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Modine Manufacturing vs Patrick Industries: MOD and PATK compared
Modine Manufacturing is the larger company: $994M of revenue in its latest quarter (Q2 FY27) against $975M for Patrick Industries (Q3 2026). Modine Manufacturing is growing faster (+35% against 0% a year earlier). Modine Manufacturing is more profitable, with an operating margin of 9.8% against 5.1%.
Where the money goes: MOD and PATK
Modine Manufacturing (MOD) · Q2 FY27
Modine Manufacturing, Q2 FY27: revenue $994M (+35% year over year), operating margin 9.8%, net earnings $30.3M, operating cash flow −$98.5M. The chart follows the revenue to costs, profit and cash.
Patrick Industries (PATK) · Q3 2026
Patrick Industries, Q3 2026: revenue $975M (0% year over year), operating margin 5.1%, net earnings $21.1M, operating cash flow $77.6M. The chart follows the revenue to costs, profit and cash.
| Modine Manufacturing (MOD) | Patrick Industries (PATK) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $994M | $975M |
| Revenue growth, Y/Y | +35% | 0% |
| Gross margin | 20.7% | 23.6% |
| Operating margin | 9.8% | 5.1% |
| Net earnings | $30.3M | $21.1M |
| Net margin | 3.0% | 2.2% |
| Operating cash flow | −$98.5M | $77.6M |
| Free cash flow | — | $58.4M |
| Market value | $5.2B | $2.6B |
| P/E | 40.1× | 19.3× |
| Analysts’ mean target | $229.44 | $97.82 |
Where the revenue comes from
Modine Manufacturing
- Data Centers: $437M (44%)
- Performance Technologies: $288M (29%)
- Commercial HVAC: $269M (27%)
Patrick Industries
- Recreational Vehicle: $362M (37%)
- Manufactured Housing: $174M (18%)
- Marine: $171M (18%)
- Industrial: $140M (14%)
Questions
Which is bigger, Modine Manufacturing or Patrick Industries?
Modine Manufacturing is the larger company: $994M of revenue in its latest quarter (Q2 FY27) against $975M for Patrick Industries (Q3 2026).
Is Modine Manufacturing or Patrick Industries growing faster?
Modine Manufacturing is growing faster (+35% against 0% a year earlier).
Which is more profitable, Modine Manufacturing or Patrick Industries?
Modine Manufacturing is more profitable, with an operating margin of 9.8% against 5.1%.
More: Modine Manufacturing earnings · how Modine Manufacturing makes money · Patrick Industries earnings · how Patrick Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.