Modiv Industrial, Inc. (MDV) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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MDV Revenue Growth
MDV Revenue Analysis (2015–2025)
As of May 8, 2026, Modiv Industrial, Inc. (MDV) generated trailing twelve-month (TTM) revenue of $46.4 million, reflecting moderate decline in growth of -9.3% year-over-year. The most recent quarter (Q4 2025) recorded $10.6 million in revenue, down 10.9% sequentially.
Looking at the longer-term picture, MDV's 5-year compound annual growth rate (CAGR) stands at +3.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $47.2 million in 2023.
When compared to Real Estate sector peers including IIPR (-13.6% YoY), STAG (+10.0% YoY), and PLYM (-5.0% YoY), MDV has underperformed the peer group in terms of revenue growth. Compare MDV vs IIPR →
MDV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MDVCurrent | $46M | -9.3% | +3.6% | 34.3% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% | |
 PLYM | $198M | -5.0% | +21.4% | 18.2% | |
 ILPT | $449M | +2.6% | +12.0% | 33.0% | |
 GIPR | $10M | -2.6% | +41.3% | -52.6% |
MDV Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $46.4M | -0.8% | $12.8M | 27.5% | $15.9M | 34.3% |
| 2024 | $46.8M | -1.0% | $43.1M | 92.3% | $22.0M | 47.0% |
| 2023 | $47.2M | +7.8% | $42.1M | 89.1% | $2.6M | 5.5% |
| 2022 | $43.8M | +15.7% | $37.3M | 85.1% | $4.9M | 11.2% |
| 2021 | $37.9M | -2.7% | $31.0M | 81.8% | $-1,533,846 | -4.0% |
| 2020 | $38.9M | +57.1% | $31.9M | 82.0% | $21.5M | 55.3% |
| 2019 | $24.8M | +41.8% | $16.6M | 67.0% | $14.2M | 57.4% |
| 2018 | $17.5M | +137.5% | $-2,724,711 | -15.6% | $2.8M | 15.9% |
| 2017 | $7.4M | +771.5% | $-1,441,427 | -19.6% | $403K | 5.5% |
| 2016 | $845K | - | $-938,389 | -111.1% | $-725,428 | -85.9% |
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Start ComparisonMDV — Frequently Asked Questions
Quick answers to the most common questions about buying MDV stock.
Is MDV's revenue growth accelerating or slowing?
MDV revenue declined -9.3% year-over-year, contrasting with the 5-year CAGR of +3.6%. TTM revenue fell to $46M. This reverses the prior growth trend.
What is MDV's long-term revenue growth rate?
Modiv Industrial, Inc.'s 5-year revenue CAGR of +3.6% reflects the variable expansion pattern. Current YoY growth of -9.3% is below this long-term average.
How is MDV's revenue distributed by segment?
MDV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.