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

MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $8.6M, roughly 1.3× Sunshine Biopharma Inc.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -25.0%, a 35.9% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -10.6%). Over the past eight quarters, Sunshine Biopharma Inc.'s revenue compounded faster (6.6% 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.

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

MDV vs SBFM — Head-to-Head

Bigger by revenue
MDV
MDV
1.3× larger
MDV
$11.1M
$8.6M
SBFM
Growing faster (revenue YoY)
MDV
MDV
+5.0% gap
MDV
-5.6%
-10.6%
SBFM
Higher net margin
MDV
MDV
35.9% more per $
MDV
11.0%
-25.0%
SBFM
Faster 2-yr revenue CAGR
SBFM
SBFM
Annualised
SBFM
6.6%
-3.8%
MDV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDV
MDV
SBFM
SBFM
Revenue
$11.1M
$8.6M
Net Profit
$1.2M
$-2.1M
Gross Margin
35.3%
Operating Margin
45.8%
-20.9%
Net Margin
11.0%
-25.0%
Revenue YoY
-5.6%
-10.6%
Net Profit YoY
-22.0%
0.8%
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
MDV
MDV
SBFM
SBFM
Q4 25
$11.1M
$8.6M
Q3 25
$11.7M
$9.4M
Q2 25
$11.8M
$9.4M
Q1 25
$11.8M
$8.9M
Q4 24
$11.7M
$9.6M
Q3 24
$11.7M
$8.4M
Q2 24
$11.4M
$9.3M
Q1 24
$12.0M
$7.5M
Net Profit
MDV
MDV
SBFM
SBFM
Q4 25
$1.2M
$-2.1M
Q3 25
$1.0M
$-883.8K
Q2 25
$-2.0M
$-1.8M
Q1 25
$829.0K
$-1.2M
Q4 24
$1.6M
$-2.2M
Q3 24
$-587.0K
$-1.2M
Q2 24
$1.3M
$-494.3K
Q1 24
$3.7M
$-1.3M
Gross Margin
MDV
MDV
SBFM
SBFM
Q4 25
35.3%
Q3 25
32.6%
Q2 25
36.4%
Q1 25
30.7%
Q4 24
32.2%
Q3 24
34.0%
Q2 24
25.3%
Q1 24
31.2%
Operating Margin
MDV
MDV
SBFM
SBFM
Q4 25
45.8%
-20.9%
Q3 25
41.4%
-11.5%
Q2 25
9.8%
-21.8%
Q1 25
40.2%
-14.6%
Q4 24
45.4%
-21.7%
Q3 24
42.0%
-13.1%
Q2 24
44.6%
-13.6%
Q1 24
55.6%
-17.9%
Net Margin
MDV
MDV
SBFM
SBFM
Q4 25
11.0%
-25.0%
Q3 25
9.0%
-9.4%
Q2 25
-17.1%
-18.8%
Q1 25
7.0%
-13.3%
Q4 24
13.3%
-22.5%
Q3 24
-5.0%
-14.2%
Q2 24
11.6%
-5.3%
Q1 24
31.1%
-17.0%
EPS (diluted)
MDV
MDV
SBFM
SBFM
Q4 25
$0.02
Q3 25
$0.00
$-0.54
Q2 25
$-0.32
$-0.82
Q1 25
$-0.01
$-0.44
Q4 24
$0.07
$49.77
Q3 24
$-0.18
$-11.61
Q2 24
$0.03
$-43.48
Q1 24
$0.33
$-2.00

Balance Sheet & Financial Strength

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

Metric
MDV
MDV
SBFM
SBFM
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$162.7M
$23.0M
Total Assets
$476.5M
$30.1M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
SBFM
SBFM
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$5.8M
Q1 25
$6.2M
Q4 24
$11.5M
Q3 24
$6.8M
Q2 24
$18.9M
Q1 24
$18.4M
Total Debt
MDV
MDV
SBFM
SBFM
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
SBFM
SBFM
Q4 25
$162.7M
$23.0M
Q3 25
$164.8M
$24.2M
Q2 25
$165.6M
$25.7M
Q1 25
$171.1M
$22.7M
Q4 24
$190.1M
$23.5M
Q3 24
$186.3M
$25.0M
Q2 24
$187.0M
$23.5M
Q1 24
$188.0M
$24.8M
Total Assets
MDV
MDV
SBFM
SBFM
Q4 25
$476.5M
$30.1M
Q3 25
$499.6M
$31.5M
Q2 25
$498.9M
$32.0M
Q1 25
$506.8M
$29.2M
Q4 24
$507.8M
$30.6M
Q3 24
$507.4M
$30.1M
Q2 24
$519.5M
$29.3M
Q1 24
$522.5M
$31.9M
Debt / Equity
MDV
MDV
SBFM
SBFM
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
SBFM
SBFM
Operating Cash FlowLast quarter
$15.0M
$-1.6M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-18.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDV
MDV
SBFM
SBFM
Q4 25
$15.0M
$-1.6M
Q3 25
$4.1M
$-727.8K
Q2 25
$3.9M
$-1.3M
Q1 25
$3.0M
$-1.7M
Q4 24
$18.2M
$-3.4M
Q3 24
$5.1M
$-1.4M
Q2 24
$4.7M
$-4.6M
Q1 24
$3.0M
$-3.2M
Free Cash Flow
MDV
MDV
SBFM
SBFM
Q4 25
$-1.6M
Q3 25
$-735.8K
Q2 25
$-1.4M
Q1 25
$-1.7M
Q4 24
$-3.5M
Q3 24
$-1.9M
Q2 24
$-5.6M
Q1 24
$-3.2M
FCF Margin
MDV
MDV
SBFM
SBFM
Q4 25
-18.9%
Q3 25
-7.8%
Q2 25
-15.2%
Q1 25
-19.3%
Q4 24
-36.6%
Q3 24
-22.2%
Q2 24
-59.7%
Q1 24
-43.1%
Capex Intensity
MDV
MDV
SBFM
SBFM
Q4 25
0.0%
Q3 25
0.1%
Q2 25
1.7%
Q1 25
0.1%
Q4 24
1.1%
Q3 24
6.1%
Q2 24
10.5%
Q1 24
0.8%
Cash Conversion
MDV
MDV
SBFM
SBFM
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.

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