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Side-by-side financial comparison of MODINE MANUFACTURING CO (MOD) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $517.5M, roughly 1.6× WOLVERINE WORLD WIDE INC). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -5.9%, a 12.0% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 25.5%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 14.5%).
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...
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
MOD vs WWW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $805.0M | $517.5M |
| Net Profit | $-47.4M | $31.8M |
| Gross Margin | 23.1% | 47.3% |
| Operating Margin | 11.1% | 9.7% |
| Net Margin | -5.9% | 6.1% |
| Revenue YoY | 30.5% | 25.5% |
| Net Profit YoY | -215.6% | 162.8% |
| EPS (diluted) | $-0.90 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $805.0M | — | ||
| Q3 25 | $738.9M | $470.3M | ||
| Q2 25 | $682.8M | $474.2M | ||
| Q1 25 | $647.2M | $412.3M | ||
| Q4 24 | $616.8M | $494.7M | ||
| Q3 24 | $658.0M | $440.2M | ||
| Q2 24 | $661.5M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-47.4M | — | ||
| Q3 25 | $44.4M | $25.1M | ||
| Q2 25 | $51.2M | $26.8M | ||
| Q1 25 | $49.6M | $12.1M | ||
| Q4 24 | $41.0M | $23.1M | ||
| Q3 24 | $46.1M | $23.2M | ||
| Q2 24 | $47.3M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | 47.5% | ||
| Q2 25 | 24.2% | 47.2% | ||
| Q1 25 | 25.6% | 47.2% | ||
| Q4 24 | 24.3% | 43.4% | ||
| Q3 24 | 25.2% | 45.1% | ||
| Q2 24 | 24.6% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 11.1% | — | ||
| Q3 25 | 9.9% | 8.4% | ||
| Q2 25 | 11.1% | 8.6% | ||
| Q1 25 | 11.5% | 4.8% | ||
| Q4 24 | 9.6% | 7.4% | ||
| Q3 24 | 11.4% | 7.9% | ||
| Q2 24 | 11.2% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -5.9% | — | ||
| Q3 25 | 6.0% | 5.3% | ||
| Q2 25 | 7.5% | 5.7% | ||
| Q1 25 | 7.7% | 2.9% | ||
| Q4 24 | 6.6% | 4.7% | ||
| Q3 24 | 7.0% | 5.3% | ||
| Q2 24 | 7.2% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $-0.90 | — | ||
| Q3 25 | $0.83 | $0.30 | ||
| Q2 25 | $0.95 | $0.32 | ||
| Q1 25 | $0.92 | $0.15 | ||
| Q4 24 | $0.76 | $0.29 | ||
| Q3 24 | $0.86 | $0.28 | ||
| Q2 24 | $0.88 | $0.17 |
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 | $621.7M |
| Stockholders' EquityBook value | $1.1B | $408.0M |
| Total Assets | $2.5B | $1.7B |
| Debt / EquityLower = less leverage | 0.51× | 1.52× |
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 | — | $621.7M | ||
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | $676.4M | ||
| Q2 25 | $482.1M | $708.5M | ||
| Q1 25 | $296.7M | $710.8M | ||
| Q4 24 | $330.0M | $648.0M | ||
| Q3 24 | $359.1M | $702.8M | ||
| Q2 24 | $405.7M | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $376.7M | ||
| Q2 25 | $1.0B | $344.0M | ||
| Q1 25 | $910.2M | $310.6M | ||
| Q4 24 | $855.1M | $312.9M | ||
| Q3 24 | $858.8M | $295.2M | ||
| Q2 24 | $788.4M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | 1.80× | ||
| Q2 25 | 0.48× | 2.06× | ||
| Q1 25 | 0.33× | 2.29× | ||
| Q4 24 | 0.39× | 2.07× | ||
| Q3 24 | 0.42× | 2.38× | ||
| Q2 24 | 0.51× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $-17.1M | $145.6M |
| FCF MarginFCF / Revenue | -2.1% | 28.1% |
| Capex IntensityCapex / Revenue | 5.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.3M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $24.7M | — | ||
| Q3 25 | $1.4M | $33.0M | ||
| Q2 25 | $27.7M | $44.6M | ||
| Q1 25 | $54.8M | $-83.8M | ||
| Q4 24 | $60.7M | $82.4M | ||
| Q3 24 | $57.3M | $108.2M | ||
| Q2 24 | $40.5M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | $30.1M | ||
| Q2 25 | $200.0K | $41.2M | ||
| Q1 25 | $27.1M | $-91.4M | ||
| Q4 24 | $44.7M | $74.4M | ||
| Q3 24 | $43.8M | $104.1M | ||
| Q2 24 | $13.7M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | 6.4% | ||
| Q2 25 | 0.0% | 8.7% | ||
| Q1 25 | 4.2% | -22.2% | ||
| Q4 24 | 7.2% | 15.0% | ||
| Q3 24 | 6.7% | 23.6% | ||
| Q2 24 | 2.1% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | 0.6% | ||
| Q2 25 | 4.0% | 0.7% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 4.1% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | 1.31× | ||
| Q2 25 | 0.54× | 1.66× | ||
| Q1 25 | 1.10× | -6.93× | ||
| Q4 24 | 1.48× | 3.57× | ||
| Q3 24 | 1.24× | 4.66× | ||
| Q2 24 | 0.86× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
