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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $735.9M, roughly 1.1× WEBSTER FINANCIAL CORP). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs -5.9%, a 39.3% gap on every dollar of revenue. Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 9.4%).
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...
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
MOD vs WBS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $735.9M |
| Net Profit | $-47.4M | $246.2M |
| Gross Margin | 23.1% | — |
| Operating Margin | 11.1% | — |
| Net Margin | -5.9% | 33.5% |
| Revenue YoY | 30.5% | — |
| Net Profit YoY | -215.6% | 8.5% |
| EPS (diluted) | $-0.90 | $1.50 |
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 | — | $735.9M | ||
| Q4 25 | $805.0M | $746.2M | ||
| Q3 25 | $738.9M | $732.6M | ||
| Q2 25 | $682.8M | $715.8M | ||
| Q1 25 | $647.2M | $704.8M | ||
| Q4 24 | $616.8M | $661.0M | ||
| Q3 24 | $658.0M | $647.6M | ||
| Q2 24 | $661.5M | $614.6M |
| Q1 26 | — | $246.2M | ||
| Q4 25 | $-47.4M | $255.8M | ||
| Q3 25 | $44.4M | $261.2M | ||
| Q2 25 | $51.2M | $258.8M | ||
| Q1 25 | $49.6M | $226.9M | ||
| Q4 24 | $41.0M | $177.8M | ||
| Q3 24 | $46.1M | $193.0M | ||
| Q2 24 | $47.3M | $181.6M |
| 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 | — | — | ||
| Q4 25 | 11.1% | 48.6% | ||
| Q3 25 | 9.9% | 51.3% | ||
| Q2 25 | 11.1% | 51.7% | ||
| Q1 25 | 11.5% | 51.2% | ||
| Q4 24 | 9.6% | 48.5% | ||
| Q3 24 | 11.4% | 46.1% | ||
| Q2 24 | 11.2% | 47.0% |
| Q1 26 | — | 33.5% | ||
| Q4 25 | -5.9% | 34.3% | ||
| Q3 25 | 6.0% | 35.7% | ||
| Q2 25 | 7.5% | 36.2% | ||
| Q1 25 | 7.7% | 32.2% | ||
| Q4 24 | 6.6% | 26.9% | ||
| Q3 24 | 7.0% | 29.8% | ||
| Q2 24 | 7.2% | 29.6% |
| Q1 26 | — | $1.50 | ||
| Q4 25 | $-0.90 | $1.54 | ||
| Q3 25 | $0.83 | $1.54 | ||
| Q2 25 | $0.95 | $1.52 | ||
| Q1 25 | $0.92 | $1.30 | ||
| Q4 24 | $0.76 | $1.01 | ||
| Q3 24 | $0.86 | $1.10 | ||
| Q2 24 | $0.88 | $1.03 |
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 | — |
| Total DebtLower is stronger | $570.7M | $738.3M |
| Stockholders' EquityBook value | $1.1B | $9.6B |
| Total Assets | $2.5B | $85.6B |
| Debt / EquityLower = less leverage | 0.51× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | — | ||
| Q2 25 | $124.5M | — | ||
| Q1 25 | $71.6M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $78.6M | — | ||
| Q2 24 | $72.9M | — |
| Q1 26 | — | $738.3M | ||
| Q4 25 | $570.7M | $739.5M | ||
| Q3 25 | $525.8M | $1.2B | ||
| Q2 25 | $482.1M | $905.6M | ||
| Q1 25 | $296.7M | $907.4M | ||
| Q4 24 | $330.0M | $909.2M | ||
| Q3 24 | $359.1M | $911.0M | ||
| Q2 24 | $405.7M | $912.7M |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $1.1B | $9.5B | ||
| Q2 25 | $1.0B | $9.3B | ||
| Q1 25 | $910.2M | $9.2B | ||
| Q4 24 | $855.1M | $9.1B | ||
| Q3 24 | $858.8M | $9.2B | ||
| Q2 24 | $788.4M | $8.8B |
| Q1 26 | — | $85.6B | ||
| Q4 25 | $2.5B | $84.1B | ||
| Q3 25 | $2.4B | $83.2B | ||
| Q2 25 | $2.2B | $81.9B | ||
| Q1 25 | $1.9B | $80.3B | ||
| Q4 24 | $1.8B | $79.0B | ||
| Q3 24 | $1.9B | $79.5B | ||
| Q2 24 | $1.9B | $76.8B |
| Q1 26 | — | 0.08× | ||
| Q4 25 | 0.51× | 0.08× | ||
| Q3 25 | 0.50× | 0.13× | ||
| Q2 25 | 0.48× | 0.10× | ||
| Q1 25 | 0.33× | 0.10× | ||
| Q4 24 | 0.39× | 0.10× | ||
| Q3 24 | 0.42× | 0.10× | ||
| Q2 24 | 0.51× | 0.10× |
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 | $1.1B | ||
| Q3 25 | $1.4M | $374.7M | ||
| Q2 25 | $27.7M | $270.9M | ||
| Q1 25 | $54.8M | $94.9M | ||
| Q4 24 | $60.7M | $1.4B | ||
| Q3 24 | $57.3M | $45.3M | ||
| Q2 24 | $40.5M | $224.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.1M | $1.0B | ||
| Q3 25 | $-30.5M | $362.5M | ||
| Q2 25 | $200.0K | $257.7M | ||
| Q1 25 | $27.1M | $86.6M | ||
| Q4 24 | $44.7M | $1.4B | ||
| Q3 24 | $43.8M | $35.3M | ||
| Q2 24 | $13.7M | $215.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 135.2% | ||
| Q3 25 | -4.1% | 49.5% | ||
| Q2 25 | 0.0% | 36.0% | ||
| Q1 25 | 4.2% | 12.3% | ||
| Q4 24 | 7.2% | 207.0% | ||
| Q3 24 | 6.7% | 5.4% | ||
| Q2 24 | 2.1% | 35.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 6.6% | ||
| Q3 25 | 4.3% | 1.7% | ||
| Q2 25 | 4.0% | 1.8% | ||
| Q1 25 | 4.3% | 1.2% | ||
| Q4 24 | 2.6% | 5.4% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 4.1% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.14× | ||
| Q3 25 | 0.03× | 1.43× | ||
| Q2 25 | 0.54× | 1.05× | ||
| Q1 25 | 1.10× | 0.42× | ||
| Q4 24 | 1.48× | 7.90× | ||
| Q3 24 | 1.24× | 0.23× | ||
| Q2 24 | 0.86× | 1.23× |
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% |
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
