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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.

MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $10.7M, roughly 1.0× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs 11.0%, a 12.5% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs -5.6%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -13.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.

ABUS vs MDV — Head-to-Head

Bigger by revenue
MDV
MDV
1.0× larger
MDV
$11.1M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+527.8% gap
ABUS
522.2%
-5.6%
MDV
Higher net margin
ABUS
ABUS
12.5% more per $
ABUS
23.5%
11.0%
MDV
Faster 2-yr revenue CAGR
MDV
MDV
Annualised
MDV
-3.8%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
MDV
MDV
Revenue
$10.7M
$11.1M
Net Profit
$2.5M
$1.2M
Gross Margin
Operating Margin
13.9%
45.8%
Net Margin
23.5%
11.0%
Revenue YoY
522.2%
-5.6%
Net Profit YoY
112.7%
-22.0%
EPS (diluted)
$0.01
$0.02

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.

Revenue
ABUS
ABUS
MDV
MDV
Q4 25
$11.1M
Q3 25
$11.7M
Q2 25
$10.7M
$11.8M
Q1 25
$11.8M
Q4 24
$11.7M
Q3 24
$11.7M
Q2 24
$11.4M
Q1 24
$12.0M
Net Profit
ABUS
ABUS
MDV
MDV
Q4 25
$1.2M
Q3 25
$1.0M
Q2 25
$2.5M
$-2.0M
Q1 25
$829.0K
Q4 24
$1.6M
Q3 24
$-587.0K
Q2 24
$1.3M
Q1 24
$3.7M
Operating Margin
ABUS
ABUS
MDV
MDV
Q4 25
45.8%
Q3 25
41.4%
Q2 25
13.9%
9.8%
Q1 25
40.2%
Q4 24
45.4%
Q3 24
42.0%
Q2 24
44.6%
Q1 24
55.6%
Net Margin
ABUS
ABUS
MDV
MDV
Q4 25
11.0%
Q3 25
9.0%
Q2 25
23.5%
-17.1%
Q1 25
7.0%
Q4 24
13.3%
Q3 24
-5.0%
Q2 24
11.6%
Q1 24
31.1%
EPS (diluted)
ABUS
ABUS
MDV
MDV
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$0.01
$-0.32
Q1 25
$-0.01
Q4 24
$0.07
Q3 24
$-0.18
Q2 24
$0.03
Q1 24
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABUS
ABUS
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$37.4M
$14.4M
Total DebtLower is stronger
$0
$261.5M
Stockholders' EquityBook value
$83.0M
$162.7M
Total Assets
$103.3M
$476.5M
Debt / EquityLower = less leverage
0.00×
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
MDV
MDV
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$37.4M
$5.8M
Q1 25
$6.2M
Q4 24
$11.5M
Q3 24
$6.8M
Q2 24
$18.9M
Q1 24
$18.4M
Total Debt
ABUS
ABUS
MDV
MDV
Q4 25
$261.5M
Q3 25
$279.7M
Q2 25
$0
$279.7M
Q1 25
$279.7M
Q4 24
$279.8M
Q3 24
$279.7M
Q2 24
$279.7M
Q1 24
$279.6M
Stockholders' Equity
ABUS
ABUS
MDV
MDV
Q4 25
$162.7M
Q3 25
$164.8M
Q2 25
$83.0M
$165.6M
Q1 25
$171.1M
Q4 24
$190.1M
Q3 24
$186.3M
Q2 24
$187.0M
Q1 24
$188.0M
Total Assets
ABUS
ABUS
MDV
MDV
Q4 25
$476.5M
Q3 25
$499.6M
Q2 25
$103.3M
$498.9M
Q1 25
$506.8M
Q4 24
$507.8M
Q3 24
$507.4M
Q2 24
$519.5M
Q1 24
$522.5M
Debt / Equity
ABUS
ABUS
MDV
MDV
Q4 25
1.61×
Q3 25
1.70×
Q2 25
0.00×
1.69×
Q1 25
1.63×
Q4 24
1.47×
Q3 24
1.50×
Q2 24
1.50×
Q1 24
1.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABUS
ABUS
MDV
MDV
Operating Cash FlowLast quarter
$-15.7M
$15.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-6.24×
12.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
MDV
MDV
Q4 25
$15.0M
Q3 25
$4.1M
Q2 25
$-15.7M
$3.9M
Q1 25
$3.0M
Q4 24
$18.2M
Q3 24
$5.1M
Q2 24
$4.7M
Q1 24
$3.0M
Capex Intensity
ABUS
ABUS
MDV
MDV
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ABUS
ABUS
MDV
MDV
Q4 25
12.34×
Q3 25
3.95×
Q2 25
-6.24×
Q1 25
3.68×
Q4 24
11.72×
Q3 24
Q2 24
3.55×
Q1 24
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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