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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Insulet Corporation (PODD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $783.7M, roughly 1.0× Insulet Corporation). Insulet Corporation runs the higher net margin — 13.0% vs -5.9%, a 18.9% gap on every dollar of revenue. On growth, Insulet Corporation posted the faster year-over-year revenue change (31.2% vs 30.5%). Insulet Corporation produced more free cash flow last quarter ($48.2M vs $-17.1M). Over the past eight quarters, Insulet Corporation's revenue compounded faster (33.2% 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...
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin therapy . The device configuration may vary depending on design. A traditional pump includes:the pump a disposable reservoir for insulin a disposable infusion set, including a cannula for subcutaneous insertion and a tubing system to connect the insulin reservoir to the cannula.
MOD vs PODD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $783.7M |
| Net Profit | $-47.4M | $101.6M |
| Gross Margin | 23.1% | 72.6% |
| Operating Margin | 11.1% | 18.7% |
| Net Margin | -5.9% | 13.0% |
| Revenue YoY | 30.5% | 31.2% |
| Net Profit YoY | -215.6% | 0.9% |
| EPS (diluted) | $-0.90 | $1.42 |
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 | $783.7M | ||
| Q3 25 | $738.9M | $706.3M | ||
| Q2 25 | $682.8M | $649.1M | ||
| Q1 25 | $647.2M | $569.0M | ||
| Q4 24 | $616.8M | $597.5M | ||
| Q3 24 | $658.0M | $543.9M | ||
| Q2 24 | $661.5M | $488.5M | ||
| Q1 24 | $603.5M | $441.7M |
| Q4 25 | $-47.4M | $101.6M | ||
| Q3 25 | $44.4M | $87.6M | ||
| Q2 25 | $51.2M | $22.5M | ||
| Q1 25 | $49.6M | $35.4M | ||
| Q4 24 | $41.0M | $100.7M | ||
| Q3 24 | $46.1M | $77.5M | ||
| Q2 24 | $47.3M | $188.6M | ||
| Q1 24 | $25.8M | $51.5M |
| Q4 25 | 23.1% | 72.6% | ||
| Q3 25 | 22.3% | 72.2% | ||
| Q2 25 | 24.2% | 69.7% | ||
| Q1 25 | 25.6% | 71.9% | ||
| Q4 24 | 24.3% | 72.1% | ||
| Q3 24 | 25.2% | 69.3% | ||
| Q2 24 | 24.6% | 67.7% | ||
| Q1 24 | 22.4% | 69.5% |
| Q4 25 | 11.1% | 18.7% | ||
| Q3 25 | 9.9% | 16.7% | ||
| Q2 25 | 11.1% | 18.7% | ||
| Q1 25 | 11.5% | 15.6% | ||
| Q4 24 | 9.6% | 18.3% | ||
| Q3 24 | 11.4% | 16.2% | ||
| Q2 24 | 11.2% | 11.2% | ||
| Q1 24 | 7.8% | 12.9% |
| Q4 25 | -5.9% | 13.0% | ||
| Q3 25 | 6.0% | 12.4% | ||
| Q2 25 | 7.5% | 3.5% | ||
| Q1 25 | 7.7% | 6.2% | ||
| Q4 24 | 6.6% | 16.9% | ||
| Q3 24 | 7.0% | 14.2% | ||
| Q2 24 | 7.2% | 38.6% | ||
| Q1 24 | 4.3% | 11.7% |
| Q4 25 | $-0.90 | $1.42 | ||
| Q3 25 | $0.83 | $1.24 | ||
| Q2 25 | $0.95 | $0.32 | ||
| Q1 25 | $0.92 | $0.50 | ||
| Q4 24 | $0.76 | $1.38 | ||
| Q3 24 | $0.86 | $1.08 | ||
| Q2 24 | $0.88 | $2.59 | ||
| Q1 24 | $0.48 | $0.73 |
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 | — |
| Total DebtLower is stronger | $570.7M | $930.8M |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $2.5B | $3.2B |
| Debt / EquityLower = less leverage | 0.51× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | — | ||
| Q2 25 | $124.5M | — | ||
| Q1 25 | $71.6M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $78.6M | — | ||
| Q2 24 | $72.9M | — | ||
| Q1 24 | $60.1M | — |
| Q4 25 | $570.7M | $930.8M | ||
| Q3 25 | $525.8M | $934.9M | ||
| Q2 25 | $482.1M | $939.0M | ||
| Q1 25 | $296.7M | $1.6B | ||
| Q4 24 | $330.0M | $1.3B | ||
| Q3 24 | $359.1M | $1.4B | ||
| Q2 24 | $405.7M | $1.4B | ||
| Q1 24 | $399.9M | $1.4B |
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $910.2M | $1.3B | ||
| Q4 24 | $855.1M | $1.2B | ||
| Q3 24 | $858.8M | $1.1B | ||
| Q2 24 | $788.4M | $998.4M | ||
| Q1 24 | $747.6M | $790.7M |
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.2B | $3.5B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $1.8B | $3.1B | ||
| Q3 24 | $1.9B | $3.0B | ||
| Q2 24 | $1.9B | $2.9B | ||
| Q1 24 | $1.9B | $2.6B |
| Q4 25 | 0.51× | 0.61× | ||
| Q3 25 | 0.50× | 0.68× | ||
| Q2 25 | 0.48× | 0.64× | ||
| Q1 25 | 0.33× | 1.21× | ||
| Q4 24 | 0.39× | 1.07× | ||
| Q3 24 | 0.42× | 1.21× | ||
| Q2 24 | 0.51× | 1.36× | ||
| Q1 24 | 0.53× | 1.72× |
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 | $183.3M |
| Free Cash FlowOCF − Capex | $-17.1M | $48.2M |
| FCF MarginFCF / Revenue | -2.1% | 6.2% |
| Capex IntensityCapex / Revenue | 5.2% | 17.2% |
| Cash ConversionOCF / Net Profit | — | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $377.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $183.3M | ||
| Q3 25 | $1.4M | $125.7M | ||
| Q2 25 | $27.7M | $196.5M | ||
| Q1 25 | $54.8M | $63.8M | ||
| Q4 24 | $60.7M | $147.7M | ||
| Q3 24 | $57.3M | $98.5M | ||
| Q2 24 | $40.5M | $96.5M | ||
| Q1 24 | $39.6M | $87.6M |
| Q4 25 | $-17.1M | $48.2M | ||
| Q3 25 | $-30.5M | $100.1M | ||
| Q2 25 | $200.0K | $177.9M | ||
| Q1 25 | $27.1M | $51.5M | ||
| Q4 24 | $44.7M | $94.1M | ||
| Q3 24 | $43.8M | $71.8M | ||
| Q2 24 | $13.7M | $74.0M | ||
| Q1 24 | $-4.3M | $65.5M |
| Q4 25 | -2.1% | 6.2% | ||
| Q3 25 | -4.1% | 14.2% | ||
| Q2 25 | 0.0% | 27.4% | ||
| Q1 25 | 4.2% | 9.1% | ||
| Q4 24 | 7.2% | 15.7% | ||
| Q3 24 | 6.7% | 13.2% | ||
| Q2 24 | 2.1% | 15.1% | ||
| Q1 24 | -0.7% | 14.8% |
| Q4 25 | 5.2% | 17.2% | ||
| Q3 25 | 4.3% | 3.6% | ||
| Q2 25 | 4.0% | 2.9% | ||
| Q1 25 | 4.3% | 2.2% | ||
| Q4 24 | 2.6% | 9.0% | ||
| Q3 24 | 2.1% | 4.9% | ||
| Q2 24 | 4.1% | 4.6% | ||
| Q1 24 | 7.3% | 5.0% |
| Q4 25 | — | 1.80× | ||
| Q3 25 | 0.03× | 1.43× | ||
| Q2 25 | 0.54× | 8.73× | ||
| Q1 25 | 1.10× | 1.80× | ||
| Q4 24 | 1.48× | 1.47× | ||
| Q3 24 | 1.24× | 1.27× | ||
| Q2 24 | 0.86× | 0.51× | ||
| Q1 24 | 1.53× | 1.70× |
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% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
