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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $11.1M, roughly 1.7× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -82.3%, a 93.3% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -28.0%).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

MDV vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.7× larger
USAS
$19.1M
$11.1M
MDV
Growing faster (revenue YoY)
MDV
MDV
+22.5% gap
MDV
-5.6%
-28.0%
USAS
Higher net margin
MDV
MDV
93.3% more per $
MDV
11.0%
-82.3%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MDV
MDV
USAS
USAS
Revenue
$11.1M
$19.1M
Net Profit
$1.2M
$-15.7M
Gross Margin
34.2%
Operating Margin
45.8%
Net Margin
11.0%
-82.3%
Revenue YoY
-5.6%
-28.0%
Net Profit YoY
-22.0%
2.8%
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
USAS
USAS
Q4 25
$11.1M
Q3 25
$11.7M
$19.1M
Q2 25
$11.8M
Q1 25
$11.8M
Q4 24
$11.7M
Q3 24
$11.7M
$26.5M
Q2 24
$11.4M
Q1 24
$12.0M
Net Profit
MDV
MDV
USAS
USAS
Q4 25
$1.2M
Q3 25
$1.0M
$-15.7M
Q2 25
$-2.0M
Q1 25
$829.0K
Q4 24
$1.6M
Q3 24
$-587.0K
$-16.2M
Q2 24
$1.3M
Q1 24
$3.7M
Gross Margin
MDV
MDV
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
MDV
MDV
USAS
USAS
Q4 25
45.8%
Q3 25
41.4%
Q2 25
9.8%
Q1 25
40.2%
Q4 24
45.4%
Q3 24
42.0%
Q2 24
44.6%
Q1 24
55.6%
Net Margin
MDV
MDV
USAS
USAS
Q4 25
11.0%
Q3 25
9.0%
-82.3%
Q2 25
-17.1%
Q1 25
7.0%
Q4 24
13.3%
Q3 24
-5.0%
-60.9%
Q2 24
11.6%
Q1 24
31.1%
EPS (diluted)
MDV
MDV
USAS
USAS
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$-0.32
Q1 25
$-0.01
Q4 24
$0.07
Q3 24
$-0.18
Q2 24
$0.03
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
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$14.4M
$39.1M
Total DebtLower is stronger
$261.5M
Stockholders' EquityBook value
$162.7M
$50.2M
Total Assets
$476.5M
$234.7M
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
USAS
USAS
Q4 25
$14.4M
Q3 25
$8.3M
$39.1M
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
USAS
USAS
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
USAS
USAS
Q4 25
$162.7M
Q3 25
$164.8M
$50.2M
Q2 25
$165.6M
Q1 25
$171.1M
Q4 24
$190.1M
Q3 24
$186.3M
$53.1M
Q2 24
$187.0M
Q1 24
$188.0M
Total Assets
MDV
MDV
USAS
USAS
Q4 25
$476.5M
Q3 25
$499.6M
$234.7M
Q2 25
$498.9M
Q1 25
$506.8M
Q4 24
$507.8M
Q3 24
$507.4M
Q2 24
$519.5M
Q1 24
$522.5M
Debt / Equity
MDV
MDV
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$15.0M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
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
USAS
USAS
Q4 25
$15.0M
Q3 25
$4.1M
$-12.5M
Q2 25
$3.9M
Q1 25
$3.0M
Q4 24
$18.2M
Q3 24
$5.1M
$2.4M
Q2 24
$4.7M
Q1 24
$3.0M
Free Cash Flow
MDV
MDV
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.2M
Q2 24
Q1 24
FCF Margin
MDV
MDV
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
Q3 24
-42.2%
Q2 24
Q1 24
Capex Intensity
MDV
MDV
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
Q3 24
51.2%
Q2 24
Q1 24
Cash Conversion
MDV
MDV
USAS
USAS
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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