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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.1M, roughly 1.2× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -13.2%, a 24.1% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -5.6%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -3.8%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

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.

LSF vs MDV — Head-to-Head

Bigger by revenue
LSF
LSF
1.2× larger
LSF
$13.3M
$11.1M
MDV
Growing faster (revenue YoY)
LSF
LSF
+20.6% gap
LSF
15.0%
-5.6%
MDV
Higher net margin
MDV
MDV
24.1% more per $
MDV
11.0%
-13.2%
LSF
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-3.8%
MDV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
MDV
MDV
Revenue
$13.3M
$11.1M
Net Profit
$-1.8M
$1.2M
Gross Margin
34.1%
Operating Margin
-13.5%
45.8%
Net Margin
-13.2%
11.0%
Revenue YoY
15.0%
-5.6%
Net Profit YoY
-341.4%
-22.0%
EPS (diluted)
$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
LSF
LSF
MDV
MDV
Q4 25
$13.3M
$11.1M
Q3 25
$12.9M
$11.7M
Q2 25
$12.0M
$11.8M
Q1 25
$11.7M
$11.8M
Q4 24
$11.6M
$11.7M
Q3 24
$11.8M
$11.7M
Q2 24
$10.0M
$11.4M
Q1 24
$9.9M
$12.0M
Net Profit
LSF
LSF
MDV
MDV
Q4 25
$-1.8M
$1.2M
Q3 25
$-975.1K
$1.0M
Q2 25
$-362.2K
$-2.0M
Q1 25
$-156.2K
$829.0K
Q4 24
$-398.4K
$1.6M
Q3 24
$-166.1K
$-587.0K
Q2 24
$-239.1K
$1.3M
Q1 24
$-1.0M
$3.7M
Gross Margin
LSF
LSF
MDV
MDV
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
MDV
MDV
Q4 25
-13.5%
45.8%
Q3 25
-7.7%
41.4%
Q2 25
-3.3%
9.8%
Q1 25
-1.9%
40.2%
Q4 24
-4.1%
45.4%
Q3 24
-2.3%
42.0%
Q2 24
-3.4%
44.6%
Q1 24
-11.0%
55.6%
Net Margin
LSF
LSF
MDV
MDV
Q4 25
-13.2%
11.0%
Q3 25
-7.6%
9.0%
Q2 25
-3.0%
-17.1%
Q1 25
-1.3%
7.0%
Q4 24
-3.4%
13.3%
Q3 24
-1.4%
-5.0%
Q2 24
-2.4%
11.6%
Q1 24
-10.3%
31.1%
EPS (diluted)
LSF
LSF
MDV
MDV
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$-0.32
Q1 25
$-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
LSF
LSF
MDV
MDV
Cash + ST InvestmentsLiquidity on hand
$5.1M
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$11.5M
$162.7M
Total Assets
$19.2M
$476.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
MDV
MDV
Q4 25
$5.1M
$14.4M
Q3 25
$5.1M
$8.3M
Q2 25
$3.9M
$5.8M
Q1 25
$7.0M
$6.2M
Q4 24
$8.3M
$11.5M
Q3 24
$7.9M
$6.8M
Q2 24
$7.6M
$18.9M
Q1 24
$7.1M
$18.4M
Total Debt
LSF
LSF
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
LSF
LSF
MDV
MDV
Q4 25
$11.5M
$162.7M
Q3 25
$12.8M
$164.8M
Q2 25
$13.4M
$165.6M
Q1 25
$13.3M
$171.1M
Q4 24
$13.2M
$190.1M
Q3 24
$13.1M
$186.3M
Q2 24
$12.6M
$187.0M
Q1 24
$12.7M
$188.0M
Total Assets
LSF
LSF
MDV
MDV
Q4 25
$19.2M
$476.5M
Q3 25
$18.9M
$499.6M
Q2 25
$20.4M
$498.9M
Q1 25
$21.5M
$506.8M
Q4 24
$19.3M
$507.8M
Q3 24
$18.8M
$507.4M
Q2 24
$18.0M
$519.5M
Q1 24
$17.6M
$522.5M
Debt / Equity
LSF
LSF
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
LSF
LSF
MDV
MDV
Operating Cash FlowLast quarter
$68.4K
$15.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
MDV
MDV
Q4 25
$68.4K
$15.0M
Q3 25
$1.2M
$4.1M
Q2 25
$-2.8M
$3.9M
Q1 25
$-1.3M
$3.0M
Q4 24
$339.2K
$18.2M
Q3 24
$305.8K
$5.1M
Q2 24
$642.7K
$4.7M
Q1 24
$-422.3K
$3.0M
Cash Conversion
LSF
LSF
MDV
MDV
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.

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

MDV
MDV

Segment breakdown not available.

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