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Side-by-side financial comparison of Compass Diversified Holdings (CODI) 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 $468.6M, roughly 1.7× Compass Diversified Holdings). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -16.8%, a 10.9% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 6.8%).
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
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...
CODI vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $805.0M |
| Net Profit | $-78.8M | $-47.4M |
| Gross Margin | 43.1% | 23.1% |
| Operating Margin | 9.8% | 11.1% |
| Net Margin | -16.8% | -5.9% |
| Revenue YoY | -5.1% | 30.5% |
| Net Profit YoY | -14.4% | -215.6% |
| EPS (diluted) | $-0.91 | $-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 | $468.6M | $805.0M | ||
| Q3 25 | $472.6M | $738.9M | ||
| Q2 25 | $478.7M | $682.8M | ||
| Q1 25 | $453.8M | $647.2M | ||
| Q4 24 | $493.9M | $616.8M | ||
| Q3 24 | $456.6M | $658.0M | ||
| Q2 24 | $426.7M | $661.5M | ||
| Q1 24 | $410.8M | $603.5M |
| Q4 25 | $-78.8M | $-47.4M | ||
| Q3 25 | $-74.0M | $44.4M | ||
| Q2 25 | $-51.2M | $51.2M | ||
| Q1 25 | $-30.0M | $49.6M | ||
| Q4 24 | $-68.9M | $41.0M | ||
| Q3 24 | $-36.0M | $46.1M | ||
| Q2 24 | $-73.1M | $47.3M | ||
| Q1 24 | $-56.2M | $25.8M |
| Q4 25 | 43.1% | 23.1% | ||
| Q3 25 | 44.0% | 22.3% | ||
| Q2 25 | 43.6% | 24.2% | ||
| Q1 25 | 43.2% | 25.6% | ||
| Q4 24 | 38.6% | 24.3% | ||
| Q3 24 | 43.1% | 25.2% | ||
| Q2 24 | 44.1% | 24.6% | ||
| Q1 24 | 42.6% | 22.4% |
| Q4 25 | 9.8% | 11.1% | ||
| Q3 25 | -2.3% | 9.9% | ||
| Q2 25 | -5.7% | 11.1% | ||
| Q1 25 | 0.8% | 11.5% | ||
| Q4 24 | -3.8% | 9.6% | ||
| Q3 24 | 1.8% | 11.4% | ||
| Q2 24 | 1.8% | 11.2% | ||
| Q1 24 | -2.9% | 7.8% |
| Q4 25 | -16.8% | -5.9% | ||
| Q3 25 | -15.7% | 6.0% | ||
| Q2 25 | -10.7% | 7.5% | ||
| Q1 25 | -6.6% | 7.7% | ||
| Q4 24 | -13.9% | 6.6% | ||
| Q3 24 | -7.9% | 7.0% | ||
| Q2 24 | -17.1% | 7.2% | ||
| Q1 24 | -13.7% | 4.3% |
| Q4 25 | $-0.91 | $-0.90 | ||
| Q3 25 | $-1.21 | $0.83 | ||
| Q2 25 | $-0.88 | $0.95 | ||
| Q1 25 | $-0.59 | $0.92 | ||
| Q4 24 | $-0.57 | $0.76 | ||
| Q3 24 | $-0.62 | $0.86 | ||
| Q2 24 | $-1.12 | $0.88 | ||
| Q1 24 | $-1.52 | $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 | $68.0M | $98.7M |
| Total DebtLower is stronger | $1.9B | $570.7M |
| Stockholders' EquityBook value | $442.0M | $1.1B |
| Total Assets | $3.0B | $2.5B |
| Debt / EquityLower = less leverage | 4.25× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $98.7M | ||
| Q3 25 | $61.1M | $83.8M | ||
| Q2 25 | $73.8M | $124.5M | ||
| Q1 25 | $146.2M | $71.6M | ||
| Q4 24 | $59.7M | $83.8M | ||
| Q3 24 | $64.9M | $78.6M | ||
| Q2 24 | $61.5M | $72.9M | ||
| Q1 24 | $59.5M | $60.1M |
| Q4 25 | $1.9B | $570.7M | ||
| Q3 25 | $1.9B | $525.8M | ||
| Q2 25 | $1.9B | $482.1M | ||
| Q1 25 | $1.9B | $296.7M | ||
| Q4 24 | $1.8B | $330.0M | ||
| Q3 24 | $1.8B | $359.1M | ||
| Q2 24 | $1.7B | $405.7M | ||
| Q1 24 | $1.7B | $399.9M |
| Q4 25 | $442.0M | $1.1B | ||
| Q3 25 | $519.2M | $1.1B | ||
| Q2 25 | $601.9M | $1.0B | ||
| Q1 25 | $680.7M | $910.2M | ||
| Q4 24 | $678.6M | $855.1M | ||
| Q3 24 | $672.2M | $858.8M | ||
| Q2 24 | $711.3M | $788.4M | ||
| Q1 24 | $799.7M | $747.6M |
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.4B | $1.9B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.3B | $1.9B | ||
| Q2 24 | $3.2B | $1.9B | ||
| Q1 24 | $3.3B | $1.9B |
| Q4 25 | 4.25× | 0.51× | ||
| Q3 25 | 3.62× | 0.50× | ||
| Q2 25 | 3.09× | 0.48× | ||
| Q1 25 | 2.73× | 0.33× | ||
| Q4 24 | 2.61× | 0.39× | ||
| Q3 24 | 2.64× | 0.42× | ||
| Q2 24 | 2.42× | 0.51× | ||
| Q1 24 | 2.15× | 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 | $47.0M | $24.7M |
| Free Cash FlowOCF − Capex | $36.9M | $-17.1M |
| FCF MarginFCF / Revenue | 7.9% | -2.1% |
| Capex IntensityCapex / Revenue | 2.2% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $24.7M | ||
| Q3 25 | $10.7M | $1.4M | ||
| Q2 25 | $-35.2M | $27.7M | ||
| Q1 25 | $-29.3M | $54.8M | ||
| Q4 24 | $-16.1M | $60.7M | ||
| Q3 24 | $-48.4M | $57.3M | ||
| Q2 24 | $-61.3M | $40.5M | ||
| Q1 24 | $-25.4M | $39.6M |
| Q4 25 | $36.9M | $-17.1M | ||
| Q3 25 | $481.0K | $-30.5M | ||
| Q2 25 | $-46.0M | $200.0K | ||
| Q1 25 | $-42.4M | $27.1M | ||
| Q4 24 | $-39.0M | $44.7M | ||
| Q3 24 | $-63.5M | $43.8M | ||
| Q2 24 | $-72.2M | $13.7M | ||
| Q1 24 | $-33.1M | $-4.3M |
| Q4 25 | 7.9% | -2.1% | ||
| Q3 25 | 0.1% | -4.1% | ||
| Q2 25 | -9.6% | 0.0% | ||
| Q1 25 | -9.4% | 4.2% | ||
| Q4 24 | -7.9% | 7.2% | ||
| Q3 24 | -13.9% | 6.7% | ||
| Q2 24 | -16.9% | 2.1% | ||
| Q1 24 | -8.1% | -0.7% |
| Q4 25 | 2.2% | 5.2% | ||
| Q3 25 | 2.2% | 4.3% | ||
| Q2 25 | 2.3% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 4.6% | 2.6% | ||
| Q3 24 | 3.3% | 2.1% | ||
| Q2 24 | 2.6% | 4.1% | ||
| Q1 24 | 1.9% | 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 | — | 0.86× | ||
| Q1 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
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% |
