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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $656.6M, roughly 1.2× Champion Homes, Inc.). Champion Homes, Inc. runs the higher net margin — 8.3% vs -5.9%, a 14.2% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 1.8%). Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 10.6%).
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...
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
MOD vs SKY — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $656.6M |
| Net Profit | $-47.4M | $54.3M |
| Gross Margin | 23.1% | 26.2% |
| Operating Margin | 11.1% | 9.5% |
| Net Margin | -5.9% | 8.3% |
| Revenue YoY | 30.5% | 1.8% |
| Net Profit YoY | -215.6% | -11.7% |
| EPS (diluted) | $-0.90 | $0.97 |
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 | $656.6M | ||
| Q3 25 | $738.9M | $684.4M | ||
| Q2 25 | $682.8M | $701.3M | ||
| Q1 25 | $647.2M | $593.9M | ||
| Q4 24 | $616.8M | $644.9M | ||
| Q3 24 | $658.0M | $616.9M | ||
| Q2 24 | $661.5M | $627.8M | ||
| Q1 24 | $603.5M | $536.4M |
| Q4 25 | $-47.4M | $54.3M | ||
| Q3 25 | $44.4M | $58.2M | ||
| Q2 25 | $51.2M | $64.7M | ||
| Q1 25 | $49.6M | $36.3M | ||
| Q4 24 | $41.0M | $61.5M | ||
| Q3 24 | $46.1M | $54.7M | ||
| Q2 24 | $47.3M | $45.8M | ||
| Q1 24 | $25.8M | $2.8M |
| Q4 25 | 23.1% | 26.2% | ||
| Q3 25 | 22.3% | 27.5% | ||
| Q2 25 | 24.2% | 27.1% | ||
| Q1 25 | 25.6% | 25.7% | ||
| Q4 24 | 24.3% | 28.1% | ||
| Q3 24 | 25.2% | 27.0% | ||
| Q2 24 | 24.6% | 26.2% | ||
| Q1 24 | 22.4% | 18.3% |
| Q4 25 | 11.1% | 9.5% | ||
| Q3 25 | 9.9% | 10.9% | ||
| Q2 25 | 11.1% | 11.2% | ||
| Q1 25 | 11.5% | 7.1% | ||
| Q4 24 | 9.6% | 11.3% | ||
| Q3 24 | 11.4% | 10.8% | ||
| Q2 24 | 11.2% | 8.8% | ||
| Q1 24 | 7.8% | 1.4% |
| Q4 25 | -5.9% | 8.3% | ||
| Q3 25 | 6.0% | 8.5% | ||
| Q2 25 | 7.5% | 9.2% | ||
| Q1 25 | 7.7% | 6.1% | ||
| Q4 24 | 6.6% | 9.5% | ||
| Q3 24 | 7.0% | 8.9% | ||
| Q2 24 | 7.2% | 7.3% | ||
| Q1 24 | 4.3% | 0.5% |
| Q4 25 | $-0.90 | $0.97 | ||
| Q3 25 | $0.83 | $1.03 | ||
| Q2 25 | $0.95 | $1.13 | ||
| Q1 25 | $0.92 | $0.63 | ||
| Q4 24 | $0.76 | $1.06 | ||
| Q3 24 | $0.86 | $0.94 | ||
| Q2 24 | $0.88 | $0.79 | ||
| Q1 24 | $0.48 | $0.04 |
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 | $659.8M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $1.1B | $1.6B |
| Total Assets | $2.5B | $2.1B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $659.8M | ||
| Q3 25 | $83.8M | $618.7M | ||
| Q2 25 | $124.5M | $605.3M | ||
| Q1 25 | $71.6M | $610.3M | ||
| Q4 24 | $83.8M | $581.8M | ||
| Q3 24 | $78.6M | $570.2M | ||
| Q2 24 | $72.9M | $548.9M | ||
| Q1 24 | $60.1M | $495.1M |
| 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 | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $910.2M | $1.5B | ||
| Q4 24 | $855.1M | $1.5B | ||
| Q3 24 | $858.8M | $1.5B | ||
| Q2 24 | $788.4M | $1.5B | ||
| Q1 24 | $747.6M | $1.4B |
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $1.9B | $1.9B |
| 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 | $100.0M |
| Free Cash FlowOCF − Capex | $-17.1M | $92.9M |
| FCF MarginFCF / Revenue | -2.1% | 14.1% |
| Capex IntensityCapex / Revenue | 5.2% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $100.0M | ||
| Q3 25 | $1.4M | $75.9M | ||
| Q2 25 | $27.7M | $75.3M | ||
| Q1 25 | $54.8M | $46.0M | ||
| Q4 24 | $60.7M | $50.4M | ||
| Q3 24 | $57.3M | $59.8M | ||
| Q2 24 | $40.5M | $84.6M | ||
| Q1 24 | $39.6M | — |
| Q4 25 | $-17.1M | $92.9M | ||
| Q3 25 | $-30.5M | $67.0M | ||
| Q2 25 | $200.0K | $66.4M | ||
| Q1 25 | $27.1M | $33.4M | ||
| Q4 24 | $44.7M | $37.3M | ||
| Q3 24 | $43.8M | $45.7M | ||
| Q2 24 | $13.7M | $73.9M | ||
| Q1 24 | $-4.3M | — |
| Q4 25 | -2.1% | 14.1% | ||
| Q3 25 | -4.1% | 9.8% | ||
| Q2 25 | 0.0% | 9.5% | ||
| Q1 25 | 4.2% | 5.6% | ||
| Q4 24 | 7.2% | 5.8% | ||
| Q3 24 | 6.7% | 7.4% | ||
| Q2 24 | 2.1% | 11.8% | ||
| Q1 24 | -0.7% | — |
| Q4 25 | 5.2% | 1.1% | ||
| Q3 25 | 4.3% | 1.3% | ||
| Q2 25 | 4.0% | 1.3% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 2.6% | 2.0% | ||
| Q3 24 | 2.1% | 2.3% | ||
| Q2 24 | 4.1% | 1.7% | ||
| Q1 24 | 7.3% | — |
| Q4 25 | — | 1.84× | ||
| Q3 25 | 0.03× | 1.30× | ||
| Q2 25 | 0.54× | 1.16× | ||
| Q1 25 | 1.10× | 1.27× | ||
| Q4 24 | 1.48× | 0.82× | ||
| Q3 24 | 1.24× | 1.09× | ||
| Q2 24 | 0.86× | 1.85× | ||
| Q1 24 | 1.53× | — |
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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
