MOD vs THRM vs AAON vs LII vs CARR

For growth investors, AAON, Inc.

(AAON) is the stronger pick with 20. 1% revenue growth year-over-year, versus -3. 3% for Carrier Global Corporation (CARR). Lennox International Inc. (LII) offers the better valuation at 23. 7x trailing P/E (21. 7x forward), making it the more compelling value choice. Analysts rate Modine Manufacturing Company (MOD) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Lennox International Inc.

(LII) is the cheapest at 23. 7x versus AAON, Inc. at 100. 2x. On forward P/E, Gentherm Incorporated is actually cheaper at 11. 6x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Lennox International Inc. wins at 1. 13x versus AAON, Inc. 's 12. 01x — a reasonable growth-adjusted valuation.

Over the past 5 years, Modine Manufacturing Company (MOD) delivered a total return of +1485%, compared to -58.

0% for Gentherm Incorporated (THRM). Over 10 years, the gap is even starker: MOD returned +25. 2% versus THRM's -14. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Carrier Global Corporation (CARR) is the lower-risk stock at 1.

19β versus Modine Manufacturing Company's 2. 51β — meaning MOD is approximately 110% more volatile than CARR relative to the S&P 500. On balance sheet safety, Gentherm Incorporated (THRM) carries a lower debt/equity ratio of 41% versus 177% for Lennox International Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), AAON, Inc.

(AAON) is pulling ahead at 20. 1% versus -3. 3% for Carrier Global Corporation (CARR). On earnings-per-share growth, the picture is similar: Modine Manufacturing Company grew EPS 13. 2% year-over-year, compared to -72. 4% for Carrier Global Corporation. Over a 3-year CAGR, AAON leads at 17. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Lennox International Inc.

(LII) is the more profitable company, earning 15. 1% net margin versus 1. 2% for Gentherm Incorporated — meaning it keeps 15. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LII leads at 19. 5% versus 5. 2% for THRM. At the gross margin level — before operating expenses — LII leads at 33. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Lennox International Inc. (LII) is the more undervalued stock at a PEG of 1. 13x versus AAON, Inc. 's 12. 01x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Gentherm Incorporated (THRM) trades at 11. 6x forward P/E versus 65. 3x for AAON, Inc. — 53. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for THRM: 19. 0% to $36. 67.

In this comparison, CARR (1.

4% yield), LII (0. 9% yield), AAON (0. 3% yield) pay a dividend. MOD, THRM do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Carrier Global Corporation (CARR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

19), 1. 4% yield, +493. 6% 10Y return). Modine Manufacturing Company (MOD) carries a higher beta of 2. 51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CARR: +493. 6%, MOD: +25. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (MOD (Consumer Cyclical) and THRM (Consumer Cyclical) and AAON (Industrials) and LII (Industrials) and CARR (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: MOD is a mid-cap quality compounder stock; THRM is a small-cap quality compounder stock; AAON is a mid-cap high-growth stock; LII is a mid-cap quality compounder stock; CARR is a mid-cap quality compounder stock. LII, CARR pay a dividend while MOD, THRM, AAON do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.