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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $805.0M, roughly 1.8× MODINE MANUFACTURING CO). SELECT MEDICAL HOLDINGS CORP runs the higher net margin — 4.5% vs -5.9%, a 10.4% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 5.0%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 5.3%).
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...
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
MOD vs SEM — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.4B |
| Net Profit | $-47.4M | $63.8M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | 6.9% |
| Net Margin | -5.9% | 4.5% |
| Revenue YoY | 30.5% | 5.0% |
| Net Profit YoY | -215.6% | -14.7% |
| EPS (diluted) | $-0.90 | $0.35 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $805.0M | $1.4B | ||
| Q3 25 | $738.9M | $1.4B | ||
| Q2 25 | $682.8M | $1.3B | ||
| Q1 25 | $647.2M | $1.4B | ||
| Q4 24 | $616.8M | $1.3B | ||
| Q3 24 | $658.0M | $1.3B | ||
| Q2 24 | $661.5M | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $-47.4M | $20.2M | ||
| Q3 25 | $44.4M | $28.8M | ||
| Q2 25 | $51.2M | $40.6M | ||
| Q1 25 | $49.6M | $56.7M | ||
| Q4 24 | $41.0M | $-16.1M | ||
| Q3 24 | $46.1M | $55.6M | ||
| Q2 24 | $47.3M | $77.6M |
| Q1 26 | — | — | ||
| 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 26 | — | 6.9% | ||
| Q4 25 | 11.1% | 4.6% | ||
| Q3 25 | 9.9% | 5.4% | ||
| Q2 25 | 11.1% | 6.5% | ||
| Q1 25 | 11.5% | 8.3% | ||
| Q4 24 | 9.6% | 1.6% | ||
| Q3 24 | 11.4% | 4.3% | ||
| Q2 24 | 11.2% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | -5.9% | 1.4% | ||
| Q3 25 | 6.0% | 2.1% | ||
| Q2 25 | 7.5% | 3.0% | ||
| Q1 25 | 7.7% | 4.2% | ||
| Q4 24 | 6.6% | -1.2% | ||
| Q3 24 | 7.0% | 4.4% | ||
| Q2 24 | 7.2% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $-0.90 | $0.17 | ||
| Q3 25 | $0.83 | $0.23 | ||
| Q2 25 | $0.95 | $0.32 | ||
| Q1 25 | $0.92 | $0.44 | ||
| Q4 24 | $0.76 | $-0.12 | ||
| Q3 24 | $0.86 | $0.43 | ||
| Q2 24 | $0.88 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $570.7M | $1.8B |
| Stockholders' EquityBook value | $1.1B | $2.1B |
| Total Assets | $2.5B | $6.0B |
| Debt / EquityLower = less leverage | 0.51× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $98.7M | $26.5M | ||
| Q3 25 | $83.8M | $60.1M | ||
| Q2 25 | $124.5M | $52.3M | ||
| Q1 25 | $71.6M | $53.2M | ||
| Q4 24 | $83.8M | $59.7M | ||
| Q3 24 | $78.6M | $191.5M | ||
| Q2 24 | $72.9M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $570.7M | $1.8B | ||
| Q3 25 | $525.8M | $1.7B | ||
| Q2 25 | $482.1M | $1.8B | ||
| Q1 25 | $296.7M | $1.8B | ||
| Q4 24 | $330.0M | $1.7B | ||
| Q3 24 | $359.1M | $3.1B | ||
| Q2 24 | $405.7M | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $910.2M | $1.7B | ||
| Q4 24 | $855.1M | $1.7B | ||
| Q3 24 | $858.8M | $1.9B | ||
| Q2 24 | $788.4M | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $2.5B | $5.9B | ||
| Q3 25 | $2.4B | $5.7B | ||
| Q2 25 | $2.2B | $5.7B | ||
| Q1 25 | $1.9B | $5.7B | ||
| Q4 24 | $1.8B | $5.6B | ||
| Q3 24 | $1.9B | $8.0B | ||
| Q2 24 | $1.9B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.51× | 1.06× | ||
| Q3 25 | 0.50× | 1.03× | ||
| Q2 25 | 0.48× | 1.10× | ||
| Q1 25 | 0.33× | 1.03× | ||
| Q4 24 | 0.39× | 1.01× | ||
| Q3 24 | 0.42× | 1.62× | ||
| Q2 24 | 0.51× | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $-17.1M | — |
| FCF MarginFCF / Revenue | -2.1% | — |
| Capex IntensityCapex / Revenue | 5.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $24.7M | $64.3M | ||
| Q3 25 | $1.4M | $175.3M | ||
| Q2 25 | $27.7M | $110.3M | ||
| Q1 25 | $54.8M | $-3.5M | ||
| Q4 24 | $60.7M | $125.4M | ||
| Q3 24 | $57.3M | $181.0M | ||
| Q2 24 | $40.5M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.1M | $5.2M | ||
| Q3 25 | $-30.5M | $122.2M | ||
| Q2 25 | $200.0K | $45.6M | ||
| Q1 25 | $27.1M | $-55.8M | ||
| Q4 24 | $44.7M | $62.0M | ||
| Q3 24 | $43.8M | $130.3M | ||
| Q2 24 | $13.7M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 0.4% | ||
| Q3 25 | -4.1% | 9.0% | ||
| Q2 25 | 0.0% | 3.4% | ||
| Q1 25 | 4.2% | -4.1% | ||
| Q4 24 | 7.2% | 4.7% | ||
| Q3 24 | 6.7% | 10.2% | ||
| Q2 24 | 2.1% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 4.2% | ||
| Q3 25 | 4.3% | 3.9% | ||
| Q2 25 | 4.0% | 4.8% | ||
| Q1 25 | 4.3% | 3.9% | ||
| Q4 24 | 2.6% | 4.8% | ||
| Q3 24 | 2.1% | 4.0% | ||
| Q2 24 | 4.1% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | 0.03× | 6.09× | ||
| Q2 25 | 0.54× | 2.72× | ||
| Q1 25 | 1.10× | -0.06× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | 3.25× | ||
| Q2 24 | 0.86× | 3.59× |
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% |
SEM
Segment breakdown not available.
