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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Relay Therapeutics, Inc. (RLAY). Click either name above to swap in a different company.
MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $7.0M, roughly 1.6× Relay Therapeutics, Inc.).
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.
Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.
MDV vs RLAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $7.0M |
| Net Profit | $1.2M | — |
| Gross Margin | — | — |
| Operating Margin | 45.8% | — |
| Net Margin | 11.0% | — |
| Revenue YoY | -5.6% | — |
| Net Profit YoY | -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.
| Q4 25 | $11.1M | $7.0M | ||
| Q3 25 | $11.7M | $0 | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $11.8M | $7.7M | ||
| Q4 24 | $11.7M | $0 | ||
| Q3 24 | $11.7M | $0 | ||
| Q2 24 | $11.4M | $0 | ||
| Q1 24 | $12.0M | $10.0M |
| Q4 25 | $1.2M | — | ||
| Q3 25 | $1.0M | $-74.1M | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $829.0K | $-77.1M | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $-587.0K | $-88.1M | ||
| Q2 24 | $1.3M | $-92.2M | ||
| Q1 24 | $3.7M | $-81.4M |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 41.4% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 40.2% | -1105.2% | ||
| Q4 24 | 45.4% | — | ||
| Q3 24 | 42.0% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 55.6% | -903.0% |
| Q4 25 | 11.0% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | -17.1% | — | ||
| Q1 25 | 7.0% | -1003.6% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | -5.0% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 31.1% | -813.3% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.00 | $-0.43 | ||
| Q2 25 | $-0.32 | — | ||
| Q1 25 | $-0.01 | $-0.46 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $-0.18 | $-0.63 | ||
| Q2 24 | $0.03 | $-0.69 | ||
| Q1 24 | $0.33 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.4M | $84.0M |
| Total DebtLower is stronger | $261.5M | — |
| Stockholders' EquityBook value | $162.7M | $567.1M |
| Total Assets | $476.5M | $621.3M |
| Debt / EquityLower = less leverage | 1.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $84.0M | ||
| Q3 25 | $8.3M | $91.6M | ||
| Q2 25 | $5.8M | — | ||
| Q1 25 | $6.2M | $93.5M | ||
| Q4 24 | $11.5M | $124.3M | ||
| Q3 24 | $6.8M | $152.4M | ||
| Q2 24 | $18.9M | $134.1M | ||
| Q1 24 | $18.4M | $152.9M |
| 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 | — |
| Q4 25 | $162.7M | $567.1M | ||
| Q3 25 | $164.8M | $607.7M | ||
| Q2 25 | $165.6M | — | ||
| Q1 25 | $171.1M | $721.1M | ||
| Q4 24 | $190.1M | $777.8M | ||
| Q3 24 | $186.3M | $838.9M | ||
| Q2 24 | $187.0M | $681.7M | ||
| Q1 24 | $188.0M | $745.8M |
| Q4 25 | $476.5M | $621.3M | ||
| Q3 25 | $499.6M | $670.0M | ||
| Q2 25 | $498.9M | — | ||
| Q1 25 | $506.8M | $799.4M | ||
| Q4 24 | $507.8M | $871.3M | ||
| Q3 24 | $507.4M | $930.1M | ||
| Q2 24 | $519.5M | $772.5M | ||
| Q1 24 | $522.5M | $841.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $15.0M | $-235.5M |
| Free Cash FlowOCF − Capex | — | $-235.9M |
| FCF MarginFCF / Revenue | — | -3370.0% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-622.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | $-235.5M | ||
| Q3 25 | $4.1M | $-62.1M | ||
| Q2 25 | $3.9M | — | ||
| Q1 25 | $3.0M | $-73.2M | ||
| Q4 24 | $18.2M | $-249.1M | ||
| Q3 24 | $5.1M | $-75.1M | ||
| Q2 24 | $4.7M | $-65.8M | ||
| Q1 24 | $3.0M | $-50.3M |
| Q4 25 | — | $-235.9M | ||
| Q3 25 | — | $-62.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-73.6M | ||
| Q4 24 | — | $-251.1M | ||
| Q3 24 | — | $-75.3M | ||
| Q2 24 | — | $-65.8M | ||
| Q1 24 | — | $-52.1M |
| Q4 25 | — | -3370.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -958.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -520.7% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 17.8% |
| 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.
