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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and PIONEER POWER SOLUTIONS, INC. (PPSI). Click either name above to swap in a different company.

MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $5.6M, roughly 2.0× PIONEER POWER SOLUTIONS, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -24.7%, a 35.7% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -42.3%). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -3.8%).

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.

Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.

MDV vs PPSI — Head-to-Head

Bigger by revenue
MDV
MDV
2.0× larger
MDV
$11.1M
$5.6M
PPSI
Growing faster (revenue YoY)
MDV
MDV
+36.7% gap
MDV
-5.6%
-42.3%
PPSI
Higher net margin
MDV
MDV
35.7% more per $
MDV
11.0%
-24.7%
PPSI
Faster 2-yr revenue CAGR
PPSI
PPSI
Annualised
PPSI
30.3%
-3.8%
MDV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDV
MDV
PPSI
PPSI
Revenue
$11.1M
$5.6M
Net Profit
$1.2M
$-1.4M
Gross Margin
23.5%
Operating Margin
45.8%
-19.4%
Net Margin
11.0%
-24.7%
Revenue YoY
-5.6%
-42.3%
Net Profit YoY
-22.0%
-103.8%
EPS (diluted)
$0.02
$-0.12

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
MDV
MDV
PPSI
PPSI
Q4 25
$11.1M
$5.6M
Q3 25
$11.7M
$6.9M
Q2 25
$11.8M
$8.4M
Q1 25
$11.8M
$6.7M
Q4 24
$11.7M
$9.8M
Q3 24
$11.7M
$6.4M
Q2 24
$11.4M
$3.4M
Q1 24
$12.0M
$3.3M
Net Profit
MDV
MDV
PPSI
PPSI
Q4 25
$1.2M
$-1.4M
Q3 25
$1.0M
$-2.4M
Q2 25
$-2.0M
$-1.3M
Q1 25
$829.0K
$-929.0K
Q4 24
$1.6M
$36.3M
Q3 24
$-587.0K
$-1.1M
Q2 24
$1.3M
$-2.3M
Q1 24
$3.7M
$-1.0M
Gross Margin
MDV
MDV
PPSI
PPSI
Q4 25
23.5%
Q3 25
9.3%
Q2 25
15.7%
Q1 25
2.2%
Q4 24
28.9%
Q3 24
23.7%
Q2 24
18.9%
Q1 24
16.1%
Operating Margin
MDV
MDV
PPSI
PPSI
Q4 25
45.8%
-19.4%
Q3 25
41.4%
-21.0%
Q2 25
9.8%
-20.4%
Q1 25
40.2%
-34.8%
Q4 24
45.4%
-11.0%
Q3 24
42.0%
-11.1%
Q2 24
44.6%
-51.1%
Q1 24
55.6%
-52.1%
Net Margin
MDV
MDV
PPSI
PPSI
Q4 25
11.0%
-24.7%
Q3 25
9.0%
-34.1%
Q2 25
-17.1%
-15.9%
Q1 25
7.0%
-13.8%
Q4 24
13.3%
372.1%
Q3 24
-5.0%
-17.5%
Q2 24
11.6%
-67.2%
Q1 24
31.1%
-31.2%
EPS (diluted)
MDV
MDV
PPSI
PPSI
Q4 25
$0.02
$-0.12
Q3 25
$0.00
$-0.21
Q2 25
$-0.32
$-0.12
Q1 25
$-0.01
$-0.09
Q4 24
$0.07
$3.31
Q3 24
$-0.18
$-0.10
Q2 24
$0.03
$-0.21
Q1 24
$0.33
$-0.10

Balance Sheet & Financial Strength

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

Metric
MDV
MDV
PPSI
PPSI
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$162.7M
$29.3M
Total Assets
$476.5M
$35.5M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
PPSI
PPSI
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$5.8M
$18.0M
Q1 25
$6.2M
$25.8M
Q4 24
$11.5M
$41.6M
Q3 24
$6.8M
$3.1M
Q2 24
$18.9M
$6.5M
Q1 24
$18.4M
$6.2M
Total Debt
MDV
MDV
PPSI
PPSI
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
MDV
MDV
PPSI
PPSI
Q4 25
$162.7M
$29.3M
Q3 25
$164.8M
$30.7M
Q2 25
$165.6M
$33.0M
Q1 25
$171.1M
$34.5M
Q4 24
$190.1M
$35.4M
Q3 24
$186.3M
$14.7M
Q2 24
$187.0M
$15.8M
Q1 24
$188.0M
$18.1M
Total Assets
MDV
MDV
PPSI
PPSI
Q4 25
$476.5M
$35.5M
Q3 25
$499.6M
$37.6M
Q2 25
$498.9M
$39.1M
Q1 25
$506.8M
$47.5M
Q4 24
$507.8M
$66.0M
Q3 24
$507.4M
$40.1M
Q2 24
$519.5M
$38.0M
Q1 24
$522.5M
$39.3M
Debt / Equity
MDV
MDV
PPSI
PPSI
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
MDV
MDV
PPSI
PPSI
Operating Cash FlowLast quarter
$15.0M
$-1.0M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-38.8%
Capex IntensityCapex / Revenue
20.3%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDV
MDV
PPSI
PPSI
Q4 25
$15.0M
$-1.0M
Q3 25
$4.1M
$-817.0K
Q2 25
$3.9M
$-5.5M
Q1 25
$3.0M
$1.5M
Q4 24
$18.2M
$-2.1M
Q3 24
$5.1M
$-2.7M
Q2 24
$4.7M
$571.0K
Q1 24
$3.0M
$-1.9M
Free Cash Flow
MDV
MDV
PPSI
PPSI
Q4 25
$-2.2M
Q3 25
$-1.6M
Q2 25
$-5.6M
Q1 25
$907.0K
Q4 24
$-4.6M
Q3 24
$-3.4M
Q2 24
$170.0K
Q1 24
$-2.2M
FCF Margin
MDV
MDV
PPSI
PPSI
Q4 25
-38.8%
Q3 25
-23.4%
Q2 25
-67.0%
Q1 25
13.5%
Q4 24
-46.9%
Q3 24
-53.0%
Q2 24
5.0%
Q1 24
-65.2%
Capex Intensity
MDV
MDV
PPSI
PPSI
Q4 25
20.3%
Q3 25
11.5%
Q2 25
1.7%
Q1 25
8.8%
Q4 24
25.4%
Q3 24
10.3%
Q2 24
11.8%
Q1 24
6.4%
Cash Conversion
MDV
MDV
PPSI
PPSI
Q4 25
12.34×
Q3 25
3.95×
Q2 25
Q1 25
3.68×
Q4 24
11.72×
-0.06×
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

MDV
MDV

Segment breakdown not available.

PPSI
PPSI

Total Revenue$4.0M70%
Other$1.7M30%

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