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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $11.1M, roughly 1.7× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -10.8%, a 21.8% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -5.6%). Over the past eight quarters, MODIV INDUSTRIAL, INC.'s revenue compounded faster (-3.8% CAGR vs -4.0%).
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.
MDV vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $18.6M |
| Net Profit | $1.2M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | 45.8% | -11.8% |
| Net Margin | 11.0% | -10.8% |
| Revenue YoY | -5.6% | -0.4% |
| Net Profit YoY | -22.0% | -360.9% |
| 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.
| Q4 25 | $11.1M | $18.6M | ||
| Q3 25 | $11.7M | $23.9M | ||
| Q2 25 | $11.8M | $18.1M | ||
| Q1 25 | $11.8M | $8.8M | ||
| Q4 24 | $11.7M | $18.6M | ||
| Q3 24 | $11.7M | $19.7M | ||
| Q2 24 | $11.4M | $14.8M | ||
| Q1 24 | $12.0M | $20.1M |
| Q4 25 | $1.2M | $-2.0M | ||
| Q3 25 | $1.0M | $-3.2M | ||
| Q2 25 | $-2.0M | $-2.4M | ||
| Q1 25 | $829.0K | $-6.4M | ||
| Q4 24 | $1.6M | $-435.3K | ||
| Q3 24 | $-587.0K | $-424.3K | ||
| Q2 24 | $1.3M | $-277.8K | ||
| Q1 24 | $3.7M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | 45.8% | -11.8% | ||
| Q3 25 | 41.4% | -8.3% | ||
| Q2 25 | 9.8% | -15.8% | ||
| Q1 25 | 40.2% | -153.8% | ||
| Q4 24 | 45.4% | -6.0% | ||
| Q3 24 | 42.0% | -15.2% | ||
| Q2 24 | 44.6% | -18.0% | ||
| Q1 24 | 55.6% | -20.1% |
| Q4 25 | 11.0% | -10.8% | ||
| Q3 25 | 9.0% | -13.5% | ||
| Q2 25 | -17.1% | -13.3% | ||
| Q1 25 | 7.0% | -72.4% | ||
| Q4 24 | 13.3% | -2.3% | ||
| Q3 24 | -5.0% | -2.2% | ||
| Q2 24 | 11.6% | -1.9% | ||
| Q1 24 | 31.1% | -7.6% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.32 | — | ||
| Q1 25 | $-0.01 | $-0.48 | ||
| Q4 24 | $0.07 | $1.11 | ||
| Q3 24 | $-0.18 | $-0.08 | ||
| Q2 24 | $0.03 | $0.03 | ||
| Q1 24 | $0.33 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | $261.5M | $79.1K |
| Stockholders' EquityBook value | $162.7M | $5.3M |
| Total Assets | $476.5M | $56.9M |
| Debt / EquityLower = less leverage | 1.61× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $6.1M | ||
| Q3 25 | $8.3M | $3.9M | ||
| Q2 25 | $5.8M | $68.7K | ||
| Q1 25 | $6.2M | $2.9M | ||
| Q4 24 | $11.5M | $5.6M | ||
| Q3 24 | $6.8M | $4.3M | ||
| Q2 24 | $18.9M | $5.3M | ||
| Q1 24 | $18.4M | — |
| Q4 25 | $261.5M | $79.1K | ||
| Q3 25 | $279.7M | $84.6K | ||
| Q2 25 | $279.7M | $642.8K | ||
| Q1 25 | $279.7M | $715.4K | ||
| Q4 24 | $279.8M | $787.7K | ||
| Q3 24 | $279.7M | $858.6K | ||
| Q2 24 | $279.7M | $1.6M | ||
| Q1 24 | $279.6M | $748.8K |
| Q4 25 | $162.7M | $5.3M | ||
| Q3 25 | $164.8M | $-1.7M | ||
| Q2 25 | $165.6M | $-59.4M | ||
| Q1 25 | $171.1M | $-23.1M | ||
| Q4 24 | $190.1M | $-88.9M | ||
| Q3 24 | $186.3M | $-39.3M | ||
| Q2 24 | $187.0M | $-53.0M | ||
| Q1 24 | $188.0M | $-173.0M |
| Q4 25 | $476.5M | $56.9M | ||
| Q3 25 | $499.6M | $58.5M | ||
| Q2 25 | $498.9M | $46.2M | ||
| Q1 25 | $506.8M | $47.4M | ||
| Q4 24 | $507.8M | $61.0M | ||
| Q3 24 | $507.4M | $47.1M | ||
| Q2 24 | $519.5M | $49.1M | ||
| Q1 24 | $522.5M | $50.1M |
| Q4 25 | 1.61× | 0.01× | ||
| 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 | $2.4M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | $2.4M | ||
| Q3 25 | $4.1M | $-6.6M | ||
| Q2 25 | $3.9M | $-2.3M | ||
| Q1 25 | $3.0M | $-2.3M | ||
| Q4 24 | $18.2M | $3.5M | ||
| Q3 24 | $5.1M | $162.2K | ||
| Q2 24 | $4.7M | $-2.2M | ||
| Q1 24 | $3.0M | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | — | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | — | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
| 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.
Revenue Breakdown by Segment
MDV
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
