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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $12.2M, roughly 1.4× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -24.9%, a 44.8% gap on every dollar of revenue.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

FVR vs VFF — Head-to-Head

Bigger by revenue
FVR
FVR
1.4× larger
FVR
$16.5M
$12.2M
VFF
Higher net margin
VFF
VFF
44.8% more per $
VFF
19.9%
-24.9%
FVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
VFF
VFF
Revenue
$16.5M
$12.2M
Net Profit
$-4.1M
$2.4M
Gross Margin
Operating Margin
Net Margin
-24.9%
19.9%
Revenue YoY
31.5%
Net Profit YoY
128.2%
EPS (diluted)
$-0.19
$0.01

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
FVR
FVR
VFF
VFF
Q4 25
$16.5M
$12.2M
Q3 25
$16.8M
$66.7M
Q2 25
$17.6M
$59.9M
Q1 25
$16.2M
$77.1M
Q3 24
$14.5M
$54.9M
Q2 24
$53.6M
Q1 24
$78.1M
Q4 23
$-48.3M
Net Profit
FVR
FVR
VFF
VFF
Q4 25
$-4.1M
$2.4M
Q3 25
$4.0M
$10.2M
Q2 25
$-2.9M
$26.5M
Q1 25
$-833.0K
$-6.7M
Q3 24
$-2.4M
$-820.0K
Q2 24
$-23.5M
Q1 24
$-2.9M
Q4 23
$-25.5M
Gross Margin
FVR
FVR
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Q4 23
Operating Margin
FVR
FVR
VFF
VFF
Q4 25
Q3 25
23.3%
Q2 25
20.8%
Q1 25
-8.0%
Q3 24
3.8%
Q2 24
-43.5%
Q1 24
-3.0%
Q4 23
Net Margin
FVR
FVR
VFF
VFF
Q4 25
-24.9%
19.9%
Q3 25
23.9%
15.3%
Q2 25
-16.5%
44.2%
Q1 25
-5.1%
-8.7%
Q3 24
-16.7%
-1.5%
Q2 24
-43.9%
Q1 24
-3.7%
Q4 23
52.8%
EPS (diluted)
FVR
FVR
VFF
VFF
Q4 25
$-0.19
$0.01
Q3 25
$0.19
$0.08
Q2 25
$-0.16
$0.24
Q1 25
$-0.06
$-0.06
Q3 24
$-0.01
Q2 24
$-0.21
Q1 24
$-0.03
Q4 23
$-0.24

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$13.5M
$81.2M
Total DebtLower is stronger
$314.3M
$33.7M
Stockholders' EquityBook value
$391.2M
$299.9M
Total Assets
$854.4M
$423.1M
Debt / EquityLower = less leverage
0.80×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
VFF
VFF
Q4 25
$13.5M
$81.2M
Q3 25
$19.6M
$82.6M
Q2 25
$8.4M
$60.0M
Q1 25
$3.3M
$15.1M
Q3 24
$28.7M
Q2 24
$29.7M
Q1 24
$26.7M
Q4 23
$30.3M
Total Debt
FVR
FVR
VFF
VFF
Q4 25
$314.3M
$33.7M
Q3 25
$307.1M
$34.6M
Q2 25
$316.9M
$39.1M
Q1 25
$310.2M
$39.2M
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Q4 23
$48.1M
Stockholders' Equity
FVR
FVR
VFF
VFF
Q4 25
$391.2M
$299.9M
Q3 25
$385.2M
$295.4M
Q2 25
$369.9M
$284.3M
Q1 25
$324.7M
$248.3M
Q3 24
$1.0K
$274.4M
Q2 24
$275.2M
Q1 24
$296.2M
Q4 23
$299.6M
Total Assets
FVR
FVR
VFF
VFF
Q4 25
$854.4M
$423.1M
Q3 25
$846.8M
$418.4M
Q2 25
$856.5M
$403.7M
Q1 25
$860.8M
$377.1M
Q3 24
$1.0K
$417.8M
Q2 24
$425.4M
Q1 24
$458.4M
Q4 23
$464.0M
Debt / Equity
FVR
FVR
VFF
VFF
Q4 25
0.80×
0.11×
Q3 25
0.80×
0.12×
Q2 25
0.86×
0.14×
Q1 25
0.96×
0.16×
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×
Q4 23
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVR
FVR
VFF
VFF
Operating Cash FlowLast quarter
$42.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
VFF
VFF
Q4 25
$42.1M
Q3 25
$8.3M
$24.4M
Q2 25
$9.3M
Q1 25
$8.1M
$-6.4M
Q3 24
$4.3M
Q2 24
$5.7M
Q1 24
$-50.0K
Q4 23
$-1.5M
Free Cash Flow
FVR
FVR
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
Q1 25
$-8.9M
Q3 24
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
Q4 23
$-2.2M
FCF Margin
FVR
FVR
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
Q1 25
-11.6%
Q3 24
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Q4 23
4.6%
Capex Intensity
FVR
FVR
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q3 24
5.1%
Q2 24
1.6%
Q1 24
2.4%
Q4 23
-1.6%
Cash Conversion
FVR
FVR
VFF
VFF
Q4 25
Q3 25
2.06×
2.39×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

FVR
FVR

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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