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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $805.0M, roughly 1.0× MODINE MANUFACTURING CO). MSCI Inc. runs the higher net margin — 34.6% vs -5.9%, a 40.5% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 10.0%).
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...
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
MOD vs MSCI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $822.5M |
| Net Profit | $-47.4M | $284.7M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | 56.4% |
| Net Margin | -5.9% | 34.6% |
| Revenue YoY | 30.5% | 10.6% |
| Net Profit YoY | -215.6% | -6.8% |
| EPS (diluted) | $-0.90 | $3.81 |
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 | $805.0M | $822.5M | ||
| Q3 25 | $738.9M | $793.4M | ||
| Q2 25 | $682.8M | $772.7M | ||
| Q1 25 | $647.2M | $745.8M | ||
| Q4 24 | $616.8M | $743.5M | ||
| Q3 24 | $658.0M | $724.7M | ||
| Q2 24 | $661.5M | $707.9M | ||
| Q1 24 | $603.5M | $680.0M |
| Q4 25 | $-47.4M | $284.7M | ||
| Q3 25 | $44.4M | $325.4M | ||
| Q2 25 | $51.2M | $303.6M | ||
| Q1 25 | $49.6M | $288.6M | ||
| Q4 24 | $41.0M | $305.5M | ||
| Q3 24 | $46.1M | $280.9M | ||
| Q2 24 | $47.3M | $266.8M | ||
| Q1 24 | $25.8M | $256.0M |
| 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 | 11.1% | 56.4% | ||
| Q3 25 | 9.9% | 56.4% | ||
| Q2 25 | 11.1% | 55.0% | ||
| Q1 25 | 11.5% | 50.6% | ||
| Q4 24 | 9.6% | 54.5% | ||
| Q3 24 | 11.4% | 55.4% | ||
| Q2 24 | 11.2% | 54.0% | ||
| Q1 24 | 7.8% | 49.9% |
| Q4 25 | -5.9% | 34.6% | ||
| Q3 25 | 6.0% | 41.0% | ||
| Q2 25 | 7.5% | 39.3% | ||
| Q1 25 | 7.7% | 38.7% | ||
| Q4 24 | 6.6% | 41.1% | ||
| Q3 24 | 7.0% | 38.8% | ||
| Q2 24 | 7.2% | 37.7% | ||
| Q1 24 | 4.3% | 37.6% |
| Q4 25 | $-0.90 | $3.81 | ||
| Q3 25 | $0.83 | $4.25 | ||
| Q2 25 | $0.95 | $3.92 | ||
| Q1 25 | $0.92 | $3.71 | ||
| Q4 24 | $0.76 | $3.89 | ||
| Q3 24 | $0.86 | $3.57 | ||
| Q2 24 | $0.88 | $3.37 | ||
| Q1 24 | $0.48 | $3.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.7M | $515.3M |
| Total DebtLower is stronger | $570.7M | $6.2B |
| Stockholders' EquityBook value | $1.1B | $-2.7B |
| Total Assets | $2.5B | $5.7B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $515.3M | ||
| Q3 25 | $83.8M | $400.1M | ||
| Q2 25 | $124.5M | $347.3M | ||
| Q1 25 | $71.6M | $360.7M | ||
| Q4 24 | $83.8M | $409.4M | ||
| Q3 24 | $78.6M | $501.0M | ||
| Q2 24 | $72.9M | $451.4M | ||
| Q1 24 | $60.1M | $519.3M |
| Q4 25 | $570.7M | $6.2B | ||
| Q3 25 | $525.8M | $5.5B | ||
| Q2 25 | $482.1M | $4.5B | ||
| Q1 25 | $296.7M | $4.5B | ||
| Q4 24 | $330.0M | $4.5B | ||
| Q3 24 | $359.1M | $4.5B | ||
| Q2 24 | $405.7M | $4.5B | ||
| Q1 24 | $399.9M | $4.5B |
| Q4 25 | $1.1B | $-2.7B | ||
| Q3 25 | $1.1B | $-1.9B | ||
| Q2 25 | $1.0B | $-886.2M | ||
| Q1 25 | $910.2M | $-958.6M | ||
| Q4 24 | $855.1M | $-940.0M | ||
| Q3 24 | $858.8M | $-751.0M | ||
| Q2 24 | $788.4M | $-734.5M | ||
| Q1 24 | $747.6M | $-650.5M |
| Q4 25 | $2.5B | $5.7B | ||
| Q3 25 | $2.4B | $5.4B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $1.9B | $5.3B | ||
| Q4 24 | $1.8B | $5.4B | ||
| Q3 24 | $1.9B | $5.4B | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $1.9B | $5.5B |
| 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 | $24.7M | $501.1M |
| Free Cash FlowOCF − Capex | $-17.1M | $488.7M |
| FCF MarginFCF / Revenue | -2.1% | 59.4% |
| Capex IntensityCapex / Revenue | 5.2% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $501.1M | ||
| Q3 25 | $1.4M | $449.4M | ||
| Q2 25 | $27.7M | $336.1M | ||
| Q1 25 | $54.8M | $301.7M | ||
| Q4 24 | $60.7M | $430.6M | ||
| Q3 24 | $57.3M | $421.6M | ||
| Q2 24 | $40.5M | $349.2M | ||
| Q1 24 | $39.6M | $300.1M |
| Q4 25 | $-17.1M | $488.7M | ||
| Q3 25 | $-30.5M | $445.5M | ||
| Q2 25 | $200.0K | $324.7M | ||
| Q1 25 | $27.1M | $290.2M | ||
| Q4 24 | $44.7M | $416.4M | ||
| Q3 24 | $43.8M | $415.0M | ||
| Q2 24 | $13.7M | $340.6M | ||
| Q1 24 | $-4.3M | $295.9M |
| Q4 25 | -2.1% | 59.4% | ||
| Q3 25 | -4.1% | 56.2% | ||
| Q2 25 | 0.0% | 42.0% | ||
| Q1 25 | 4.2% | 38.9% | ||
| Q4 24 | 7.2% | 56.0% | ||
| Q3 24 | 6.7% | 57.3% | ||
| Q2 24 | 2.1% | 48.1% | ||
| Q1 24 | -0.7% | 43.5% |
| Q4 25 | 5.2% | 1.5% | ||
| Q3 25 | 4.3% | 0.5% | ||
| Q2 25 | 4.0% | 1.5% | ||
| Q1 25 | 4.3% | 1.5% | ||
| Q4 24 | 2.6% | 1.9% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 4.1% | 1.2% | ||
| Q1 24 | 7.3% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | 0.03× | 1.38× | ||
| Q2 25 | 0.54× | 1.11× | ||
| Q1 25 | 1.10× | 1.05× | ||
| Q4 24 | 1.48× | 1.41× | ||
| Q3 24 | 1.24× | 1.50× | ||
| Q2 24 | 0.86× | 1.31× | ||
| Q1 24 | 1.53× | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
