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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
PERRIGO Co plc is the larger business by last-quarter revenue ($1.1B vs $805.0M, roughly 1.4× MODINE MANUFACTURING CO). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -127.8%, a 121.9% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -2.5%). PERRIGO Co plc produced more free cash flow last quarter ($148.6M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 1.3%).
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...
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
MOD vs PRGO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.1B |
| Net Profit | $-47.4M | $-1.4B |
| Gross Margin | 23.1% | 32.6% |
| Operating Margin | 11.1% | -116.0% |
| Net Margin | -5.9% | -127.8% |
| Revenue YoY | 30.5% | -2.5% |
| Net Profit YoY | -215.6% | -3093.9% |
| EPS (diluted) | $-0.90 | $-10.23 |
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 | $1.1B | ||
| Q3 25 | $738.9M | $1.0B | ||
| Q2 25 | $682.8M | $1.1B | ||
| Q1 25 | $647.2M | $1.0B | ||
| Q4 24 | $616.8M | $1.1B | ||
| Q3 24 | $658.0M | $1.1B | ||
| Q2 24 | $661.5M | $1.1B | ||
| Q1 24 | $603.5M | $1.1B |
| Q4 25 | $-47.4M | $-1.4B | ||
| Q3 25 | $44.4M | $7.5M | ||
| Q2 25 | $51.2M | $-8.4M | ||
| Q1 25 | $49.6M | $-6.4M | ||
| Q4 24 | $41.0M | $-44.4M | ||
| Q3 24 | $46.1M | $-21.0M | ||
| Q2 24 | $47.3M | $-108.4M | ||
| Q1 24 | $25.8M | $2.0M |
| Q4 25 | 23.1% | 32.6% | ||
| Q3 25 | 22.3% | 36.1% | ||
| Q2 25 | 24.2% | 34.4% | ||
| Q1 25 | 25.6% | 37.6% | ||
| Q4 24 | 24.3% | 33.9% | ||
| Q3 24 | 25.2% | 37.2% | ||
| Q2 24 | 24.6% | 37.0% | ||
| Q1 24 | 22.4% | 33.1% |
| Q4 25 | 11.1% | -116.0% | ||
| Q3 25 | 9.9% | 7.0% | ||
| Q2 25 | 11.1% | 4.3% | ||
| Q1 25 | 11.5% | 4.5% | ||
| Q4 24 | 9.6% | 10.0% | ||
| Q3 24 | 11.4% | 7.4% | ||
| Q2 24 | 11.2% | -2.5% | ||
| Q1 24 | 7.8% | -5.1% |
| Q4 25 | -5.9% | -127.8% | ||
| Q3 25 | 6.0% | 0.7% | ||
| Q2 25 | 7.5% | -0.8% | ||
| Q1 25 | 7.7% | -0.6% | ||
| Q4 24 | 6.6% | -3.9% | ||
| Q3 24 | 7.0% | -1.9% | ||
| Q2 24 | 7.2% | -10.2% | ||
| Q1 24 | 4.3% | 0.2% |
| Q4 25 | $-0.90 | $-10.23 | ||
| Q3 25 | $0.83 | $0.05 | ||
| Q2 25 | $0.95 | $-0.06 | ||
| Q1 25 | $0.92 | $-0.05 | ||
| Q4 24 | $0.76 | $-0.32 | ||
| Q3 24 | $0.86 | $-0.15 | ||
| Q2 24 | $0.88 | $-0.79 | ||
| Q1 24 | $0.48 | $0.01 |
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 | — |
| Stockholders' EquityBook value | $1.1B | $2.9B |
| Total Assets | $2.5B | $8.5B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | $432.1M | ||
| Q2 25 | $124.5M | $454.2M | ||
| Q1 25 | $71.6M | $409.9M | ||
| Q4 24 | $83.8M | $558.8M | ||
| Q3 24 | $78.6M | $1.5B | ||
| Q2 24 | $72.9M | $542.8M | ||
| Q1 24 | $60.1M | $658.5M |
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $1.1B | $4.4B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $910.2M | $4.4B | ||
| Q4 24 | $855.1M | $4.3B | ||
| Q3 24 | $858.8M | $4.6B | ||
| Q2 24 | $788.4M | $4.5B | ||
| Q1 24 | $747.6M | $4.7B |
| Q4 25 | $2.5B | $8.5B | ||
| Q3 25 | $2.4B | $10.1B | ||
| Q2 25 | $2.2B | $10.1B | ||
| Q1 25 | $1.9B | $9.8B | ||
| Q4 24 | $1.8B | $9.6B | ||
| Q3 24 | $1.9B | $11.2B | ||
| Q2 24 | $1.9B | $10.4B | ||
| Q1 24 | $1.9B | $10.6B |
| 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 | $175.4M |
| Free Cash FlowOCF − Capex | $-17.1M | $148.6M |
| FCF MarginFCF / Revenue | -2.1% | 13.4% |
| Capex IntensityCapex / Revenue | 5.2% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $175.4M | ||
| Q3 25 | $1.4M | $51.7M | ||
| Q2 25 | $27.7M | $75.9M | ||
| Q1 25 | $54.8M | $-64.5M | ||
| Q4 24 | $60.7M | $312.6M | ||
| Q3 24 | $57.3M | $42.2M | ||
| Q2 24 | $40.5M | $9.5M | ||
| Q1 24 | $39.6M | $-1.4M |
| Q4 25 | $-17.1M | $148.6M | ||
| Q3 25 | $-30.5M | $29.8M | ||
| Q2 25 | $200.0K | $56.7M | ||
| Q1 25 | $27.1M | $-90.0M | ||
| Q4 24 | $44.7M | $274.9M | ||
| Q3 24 | $43.8M | $15.1M | ||
| Q2 24 | $13.7M | $-18.9M | ||
| Q1 24 | $-4.3M | $-26.5M |
| Q4 25 | -2.1% | 13.4% | ||
| Q3 25 | -4.1% | 2.9% | ||
| Q2 25 | 0.0% | 5.4% | ||
| Q1 25 | 4.2% | -8.6% | ||
| Q4 24 | 7.2% | 24.2% | ||
| Q3 24 | 6.7% | 1.4% | ||
| Q2 24 | 2.1% | -1.8% | ||
| Q1 24 | -0.7% | -2.4% |
| Q4 25 | 5.2% | 2.4% | ||
| Q3 25 | 4.3% | 2.1% | ||
| Q2 25 | 4.0% | 1.8% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 2.6% | 3.3% | ||
| Q3 24 | 2.1% | 2.5% | ||
| Q2 24 | 4.1% | 2.7% | ||
| Q1 24 | 7.3% | 2.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | 6.89× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
