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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) 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 $479.0M, roughly 1.7× FEDERATED HERMES, INC.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs -5.9%, a 26.0% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -0.8%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 9.1%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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...
FHI vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $805.0M |
| Net Profit | $96.4M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 26.4% | 11.1% |
| Net Margin | 20.1% | -5.9% |
| Revenue YoY | -0.8% | 30.5% |
| Net Profit YoY | — | -215.6% |
| EPS (diluted) | — | $-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 | $479.0M | — | ||
| Q4 25 | $482.8M | $805.0M | ||
| Q3 25 | $469.4M | $738.9M | ||
| Q2 25 | $424.8M | $682.8M | ||
| Q1 25 | $423.5M | $647.2M | ||
| Q4 24 | $424.7M | $616.8M | ||
| Q3 24 | $408.5M | $658.0M | ||
| Q2 24 | $402.6M | $661.5M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $-47.4M | ||
| Q3 25 | $104.1M | $44.4M | ||
| Q2 25 | $91.0M | $51.2M | ||
| Q1 25 | $101.1M | $49.6M | ||
| Q4 24 | $84.7M | $41.0M | ||
| Q3 24 | $87.5M | $46.1M | ||
| Q2 24 | $21.0M | $47.3M |
| Q1 26 | — | — | ||
| 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 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 11.1% | ||
| Q3 25 | 27.6% | 9.9% | ||
| Q2 25 | 27.6% | 11.1% | ||
| Q1 25 | 31.1% | 11.5% | ||
| Q4 24 | 26.0% | 9.6% | ||
| Q3 24 | 27.4% | 11.4% | ||
| Q2 24 | 10.1% | 11.2% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | -5.9% | ||
| Q3 25 | 22.2% | 6.0% | ||
| Q2 25 | 21.4% | 7.5% | ||
| Q1 25 | 23.9% | 7.7% | ||
| Q4 24 | 19.9% | 6.6% | ||
| Q3 24 | 21.4% | 7.0% | ||
| Q2 24 | 5.2% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $-0.90 | ||
| Q3 25 | $1.34 | $0.83 | ||
| Q2 25 | $1.16 | $0.95 | ||
| Q1 25 | $1.25 | $0.92 | ||
| Q4 24 | $1.08 | $0.76 | ||
| Q3 24 | $1.06 | $0.86 | ||
| Q2 24 | $0.20 | $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 | — | $98.7M |
| Total DebtLower is stronger | $348.4M | $570.7M |
| Stockholders' EquityBook value | $100.8B | $1.1B |
| Total Assets | $2.1B | $2.5B |
| Debt / EquityLower = less leverage | 0.00× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $98.7M | ||
| Q3 25 | $506.3M | $83.8M | ||
| Q2 25 | $371.0M | $124.5M | ||
| Q1 25 | $387.6M | $71.6M | ||
| Q4 24 | $504.4M | $83.8M | ||
| Q3 24 | $375.0M | $78.6M | ||
| Q2 24 | $307.4M | $72.9M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $570.7M | ||
| Q3 25 | $348.3M | $525.8M | ||
| Q2 25 | $348.2M | $482.1M | ||
| Q1 25 | $348.2M | $296.7M | ||
| Q4 24 | $348.1M | $330.0M | ||
| Q3 24 | $348.0M | $359.1M | ||
| Q2 24 | $348.0M | $405.7M |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $910.2M | ||
| Q4 24 | $1.1B | $855.1M | ||
| Q3 24 | $1.1B | $858.8M | ||
| Q2 24 | $1.0B | $788.4M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.9B | $1.9B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.51× | ||
| Q3 25 | 0.29× | 0.50× | ||
| Q2 25 | 0.31× | 0.48× | ||
| Q1 25 | 0.32× | 0.33× | ||
| Q4 24 | 0.32× | 0.39× | ||
| Q3 24 | 0.32× | 0.42× | ||
| Q2 24 | 0.34× | 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 | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 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 | $297.3M | $24.7M | ||
| Q3 25 | $103.1M | $1.4M | ||
| Q2 25 | $18.8M | $27.7M | ||
| Q1 25 | $14.3M | $54.8M | ||
| Q4 24 | $346.6M | $60.7M | ||
| Q3 24 | $117.1M | $57.3M | ||
| Q2 24 | $88.7M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $-17.1M | ||
| Q3 25 | $101.6M | $-30.5M | ||
| Q2 25 | $18.0M | $200.0K | ||
| Q1 25 | $13.3M | $27.1M | ||
| Q4 24 | $342.5M | $44.7M | ||
| Q3 24 | $114.1M | $43.8M | ||
| Q2 24 | $82.7M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | -2.1% | ||
| Q3 25 | 21.6% | -4.1% | ||
| Q2 25 | 4.2% | 0.0% | ||
| Q1 25 | 3.1% | 4.2% | ||
| Q4 24 | 80.7% | 7.2% | ||
| Q3 24 | 27.9% | 6.7% | ||
| Q2 24 | 20.5% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 5.2% | ||
| Q3 25 | 0.3% | 4.3% | ||
| Q2 25 | 0.2% | 4.0% | ||
| Q1 25 | 0.2% | 4.3% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 0.7% | 2.1% | ||
| Q2 24 | 1.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.99× | 0.03× | ||
| Q2 25 | 0.21× | 0.54× | ||
| Q1 25 | 0.14× | 1.10× | ||
| Q4 24 | 4.09× | 1.48× | ||
| Q3 24 | 1.34× | 1.24× | ||
| Q2 24 | 4.22× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment advisory fees, net | $319.4M | 67% |
| Administrative service fees, net-affiliates | $110.3M | 23% |
| Other | $49.3M | 10% |
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% |
