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Side-by-side financial comparison of F5, Inc. (FFIV) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $805.0M, roughly 1.0× MODINE MANUFACTURING CO). F5, Inc. runs the higher net margin — 21.9% vs -5.9%, a 27.8% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 7.3%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 9.9%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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...
FFIV vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $805.0M |
| Net Profit | $180.1M | $-47.4M |
| Gross Margin | 81.5% | 23.1% |
| Operating Margin | 26.0% | 11.1% |
| Net Margin | 21.9% | -5.9% |
| Revenue YoY | 7.3% | 30.5% |
| Net Profit YoY | 8.2% | -215.6% |
| EPS (diluted) | $3.10 | $-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 | $822.5M | $805.0M | ||
| Q3 25 | $810.1M | $738.9M | ||
| Q2 25 | $780.4M | $682.8M | ||
| Q1 25 | $731.1M | $647.2M | ||
| Q4 24 | $766.5M | $616.8M | ||
| Q3 24 | $746.7M | $658.0M | ||
| Q2 24 | $695.5M | $661.5M | ||
| Q1 24 | $681.4M | $603.5M |
| Q4 25 | $180.1M | $-47.4M | ||
| Q3 25 | $190.5M | $44.4M | ||
| Q2 25 | $189.9M | $51.2M | ||
| Q1 25 | $145.5M | $49.6M | ||
| Q4 24 | $166.4M | $41.0M | ||
| Q3 24 | $165.3M | $46.1M | ||
| Q2 24 | $144.1M | $47.3M | ||
| Q1 24 | $119.0M | $25.8M |
| Q4 25 | 81.5% | 23.1% | ||
| Q3 25 | 82.2% | 22.3% | ||
| Q2 25 | 81.0% | 24.2% | ||
| Q1 25 | 80.7% | 25.6% | ||
| Q4 24 | 81.7% | 24.3% | ||
| Q3 24 | 80.8% | 25.2% | ||
| Q2 24 | 80.4% | 24.6% | ||
| Q1 24 | 79.3% | 22.4% |
| Q4 25 | 26.0% | 11.1% | ||
| Q3 25 | 25.4% | 9.9% | ||
| Q2 25 | 25.2% | 11.1% | ||
| Q1 25 | 21.7% | 11.5% | ||
| Q4 24 | 26.8% | 9.6% | ||
| Q3 24 | 25.6% | 11.4% | ||
| Q2 24 | 23.4% | 11.2% | ||
| Q1 24 | 20.5% | 7.8% |
| Q4 25 | 21.9% | -5.9% | ||
| Q3 25 | 23.5% | 6.0% | ||
| Q2 25 | 24.3% | 7.5% | ||
| Q1 25 | 19.9% | 7.7% | ||
| Q4 24 | 21.7% | 6.6% | ||
| Q3 24 | 22.1% | 7.0% | ||
| Q2 24 | 20.7% | 7.2% | ||
| Q1 24 | 17.5% | 4.3% |
| Q4 25 | $3.10 | $-0.90 | ||
| Q3 25 | $3.25 | $0.83 | ||
| Q2 25 | $3.25 | $0.95 | ||
| Q1 25 | $2.48 | $0.92 | ||
| Q4 24 | $2.82 | $0.76 | ||
| Q3 24 | $2.79 | $0.86 | ||
| Q2 24 | $2.44 | $0.88 | ||
| Q1 24 | $2.00 | $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 | $1.2B | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $3.5B | $1.1B |
| Total Assets | $6.3B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $98.7M | ||
| Q3 25 | $1.3B | $83.8M | ||
| Q2 25 | $1.4B | $124.5M | ||
| Q1 25 | $1.3B | $71.6M | ||
| Q4 24 | $1.2B | $83.8M | ||
| Q3 24 | $1.1B | $78.6M | ||
| Q2 24 | $935.6M | $72.9M | ||
| Q1 24 | $903.5M | $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 | $3.5B | $1.1B | ||
| Q3 25 | $3.6B | $1.1B | ||
| Q2 25 | $3.5B | $1.0B | ||
| Q1 25 | $3.3B | $910.2M | ||
| Q4 24 | $3.2B | $855.1M | ||
| Q3 24 | $3.1B | $858.8M | ||
| Q2 24 | $3.0B | $788.4M | ||
| Q1 24 | $2.9B | $747.6M |
| Q4 25 | $6.3B | $2.5B | ||
| Q3 25 | $6.3B | $2.4B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $5.9B | $1.9B | ||
| Q4 24 | $5.9B | $1.8B | ||
| Q3 24 | $5.6B | $1.9B | ||
| Q2 24 | $5.4B | $1.9B | ||
| Q1 24 | $5.4B | $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 | $159.2M | $24.7M |
| Free Cash FlowOCF − Capex | $149.5M | $-17.1M |
| FCF MarginFCF / Revenue | 18.2% | -2.1% |
| Capex IntensityCapex / Revenue | 1.2% | 5.2% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $24.7M | ||
| Q3 25 | $208.1M | $1.4M | ||
| Q2 25 | $282.2M | $27.7M | ||
| Q1 25 | $256.6M | $54.8M | ||
| Q4 24 | $202.8M | $60.7M | ||
| Q3 24 | $246.5M | $57.3M | ||
| Q2 24 | $159.0M | $40.5M | ||
| Q1 24 | $221.6M | $39.6M |
| Q4 25 | $149.5M | $-17.1M | ||
| Q3 25 | $191.9M | $-30.5M | ||
| Q2 25 | $273.7M | $200.0K | ||
| Q1 25 | $246.1M | $27.1M | ||
| Q4 24 | $194.7M | $44.7M | ||
| Q3 24 | $240.4M | $43.8M | ||
| Q2 24 | $153.1M | $13.7M | ||
| Q1 24 | $212.2M | $-4.3M |
| Q4 25 | 18.2% | -2.1% | ||
| Q3 25 | 23.7% | -4.1% | ||
| Q2 25 | 35.1% | 0.0% | ||
| Q1 25 | 33.7% | 4.2% | ||
| Q4 24 | 25.4% | 7.2% | ||
| Q3 24 | 32.2% | 6.7% | ||
| Q2 24 | 22.0% | 2.1% | ||
| Q1 24 | 31.1% | -0.7% |
| Q4 25 | 1.2% | 5.2% | ||
| Q3 25 | 2.0% | 4.3% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 1.4% | 4.3% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 0.8% | 2.1% | ||
| Q2 24 | 0.8% | 4.1% | ||
| Q1 24 | 1.4% | 7.3% |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | 0.03× | ||
| Q2 25 | 1.49× | 0.54× | ||
| Q1 25 | 1.76× | 1.10× | ||
| Q4 24 | 1.22× | 1.48× | ||
| Q3 24 | 1.49× | 1.24× | ||
| Q2 24 | 1.10× | 0.86× | ||
| Q1 24 | 1.86× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
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% |
