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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $11.1M, roughly 1.4× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -176.6%, a 187.6% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -26.9%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
MDV vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $15.8M |
| Net Profit | $1.2M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | 45.8% | -164.1% |
| Net Margin | 11.0% | -176.6% |
| Revenue YoY | -5.6% | -26.9% |
| Net Profit YoY | -22.0% | 42.7% |
| EPS (diluted) | $0.02 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $11.7M | $12.7M | ||
| Q2 25 | $11.8M | $19.2M | ||
| Q1 25 | $11.8M | $23.9M | ||
| Q4 24 | $11.7M | $21.7M | ||
| Q3 24 | $11.7M | $28.6M | ||
| Q2 24 | $11.4M | $25.4M | ||
| Q1 24 | $12.0M | $34.8M |
| Q4 25 | $1.2M | $-28.0M | ||
| Q3 25 | $1.0M | $-19.7M | ||
| Q2 25 | $-2.0M | $119.6M | ||
| Q1 25 | $829.0K | $-20.7M | ||
| Q4 24 | $1.6M | $-48.8M | ||
| Q3 24 | $-587.0K | $-12.5M | ||
| Q2 24 | $1.3M | $-16.6M | ||
| Q1 24 | $3.7M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | 45.8% | -164.1% | ||
| Q3 25 | 41.4% | -166.1% | ||
| Q2 25 | 9.8% | -122.7% | ||
| Q1 25 | 40.2% | -106.5% | ||
| Q4 24 | 45.4% | -144.1% | ||
| Q3 24 | 42.0% | -48.0% | ||
| Q2 24 | 44.6% | -48.6% | ||
| Q1 24 | 55.6% | -34.4% |
| Q4 25 | 11.0% | -176.6% | ||
| Q3 25 | 9.0% | -155.3% | ||
| Q2 25 | -17.1% | 623.4% | ||
| Q1 25 | 7.0% | -86.5% | ||
| Q4 24 | 13.3% | -225.2% | ||
| Q3 24 | -5.0% | -43.7% | ||
| Q2 24 | 11.6% | -65.2% | ||
| Q1 24 | 31.1% | -73.3% |
| Q4 25 | $0.02 | $-0.85 | ||
| Q3 25 | $0.00 | $-0.61 | ||
| Q2 25 | $-0.32 | $3.72 | ||
| Q1 25 | $-0.01 | $-0.77 | ||
| Q4 24 | $0.07 | $-1.93 | ||
| Q3 24 | $-0.18 | $-0.50 | ||
| Q2 24 | $0.03 | $-0.68 | ||
| Q1 24 | $0.33 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | $261.5M | — |
| Stockholders' EquityBook value | $162.7M | $112.9M |
| Total Assets | $476.5M | $211.0M |
| Debt / EquityLower = less leverage | 1.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $81.8M | ||
| Q3 25 | $8.3M | $96.8M | ||
| Q2 25 | $5.8M | $117.6M | ||
| Q1 25 | $6.2M | $35.9M | ||
| Q4 24 | $11.5M | $19.2M | ||
| Q3 24 | $6.8M | $36.6M | ||
| Q2 24 | $18.9M | $45.8M | ||
| Q1 24 | $18.4M | $63.7M |
| Q4 25 | $261.5M | — | ||
| Q3 25 | $279.7M | — | ||
| Q2 25 | $279.7M | — | ||
| Q1 25 | $279.7M | $103.7M | ||
| Q4 24 | $279.8M | $103.1M | ||
| Q3 24 | $279.7M | $4.9M | ||
| Q2 24 | $279.7M | $4.9M | ||
| Q1 24 | $279.6M | $123.1M |
| Q4 25 | $162.7M | $112.9M | ||
| Q3 25 | $164.8M | $133.1M | ||
| Q2 25 | $165.6M | $149.2M | ||
| Q1 25 | $171.1M | $3.7M | ||
| Q4 24 | $190.1M | $-11.7M | ||
| Q3 24 | $186.3M | $30.8M | ||
| Q2 24 | $187.0M | $40.3M | ||
| Q1 24 | $188.0M | $52.5M |
| Q4 25 | $476.5M | $211.0M | ||
| Q3 25 | $499.6M | $224.3M | ||
| Q2 25 | $498.9M | $239.5M | ||
| Q1 25 | $506.8M | $208.8M | ||
| Q4 24 | $507.8M | $193.6M | ||
| Q3 24 | $507.4M | $224.2M | ||
| Q2 24 | $519.5M | $230.8M | ||
| Q1 24 | $522.5M | $252.3M |
| Q4 25 | 1.61× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.63× | 27.92× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.50× | 0.16× | ||
| Q2 24 | 1.50× | 0.12× | ||
| Q1 24 | 1.49× | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | $-4.3M | ||
| Q3 25 | $4.1M | $-12.0M | ||
| Q2 25 | $3.9M | $-35.1M | ||
| Q1 25 | $3.0M | $-8.4M | ||
| Q4 24 | $18.2M | $-19.2M | ||
| Q3 24 | $5.1M | $14.0M | ||
| Q2 24 | $4.7M | $-4.4M | ||
| Q1 24 | $3.0M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | 12.34× | — | ||
| Q3 25 | 3.95× | — | ||
| Q2 25 | — | -0.29× | ||
| 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.
