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Side-by-side financial comparison of HeartCore Enterprises, Inc. (HTCR) and Medalist Diversified REIT, Inc. (MDRR). Click either name above to swap in a different company.
HeartCore Enterprises, Inc. is the larger business by last-quarter revenue ($3.0M vs $2.8M, roughly 1.1× Medalist Diversified REIT, Inc.). HeartCore Enterprises, Inc. runs the higher net margin — 14.5% vs -18.8%, a 33.3% gap on every dollar of revenue. On growth, Medalist Diversified REIT, Inc. posted the faster year-over-year revenue change (11.8% vs -81.6%). Over the past eight quarters, Medalist Diversified REIT, Inc.'s revenue compounded faster (4.8% CAGR vs -5.2%).
HeartCore Enterprises, Inc. is a global SaaS provider specializing in customer experience management, digital transformation solutions, and marketing technology tools. It operates mainly in Japan, Asia-Pacific, and North America, serving small-to-medium businesses and large enterprises with content management systems, marketing automation platforms, and CRM solutions.
Medalist Diversified REIT, Inc. is a publicly traded real estate investment trust focused on owning, operating, and acquiring income-generating multi-family residential properties. Its portfolio is concentrated in high-growth US Southeast and Mid-Atlantic markets, targeting stable long-term returns for shareholders via rental income and property appreciation.
HTCR vs MDRR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0M | $2.8M |
| Net Profit | $434.1K | $-529.6K |
| Gross Margin | 49.1% | — |
| Operating Margin | -0.4% | 14.8% |
| Net Margin | 14.5% | -18.8% |
| Revenue YoY | -81.6% | 11.8% |
| Net Profit YoY | -96.1% | -88.4% |
| EPS (diluted) | $0.02 | $-0.49 |
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 | — | $2.8M | ||
| Q3 25 | $3.0M | $2.8M | ||
| Q2 25 | $4.7M | $2.5M | ||
| Q1 25 | $3.6M | $2.3M | ||
| Q4 24 | $-2.7M | $2.5M | ||
| Q3 24 | $16.2M | $2.3M | ||
| Q2 24 | $4.1M | $2.3M | ||
| Q1 24 | $5.0M | $2.6M |
| Q4 25 | — | $-529.6K | ||
| Q3 25 | $434.1K | $-395.9K | ||
| Q2 25 | $1.1M | $-456.4K | ||
| Q1 25 | $-3.1M | $-1.0M | ||
| Q4 24 | $-9.3M | $-281.2K | ||
| Q3 24 | $11.1M | $-527.0K | ||
| Q2 24 | $-2.0M | $-521.7K | ||
| Q1 24 | $-1.3M | $1.4M |
| Q4 25 | — | — | ||
| Q3 25 | 49.1% | — | ||
| Q2 25 | 46.7% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 86.3% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 40.3% | — |
| Q4 25 | — | 14.8% | ||
| Q3 25 | -0.4% | 15.8% | ||
| Q2 25 | 2.3% | 9.8% | ||
| Q1 25 | -34.7% | -23.8% | ||
| Q4 24 | 386.5% | 17.7% | ||
| Q3 24 | 76.0% | 13.0% | ||
| Q2 24 | -37.1% | 9.4% | ||
| Q1 24 | -13.5% | — |
| Q4 25 | — | -18.8% | ||
| Q3 25 | 14.5% | -14.2% | ||
| Q2 25 | 23.2% | -18.5% | ||
| Q1 25 | -86.1% | -43.4% | ||
| Q4 24 | 346.8% | -11.1% | ||
| Q3 24 | 68.1% | -22.6% | ||
| Q2 24 | -48.0% | -22.7% | ||
| Q1 24 | -26.4% | 52.8% |
| Q4 25 | — | $-0.49 | ||
| Q3 25 | $0.02 | $-0.33 | ||
| Q2 25 | $0.04 | $-0.34 | ||
| Q1 25 | $-0.14 | $-0.74 | ||
| Q4 24 | $-0.45 | $-0.24 | ||
| Q3 24 | $0.53 | $-0.47 | ||
| Q2 24 | $-0.09 | $-0.47 | ||
| Q1 24 | $-0.06 | $1.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4M | $2.6M |
| Total DebtLower is stronger | $510.9K | $51.4M |
| Stockholders' EquityBook value | $5.2M | $9.4M |
| Total Assets | $13.3M | $77.7M |
| Debt / EquityLower = less leverage | 0.10× | 5.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.6M | ||
| Q3 25 | $4.4M | $1.9M | ||
| Q2 25 | $2.5M | $2.0M | ||
| Q1 25 | $2.3M | $2.7M | ||
| Q4 24 | $6.5M | $4.8M | ||
| Q3 24 | $8.6M | $3.1M | ||
| Q2 24 | $4.2M | $3.8M | ||
| Q1 24 | $1.6M | $3.6M |
| Q4 25 | — | $51.4M | ||
| Q3 25 | $510.9K | $63.6M | ||
| Q2 25 | $1.5M | $49.6M | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $545.1K | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $2.0M | — |
| Q4 25 | — | $9.4M | ||
| Q3 25 | $5.2M | $10.4M | ||
| Q2 25 | $4.8M | $13.4M | ||
| Q1 25 | $1.8M | $14.0M | ||
| Q4 24 | $4.7M | $15.0M | ||
| Q3 24 | $12.4M | $12.6M | ||
| Q2 24 | $1.6M | $13.2M | ||
| Q1 24 | $3.9M | $13.7M |
| Q4 25 | — | $77.7M | ||
| Q3 25 | $13.3M | $92.1M | ||
| Q2 25 | $13.5M | $77.7M | ||
| Q1 25 | $10.2M | $78.2M | ||
| Q4 24 | $14.0M | $75.1M | ||
| Q3 24 | $25.5M | $74.6M | ||
| Q2 24 | $24.1M | $75.2M | ||
| Q1 24 | $22.3M | $76.0M |
| Q4 25 | — | 5.45× | ||
| Q3 25 | 0.10× | 6.13× | ||
| Q2 25 | 0.31× | 3.70× | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 0.50× | — |
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 | — | $1.5M |
| Free Cash FlowOCF − Capex | — | $77.0K |
| FCF MarginFCF / Revenue | — | 2.7% |
| Capex IntensityCapex / Revenue | — | 51.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | $-674.1K | $244.1K | ||
| Q1 25 | $-2.0M | $460.0K | ||
| Q4 24 | $-1.3M | $1.8M | ||
| Q3 24 | $-1.8M | $139.9K | ||
| Q2 24 | $-837.1K | $778.6K | ||
| Q1 24 | $-898.6K | $492.4K |
| Q4 25 | — | $77.0K | ||
| Q3 25 | — | $1000.0K | ||
| Q2 25 | — | $-181.5K | ||
| Q1 25 | — | $322.4K | ||
| Q4 24 | — | $893.7K | ||
| Q3 24 | — | $-164.7K | ||
| Q2 24 | — | $645.6K | ||
| Q1 24 | — | $265.8K |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 35.9% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | -7.0% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | 10.3% |
| Q4 25 | — | 51.5% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 35.7% | ||
| Q3 24 | 0.0% | 13.0% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 8.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTCR
| Customised Software Development And Services | $1.7M | 58% |
| Software Related Cost Of Revenues | $1.4M | 46% |
MDRR
| Retail Center Properties | $1.6M | 58% |
| Other | $1.2M | 42% |
