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Side-by-side financial comparison of Aterian, Inc. (ATER) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $11.1M, roughly 1.4× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -52.5%, a 63.5% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -38.5%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
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.
ATER vs MDV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $11.1M |
| Net Profit | $-7.9M | $1.2M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | 45.8% |
| Net Margin | -52.5% | 11.0% |
| Revenue YoY | -38.5% | -5.6% |
| Net Profit YoY | -512.2% | -22.0% |
| EPS (diluted) | — | $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.
| Q4 25 | $15.1M | $11.1M | ||
| Q3 25 | $19.0M | $11.7M | ||
| Q2 25 | $19.5M | $11.8M | ||
| Q1 25 | $15.4M | $11.8M | ||
| Q4 24 | $24.6M | $11.7M | ||
| Q3 24 | $26.2M | $11.7M | ||
| Q2 24 | $28.0M | $11.4M | ||
| Q1 24 | $20.2M | $12.0M |
| Q4 25 | $-7.9M | $1.2M | ||
| Q3 25 | $-2.3M | $1.0M | ||
| Q2 25 | $-4.9M | $-2.0M | ||
| Q1 25 | $-3.9M | $829.0K | ||
| Q4 24 | $-1.3M | $1.6M | ||
| Q3 24 | $-1.8M | $-587.0K | ||
| Q2 24 | $-3.6M | $1.3M | ||
| Q1 24 | $-5.2M | $3.7M |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | — | ||
| Q2 25 | 54.3% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 63.4% | — | ||
| Q3 24 | 60.3% | — | ||
| Q2 24 | 60.4% | — | ||
| Q1 24 | 65.1% | — |
| Q4 25 | -51.1% | 45.8% | ||
| Q3 25 | -10.7% | 41.4% | ||
| Q2 25 | -23.1% | 9.8% | ||
| Q1 25 | -24.1% | 40.2% | ||
| Q4 24 | -6.5% | 45.4% | ||
| Q3 24 | -6.6% | 42.0% | ||
| Q2 24 | -11.5% | 44.6% | ||
| Q1 24 | -26.1% | 55.6% |
| Q4 25 | -52.5% | 11.0% | ||
| Q3 25 | -12.0% | 9.0% | ||
| Q2 25 | -25.0% | -17.1% | ||
| Q1 25 | -25.4% | 7.0% | ||
| Q4 24 | -5.3% | 13.3% | ||
| Q3 24 | -6.8% | -5.0% | ||
| Q2 24 | -13.0% | 11.6% | ||
| Q1 24 | -25.5% | 31.1% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $14.4M |
| Total DebtLower is stronger | — | $261.5M |
| Stockholders' EquityBook value | $15.2M | $162.7M |
| Total Assets | $29.6M | $476.5M |
| Debt / EquityLower = less leverage | — | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $14.4M | ||
| Q3 25 | $7.6M | $8.3M | ||
| Q2 25 | $10.5M | $5.8M | ||
| Q1 25 | $14.3M | $6.2M | ||
| Q4 24 | $18.0M | $11.5M | ||
| Q3 24 | $16.1M | $6.8M | ||
| Q2 24 | $20.3M | $18.9M | ||
| Q1 24 | $17.5M | $18.4M |
| Q4 25 | — | $261.5M | ||
| Q3 25 | — | $279.7M | ||
| Q2 25 | — | $279.7M | ||
| Q1 25 | — | $279.7M | ||
| Q4 24 | — | $279.8M | ||
| Q3 24 | — | $279.7M | ||
| Q2 24 | — | $279.7M | ||
| Q1 24 | — | $279.6M |
| Q4 25 | $15.2M | $162.7M | ||
| Q3 25 | $22.6M | $164.8M | ||
| Q2 25 | $24.3M | $165.6M | ||
| Q1 25 | $27.0M | $171.1M | ||
| Q4 24 | $30.0M | $190.1M | ||
| Q3 24 | $30.6M | $186.3M | ||
| Q2 24 | $30.9M | $187.0M | ||
| Q1 24 | $33.0M | $188.0M |
| Q4 25 | $29.6M | $476.5M | ||
| Q3 25 | $40.1M | $499.6M | ||
| Q2 25 | $45.4M | $498.9M | ||
| Q1 25 | $49.8M | $506.8M | ||
| Q4 24 | $49.5M | $507.8M | ||
| Q3 24 | $52.1M | $507.4M | ||
| Q2 24 | $59.9M | $519.5M | ||
| Q1 24 | $55.7M | $522.5M |
| Q4 25 | — | 1.61× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $15.0M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -6.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $15.0M | ||
| Q3 25 | $-1.6M | $4.1M | ||
| Q2 25 | $-4.4M | $3.9M | ||
| Q1 25 | $-3.9M | $3.0M | ||
| Q4 24 | $-9.0K | $18.2M | ||
| Q3 24 | $-722.0K | $5.1M | ||
| Q2 24 | $2.9M | $4.7M | ||
| Q1 24 | $-6.0K | $3.0M |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $-42.0K | — |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | — | 12.34× | ||
| Q3 25 | — | 3.95× | ||
| Q2 25 | — | — | ||
| 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.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
MDV
Segment breakdown not available.
