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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $11.1M, roughly 1.1× MODIV INDUSTRIAL, INC.). Village Farms International, Inc. runs the higher net margin — 19.9% vs 11.0%, a 8.9% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% 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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
MDV vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $12.2M |
| Net Profit | $1.2M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | 45.8% | — |
| Net Margin | 11.0% | 19.9% |
| Revenue YoY | -5.6% | 31.5% |
| Net Profit YoY | -22.0% | 128.2% |
| EPS (diluted) | $0.02 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $11.7M | $66.7M | ||
| Q2 25 | $11.8M | $59.9M | ||
| Q1 25 | $11.8M | $77.1M | ||
| Q4 24 | $11.7M | — | ||
| Q3 24 | $11.7M | $54.9M | ||
| Q2 24 | $11.4M | $53.6M | ||
| Q1 24 | $12.0M | $78.1M |
| Q4 25 | $1.2M | $2.4M | ||
| Q3 25 | $1.0M | $10.2M | ||
| Q2 25 | $-2.0M | $26.5M | ||
| Q1 25 | $829.0K | $-6.7M | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $-587.0K | $-820.0K | ||
| Q2 24 | $1.3M | $-23.5M | ||
| Q1 24 | $3.7M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 41.4% | 23.3% | ||
| Q2 25 | 9.8% | 20.8% | ||
| Q1 25 | 40.2% | -8.0% | ||
| Q4 24 | 45.4% | — | ||
| Q3 24 | 42.0% | 3.8% | ||
| Q2 24 | 44.6% | -43.5% | ||
| Q1 24 | 55.6% | -3.0% |
| Q4 25 | 11.0% | 19.9% | ||
| Q3 25 | 9.0% | 15.3% | ||
| Q2 25 | -17.1% | 44.2% | ||
| Q1 25 | 7.0% | -8.7% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | -5.0% | -1.5% | ||
| Q2 24 | 11.6% | -43.9% | ||
| Q1 24 | 31.1% | -3.7% |
| Q4 25 | $0.02 | $0.01 | ||
| Q3 25 | $0.00 | $0.08 | ||
| Q2 25 | $-0.32 | $0.24 | ||
| Q1 25 | $-0.01 | $-0.06 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $-0.18 | $-0.01 | ||
| Q2 24 | $0.03 | $-0.21 | ||
| Q1 24 | $0.33 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | $261.5M | $33.7M |
| Stockholders' EquityBook value | $162.7M | $299.9M |
| Total Assets | $476.5M | $423.1M |
| Debt / EquityLower = less leverage | 1.61× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $81.2M | ||
| Q3 25 | $8.3M | $82.6M | ||
| Q2 25 | $5.8M | $60.0M | ||
| Q1 25 | $6.2M | $15.1M | ||
| Q4 24 | $11.5M | — | ||
| Q3 24 | $6.8M | $28.7M | ||
| Q2 24 | $18.9M | $29.7M | ||
| Q1 24 | $18.4M | $26.7M |
| Q4 25 | $261.5M | $33.7M | ||
| Q3 25 | $279.7M | $34.6M | ||
| Q2 25 | $279.7M | $39.1M | ||
| Q1 25 | $279.7M | $39.2M | ||
| Q4 24 | $279.8M | — | ||
| Q3 24 | $279.7M | $43.3M | ||
| Q2 24 | $279.7M | $44.4M | ||
| Q1 24 | $279.6M | $46.1M |
| Q4 25 | $162.7M | $299.9M | ||
| Q3 25 | $164.8M | $295.4M | ||
| Q2 25 | $165.6M | $284.3M | ||
| Q1 25 | $171.1M | $248.3M | ||
| Q4 24 | $190.1M | — | ||
| Q3 24 | $186.3M | $274.4M | ||
| Q2 24 | $187.0M | $275.2M | ||
| Q1 24 | $188.0M | $296.2M |
| Q4 25 | $476.5M | $423.1M | ||
| Q3 25 | $499.6M | $418.4M | ||
| Q2 25 | $498.9M | $403.7M | ||
| Q1 25 | $506.8M | $377.1M | ||
| Q4 24 | $507.8M | — | ||
| Q3 24 | $507.4M | $417.8M | ||
| Q2 24 | $519.5M | $425.4M | ||
| Q1 24 | $522.5M | $458.4M |
| Q4 25 | 1.61× | 0.11× | ||
| Q3 25 | 1.70× | 0.12× | ||
| Q2 25 | 1.69× | 0.14× | ||
| Q1 25 | 1.63× | 0.16× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.50× | 0.16× | ||
| Q2 24 | 1.50× | 0.16× | ||
| Q1 24 | 1.49× | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 90.8% |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | — | ||
| Q3 25 | $4.1M | $24.4M | ||
| Q2 25 | $3.9M | — | ||
| Q1 25 | $3.0M | $-6.4M | ||
| Q4 24 | $18.2M | — | ||
| Q3 24 | $5.1M | $4.3M | ||
| Q2 24 | $4.7M | $5.7M | ||
| Q1 24 | $3.0M | $-50.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-8.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -11.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | — | 90.8% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | 12.34× | — | ||
| Q3 25 | 3.95× | 2.39× | ||
| 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.
Revenue Breakdown by Segment
MDV
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
