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Side-by-side financial comparison of SemiLEDs Corp (LEDS) and Medalist Diversified REIT, Inc. (MDRR). Click either name above to swap in a different company.

Medalist Diversified REIT, Inc. is the larger business by last-quarter revenue ($2.8M vs $2.6M, roughly 1.1× SemiLEDs Corp). Medalist Diversified REIT, Inc. runs the higher net margin — -18.8% vs -28.9%, a 10.1% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs 11.8%). SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $77.0K). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs 4.8%).

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

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.

LEDS vs MDRR — Head-to-Head

Bigger by revenue
MDRR
MDRR
1.1× larger
MDRR
$2.8M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+91.9% gap
LEDS
103.7%
11.8%
MDRR
Higher net margin
MDRR
MDRR
10.1% more per $
MDRR
-18.8%
-28.9%
LEDS
More free cash flow
LEDS
LEDS
$254.0K more FCF
LEDS
$331.0K
$77.0K
MDRR
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
4.8%
MDRR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LEDS
LEDS
MDRR
MDRR
Revenue
$2.6M
$2.8M
Net Profit
$-742.0K
$-529.6K
Gross Margin
0.7%
Operating Margin
-39.4%
14.8%
Net Margin
-28.9%
-18.8%
Revenue YoY
103.7%
11.8%
Net Profit YoY
-35.6%
-88.4%
EPS (diluted)
$-0.09
$-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.

Revenue
LEDS
LEDS
MDRR
MDRR
Q4 25
$2.6M
$2.8M
Q3 25
$13.2M
$2.8M
Q2 25
$17.7M
$2.5M
Q1 25
$10.9M
$2.3M
Q4 24
$1.3M
$2.5M
Q3 24
$1.3M
$2.3M
Q2 24
$1.3M
$2.3M
Q1 24
$886.0K
$2.6M
Net Profit
LEDS
LEDS
MDRR
MDRR
Q4 25
$-742.0K
$-529.6K
Q3 25
$-1.2M
$-395.9K
Q2 25
$223.0K
$-456.4K
Q1 25
$388.0K
$-1.0M
Q4 24
$-547.0K
$-281.2K
Q3 24
$-527.0K
Q2 24
$-319.0K
$-521.7K
Q1 24
$-559.0K
$1.4M
Gross Margin
LEDS
LEDS
MDRR
MDRR
Q4 25
0.7%
Q3 25
1.7%
Q2 25
5.3%
Q1 25
9.2%
Q4 24
20.6%
Q3 24
11.6%
Q2 24
41.0%
Q1 24
12.6%
Operating Margin
LEDS
LEDS
MDRR
MDRR
Q4 25
-39.4%
14.8%
Q3 25
-9.0%
15.8%
Q2 25
-0.4%
9.8%
Q1 25
1.0%
-23.8%
Q4 24
-52.1%
17.7%
Q3 24
13.0%
Q2 24
-35.8%
9.4%
Q1 24
-93.9%
Net Margin
LEDS
LEDS
MDRR
MDRR
Q4 25
-28.9%
-18.8%
Q3 25
-9.0%
-14.2%
Q2 25
1.3%
-18.5%
Q1 25
3.6%
-43.4%
Q4 24
-43.4%
-11.1%
Q3 24
-22.6%
Q2 24
-24.1%
-22.7%
Q1 24
-63.1%
52.8%
EPS (diluted)
LEDS
LEDS
MDRR
MDRR
Q4 25
$-0.09
$-0.49
Q3 25
$-0.15
$-0.33
Q2 25
$0.03
$-0.34
Q1 25
$0.05
$-0.74
Q4 24
$-0.08
$-0.24
Q3 24
$-0.47
Q2 24
$-0.04
$-0.47
Q1 24
$-0.11
$1.21

Balance Sheet & Financial Strength

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

Metric
LEDS
LEDS
MDRR
MDRR
Cash + ST InvestmentsLiquidity on hand
$2.9M
$2.6M
Total DebtLower is stronger
$51.4M
Stockholders' EquityBook value
$2.1M
$9.4M
Total Assets
$14.2M
$77.7M
Debt / EquityLower = less leverage
5.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEDS
LEDS
MDRR
MDRR
Q4 25
$2.9M
$2.6M
Q3 25
$2.6M
$1.9M
Q2 25
$2.4M
$2.0M
Q1 25
$2.4M
$2.7M
Q4 24
$1.2M
$4.8M
Q3 24
$1.7M
$3.1M
Q2 24
$1.7M
$3.8M
Q1 24
$1.6M
$3.6M
Total Debt
LEDS
LEDS
MDRR
MDRR
Q4 25
$51.4M
Q3 25
$1.7M
$63.6M
Q2 25
$49.6M
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
LEDS
LEDS
MDRR
MDRR
Q4 25
$2.1M
$9.4M
Q3 25
$2.8M
$10.4M
Q2 25
$4.0M
$13.4M
Q1 25
$3.6M
$14.0M
Q4 24
$1.6M
$15.0M
Q3 24
$2.2M
$12.6M
Q2 24
$2.7M
$13.2M
Q1 24
$3.0M
$13.7M
Total Assets
LEDS
LEDS
MDRR
MDRR
Q4 25
$14.2M
$77.7M
Q3 25
$15.6M
$92.1M
Q2 25
$23.2M
$77.7M
Q1 25
$23.2M
$78.2M
Q4 24
$10.4M
$75.1M
Q3 24
$11.1M
$74.6M
Q2 24
$11.5M
$75.2M
Q1 24
$12.0M
$76.0M
Debt / Equity
LEDS
LEDS
MDRR
MDRR
Q4 25
5.45×
Q3 25
0.61×
6.13×
Q2 25
3.70×
Q1 25
Q4 24
Q3 24
1.69×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LEDS
LEDS
MDRR
MDRR
Operating Cash FlowLast quarter
$361.0K
$1.5M
Free Cash FlowOCF − Capex
$331.0K
$77.0K
FCF MarginFCF / Revenue
12.9%
2.7%
Capex IntensityCapex / Revenue
1.2%
51.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEDS
LEDS
MDRR
MDRR
Q4 25
$361.0K
$1.5M
Q3 25
$1.6M
Q2 25
$693.0K
$244.1K
Q1 25
$1.4M
$460.0K
Q4 24
$-158.0K
$1.8M
Q3 24
$139.9K
Q2 24
$109.0K
$778.6K
Q1 24
$-600.0K
$492.4K
Free Cash Flow
LEDS
LEDS
MDRR
MDRR
Q4 25
$331.0K
$77.0K
Q3 25
$1000.0K
Q2 25
$383.0K
$-181.5K
Q1 25
$1.3M
$322.4K
Q4 24
$-276.0K
$893.7K
Q3 24
$-164.7K
Q2 24
$98.0K
$645.6K
Q1 24
$-619.0K
$265.8K
FCF Margin
LEDS
LEDS
MDRR
MDRR
Q4 25
12.9%
2.7%
Q3 25
35.9%
Q2 25
2.2%
-7.4%
Q1 25
11.8%
13.9%
Q4 24
-21.9%
35.4%
Q3 24
-7.0%
Q2 24
7.4%
28.1%
Q1 24
-69.9%
10.3%
Capex Intensity
LEDS
LEDS
MDRR
MDRR
Q4 25
1.2%
51.5%
Q3 25
0.2%
20.4%
Q2 25
1.8%
17.3%
Q1 25
1.1%
5.9%
Q4 24
9.4%
35.7%
Q3 24
9.3%
13.0%
Q2 24
0.8%
5.8%
Q1 24
2.1%
8.8%
Cash Conversion
LEDS
LEDS
MDRR
MDRR
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
Q4 24
Q3 24
Q2 24
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEDS
LEDS

Segment breakdown not available.

MDRR
MDRR

Retail Center Properties$1.6M58%
Other$1.2M42%

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