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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $189.5M, roughly 1.8× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 28.2%, a 36.3% gap on every dollar of revenue.
Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.
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.
FULT vs MRP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.2M | $189.5M |
| Net Profit | $94.8M | $122.2M |
| Gross Margin | — | — |
| Operating Margin | — | 84.8% |
| Net Margin | 28.2% | 64.5% |
| Revenue YoY | 4.2% | — |
| Net Profit YoY | 1.9% | 285.8% |
| EPS (diluted) | $0.55 | $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.
| Q1 26 | $336.2M | — | ||
| Q4 25 | $336.0M | $189.5M | ||
| Q3 25 | $334.6M | $179.3M | ||
| Q2 25 | $324.1M | $149.0M | ||
| Q1 25 | $318.4M | $82.7M | ||
| Q4 24 | $319.6M | — | ||
| Q3 24 | $317.7M | — | ||
| Q2 24 | $334.7M | — |
| Q1 26 | $94.8M | — | ||
| Q4 25 | $99.0M | $122.2M | ||
| Q3 25 | $100.5M | $105.1M | ||
| Q2 25 | $99.2M | $112.8M | ||
| Q1 25 | $93.0M | $39.8M | ||
| Q4 24 | $68.6M | — | ||
| Q3 24 | $63.2M | — | ||
| Q2 24 | $95.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | 84.8% | ||
| Q3 25 | 38.2% | 85.3% | ||
| Q2 25 | 37.8% | 85.1% | ||
| Q1 25 | 36.1% | 55.2% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 30.8% | — |
| Q1 26 | 28.2% | — | ||
| Q4 25 | 29.5% | 64.5% | ||
| Q3 25 | 30.0% | 58.6% | ||
| Q2 25 | 30.6% | 75.7% | ||
| Q1 25 | 29.2% | 48.1% | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 28.4% | — |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.53 | $0.74 | ||
| Q3 25 | $0.53 | $0.63 | ||
| Q2 25 | $0.53 | $0.68 | ||
| Q1 25 | $0.49 | $0.39 | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.52 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $35.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $5.9B |
| Total Assets | $32.2B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $35.0M | ||
| Q3 25 | — | $242.6M | ||
| Q2 25 | — | $66.6M | ||
| Q1 25 | — | $89.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $5.9B | ||
| Q3 25 | $3.4B | $5.9B | ||
| Q2 25 | $3.3B | $5.9B | ||
| Q1 25 | $3.3B | $5.9B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.1B | — |
| Q1 26 | $32.2B | — | ||
| Q4 25 | $32.1B | $9.3B | ||
| Q3 25 | $32.0B | $9.0B | ||
| Q2 25 | $32.0B | $8.0B | ||
| Q1 25 | $32.1B | $7.2B | ||
| Q4 24 | $32.1B | — | ||
| Q3 24 | $32.2B | — | ||
| Q2 24 | $31.8B | — |
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 | — | $3.7B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $304.5M | $3.7B | ||
| Q3 25 | $116.1M | $123.1M | ||
| Q2 25 | $91.7M | $109.1M | ||
| Q1 25 | $703.0K | $21.3M | ||
| Q4 24 | $416.6M | — | ||
| Q3 24 | $-22.0M | — | ||
| Q2 24 | $157.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 30.05× | ||
| Q3 25 | 1.16× | 1.17× | ||
| Q2 25 | 0.92× | 0.97× | ||
| Q1 25 | 0.01× | 0.53× | ||
| Q4 24 | 6.07× | — | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | 1.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
