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Side-by-side financial comparison of Microchip Technology (MCHP) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $805.0M, roughly 1.5× MODINE MANUFACTURING CO). Microchip Technology runs the higher net margin — 5.3% vs -5.9%, a 11.2% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 15.6%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs -5.4%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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...
MCHP vs MOD — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $805.0M |
| Net Profit | $62.7M | $-47.4M |
| Gross Margin | 59.6% | 23.1% |
| Operating Margin | 12.8% | 11.1% |
| Net Margin | 5.3% | -5.9% |
| Revenue YoY | 15.6% | 30.5% |
| Net Profit YoY | 217.0% | -215.6% |
| EPS (diluted) | $0.06 | $-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 | $1.2B | $805.0M | ||
| Q3 25 | $1.1B | $738.9M | ||
| Q2 25 | $1.1B | $682.8M | ||
| Q1 25 | $970.5M | $647.2M | ||
| Q4 24 | $1.0B | $616.8M | ||
| Q3 24 | $1.2B | $658.0M | ||
| Q2 24 | $1.2B | $661.5M | ||
| Q1 24 | $1.3B | $603.5M |
| Q4 25 | $62.7M | $-47.4M | ||
| Q3 25 | $41.7M | $44.4M | ||
| Q2 25 | $-18.6M | $51.2M | ||
| Q1 25 | $-154.6M | $49.6M | ||
| Q4 24 | $-53.6M | $41.0M | ||
| Q3 24 | $78.4M | $46.1M | ||
| Q2 24 | $129.3M | $47.3M | ||
| Q1 24 | $154.7M | $25.8M |
| Q4 25 | 59.6% | 23.1% | ||
| Q3 25 | 55.9% | 22.3% | ||
| Q2 25 | 53.6% | 24.2% | ||
| Q1 25 | 51.6% | 25.6% | ||
| Q4 24 | 54.7% | 24.3% | ||
| Q3 24 | 57.4% | 25.2% | ||
| Q2 24 | 59.4% | 24.6% | ||
| Q1 24 | 59.6% | 22.4% |
| Q4 25 | 12.8% | 11.1% | ||
| Q3 25 | 7.8% | 9.9% | ||
| Q2 25 | 3.0% | 11.1% | ||
| Q1 25 | -10.3% | 11.5% | ||
| Q4 24 | 3.0% | 9.6% | ||
| Q3 24 | 12.6% | 11.4% | ||
| Q2 24 | 17.7% | 11.2% | ||
| Q1 24 | 19.1% | 7.8% |
| Q4 25 | 5.3% | -5.9% | ||
| Q3 25 | 3.7% | 6.0% | ||
| Q2 25 | -1.7% | 7.5% | ||
| Q1 25 | -15.9% | 7.7% | ||
| Q4 24 | -5.2% | 6.6% | ||
| Q3 24 | 6.7% | 7.0% | ||
| Q2 24 | 10.4% | 7.2% | ||
| Q1 24 | 11.7% | 4.3% |
| Q4 25 | $0.06 | $-0.90 | ||
| Q3 25 | $0.03 | $0.83 | ||
| Q2 25 | $-0.09 | $0.95 | ||
| Q1 25 | $-0.29 | $0.92 | ||
| Q4 24 | $-0.10 | $0.76 | ||
| Q3 24 | $0.14 | $0.86 | ||
| Q2 24 | $0.24 | $0.88 | ||
| Q1 24 | $0.29 | $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 | $250.7M | $98.7M |
| Total DebtLower is stronger | $5.4B | $570.7M |
| Stockholders' EquityBook value | $6.6B | $1.1B |
| Total Assets | $14.3B | $2.5B |
| Debt / EquityLower = less leverage | 0.82× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.7M | $98.7M | ||
| Q3 25 | $236.8M | $83.8M | ||
| Q2 25 | $566.5M | $124.5M | ||
| Q1 25 | $771.7M | $71.6M | ||
| Q4 24 | $586.0M | $83.8M | ||
| Q3 24 | $286.1M | $78.6M | ||
| Q2 24 | $315.1M | $72.9M | ||
| Q1 24 | $319.7M | $60.1M |
| Q4 25 | $5.4B | $570.7M | ||
| Q3 25 | $5.4B | $525.8M | ||
| Q2 25 | $5.5B | $482.1M | ||
| Q1 25 | $5.6B | $296.7M | ||
| Q4 24 | $6.7B | $330.0M | ||
| Q3 24 | $6.4B | $359.1M | ||
| Q2 24 | $6.2B | $405.7M | ||
| Q1 24 | $6.0B | $399.9M |
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $6.7B | $1.1B | ||
| Q2 25 | $6.9B | $1.0B | ||
| Q1 25 | $7.1B | $910.2M | ||
| Q4 24 | $6.0B | $855.1M | ||
| Q3 24 | $6.3B | $858.8M | ||
| Q2 24 | $6.4B | $788.4M | ||
| Q1 24 | $6.7B | $747.6M |
| Q4 25 | $14.3B | $2.5B | ||
| Q3 25 | $14.5B | $2.4B | ||
| Q2 25 | $15.0B | $2.2B | ||
| Q1 25 | $15.4B | $1.9B | ||
| Q4 24 | $15.6B | $1.8B | ||
| Q3 24 | $15.6B | $1.9B | ||
| Q2 24 | $15.8B | $1.9B | ||
| Q1 24 | $15.9B | $1.9B |
| Q4 25 | 0.82× | 0.51× | ||
| Q3 25 | 0.80× | 0.50× | ||
| Q2 25 | 0.80× | 0.48× | ||
| Q1 25 | 0.80× | 0.33× | ||
| Q4 24 | 1.12× | 0.39× | ||
| Q3 24 | 1.02× | 0.42× | ||
| Q2 24 | 0.96× | 0.51× | ||
| Q1 24 | 0.90× | 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 | $341.4M | $24.7M |
| Free Cash FlowOCF − Capex | $318.9M | $-17.1M |
| FCF MarginFCF / Revenue | 26.9% | -2.1% |
| Capex IntensityCapex / Revenue | 1.9% | 5.2% |
| Cash ConversionOCF / Net Profit | 5.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.4M | $24.7M | ||
| Q3 25 | $88.1M | $1.4M | ||
| Q2 25 | $275.6M | $27.7M | ||
| Q1 25 | $205.9M | $54.8M | ||
| Q4 24 | $271.5M | $60.7M | ||
| Q3 24 | $43.6M | $57.3M | ||
| Q2 24 | $377.1M | $40.5M | ||
| Q1 24 | $430.0M | $39.6M |
| Q4 25 | $318.9M | $-17.1M | ||
| Q3 25 | $51.6M | $-30.5M | ||
| Q2 25 | $257.7M | $200.0K | ||
| Q1 25 | $191.7M | $27.1M | ||
| Q4 24 | $253.4M | $44.7M | ||
| Q3 24 | $22.8M | $43.8M | ||
| Q2 24 | $304.2M | $13.7M | ||
| Q1 24 | $389.9M | $-4.3M |
| Q4 25 | 26.9% | -2.1% | ||
| Q3 25 | 4.5% | -4.1% | ||
| Q2 25 | 24.0% | 0.0% | ||
| Q1 25 | 19.8% | 4.2% | ||
| Q4 24 | 24.7% | 7.2% | ||
| Q3 24 | 2.0% | 6.7% | ||
| Q2 24 | 24.5% | 2.1% | ||
| Q1 24 | 29.4% | -0.7% |
| Q4 25 | 1.9% | 5.2% | ||
| Q3 25 | 3.2% | 4.3% | ||
| Q2 25 | 1.7% | 4.0% | ||
| Q1 25 | 1.5% | 4.3% | ||
| Q4 24 | 1.8% | 2.6% | ||
| Q3 24 | 1.8% | 2.1% | ||
| Q2 24 | 5.9% | 4.1% | ||
| Q1 24 | 3.0% | 7.3% |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 2.11× | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 0.56× | 1.24× | ||
| Q2 24 | 2.92× | 0.86× | ||
| Q1 24 | 2.78× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
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% |
