MRP

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Millrose Properties, Inc. Class A

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Key Metrics

Previous Close: $25.20
52-Week Range: $23.44 – $33.49
Market Cap: $4.09B
P/E (TTM): 8.57
EPS (TTM): 2.87
Dividend Yield: 12.84%

Advanced Metrics

Price/Book: 0.70
PEG Ratio: —
Return on Equity: 8.12%
Return on Assets: 4.58%
Gross Margin: 85.31%
Operating Margin: 85.16%
Profit Margin: 62.60%
Current Ratio: 46.57
Debt/Equity: 0.43
Total Debt: $2.49B
Free Cash Flow: $-1.38B
Revenue Growth: 32.10%
Earnings Growth: 11.60%
Enterprise Value: $6.54B

MRP Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Revenue	$0.00	$0.00	$600.46M
Cost of Revenue	$0.00	$0.00	$87.75M
Gross Profit	$0.00	$0.00	$512.71M
Selling, General & Admin	$209.79M	$246.22M	$25.64M
Operating Expenses	$209.79M	$246.22M	$26.64M
Operating Income	-$209.79M	-$246.22M	$486.07M
EBITDA	-$209.79M	-$246.22M	$492.17M
Pretax Income	-$209.79M	-$246.22M	$400.37M
Income Tax	$0.00	$0.00	$20.51M
Net Income	-$209.79M	-$246.22M	$379.86M
Diluted EPS	-1.55	-1.48	2.44
Diluted Shares	135.00M	166.00M	166.03M

MRP Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Cash & Equivalents	$100.00	$0.00	$35.05M
Receivables	—	$0.00	$329.00M
Inventory	—	$5.47B	$0.00
Current Assets	$100.00	$5.47B	$364.05M
Total Assets	$100.00	$5.47B	$9.26B
Current Liabilities	—	$282.73M	$185.45M
Long-Term Debt	—	$24.19M	$2.11B
Total Debt	—	$24.19M	$2.11B
Total Liabilities	$0.00	$306.92M	$3.40B
Retained Earnings	—	$0.00	-$18.48M
Shareholders' Equity	$100.00	$5.16B	$5.86B
Working Capital	—	$5.18B	$178.60M
Net Debt	—	$24.19M	$2.08B

MRP Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Operating Cash Flow	-$865.12M	-$917.19M	$3.67B
Free Cash Flow	-$865.12M	-$917.19M	$3.67B
Stock-Based Compensation	$10.09M	$14.94M	$677.00K
Investing Cash Flow	$0.00	$0.00	-$5.72B
Financing Cash Flow	$865.12M	$917.19M	$2.08B
Dividends Paid	$0.00	$0.00	-$298.81M
Net Change in Cash	—	—	$35.05M

MRP Income statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	-$348.06M	$82.70M	$149.00M	$189.50M	$194.93M	$196.85M
Cost of Revenue	-$62.80M	$12.10M	$21.96M	$27.79M	$28.15M	$29.91M
Gross Profit	-$285.27M	$70.59M	$127.04M	$161.71M	$166.78M	$166.94M
Selling, General & Admin	$246.22M	$24.96M	$181.00K	$307.00K	$692.00K	$217.00K
Operating Expenses	$178.32M	$24.96M	$181.00K	$972.00K	$692.00K	-$690.00K
Operating Income	-$463.59M	$45.63M	$126.86M	$160.74M	$166.08M	$167.63M
EBITDA	-$463.59M	$46.72M	$127.81M	$162.96M	$167.13M	$168.35M
Pretax Income	-$463.59M	$44.19M	$117.53M	$127.74M	$127.92M	$128.34M
Income Tax	-$14.26M	$4.38M	$4.77M	$5.50M	$5.04M	$2.46M
Net Income	-$449.33M	$39.81M	$112.76M	$122.24M	$122.88M	$125.88M
Diluted EPS	—	0.39	0.68	0.74	0.74	0.76
Diluted Shares	—	166.00M	166.03M	166.04M	166.03M	166.06M

MRP Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$0.00	$89.52M	$66.58M	$35.05M	$49.28M	$34.17M
Receivables	$0.00	$47.21M	$46.63M	$329.00M	$323.23M	$49.81M
Inventory	$5.47B	$7.00B	$7.85B	$0.00	—	—
Current Assets	$5.47B	$7.14B	$7.96B	$364.05M	$372.50M	$83.98M
Total Assets	$5.47B	$7.15B	$7.97B	$9.26B	$9.57B	$9.71B
Current Liabilities	$282.73M	$769.62M	$131.76M	$185.45M	$156.99M	$192.42M
Long-Term Debt	$24.19M	$350.00M	$1.01B	$2.11B	$2.42B	$2.48B
Total Debt	$24.19M	$350.00M	$1.01B	$2.11B	$2.42B	$2.48B
Total Liabilities	$306.92M	$1.28B	$2.10B	$3.40B	$3.72B	$3.86B
Retained Earnings	$0.00	$1.69M	-$98.00K	-$18.48M	-$21.76M	-$23.74M
Shareholders' Equity	$5.16B	$5.88B	$5.87B	$5.86B	$5.85B	$5.85B
Working Capital	$5.18B	$6.37B	$7.83B	$178.60M	$215.52M	-$108.44M
Net Debt	$24.19M	$260.48M	$944.59M	$2.08B	$2.37B	$2.44B

MRP Cash Flow statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	—	$896.28M	-$1.36B	$3.42B	$797.30M	$886.01M
Free Cash Flow	—	$37.34M	-$1.36B	$4.28B	$797.30M	$886.01M
Stock-Based Compensation	—	$181.00K	—	$307.00K	$692.00K	$217.00K
Investing Cash Flow	—	-$1.51B	$704.57M	-$3.61B	-$962.02M	-$834.84M
Financing Cash Flow	—	$594.74M	—	-$12.66M	$178.95M	-$66.28M
Dividends Paid	—	-$63.08M	—	-$121.18M	-$124.50M	-$126.28M
Net Change in Cash	—	-$22.95M	—	-$207.53M	$14.23M	-$15.11M

Market Snapshot

About

Real estate investment and property management company focused on acquiring, developing, and operating commercial and residential properties. Manages a diversified portfolio of income-generating real estate assets.