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Side-by-side financial comparison of Essex Property Trust (ESS) 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 $479.6M, roughly 1.7× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -5.9%, a 23.8% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 5.5%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 6.0%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
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...
ESS vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $805.0M |
| Net Profit | $85.7M | $-47.4M |
| Gross Margin | 70.0% | 23.1% |
| Operating Margin | 31.7% | 11.1% |
| Net Margin | 17.9% | -5.9% |
| Revenue YoY | 5.5% | 30.5% |
| Net Profit YoY | -71.6% | -215.6% |
| EPS (diluted) | $1.24 | $-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 | $479.6M | $805.0M | ||
| Q3 25 | $473.3M | $738.9M | ||
| Q2 25 | $469.8M | $682.8M | ||
| Q1 25 | $464.6M | $647.2M | ||
| Q4 24 | $454.5M | $616.8M | ||
| Q3 24 | $450.7M | $658.0M | ||
| Q2 24 | $442.4M | $661.5M | ||
| Q1 24 | $426.9M | $603.5M |
| Q4 25 | $85.7M | $-47.4M | ||
| Q3 25 | $172.7M | $44.4M | ||
| Q2 25 | $231.5M | $51.2M | ||
| Q1 25 | $212.8M | $49.6M | ||
| Q4 24 | $301.7M | $41.0M | ||
| Q3 24 | $125.5M | $46.1M | ||
| Q2 24 | $99.0M | $47.3M | ||
| Q1 24 | $285.1M | $25.8M |
| Q4 25 | 70.0% | 23.1% | ||
| Q3 25 | 69.2% | 22.3% | ||
| Q2 25 | 70.7% | 24.2% | ||
| Q1 25 | 69.6% | 25.6% | ||
| Q4 24 | 70.0% | 24.3% | ||
| Q3 24 | 69.5% | 25.2% | ||
| Q2 24 | 70.8% | 24.6% | ||
| Q1 24 | 69.7% | 22.4% |
| Q4 25 | 31.7% | 11.1% | ||
| Q3 25 | 44.5% | 9.9% | ||
| Q2 25 | 59.5% | 11.1% | ||
| Q1 25 | 55.3% | 11.5% | ||
| Q4 24 | 67.0% | 9.6% | ||
| Q3 24 | 28.6% | 11.4% | ||
| Q2 24 | 31.1% | 11.2% | ||
| Q1 24 | 31.0% | 7.8% |
| Q4 25 | 17.9% | -5.9% | ||
| Q3 25 | 36.5% | 6.0% | ||
| Q2 25 | 49.3% | 7.5% | ||
| Q1 25 | 45.8% | 7.7% | ||
| Q4 24 | 66.4% | 6.6% | ||
| Q3 24 | 27.8% | 7.0% | ||
| Q2 24 | 22.4% | 7.2% | ||
| Q1 24 | 66.8% | 4.3% |
| Q4 25 | $1.24 | $-0.90 | ||
| Q3 25 | $2.56 | $0.83 | ||
| Q2 25 | $3.44 | $0.95 | ||
| Q1 25 | $3.16 | $0.92 | ||
| Q4 24 | $4.00 | $0.76 | ||
| Q3 24 | $1.84 | $0.86 | ||
| Q2 24 | $1.45 | $0.88 | ||
| Q1 24 | $4.25 | $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 | $76.2M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $5.5B | $1.1B |
| Total Assets | $13.2B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $98.7M | ||
| Q3 25 | $66.0M | $83.8M | ||
| Q2 25 | $58.7M | $124.5M | ||
| Q1 25 | $98.7M | $71.6M | ||
| Q4 24 | $66.8M | $83.8M | ||
| Q3 24 | $71.3M | $78.6M | ||
| Q2 24 | $55.2M | $72.9M | ||
| Q1 24 | $499.0M | $60.1M |
| Q4 25 | — | $570.7M | ||
| Q3 25 | $6.4B | $525.8M | ||
| Q2 25 | $6.4B | $482.1M | ||
| Q1 25 | $6.8B | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | $6.4B | $359.1M | ||
| Q2 24 | $6.2B | $405.7M | ||
| Q1 24 | $6.6B | $399.9M |
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $5.6B | $1.0B | ||
| Q1 25 | $5.6B | $910.2M | ||
| Q4 24 | $5.5B | $855.1M | ||
| Q3 24 | $5.4B | $858.8M | ||
| Q2 24 | $5.5B | $788.4M | ||
| Q1 24 | $5.5B | $747.6M |
| Q4 25 | $13.2B | $2.5B | ||
| Q3 25 | $13.2B | $2.4B | ||
| Q2 25 | $13.2B | $2.2B | ||
| Q1 25 | $13.2B | $1.9B | ||
| Q4 24 | $12.9B | $1.8B | ||
| Q3 24 | $12.6B | $1.9B | ||
| Q2 24 | $12.5B | $1.9B | ||
| Q1 24 | $12.9B | $1.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | 1.15× | 0.50× | ||
| Q2 25 | 1.14× | 0.48× | ||
| Q1 25 | 1.22× | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | 1.18× | 0.42× | ||
| Q2 24 | 1.13× | 0.51× | ||
| Q1 24 | 1.19× | 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 | $1.1B | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $24.7M | ||
| Q3 25 | $342.6M | $1.4M | ||
| Q2 25 | $216.1M | $27.7M | ||
| Q1 25 | $281.5M | $54.8M | ||
| Q4 24 | $1.1B | $60.7M | ||
| Q3 24 | $316.2M | $57.3M | ||
| Q2 24 | $218.9M | $40.5M | ||
| Q1 24 | $314.9M | $39.6M |
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | — | $-4.3M |
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | 0.03× | ||
| Q2 25 | 0.93× | 0.54× | ||
| Q1 25 | 1.32× | 1.10× | ||
| Q4 24 | 3.54× | 1.48× | ||
| Q3 24 | 2.52× | 1.24× | ||
| Q2 24 | 2.21× | 0.86× | ||
| Q1 24 | 1.10× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
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% |
