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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $805.0M, roughly 1.4× MODINE MANUFACTURING CO). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs -5.9%, a 41.2% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 30.5%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $-17.1M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 15.5%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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...
JHG vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $805.0M |
| Net Profit | $403.2M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 42.7% | 11.1% |
| Net Margin | 35.3% | -5.9% |
| Revenue YoY | 61.3% | 30.5% |
| Net Profit YoY | 231.0% | -215.6% |
| EPS (diluted) | $2.59 | $-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 | $1.1B | $805.0M | ||
| Q3 25 | $700.4M | $738.9M | ||
| Q2 25 | $633.2M | $682.8M | ||
| Q1 25 | $621.4M | $647.2M | ||
| Q4 24 | $708.3M | $616.8M | ||
| Q3 24 | $624.8M | $658.0M | ||
| Q2 24 | $588.4M | $661.5M | ||
| Q1 24 | $551.7M | $603.5M |
| Q4 25 | $403.2M | $-47.4M | ||
| Q3 25 | $142.1M | $44.4M | ||
| Q2 25 | $149.9M | $51.2M | ||
| Q1 25 | $120.7M | $49.6M | ||
| Q4 24 | $121.8M | $41.0M | ||
| Q3 24 | $27.3M | $46.1M | ||
| Q2 24 | $129.7M | $47.3M | ||
| Q1 24 | $130.1M | $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 | 42.7% | 11.1% | ||
| Q3 25 | 24.6% | 9.9% | ||
| Q2 25 | 25.9% | 11.1% | ||
| Q1 25 | 24.7% | 11.5% | ||
| Q4 24 | 27.9% | 9.6% | ||
| Q3 24 | 26.4% | 11.4% | ||
| Q2 24 | 27.9% | 11.2% | ||
| Q1 24 | 21.6% | 7.8% |
| Q4 25 | 35.3% | -5.9% | ||
| Q3 25 | 20.3% | 6.0% | ||
| Q2 25 | 23.7% | 7.5% | ||
| Q1 25 | 19.4% | 7.7% | ||
| Q4 24 | 17.2% | 6.6% | ||
| Q3 24 | 4.4% | 7.0% | ||
| Q2 24 | 22.0% | 7.2% | ||
| Q1 24 | 23.6% | 4.3% |
| Q4 25 | $2.59 | $-0.90 | ||
| Q3 25 | $0.92 | $0.83 | ||
| Q2 25 | $0.95 | $0.95 | ||
| Q1 25 | $0.77 | $0.92 | ||
| Q4 24 | $0.77 | $0.76 | ||
| Q3 24 | $0.17 | $0.86 | ||
| Q2 24 | $0.81 | $0.88 | ||
| Q1 24 | $0.81 | $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 | $1.6B | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $5.1B | $1.1B |
| Total Assets | $8.3B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $98.7M | ||
| Q3 25 | $1.4B | $83.8M | ||
| Q2 25 | $1.3B | $124.5M | ||
| Q1 25 | $1.4B | $71.6M | ||
| Q4 24 | $1.6B | $83.8M | ||
| Q3 24 | $1.8B | $78.6M | ||
| Q2 24 | $1.3B | $72.9M | ||
| Q1 24 | $1.1B | $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 | $5.1B | $1.1B | ||
| Q3 25 | $4.8B | $1.1B | ||
| Q2 25 | $4.8B | $1.0B | ||
| Q1 25 | $4.7B | $910.2M | ||
| Q4 24 | $4.6B | $855.1M | ||
| Q3 24 | $4.6B | $858.8M | ||
| Q2 24 | $4.5B | $788.4M | ||
| Q1 24 | $4.4B | $747.6M |
| Q4 25 | $8.3B | $2.5B | ||
| Q3 25 | $7.6B | $2.4B | ||
| Q2 25 | $7.5B | $2.2B | ||
| Q1 25 | $7.1B | $1.9B | ||
| Q4 24 | $7.0B | $1.8B | ||
| Q3 24 | $7.3B | $1.9B | ||
| Q2 24 | $6.4B | $1.9B | ||
| Q1 24 | $6.3B | $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 | $322.7M | $24.7M |
| Free Cash FlowOCF − Capex | $320.4M | $-17.1M |
| FCF MarginFCF / Revenue | 28.0% | -2.1% |
| Capex IntensityCapex / Revenue | 0.2% | 5.2% |
| Cash ConversionOCF / Net Profit | 0.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $710.9M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $322.7M | $24.7M | ||
| Q3 25 | $258.8M | $1.4M | ||
| Q2 25 | $135.2M | $27.7M | ||
| Q1 25 | $2.8M | $54.8M | ||
| Q4 24 | $247.3M | $60.7M | ||
| Q3 24 | $228.5M | $57.3M | ||
| Q2 24 | $223.8M | $40.5M | ||
| Q1 24 | $-5.0M | $39.6M |
| Q4 25 | $320.4M | $-17.1M | ||
| Q3 25 | $256.4M | $-30.5M | ||
| Q2 25 | $133.2M | $200.0K | ||
| Q1 25 | $900.0K | $27.1M | ||
| Q4 24 | $243.5M | $44.7M | ||
| Q3 24 | $225.9M | $43.8M | ||
| Q2 24 | $221.9M | $13.7M | ||
| Q1 24 | $-6.8M | $-4.3M |
| Q4 25 | 28.0% | -2.1% | ||
| Q3 25 | 36.6% | -4.1% | ||
| Q2 25 | 21.0% | 0.0% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 34.4% | 7.2% | ||
| Q3 24 | 36.2% | 6.7% | ||
| Q2 24 | 37.7% | 2.1% | ||
| Q1 24 | -1.2% | -0.7% |
| Q4 25 | 0.2% | 5.2% | ||
| Q3 25 | 0.3% | 4.3% | ||
| Q2 25 | 0.3% | 4.0% | ||
| Q1 25 | 0.3% | 4.3% | ||
| Q4 24 | 0.5% | 2.6% | ||
| Q3 24 | 0.4% | 2.1% | ||
| Q2 24 | 0.3% | 4.1% | ||
| Q1 24 | 0.3% | 7.3% |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 1.82× | 0.03× | ||
| Q2 25 | 0.90× | 0.54× | ||
| Q1 25 | 0.02× | 1.10× | ||
| Q4 24 | 2.03× | 1.48× | ||
| Q3 24 | 8.37× | 1.24× | ||
| Q2 24 | 1.73× | 0.86× | ||
| Q1 24 | -0.04× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
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% |
