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Side-by-side financial comparison of Element Solutions Inc (ESI) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Element Solutions Inc is the larger business by last-quarter revenue ($840.0M vs $805.0M, roughly 1.0× MODINE MANUFACTURING CO). Element Solutions Inc runs the higher net margin — 6.7% vs -5.9%, a 12.6% gap on every dollar of revenue. On growth, Element Solutions Inc posted the faster year-over-year revenue change (41.0% vs 30.5%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-74.2M). Over the past eight quarters, Element Solutions Inc's revenue compounded faster (17.1% CAGR vs 15.5%).
Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.
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...
ESI vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $840.0M | $805.0M |
| Net Profit | $56.0M | $-47.4M |
| Gross Margin | 38.4% | 23.1% |
| Operating Margin | 13.3% | 11.1% |
| Net Margin | 6.7% | -5.9% |
| Revenue YoY | 41.0% | 30.5% |
| Net Profit YoY | -43.0% | -215.6% |
| EPS (diluted) | $0.23 | $-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 | $840.0M | — | ||
| Q4 25 | $676.2M | $805.0M | ||
| Q3 25 | $656.1M | $738.9M | ||
| Q2 25 | $625.2M | $682.8M | ||
| Q1 25 | $593.7M | $647.2M | ||
| Q4 24 | $624.2M | $616.8M | ||
| Q3 24 | $645.0M | $658.0M | ||
| Q2 24 | $612.7M | $661.5M |
| Q1 26 | $56.0M | — | ||
| Q4 25 | $6.2M | $-47.4M | ||
| Q3 25 | $39.3M | $44.4M | ||
| Q2 25 | $47.4M | $51.2M | ||
| Q1 25 | $98.0M | $49.6M | ||
| Q4 24 | $54.7M | $41.0M | ||
| Q3 24 | $40.3M | $46.1M | ||
| Q2 24 | $93.2M | $47.3M |
| Q1 26 | 38.4% | — | ||
| Q4 25 | 40.9% | 23.1% | ||
| Q3 25 | 42.2% | 22.3% | ||
| Q2 25 | 42.6% | 24.2% | ||
| Q1 25 | 42.2% | 25.6% | ||
| Q4 24 | 41.0% | 24.3% | ||
| Q3 24 | 41.5% | 25.2% | ||
| Q2 24 | 43.6% | 24.6% |
| Q1 26 | 13.3% | — | ||
| Q4 25 | 10.3% | 11.1% | ||
| Q3 25 | 15.4% | 9.9% | ||
| Q2 25 | 15.1% | 11.1% | ||
| Q1 25 | 13.0% | 11.5% | ||
| Q4 24 | 12.0% | 9.6% | ||
| Q3 24 | 14.7% | 11.4% | ||
| Q2 24 | 15.7% | 11.2% |
| Q1 26 | 6.7% | — | ||
| Q4 25 | 0.9% | -5.9% | ||
| Q3 25 | 6.0% | 6.0% | ||
| Q2 25 | 7.6% | 7.5% | ||
| Q1 25 | 16.5% | 7.7% | ||
| Q4 24 | 8.8% | 6.6% | ||
| Q3 24 | 6.2% | 7.0% | ||
| Q2 24 | 15.2% | 7.2% |
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.03 | $-0.90 | ||
| Q3 25 | $0.16 | $0.83 | ||
| Q2 25 | $0.20 | $0.95 | ||
| Q1 25 | $0.40 | $0.92 | ||
| Q4 24 | $0.22 | $0.76 | ||
| Q3 24 | $0.17 | $0.86 | ||
| Q2 24 | $0.39 | $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 | $177.3M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $2.7B | $1.1B |
| Total Assets | $5.7B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $177.3M | — | ||
| Q4 25 | $626.5M | $98.7M | ||
| Q3 25 | $594.3M | $83.8M | ||
| Q2 25 | $529.9M | $124.5M | ||
| Q1 25 | $499.2M | $71.6M | ||
| Q4 24 | $359.4M | $83.8M | ||
| Q3 24 | $376.0M | $78.6M | ||
| Q2 24 | $309.3M | $72.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $570.7M | ||
| Q3 25 | $1.6B | $525.8M | ||
| Q2 25 | $1.6B | $482.1M | ||
| Q1 25 | $1.6B | $296.7M | ||
| Q4 24 | $1.8B | $330.0M | ||
| Q3 24 | $1.9B | $359.1M | ||
| Q2 24 | $1.9B | $405.7M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.1B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.5B | $910.2M | ||
| Q4 24 | $2.4B | $855.1M | ||
| Q3 24 | $2.4B | $858.8M | ||
| Q2 24 | $2.4B | $788.4M |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.0B | $2.2B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.9B | $1.8B | ||
| Q3 24 | $5.1B | $1.9B | ||
| Q2 24 | $5.0B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 0.51× | ||
| Q3 25 | 0.61× | 0.50× | ||
| Q2 25 | 0.62× | 0.48× | ||
| Q1 25 | 0.64× | 0.33× | ||
| Q4 24 | 0.76× | 0.39× | ||
| Q3 24 | 0.78× | 0.42× | ||
| Q2 24 | 0.81× | 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 | — | $24.7M |
| Free Cash FlowOCF − Capex | $-74.2M | $-17.1M |
| FCF MarginFCF / Revenue | -8.8% | -2.1% |
| Capex IntensityCapex / Revenue | 3.0% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $24.7M | ||
| Q3 25 | $100.1M | $1.4M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | $26.0M | $54.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | $98.5M | $57.3M | ||
| Q2 24 | — | $40.5M |
| Q1 26 | $-74.2M | — | ||
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $83.6M | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | $15.0M | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | $85.9M | $43.8M | ||
| Q2 24 | — | $13.7M |
| Q1 26 | -8.8% | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | 12.7% | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 2.5% | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 13.3% | 6.7% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 2.5% | 5.2% | ||
| Q3 25 | 2.5% | 4.3% | ||
| Q2 25 | 2.8% | 4.0% | ||
| Q1 25 | 1.9% | 4.3% | ||
| Q4 24 | 3.6% | 2.6% | ||
| Q3 24 | 2.0% | 2.1% | ||
| Q2 24 | 2.4% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.55× | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 0.27× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 2.44× | 1.24× | ||
| Q2 24 | — | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
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% |
