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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $805.0M, roughly 1.3× MODINE MANUFACTURING CO). Chefs' Warehouse, Inc. runs the higher net margin — 1.6% vs -5.9%, a 7.5% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 11.4%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 5.3%).
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
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...
CHEF vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $805.0M |
| Net Profit | $17.4M | $-47.4M |
| Gross Margin | 24.3% | 23.1% |
| Operating Margin | 3.1% | 11.1% |
| Net Margin | 1.6% | -5.9% |
| Revenue YoY | 11.4% | 30.5% |
| Net Profit YoY | 68.8% | -215.6% |
| EPS (diluted) | $0.40 | $-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 | $1.1B | — | ||
| Q4 25 | $1.1B | $805.0M | ||
| Q3 25 | $1.0B | $738.9M | ||
| Q2 25 | $1.0B | $682.8M | ||
| Q1 25 | $950.7M | $647.2M | ||
| Q4 24 | $1.0B | $616.8M | ||
| Q3 24 | $931.5M | $658.0M | ||
| Q2 24 | $954.7M | $661.5M |
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $-47.4M | ||
| Q3 25 | $19.1M | $44.4M | ||
| Q2 25 | $21.2M | $51.2M | ||
| Q1 25 | $10.3M | $49.6M | ||
| Q4 24 | $23.9M | $41.0M | ||
| Q3 24 | $14.1M | $46.1M | ||
| Q2 24 | $15.5M | $47.3M |
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.2% | 23.1% | ||
| Q3 25 | 24.2% | 22.3% | ||
| Q2 25 | 24.6% | 24.2% | ||
| Q1 25 | 23.8% | 25.6% | ||
| Q4 24 | 24.3% | 24.3% | ||
| Q3 24 | 24.1% | 25.2% | ||
| Q2 24 | 24.0% | 24.6% |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | 11.1% | ||
| Q3 25 | 3.8% | 9.9% | ||
| Q2 25 | 3.9% | 11.1% | ||
| Q1 25 | 2.4% | 11.5% | ||
| Q4 24 | 4.5% | 9.6% | ||
| Q3 24 | 3.4% | 11.4% | ||
| Q2 24 | 3.5% | 11.2% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | -5.9% | ||
| Q3 25 | 1.9% | 6.0% | ||
| Q2 25 | 2.1% | 7.5% | ||
| Q1 25 | 1.1% | 7.7% | ||
| Q4 24 | 2.3% | 6.6% | ||
| Q3 24 | 1.5% | 7.0% | ||
| Q2 24 | 1.6% | 7.2% |
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $-0.90 | ||
| Q3 25 | $0.44 | $0.83 | ||
| Q2 25 | $0.49 | $0.95 | ||
| Q1 25 | $0.25 | $0.92 | ||
| Q4 24 | $0.56 | $0.76 | ||
| Q3 24 | $0.34 | $0.86 | ||
| Q2 24 | $0.37 | $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 | $122.7M | $98.7M |
| Total DebtLower is stronger | $750.4M | $570.7M |
| Stockholders' EquityBook value | $608.6M | $1.1B |
| Total Assets | $2.0B | $2.5B |
| Debt / EquityLower = less leverage | 1.23× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $98.7M | ||
| Q3 25 | $65.1M | $83.8M | ||
| Q2 25 | $96.9M | $124.5M | ||
| Q1 25 | $116.5M | $71.6M | ||
| Q4 24 | $114.7M | $83.8M | ||
| Q3 24 | $50.7M | $78.6M | ||
| Q2 24 | $38.3M | $72.9M |
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $570.7M | ||
| Q3 25 | $711.7M | $525.8M | ||
| Q2 25 | $690.2M | $482.1M | ||
| Q1 25 | $681.1M | $296.7M | ||
| Q4 24 | $688.7M | $330.0M | ||
| Q3 24 | $666.6M | $359.1M | ||
| Q2 24 | $660.8M | $405.7M |
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $1.1B | ||
| Q3 25 | $576.6M | $1.1B | ||
| Q2 25 | $557.7M | $1.0B | ||
| Q1 25 | $541.6M | $910.2M | ||
| Q4 24 | $537.6M | $855.1M | ||
| Q3 24 | $480.3M | $858.8M | ||
| Q2 24 | $461.9M | $788.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $1.9B | $2.4B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $1.7B | $1.9B |
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 0.51× | ||
| Q3 25 | 1.23× | 0.50× | ||
| Q2 25 | 1.24× | 0.48× | ||
| Q1 25 | 1.26× | 0.33× | ||
| Q4 24 | 1.28× | 0.39× | ||
| Q3 24 | 1.39× | 0.42× | ||
| Q2 24 | 1.43× | 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 | $38.3M | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | 0.7% | 5.2% |
| Cash ConversionOCF / Net Profit | 2.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $24.7M | ||
| Q3 25 | $-8.7M | $1.4M | ||
| Q2 25 | $14.5M | $27.7M | ||
| Q1 25 | $49.6M | $54.8M | ||
| Q4 24 | $73.0M | $60.7M | ||
| Q3 24 | $19.8M | $57.3M | ||
| Q2 24 | $29.3M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $-17.1M | ||
| Q3 25 | $-19.7M | $-30.5M | ||
| Q2 25 | $4.5M | $200.0K | ||
| Q1 25 | $37.2M | $27.1M | ||
| Q4 24 | $64.6M | $44.7M | ||
| Q3 24 | $11.8M | $43.8M | ||
| Q2 24 | $13.3M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | -2.1% | ||
| Q3 25 | -1.9% | -4.1% | ||
| Q2 25 | 0.4% | 0.0% | ||
| Q1 25 | 3.9% | 4.2% | ||
| Q4 24 | 6.3% | 7.2% | ||
| Q3 24 | 1.3% | 6.7% | ||
| Q2 24 | 1.4% | 2.1% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 5.2% | ||
| Q3 25 | 1.1% | 4.3% | ||
| Q2 25 | 1.0% | 4.0% | ||
| Q1 25 | 1.3% | 4.3% | ||
| Q4 24 | 0.8% | 2.6% | ||
| Q3 24 | 0.9% | 2.1% | ||
| Q2 24 | 1.7% | 4.1% |
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | -0.46× | 0.03× | ||
| Q2 25 | 0.68× | 0.54× | ||
| Q1 25 | 4.82× | 1.10× | ||
| Q4 24 | 3.05× | 1.48× | ||
| Q3 24 | 1.41× | 1.24× | ||
| Q2 24 | 1.89× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
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% |
