MOD
Modine Manufacturing Company
MOD offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NKE
NIKE, Inc.
NKE has the edge over MOD overall, supported by stronger valuation and lower modeled downside.
MOD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Healthy |
MOD's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is under pressure.
NKE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
NKE's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
MOD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $22.39 | -79% |
| Forward | 14x | $106 | — |
| Fair | 23x | $55.73 | -47% |
| Expensive | 44x | $107 | +0.9% |
| Current | 44x | $106 | — |
Historical ranges are pointers, not guarantees.
MOD's PE is in its expensive range at 44x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
NKE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $37.76 | — |
| Cheap | 23x | $47.70 | +26% |
| Forward | 30x | $37.76 | — |
| Fair | 33x | $68.16 | +80% |
| Expensive | 47x | $97.86 | +159% |
Historical ranges are pointers, not guarantees.
NKE has the edge over MOD in the historical PE scenario, which offers more potential upside but is not a forecast.
MOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
MOD has the edge over NKE on the outlook, with more favorable valuation and earnings expectations.
NKE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Low |
Analysts expect NKE's profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.
MOD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.72 | +220% |
| Q3 2026 | $2.41 | -30% |
| Q2 2026 | $2.68 | -23% |
| Q1 2026 | $2.26 | -34% |
| Q4 2025 | $1.80 | -40% |
| Q3 2025 | $3.46 | +13% |
| Q2 2025 | $3.49 | +14% |
| Q1 2025 | $3.42 | +13% |
| Q4 2024 | $2.98 | -30% |
MOD has the edge over NKE on earnings, with more consistent year-over-year improvement.
NKE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | -39% |
| Q3 2026 | $2.09 | +7.2% |
| Q2 2026 | $2.10 | -2.8% |
| Q1 2026 | $1.51 | -50% |
| Q4 2025 | $1.70 | -48% |
| Q3 2025 | $1.95 | -44% |
| Q2 2025 | $2.16 | -42% |
| Q1 2025 | $3.01 | -11% |
| Q4 2024 | $3.24 | -5.3% |
NKE's earnings per share have fallen from their peak: $2.09 over the past year, against $3.82 in late 2021.
MOD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $994.4M | +35% |
| Q2 2026 | $874.1M | +28% |
| Q1 2026 | $954.4M | +47% |
| Q4 2025 | $805M | +31% |
| Q3 2025 | $738.9M | +12% |
| Q2 2025 | $682.8M | +3.2% |
| Q1 2025 | $647.2M | +7.2% |
| Q4 2024 | $616.8M | +9.9% |
MOD has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.8% | -0.1 points |
| Q2 2026 | 8.6% | -2.5 points |
| Q1 2026 | 11% | -0.6 points |
| Q4 2025 | 11% | +1.5 points |
| Q3 2025 | 10% | -1.5 points |
| Q2 2025 | 11% | -0.2 points |
| Q1 2025 | 12% | +3.8 points |
| Q4 2024 | 9.6% | -1.4 points |
MOD has the edge over NKE on profitability, with a higher operating margin.
NKE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2B | -4.3% |
| Q2 2026 | $11B | -1.1% |
| Q1 2026 | $11.3B | +0.1% |
| Q4 2025 | $12.4B | +0.6% |
| Q3 2025 | $11.7B | +1.1% |
| Q2 2025 | $11.1B | -12% |
| Q1 2025 | $11.3B | -9.3% |
| Q4 2024 | $12.4B | -7.7% |
NKE's revenue fell from its 2023 peak and has held roughly level since: $11.2B last quarter, down 4.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +0.3 points |
| Q2 2026 | 12% | +9.2 points |
| Q1 2026 | 5.8% | -1.7 points |
| Q4 2025 | 8% | -3.4 points |
| Q3 2025 | 7.9% | -3.4 points |
| Q2 2025 | 2.9% | -11 points |
| Q1 2025 | 7.5% | -3.8 points |
| Q4 2024 | 11% | -2.9 points |
NKE's operating margin was 8.2% last quarter, about level with the same quarter a year ago.
MOD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$140.6M | -$110.1M |
| Q2 2026 | -$5M | -2600% |
| Q1 2026 | $152.8M | +464% |
| Q4 2025 | -$17.1M | -138% |
| Q3 2025 | -$30.5M | -170% |
| Q2 2025 | $200K | -99% |
| Q1 2025 | $27.1M | +$31.4M |
| Q4 2024 | $44.7M | -4.1% |
MOD's free cash flow was −$10M over the past year, against $42M the year before.
NKE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64M | -527% |
| Q2 2026 | $1.5B | +313% |
| Q1 2026 | $284M | -83% |
| Q4 2025 | $386M | -58% |
| Q3 2025 | $15M | -95% |
| Q2 2025 | $363M | -85% |
| Q1 2025 | $1.7B | -11% |
| Q4 2024 | $920M | -65% |
NKE has the edge over MOD on cash generation, producing positive trailing cash flow while its opponent burns cash.
MOD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -100K shares |
| 1 year | +0.2% | +100K shares |
| 3 years | +0.9% | +500K shares |
| 5 years | +2.5% | +1.3M shares |
| Available history | +5.5% | +2.8M shares |
MOD has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1M |
| Q2 2026 | $64.6M |
| Q1 2026 | $200,000 |
| Q4 2025 | $1.1M |
| Q3 2025 | $600,000 |
| Q2 2025 | $5.1M |
| Q1 2025 | $18.6M |
| Q4 2024 | $4.5M |
MOD spent $67M buying back its own shares over the past year, up 133% from the year before.
NKE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.2M shares |
| 1 year | +0.4% | +5.2M shares |
| 3 years | -3.8% | -59.1M shares |
| 5 years | -8.4% | -135M shares |
| Available history | -6.9% | -110M shares |
NKE has 1.5B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $20M |
| Q3 2025 | $126M |
| Q2 2025 | $199M |
| Q1 2025 | $506M |
| Q4 2024 | $1.1B |
NKE has spent almost nothing on buybacks in the past year.
MOD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.9x | Very low |
MOD's net debt is about 1.3 years of its operating earnings (EBITDA), about the same as a year ago.
NKE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | 0.1x | Very low |
NKE has the edge over MOD on leverage, with a lower net debt burden relative to earnings.
MOD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.1 | Oversold |
| Stochastic | 7.8 | Oversold |
MOD's weekly RSI is 29 (oversold) and its Stochastic is 8 (oversold).
NKE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 57.5 | Neutral |
NKE's weekly RSI is 40 (neutral) and its Stochastic is 58 (neutral).
MOD PE vs Consumer Cyclical Sector
| Metric | MOD | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 18x | 144% above |
| PE % | 82 | 47 | 35 pts above |
MOD is trading at 44x earnings, a 144% premium to the Consumer Cyclical sector's median of 18x.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE has the edge over MOD on valuation relative to its sector.
MOD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $144.6 | 27% below |
| 20 week MA | $180.7 | 41% below |
| 50 week MA | $200.1 | 47% below |
| 100 week MA | $157.2 | 33% below |
| 200 week MA | $113.3 | 6.4% below |
MOD is in a downtrend: it's below all five of its weekly moving averages, and 6.4% below its 200-week average.
NKE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.7 | 2.8% above |
| 20 week MA | $39.2 | 3.6% below |
| 50 week MA | $48.0 | 21% below |
| 100 week MA | $58.4 | 35% below |
| 200 week MA | $79.2 | 52% below |
NKE has the edge over MOD on trend strength, trading above more of its moving averages.
MOD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.57 | $12.2 | +61% |
| 2021 | $12.2 | $9.96 | -18% |
| 2022 | $9.96 | $19.6 | +97% |
| 2023 | $19.6 | $59.7 | +204% |
| 2024 | $59.7 | $118.7 | +99% |
| 2025 | $118.7 | $137.7 | +16% |
| 2026 YTD | $137.7 | $106.1 | -23% |
MOD has the edge over NKE on returns for 2026, with the stronger performance.
NKE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.6 | $141.6 | +39% |
| 2021 | $141.6 | $165.7 | +17% |
| 2022 | $165.7 | $116.3 | -30% |
| 2023 | $116.3 | $108.6 | -6.6% |
| 2024 | $108.6 | $76.4 | -30% |
| 2025 | $76.4 | $60.9 | -20% |
| 2026 YTD | $60.9 | $37.8 | -38% |
NKE has finished four years in a row lower, and it's down 38% so far in 2026.