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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $805.0M, roughly 1.9× MODINE MANUFACTURING CO). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -13.6%, a 7.7% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -5.3%). Organon & Co. produced more free cash flow last quarter ($96.0M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs -3.6%).
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...
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
MOD vs OGN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.5B |
| Net Profit | $-47.4M | $-205.0M |
| Gross Margin | 23.1% | 49.2% |
| Operating Margin | 11.1% | -9.8% |
| Net Margin | -5.9% | -13.6% |
| Revenue YoY | 30.5% | -5.3% |
| Net Profit YoY | -215.6% | -288.1% |
| EPS (diluted) | $-0.90 | $-0.78 |
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 | $1.5B | ||
| Q3 25 | $738.9M | $1.6B | ||
| Q2 25 | $682.8M | $1.6B | ||
| Q1 25 | $647.2M | $1.5B | ||
| Q4 24 | $616.8M | $1.6B | ||
| Q3 24 | $658.0M | $1.6B | ||
| Q2 24 | $661.5M | $1.6B | ||
| Q1 24 | $603.5M | $1.6B |
| Q4 25 | $-47.4M | $-205.0M | ||
| Q3 25 | $44.4M | $160.0M | ||
| Q2 25 | $51.2M | $145.0M | ||
| Q1 25 | $49.6M | $87.0M | ||
| Q4 24 | $41.0M | $109.0M | ||
| Q3 24 | $46.1M | $359.0M | ||
| Q2 24 | $47.3M | $195.0M | ||
| Q1 24 | $25.8M | $201.0M |
| Q4 25 | 23.1% | 49.2% | ||
| Q3 25 | 22.3% | 53.5% | ||
| Q2 25 | 24.2% | 54.8% | ||
| Q1 25 | 25.6% | 55.6% | ||
| Q4 24 | 24.3% | 56.3% | ||
| Q3 24 | 25.2% | 58.3% | ||
| Q2 24 | 24.6% | 58.4% | ||
| Q1 24 | 22.4% | 59.0% |
| Q4 25 | 11.1% | -9.8% | ||
| Q3 25 | 9.9% | 15.2% | ||
| Q2 25 | 11.1% | 14.4% | ||
| Q1 25 | 11.5% | 6.7% | ||
| Q4 24 | 9.6% | 8.1% | ||
| Q3 24 | 11.4% | 13.1% | ||
| Q2 24 | 11.2% | 14.6% | ||
| Q1 24 | 7.8% | 14.5% |
| Q4 25 | -5.9% | -13.6% | ||
| Q3 25 | 6.0% | 10.0% | ||
| Q2 25 | 7.5% | 9.1% | ||
| Q1 25 | 7.7% | 5.8% | ||
| Q4 24 | 6.6% | 6.8% | ||
| Q3 24 | 7.0% | 22.7% | ||
| Q2 24 | 7.2% | 12.1% | ||
| Q1 24 | 4.3% | 12.4% |
| Q4 25 | $-0.90 | $-0.78 | ||
| Q3 25 | $0.83 | $0.61 | ||
| Q2 25 | $0.95 | $0.56 | ||
| Q1 25 | $0.92 | $0.33 | ||
| Q4 24 | $0.76 | $0.42 | ||
| Q3 24 | $0.86 | $1.38 | ||
| Q2 24 | $0.88 | $0.75 | ||
| Q1 24 | $0.48 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | $570.7M | $8.6B |
| Stockholders' EquityBook value | $1.1B | $752.0M |
| Total Assets | $2.5B | $12.9B |
| Debt / EquityLower = less leverage | 0.51× | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $574.0M | ||
| Q3 25 | $83.8M | $672.0M | ||
| Q2 25 | $124.5M | $599.0M | ||
| Q1 25 | $71.6M | $547.0M | ||
| Q4 24 | $83.8M | $675.0M | ||
| Q3 24 | $78.6M | $763.0M | ||
| Q2 24 | $72.9M | $704.0M | ||
| Q1 24 | $60.1M | $575.0M |
| Q4 25 | $570.7M | $8.6B | ||
| Q3 25 | $525.8M | $8.8B | ||
| Q2 25 | $482.1M | $8.9B | ||
| Q1 25 | $296.7M | $9.0B | ||
| Q4 24 | $330.0M | $8.9B | ||
| Q3 24 | $359.1M | $8.7B | ||
| Q2 24 | $405.7M | $8.7B | ||
| Q1 24 | $399.9M | $8.7B |
| Q4 25 | $1.1B | $752.0M | ||
| Q3 25 | $1.1B | $906.0M | ||
| Q2 25 | $1.0B | $733.0M | ||
| Q1 25 | $910.2M | $542.0M | ||
| Q4 24 | $855.1M | $472.0M | ||
| Q3 24 | $858.8M | $493.0M | ||
| Q2 24 | $788.4M | $144.0M | ||
| Q1 24 | $747.6M | $48.0M |
| Q4 25 | $2.5B | $12.9B | ||
| Q3 25 | $2.4B | $13.6B | ||
| Q2 25 | $2.2B | $13.5B | ||
| Q1 25 | $1.9B | $13.2B | ||
| Q4 24 | $1.8B | $13.1B | ||
| Q3 24 | $1.9B | $12.8B | ||
| Q2 24 | $1.9B | $12.2B | ||
| Q1 24 | $1.9B | $11.9B |
| Q4 25 | 0.51× | 11.49× | ||
| Q3 25 | 0.50× | 9.74× | ||
| Q2 25 | 0.48× | 12.14× | ||
| Q1 25 | 0.33× | 16.52× | ||
| Q4 24 | 0.39× | 18.81× | ||
| Q3 24 | 0.42× | 17.75× | ||
| Q2 24 | 0.51× | 60.11× | ||
| Q1 24 | 0.53× | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | $-17.1M | $96.0M |
| FCF MarginFCF / Revenue | -2.1% | 6.4% |
| Capex IntensityCapex / Revenue | 5.2% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $141.0M | ||
| Q3 25 | $1.4M | $264.0M | ||
| Q2 25 | $27.7M | $220.0M | ||
| Q1 25 | $54.8M | $75.0M | ||
| Q4 24 | $60.7M | $390.0M | ||
| Q3 24 | $57.3M | $141.0M | ||
| Q2 24 | $40.5M | $332.0M | ||
| Q1 24 | $39.6M | $76.0M |
| Q4 25 | $-17.1M | $96.0M | ||
| Q3 25 | $-30.5M | $218.0M | ||
| Q2 25 | $200.0K | $181.0M | ||
| Q1 25 | $27.1M | $43.0M | ||
| Q4 24 | $44.7M | $335.0M | ||
| Q3 24 | $43.8M | $99.0M | ||
| Q2 24 | $13.7M | $300.0M | ||
| Q1 24 | $-4.3M | $30.0M |
| Q4 25 | -2.1% | 6.4% | ||
| Q3 25 | -4.1% | 13.6% | ||
| Q2 25 | 0.0% | 11.4% | ||
| Q1 25 | 4.2% | 2.8% | ||
| Q4 24 | 7.2% | 21.0% | ||
| Q3 24 | 6.7% | 6.3% | ||
| Q2 24 | 2.1% | 18.7% | ||
| Q1 24 | -0.7% | 1.8% |
| Q4 25 | 5.2% | 3.0% | ||
| Q3 25 | 4.3% | 2.9% | ||
| Q2 25 | 4.0% | 2.4% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 2.6% | 3.5% | ||
| Q3 24 | 2.1% | 2.7% | ||
| Q2 24 | 4.1% | 2.0% | ||
| Q1 24 | 7.3% | 2.8% |
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | 1.65× | ||
| Q2 25 | 0.54× | 1.52× | ||
| Q1 25 | 1.10× | 0.86× | ||
| Q4 24 | 1.48× | 3.58× | ||
| Q3 24 | 1.24× | 0.39× | ||
| Q2 24 | 0.86× | 1.70× | ||
| Q1 24 | 1.53× | 0.38× |
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% |
OGN
Segment breakdown not available.
