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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Sally Beauty Holdings, Inc. is the larger business by last-quarter revenue ($943.2M vs $805.0M, roughly 1.2× MODINE MANUFACTURING CO). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs -5.9%, a 10.7% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 0.6%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 1.9%).
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...
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
MOD vs SBH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $943.2M |
| Net Profit | $-47.4M | $45.6M |
| Gross Margin | 23.1% | 51.2% |
| Operating Margin | 11.1% | 8.1% |
| Net Margin | -5.9% | 4.8% |
| Revenue YoY | 30.5% | 0.6% |
| Net Profit YoY | -215.6% | -25.3% |
| EPS (diluted) | $-0.90 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $738.9M | $947.1M | ||
| Q2 25 | $682.8M | $933.3M | ||
| Q1 25 | $647.2M | $883.1M | ||
| Q4 24 | $616.8M | $937.9M | ||
| Q3 24 | $658.0M | $935.0M | ||
| Q2 24 | $661.5M | $942.3M | ||
| Q1 24 | $603.5M | $908.4M |
| Q4 25 | $-47.4M | $45.6M | ||
| Q3 25 | $44.4M | $49.9M | ||
| Q2 25 | $51.2M | $45.7M | ||
| Q1 25 | $49.6M | $39.2M | ||
| Q4 24 | $41.0M | $61.0M | ||
| Q3 24 | $46.1M | $48.1M | ||
| Q2 24 | $47.3M | $37.7M | ||
| Q1 24 | $25.8M | $29.2M |
| Q4 25 | 23.1% | 51.2% | ||
| Q3 25 | 22.3% | 52.2% | ||
| Q2 25 | 24.2% | 51.5% | ||
| Q1 25 | 25.6% | 52.0% | ||
| Q4 24 | 24.3% | 50.8% | ||
| Q3 24 | 25.2% | 51.2% | ||
| Q2 24 | 24.6% | 51.0% | ||
| Q1 24 | 22.4% | 51.0% |
| Q4 25 | 11.1% | 8.1% | ||
| Q3 25 | 9.9% | 8.4% | ||
| Q2 25 | 11.1% | 8.4% | ||
| Q1 25 | 11.5% | 7.9% | ||
| Q4 24 | 9.6% | 10.7% | ||
| Q3 24 | 11.4% | 8.8% | ||
| Q2 24 | 11.2% | 7.6% | ||
| Q1 24 | 7.8% | 6.6% |
| Q4 25 | -5.9% | 4.8% | ||
| Q3 25 | 6.0% | 5.3% | ||
| Q2 25 | 7.5% | 4.9% | ||
| Q1 25 | 7.7% | 4.4% | ||
| Q4 24 | 6.6% | 6.5% | ||
| Q3 24 | 7.0% | 5.1% | ||
| Q2 24 | 7.2% | 4.0% | ||
| Q1 24 | 4.3% | 3.2% |
| Q4 25 | $-0.90 | $0.45 | ||
| Q3 25 | $0.83 | $0.49 | ||
| Q2 25 | $0.95 | $0.44 | ||
| Q1 25 | $0.92 | $0.38 | ||
| Q4 24 | $0.76 | $0.58 | ||
| Q3 24 | $0.86 | $0.45 | ||
| Q2 24 | $0.88 | $0.36 | ||
| Q1 24 | $0.48 | $0.27 |
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 | $157.2M |
| Total DebtLower is stronger | $570.7M | $842.5M |
| Stockholders' EquityBook value | $1.1B | $823.6M |
| Total Assets | $2.5B | $2.9B |
| Debt / EquityLower = less leverage | 0.51× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $157.2M | ||
| Q3 25 | $83.8M | $149.2M | ||
| Q2 25 | $124.5M | $112.8M | ||
| Q1 25 | $71.6M | $92.2M | ||
| Q4 24 | $83.8M | $105.5M | ||
| Q3 24 | $78.6M | $108.0M | ||
| Q2 24 | $72.9M | $97.4M | ||
| Q1 24 | $60.1M | $97.2M |
| Q4 25 | $570.7M | $842.5M | ||
| Q3 25 | $525.8M | $862.0M | ||
| Q2 25 | $482.1M | $882.4M | ||
| Q1 25 | $296.7M | $902.8M | ||
| Q4 24 | $330.0M | $938.1M | ||
| Q3 24 | $359.1M | $978.3M | ||
| Q2 24 | $405.7M | $978.9M | ||
| Q1 24 | $399.9M | $978.4M |
| Q4 25 | $1.1B | $823.6M | ||
| Q3 25 | $1.1B | $794.2M | ||
| Q2 25 | $1.0B | $762.9M | ||
| Q1 25 | $910.2M | $699.8M | ||
| Q4 24 | $855.1M | $656.5M | ||
| Q3 24 | $858.8M | $628.5M | ||
| Q2 24 | $788.4M | $577.7M | ||
| Q1 24 | $747.6M | $550.9M |
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $1.9B | $2.7B |
| Q4 25 | 0.51× | 1.02× | ||
| Q3 25 | 0.50× | 1.09× | ||
| Q2 25 | 0.48× | 1.16× | ||
| Q1 25 | 0.33× | 1.29× | ||
| Q4 24 | 0.39× | 1.43× | ||
| Q3 24 | 0.42× | 1.56× | ||
| Q2 24 | 0.51× | 1.69× | ||
| Q1 24 | 0.53× | 1.78× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | $-17.1M | $57.5M |
| FCF MarginFCF / Revenue | -2.1% | 6.1% |
| Capex IntensityCapex / Revenue | 5.2% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $93.2M | ||
| Q3 25 | $1.4M | $120.9M | ||
| Q2 25 | $27.7M | $69.4M | ||
| Q1 25 | $54.8M | $51.1M | ||
| Q4 24 | $60.7M | $33.5M | ||
| Q3 24 | $57.3M | $110.7M | ||
| Q2 24 | $40.5M | $47.9M | ||
| Q1 24 | $39.6M | $36.9M |
| Q4 25 | $-17.1M | $57.5M | ||
| Q3 25 | $-30.5M | $78.0M | ||
| Q2 25 | $200.0K | $49.1M | ||
| Q1 25 | $27.1M | $32.2M | ||
| Q4 24 | $44.7M | $13.4M | ||
| Q3 24 | $43.8M | $73.3M | ||
| Q2 24 | $13.7M | $28.7M | ||
| Q1 24 | $-4.3M | $22.8M |
| Q4 25 | -2.1% | 6.1% | ||
| Q3 25 | -4.1% | 8.2% | ||
| Q2 25 | 0.0% | 5.3% | ||
| Q1 25 | 4.2% | 3.6% | ||
| Q4 24 | 7.2% | 1.4% | ||
| Q3 24 | 6.7% | 7.8% | ||
| Q2 24 | 2.1% | 3.1% | ||
| Q1 24 | -0.7% | 2.5% |
| Q4 25 | 5.2% | 3.8% | ||
| Q3 25 | 4.3% | 4.5% | ||
| Q2 25 | 4.0% | 2.2% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 2.1% | 4.0% | ||
| Q2 24 | 4.1% | 2.0% | ||
| Q1 24 | 7.3% | 1.6% |
| Q4 25 | — | 2.05× | ||
| Q3 25 | 0.03× | 2.42× | ||
| Q2 25 | 0.54× | 1.52× | ||
| Q1 25 | 1.10× | 1.30× | ||
| Q4 24 | 1.48× | 0.55× | ||
| Q3 24 | 1.24× | 2.30× | ||
| Q2 24 | 0.86× | 1.27× | ||
| Q1 24 | 1.53× | 1.26× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
