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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $440.9M, roughly 1.8× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -5.9%, a 33.7% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 22.8%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 0.9%).
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...
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
MOD vs NJR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $440.9M |
| Net Profit | $-47.4M | $122.5M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | 40.6% |
| Net Margin | -5.9% | 27.8% |
| Revenue YoY | 30.5% | 22.8% |
| Net Profit YoY | -215.6% | -6.7% |
| EPS (diluted) | $-0.90 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $738.9M | $188.3M | ||
| Q2 25 | $682.8M | $234.8M | ||
| Q1 25 | $647.2M | $569.2M | ||
| Q4 24 | $616.8M | $359.0M | ||
| Q3 24 | $658.0M | $265.7M | ||
| Q2 24 | $661.5M | $209.9M | ||
| Q1 24 | $603.5M | $433.2M |
| Q4 25 | $-47.4M | $122.5M | ||
| Q3 25 | $44.4M | $15.1M | ||
| Q2 25 | $51.2M | $-15.1M | ||
| Q1 25 | $49.6M | $204.3M | ||
| Q4 24 | $41.0M | $131.3M | ||
| Q3 24 | $46.1M | $91.1M | ||
| Q2 24 | $47.3M | $-11.6M | ||
| Q1 24 | $25.8M | $120.8M |
| 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 | 11.1% | 40.6% | ||
| Q3 25 | 9.9% | 21.5% | ||
| Q2 25 | 11.1% | -0.5% | ||
| Q1 25 | 11.5% | 49.2% | ||
| Q4 24 | 9.6% | 52.8% | ||
| Q3 24 | 11.4% | 55.0% | ||
| Q2 24 | 11.2% | 2.8% | ||
| Q1 24 | 7.8% | 39.3% |
| Q4 25 | -5.9% | 27.8% | ||
| Q3 25 | 6.0% | 8.0% | ||
| Q2 25 | 7.5% | -6.4% | ||
| Q1 25 | 7.7% | 35.9% | ||
| Q4 24 | 6.6% | 36.6% | ||
| Q3 24 | 7.0% | 34.3% | ||
| Q2 24 | 7.2% | -5.5% | ||
| Q1 24 | 4.3% | 27.9% |
| Q4 25 | $-0.90 | $1.21 | ||
| Q3 25 | $0.83 | $0.15 | ||
| Q2 25 | $0.95 | $-0.15 | ||
| Q1 25 | $0.92 | $2.02 | ||
| Q4 24 | $0.76 | $1.31 | ||
| Q3 24 | $0.86 | $0.91 | ||
| Q2 24 | $0.88 | $-0.12 | ||
| Q1 24 | $0.48 | $1.22 |
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 | $2.4M |
| Total DebtLower is stronger | $570.7M | $3.3B |
| Stockholders' EquityBook value | $1.1B | $2.5B |
| Total Assets | $2.5B | $7.9B |
| Debt / EquityLower = less leverage | 0.51× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $2.4M | ||
| Q3 25 | $83.8M | $591.0K | ||
| Q2 25 | $124.5M | $931.0K | ||
| Q1 25 | $71.6M | $83.7M | ||
| Q4 24 | $83.8M | $1.9M | ||
| Q3 24 | $78.6M | $1.0M | ||
| Q2 24 | $72.9M | $22.4M | ||
| Q1 24 | $60.1M | $5.0M |
| Q4 25 | $570.7M | $3.3B | ||
| Q3 25 | $525.8M | $3.3B | ||
| Q2 25 | $482.1M | $3.0B | ||
| Q1 25 | $296.7M | $3.0B | ||
| Q4 24 | $330.0M | $3.0B | ||
| Q3 24 | $359.1M | $2.9B | ||
| Q2 24 | $405.7M | $2.8B | ||
| Q1 24 | $399.9M | $2.7B |
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $910.2M | $2.5B | ||
| Q4 24 | $855.1M | $2.3B | ||
| Q3 24 | $858.8M | $2.2B | ||
| Q2 24 | $788.4M | $2.1B | ||
| Q1 24 | $747.6M | $2.2B |
| Q4 25 | $2.5B | $7.9B | ||
| Q3 25 | $2.4B | $7.6B | ||
| Q2 25 | $2.2B | $7.3B | ||
| Q1 25 | $1.9B | $7.3B | ||
| Q4 24 | $1.8B | $7.2B | ||
| Q3 24 | $1.9B | $7.0B | ||
| Q2 24 | $1.9B | $6.8B | ||
| Q1 24 | $1.9B | $6.6B |
| Q4 25 | 0.51× | 1.32× | ||
| Q3 25 | 0.50× | 1.36× | ||
| Q2 25 | 0.48× | 1.25× | ||
| Q1 25 | 0.33× | 1.20× | ||
| Q4 24 | 0.39× | 1.29× | ||
| Q3 24 | 0.42× | 1.31× | ||
| Q2 24 | 0.51× | 1.30× | ||
| Q1 24 | 0.53× | 1.25× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $-17.1M | — |
| FCF MarginFCF / Revenue | -2.1% | — |
| Capex IntensityCapex / Revenue | 5.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $26.7M | ||
| Q3 25 | $1.4M | $81.2M | ||
| Q2 25 | $27.7M | $-28.9M | ||
| Q1 25 | $54.8M | $423.0M | ||
| Q4 24 | $60.7M | $-9.0M | ||
| Q3 24 | $57.3M | $64.5M | ||
| Q2 24 | $40.5M | $24.3M | ||
| Q1 24 | $39.6M | $292.2M |
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | 0.03× | 5.39× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | 2.07× | ||
| Q4 24 | 1.48× | -0.07× | ||
| Q3 24 | 1.24× | 0.71× | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | 2.42× |
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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
