vs
Side-by-side financial comparison of CARTERS INC (CRI) 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 $757.8M, roughly 1.1× CARTERS INC). CARTERS INC runs the higher net margin — 1.5% vs -5.9%, a 7.4% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -0.1%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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...
CRI vs MOD — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $805.0M |
| Net Profit | $11.6M | $-47.4M |
| Gross Margin | 45.1% | 23.1% |
| Operating Margin | 3.8% | 11.1% |
| Net Margin | 1.5% | -5.9% |
| Revenue YoY | -0.1% | 30.5% |
| Net Profit YoY | -80.1% | -215.6% |
| EPS (diluted) | $0.32 | $-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 | — | $805.0M | ||
| Q3 25 | $757.8M | $738.9M | ||
| Q2 25 | $585.3M | $682.8M | ||
| Q1 25 | $629.8M | $647.2M | ||
| Q4 24 | — | $616.8M | ||
| Q3 24 | — | $658.0M | ||
| Q2 24 | — | $661.5M | ||
| Q1 24 | — | $603.5M |
| Q4 25 | — | $-47.4M | ||
| Q3 25 | $11.6M | $44.4M | ||
| Q2 25 | $446.0K | $51.2M | ||
| Q1 25 | $15.5M | $49.6M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | — | $46.1M | ||
| Q2 24 | — | $47.3M | ||
| Q1 24 | — | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | 45.1% | 22.3% | ||
| Q2 25 | 48.1% | 24.2% | ||
| Q1 25 | 46.2% | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | 3.8% | 9.9% | ||
| Q2 25 | 0.7% | 11.1% | ||
| Q1 25 | 4.1% | 11.5% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | 1.5% | 6.0% | ||
| Q2 25 | 0.1% | 7.5% | ||
| Q1 25 | 2.5% | 7.7% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 4.3% |
| Q4 25 | — | $-0.90 | ||
| Q3 25 | $0.32 | $0.83 | ||
| Q2 25 | $0.01 | $0.95 | ||
| Q1 25 | $0.43 | $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 | $184.2M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $864.6M | $1.1B |
| Total Assets | $2.5B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $98.7M | ||
| Q3 25 | $184.2M | $83.8M | ||
| Q2 25 | $338.2M | $124.5M | ||
| Q1 25 | $320.8M | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M | ||
| Q1 24 | — | $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 | — | $1.1B | ||
| Q3 25 | $864.6M | $1.1B | ||
| Q2 25 | $853.9M | $1.0B | ||
| Q1 25 | $847.2M | $910.2M | ||
| Q4 24 | — | $855.1M | ||
| Q3 24 | — | $858.8M | ||
| Q2 24 | — | $788.4M | ||
| Q1 24 | — | $747.6M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $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 | $-128.0M | $24.7M |
| Free Cash FlowOCF − Capex | $-144.1M | $-17.1M |
| FCF MarginFCF / Revenue | -19.0% | -2.1% |
| Capex IntensityCapex / Revenue | 2.1% | 5.2% |
| Cash ConversionOCF / Net Profit | -11.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.7M | ||
| Q3 25 | $-128.0M | $1.4M | ||
| Q2 25 | $40.3M | $27.7M | ||
| Q1 25 | $-48.6M | $54.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | — | $57.3M | ||
| Q2 24 | — | $40.5M | ||
| Q1 24 | — | $39.6M |
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $-144.1M | $-30.5M | ||
| Q2 25 | $24.1M | $200.0K | ||
| Q1 25 | $-59.0M | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | — | $-4.3M |
| Q4 25 | — | -2.1% | ||
| Q3 25 | -19.0% | -4.1% | ||
| Q2 25 | 4.1% | 0.0% | ||
| Q1 25 | -9.4% | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | 2.1% | 4.3% | ||
| Q2 25 | 2.8% | 4.0% | ||
| Q1 25 | 1.6% | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | -11.04× | 0.03× | ||
| Q2 25 | 90.37× | 0.54× | ||
| Q1 25 | -3.13× | 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
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
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% |
