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Side-by-side financial comparison of Graham Holdings Co (GHC) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $805.0M, roughly 1.6× MODINE MANUFACTURING CO). Graham Holdings Co runs the higher net margin — 8.7% vs -5.9%, a 14.6% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 0.4%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 4.2%).
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
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...
GHC vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $805.0M |
| Net Profit | $108.7M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 3.8% | 11.1% |
| Net Margin | 8.7% | -5.9% |
| Revenue YoY | 0.4% | 30.5% |
| Net Profit YoY | -80.2% | -215.6% |
| EPS (diluted) | $24.76 | $-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 | $1.3B | $738.9M | ||
| Q2 25 | $1.2B | $682.8M | ||
| Q1 25 | $1.2B | $647.2M | ||
| Q4 24 | $1.2B | $616.8M | ||
| Q3 24 | $1.2B | $658.0M | ||
| Q2 24 | $1.2B | $661.5M | ||
| Q1 24 | $1.2B | $603.5M |
| Q4 25 | $108.7M | $-47.4M | ||
| Q3 25 | $122.9M | $44.4M | ||
| Q2 25 | $36.7M | $51.2M | ||
| Q1 25 | $23.9M | $49.6M | ||
| Q4 24 | $548.8M | $41.0M | ||
| Q3 24 | $72.5M | $46.1M | ||
| Q2 24 | $-21.0M | $47.3M | ||
| Q1 24 | $124.4M | $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 | 3.8% | 11.1% | ||
| Q3 25 | 5.2% | 9.9% | ||
| Q2 25 | 6.0% | 11.1% | ||
| Q1 25 | 4.1% | 11.5% | ||
| Q4 24 | 5.8% | 9.6% | ||
| Q3 24 | 6.8% | 11.4% | ||
| Q2 24 | 2.2% | 11.2% | ||
| Q1 24 | 3.1% | 7.8% |
| Q4 25 | 8.7% | -5.9% | ||
| Q3 25 | 9.6% | 6.0% | ||
| Q2 25 | 3.0% | 7.5% | ||
| Q1 25 | 2.0% | 7.7% | ||
| Q4 24 | 44.1% | 6.6% | ||
| Q3 24 | 6.0% | 7.0% | ||
| Q2 24 | -1.8% | 7.2% | ||
| Q1 24 | 10.8% | 4.3% |
| Q4 25 | $24.76 | $-0.90 | ||
| Q3 25 | $27.91 | $0.83 | ||
| Q2 25 | $8.35 | $0.95 | ||
| Q1 25 | $5.45 | $0.92 | ||
| Q4 24 | $124.05 | $0.76 | ||
| Q3 24 | $16.42 | $0.86 | ||
| Q2 24 | $-4.79 | $0.88 | ||
| Q1 24 | $27.72 | $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 | $267.0M | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $4.8B | $1.1B |
| Total Assets | $8.4B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | $98.7M | ||
| Q3 25 | $190.8M | $83.8M | ||
| Q2 25 | $176.2M | $124.5M | ||
| Q1 25 | $156.7M | $71.6M | ||
| Q4 24 | $260.9M | $83.8M | ||
| Q3 24 | $244.4M | $78.6M | ||
| Q2 24 | $140.7M | $72.9M | ||
| Q1 24 | $130.9M | $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 | $4.8B | $1.1B | ||
| Q3 25 | $4.5B | $1.1B | ||
| Q2 25 | $4.4B | $1.0B | ||
| Q1 25 | $4.3B | $910.2M | ||
| Q4 24 | $4.3B | $855.1M | ||
| Q3 24 | $4.0B | $858.8M | ||
| Q2 24 | $4.0B | $788.4M | ||
| Q1 24 | $4.0B | $747.6M |
| Q4 25 | $8.4B | $2.5B | ||
| Q3 25 | $7.9B | $2.4B | ||
| Q2 25 | $7.6B | $2.2B | ||
| Q1 25 | $7.6B | $1.9B | ||
| Q4 24 | $7.7B | $1.8B | ||
| Q3 24 | $7.4B | $1.9B | ||
| Q2 24 | $7.2B | $1.9B | ||
| Q1 24 | $7.3B | $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 | $28.3M | $24.7M |
| Free Cash FlowOCF − Capex | $5.0M | $-17.1M |
| FCF MarginFCF / Revenue | 0.4% | -2.1% |
| Capex IntensityCapex / Revenue | 1.9% | 5.2% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.3M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.3M | $24.7M | ||
| Q3 25 | $178.1M | $1.4M | ||
| Q2 25 | $94.8M | $27.7M | ||
| Q1 25 | $46.0M | $54.8M | ||
| Q4 24 | $116.3M | $60.7M | ||
| Q3 24 | $237.6M | $57.3M | ||
| Q2 24 | $52.0M | $40.5M | ||
| Q1 24 | $1.1M | $39.6M |
| Q4 25 | $5.0M | $-17.1M | ||
| Q3 25 | $161.8M | $-30.5M | ||
| Q2 25 | $78.0M | $200.0K | ||
| Q1 25 | $30.5M | $27.1M | ||
| Q4 24 | $91.1M | $44.7M | ||
| Q3 24 | $219.4M | $43.8M | ||
| Q2 24 | $33.7M | $13.7M | ||
| Q1 24 | $-20.2M | $-4.3M |
| Q4 25 | 0.4% | -2.1% | ||
| Q3 25 | 12.6% | -4.1% | ||
| Q2 25 | 6.4% | 0.0% | ||
| Q1 25 | 2.6% | 4.2% | ||
| Q4 24 | 7.3% | 7.2% | ||
| Q3 24 | 18.2% | 6.7% | ||
| Q2 24 | 2.8% | 2.1% | ||
| Q1 24 | -1.8% | -0.7% |
| Q4 25 | 1.9% | 5.2% | ||
| Q3 25 | 1.3% | 4.3% | ||
| Q2 25 | 1.4% | 4.0% | ||
| Q1 25 | 1.3% | 4.3% | ||
| Q4 24 | 2.0% | 2.6% | ||
| Q3 24 | 1.5% | 2.1% | ||
| Q2 24 | 1.5% | 4.1% | ||
| Q1 24 | 1.8% | 7.3% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 1.45× | 0.03× | ||
| Q2 25 | 2.58× | 0.54× | ||
| Q1 25 | 1.93× | 1.10× | ||
| Q4 24 | 0.21× | 1.48× | ||
| Q3 24 | 3.28× | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | 0.01× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 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% |
