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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $805.0M, roughly 1.5× MODINE MANUFACTURING CO). Public Storage runs the higher net margin — 41.7% vs -5.9%, a 47.6% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 3.3%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 2.5%).
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...
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
MOD vs PSA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.2B |
| Net Profit | $-47.4M | $507.1M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | 40.7% |
| Net Margin | -5.9% | 41.7% |
| Revenue YoY | 30.5% | 3.3% |
| Net Profit YoY | -215.6% | -17.5% |
| EPS (diluted) | $-0.90 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $738.9M | $1.2B | ||
| Q2 25 | $682.8M | $1.2B | ||
| Q1 25 | $647.2M | $1.2B | ||
| Q4 24 | $616.8M | $1.2B | ||
| Q3 24 | $658.0M | $1.2B | ||
| Q2 24 | $661.5M | $1.2B | ||
| Q1 24 | $603.5M | $1.2B |
| Q4 25 | $-47.4M | $507.1M | ||
| Q3 25 | $44.4M | $511.1M | ||
| Q2 25 | $51.2M | $358.4M | ||
| Q1 25 | $49.6M | $407.8M | ||
| Q4 24 | $41.0M | $614.6M | ||
| Q3 24 | $46.1M | $430.3M | ||
| Q2 24 | $47.3M | $518.1M | ||
| Q1 24 | $25.8M | $508.9M |
| 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% | 40.7% | ||
| Q3 25 | 9.9% | 42.3% | ||
| Q2 25 | 11.1% | 30.4% | ||
| Q1 25 | 11.5% | 34.8% | ||
| Q4 24 | 9.6% | 52.4% | ||
| Q3 24 | 11.4% | 36.7% | ||
| Q2 24 | 11.2% | 44.6% | ||
| Q1 24 | 7.8% | 44.3% |
| Q4 25 | -5.9% | 41.7% | ||
| Q3 25 | 6.0% | 41.8% | ||
| Q2 25 | 7.5% | 29.8% | ||
| Q1 25 | 7.7% | 34.5% | ||
| Q4 24 | 6.6% | 52.2% | ||
| Q3 24 | 7.0% | 36.2% | ||
| Q2 24 | 7.2% | 44.2% | ||
| Q1 24 | 4.3% | 44.0% |
| Q4 25 | $-0.90 | $2.59 | ||
| Q3 25 | $0.83 | $2.62 | ||
| Q2 25 | $0.95 | $1.76 | ||
| Q1 25 | $0.92 | $2.04 | ||
| Q4 24 | $0.76 | $3.22 | ||
| Q3 24 | $0.86 | $2.16 | ||
| Q2 24 | $0.88 | $2.66 | ||
| Q1 24 | $0.48 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $570.7M | $10.3B |
| Stockholders' EquityBook value | $1.1B | $9.2B |
| Total Assets | $2.5B | $20.2B |
| Debt / EquityLower = less leverage | 0.51× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $318.1M | ||
| Q3 25 | $83.8M | $296.5M | ||
| Q2 25 | $124.5M | $1.1B | ||
| Q1 25 | $71.6M | $287.2M | ||
| Q4 24 | $83.8M | $447.4M | ||
| Q3 24 | $78.6M | $599.0M | ||
| Q2 24 | $72.9M | $542.3M | ||
| Q1 24 | $60.1M | $271.6M |
| Q4 25 | $570.7M | $10.3B | ||
| Q3 25 | $525.8M | $10.0B | ||
| Q2 25 | $482.1M | $10.4B | ||
| Q1 25 | $296.7M | $9.4B | ||
| Q4 24 | $330.0M | $9.4B | ||
| Q3 24 | $359.1M | $9.5B | ||
| Q2 24 | $405.7M | $9.4B | ||
| Q1 24 | $399.9M | $9.1B |
| Q4 25 | $1.1B | $9.2B | ||
| Q3 25 | $1.1B | $9.3B | ||
| Q2 25 | $1.0B | $9.4B | ||
| Q1 25 | $910.2M | $9.6B | ||
| Q4 24 | $855.1M | $9.7B | ||
| Q3 24 | $858.8M | $9.6B | ||
| Q2 24 | $788.4M | $9.7B | ||
| Q1 24 | $747.6M | $9.9B |
| Q4 25 | $2.5B | $20.2B | ||
| Q3 25 | $2.4B | $20.1B | ||
| Q2 25 | $2.2B | $20.5B | ||
| Q1 25 | $1.9B | $19.6B | ||
| Q4 24 | $1.8B | $19.8B | ||
| Q3 24 | $1.9B | $19.8B | ||
| Q2 24 | $1.9B | $19.8B | ||
| Q1 24 | $1.9B | $19.6B |
| Q4 25 | 0.51× | 1.11× | ||
| Q3 25 | 0.50× | 1.08× | ||
| Q2 25 | 0.48× | 1.11× | ||
| Q1 25 | 0.33× | 0.99× | ||
| Q4 24 | 0.39× | 0.96× | ||
| Q3 24 | 0.42× | 0.99× | ||
| Q2 24 | 0.51× | 0.97× | ||
| Q1 24 | 0.53× | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $-17.1M | — |
| FCF MarginFCF / Revenue | -2.1% | — |
| Capex IntensityCapex / Revenue | 5.2% | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $733.6M | ||
| Q3 25 | $1.4M | $875.1M | ||
| Q2 25 | $27.7M | $872.7M | ||
| Q1 25 | $54.8M | $705.1M | ||
| Q4 24 | $60.7M | $768.6M | ||
| Q3 24 | $57.3M | $798.8M | ||
| Q2 24 | $40.5M | $895.3M | ||
| Q1 24 | $39.6M | $665.6M |
| 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 | — | 1.45× | ||
| Q3 25 | 0.03× | 1.71× | ||
| Q2 25 | 0.54× | 2.43× | ||
| Q1 25 | 1.10× | 1.73× | ||
| Q4 24 | 1.48× | 1.25× | ||
| Q3 24 | 1.24× | 1.86× | ||
| Q2 24 | 0.86× | 1.73× | ||
| Q1 24 | 1.53× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
