vs
Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.
SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $11.1M, roughly 1.1× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs 1.3%, a 9.6% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -5.6%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% 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.
MDV vs SLSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $12.5M |
| Net Profit | $1.2M | $163.0K |
| Gross Margin | — | 27.5% |
| Operating Margin | 45.8% | 1.5% |
| Net Margin | 11.0% | 1.3% |
| Revenue YoY | -5.6% | -0.7% |
| Net Profit YoY | -22.0% | 129.2% |
| EPS (diluted) | $0.02 | $0.00 |
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 | $12.5M | ||
| Q3 25 | $11.7M | $14.6M | ||
| Q2 25 | $11.8M | $20.4M | ||
| Q1 25 | $11.8M | $14.6M | ||
| Q4 24 | $11.7M | $12.6M | ||
| Q3 24 | $11.7M | $16.9M | ||
| Q2 24 | $11.4M | $13.0M | ||
| Q1 24 | $12.0M | $9.9M |
| Q4 25 | $1.2M | $163.0K | ||
| Q3 25 | $1.0M | $-1.1M | ||
| Q2 25 | $-2.0M | $2.7M | ||
| Q1 25 | $829.0K | $80.0K | ||
| Q4 24 | $1.6M | $-559.0K | ||
| Q3 24 | $-587.0K | $3.0M | ||
| Q2 24 | $1.3M | $856.0K | ||
| Q1 24 | $3.7M | $893.0K |
| Q4 25 | — | 27.5% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 36.2% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | 45.8% | 1.5% | ||
| Q3 25 | 41.4% | -5.4% | ||
| Q2 25 | 9.8% | 9.4% | ||
| Q1 25 | 40.2% | 1.8% | ||
| Q4 24 | 45.4% | -1.8% | ||
| Q3 24 | 42.0% | 19.0% | ||
| Q2 24 | 44.6% | 8.0% | ||
| Q1 24 | 55.6% | 11.3% |
| Q4 25 | 11.0% | 1.3% | ||
| Q3 25 | 9.0% | -7.7% | ||
| Q2 25 | -17.1% | 13.1% | ||
| Q1 25 | 7.0% | 0.5% | ||
| Q4 24 | 13.3% | -4.4% | ||
| Q3 24 | -5.0% | 18.1% | ||
| Q2 24 | 11.6% | 6.6% | ||
| Q1 24 | 31.1% | 9.0% |
| Q4 25 | $0.02 | $0.00 | ||
| Q3 25 | $0.00 | $-0.02 | ||
| Q2 25 | $-0.32 | $0.04 | ||
| Q1 25 | $-0.01 | $0.00 | ||
| Q4 24 | $0.07 | $0.00 | ||
| Q3 24 | $-0.18 | $0.04 | ||
| Q2 24 | $0.03 | $0.01 | ||
| Q1 24 | $0.33 | $0.02 |
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 | $1.3M |
| Total DebtLower is stronger | $261.5M | — |
| Stockholders' EquityBook value | $162.7M | $17.6M |
| Total Assets | $476.5M | $50.1M |
| Debt / EquityLower = less leverage | 1.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $1.3M | ||
| Q3 25 | $8.3M | $429.0K | ||
| Q2 25 | $5.8M | $4.1M | ||
| Q1 25 | $6.2M | $1.8M | ||
| Q4 24 | $11.5M | $1.4M | ||
| Q3 24 | $6.8M | $2.9M | ||
| Q2 24 | $18.9M | $2.4M | ||
| Q1 24 | $18.4M | $2.0M |
| 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 | $17.6M | ||
| Q3 25 | $164.8M | $17.2M | ||
| Q2 25 | $165.6M | $18.2M | ||
| Q1 25 | $171.1M | $15.2M | ||
| Q4 24 | $190.1M | $14.9M | ||
| Q3 24 | $186.3M | $15.2M | ||
| Q2 24 | $187.0M | $11.9M | ||
| Q1 24 | $188.0M | $5.0M |
| Q4 25 | $476.5M | $50.1M | ||
| Q3 25 | $499.6M | $54.0M | ||
| Q2 25 | $498.9M | $60.0M | ||
| Q1 25 | $506.8M | $57.0M | ||
| Q4 24 | $507.8M | $50.0M | ||
| Q3 24 | $507.4M | $48.0M | ||
| Q2 24 | $519.5M | $40.8M | ||
| Q1 24 | $522.5M | $38.5M |
| 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 | $1.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.34× | 11.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | $1.8M | ||
| Q3 25 | $4.1M | $-2.5M | ||
| Q2 25 | $3.9M | $-654.0K | ||
| Q1 25 | $3.0M | $-7.2M | ||
| Q4 24 | $18.2M | $2.2M | ||
| Q3 24 | $5.1M | $4.2M | ||
| Q2 24 | $4.7M | $-565.0K | ||
| Q1 24 | $3.0M | $-3.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-404.0K | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | -8.0% | ||
| Q1 24 | — | -39.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 12.34× | 11.16× | ||
| Q3 25 | 3.95× | — | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | 3.68× | -90.26× | ||
| Q4 24 | 11.72× | — | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | 3.55× | -0.66× | ||
| Q1 24 | 0.80× | -4.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
