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Side-by-side financial comparison of EXELIXIS, INC. (EXEL) 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 $598.7M, roughly 1.3× EXELIXIS, INC.). EXELIXIS, INC. runs the higher net margin — 40.8% vs -5.9%, a 46.7% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 5.6%). EXELIXIS, INC. produced more free cash flow last quarter ($332.4M vs $-17.1M). Over the past eight quarters, EXELIXIS, INC.'s revenue compounded faster (18.7% CAGR vs 15.5%).
Exelixis, Inc. is a genomics-based drug discovery company located in Alameda, California, and the producer of Cometriq, a treatment approved by the U.S. Food and Drug Administration (FDA) for medullary thyroid cancer with clinical activity in several other types of metastatic cancer.
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...
EXEL vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.7M | $805.0M |
| Net Profit | $244.5M | $-47.4M |
| Gross Margin | 95.6% | 23.1% |
| Operating Margin | 39.3% | 11.1% |
| Net Margin | 40.8% | -5.9% |
| Revenue YoY | 5.6% | 30.5% |
| Net Profit YoY | 74.8% | -215.6% |
| EPS (diluted) | $0.89 | $-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 | $598.7M | — | ||
| Q4 25 | $597.8M | $805.0M | ||
| Q3 25 | $568.3M | $738.9M | ||
| Q2 25 | $555.4M | $682.8M | ||
| Q1 25 | $566.8M | $647.2M | ||
| Q4 24 | — | $616.8M | ||
| Q3 24 | $539.5M | $658.0M | ||
| Q2 24 | $637.2M | $661.5M |
| Q1 26 | $244.5M | — | ||
| Q4 25 | $193.6M | $-47.4M | ||
| Q3 25 | $184.8M | $44.4M | ||
| Q2 25 | $159.6M | $51.2M | ||
| Q1 25 | $139.9M | $49.6M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | $118.0M | $46.1M | ||
| Q2 24 | $226.1M | $47.3M |
| Q1 26 | 95.6% | — | ||
| Q4 25 | 96.9% | 23.1% | ||
| Q3 25 | 96.6% | 22.3% | ||
| Q2 25 | 96.5% | 24.2% | ||
| Q1 25 | 96.5% | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | 96.8% | 25.2% | ||
| Q2 24 | 97.2% | 24.6% |
| Q1 26 | 39.3% | — | ||
| Q4 25 | 39.6% | 11.1% | ||
| Q3 25 | 37.6% | 9.9% | ||
| Q2 25 | 33.6% | 11.1% | ||
| Q1 25 | 28.8% | 11.5% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 25.2% | 11.4% | ||
| Q2 24 | 43.3% | 11.2% |
| Q1 26 | 40.8% | — | ||
| Q4 25 | 32.4% | -5.9% | ||
| Q3 25 | 32.5% | 6.0% | ||
| Q2 25 | 28.7% | 7.5% | ||
| Q1 25 | 24.7% | 7.7% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 21.9% | 7.0% | ||
| Q2 24 | 35.5% | 7.2% |
| Q1 26 | $0.89 | — | ||
| Q4 25 | $0.69 | $-0.90 | ||
| Q3 25 | $0.65 | $0.83 | ||
| Q2 25 | $0.55 | $0.95 | ||
| Q1 25 | $0.47 | $0.92 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | $0.40 | $0.86 | ||
| Q2 24 | $0.77 | $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 | $1.1B | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $2.2B | $1.1B |
| Total Assets | $2.8B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $988.5M | $98.7M | ||
| Q3 25 | $791.1M | $83.8M | ||
| Q2 25 | $1.0B | $124.5M | ||
| Q1 25 | $1.1B | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | $1.2B | $78.6M | ||
| Q2 24 | $1.0B | $72.9M |
| Q1 26 | — | — | ||
| 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 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.2B | $910.2M | ||
| Q4 24 | — | $855.1M | ||
| Q3 24 | $2.3B | $858.8M | ||
| Q2 24 | $2.1B | $788.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.4B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.8B | $1.9B |
| Q1 26 | — | — | ||
| 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× |
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 | $333.5M | $24.7M |
| Free Cash FlowOCF − Capex | $332.4M | $-17.1M |
| FCF MarginFCF / Revenue | 55.5% | -2.1% |
| Capex IntensityCapex / Revenue | 0.2% | 5.2% |
| Cash ConversionOCF / Net Profit | 1.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $875.8M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $333.5M | — | ||
| Q4 25 | $290.3M | $24.7M | ||
| Q3 25 | $49.0M | $1.4M | ||
| Q2 25 | $211.4M | $27.7M | ||
| Q1 25 | $240.3M | $54.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | $271.3M | $57.3M | ||
| Q2 24 | $119.5M | $40.5M |
| Q1 26 | $332.4M | — | ||
| Q4 25 | $288.8M | $-17.1M | ||
| Q3 25 | $46.2M | $-30.5M | ||
| Q2 25 | $208.5M | $200.0K | ||
| Q1 25 | $236.3M | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | $263.1M | $43.8M | ||
| Q2 24 | $113.0M | $13.7M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 48.3% | -2.1% | ||
| Q3 25 | 8.1% | -4.1% | ||
| Q2 25 | 37.5% | 0.0% | ||
| Q1 25 | 41.7% | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 48.8% | 6.7% | ||
| Q2 24 | 17.7% | 2.1% |
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 5.2% | ||
| Q3 25 | 0.5% | 4.3% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 0.7% | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 1.5% | 2.1% | ||
| Q2 24 | 1.0% | 4.1% |
| Q1 26 | 1.36× | — | ||
| Q4 25 | 1.50× | — | ||
| Q3 25 | 0.27× | 0.03× | ||
| Q2 25 | 1.32× | 0.54× | ||
| Q1 25 | 1.72× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 2.30× | 1.24× | ||
| Q2 24 | 0.53× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXEL
| Cabometyx | $544.7M | 91% |
| Collaboration | $52.1M | 9% |
| Collaborative Arrangementwith Takeda | $5.9M | 1% |
| Cometriq | $1.8M | 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% |
