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Side-by-side financial comparison of enCore Energy Corp. (EU) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $11.1M, roughly 1.1× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -173.9%, a 184.9% gap on every dollar of revenue.
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
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.
EU vs MDV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $11.1M |
| Net Profit | $-21.5M | $1.2M |
| Gross Margin | 37.9% | — |
| Operating Margin | -135.9% | 45.8% |
| Net Margin | -173.9% | 11.0% |
| Revenue YoY | — | -5.6% |
| Net Profit YoY | — | -22.0% |
| EPS (diluted) | $-0.11 | $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 | $12.4M | $11.1M | ||
| Q3 25 | $8.9M | $11.7M | ||
| Q2 25 | $3.7M | $11.8M | ||
| Q1 25 | $18.2M | $11.8M | ||
| Q4 24 | — | $11.7M | ||
| Q3 24 | — | $11.7M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $12.0M |
| Q4 25 | $-21.5M | $1.2M | ||
| Q3 25 | $-4.8M | $1.0M | ||
| Q2 25 | $-6.3M | $-2.0M | ||
| Q1 25 | $-24.2M | $829.0K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $-587.0K | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.7M |
| Q4 25 | 37.9% | — | ||
| Q3 25 | 43.8% | — | ||
| Q2 25 | 30.8% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -135.9% | 45.8% | ||
| Q3 25 | -158.2% | 41.4% | ||
| Q2 25 | -526.1% | 9.8% | ||
| Q1 25 | -85.7% | 40.2% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | -173.9% | 11.0% | ||
| Q3 25 | -53.7% | 9.0% | ||
| Q2 25 | -172.7% | -17.1% | ||
| Q1 25 | -132.9% | 7.0% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | -5.0% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | $-0.11 | $0.02 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $-0.03 | $-0.32 | ||
| Q1 25 | $-0.13 | $-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 | $52.4M | $14.4M |
| Total DebtLower is stronger | $110.0M | $261.5M |
| Stockholders' EquityBook value | $229.2M | $162.7M |
| Total Assets | $430.4M | $476.5M |
| Debt / EquityLower = less leverage | 0.48× | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $14.4M | ||
| Q3 25 | $91.9M | $8.3M | ||
| Q2 25 | $26.9M | $5.8M | ||
| Q1 25 | $29.7M | $6.2M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $18.4M |
| Q4 25 | $110.0M | $261.5M | ||
| Q3 25 | $109.3M | $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 | $229.2M | $162.7M | ||
| Q3 25 | $248.6M | $164.8M | ||
| Q2 25 | $264.7M | $165.6M | ||
| Q1 25 | $267.9M | $171.1M | ||
| Q4 24 | — | $190.1M | ||
| Q3 24 | — | $186.3M | ||
| Q2 24 | — | $187.0M | ||
| Q1 24 | — | $188.0M |
| Q4 25 | $430.4M | $476.5M | ||
| Q3 25 | $441.9M | $499.6M | ||
| Q2 25 | $359.4M | $498.9M | ||
| Q1 25 | $362.6M | $506.8M | ||
| Q4 24 | — | $507.8M | ||
| Q3 24 | — | $507.4M | ||
| Q2 24 | — | $519.5M | ||
| Q1 24 | — | $522.5M |
| Q4 25 | 0.48× | 1.61× | ||
| Q3 25 | 0.44× | 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 | $12.9M | $15.0M |
| Free Cash FlowOCF − Capex | $7.2M | — |
| FCF MarginFCF / Revenue | 57.8% | — |
| Capex IntensityCapex / Revenue | 46.7% | — |
| Cash ConversionOCF / Net Profit | — | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $15.0M | ||
| Q3 25 | $-20.3M | $4.1M | ||
| Q2 25 | $-9.9M | $3.9M | ||
| Q1 25 | $-7.7M | $3.0M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $4.7M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $7.2M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q2 25 | $-14.1M | — | ||
| Q1 25 | $-11.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 57.8% | — | ||
| Q3 25 | -296.6% | — | ||
| Q2 25 | -385.2% | — | ||
| Q1 25 | -64.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 46.7% | — | ||
| Q3 25 | 68.0% | — | ||
| Q2 25 | 115.1% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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.
