Modiv Industrial (MDV) Operating Margin (2019 - 2026)
Modiv Industrial's Operating Margin came in at 85.34% for Q2 2026, up 75.50 percentage points from 9.85% a year earlier and up 49.42 percentage points from the prior quarter.
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Analysis
Modiv Industrial (MDV) Operating Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Modiv Industrial reported Operating Margin of 52.22%, up 17.91 percentage points year-over-year; for FY2025, it was 34.10%, down 12.90 percentage points from FY2024.
- Operating Margin carries a five-year change of +160.18 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 47.01% in FY2024 (+41.48 pp), 5.53% in FY2023 (-5.14 pp), 10.67% in FY2022 (+14.72 pp) and -4.05% in FY2021 (+122.03 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin in data going back to Q3 2019.
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +14.35 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2024 (a gain of 79.58 percentage points), and the weakest in Q4 2021 (a drop of 52.70 percentage points).
- Business Quant data shows MDV's Operating Margin at 35.92% (Q1 2026), 45.83% (Q4 2025) and 41.45% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 51.59% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 49.72% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 37.85% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Modiv Industrial | 186.34 Mn | 225.21 Mn | - | 85.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.34% |
| Mar 31, 2026 | 35.92% |
| Dec 31, 2025 | 45.83% |
| Sep 30, 2025 | 41.45% |
| Jun 30, 2025 | 9.85% |
| Mar 31, 2025 | 40.16% |
| Dec 31, 2024 | 45.44% |
| Sep 30, 2024 | 42.03% |
| Jun 30, 2024 | 44.64% |
| Mar 31, 2024 | 55.64% |
| Dec 31, 2023 | 30.98% |
| Sep 30, 2023 | -37.54% |
| Jun 30, 2023 | 34.95% |
| Mar 31, 2023 | -6.45% |
| Dec 31, 2021 | -24.74% |
| Sep 30, 2021 | 34.01% |
| Jun 30, 2021 | -12.46% |
| Mar 31, 2021 | -17.47% |
| Dec 31, 2020 | 27.96% |
| Sep 30, 2020 | 0.19% |
API Access
Modiv Industrial Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MDV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MDV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MDV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();