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Side-by-side financial comparison of MARINEMAX INC (HZO) 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 $527.4M, roughly 1.5× MARINEMAX INC). On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -16.5%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs -16.6%).
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
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...
HZO vs MOD — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $527.4M | $805.0M |
| Net Profit | — | $-47.4M |
| Gross Margin | 34.4% | 23.1% |
| Operating Margin | 2.1% | 11.1% |
| Net Margin | — | -5.9% |
| Revenue YoY | -16.5% | 30.5% |
| Net Profit YoY | — | -215.6% |
| EPS (diluted) | $0.14 | $-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 | $527.4M | — | ||
| Q4 25 | $505.2M | $805.0M | ||
| Q3 25 | $552.2M | $738.9M | ||
| Q2 25 | $657.2M | $682.8M | ||
| Q1 25 | $631.5M | $647.2M | ||
| Q4 24 | $468.5M | $616.8M | ||
| Q3 24 | $563.1M | $658.0M | ||
| Q2 24 | $757.7M | $661.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $-47.4M | ||
| Q3 25 | $-851.0K | $44.4M | ||
| Q2 25 | $-52.1M | $51.2M | ||
| Q1 25 | $3.3M | $49.6M | ||
| Q4 24 | $18.1M | $41.0M | ||
| Q3 24 | $4.0M | $46.1M | ||
| Q2 24 | $31.6M | $47.3M |
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | 23.1% | ||
| Q3 25 | 34.7% | 22.3% | ||
| Q2 25 | 30.4% | 24.2% | ||
| Q1 25 | 30.0% | 25.6% | ||
| Q4 24 | 36.2% | 24.3% | ||
| Q3 24 | 34.3% | 25.2% | ||
| Q2 24 | 32.0% | 24.6% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 11.1% | ||
| Q3 25 | 2.5% | 9.9% | ||
| Q2 25 | -6.3% | 11.1% | ||
| Q1 25 | 3.6% | 11.5% | ||
| Q4 24 | 8.3% | 9.6% | ||
| Q3 24 | 4.8% | 11.4% | ||
| Q2 24 | 8.1% | 11.2% |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | -5.9% | ||
| Q3 25 | -0.2% | 6.0% | ||
| Q2 25 | -7.9% | 7.5% | ||
| Q1 25 | 0.5% | 7.7% | ||
| Q4 24 | 3.9% | 6.6% | ||
| Q3 24 | 0.7% | 7.0% | ||
| Q2 24 | 4.2% | 7.2% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $-0.90 | ||
| Q3 25 | $0.08 | $0.83 | ||
| Q2 25 | $-2.42 | $0.95 | ||
| Q1 25 | $0.14 | $0.92 | ||
| Q4 24 | $0.77 | $0.76 | ||
| Q3 24 | $0.17 | $0.86 | ||
| Q2 24 | $1.37 | $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 | $189.1M | $98.7M |
| Total DebtLower is stronger | $338.7M | $570.7M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | $2.4B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $98.7M | ||
| Q3 25 | $170.4M | $83.8M | ||
| Q2 25 | $151.0M | $124.5M | ||
| Q1 25 | $203.5M | $71.6M | ||
| Q4 24 | $145.0M | $83.8M | ||
| Q3 24 | $224.3M | $78.6M | ||
| Q2 24 | $242.4M | $72.9M |
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | $393.2M | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | $391.2M | $359.1M | ||
| Q2 24 | — | $405.7M |
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $1.1B | ||
| Q3 25 | $937.2M | $1.1B | ||
| Q2 25 | $940.5M | $1.0B | ||
| Q1 25 | $993.4M | $910.2M | ||
| Q4 24 | $993.5M | $855.1M | ||
| Q3 24 | $975.8M | $858.8M | ||
| Q2 24 | $967.6M | $788.4M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $2.5B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.7B | $1.9B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | 0.42× | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | 0.40× | 0.42× | ||
| Q2 24 | — | 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 | $16.9M | $24.7M | ||
| Q3 25 | $61.5M | $1.4M | ||
| Q2 25 | $84.9M | $27.7M | ||
| Q1 25 | $72.5M | $54.8M | ||
| Q4 24 | $-146.1M | $60.7M | ||
| Q3 24 | $-782.0K | $57.3M | ||
| Q2 24 | $86.3M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $-17.1M | ||
| Q3 25 | $48.0M | $-30.5M | ||
| Q2 25 | $68.5M | $200.0K | ||
| Q1 25 | $59.8M | $27.1M | ||
| Q4 24 | $-164.4M | $44.7M | ||
| Q3 24 | $-17.5M | $43.8M | ||
| Q2 24 | $71.1M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | -2.1% | ||
| Q3 25 | 8.7% | -4.1% | ||
| Q2 25 | 10.4% | 0.0% | ||
| Q1 25 | 9.5% | 4.2% | ||
| Q4 24 | -35.1% | 7.2% | ||
| Q3 24 | -3.1% | 6.7% | ||
| Q2 24 | 9.4% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 5.2% | ||
| Q3 25 | 2.4% | 4.3% | ||
| Q2 25 | 2.5% | 4.0% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 3.0% | 2.1% | ||
| Q2 24 | 2.0% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 21.97× | 1.10× | ||
| Q4 24 | -8.09× | 1.48× | ||
| Q3 24 | -0.20× | 1.24× | ||
| Q2 24 | 2.74× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
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% |
