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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $189.5M, roughly 1.9× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 4.1%, a 60.4% gap on every dollar of revenue.
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $189.5M |
| Net Profit | $15.1M | $122.2M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | 84.8% |
| Net Margin | 4.1% | 64.5% |
| Revenue YoY | 5.1% | — |
| Net Profit YoY | -29.1% | 285.8% |
| EPS (diluted) | $0.11 | $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.
| Q4 25 | $364.8M | $189.5M | ||
| Q3 25 | $344.6M | $179.3M | ||
| Q2 25 | $358.4M | $149.0M | ||
| Q1 25 | $311.4M | $82.7M | ||
| Q4 24 | $347.0M | — | ||
| Q3 24 | $319.1M | — | ||
| Q2 24 | $309.8M | — | ||
| Q1 24 | $295.2M | — |
| Q4 25 | $15.1M | $122.2M | ||
| Q3 25 | $12.2M | $105.1M | ||
| Q2 25 | $35.1M | $112.8M | ||
| Q1 25 | $4.9M | $39.8M | ||
| Q4 24 | $21.3M | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $15.1M | — |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | 84.8% | ||
| Q3 25 | 4.8% | 85.3% | ||
| Q2 25 | 13.0% | 85.1% | ||
| Q1 25 | 1.7% | 55.2% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 9.5% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 4.1% | 64.5% | ||
| Q3 25 | 3.5% | 58.6% | ||
| Q2 25 | 9.8% | 75.7% | ||
| Q1 25 | 1.6% | 48.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 5.1% | — |
| Q4 25 | $0.11 | $0.74 | ||
| Q3 25 | $0.09 | $0.63 | ||
| Q2 25 | $0.25 | $0.68 | ||
| Q1 25 | $0.03 | $0.39 | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.16 | — | ||
| Q1 24 | $0.11 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $35.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $5.9B |
| Total Assets | $1.4B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $35.0M | ||
| Q3 25 | $262.2M | $242.6M | ||
| Q2 25 | $234.8M | $66.6M | ||
| Q1 25 | $214.4M | $89.5M | ||
| Q4 24 | $197.5M | — | ||
| Q3 24 | $177.7M | — | ||
| Q2 24 | $174.2M | — | ||
| Q1 24 | $233.2M | — |
| Q4 25 | $418.2M | $5.9B | ||
| Q3 25 | $400.4M | $5.9B | ||
| Q2 25 | $385.6M | $5.9B | ||
| Q1 25 | $348.8M | $5.9B | ||
| Q4 24 | $343.7M | — | ||
| Q3 24 | $320.6M | — | ||
| Q2 24 | $309.3M | — | ||
| Q1 24 | $285.6M | — |
| Q4 25 | $1.4B | $9.3B | ||
| Q3 25 | $1.4B | $9.0B | ||
| Q2 25 | $1.3B | $8.0B | ||
| Q1 25 | $1.3B | $7.2B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $3.7B |
| Free Cash FlowOCF − Capex | $-8.8M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 0.62× | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $3.7B | ||
| Q3 25 | $46.1M | $123.1M | ||
| Q2 25 | $34.9M | $109.1M | ||
| Q1 25 | $46.5M | $21.3M | ||
| Q4 24 | $31.7M | — | ||
| Q3 24 | $31.1M | — | ||
| Q2 24 | $47.5M | — | ||
| Q1 24 | $36.8M | — |
| Q4 25 | $-8.8M | — | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $10.9M | — |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.8% | — |
| Q4 25 | 0.62× | 30.05× | ||
| Q3 25 | 3.77× | 1.17× | ||
| Q2 25 | 1.00× | 0.97× | ||
| Q1 25 | 9.53× | 0.53× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
MRP
Segment breakdown not available.
