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Side-by-side financial comparison of Celsius Holdings, Inc. (CELH) 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 $721.6M, roughly 1.1× Celsius Holdings, Inc.). Celsius Holdings, Inc. runs the higher net margin — 3.4% vs -5.9%, a 9.3% gap on every dollar of revenue. On growth, Celsius Holdings, Inc. posted the faster year-over-year revenue change (117.2% vs 30.5%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-130.0M). Over the past eight quarters, Celsius Holdings, Inc.'s revenue compounded faster (42.4% CAGR vs 15.5%).
Celsius Holdings, Inc. is an American company that produces a range of fitness and energy drinks under the brand name Celsius. The company's products are marketed as healthy, to which the CEO attributes the brand's success.
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...
CELH vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $721.6M | $805.0M |
| Net Profit | $24.7M | $-47.4M |
| Gross Margin | 47.4% | 23.1% |
| Operating Margin | 3.6% | 11.1% |
| Net Margin | 3.4% | -5.9% |
| Revenue YoY | 117.2% | 30.5% |
| Net Profit YoY | 231.1% | -215.6% |
| EPS (diluted) | $0.04 | $-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 | $721.6M | $805.0M | ||
| Q3 25 | $725.1M | $738.9M | ||
| Q2 25 | $739.3M | $682.8M | ||
| Q1 25 | $329.3M | $647.2M | ||
| Q4 24 | $332.2M | $616.8M | ||
| Q3 24 | $265.7M | $658.0M | ||
| Q2 24 | $402.0M | $661.5M | ||
| Q1 24 | $355.7M | $603.5M |
| Q4 25 | $24.7M | $-47.4M | ||
| Q3 25 | $-61.0M | $44.4M | ||
| Q2 25 | $99.9M | $51.2M | ||
| Q1 25 | $44.4M | $49.6M | ||
| Q4 24 | $-18.9M | $41.0M | ||
| Q3 24 | $6.4M | $46.1M | ||
| Q2 24 | $79.8M | $47.3M | ||
| Q1 24 | $77.8M | $25.8M |
| Q4 25 | 47.4% | 23.1% | ||
| Q3 25 | 51.3% | 22.3% | ||
| Q2 25 | 51.5% | 24.2% | ||
| Q1 25 | 52.3% | 25.6% | ||
| Q4 24 | 50.2% | 24.3% | ||
| Q3 24 | 46.0% | 25.2% | ||
| Q2 24 | 52.0% | 24.6% | ||
| Q1 24 | 51.2% | 22.4% |
| Q4 25 | 3.6% | 11.1% | ||
| Q3 25 | -11.0% | 9.9% | ||
| Q2 25 | 19.3% | 11.1% | ||
| Q1 25 | 15.8% | 11.5% | ||
| Q4 24 | -5.6% | 9.6% | ||
| Q3 24 | -1.2% | 11.4% | ||
| Q2 24 | 23.4% | 11.2% | ||
| Q1 24 | 23.4% | 7.8% |
| Q4 25 | 3.4% | -5.9% | ||
| Q3 25 | -8.4% | 6.0% | ||
| Q2 25 | 13.5% | 7.5% | ||
| Q1 25 | 13.5% | 7.7% | ||
| Q4 24 | -5.7% | 6.6% | ||
| Q3 24 | 2.4% | 7.0% | ||
| Q2 24 | 19.8% | 7.2% | ||
| Q1 24 | 21.9% | 4.3% |
| Q4 25 | $0.04 | $-0.90 | ||
| Q3 25 | $-0.27 | $0.83 | ||
| Q2 25 | $0.33 | $0.95 | ||
| Q1 25 | $0.15 | $0.92 | ||
| Q4 24 | $-0.10 | $0.76 | ||
| Q3 24 | $0.00 | $0.86 | ||
| Q2 24 | $0.28 | $0.88 | ||
| Q1 24 | $0.27 | $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 | $398.9M | $98.7M |
| Total DebtLower is stronger | $676.9M | $570.7M |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $5.1B | $2.5B |
| Debt / EquityLower = less leverage | 0.57× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $398.9M | $98.7M | ||
| Q3 25 | $806.0M | $83.8M | ||
| Q2 25 | $615.2M | $124.5M | ||
| Q1 25 | $977.3M | $71.6M | ||
| Q4 24 | $890.2M | $83.8M | ||
| Q3 24 | $903.7M | $78.6M | ||
| Q2 24 | $903.2M | $72.9M | ||
| Q1 24 | $879.5M | $60.1M |
| Q4 25 | $676.9M | $570.7M | ||
| Q3 25 | $870.5M | $525.8M | ||
| Q2 25 | $871.9M | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $443.1M | $910.2M | ||
| Q4 24 | $399.9M | $855.1M | ||
| Q3 24 | $423.6M | $858.8M | ||
| Q2 24 | $415.8M | $788.4M | ||
| Q1 24 | $338.2M | $747.6M |
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | $5.3B | $2.4B | ||
| Q2 25 | $3.8B | $2.2B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.7B | $1.9B | ||
| Q2 24 | $1.7B | $1.9B | ||
| Q1 24 | $1.6B | $1.9B |
| Q4 25 | 0.57× | 0.51× | ||
| Q3 25 | 0.72× | 0.50× | ||
| Q2 25 | 0.69× | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 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 | $-119.4M | $24.7M |
| Free Cash FlowOCF − Capex | $-130.0M | $-17.1M |
| FCF MarginFCF / Revenue | -18.0% | -2.1% |
| Capex IntensityCapex / Revenue | 1.5% | 5.2% |
| Cash ConversionOCF / Net Profit | -4.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $323.4M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-119.4M | $24.7M | ||
| Q3 25 | $331.8M | $1.4M | ||
| Q2 25 | $43.7M | $27.7M | ||
| Q1 25 | $103.4M | $54.8M | ||
| Q4 24 | $75.7M | $60.7M | ||
| Q3 24 | $12.9M | $57.3M | ||
| Q2 24 | $39.6M | $40.5M | ||
| Q1 24 | $134.6M | $39.6M |
| Q4 25 | $-130.0M | $-17.1M | ||
| Q3 25 | $321.5M | $-30.5M | ||
| Q2 25 | $35.5M | $200.0K | ||
| Q1 25 | $96.4M | $27.1M | ||
| Q4 24 | $70.3M | $44.7M | ||
| Q3 24 | $8.7M | $43.8M | ||
| Q2 24 | $30.4M | $13.7M | ||
| Q1 24 | $130.1M | $-4.3M |
| Q4 25 | -18.0% | -2.1% | ||
| Q3 25 | 44.3% | -4.1% | ||
| Q2 25 | 4.8% | 0.0% | ||
| Q1 25 | 29.3% | 4.2% | ||
| Q4 24 | 21.2% | 7.2% | ||
| Q3 24 | 3.3% | 6.7% | ||
| Q2 24 | 7.6% | 2.1% | ||
| Q1 24 | 36.6% | -0.7% |
| Q4 25 | 1.5% | 5.2% | ||
| Q3 25 | 1.4% | 4.3% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 2.1% | 4.3% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 2.3% | 4.1% | ||
| Q1 24 | 1.3% | 7.3% |
| Q4 25 | -4.83× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | 0.44× | 0.54× | ||
| Q1 25 | 2.33× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 2.03× | 1.24× | ||
| Q2 24 | 0.50× | 0.86× | ||
| Q1 24 | 1.73× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CELH
Segment breakdown not available.
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% |
