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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $805.0M, roughly 1.5× MODINE MANUFACTURING CO). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -18.5%, a 12.6% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 10.7%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 8.3%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
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...
GO vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $805.0M |
| Net Profit | $-224.9M | $-47.4M |
| Gross Margin | 29.7% | 23.1% |
| Operating Margin | — | 11.1% |
| Net Margin | -18.5% | -5.9% |
| Revenue YoY | 10.7% | 30.5% |
| Net Profit YoY | -669.9% | -215.6% |
| EPS (diluted) | $-2.22 | $-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 | $1.2B | — | ||
| Q4 25 | — | $805.0M | ||
| Q3 25 | $1.2B | $738.9M | ||
| Q2 25 | $1.2B | $682.8M | ||
| Q1 25 | $1.1B | $647.2M | ||
| Q4 24 | $1.1B | $616.8M | ||
| Q3 24 | $1.1B | $658.0M | ||
| Q2 24 | $1.1B | $661.5M |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $-47.4M | ||
| Q3 25 | $11.6M | $44.4M | ||
| Q2 25 | $5.0M | $51.2M | ||
| Q1 25 | $-23.3M | $49.6M | ||
| Q4 24 | $2.3M | $41.0M | ||
| Q3 24 | $24.2M | $46.1M | ||
| Q2 24 | $14.0M | $47.3M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | 30.4% | 22.3% | ||
| Q2 25 | 30.6% | 24.2% | ||
| Q1 25 | 30.4% | 25.6% | ||
| Q4 24 | 29.5% | 24.3% | ||
| Q3 24 | 31.1% | 25.2% | ||
| Q2 24 | 30.9% | 24.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.1% | ||
| Q3 25 | 2.0% | 9.9% | ||
| Q2 25 | 1.1% | 11.1% | ||
| Q1 25 | -2.0% | 11.5% | ||
| Q4 24 | 1.0% | 9.6% | ||
| Q3 24 | 3.6% | 11.4% | ||
| Q2 24 | 2.3% | 11.2% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | -5.9% | ||
| Q3 25 | 1.0% | 6.0% | ||
| Q2 25 | 0.4% | 7.5% | ||
| Q1 25 | -2.1% | 7.7% | ||
| Q4 24 | 0.2% | 6.6% | ||
| Q3 24 | 2.2% | 7.0% | ||
| Q2 24 | 1.2% | 7.2% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $-0.90 | ||
| Q3 25 | $0.12 | $0.83 | ||
| Q2 25 | $0.05 | $0.95 | ||
| Q1 25 | $-0.24 | $0.92 | ||
| Q4 24 | $0.03 | $0.76 | ||
| Q3 24 | $0.24 | $0.86 | ||
| Q2 24 | $0.14 | $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 | $69.6M | $98.7M |
| Total DebtLower is stronger | $15.0M | $570.7M |
| Stockholders' EquityBook value | $983.7M | $1.1B |
| Total Assets | $3.1B | $2.5B |
| Debt / EquityLower = less leverage | 0.02× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | $52.1M | $83.8M | ||
| Q2 25 | $55.2M | $124.5M | ||
| Q1 25 | $50.9M | $71.6M | ||
| Q4 24 | $62.8M | $83.8M | ||
| Q3 24 | $68.7M | $78.6M | ||
| Q2 24 | $67.1M | $72.9M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | $500.3M | $525.8M | ||
| Q2 25 | $473.9M | $482.1M | ||
| Q1 25 | $475.7M | $296.7M | ||
| Q4 24 | $477.5M | $330.0M | ||
| Q3 24 | $429.3M | $359.1M | ||
| Q2 24 | $379.2M | $405.7M |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $910.2M | ||
| Q4 24 | $1.2B | $855.1M | ||
| Q3 24 | $1.2B | $858.8M | ||
| Q2 24 | $1.2B | $788.4M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $3.4B | $2.4B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.3B | $1.9B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $1.9B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | 0.42× | 0.50× | ||
| Q2 25 | 0.40× | 0.48× | ||
| Q1 25 | 0.40× | 0.33× | ||
| Q4 24 | 0.40× | 0.39× | ||
| Q3 24 | 0.35× | 0.42× | ||
| Q2 24 | 0.31× | 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 | $222.1M | $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 | $222.1M | — | ||
| Q4 25 | — | $24.7M | ||
| Q3 25 | $17.3M | $1.4M | ||
| Q2 25 | $73.6M | $27.7M | ||
| Q1 25 | $58.9M | $54.8M | ||
| Q4 24 | $39.5M | $60.7M | ||
| Q3 24 | $23.0M | $57.3M | ||
| Q2 24 | $41.6M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $-21.6M | $-30.5M | ||
| Q2 25 | $14.4M | $200.0K | ||
| Q1 25 | $-1.5M | $27.1M | ||
| Q4 24 | $-19.6M | $44.7M | ||
| Q3 24 | $-19.3M | $43.8M | ||
| Q2 24 | $2.7M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | -1.8% | -4.1% | ||
| Q2 25 | 1.2% | 0.0% | ||
| Q1 25 | -0.1% | 4.2% | ||
| Q4 24 | -1.8% | 7.2% | ||
| Q3 24 | -1.7% | 6.7% | ||
| Q2 24 | 0.2% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 3.3% | 4.3% | ||
| Q2 25 | 5.0% | 4.0% | ||
| Q1 25 | 5.4% | 4.3% | ||
| Q4 24 | 5.4% | 2.6% | ||
| Q3 24 | 3.8% | 2.1% | ||
| Q2 24 | 3.4% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.49× | 0.03× | ||
| Q2 25 | 14.84× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 17.09× | 1.48× | ||
| Q3 24 | 0.95× | 1.24× | ||
| Q2 24 | 2.97× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
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% |
