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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) 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 $487.7M, roughly 1.7× CLOVER HEALTH INVESTMENTS, CORP.). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -10.1%, a 4.2% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 30.5%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 15.5%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
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...
CLOV vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $805.0M |
| Net Profit | $-49.3M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | -10.1% | 11.1% |
| Net Margin | -10.1% | -5.9% |
| Revenue YoY | 44.7% | 30.5% |
| Net Profit YoY | -123.2% | -215.6% |
| EPS (diluted) | — | $-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 | $487.7M | $805.0M | ||
| Q3 25 | $496.6M | $738.9M | ||
| Q2 25 | $477.6M | $682.8M | ||
| Q1 25 | $462.3M | $647.2M | ||
| Q4 24 | $337.0M | $616.8M | ||
| Q3 24 | $331.0M | $658.0M | ||
| Q2 24 | $356.3M | $661.5M | ||
| Q1 24 | $346.9M | $603.5M |
| Q4 25 | $-49.3M | $-47.4M | ||
| Q3 25 | $-24.4M | $44.4M | ||
| Q2 25 | $-10.6M | $51.2M | ||
| Q1 25 | $-1.3M | $49.6M | ||
| Q4 24 | $-22.1M | $41.0M | ||
| Q3 24 | $-9.2M | $46.1M | ||
| Q2 24 | $7.4M | $47.3M | ||
| Q1 24 | $-19.2M | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | 24.5% | 25.2% | ||
| Q2 24 | 30.3% | 24.6% | ||
| Q1 24 | 23.6% | 22.4% |
| Q4 25 | -10.1% | 11.1% | ||
| Q3 25 | -4.9% | 9.9% | ||
| Q2 25 | -2.2% | 11.1% | ||
| Q1 25 | -0.3% | 11.5% | ||
| Q4 24 | -6.4% | 9.6% | ||
| Q3 24 | -2.7% | 11.4% | ||
| Q2 24 | 2.0% | 11.2% | ||
| Q1 24 | -6.5% | 7.8% |
| Q4 25 | -10.1% | -5.9% | ||
| Q3 25 | -4.9% | 6.0% | ||
| Q2 25 | -2.2% | 7.5% | ||
| Q1 25 | -0.3% | 7.7% | ||
| Q4 24 | -6.6% | 6.6% | ||
| Q3 24 | -2.8% | 7.0% | ||
| Q2 24 | 2.1% | 7.2% | ||
| Q1 24 | -5.5% | 4.3% |
| Q4 25 | — | $-0.90 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.95 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | — | $0.86 | ||
| Q2 24 | — | $0.88 | ||
| Q1 24 | — | $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 | $78.3M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $308.7M | $1.1B |
| Total Assets | $541.0M | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | $194.5M | $83.8M | ||
| Q3 24 | $288.0M | $78.6M | ||
| Q2 24 | $254.8M | $72.9M | ||
| Q1 24 | $208.3M | $60.1M |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
| Q4 25 | $308.7M | $1.1B | ||
| Q3 25 | $340.9M | $1.1B | ||
| Q2 25 | $344.2M | $1.0B | ||
| Q1 25 | $336.1M | $910.2M | ||
| Q4 24 | $341.1M | $855.1M | ||
| Q3 24 | $342.2M | $858.8M | ||
| Q2 24 | $324.9M | $788.4M | ||
| Q1 24 | $292.5M | $747.6M |
| Q4 25 | $541.0M | $2.5B | ||
| Q3 25 | $559.7M | $2.4B | ||
| Q2 25 | $575.0M | $2.2B | ||
| Q1 25 | $583.7M | $1.9B | ||
| Q4 24 | $580.7M | $1.8B | ||
| Q3 24 | $653.0M | $1.9B | ||
| Q2 24 | $674.2M | $1.9B | ||
| Q1 24 | $671.8M | $1.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 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 | $-66.9M | $24.7M |
| Free Cash FlowOCF − Capex | $-69.0M | $-17.1M |
| FCF MarginFCF / Revenue | -14.1% | -2.1% |
| Capex IntensityCapex / Revenue | 0.4% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $24.7M | ||
| Q3 25 | $12.1M | $1.4M | ||
| Q2 25 | $5.4M | $27.7M | ||
| Q1 25 | $-16.3M | $54.8M | ||
| Q4 24 | $34.8M | $60.7M | ||
| Q3 24 | $50.0M | $57.3M | ||
| Q2 24 | $44.8M | $40.5M | ||
| Q1 24 | $25.9M | $39.6M |
| Q4 25 | $-69.0M | $-17.1M | ||
| Q3 25 | $11.4M | $-30.5M | ||
| Q2 25 | $4.8M | $200.0K | ||
| Q1 25 | $-16.5M | $27.1M | ||
| Q4 24 | $33.3M | $44.7M | ||
| Q3 24 | $49.6M | $43.8M | ||
| Q2 24 | $44.4M | $13.7M | ||
| Q1 24 | $25.5M | $-4.3M |
| Q4 25 | -14.1% | -2.1% | ||
| Q3 25 | 2.3% | -4.1% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | -3.6% | 4.2% | ||
| Q4 24 | 9.9% | 7.2% | ||
| Q3 24 | 15.0% | 6.7% | ||
| Q2 24 | 12.5% | 2.1% | ||
| Q1 24 | 7.3% | -0.7% |
| Q4 25 | 0.4% | 5.2% | ||
| Q3 25 | 0.1% | 4.3% | ||
| Q2 25 | 0.1% | 4.0% | ||
| Q1 25 | 0.0% | 4.3% | ||
| Q4 24 | 0.5% | 2.6% | ||
| Q3 24 | 0.1% | 2.1% | ||
| Q2 24 | 0.1% | 4.1% | ||
| Q1 24 | 0.1% | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | 6.04× | 0.86× | ||
| Q1 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
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% |
