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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $475.9M, roughly 1.7× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs -5.9%, a 16.3% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs 30.5%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% CAGR vs 15.5%).
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...
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
MOD vs SKWD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $475.9M |
| Net Profit | $-47.4M | $49.7M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | 14.9% |
| Net Margin | -5.9% | 10.5% |
| Revenue YoY | 30.5% | 44.8% |
| Net Profit YoY | -215.6% | — |
| EPS (diluted) | $-0.90 | $1.09 |
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 | — | $475.9M | ||
| Q4 25 | $805.0M | $385.6M | ||
| Q3 25 | $738.9M | $382.5M | ||
| Q2 25 | $682.8M | $319.9M | ||
| Q1 25 | $647.2M | $328.5M | ||
| Q4 24 | $616.8M | $304.4M | ||
| Q3 24 | $658.0M | $300.9M | ||
| Q2 24 | $661.5M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $-47.4M | $43.2M | ||
| Q3 25 | $44.4M | $45.9M | ||
| Q2 25 | $51.2M | $38.8M | ||
| Q1 25 | $49.6M | $42.1M | ||
| Q4 24 | $41.0M | $14.4M | ||
| Q3 24 | $46.1M | $36.7M | ||
| Q2 24 | $47.3M | $31.0M |
| 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 | — | 14.9% | ||
| Q4 25 | 11.1% | 14.2% | ||
| Q3 25 | 9.9% | 15.8% | ||
| Q2 25 | 11.1% | 15.6% | ||
| Q1 25 | 11.5% | 15.7% | ||
| Q4 24 | 9.6% | 6.1% | ||
| Q3 24 | 11.4% | 15.6% | ||
| Q2 24 | 11.2% | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | -5.9% | 11.2% | ||
| Q3 25 | 6.0% | 12.0% | ||
| Q2 25 | 7.5% | 12.1% | ||
| Q1 25 | 7.7% | 12.8% | ||
| Q4 24 | 6.6% | 4.7% | ||
| Q3 24 | 7.0% | 12.2% | ||
| Q2 24 | 7.2% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | $-0.90 | $1.03 | ||
| Q3 25 | $0.83 | $1.10 | ||
| Q2 25 | $0.95 | $0.93 | ||
| Q1 25 | $0.92 | $1.01 | ||
| Q4 24 | $0.76 | $0.33 | ||
| Q3 24 | $0.86 | $0.89 | ||
| Q2 24 | $0.88 | $0.75 |
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 | $4.1M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $1.1B | $1.2B |
| Total Assets | $2.5B | $6.5B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $98.7M | $168.5M | ||
| Q3 25 | $83.8M | $160.1M | ||
| Q2 25 | $124.5M | $136.6M | ||
| Q1 25 | $71.6M | $112.9M | ||
| Q4 24 | $83.8M | $121.6M | ||
| Q3 24 | $78.6M | $105.6M | ||
| Q2 24 | $72.9M | $73.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $961.4M | ||
| Q2 25 | $1.0B | $899.9M | ||
| Q1 25 | $910.2M | $850.7M | ||
| Q4 24 | $855.1M | $794.0M | ||
| Q3 24 | $858.8M | $797.5M | ||
| Q2 24 | $788.4M | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.5B | $4.8B | ||
| Q3 25 | $2.4B | $4.6B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.9B | $3.6B | ||
| Q2 24 | $1.9B | $3.4B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $408.1M | ||
| Q3 25 | $1.4M | $171.4M | ||
| Q2 25 | $27.7M | $88.2M | ||
| Q1 25 | $54.8M | $96.8M | ||
| Q4 24 | $60.7M | $305.1M | ||
| Q3 24 | $57.3M | $168.0M | ||
| Q2 24 | $40.5M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.1M | $402.6M | ||
| Q3 25 | $-30.5M | $168.9M | ||
| Q2 25 | $200.0K | $87.1M | ||
| Q1 25 | $27.1M | $96.6M | ||
| Q4 24 | $44.7M | $300.9M | ||
| Q3 24 | $43.8M | $167.6M | ||
| Q2 24 | $13.7M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 104.4% | ||
| Q3 25 | -4.1% | 44.2% | ||
| Q2 25 | 0.0% | 27.2% | ||
| Q1 25 | 4.2% | 29.4% | ||
| Q4 24 | 7.2% | 98.8% | ||
| Q3 24 | 6.7% | 55.7% | ||
| Q2 24 | 2.1% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 1.4% | ||
| Q3 25 | 4.3% | 0.6% | ||
| Q2 25 | 4.0% | 0.3% | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 4.1% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.44× | ||
| Q3 25 | 0.03× | 3.73× | ||
| Q2 25 | 0.54× | 2.27× | ||
| Q1 25 | 1.10× | 2.30× | ||
| Q4 24 | 1.48× | 21.18× | ||
| Q3 24 | 1.24× | 4.58× | ||
| Q2 24 | 0.86× | 0.68× |
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% |
SKWD
Segment breakdown not available.
