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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $11.1M, roughly 1.9× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs 5.2%, a 5.8% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -5.6%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -5.2%).

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.

EPM vs MDV — Head-to-Head

Bigger by revenue
EPM
EPM
1.9× larger
EPM
$20.7M
$11.1M
MDV
Growing faster (revenue YoY)
EPM
EPM
+7.6% gap
EPM
2.0%
-5.6%
MDV
Higher net margin
MDV
MDV
5.8% more per $
MDV
11.0%
5.2%
EPM
Faster 2-yr revenue CAGR
MDV
MDV
Annualised
MDV
-3.8%
-5.2%
EPM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EPM
EPM
MDV
MDV
Revenue
$20.7M
$11.1M
Net Profit
$1.1M
$1.2M
Gross Margin
44.3%
Operating Margin
3.2%
45.8%
Net Margin
5.2%
11.0%
Revenue YoY
2.0%
-5.6%
Net Profit YoY
158.4%
-22.0%
EPS (diluted)
$0.03
$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
EPM
EPM
MDV
MDV
Q4 25
$20.7M
$11.1M
Q3 25
$21.3M
$11.7M
Q2 25
$21.1M
$11.8M
Q1 25
$22.6M
$11.8M
Q4 24
$20.3M
$11.7M
Q3 24
$21.9M
$11.7M
Q2 24
$21.2M
$11.4M
Q1 24
$23.0M
$12.0M
Net Profit
EPM
EPM
MDV
MDV
Q4 25
$1.1M
$1.2M
Q3 25
$824.0K
$1.0M
Q2 25
$3.4M
$-2.0M
Q1 25
$-2.2M
$829.0K
Q4 24
$-1.8M
$1.6M
Q3 24
$2.1M
$-587.0K
Q2 24
$1.2M
$1.3M
Q1 24
$289.0K
$3.7M
Gross Margin
EPM
EPM
MDV
MDV
Q4 25
44.3%
Q3 25
38.5%
Q2 25
46.1%
Q1 25
40.7%
Q4 24
36.9%
Q3 24
46.2%
Q2 24
46.3%
Q1 24
45.2%
Operating Margin
EPM
EPM
MDV
MDV
Q4 25
3.2%
45.8%
Q3 25
-0.4%
41.4%
Q2 25
6.3%
9.8%
Q1 25
7.0%
40.2%
Q4 24
-3.0%
45.4%
Q3 24
8.5%
42.0%
Q2 24
11.3%
44.6%
Q1 24
9.1%
55.6%
Net Margin
EPM
EPM
MDV
MDV
Q4 25
5.2%
11.0%
Q3 25
3.9%
9.0%
Q2 25
16.2%
-17.1%
Q1 25
-9.7%
7.0%
Q4 24
-9.0%
13.3%
Q3 24
9.4%
-5.0%
Q2 24
5.8%
11.6%
Q1 24
1.3%
31.1%
EPS (diluted)
EPM
EPM
MDV
MDV
Q4 25
$0.03
$0.02
Q3 25
$0.02
$0.00
Q2 25
$0.10
$-0.32
Q1 25
$-0.07
$-0.01
Q4 24
$-0.06
$0.07
Q3 24
$0.06
$-0.18
Q2 24
$0.04
$0.03
Q1 24
$0.01
$0.33

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$3.8M
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$67.5M
$162.7M
Total Assets
$169.3M
$476.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
MDV
MDV
Q4 25
$3.8M
$14.4M
Q3 25
$714.0K
$8.3M
Q2 25
$2.5M
$5.8M
Q1 25
$5.6M
$6.2M
Q4 24
$11.7M
$11.5M
Q3 24
$6.9M
$6.8M
Q2 24
$6.4M
$18.9M
Q1 24
$3.1M
$18.4M
Total Debt
EPM
EPM
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
EPM
EPM
MDV
MDV
Q4 25
$67.5M
$162.7M
Q3 25
$69.1M
$164.8M
Q2 25
$71.8M
$165.6M
Q1 25
$71.7M
$171.1M
Q4 24
$76.3M
$190.1M
Q3 24
$79.6M
$186.3M
Q2 24
$81.1M
$187.0M
Q1 24
$83.5M
$188.0M
Total Assets
EPM
EPM
MDV
MDV
Q4 25
$169.3M
$476.5M
Q3 25
$169.1M
$499.6M
Q2 25
$160.3M
$498.9M
Q1 25
$156.4M
$506.8M
Q4 24
$160.2M
$507.8M
Q3 24
$157.9M
$507.4M
Q2 24
$162.9M
$519.5M
Q1 24
$166.5M
$522.5M
Debt / Equity
EPM
EPM
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
EPM
EPM
MDV
MDV
Operating Cash FlowLast quarter
$5.4M
$15.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.09×
12.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
MDV
MDV
Q4 25
$5.4M
$15.0M
Q3 25
$7.8M
$4.1M
Q2 25
$10.5M
$3.9M
Q1 25
$7.3M
$3.0M
Q4 24
$7.7M
$18.2M
Q3 24
$7.6M
$5.1M
Q2 24
$8.0M
$4.7M
Q1 24
$3.4M
$3.0M
Cash Conversion
EPM
EPM
MDV
MDV
Q4 25
5.09×
12.34×
Q3 25
9.47×
3.95×
Q2 25
3.06×
Q1 25
3.68×
Q4 24
11.72×
Q3 24
3.69×
Q2 24
6.47×
3.55×
Q1 24
11.64×
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPM
EPM

Crude Oil$10.7M52%
Natural Gas Reserves$7.4M36%
Natural Gas Liquids Reserves$2.5M12%

MDV
MDV

Segment breakdown not available.

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