vs

Side-by-side financial comparison of Dogness (International) Corp (DOGZ) 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 $7.7M, roughly 1.4× Dogness (International) Corp). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -67.1%, a 78.1% gap on every dollar of revenue.

Dogness (International) Corp is a pet product manufacturer focused on designing, producing and selling a broad portfolio of pet care goods, including smart pet feeders, automatic waterers, leashes, collars and grooming tools. Its core markets cover North America, Europe and China, serving both retail consumers and B2B partners in the global pet industry.

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.

DOGZ vs MDV — Head-to-Head

Bigger by revenue
MDV
MDV
1.4× larger
MDV
$11.1M
$7.7M
DOGZ
Higher net margin
MDV
MDV
78.1% more per $
MDV
11.0%
-67.1%
DOGZ

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
DOGZ
DOGZ
MDV
MDV
Revenue
$7.7M
$11.1M
Net Profit
$-5.2M
$1.2M
Gross Margin
11.2%
Operating Margin
-70.8%
45.8%
Net Margin
-67.1%
11.0%
Revenue YoY
-5.6%
Net Profit YoY
-22.0%
EPS (diluted)
$-0.29
$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
DOGZ
DOGZ
MDV
MDV
Q4 25
$7.7M
$11.1M
Q3 25
$11.7M
Q2 25
$6.7M
$11.8M
Q1 25
$11.8M
Q4 24
$11.7M
Q3 24
$11.7M
Q2 24
$11.4M
Q1 24
$12.0M
Net Profit
DOGZ
DOGZ
MDV
MDV
Q4 25
$-5.2M
$1.2M
Q3 25
$1.0M
Q2 25
$-3.2M
$-2.0M
Q1 25
$829.0K
Q4 24
$1.6M
Q3 24
$-587.0K
Q2 24
$1.3M
Q1 24
$3.7M
Gross Margin
DOGZ
DOGZ
MDV
MDV
Q4 25
11.2%
Q3 25
Q2 25
19.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
DOGZ
DOGZ
MDV
MDV
Q4 25
-70.8%
45.8%
Q3 25
41.4%
Q2 25
-53.6%
9.8%
Q1 25
40.2%
Q4 24
45.4%
Q3 24
42.0%
Q2 24
44.6%
Q1 24
55.6%
Net Margin
DOGZ
DOGZ
MDV
MDV
Q4 25
-67.1%
11.0%
Q3 25
9.0%
Q2 25
-47.9%
-17.1%
Q1 25
7.0%
Q4 24
13.3%
Q3 24
-5.0%
Q2 24
11.6%
Q1 24
31.1%
EPS (diluted)
DOGZ
DOGZ
MDV
MDV
Q4 25
$-0.29
$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
DOGZ
DOGZ
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$6.6M
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$95.1M
$162.7M
Total Assets
$114.5M
$476.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOGZ
DOGZ
MDV
MDV
Q4 25
$6.6M
$14.4M
Q3 25
$8.3M
Q2 25
$12.8M
$5.8M
Q1 25
$6.2M
Q4 24
$11.5M
Q3 24
$6.8M
Q2 24
$18.9M
Q1 24
$18.4M
Total Debt
DOGZ
DOGZ
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
DOGZ
DOGZ
MDV
MDV
Q4 25
$95.1M
$162.7M
Q3 25
$164.8M
Q2 25
$97.8M
$165.6M
Q1 25
$171.1M
Q4 24
$190.1M
Q3 24
$186.3M
Q2 24
$187.0M
Q1 24
$188.0M
Total Assets
DOGZ
DOGZ
MDV
MDV
Q4 25
$114.5M
$476.5M
Q3 25
$499.6M
Q2 25
$116.8M
$498.9M
Q1 25
$506.8M
Q4 24
$507.8M
Q3 24
$507.4M
Q2 24
$519.5M
Q1 24
$522.5M
Debt / Equity
DOGZ
DOGZ
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
DOGZ
DOGZ
MDV
MDV
Operating Cash FlowLast quarter
$-1.6M
$15.0M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-77.8%
Capex IntensityCapex / Revenue
56.9%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOGZ
DOGZ
MDV
MDV
Q4 25
$-1.6M
$15.0M
Q3 25
$4.1M
Q2 25
$3.9M
Q1 25
$3.0M
Q4 24
$18.2M
Q3 24
$5.1M
Q2 24
$4.7M
Q1 24
$3.0M
Free Cash Flow
DOGZ
DOGZ
MDV
MDV
Q4 25
$-6.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
DOGZ
DOGZ
MDV
MDV
Q4 25
-77.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
DOGZ
DOGZ
MDV
MDV
Q4 25
56.9%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
DOGZ
DOGZ
MDV
MDV
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.

Related Comparisons