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Side-by-side financial comparison of Evergy (EVRG) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $805.0M, roughly 1.6× MODINE MANUFACTURING CO). Evergy runs the higher net margin — 6.5% vs -5.9%, a 12.4% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 5.3%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-530.5M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 0.4%).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
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...
EVRG vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $805.0M |
| Net Profit | $84.3M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 18.5% | 11.1% |
| Net Margin | 6.5% | -5.9% |
| Revenue YoY | 5.3% | 30.5% |
| Net Profit YoY | 7.8% | -215.6% |
| EPS (diluted) | $0.35 | $-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 | $1.3B | $805.0M | ||
| Q3 25 | $1.8B | $738.9M | ||
| Q2 25 | $1.4B | $682.8M | ||
| Q1 25 | $1.3B | $647.2M | ||
| Q4 24 | $1.2B | $616.8M | ||
| Q3 24 | $1.8B | $658.0M | ||
| Q2 24 | $1.4B | $661.5M | ||
| Q1 24 | $1.3B | $603.5M |
| Q4 25 | $84.3M | $-47.4M | ||
| Q3 25 | $475.0M | $44.4M | ||
| Q2 25 | $171.3M | $51.2M | ||
| Q1 25 | $125.0M | $49.6M | ||
| Q4 24 | $78.2M | $41.0M | ||
| Q3 24 | $465.6M | $46.1M | ||
| Q2 24 | $207.0M | $47.3M | ||
| Q1 24 | $122.7M | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | 18.5% | 11.1% | ||
| Q3 25 | 37.3% | 9.9% | ||
| Q2 25 | 25.4% | 11.1% | ||
| Q1 25 | 22.5% | 11.5% | ||
| Q4 24 | 18.1% | 9.6% | ||
| Q3 24 | 35.1% | 11.4% | ||
| Q2 24 | 25.4% | 11.2% | ||
| Q1 24 | 20.3% | 7.8% |
| Q4 25 | 6.5% | -5.9% | ||
| Q3 25 | 26.9% | 6.0% | ||
| Q2 25 | 12.6% | 7.5% | ||
| Q1 25 | 9.7% | 7.7% | ||
| Q4 24 | 6.4% | 6.6% | ||
| Q3 24 | 26.0% | 7.0% | ||
| Q2 24 | 14.7% | 7.2% | ||
| Q1 24 | 9.6% | 4.3% |
| Q4 25 | $0.35 | $-0.90 | ||
| Q3 25 | $2.03 | $0.83 | ||
| Q2 25 | $0.74 | $0.95 | ||
| Q1 25 | $0.54 | $0.92 | ||
| Q4 24 | $0.34 | $0.76 | ||
| Q3 24 | $2.02 | $0.86 | ||
| Q2 24 | $0.90 | $0.88 | ||
| Q1 24 | $0.53 | $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 | $19.8M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $10.2B | $1.1B |
| Total Assets | $33.9B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $98.7M | ||
| Q3 25 | $27.5M | $83.8M | ||
| Q2 25 | $27.8M | $124.5M | ||
| Q1 25 | $35.3M | $71.6M | ||
| Q4 24 | $22.0M | $83.8M | ||
| Q3 24 | $34.6M | $78.6M | ||
| Q2 24 | $26.1M | $72.9M | ||
| Q1 24 | $63.7M | $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 | $10.2B | $1.1B | ||
| Q3 25 | $10.3B | $1.1B | ||
| Q2 25 | $10.0B | $1.0B | ||
| Q1 25 | $9.9B | $910.2M | ||
| Q4 24 | $10.0B | $855.1M | ||
| Q3 24 | $10.0B | $858.8M | ||
| Q2 24 | $9.7B | $788.4M | ||
| Q1 24 | $9.6B | $747.6M |
| Q4 25 | $33.9B | $2.5B | ||
| Q3 25 | $33.4B | $2.4B | ||
| Q2 25 | $32.9B | $2.2B | ||
| Q1 25 | $32.5B | $1.9B | ||
| Q4 24 | $32.3B | $1.8B | ||
| Q3 24 | $32.1B | $1.9B | ||
| Q2 24 | $31.8B | $1.9B | ||
| Q1 24 | $31.3B | $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 | $334.0M | $24.7M |
| Free Cash FlowOCF − Capex | $-530.5M | $-17.1M |
| FCF MarginFCF / Revenue | -41.1% | -2.1% |
| Capex IntensityCapex / Revenue | 66.9% | 5.2% |
| Cash ConversionOCF / Net Profit | 3.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-751.7M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $334.0M | $24.7M | ||
| Q3 25 | $937.7M | $1.4M | ||
| Q2 25 | $323.9M | $27.7M | ||
| Q1 25 | $449.6M | $54.8M | ||
| Q4 24 | $395.6M | $60.7M | ||
| Q3 24 | $953.3M | $57.3M | ||
| Q2 24 | $317.5M | $40.5M | ||
| Q1 24 | $317.3M | $39.6M |
| Q4 25 | $-530.5M | $-17.1M | ||
| Q3 25 | $225.4M | $-30.5M | ||
| Q2 25 | $-303.4M | $200.0K | ||
| Q1 25 | $-143.2M | $27.1M | ||
| Q4 24 | $-118.6M | $44.7M | ||
| Q3 24 | $427.0M | $43.8M | ||
| Q2 24 | $-360.0M | $13.7M | ||
| Q1 24 | $-301.3M | $-4.3M |
| Q4 25 | -41.1% | -2.1% | ||
| Q3 25 | 12.8% | -4.1% | ||
| Q2 25 | -22.4% | 0.0% | ||
| Q1 25 | -11.1% | 4.2% | ||
| Q4 24 | -9.7% | 7.2% | ||
| Q3 24 | 23.9% | 6.7% | ||
| Q2 24 | -25.6% | 2.1% | ||
| Q1 24 | -23.5% | -0.7% |
| Q4 25 | 66.9% | 5.2% | ||
| Q3 25 | 40.4% | 4.3% | ||
| Q2 25 | 46.3% | 4.0% | ||
| Q1 25 | 45.8% | 4.3% | ||
| Q4 24 | 41.9% | 2.6% | ||
| Q3 24 | 29.4% | 2.1% | ||
| Q2 24 | 48.1% | 4.1% | ||
| Q1 24 | 48.3% | 7.3% |
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.97× | 0.03× | ||
| Q2 25 | 1.89× | 0.54× | ||
| Q1 25 | 3.60× | 1.10× | ||
| Q4 24 | 5.06× | 1.48× | ||
| Q3 24 | 2.05× | 1.24× | ||
| Q2 24 | 1.53× | 0.86× | ||
| Q1 24 | 2.59× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 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% |
