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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.0× Magnera Corp). Magnera Corp runs the higher net margin — -4.3% vs -5.9%, a 1.6% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 12.8%). Magnera Corp produced more free cash flow last quarter ($-13.0M vs $-17.1M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 15.5%).
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...
MAGN vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $805.0M |
| Net Profit | $-34.0M | $-47.4M |
| Gross Margin | 12.2% | 23.1% |
| Operating Margin | 1.8% | 11.1% |
| Net Margin | -4.3% | -5.9% |
| Revenue YoY | 12.8% | 30.5% |
| Net Profit YoY | 43.3% | -215.6% |
| EPS (diluted) | $-0.95 | $-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 | $792.0M | $805.0M | ||
| Q3 25 | — | $738.9M | ||
| Q2 25 | $839.0M | $682.8M | ||
| Q1 25 | $824.0M | $647.2M | ||
| Q4 24 | $702.0M | $616.8M | ||
| Q3 24 | $332.1M | $658.0M | ||
| Q2 24 | $556.0M | $661.5M | ||
| Q1 24 | $558.0M | $603.5M |
| Q4 25 | $-34.0M | $-47.4M | ||
| Q3 25 | — | $44.4M | ||
| Q2 25 | $-18.0M | $51.2M | ||
| Q1 25 | $-41.0M | $49.6M | ||
| Q4 24 | $-60.0M | $41.0M | ||
| Q3 24 | $-15.2M | $46.1M | ||
| Q2 24 | $19.0M | $47.3M | ||
| Q1 24 | $14.0M | $25.8M |
| Q4 25 | 12.2% | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | 10.7% | 24.2% | ||
| Q1 25 | 10.7% | 25.6% | ||
| Q4 24 | 10.1% | 24.3% | ||
| Q3 24 | 10.7% | 25.2% | ||
| Q2 24 | 6.6% | 24.6% | ||
| Q1 24 | 6.2% | 22.4% |
| Q4 25 | 1.8% | 11.1% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 1.5% | 11.1% | ||
| Q1 25 | 0.5% | 11.5% | ||
| Q4 24 | -3.1% | 9.6% | ||
| Q3 24 | 0.9% | 11.4% | ||
| Q2 24 | 3.1% | 11.2% | ||
| Q1 24 | 3.8% | 7.8% |
| Q4 25 | -4.3% | -5.9% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | -2.1% | 7.5% | ||
| Q1 25 | -5.0% | 7.7% | ||
| Q4 24 | -8.5% | 6.6% | ||
| Q3 24 | -4.6% | 7.0% | ||
| Q2 24 | 3.4% | 7.2% | ||
| Q1 24 | 2.5% | 4.3% |
| Q4 25 | $-0.95 | $-0.90 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | $-0.51 | $0.95 | ||
| Q1 25 | $-1.15 | $0.92 | ||
| Q4 24 | $-1.69 | $0.76 | ||
| Q3 24 | $-0.33 | $0.86 | ||
| Q2 24 | $0.60 | $0.88 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $98.7M |
| Total DebtLower is stronger | $1.9B | $570.7M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $3.9B | $2.5B |
| Debt / EquityLower = less leverage | 1.86× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | $276.0M | $124.5M | ||
| Q1 25 | $282.0M | $71.6M | ||
| Q4 24 | $215.0M | $83.8M | ||
| Q3 24 | $230.0M | $78.6M | ||
| Q2 24 | $33.9M | $72.9M | ||
| Q1 24 | $30.2M | $60.1M |
| Q4 25 | $1.9B | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | $2.0B | $482.1M | ||
| Q1 25 | $2.0B | $296.7M | ||
| Q4 24 | $2.0B | $330.0M | ||
| Q3 24 | $2.0B | $359.1M | ||
| Q2 24 | $877.4M | $405.7M | ||
| Q1 24 | $884.7M | $399.9M |
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $910.2M | ||
| Q4 24 | $1.1B | $855.1M | ||
| Q3 24 | $2.1B | $858.8M | ||
| Q2 24 | $2.4B | $788.4M | ||
| Q1 24 | $2.4B | $747.6M |
| Q4 25 | $3.9B | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $4.1B | $2.2B | ||
| Q1 25 | $4.1B | $1.9B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $2.8B | $1.9B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | 1.86× | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | 1.77× | 0.48× | ||
| Q1 25 | 1.83× | 0.33× | ||
| Q4 24 | 1.80× | 0.39× | ||
| Q3 24 | 0.91× | 0.42× | ||
| Q2 24 | 0.37× | 0.51× | ||
| Q1 24 | 0.36× | 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 | $2.0M | $24.7M |
| Free Cash FlowOCF − Capex | $-13.0M | $-17.1M |
| FCF MarginFCF / Revenue | -1.6% | -2.1% |
| Capex IntensityCapex / Revenue | 1.9% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $24.7M | ||
| Q3 25 | — | $1.4M | ||
| Q2 25 | $0 | $27.7M | ||
| Q1 25 | $65.0M | $54.8M | ||
| Q4 24 | $-58.0M | $60.7M | ||
| Q3 24 | $12.2M | $57.3M | ||
| Q2 24 | $38.0M | $40.5M | ||
| Q1 24 | $20.0M | $39.6M |
| Q4 25 | $-13.0M | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | $42.0M | $27.1M | ||
| Q4 24 | $-74.0M | $44.7M | ||
| Q3 24 | $3.6M | $43.8M | ||
| Q2 24 | $23.0M | $13.7M | ||
| Q1 24 | $12.5M | $-4.3M |
| Q4 25 | -1.6% | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 5.1% | 4.2% | ||
| Q4 24 | -10.5% | 7.2% | ||
| Q3 24 | 1.1% | 6.7% | ||
| Q2 24 | 4.1% | 2.1% | ||
| Q1 24 | 2.2% | -0.7% |
| Q4 25 | 1.9% | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 1.5% | 4.0% | ||
| Q1 25 | 2.8% | 4.3% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 2.6% | 2.1% | ||
| Q2 24 | 2.7% | 4.1% | ||
| Q1 24 | 1.3% | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | 2.00× | 0.86× | ||
| Q1 24 | 1.43× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
