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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $139.2M, roughly 1.4× ADMA BIOLOGICS, INC.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 35.5%, a 29.0% gap on every dollar of revenue.

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

ADMA vs MRP — Head-to-Head

Bigger by revenue
MRP
MRP
1.4× larger
MRP
$189.5M
$139.2M
ADMA
Higher net margin
MRP
MRP
29.0% more per $
MRP
64.5%
35.5%
ADMA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADMA
ADMA
MRP
MRP
Revenue
$139.2M
$189.5M
Net Profit
$49.4M
$122.2M
Gross Margin
63.8%
Operating Margin
45.1%
84.8%
Net Margin
35.5%
64.5%
Revenue YoY
18.4%
Net Profit YoY
-55.9%
285.8%
EPS (diluted)
$0.20
$0.74

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.

Revenue
ADMA
ADMA
MRP
MRP
Q4 25
$139.2M
$189.5M
Q3 25
$134.2M
$179.3M
Q2 25
$122.0M
$149.0M
Q1 25
$114.8M
$82.7M
Q4 24
$117.5M
Q3 24
$119.8M
Q2 24
$107.2M
Q1 24
$81.9M
Net Profit
ADMA
ADMA
MRP
MRP
Q4 25
$49.4M
$122.2M
Q3 25
$36.4M
$105.1M
Q2 25
$34.2M
$112.8M
Q1 25
$26.9M
$39.8M
Q4 24
$111.9M
Q3 24
$35.9M
Q2 24
$32.1M
Q1 24
$17.8M
Gross Margin
ADMA
ADMA
MRP
MRP
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
Q2 24
53.6%
Q1 24
47.8%
Operating Margin
ADMA
ADMA
MRP
MRP
Q4 25
45.1%
84.8%
Q3 25
38.0%
85.3%
Q2 25
35.1%
85.1%
Q1 25
30.4%
55.2%
Q4 24
32.6%
Q3 24
33.1%
Q2 24
36.6%
Q1 24
26.7%
Net Margin
ADMA
ADMA
MRP
MRP
Q4 25
35.5%
64.5%
Q3 25
27.1%
58.6%
Q2 25
28.1%
75.7%
Q1 25
23.4%
48.1%
Q4 24
95.2%
Q3 24
30.0%
Q2 24
29.9%
Q1 24
21.7%
EPS (diluted)
ADMA
ADMA
MRP
MRP
Q4 25
$0.20
$0.74
Q3 25
$0.15
$0.63
Q2 25
$0.14
$0.68
Q1 25
$0.11
$0.39
Q4 24
$0.45
Q3 24
$0.15
Q2 24
$0.13
Q1 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADMA
ADMA
MRP
MRP
Cash + ST InvestmentsLiquidity on hand
$87.6M
$35.0M
Total DebtLower is stronger
$72.1M
Stockholders' EquityBook value
$477.3M
$5.9B
Total Assets
$624.2M
$9.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
MRP
MRP
Q4 25
$87.6M
$35.0M
Q3 25
$61.4M
$242.6M
Q2 25
$90.3M
$66.6M
Q1 25
$71.6M
$89.5M
Q4 24
$103.1M
Q3 24
$86.7M
Q2 24
$88.2M
Q1 24
$45.3M
Total Debt
ADMA
ADMA
MRP
MRP
Q4 25
$72.1M
Q3 25
$72.4M
Q2 25
Q1 25
Q4 24
$72.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ADMA
ADMA
MRP
MRP
Q4 25
$477.3M
$5.9B
Q3 25
$431.2M
$5.9B
Q2 25
$398.3M
$5.9B
Q1 25
$373.4M
$5.9B
Q4 24
$349.0M
Q3 24
$231.9M
Q2 24
$188.3M
Q1 24
$153.7M
Total Assets
ADMA
ADMA
MRP
MRP
Q4 25
$624.2M
$9.3B
Q3 25
$568.7M
$9.0B
Q2 25
$558.4M
$8.0B
Q1 25
$510.6M
$7.2B
Q4 24
$488.7M
Q3 24
$390.6M
Q2 24
$376.4M
Q1 24
$350.9M
Debt / Equity
ADMA
ADMA
MRP
MRP
Q4 25
0.15×
Q3 25
0.17×
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADMA
ADMA
MRP
MRP
Operating Cash FlowLast quarter
$35.6M
$3.7B
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
24.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
30.05×
TTM Free Cash FlowTrailing 4 quarters
$27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
MRP
MRP
Q4 25
$35.6M
$3.7B
Q3 25
$13.3M
$123.1M
Q2 25
$21.1M
$109.1M
Q1 25
$-19.7M
$21.3M
Q4 24
$50.2M
Q3 24
$25.0M
Q2 24
$45.6M
Q1 24
$-2.2M
Free Cash Flow
ADMA
ADMA
MRP
MRP
Q4 25
$34.6M
Q3 25
$-1.1M
Q2 25
$18.7M
Q1 25
$-24.4M
Q4 24
$47.5M
Q3 24
$24.0M
Q2 24
$43.6M
Q1 24
$-4.6M
FCF Margin
ADMA
ADMA
MRP
MRP
Q4 25
24.8%
Q3 25
-0.8%
Q2 25
15.3%
Q1 25
-21.2%
Q4 24
40.4%
Q3 24
20.0%
Q2 24
40.7%
Q1 24
-5.6%
Capex Intensity
ADMA
ADMA
MRP
MRP
Q4 25
0.8%
Q3 25
10.7%
Q2 25
2.0%
Q1 25
4.1%
Q4 24
2.3%
Q3 24
0.9%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
ADMA
ADMA
MRP
MRP
Q4 25
0.72×
30.05×
Q3 25
0.36×
1.17×
Q2 25
0.62×
0.97×
Q1 25
-0.73×
0.53×
Q4 24
0.45×
Q3 24
0.70×
Q2 24
1.42×
Q1 24
-0.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

MRP
MRP

Segment breakdown not available.

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