vs

Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $11.1M, roughly 1.6× MODIV INDUSTRIAL, INC.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 11.0%, a 56.3% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -5.6%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

MDV vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.6× larger
SLGL
$17.3M
$11.1M
MDV
Growing faster (revenue YoY)
SLGL
SLGL
+223.3% gap
SLGL
217.7%
-5.6%
MDV
Higher net margin
SLGL
SLGL
56.3% more per $
SLGL
67.3%
11.0%
MDV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MDV
MDV
SLGL
SLGL
Revenue
$11.1M
$17.3M
Net Profit
$1.2M
$11.6M
Gross Margin
Operating Margin
45.8%
65.1%
Net Margin
11.0%
67.3%
Revenue YoY
-5.6%
217.7%
Net Profit YoY
-22.0%
487.6%
EPS (diluted)
$0.02
$4.17

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
SLGL
SLGL
Q4 25
$11.1M
Q3 25
$11.7M
Q2 25
$11.8M
$17.3M
Q1 25
$11.8M
Q4 24
$11.7M
Q3 24
$11.7M
Q2 24
$11.4M
$5.4M
Q1 24
$12.0M
Net Profit
MDV
MDV
SLGL
SLGL
Q4 25
$1.2M
Q3 25
$1.0M
Q2 25
$-2.0M
$11.6M
Q1 25
$829.0K
Q4 24
$1.6M
Q3 24
$-587.0K
Q2 24
$1.3M
$2.0M
Q1 24
$3.7M
Operating Margin
MDV
MDV
SLGL
SLGL
Q4 25
45.8%
Q3 25
41.4%
Q2 25
9.8%
65.1%
Q1 25
40.2%
Q4 24
45.4%
Q3 24
42.0%
Q2 24
44.6%
29.9%
Q1 24
55.6%
Net Margin
MDV
MDV
SLGL
SLGL
Q4 25
11.0%
Q3 25
9.0%
Q2 25
-17.1%
67.3%
Q1 25
7.0%
Q4 24
13.3%
Q3 24
-5.0%
Q2 24
11.6%
36.4%
Q1 24
31.1%
EPS (diluted)
MDV
MDV
SLGL
SLGL
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$-0.32
$4.17
Q1 25
$-0.01
Q4 24
$0.07
Q3 24
$-0.18
Q2 24
$0.03
$0.71
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
MDV
MDV
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$14.4M
$24.3M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$162.7M
$31.9M
Total Assets
$476.5M
$39.3M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
SLGL
SLGL
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$5.8M
$24.3M
Q1 25
$6.2M
Q4 24
$11.5M
Q3 24
$6.8M
Q2 24
$18.9M
$26.5M
Q1 24
$18.4M
Total Debt
MDV
MDV
SLGL
SLGL
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
SLGL
SLGL
Q4 25
$162.7M
Q3 25
$164.8M
Q2 25
$165.6M
$31.9M
Q1 25
$171.1M
Q4 24
$190.1M
Q3 24
$186.3M
Q2 24
$187.0M
$34.9M
Q1 24
$188.0M
Total Assets
MDV
MDV
SLGL
SLGL
Q4 25
$476.5M
Q3 25
$499.6M
Q2 25
$498.9M
$39.3M
Q1 25
$506.8M
Q4 24
$507.8M
Q3 24
$507.4M
Q2 24
$519.5M
$42.0M
Q1 24
$522.5M
Debt / Equity
MDV
MDV
SLGL
SLGL
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
SLGL
SLGL
Operating Cash FlowLast quarter
$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
MDV
MDV
SLGL
SLGL
Q4 25
$15.0M
Q3 25
$4.1M
Q2 25
$3.9M
Q1 25
$3.0M
Q4 24
$18.2M
Q3 24
$5.1M
Q2 24
$4.7M
Q1 24
$3.0M
Cash Conversion
MDV
MDV
SLGL
SLGL
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.

Related Comparisons