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Side-by-side financial comparison of HALOZYME THERAPEUTICS, INC. (HALO) 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 $451.8M, roughly 1.8× HALOZYME THERAPEUTICS, INC.). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -31.3%, a 25.5% gap on every dollar of revenue. On growth, HALOZYME THERAPEUTICS, INC. posted the faster year-over-year revenue change (51.6% vs 30.5%). HALOZYME THERAPEUTICS, INC. produced more free cash flow last quarter ($217.6M vs $-17.1M). Over the past eight quarters, HALOZYME THERAPEUTICS, INC.'s revenue compounded faster (51.9% CAGR vs 15.5%).
Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.
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...
HALO vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $451.8M | $805.0M |
| Net Profit | $-141.6M | $-47.4M |
| Gross Margin | 82.6% | 23.1% |
| Operating Margin | -20.6% | 11.1% |
| Net Margin | -31.3% | -5.9% |
| Revenue YoY | 51.6% | 30.5% |
| Net Profit YoY | -203.3% | -215.6% |
| EPS (diluted) | $-1.13 | $-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 | $451.8M | $805.0M | ||
| Q3 25 | $354.3M | $738.9M | ||
| Q2 25 | $325.7M | $682.8M | ||
| Q1 25 | $264.9M | $647.2M | ||
| Q4 24 | $298.0M | $616.8M | ||
| Q3 24 | $290.1M | $658.0M | ||
| Q2 24 | $231.4M | $661.5M | ||
| Q1 24 | $195.9M | $603.5M |
| Q4 25 | $-141.6M | $-47.4M | ||
| Q3 25 | $175.2M | $44.4M | ||
| Q2 25 | $165.2M | $51.2M | ||
| Q1 25 | $118.1M | $49.6M | ||
| Q4 24 | $137.0M | $41.0M | ||
| Q3 24 | $137.0M | $46.1M | ||
| Q2 24 | $93.2M | $47.3M | ||
| Q1 24 | $76.8M | $25.8M |
| Q4 25 | 82.6% | 23.1% | ||
| Q3 25 | 84.4% | 22.3% | ||
| Q2 25 | 85.8% | 24.2% | ||
| Q1 25 | 81.7% | 25.6% | ||
| Q4 24 | 85.9% | 24.3% | ||
| Q3 24 | 83.0% | 25.2% | ||
| Q2 24 | 82.9% | 24.6% | ||
| Q1 24 | 85.5% | 22.4% |
| Q4 25 | -20.6% | 11.1% | ||
| Q3 25 | 61.5% | 9.9% | ||
| Q2 25 | 62.2% | 11.1% | ||
| Q1 25 | 53.4% | 11.5% | ||
| Q4 24 | 58.9% | 9.6% | ||
| Q3 24 | 56.3% | 11.4% | ||
| Q2 24 | 50.7% | 11.2% | ||
| Q1 24 | 48.8% | 7.8% |
| Q4 25 | -31.3% | -5.9% | ||
| Q3 25 | 49.5% | 6.0% | ||
| Q2 25 | 50.7% | 7.5% | ||
| Q1 25 | 44.6% | 7.7% | ||
| Q4 24 | 46.0% | 6.6% | ||
| Q3 24 | 47.2% | 7.0% | ||
| Q2 24 | 40.3% | 7.2% | ||
| Q1 24 | 39.2% | 4.3% |
| Q4 25 | $-1.13 | $-0.90 | ||
| Q3 25 | $1.43 | $0.83 | ||
| Q2 25 | $1.33 | $0.95 | ||
| Q1 25 | $0.93 | $0.92 | ||
| Q4 24 | $1.06 | $0.76 | ||
| Q3 24 | $1.05 | $0.86 | ||
| Q2 24 | $0.72 | $0.88 | ||
| Q1 24 | $0.60 | $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 | $133.8M | $98.7M |
| Total DebtLower is stronger | $2.1B | $570.7M |
| Stockholders' EquityBook value | $48.8M | $1.1B |
| Total Assets | $2.5B | $2.5B |
| Debt / EquityLower = less leverage | 43.89× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.8M | $98.7M | ||
| Q3 25 | $419.7M | $83.8M | ||
| Q2 25 | $61.9M | $124.5M | ||
| Q1 25 | $176.3M | $71.6M | ||
| Q4 24 | $115.8M | $83.8M | ||
| Q3 24 | $154.3M | $78.6M | ||
| Q2 24 | $187.9M | $72.9M | ||
| Q1 24 | $164.6M | $60.1M |
| Q4 25 | $2.1B | $570.7M | ||
| Q3 25 | $1.5B | $525.8M | ||
| Q2 25 | $1.5B | $482.1M | ||
| Q1 25 | $1.5B | $296.7M | ||
| Q4 24 | $1.5B | $330.0M | ||
| Q3 24 | $1.5B | $359.1M | ||
| Q2 24 | $1.5B | $405.7M | ||
| Q1 24 | $1.5B | $399.9M |
| Q4 25 | $48.8M | $1.1B | ||
| Q3 25 | $503.9M | $1.1B | ||
| Q2 25 | $332.7M | $1.0B | ||
| Q1 25 | $482.3M | $910.2M | ||
| Q4 24 | $363.8M | $855.1M | ||
| Q3 24 | $452.7M | $858.8M | ||
| Q2 24 | $289.4M | $788.4M | ||
| Q1 24 | $177.8M | $747.6M |
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.2B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $1.8B | $1.9B |
| Q4 25 | 43.89× | 0.51× | ||
| Q3 25 | 3.00× | 0.50× | ||
| Q2 25 | 4.54× | 0.48× | ||
| Q1 25 | 3.13× | 0.33× | ||
| Q4 24 | 4.14× | 0.39× | ||
| Q3 24 | 3.32× | 0.42× | ||
| Q2 24 | 5.19× | 0.51× | ||
| Q1 24 | 8.44× | 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 | $219.0M | $24.7M |
| Free Cash FlowOCF − Capex | $217.6M | $-17.1M |
| FCF MarginFCF / Revenue | 48.2% | -2.1% |
| Capex IntensityCapex / Revenue | 0.3% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $644.6M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $219.0M | $24.7M | ||
| Q3 25 | $178.6M | $1.4M | ||
| Q2 25 | $99.7M | $27.7M | ||
| Q1 25 | $154.2M | $54.8M | ||
| Q4 24 | $178.5M | $60.7M | ||
| Q3 24 | $115.4M | $57.3M | ||
| Q2 24 | $55.8M | $40.5M | ||
| Q1 24 | $129.4M | $39.6M |
| Q4 25 | $217.6M | $-17.1M | ||
| Q3 25 | $175.6M | $-30.5M | ||
| Q2 25 | $98.1M | $200.0K | ||
| Q1 25 | $153.3M | $27.1M | ||
| Q4 24 | $175.4M | $44.7M | ||
| Q3 24 | $113.9M | $43.8M | ||
| Q2 24 | $53.2M | $13.7M | ||
| Q1 24 | $125.9M | $-4.3M |
| Q4 25 | 48.2% | -2.1% | ||
| Q3 25 | 49.6% | -4.1% | ||
| Q2 25 | 30.1% | 0.0% | ||
| Q1 25 | 57.9% | 4.2% | ||
| Q4 24 | 58.9% | 7.2% | ||
| Q3 24 | 39.3% | 6.7% | ||
| Q2 24 | 23.0% | 2.1% | ||
| Q1 24 | 64.3% | -0.7% |
| Q4 25 | 0.3% | 5.2% | ||
| Q3 25 | 0.9% | 4.3% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 0.4% | 4.3% | ||
| Q4 24 | 1.0% | 2.6% | ||
| Q3 24 | 0.5% | 2.1% | ||
| Q2 24 | 1.1% | 4.1% | ||
| Q1 24 | 1.8% | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | 1.02× | 0.03× | ||
| Q2 25 | 0.60× | 0.54× | ||
| Q1 25 | 1.31× | 1.10× | ||
| Q4 24 | 1.30× | 1.48× | ||
| Q3 24 | 0.84× | 1.24× | ||
| Q2 24 | 0.60× | 0.86× | ||
| Q1 24 | 1.68× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HALO
| Royalty | $258.0M | 57% |
| Products | $122.7M | 27% |
| Proprietary Products Sales | $59.6M | 13% |
| Device Partnered Products | $12.9M | 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% |
