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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $766.5M, roughly 1.1× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -5.9%, a 8.0% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 0.9%).
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...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
MOD vs SCSC — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $766.5M |
| Net Profit | $-47.4M | $16.5M |
| Gross Margin | 23.1% | 13.4% |
| Operating Margin | 11.1% | 2.3% |
| Net Margin | -5.9% | 2.2% |
| Revenue YoY | 30.5% | 2.5% |
| Net Profit YoY | -215.6% | -3.3% |
| EPS (diluted) | $-0.90 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $738.9M | $739.6M | ||
| Q2 25 | $682.8M | $812.9M | ||
| Q1 25 | $647.2M | $704.8M | ||
| Q4 24 | $616.8M | $747.5M | ||
| Q3 24 | $658.0M | $775.6M | ||
| Q2 24 | $661.5M | $746.1M | ||
| Q1 24 | $603.5M | $752.6M |
| Q4 25 | $-47.4M | $16.5M | ||
| Q3 25 | $44.4M | $19.9M | ||
| Q2 25 | $51.2M | $20.1M | ||
| Q1 25 | $49.6M | $17.4M | ||
| Q4 24 | $41.0M | $17.1M | ||
| Q3 24 | $46.1M | $17.0M | ||
| Q2 24 | $47.3M | $16.1M | ||
| Q1 24 | $25.8M | $12.8M |
| Q4 25 | 23.1% | 13.4% | ||
| Q3 25 | 22.3% | 14.5% | ||
| Q2 25 | 24.2% | 12.9% | ||
| Q1 25 | 25.6% | 14.2% | ||
| Q4 24 | 24.3% | 13.6% | ||
| Q3 24 | 25.2% | 13.1% | ||
| Q2 24 | 24.6% | 13.0% | ||
| Q1 24 | 22.4% | 12.6% |
| Q4 25 | 11.1% | 2.3% | ||
| Q3 25 | 9.9% | 3.5% | ||
| Q2 25 | 11.1% | 3.3% | ||
| Q1 25 | 11.5% | 3.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 11.4% | 2.3% | ||
| Q2 24 | 11.2% | 2.9% | ||
| Q1 24 | 7.8% | 2.3% |
| Q4 25 | -5.9% | 2.2% | ||
| Q3 25 | 6.0% | 2.7% | ||
| Q2 25 | 7.5% | 2.5% | ||
| Q1 25 | 7.7% | 2.5% | ||
| Q4 24 | 6.6% | 2.3% | ||
| Q3 24 | 7.0% | 2.2% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 4.3% | 1.7% |
| Q4 25 | $-0.90 | $0.75 | ||
| Q3 25 | $0.83 | $0.89 | ||
| Q2 25 | $0.95 | $0.87 | ||
| Q1 25 | $0.92 | $0.74 | ||
| Q4 24 | $0.76 | $0.70 | ||
| Q3 24 | $0.86 | $0.69 | ||
| Q2 24 | $0.88 | $0.66 | ||
| Q1 24 | $0.48 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $1.1B | $910.9M |
| Total Assets | $2.5B | $1.7B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $83.5M | ||
| Q3 25 | $83.8M | $124.9M | ||
| Q2 25 | $124.5M | $126.2M | ||
| Q1 25 | $71.6M | $146.3M | ||
| Q4 24 | $83.8M | $110.5M | ||
| Q3 24 | $78.6M | $145.0M | ||
| Q2 24 | $72.9M | $185.5M | ||
| Q1 24 | $60.1M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $1.1B | $914.0M | ||
| Q2 25 | $1.0B | $906.4M | ||
| Q1 25 | $910.2M | $901.7M | ||
| Q4 24 | $855.1M | $900.7M | ||
| Q3 24 | $858.8M | $920.9M | ||
| Q2 24 | $788.4M | $924.3M | ||
| Q1 24 | $747.6M | $944.1M |
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.9B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $-17.1M | $28.9M |
| FCF MarginFCF / Revenue | -2.1% | 3.8% |
| Capex IntensityCapex / Revenue | 5.2% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $30.8M | ||
| Q3 25 | $1.4M | $23.2M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $54.8M | $66.1M | ||
| Q4 24 | $60.7M | $-6.2M | ||
| Q3 24 | $57.3M | $44.8M | ||
| Q2 24 | $40.5M | — | ||
| Q1 24 | $39.6M | $160.2M |
| Q4 25 | $-17.1M | $28.9M | ||
| Q3 25 | $-30.5M | $20.8M | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | $64.6M | ||
| Q4 24 | $44.7M | $-8.2M | ||
| Q3 24 | $43.8M | $42.5M | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | $157.7M |
| Q4 25 | -2.1% | 3.8% | ||
| Q3 25 | -4.1% | 2.8% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | 9.2% | ||
| Q4 24 | 7.2% | -1.1% | ||
| Q3 24 | 6.7% | 5.5% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | 21.0% |
| Q4 25 | 5.2% | 0.3% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 4.0% | 0.3% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 4.1% | 0.2% | ||
| Q1 24 | 7.3% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.03× | 1.17× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | 3.79× | ||
| Q4 24 | 1.48× | -0.36× | ||
| Q3 24 | 1.24× | 2.64× | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
