 | $0.83 | ||
| Q2 25 | $-0.18 | $0.95 | ||
| Q1 25 | $-0.10 | $0.92 | ||
| Q4 24 | $0.45 | $0.76 | ||
| Q3 24 | $-0.06 | $0.86 | ||
| Q2 24 | $-0.27 | $0.88 |
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 | — | $570.7M |
| Stockholders' EquityBook value | $948.0K | $1.1B |
| Total Assets | $4.7B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $98.7M | ||
| Q3 25 | $595.1M | $83.8M | ||
| Q2 25 | $574.8M | $124.5M | ||
| Q1 25 | $794.8M | $71.6M | ||
| Q4 24 | $802.9M | $83.8M | ||
| Q3 24 | $495.7M | $78.6M | ||
| Q2 24 | $581.7M | $72.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $570.7M | ||
| Q3 25 | $1.1B | $525.8M | ||
| Q2 25 | $1.1B | $482.1M | ||
| Q1 25 | $1.1B | $296.7M | ||
| Q4 24 | $1.1B | $330.0M | ||
| Q3 24 | $1.1B | $359.1M | ||
| Q2 24 | $1.1B | $405.7M |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $1.1B | ||
| Q3 25 | $653.1M | $1.1B | ||
| Q2 25 | $594.6M | $1.0B | ||
| Q1 25 | $578.3M | $910.2M | ||
| Q4 24 | $562.5M | $855.1M | ||
| Q3 24 | $430.9M | $858.8M | ||
| Q2 24 | $423.3M | $788.4M |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 0.51× | ||
| Q3 25 | 1.73× | 0.50× | ||
| Q2 25 | 1.91× | 0.48× | ||
| Q1 25 | 1.96× | 0.33× | ||
| Q4 24 | 2.01× | 0.39× | ||
| Q3 24 | 2.62× | 0.42× | ||
| Q2 24 | 2.66× | 0.51× |
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 | — | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $24.7M | ||
| Q3 25 | $19.7M | $1.4M | ||
| Q2 25 | $-213.1M | $27.7M | ||
| Q1 25 | $-110.7M | $54.8M | ||
| Q4 24 | $484.2M | $60.7M | ||
| Q3 24 | $-69.5M | $57.3M | ||
| Q2 24 | $-175.5M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $-17.1M | ||
| Q3 25 | $7.4M | $-30.5M | ||
| Q2 25 | $-220.4M | $200.0K | ||
| Q1 25 | $-124.9M | $27.1M | ||
| Q4 24 | $473.1M | $44.7M | ||
| Q3 24 | $-83.8M | $43.8M | ||
| Q2 24 | $-187.5M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | -2.1% | ||
| Q3 25 | 1.4% | -4.1% | ||
| Q2 25 | -55.6% | 0.0% | ||
| Q1 25 | -39.1% | 4.2% | ||
| Q4 24 | 83.4% | 7.2% | ||
| Q3 24 | -26.0% | 6.7% | ||
| Q2 24 | -57.4% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.2% | ||
| Q3 25 | 2.4% | 4.3% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 4.5% | 4.3% | ||
| Q4 24 | 2.0% | 2.6% | ||
| Q3 24 | 4.4% | 2.1% | ||
| Q2 24 | 3.7% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 4.60× | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
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% |
