vs
Side-by-side financial comparison of DELUXE CORP (DLX) 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 $535.2M, roughly 1.5× DELUXE CORP). DELUXE CORP runs the higher net margin — 2.2% vs -5.9%, a 8.1% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 2.8%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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...
DLX vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $805.0M |
| Net Profit | $12.0M | $-47.4M |
| Gross Margin | 52.2% | 23.1% |
| Operating Margin | 8.9% | 11.1% |
| Net Margin | 2.2% | -5.9% |
| Revenue YoY | 2.8% | 30.5% |
| Net Profit YoY | -5.0% | -215.6% |
| EPS (diluted) | $0.25 | $-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 | $535.2M | $805.0M | ||
| Q3 25 | $540.2M | $738.9M | ||
| Q2 25 | $521.3M | $682.8M | ||
| Q1 25 | $536.5M | $647.2M | ||
| Q4 24 | $520.6M | $616.8M | ||
| Q3 24 | $528.4M | $658.0M | ||
| Q2 24 | $537.8M | $661.5M | ||
| Q1 24 | $535.0M | $603.5M |
| Q4 25 | $12.0M | $-47.4M | ||
| Q3 25 | $33.7M | $44.4M | ||
| Q2 25 | $22.4M | $51.2M | ||
| Q1 25 | $14.0M | $49.6M | ||
| Q4 24 | $12.6M | $41.0M | ||
| Q3 24 | $8.9M | $46.1M | ||
| Q2 24 | $20.5M | $47.3M | ||
| Q1 24 | $10.8M | $25.8M |
| Q4 25 | 52.2% | 23.1% | ||
| Q3 25 | 53.9% | 22.3% | ||
| Q2 25 | 53.6% | 24.2% | ||
| Q1 25 | 52.4% | 25.6% | ||
| Q4 24 | 52.3% | 24.3% | ||
| Q3 24 | 53.3% | 25.2% | ||
| Q2 24 | 53.7% | 24.6% | ||
| Q1 24 | 53.0% | 22.4% |
| Q4 25 | 8.9% | 11.1% | ||
| Q3 25 | 14.0% | 9.9% | ||
| Q2 25 | 11.7% | 11.1% | ||
| Q1 25 | 9.0% | 11.5% | ||
| Q4 24 | 9.0% | 9.6% | ||
| Q3 24 | 7.9% | 11.4% | ||
| Q2 24 | 11.0% | 11.2% | ||
| Q1 24 | 8.3% | 7.8% |
| Q4 25 | 2.2% | -5.9% | ||
| Q3 25 | 6.2% | 6.0% | ||
| Q2 25 | 4.3% | 7.5% | ||
| Q1 25 | 2.6% | 7.7% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 1.7% | 7.0% | ||
| Q2 24 | 3.8% | 7.2% | ||
| Q1 24 | 2.0% | 4.3% |
| Q4 25 | $0.25 | $-0.90 | ||
| Q3 25 | $0.74 | $0.83 | ||
| Q2 25 | $0.50 | $0.95 | ||
| Q1 25 | $0.31 | $0.92 | ||
| Q4 24 | $0.28 | $0.76 | ||
| Q3 24 | $0.20 | $0.86 | ||
| Q2 24 | $0.46 | $0.88 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $680.7M | $1.1B |
| Total Assets | $2.9B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $98.7M | ||
| Q3 25 | $25.8M | $83.8M | ||
| Q2 25 | $26.0M | $124.5M | ||
| Q1 25 | $30.3M | $71.6M | ||
| Q4 24 | $34.4M | $83.8M | ||
| Q3 24 | $41.3M | $78.6M | ||
| Q2 24 | $23.1M | $72.9M | ||
| Q1 24 | $23.5M | $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 | $680.7M | $1.1B | ||
| Q3 25 | $664.1M | $1.1B | ||
| Q2 25 | $638.7M | $1.0B | ||
| Q1 25 | $622.5M | $910.2M | ||
| Q4 24 | $620.9M | $855.1M | ||
| Q3 24 | $612.7M | $858.8M | ||
| Q2 24 | $620.5M | $788.4M | ||
| Q1 24 | $608.4M | $747.6M |
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | 8.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $24.7M | ||
| Q3 25 | $67.1M | $1.4M | ||
| Q2 25 | $51.1M | $27.7M | ||
| Q1 25 | $50.3M | $54.8M | ||
| Q4 24 | $60.2M | $60.7M | ||
| Q3 24 | $67.9M | $57.3M | ||
| Q2 24 | $39.6M | $40.5M | ||
| Q1 24 | $26.6M | $39.6M |
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | $27.8M | $200.0K | ||
| Q1 25 | $24.3M | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | $46.7M | $43.8M | ||
| Q2 24 | $11.4M | $13.7M | ||
| Q1 24 | $6.1M | $-4.3M |
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | 5.3% | 0.0% | ||
| Q1 25 | 4.5% | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 8.8% | 6.7% | ||
| Q2 24 | 2.1% | 2.1% | ||
| Q1 24 | 1.1% | -0.7% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 4.5% | 4.0% | ||
| Q1 25 | 4.8% | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 4.0% | 2.1% | ||
| Q2 24 | 5.2% | 4.1% | ||
| Q1 24 | 3.8% | 7.3% |
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | 0.03× | ||
| Q2 25 | 2.28× | 0.54× | ||
| Q1 25 | 3.59× | 1.10× | ||
| Q4 24 | 4.77× | 1.48× | ||
| Q3 24 | 7.60× | 1.24× | ||
| Q2 24 | 1.94× | 0.86× | ||
| Q1 24 | 2.46× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
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% |
