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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $805.0M, roughly 1.1× MODINE MANUFACTURING CO). RH runs the higher net margin — 4.1% vs -5.9%, a 10.0% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 8.9%). RH produced more free cash flow last quarter ($83.0M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 9.4%).
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...
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
MOD vs RH — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $883.8M |
| Net Profit | $-47.4M | $36.3M |
| Gross Margin | 23.1% | 44.1% |
| Operating Margin | 11.1% | 12.0% |
| Net Margin | -5.9% | 4.1% |
| Revenue YoY | 30.5% | 8.9% |
| Net Profit YoY | -215.6% | 9.3% |
| EPS (diluted) | $-0.90 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $738.9M | $899.2M | ||
| Q2 25 | $682.8M | $814.0M | ||
| Q1 25 | $647.2M | $812.4M | ||
| Q4 24 | $616.8M | $811.7M | ||
| Q3 24 | $658.0M | $829.7M | ||
| Q2 24 | $661.5M | $727.0M | ||
| Q1 24 | $603.5M | $738.3M |
| Q4 25 | $-47.4M | $36.3M | ||
| Q3 25 | $44.4M | $51.7M | ||
| Q2 25 | $51.2M | $8.0M | ||
| Q1 25 | $49.6M | $13.9M | ||
| Q4 24 | $41.0M | $33.2M | ||
| Q3 24 | $46.1M | $29.0M | ||
| Q2 24 | $47.3M | $-3.6M | ||
| Q1 24 | $25.8M | $11.4M |
| Q4 25 | 23.1% | 44.1% | ||
| Q3 25 | 22.3% | 45.5% | ||
| Q2 25 | 24.2% | 43.7% | ||
| Q1 25 | 25.6% | 44.7% | ||
| Q4 24 | 24.3% | 44.5% | ||
| Q3 24 | 25.2% | 45.2% | ||
| Q2 24 | 24.6% | 43.5% | ||
| Q1 24 | 22.4% | 43.5% |
| Q4 25 | 11.1% | 12.0% | ||
| Q3 25 | 9.9% | 14.3% | ||
| Q2 25 | 11.1% | 6.9% | ||
| Q1 25 | 11.5% | 8.7% | ||
| Q4 24 | 9.6% | 12.5% | ||
| Q3 24 | 11.4% | 11.6% | ||
| Q2 24 | 11.2% | 7.5% | ||
| Q1 24 | 7.8% | 8.7% |
| Q4 25 | -5.9% | 4.1% | ||
| Q3 25 | 6.0% | 5.8% | ||
| Q2 25 | 7.5% | 1.0% | ||
| Q1 25 | 7.7% | 1.7% | ||
| Q4 24 | 6.6% | 4.1% | ||
| Q3 24 | 7.0% | 3.5% | ||
| Q2 24 | 7.2% | -0.5% | ||
| Q1 24 | 4.3% | 1.5% |
| Q4 25 | $-0.90 | $1.83 | ||
| Q3 25 | $0.83 | $2.62 | ||
| Q2 25 | $0.95 | $0.40 | ||
| Q1 25 | $0.92 | $0.71 | ||
| Q4 24 | $0.76 | $1.66 | ||
| Q3 24 | $0.86 | $1.45 | ||
| Q2 24 | $0.88 | $-0.20 | ||
| Q1 24 | $0.48 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $1.1B | $3.3M |
| Total Assets | $2.5B | $4.8B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $43.1M | ||
| Q3 25 | $83.8M | $34.6M | ||
| Q2 25 | $124.5M | $46.1M | ||
| Q1 25 | $71.6M | $30.4M | ||
| Q4 24 | $83.8M | $87.0M | ||
| Q3 24 | $78.6M | $78.3M | ||
| Q2 24 | $72.9M | $101.8M | ||
| Q1 24 | $60.1M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $1.1B | $-40.9M | ||
| Q2 25 | $1.0B | $-110.8M | ||
| Q1 25 | $910.2M | $-163.6M | ||
| Q4 24 | $855.1M | $-183.0M | ||
| Q3 24 | $858.8M | $-234.7M | ||
| Q2 24 | $788.4M | $-289.9M | ||
| Q1 24 | $747.6M | $-297.4M |
| Q4 25 | $2.5B | $4.8B | ||
| Q3 25 | $2.4B | $4.7B | ||
| Q2 25 | $2.2B | $4.7B | ||
| Q1 25 | $1.9B | $4.6B | ||
| Q4 24 | $1.8B | $4.5B | ||
| Q3 24 | $1.9B | $4.4B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $1.9B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $-17.1M | $83.0M |
| FCF MarginFCF / Revenue | -2.1% | 9.4% |
| Capex IntensityCapex / Revenue | 5.2% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $131.9M | ||
| Q3 25 | $1.4M | $137.7M | ||
| Q2 25 | $27.7M | $86.6M | ||
| Q1 25 | $54.8M | $-18.8M | ||
| Q4 24 | $60.7M | $-31.4M | ||
| Q3 24 | $57.3M | $11.2M | ||
| Q2 24 | $40.5M | $56.1M | ||
| Q1 24 | $39.6M | $-114.0M |
| Q4 25 | $-17.1M | $83.0M | ||
| Q3 25 | $-30.5M | $80.7M | ||
| Q2 25 | $200.0K | $34.1M | ||
| Q1 25 | $27.1M | $-69.7M | ||
| Q4 24 | $44.7M | $-96.0M | ||
| Q3 24 | $43.8M | $-37.9M | ||
| Q2 24 | $13.7M | $-10.1M | ||
| Q1 24 | $-4.3M | $-251.5M |
| Q4 25 | -2.1% | 9.4% | ||
| Q3 25 | -4.1% | 9.0% | ||
| Q2 25 | 0.0% | 4.2% | ||
| Q1 25 | 4.2% | -8.6% | ||
| Q4 24 | 7.2% | -11.8% | ||
| Q3 24 | 6.7% | -4.6% | ||
| Q2 24 | 2.1% | -1.4% | ||
| Q1 24 | -0.7% | -34.1% |
| Q4 25 | 5.2% | 5.5% | ||
| Q3 25 | 4.3% | 6.3% | ||
| Q2 25 | 4.0% | 6.5% | ||
| Q1 25 | 4.3% | 6.3% | ||
| Q4 24 | 2.6% | 8.0% | ||
| Q3 24 | 2.1% | 5.9% | ||
| Q2 24 | 4.1% | 9.1% | ||
| Q1 24 | 7.3% | 18.6% |
| Q4 25 | — | 3.64× | ||
| Q3 25 | 0.03× | 2.66× | ||
| Q2 25 | 0.54× | 10.78× | ||
| Q1 25 | 1.10× | -1.35× | ||
| Q4 24 | 1.48× | -0.95× | ||
| Q3 24 | 1.24× | 0.39× | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
