vs
Side-by-side financial comparison of BGSF, INC. (BGSF) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $11.1M, roughly 2.0× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -5.3%, a 16.2% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -9.4%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs MDV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $11.1M |
| Net Profit | $-1.2M | $1.2M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 45.8% |
| Net Margin | -5.3% | 11.0% |
| Revenue YoY | -9.4% | -5.6% |
| Net Profit YoY | -18.2% | -22.0% |
| EPS (diluted) | $-0.12 | $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 | $22.0M | $11.1M | ||
| Q3 25 | $26.9M | $11.7M | ||
| Q2 25 | $23.5M | $11.8M | ||
| Q1 25 | $20.9M | $11.8M | ||
| Q4 24 | $24.3M | $11.7M | ||
| Q3 24 | $29.8M | $11.7M | ||
| Q2 24 | $25.7M | $11.4M | ||
| Q1 24 | $24.5M | $12.0M |
| Q4 25 | $-1.2M | $1.2M | ||
| Q3 25 | $-5.8M | $1.0M | ||
| Q2 25 | $-3.7M | $-2.0M | ||
| Q1 25 | $-722.0K | $829.0K | ||
| Q4 24 | $-981.0K | $1.6M | ||
| Q3 24 | $-804.0K | $-587.0K | ||
| Q2 24 | $-761.0K | $1.3M | ||
| Q1 24 | $-792.0K | $3.7M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | 45.8% | ||
| Q3 25 | -3.5% | 41.4% | ||
| Q2 25 | -18.8% | 9.8% | ||
| Q1 25 | 1.6% | 40.2% | ||
| Q4 24 | -15.7% | 45.4% | ||
| Q3 24 | -3.4% | 42.0% | ||
| Q2 24 | -5.7% | 44.6% | ||
| Q1 24 | 1.7% | 55.6% |
| Q4 25 | -5.3% | 11.0% | ||
| Q3 25 | -21.6% | 9.0% | ||
| Q2 25 | -15.9% | -17.1% | ||
| Q1 25 | -3.5% | 7.0% | ||
| Q4 24 | -4.0% | 13.3% | ||
| Q3 24 | -2.7% | -5.0% | ||
| Q2 24 | -3.0% | 11.6% | ||
| Q1 24 | -3.2% | 31.1% |
| Q4 25 | $-0.12 | $0.02 | ||
| Q3 25 | $-0.52 | $0.00 | ||
| Q2 25 | $-0.34 | $-0.32 | ||
| Q1 25 | $-0.06 | $-0.01 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | $-0.07 | $-0.18 | ||
| Q2 24 | $-0.07 | $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 | — | $14.4M |
| Total DebtLower is stronger | — | $261.5M |
| Stockholders' EquityBook value | $48.1M | $162.7M |
| Total Assets | $57.8M | $476.5M |
| Debt / EquityLower = less leverage | — | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.4M | ||
| Q3 25 | $41.2M | $8.3M | ||
| Q2 25 | $2.8M | $5.8M | ||
| Q1 25 | $2.0M | $6.2M | ||
| Q4 24 | $32.0K | $11.5M | ||
| Q3 24 | $262 | $6.8M | ||
| Q2 24 | $226 | $18.9M | ||
| Q1 24 | $50 | $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 | $48.1M | $162.7M | ||
| Q3 25 | $50.7M | $164.8M | ||
| Q2 25 | $78.3M | $165.6M | ||
| Q1 25 | $81.8M | $171.1M | ||
| Q4 24 | $82.3M | $190.1M | ||
| Q3 24 | $82.9M | $186.3M | ||
| Q2 24 | $83.2M | $187.0M | ||
| Q1 24 | $83.6M | $188.0M |
| Q4 25 | $57.8M | $476.5M | ||
| Q3 25 | $83.6M | $499.6M | ||
| Q2 25 | $149.7M | $498.9M | ||
| Q1 25 | $152.3M | $506.8M | ||
| Q4 24 | $150.1M | $507.8M | ||
| Q3 24 | $157.3K | $507.4M | ||
| Q2 24 | $159.8K | $519.5M | ||
| Q1 24 | $170.6K | $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 | $1.7M | $15.0M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $15.0M | ||
| Q3 25 | $-4.8M | $4.1M | ||
| Q2 25 | $2.2M | $3.9M | ||
| Q1 25 | $1.1M | $3.0M | ||
| Q4 24 | $3.2M | $18.2M | ||
| Q3 24 | $6.5M | $5.1M | ||
| Q2 24 | $7.3M | $4.7M | ||
| Q1 24 | $7.4M | $3.0M |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 2.0% | — |
| 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
MDV
Segment breakdown not available.
