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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $9.0M, roughly 1.2× UTAH MEDICAL PRODUCTS INC). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs 11.0%, a 17.4% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -5.6%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -10.7%).

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.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

MDV vs UTMD — Head-to-Head

Bigger by revenue
MDV
MDV
1.2× larger
MDV
$11.1M
$9.0M
UTMD
Growing faster (revenue YoY)
UTMD
UTMD
+4.4% gap
UTMD
-1.2%
-5.6%
MDV
Higher net margin
UTMD
UTMD
17.4% more per $
UTMD
28.4%
11.0%
MDV
Faster 2-yr revenue CAGR
MDV
MDV
Annualised
MDV
-3.8%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDV
MDV
UTMD
UTMD
Revenue
$11.1M
$9.0M
Net Profit
$1.2M
$2.6M
Gross Margin
58.2%
Operating Margin
45.8%
27.0%
Net Margin
11.0%
28.4%
Revenue YoY
-5.6%
-1.2%
Net Profit YoY
-22.0%
-11.6%
EPS (diluted)
$0.02
$0.80

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
UTMD
UTMD
Q4 25
$11.1M
$9.0M
Q3 25
$11.7M
$9.8M
Q2 25
$11.8M
$10.0M
Q1 25
$11.8M
$9.7M
Q4 24
$11.7M
$9.2M
Q3 24
$11.7M
$10.0M
Q2 24
$11.4M
$10.4M
Q1 24
$12.0M
$11.3M
Net Profit
MDV
MDV
UTMD
UTMD
Q4 25
$1.2M
$2.6M
Q3 25
$1.0M
$2.6M
Q2 25
$-2.0M
$3.0M
Q1 25
$829.0K
$3.0M
Q4 24
$1.6M
$2.9M
Q3 24
$-587.0K
$3.6M
Q2 24
$1.3M
$3.5M
Q1 24
$3.7M
$4.0M
Gross Margin
MDV
MDV
UTMD
UTMD
Q4 25
58.2%
Q3 25
57.1%
Q2 25
56.2%
Q1 25
57.0%
Q4 24
58.1%
Q3 24
58.0%
Q2 24
60.1%
Q1 24
59.7%
Operating Margin
MDV
MDV
UTMD
UTMD
Q4 25
45.8%
27.0%
Q3 25
41.4%
26.6%
Q2 25
9.8%
32.1%
Q1 25
40.2%
32.5%
Q4 24
45.4%
32.0%
Q3 24
42.0%
33.4%
Q2 24
44.6%
33.1%
Q1 24
55.6%
34.2%
Net Margin
MDV
MDV
UTMD
UTMD
Q4 25
11.0%
28.4%
Q3 25
9.0%
26.8%
Q2 25
-17.1%
30.6%
Q1 25
7.0%
31.3%
Q4 24
13.3%
31.7%
Q3 24
-5.0%
35.6%
Q2 24
11.6%
33.2%
Q1 24
31.1%
34.9%
EPS (diluted)
MDV
MDV
UTMD
UTMD
Q4 25
$0.02
$0.80
Q3 25
$0.00
$0.82
Q2 25
$-0.32
$0.94
Q1 25
$-0.01
$0.92
Q4 24
$0.07
$0.86
Q3 24
$-0.18
$1.03
Q2 24
$0.03
$0.98
Q1 24
$0.33
$1.09

Balance Sheet & Financial Strength

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

Metric
MDV
MDV
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$14.4M
$85.8M
Total DebtLower is stronger
$261.5M
$225.0K
Stockholders' EquityBook value
$162.7M
$119.3M
Total Assets
$476.5M
$122.5M
Debt / EquityLower = less leverage
1.61×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
UTMD
UTMD
Q4 25
$14.4M
$85.8M
Q3 25
$8.3M
$84.3M
Q2 25
$5.8M
$82.2M
Q1 25
$6.2M
$83.3M
Q4 24
$11.5M
$83.0M
Q3 24
$6.8M
$88.5M
Q2 24
$18.9M
$89.2M
Q1 24
$18.4M
$93.8M
Total Debt
MDV
MDV
UTMD
UTMD
Q4 25
$261.5M
$225.0K
Q3 25
$279.7M
Q2 25
$279.7M
Q1 25
$279.7M
$269.0K
Q4 24
$279.8M
$282.0K
Q3 24
$279.7M
Q2 24
$279.7M
Q1 24
$279.6M
Stockholders' Equity
MDV
MDV
UTMD
UTMD
Q4 25
$162.7M
$119.3M
Q3 25
$164.8M
$118.3M
Q2 25
$165.6M
$117.5M
Q1 25
$171.1M
$117.0M
Q4 24
$190.1M
$117.4M
Q3 24
$186.3M
$124.2M
Q2 24
$187.0M
$124.1M
Q1 24
$188.0M
$127.7M
Total Assets
MDV
MDV
UTMD
UTMD
Q4 25
$476.5M
$122.5M
Q3 25
$499.6M
$122.0M
Q2 25
$498.9M
$120.8M
Q1 25
$506.8M
$122.5M
Q4 24
$507.8M
$122.5M
Q3 24
$507.4M
$129.7M
Q2 24
$519.5M
$130.0M
Q1 24
$522.5M
$135.4M
Debt / Equity
MDV
MDV
UTMD
UTMD
Q4 25
1.61×
0.00×
Q3 25
1.70×
Q2 25
1.69×
Q1 25
1.63×
0.00×
Q4 24
1.47×
0.00×
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
UTMD
UTMD
Operating Cash FlowLast quarter
$15.0M
$3.5M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
12.34×
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDV
MDV
UTMD
UTMD
Q4 25
$15.0M
$3.5M
Q3 25
$4.1M
$3.9M
Q2 25
$3.9M
$2.9M
Q1 25
$3.0M
$4.5M
Q4 24
$18.2M
$2.9M
Q3 24
$5.1M
$3.9M
Q2 24
$4.7M
$2.8M
Q1 24
$3.0M
$5.3M
Free Cash Flow
MDV
MDV
UTMD
UTMD
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$5.3M
FCF Margin
MDV
MDV
UTMD
UTMD
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
46.3%
Capex Intensity
MDV
MDV
UTMD
UTMD
Q4 25
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
0.2%
Cash Conversion
MDV
MDV
UTMD
UTMD
Q4 25
12.34×
1.36×
Q3 25
3.95×
1.47×
Q2 25
0.94×
Q1 25
3.68×
1.47×
Q4 24
11.72×
1.01×
Q3 24
1.08×
Q2 24
3.55×
0.80×
Q1 24
0.80×
1.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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