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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) 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 $458.6M, roughly 1.8× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -5.9%, a 21.7% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 30.5%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 7.5%).
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
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...
HCC vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $805.0M |
| Net Profit | $72.3M | $-47.4M |
| Gross Margin | 36.7% | 23.1% |
| Operating Margin | 17.3% | 11.1% |
| Net Margin | 15.8% | -5.9% |
| Revenue YoY | 52.1% | 30.5% |
| Net Profit YoY | — | -215.6% |
| EPS (diluted) | $1.37 | $-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 | $458.6M | — | ||
| Q4 25 | $384.0M | $805.0M | ||
| Q3 25 | $328.6M | $738.9M | ||
| Q2 25 | $297.5M | $682.8M | ||
| Q1 25 | $299.9M | $647.2M | ||
| Q4 24 | $297.5M | $616.8M | ||
| Q3 24 | $327.7M | $658.0M | ||
| Q2 24 | $396.5M | $661.5M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $-47.4M | ||
| Q3 25 | $36.6M | $44.4M | ||
| Q2 25 | $5.6M | $51.2M | ||
| Q1 25 | $-8.2M | $49.6M | ||
| Q4 24 | $1.1M | $41.0M | ||
| Q3 24 | $41.8M | $46.1M | ||
| Q2 24 | $70.7M | $47.3M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 23.1% | ||
| Q3 25 | 27.1% | 22.3% | ||
| Q2 25 | 23.9% | 24.2% | ||
| Q1 25 | 18.1% | 25.6% | ||
| Q4 24 | 23.1% | 24.3% | ||
| Q3 24 | 29.3% | 25.2% | ||
| Q2 24 | 34.1% | 24.6% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 11.1% | ||
| Q3 25 | 6.3% | 9.9% | ||
| Q2 25 | 2.6% | 11.1% | ||
| Q1 25 | -5.8% | 11.5% | ||
| Q4 24 | -1.4% | 9.6% | ||
| Q3 24 | 11.9% | 11.4% | ||
| Q2 24 | 17.9% | 11.2% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | -5.9% | ||
| Q3 25 | 11.1% | 6.0% | ||
| Q2 25 | 1.9% | 7.5% | ||
| Q1 25 | -2.7% | 7.7% | ||
| Q4 24 | 0.4% | 6.6% | ||
| Q3 24 | 12.7% | 7.0% | ||
| Q2 24 | 17.8% | 7.2% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $-0.90 | ||
| Q3 25 | $0.70 | $0.83 | ||
| Q2 25 | $0.11 | $0.95 | ||
| Q1 25 | $-0.16 | $0.92 | ||
| Q4 24 | $0.02 | $0.76 | ||
| Q3 24 | $0.80 | $0.86 | ||
| Q2 24 | $1.35 | $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 | $233.2M | $98.7M |
| Total DebtLower is stronger | $154.4M | $570.7M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | $2.8B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $98.7M | ||
| Q3 25 | $336.3M | $83.8M | ||
| Q2 25 | $383.3M | $124.5M | ||
| Q1 25 | $454.9M | $71.6M | ||
| Q4 24 | $491.5M | $83.8M | ||
| Q3 24 | $583.2M | $78.6M | ||
| Q2 24 | $709.0M | $72.9M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $570.7M | ||
| Q3 25 | $154.1M | $525.8M | ||
| Q2 25 | $153.9M | $482.1M | ||
| Q1 25 | $153.8M | $296.7M | ||
| Q4 24 | $153.6M | $330.0M | ||
| Q3 24 | $153.5M | $359.1M | ||
| Q2 24 | $153.3M | $405.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $910.2M | ||
| Q4 24 | $2.1B | $855.1M | ||
| Q3 24 | $2.1B | $858.8M | ||
| Q2 24 | $2.0B | $788.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.4B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.51× | ||
| Q3 25 | 0.07× | 0.50× | ||
| Q2 25 | 0.07× | 0.48× | ||
| Q1 25 | 0.07× | 0.33× | ||
| Q4 24 | 0.07× | 0.39× | ||
| Q3 24 | 0.07× | 0.42× | ||
| Q2 24 | 0.07× | 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 | $76.1M | $24.7M | ||
| Q3 25 | $104.7M | $1.4M | ||
| Q2 25 | $37.5M | $27.7M | ||
| Q1 25 | $10.9M | $54.8M | ||
| Q4 24 | $54.2M | $60.7M | ||
| Q3 24 | $62.2M | $57.3M | ||
| Q2 24 | $147.0M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | 0.03× | ||
| Q2 25 | 6.70× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 47.68× | 1.48× | ||
| Q3 24 | 1.49× | 1.24× | ||
| Q2 24 | 2.08× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
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% |
