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Side-by-side financial comparison of LCI INDUSTRIES (LCII) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $805.0M, roughly 1.2× MODINE MANUFACTURING CO). LCI INDUSTRIES runs the higher net margin — 2.0% vs -5.9%, a 7.9% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 16.1%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs -1.8%).
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
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...
LCII vs MOD — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $932.7M | $805.0M |
| Net Profit | $18.7M | $-47.4M |
| Gross Margin | 22.1% | 23.1% |
| Operating Margin | 3.8% | 11.1% |
| Net Margin | 2.0% | -5.9% |
| Revenue YoY | 16.1% | 30.5% |
| Net Profit YoY | 95.7% | -215.6% |
| EPS (diluted) | $0.79 | $-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 | $932.7M | $805.0M | ||
| Q3 25 | $1.0B | $738.9M | ||
| Q2 25 | $1.1B | $682.8M | ||
| Q1 25 | $1.0B | $647.2M | ||
| Q4 24 | $803.1M | $616.8M | ||
| Q3 24 | $915.5M | $658.0M | ||
| Q2 24 | $1.1B | $661.5M | ||
| Q1 24 | $968.0M | $603.5M |
| Q4 25 | $18.7M | $-47.4M | ||
| Q3 25 | $62.5M | $44.4M | ||
| Q2 25 | $57.6M | $51.2M | ||
| Q1 25 | $49.4M | $49.6M | ||
| Q4 24 | $9.5M | $41.0M | ||
| Q3 24 | $35.6M | $46.1M | ||
| Q2 24 | $61.2M | $47.3M | ||
| Q1 24 | $36.5M | $25.8M |
| Q4 25 | 22.1% | 23.1% | ||
| Q3 25 | 24.4% | 22.3% | ||
| Q2 25 | 24.4% | 24.2% | ||
| Q1 25 | 24.1% | 25.6% | ||
| Q4 24 | 21.1% | 24.3% | ||
| Q3 24 | 24.0% | 25.2% | ||
| Q2 24 | 25.3% | 24.6% | ||
| Q1 24 | 23.1% | 22.4% |
| Q4 25 | 3.8% | 11.1% | ||
| Q3 25 | 7.3% | 9.9% | ||
| Q2 25 | 7.9% | 11.1% | ||
| Q1 25 | 7.8% | 11.5% | ||
| Q4 24 | 2.0% | 9.6% | ||
| Q3 24 | 5.9% | 11.4% | ||
| Q2 24 | 8.6% | 11.2% | ||
| Q1 24 | 6.0% | 7.8% |
| Q4 25 | 2.0% | -5.9% | ||
| Q3 25 | 6.0% | 6.0% | ||
| Q2 25 | 5.2% | 7.5% | ||
| Q1 25 | 4.7% | 7.7% | ||
| Q4 24 | 1.2% | 6.6% | ||
| Q3 24 | 3.9% | 7.0% | ||
| Q2 24 | 5.8% | 7.2% | ||
| Q1 24 | 3.8% | 4.3% |
| Q4 25 | $0.79 | $-0.90 | ||
| Q3 25 | $2.55 | $0.83 | ||
| Q2 25 | $2.29 | $0.95 | ||
| Q1 25 | $1.94 | $0.92 | ||
| Q4 24 | $0.37 | $0.76 | ||
| Q3 24 | $1.39 | $0.86 | ||
| Q2 24 | $2.40 | $0.88 | ||
| Q1 24 | $1.44 | $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 | $222.6M | $98.7M |
| Total DebtLower is stronger | $945.2M | $570.7M |
| Stockholders' EquityBook value | $1.4B | $1.1B |
| Total Assets | $3.2B | $2.5B |
| Debt / EquityLower = less leverage | 0.69× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.6M | $98.7M | ||
| Q3 25 | $199.7M | $83.8M | ||
| Q2 25 | $191.9M | $124.5M | ||
| Q1 25 | $231.2M | $71.6M | ||
| Q4 24 | $165.8M | $83.8M | ||
| Q3 24 | $161.2M | $78.6M | ||
| Q2 24 | $130.4M | $72.9M | ||
| Q1 24 | $22.6M | $60.1M |
| Q4 25 | $945.2M | $570.7M | ||
| Q3 25 | $947.8M | $525.8M | ||
| Q2 25 | $948.0M | $482.1M | ||
| Q1 25 | $938.3M | $296.7M | ||
| Q4 24 | $757.3M | $330.0M | ||
| Q3 24 | $822.5M | $359.1M | ||
| Q2 24 | $829.7M | $405.7M | ||
| Q1 24 | $855.3M | $399.9M |
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $910.2M | ||
| Q4 24 | $1.4B | $855.1M | ||
| Q3 24 | $1.4B | $858.8M | ||
| Q2 24 | $1.4B | $788.4M | ||
| Q1 24 | $1.4B | $747.6M |
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $3.0B | $1.9B |
| Q4 25 | 0.69× | 0.51× | ||
| Q3 25 | 0.70× | 0.50× | ||
| Q2 25 | 0.68× | 0.48× | ||
| Q1 25 | 0.69× | 0.33× | ||
| Q4 24 | 0.55× | 0.39× | ||
| Q3 24 | 0.58× | 0.42× | ||
| Q2 24 | 0.60× | 0.51× | ||
| Q1 24 | 0.63× | 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 | $78.9M | $24.7M |
| Free Cash FlowOCF − Capex | $64.3M | $-17.1M |
| FCF MarginFCF / Revenue | 6.9% | -2.1% |
| Capex IntensityCapex / Revenue | 1.6% | 5.2% |
| Cash ConversionOCF / Net Profit | 4.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $278.3M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $24.7M | ||
| Q3 25 | $97.2M | $1.4M | ||
| Q2 25 | $112.2M | $27.7M | ||
| Q1 25 | $42.7M | $54.8M | ||
| Q4 24 | $106.6M | $60.7M | ||
| Q3 24 | $78.4M | $57.3M | ||
| Q2 24 | $192.9M | $40.5M | ||
| Q1 24 | $-7.7M | $39.6M |
| Q4 25 | $64.3M | $-17.1M | ||
| Q3 25 | $80.9M | $-30.5M | ||
| Q2 25 | $99.5M | $200.0K | ||
| Q1 25 | $33.7M | $27.1M | ||
| Q4 24 | $95.7M | $44.7M | ||
| Q3 24 | $68.3M | $43.8M | ||
| Q2 24 | $180.2M | $13.7M | ||
| Q1 24 | $-16.3M | $-4.3M |
| Q4 25 | 6.9% | -2.1% | ||
| Q3 25 | 7.8% | -4.1% | ||
| Q2 25 | 9.0% | 0.0% | ||
| Q1 25 | 3.2% | 4.2% | ||
| Q4 24 | 11.9% | 7.2% | ||
| Q3 24 | 7.5% | 6.7% | ||
| Q2 24 | 17.1% | 2.1% | ||
| Q1 24 | -1.7% | -0.7% |
| Q4 25 | 1.6% | 5.2% | ||
| Q3 25 | 1.6% | 4.3% | ||
| Q2 25 | 1.2% | 4.0% | ||
| Q1 25 | 0.9% | 4.3% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 1.1% | 2.1% | ||
| Q2 24 | 1.2% | 4.1% | ||
| Q1 24 | 0.9% | 7.3% |
| Q4 25 | 4.22× | — | ||
| Q3 25 | 1.55× | 0.03× | ||
| Q2 25 | 1.95× | 0.54× | ||
| Q1 25 | 0.86× | 1.10× | ||
| Q4 24 | 11.17× | 1.48× | ||
| Q3 24 | 2.20× | 1.24× | ||
| Q2 24 | 3.15× | 0.86× | ||
| Q1 24 | -0.21× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 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% |
