Modiv Inc.

MDV

$18.05

-0.88%

N/A-$0.16

Real Estate

REIT - Industrial

NYSE

Inactive

Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires ...

Financial Highlights of MDV

Profitability trend

Latest / TTM · 6 periods

Gross Margin

26.7%

Net Margin

18.8%

P/E Ratio

41.02x

n/a

Debt / Equity

1.70

n/a

Current Ratio

3.29

Dividend Yield

6.6%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

26.7%

Net Margin

18.8%

P/E Ratio

41.02x

Debt / Equity

1.70

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	81.8%	85.1%	89.1%	92.3%	27.5%	—
Operating MarginOperating income as a percentage of revenue.	-4.0%	11.2%	5.5%	47.0%	34.3%	—
Net MarginNet income as a percentage of revenue.	-1.1%	-7.5%	-14.0%	12.9%	2.3%	—
EBITDA MarginEBITDA divided by revenue.	59.5%	41.2%	51.6%	90.8%	71.5%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	-1.1%	-10.3%	-18.4%	13.9%	1.2%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	5.44	0.15	0.10	0.21	53.46	—
Quick RatioLiquid assets divided by current liabilities.	3.66	0.11	0.06	0.12	38.96	—
Cash RatioCash and equivalents divided by current liabilities.	3.09	0.05	0.01	0.05	53.46	—
Debt / AssetsDebt as a share of total assets.	43.0%	43.1%	52.7%	55.1%	56.4%	—
Debt / EquityDebt compared with shareholder equity.	1.07	1.23	1.94	1.47	1.65	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	4.84x	4.79x	3.69x	2.53x	1.98x	—
Inventory TurnoverHow often inventory is sold in a year.	0.21x	1.24x	0.44x	0.16x	8.62x	—
Payables TurnoverHow often payables are paid in a year.	3.89x	6.54x	9.20x	9.90x	118.85x	—
Asset TurnoverRevenue generated per dollar of assets.	0.09x	0.10x	0.09x	0.09x	0.10x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	0.72x	-1.60x	-0.25x	-0.21x	-0.49x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	-313.80x	-11.90x	-10.11x	59.52x	1439.00x	—
P/B RatioPrice paid for each dollar of book value.	2.76x	0.52x	0.72x	0.73x	0.90x	—
P/S RatioPrice paid for each dollar of sales.	12.50x	1.89x	2.20x	2.96x	3.15x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	49.67x	4.98x	6.27x	7.58x	10.09x	—
Dividend YieldAnnual dividend divided by current share price.	0.7%	13.4%	11.4%	10.2%	10.9%	—

Supply Chain of MDV

RELATIONS

Upstream

KeyBank National Association (KeyCorp)NYSE:KEY BMO Bank, N.A. (Bank of Montreal)NYSE:BMOPaul, Weiss, Rifkind, Wharton & Garrison LLPLindsay Precast LLC (f/k/a Lindsay Precast, Inc.)MiddleGround CapitalTJC (The Jordan Company LP)Harris Williams LLC

Downstream

Lindsay Precast LLC3M CompanyNYSE:MMM Northrop Grumman CorporationNYSE:NOC Costco Wholesale CorporationNASDAQ:COSTArrow Tru-Line, Inc.Fujifilm Dimatix, Inc.TSE:4901KIA / Automotive Retail TenantKRX:000270Unnamed Second Major Tenant (>10% of Rent)Various Middle-Market Industrial Manufacturing Tenants

Proxies

Global Net Lease, Inc.NYSE:GNL Broadstone Net Lease, Inc.NYSE:BNL Rexford Industrial Realty, Inc.NYSE:REXR Industrial Logistics Properties TrustNASDAQ:ILPT Realty Income CorporationNYSE:O

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