vs
Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $805.0M, roughly 1.5× MODINE MANUFACTURING CO). MODINE MANUFACTURING CO runs the higher net margin — -5.9% vs -35.0%, a 29.1% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 5.2%).
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...
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
MOD vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $1.2B |
| Net Profit | $-47.4M | $-431.0M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | — |
| Net Margin | -5.9% | -35.0% |
| Revenue YoY | 30.5% | -0.7% |
| Net Profit YoY | -215.6% | -962.0% |
| EPS (diluted) | $-0.90 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $738.9M | $1.2B | ||
| Q2 25 | $682.8M | $1.2B | ||
| Q1 25 | $647.2M | $1.1B | ||
| Q4 24 | $616.8M | $1.2B | ||
| Q3 24 | $658.0M | $1.2B | ||
| Q2 24 | $661.5M | $1.1B | ||
| Q1 24 | $603.5M | $1.1B |
| Q4 25 | $-47.4M | $-431.0M | ||
| Q3 25 | $44.4M | $-2.0M | ||
| Q2 25 | $51.2M | $69.0M | ||
| Q1 25 | $49.6M | $56.0M | ||
| Q4 24 | $41.0M | $50.0M | ||
| Q3 24 | $46.1M | $84.0M | ||
| Q2 24 | $47.3M | $37.0M | ||
| Q1 24 | $25.8M | $47.0M |
| 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 24 | 22.4% | — |
| Q4 25 | 11.1% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 11.2% | — | ||
| Q1 24 | 7.8% | — |
| Q4 25 | -5.9% | -35.0% | ||
| Q3 25 | 6.0% | -0.2% | ||
| Q2 25 | 7.5% | 6.0% | ||
| Q1 25 | 7.7% | 5.0% | ||
| Q4 24 | 6.6% | 4.0% | ||
| Q3 24 | 7.0% | 6.9% | ||
| Q2 24 | 7.2% | 3.5% | ||
| Q1 24 | 4.3% | 4.2% |
| Q4 25 | $-0.90 | $-12.00 | ||
| Q3 25 | $0.83 | $-0.07 | ||
| Q2 25 | $0.95 | $1.77 | ||
| Q1 25 | $0.92 | $1.46 | ||
| Q4 24 | $0.76 | $1.29 | ||
| Q3 24 | $0.86 | $2.12 | ||
| Q2 24 | $0.88 | $0.98 | ||
| Q1 24 | $0.48 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $1.1B | $2.0B |
| Total Assets | $2.5B | $9.8B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.7M | $406.0M | ||
| Q3 25 | $83.8M | $474.0M | ||
| Q2 25 | $124.5M | $205.0M | ||
| Q1 25 | $71.6M | $196.0M | ||
| Q4 24 | $83.8M | $197.0M | ||
| Q3 24 | $78.6M | $197.0M | ||
| Q2 24 | $72.9M | $206.0M | ||
| Q1 24 | $60.1M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $910.2M | $2.4B | ||
| Q4 24 | $855.1M | $2.4B | ||
| Q3 24 | $858.8M | $2.4B | ||
| Q2 24 | $788.4M | $2.4B | ||
| Q1 24 | $747.6M | $2.4B |
| Q4 25 | $2.5B | $9.8B | ||
| Q3 25 | $2.4B | $10.1B | ||
| Q2 25 | $2.2B | $9.9B | ||
| Q1 25 | $1.9B | $9.9B | ||
| Q4 24 | $1.8B | $9.8B | ||
| Q3 24 | $1.9B | $9.7B | ||
| Q2 24 | $1.9B | $9.6B | ||
| Q1 24 | $1.9B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | $-17.1M | $-6.0M |
| FCF MarginFCF / Revenue | -2.1% | -0.5% |
| Capex IntensityCapex / Revenue | 5.2% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.7M | $6.0M | ||
| Q3 25 | $1.4M | $62.0M | ||
| Q2 25 | $27.7M | $-48.0M | ||
| Q1 25 | $54.8M | $8.0M | ||
| Q4 24 | $60.7M | $100.0M | ||
| Q3 24 | $57.3M | $72.0M | ||
| Q2 24 | $40.5M | $30.0M | ||
| Q1 24 | $39.6M | $3.0M |
| Q4 25 | $-17.1M | $-6.0M | ||
| Q3 25 | $-30.5M | $51.0M | ||
| Q2 25 | $200.0K | $-68.0M | ||
| Q1 25 | $27.1M | $-6.0M | ||
| Q4 24 | $44.7M | $86.0M | ||
| Q3 24 | $43.8M | $58.0M | ||
| Q2 24 | $13.7M | $17.0M | ||
| Q1 24 | $-4.3M | $-13.0M |
| Q4 25 | -2.1% | -0.5% | ||
| Q3 25 | -4.1% | 4.3% | ||
| Q2 25 | 0.0% | -5.9% | ||
| Q1 25 | 4.2% | -0.5% | ||
| Q4 24 | 7.2% | 6.9% | ||
| Q3 24 | 6.7% | 4.8% | ||
| Q2 24 | 2.1% | 1.6% | ||
| Q1 24 | -0.7% | -1.2% |
| Q4 25 | 5.2% | 1.0% | ||
| Q3 25 | 4.3% | 0.9% | ||
| Q2 25 | 4.0% | 1.7% | ||
| Q1 25 | 4.3% | 1.3% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 4.1% | 1.2% | ||
| Q1 24 | 7.3% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | -0.70× | ||
| Q1 25 | 1.10× | 0.14× | ||
| Q4 24 | 1.48× | 2.00× | ||
| Q3 24 | 1.24× | 0.86× | ||
| Q2 24 | 0.86× | 0.81× | ||
| Q1 24 | 1.53× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
