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Side-by-side financial comparison of Curbline Properties Corp. (CURB) 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 $54.1M, roughly 3.5× Curbline Properties Corp.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 17.6%, a 46.9% gap on every dollar of revenue.
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.
CURB vs MRP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $54.1M | $189.5M |
| Net Profit | $9.6M | $122.2M |
| Gross Margin | — | — |
| Operating Margin | 17.8% | 84.8% |
| Net Margin | 17.6% | 64.5% |
| Revenue YoY | — | — |
| Net Profit YoY | — | 285.8% |
| EPS (diluted) | $0.08 | $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 | $54.1M | $189.5M | ||
| Q3 25 | $48.6M | $179.3M | ||
| Q2 25 | $41.4M | $149.0M | ||
| Q1 25 | $38.7M | $82.7M | ||
| Q3 24 | $29.8M | — |
| Q4 25 | $9.6M | $122.2M | ||
| Q3 25 | $9.4M | $105.1M | ||
| Q2 25 | $10.4M | $112.8M | ||
| Q1 25 | $10.6M | $39.8M | ||
| Q3 24 | $-15.4M | — |
| Q4 25 | 17.8% | 84.8% | ||
| Q3 25 | 19.3% | 85.3% | ||
| Q2 25 | 25.3% | 85.1% | ||
| Q1 25 | 27.6% | 55.2% | ||
| Q3 24 | -51.8% | — |
| Q4 25 | 17.6% | 64.5% | ||
| Q3 25 | 19.2% | 58.6% | ||
| Q2 25 | 25.1% | 75.7% | ||
| Q1 25 | 27.3% | 48.1% | ||
| Q3 24 | -51.8% | — |
| Q4 25 | $0.08 | $0.74 | ||
| Q3 25 | $0.09 | $0.63 | ||
| Q2 25 | $0.10 | $0.68 | ||
| Q1 25 | $0.10 | $0.39 | ||
| Q3 24 | $-0.15 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $289.6M | $35.0M |
| Total DebtLower is stronger | $423.2M | — |
| Stockholders' EquityBook value | $1.9B | $5.9B |
| Total Assets | $2.5B | $9.3B |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.6M | $35.0M | ||
| Q3 25 | $430.1M | $242.6M | ||
| Q2 25 | $429.9M | $66.6M | ||
| Q1 25 | $594.0M | $89.5M | ||
| Q3 24 | $2.5M | — |
| Q4 25 | $423.2M | — | ||
| Q3 25 | $396.4M | — | ||
| Q2 25 | $99.1M | — | ||
| Q1 25 | $99.0M | — | ||
| Q3 24 | — | — |
| Q4 25 | $1.9B | $5.9B | ||
| Q3 25 | $1.9B | $5.9B | ||
| Q2 25 | $1.9B | $5.9B | ||
| Q1 25 | $1.9B | $5.9B | ||
| Q3 24 | $1.1B | — |
| Q4 25 | $2.5B | $9.3B | ||
| Q3 25 | $2.4B | $9.0B | ||
| Q2 25 | $2.1B | $8.0B | ||
| Q1 25 | $2.1B | $7.2B | ||
| Q3 24 | $1.2B | — |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q3 24 | — | — |
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 | $25.9M | $3.4B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.71× | 27.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.9M | $3.4B | ||
| Q3 25 | $39.2M | $123.1M | ||
| Q2 25 | $34.2M | $109.1M | ||
| Q1 25 | $25.4M | $21.3M | ||
| Q3 24 | — | — |
| Q4 25 | 2.71× | 27.97× | ||
| Q3 25 | 4.19× | 1.17× | ||
| Q2 25 | 3.28× | 0.97× | ||
| Q1 25 | 2.40× | 0.53× | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
