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Side-by-side financial comparison of Guardant Health, Inc. (GH) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Guardant Health, Inc. is the larger business by last-quarter revenue ($281.3M vs $194.9M, roughly 1.4× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs -45.7%, a 108.7% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 39.4%).
Guardant Health, Inc. is an American biotechnology company based in Palo Alto, California. Co-founders Helmy Eltoukhy and AmirAli Talasaz serve as co-chief executive officers.
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.
GH vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $281.3M | $194.9M |
| Net Profit | $-128.5M | $122.9M |
| Gross Margin | 64.6% | — |
| Operating Margin | -43.0% | 85.2% |
| Net Margin | -45.7% | 63.0% |
| Revenue YoY | 39.4% | 135.7% |
| Net Profit YoY | -15.8% | 208.7% |
| EPS (diluted) | $-1.01 | $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 | — | $194.9M | ||
| Q4 25 | $281.3M | $189.5M | ||
| Q3 25 | $265.2M | $179.3M | ||
| Q2 25 | $232.1M | $149.0M | ||
| Q1 25 | $203.5M | $82.7M | ||
| Q4 24 | $201.8M | — | ||
| Q3 24 | $191.5M | — | ||
| Q2 24 | $177.2M | — |
| Q1 26 | — | $122.9M | ||
| Q4 25 | $-128.5M | $122.2M | ||
| Q3 25 | $-92.7M | $105.1M | ||
| Q2 25 | $-99.9M | $112.8M | ||
| Q1 25 | $-95.2M | $39.8M | ||
| Q4 24 | $-111.0M | — | ||
| Q3 24 | $-107.8M | — | ||
| Q2 24 | $-102.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 64.6% | — | ||
| Q3 25 | 64.7% | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | 63.3% | — | ||
| Q4 24 | 61.6% | — | ||
| Q3 24 | 61.1% | — | ||
| Q2 24 | 59.1% | — |
| Q1 26 | — | 85.2% | ||
| Q4 25 | -43.0% | 84.8% | ||
| Q3 25 | -37.3% | 85.3% | ||
| Q2 25 | -45.9% | 85.1% | ||
| Q1 25 | -54.6% | 55.2% | ||
| Q4 24 | -62.4% | — | ||
| Q3 24 | -61.3% | — | ||
| Q2 24 | -56.8% | — |
| Q1 26 | — | 63.0% | ||
| Q4 25 | -45.7% | 64.5% | ||
| Q3 25 | -35.0% | 58.6% | ||
| Q2 25 | -43.0% | 75.7% | ||
| Q1 25 | -46.8% | 48.1% | ||
| Q4 24 | -55.0% | — | ||
| Q3 24 | -56.3% | — | ||
| Q2 24 | -57.9% | — |
| Q1 26 | — | $0.74 | ||
| Q4 25 | $-1.01 | $0.74 | ||
| Q3 25 | $-0.74 | $0.63 | ||
| Q2 25 | $-0.80 | $0.68 | ||
| Q1 25 | $-0.77 | $0.39 | ||
| Q4 24 | $-0.90 | — | ||
| Q3 24 | $-0.88 | — | ||
| Q2 24 | $-0.84 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $378.2M | — |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $-99.3M | $5.9B |
| Total Assets | $2.0B | $9.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $378.2M | $35.0M | ||
| Q3 25 | $580.0M | $242.6M | ||
| Q2 25 | $629.1M | $66.6M | ||
| Q1 25 | $698.6M | $89.5M | ||
| Q4 24 | $525.5M | — | ||
| Q3 24 | $585.0M | — | ||
| Q2 24 | $933.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $-99.3M | $5.9B | ||
| Q3 25 | $-354.5M | $5.9B | ||
| Q2 25 | $-305.5M | $5.9B | ||
| Q1 25 | $-250.8M | $5.9B | ||
| Q4 24 | $-139.6M | — | ||
| Q3 24 | $-60.1M | — | ||
| Q2 24 | $-1.6M | — |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $2.0B | $9.3B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.3B | $8.0B | ||
| Q1 25 | $1.3B | $7.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
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 | $-26.4M | — |
| Free Cash FlowOCF − Capex | $-54.2M | — |
| FCF MarginFCF / Revenue | -19.3% | — |
| Capex IntensityCapex / Revenue | 9.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-233.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-26.4M | $3.7B | ||
| Q3 25 | $-35.4M | $123.1M | ||
| Q2 25 | $-60.3M | $109.1M | ||
| Q1 25 | $-62.7M | $21.3M | ||
| Q4 24 | $-64.5M | — | ||
| Q3 24 | $-51.1M | — | ||
| Q2 24 | $-94.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-54.2M | — | ||
| Q3 25 | $-45.8M | — | ||
| Q2 25 | $-65.9M | — | ||
| Q1 25 | $-67.1M | — | ||
| Q4 24 | $-83.4M | — | ||
| Q3 24 | $-55.3M | — | ||
| Q2 24 | $-99.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | -19.3% | — | ||
| Q3 25 | -17.3% | — | ||
| Q2 25 | -28.4% | — | ||
| Q1 25 | -33.0% | — | ||
| Q4 24 | -41.3% | — | ||
| Q3 24 | -28.9% | — | ||
| Q2 24 | -55.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.05× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GH
| Oncology | $189.9M | 68% |
| Biopharma Data | $54.0M | 19% |
| Screening | $35.1M | 12% |
| Licensing Other | $2.2M | 1% |
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
