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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $805.0M, roughly 1.1× MODINE MANUFACTURING CO). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -5.9%, a 35.3% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 21.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $-17.1M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 15.5%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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...
FHN vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $805.0M |
| Net Profit | $261.0M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 38.5% | 11.1% |
| Net Margin | 29.4% | -5.9% |
| Revenue YoY | 21.8% | 30.5% |
| Net Profit YoY | 57.2% | -215.6% |
| EPS (diluted) | $0.51 | $-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 | $888.0M | $805.0M | ||
| Q3 25 | $889.0M | $738.9M | ||
| Q2 25 | $830.0M | $682.8M | ||
| Q1 25 | $812.0M | $647.2M | ||
| Q4 24 | $729.0M | $616.8M | ||
| Q3 24 | $827.0M | $658.0M | ||
| Q2 24 | — | $661.5M | ||
| Q1 24 | $819.0M | $603.5M |
| Q4 25 | $261.0M | $-47.4M | ||
| Q3 25 | $262.0M | $44.4M | ||
| Q2 25 | $241.0M | $51.2M | ||
| Q1 25 | $218.0M | $49.6M | ||
| Q4 24 | $166.0M | $41.0M | ||
| Q3 24 | $218.0M | $46.1M | ||
| Q2 24 | — | $47.3M | ||
| Q1 24 | $192.0M | $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 | 38.5% | 11.1% | ||
| Q3 25 | 38.7% | 9.9% | ||
| Q2 25 | 37.2% | 11.1% | ||
| Q1 25 | 35.1% | 11.5% | ||
| Q4 24 | 28.8% | 9.6% | ||
| Q3 24 | 34.0% | 11.4% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | 31.0% | 7.8% |
| Q4 25 | 29.4% | -5.9% | ||
| Q3 25 | 29.5% | 6.0% | ||
| Q2 25 | 29.0% | 7.5% | ||
| Q1 25 | 26.8% | 7.7% | ||
| Q4 24 | 22.8% | 6.6% | ||
| Q3 24 | 26.4% | 7.0% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | 23.4% | 4.3% |
| Q4 25 | $0.51 | $-0.90 | ||
| Q3 25 | $0.50 | $0.83 | ||
| Q2 25 | $0.45 | $0.95 | ||
| Q1 25 | $0.41 | $0.92 | ||
| Q4 24 | $0.29 | $0.76 | ||
| Q3 24 | $0.40 | $0.86 | ||
| Q2 24 | — | $0.88 | ||
| Q1 24 | $0.33 | $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 | — | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $8.8B | $1.1B |
| Total Assets | $83.9B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M | ||
| Q1 24 | — | $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 | $8.8B | $1.1B | ||
| Q3 25 | $8.9B | $1.1B | ||
| Q2 25 | $9.0B | $1.0B | ||
| Q1 25 | $8.7B | $910.2M | ||
| Q4 24 | $8.8B | $855.1M | ||
| Q3 24 | $9.0B | $858.8M | ||
| Q2 24 | — | $788.4M | ||
| Q1 24 | $8.9B | $747.6M |
| Q4 25 | $83.9B | $2.5B | ||
| Q3 25 | $83.2B | $2.4B | ||
| Q2 25 | $82.1B | $2.2B | ||
| Q1 25 | $81.5B | $1.9B | ||
| Q4 24 | $82.2B | $1.8B | ||
| Q3 24 | $82.6B | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | $81.8B | $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 | $396.0M | $24.7M |
| Free Cash FlowOCF − Capex | $389.0M | $-17.1M |
| FCF MarginFCF / Revenue | 43.8% | -2.1% |
| Capex IntensityCapex / Revenue | 0.8% | 5.2% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $24.7M | ||
| Q3 25 | $-200.0M | $1.4M | ||
| Q2 25 | $83.0M | $27.7M | ||
| Q1 25 | $349.0M | $54.8M | ||
| Q4 24 | $191.0M | $60.7M | ||
| Q3 24 | $389.0M | $57.3M | ||
| Q2 24 | — | $40.5M | ||
| Q1 24 | $838.0M | $39.6M |
| Q4 25 | $389.0M | $-17.1M | ||
| Q3 25 | $-208.0M | $-30.5M | ||
| Q2 25 | $74.0M | $200.0K | ||
| Q1 25 | $340.0M | $27.1M | ||
| Q4 24 | $174.0M | $44.7M | ||
| Q3 24 | $383.0M | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | $828.0M | $-4.3M |
| Q4 25 | 43.8% | -2.1% | ||
| Q3 25 | -23.4% | -4.1% | ||
| Q2 25 | 8.9% | 0.0% | ||
| Q1 25 | 41.9% | 4.2% | ||
| Q4 24 | 23.9% | 7.2% | ||
| Q3 24 | 46.3% | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | 101.1% | -0.7% |
| Q4 25 | 0.8% | 5.2% | ||
| Q3 25 | 0.9% | 4.3% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 1.1% | 4.3% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 0.7% | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | 1.2% | 7.3% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 0.03× | ||
| Q2 25 | 0.34× | 0.54× | ||
| Q1 25 | 1.60× | 1.10× | ||
| Q4 24 | 1.15× | 1.48× | ||
| Q3 24 | 1.78× | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | 4.36× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
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% |
