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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $11.1M, roughly 1.7× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -0.8%, a 11.8% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -25.7%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -15.9%).

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

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.

CTMX vs MDV — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.7× larger
CTMX
$18.7M
$11.1M
MDV
Growing faster (revenue YoY)
MDV
MDV
+20.1% gap
MDV
-5.6%
-25.7%
CTMX
Higher net margin
MDV
MDV
11.8% more per $
MDV
11.0%
-0.8%
CTMX
Faster 2-yr revenue CAGR
MDV
MDV
Annualised
MDV
-3.8%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
MDV
MDV
Revenue
$18.7M
$11.1M
Net Profit
$-154.0K
$1.2M
Gross Margin
Operating Margin
-6.9%
45.8%
Net Margin
-0.8%
11.0%
Revenue YoY
-25.7%
-5.6%
Net Profit YoY
97.6%
-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.

Revenue
CTMX
CTMX
MDV
MDV
Q4 25
$11.1M
Q3 25
$11.7M
Q2 25
$18.7M
$11.8M
Q1 25
$50.9M
$11.8M
Q4 24
$38.1M
$11.7M
Q3 24
$33.4M
$11.7M
Q2 24
$25.1M
$11.4M
Q1 24
$41.5M
$12.0M
Net Profit
CTMX
CTMX
MDV
MDV
Q4 25
$1.2M
Q3 25
$1.0M
Q2 25
$-154.0K
$-2.0M
Q1 25
$23.5M
$829.0K
Q4 24
$18.9M
$1.6M
Q3 24
$5.7M
$-587.0K
Q2 24
$-6.5M
$1.3M
Q1 24
$13.8M
$3.7M
Operating Margin
CTMX
CTMX
MDV
MDV
Q4 25
45.8%
Q3 25
41.4%
Q2 25
-6.9%
9.8%
Q1 25
44.4%
40.2%
Q4 24
46.4%
45.4%
Q3 24
12.3%
42.0%
Q2 24
-33.7%
44.6%
Q1 24
28.1%
55.6%
Net Margin
CTMX
CTMX
MDV
MDV
Q4 25
11.0%
Q3 25
9.0%
Q2 25
-0.8%
-17.1%
Q1 25
46.2%
7.0%
Q4 24
49.6%
13.3%
Q3 24
17.2%
-5.0%
Q2 24
-26.0%
11.6%
Q1 24
33.3%
31.1%
EPS (diluted)
CTMX
CTMX
MDV
MDV
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
CTMX
CTMX
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$49.0M
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$119.9M
$162.7M
Total Assets
$175.1M
$476.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
MDV
MDV
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$49.0M
$5.8M
Q1 25
$47.6M
$6.2M
Q4 24
$38.1M
$11.5M
Q3 24
$40.6M
$6.8M
Q2 24
$43.2M
$18.9M
Q1 24
$36.2M
$18.4M
Total Debt
CTMX
CTMX
MDV
MDV
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
Stockholders' Equity
CTMX
CTMX
MDV
MDV
Q4 25
$162.7M
Q3 25
$164.8M
Q2 25
$119.9M
$165.6M
Q1 25
$25.0M
$171.1M
Q4 24
$-456.0K
$190.1M
Q3 24
$-23.5M
$186.3M
Q2 24
$-31.2M
$187.0M
Q1 24
$-31.7M
$188.0M
Total Assets
CTMX
CTMX
MDV
MDV
Q4 25
$476.5M
Q3 25
$499.6M
Q2 25
$175.1M
$498.9M
Q1 25
$98.5M
$506.8M
Q4 24
$120.5M
$507.8M
Q3 24
$139.0M
$507.4M
Q2 24
$159.2M
$519.5M
Q1 24
$184.7M
$522.5M
Debt / Equity
CTMX
CTMX
MDV
MDV
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
CTMX
CTMX
MDV
MDV
Operating Cash FlowLast quarter
$-15.8M
$15.0M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
MDV
MDV
Q4 25
$15.0M
Q3 25
$4.1M
Q2 25
$-15.8M
$3.9M
Q1 25
$-21.0M
$3.0M
Q4 24
$-19.9M
$18.2M
Q3 24
$-20.7M
$5.1M
Q2 24
$-19.5M
$4.7M
Q1 24
$-26.0M
$3.0M
Free Cash Flow
CTMX
CTMX
MDV
MDV
Q4 25
Q3 25
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
FCF Margin
CTMX
CTMX
MDV
MDV
Q4 25
Q3 25
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Capex Intensity
CTMX
CTMX
MDV
MDV
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
CTMX
CTMX
MDV
MDV
Q4 25
12.34×
Q3 25
3.95×
Q2 25
Q1 25
-0.89×
3.68×
Q4 24
-1.05×
11.72×
Q3 24
-3.61×
Q2 24
3.55×
Q1 24
-1.89×
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

MDV
MDV

Segment breakdown not available.

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