vs
Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $805.0M, roughly 1.6× MODINE MANUFACTURING CO). Teradyne runs the higher net margin — 31.1% vs -5.9%, a 37.0% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 30.5%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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...
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
MOD vs TER — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.3B |
| Net Profit | $-47.4M | $398.9M |
| Gross Margin | 23.1% | 60.9% |
| Operating Margin | 11.1% | 36.9% |
| Net Margin | -5.9% | 31.1% |
| Revenue YoY | 30.5% | 87.0% |
| Net Profit YoY | -215.6% | — |
| EPS (diluted) | $-0.90 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $805.0M | $1.1B | ||
| Q3 25 | $738.9M | $769.2M | ||
| Q2 25 | $682.8M | $651.8M | ||
| Q1 25 | $647.2M | $685.7M | ||
| Q4 24 | $616.8M | $752.9M | ||
| Q3 24 | $658.0M | $737.3M | ||
| Q2 24 | $661.5M | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $-47.4M | $257.2M | ||
| Q3 25 | $44.4M | $119.6M | ||
| Q2 25 | $51.2M | $78.4M | ||
| Q1 25 | $49.6M | $98.9M | ||
| Q4 24 | $41.0M | $146.3M | ||
| Q3 24 | $46.1M | $145.6M | ||
| Q2 24 | $47.3M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | 23.1% | 57.2% | ||
| Q3 25 | 22.3% | 58.4% | ||
| Q2 25 | 24.2% | 57.2% | ||
| Q1 25 | 25.6% | 60.6% | ||
| Q4 24 | 24.3% | 59.4% | ||
| Q3 24 | 25.2% | 59.2% | ||
| Q2 24 | 24.6% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 11.1% | 27.1% | ||
| Q3 25 | 9.9% | 18.9% | ||
| Q2 25 | 11.1% | 13.9% | ||
| Q1 25 | 11.5% | 17.6% | ||
| Q4 24 | 9.6% | 20.4% | ||
| Q3 24 | 11.4% | 20.6% | ||
| Q2 24 | 11.2% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | -5.9% | 23.7% | ||
| Q3 25 | 6.0% | 15.5% | ||
| Q2 25 | 7.5% | 12.0% | ||
| Q1 25 | 7.7% | 14.4% | ||
| Q4 24 | 6.6% | 19.4% | ||
| Q3 24 | 7.0% | 19.8% | ||
| Q2 24 | 7.2% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $-0.90 | $1.62 | ||
| Q3 25 | $0.83 | $0.75 | ||
| Q2 25 | $0.95 | $0.49 | ||
| Q1 25 | $0.92 | $0.61 | ||
| Q4 24 | $0.76 | $0.89 | ||
| Q3 24 | $0.86 | $0.89 | ||
| Q2 24 | $0.88 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $570.7M | $0 |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.5B | $4.4B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $98.7M | $293.8M | ||
| Q3 25 | $83.8M | $272.7M | ||
| Q2 25 | $124.5M | $339.3M | ||
| Q1 25 | $71.6M | $475.6M | ||
| Q4 24 | $83.8M | $553.4M | ||
| Q3 24 | $78.6M | $510.0M | ||
| Q2 24 | $72.9M | $421.9M |
| Q1 26 | — | $0 | ||
| 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 | — | — | ||
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $910.2M | $2.8B | ||
| Q4 24 | $855.1M | $2.8B | ||
| Q3 24 | $858.8M | $2.9B | ||
| Q2 24 | $788.4M | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.5B | $4.2B | ||
| Q3 25 | $2.4B | $4.0B | ||
| Q2 25 | $2.2B | $3.8B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.9B | $3.8B | ||
| Q2 24 | $1.9B | $3.6B |
| 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 | $265.1M |
| Free Cash FlowOCF − Capex | $-17.1M | — |
| FCF MarginFCF / Revenue | -2.1% | — |
| Capex IntensityCapex / Revenue | 5.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $24.7M | $281.6M | ||
| Q3 25 | $1.4M | $49.0M | ||
| Q2 25 | $27.7M | $182.1M | ||
| Q1 25 | $54.8M | $161.6M | ||
| Q4 24 | $60.7M | $282.6M | ||
| Q3 24 | $57.3M | $166.3M | ||
| Q2 24 | $40.5M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.1M | $218.8M | ||
| Q3 25 | $-30.5M | $2.4M | ||
| Q2 25 | $200.0K | $131.7M | ||
| Q1 25 | $27.1M | $97.6M | ||
| Q4 24 | $44.7M | $225.2M | ||
| Q3 24 | $43.8M | $114.4M | ||
| Q2 24 | $13.7M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 20.2% | ||
| Q3 25 | -4.1% | 0.3% | ||
| Q2 25 | 0.0% | 20.2% | ||
| Q1 25 | 4.2% | 14.2% | ||
| Q4 24 | 7.2% | 29.9% | ||
| Q3 24 | 6.7% | 15.5% | ||
| Q2 24 | 2.1% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 5.8% | ||
| Q3 25 | 4.3% | 6.1% | ||
| Q2 25 | 4.0% | 7.7% | ||
| Q1 25 | 4.3% | 9.3% | ||
| Q4 24 | 2.6% | 7.6% | ||
| Q3 24 | 2.1% | 7.0% | ||
| Q2 24 | 4.1% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | 0.03× | 0.41× | ||
| Q2 25 | 0.54× | 2.32× | ||
| Q1 25 | 1.10× | 1.63× | ||
| Q4 24 | 1.48× | 1.93× | ||
| Q3 24 | 1.24× | 1.14× | ||
| Q2 24 | 0.86× | 1.16× |
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% |
TER
Segment breakdown not available.
