vs
Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 ($194.9M vs $120.4M, roughly 1.6× Hippo Holdings Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 5.0%, a 58.1% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 18.2%).
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
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.
HIPO vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.4M | $194.9M |
| Net Profit | $6.0M | $122.9M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 85.2% |
| Net Margin | 5.0% | 63.0% |
| Revenue YoY | 18.2% | 135.7% |
| Net Profit YoY | -86.4% | 208.7% |
| EPS (diluted) | $0.31 | $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 | $120.4M | $189.5M | ||
| Q3 25 | $120.6M | $179.3M | ||
| Q2 25 | $117.3M | $149.0M | ||
| Q1 25 | $110.3M | $82.7M | ||
| Q4 24 | $101.9M | — | ||
| Q3 24 | $95.5M | — | ||
| Q2 24 | $89.6M | — |
| Q1 26 | — | $122.9M | ||
| Q4 25 | $6.0M | $122.2M | ||
| Q3 25 | $98.1M | $105.1M | ||
| Q2 25 | $1.3M | $112.8M | ||
| Q1 25 | $-47.7M | $39.8M | ||
| Q4 24 | $44.2M | — | ||
| Q3 24 | $-8.5M | — | ||
| Q2 24 | $-40.5M | — |
| Q1 26 | — | 85.2% | ||
| Q4 25 | 5.6% | 84.8% | ||
| Q3 25 | 81.3% | 85.3% | ||
| Q2 25 | 3.4% | 85.1% | ||
| Q1 25 | -41.3% | 55.2% | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | -5.4% | — | ||
| Q2 24 | -40.7% | — |
| Q1 26 | — | 63.0% | ||
| Q4 25 | 5.0% | 64.5% | ||
| Q3 25 | 81.3% | 58.6% | ||
| Q2 25 | 1.1% | 75.7% | ||
| Q1 25 | -43.2% | 48.1% | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | -8.9% | — | ||
| Q2 24 | -45.2% | — |
| Q1 26 | — | $0.74 | ||
| Q4 25 | $0.31 | $0.74 | ||
| Q3 25 | $3.77 | $0.63 | ||
| Q2 25 | $0.05 | $0.68 | ||
| Q1 25 | $-1.91 | $0.39 | ||
| Q4 24 | $1.81 | — | ||
| Q3 24 | $-0.34 | — | ||
| Q2 24 | $-1.64 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $218.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $436.1M | $5.9B |
| Total Assets | $1.9B | $9.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.3M | $35.0M | ||
| Q3 25 | $247.7M | $242.6M | ||
| Q2 25 | $198.9M | $66.6M | ||
| Q1 25 | $140.9M | $89.5M | ||
| Q4 24 | $197.6M | — | ||
| Q3 24 | $191.2M | — | ||
| Q2 24 | $175.9M | — |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $436.1M | $5.9B | ||
| Q3 25 | $421.5M | $5.9B | ||
| Q2 25 | $332.5M | $5.9B | ||
| Q1 25 | $322.8M | $5.9B | ||
| Q4 24 | $362.1M | — | ||
| Q3 24 | $326.4M | — | ||
| Q2 24 | $322.6M | — |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.9B | $9.3B | ||
| Q3 25 | $1.9B | $9.0B | ||
| Q2 25 | $1.7B | $8.0B | ||
| Q1 25 | $1.5B | $7.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
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 | $9.2M | — |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $3.7B | ||
| Q3 25 | $16.9M | $123.1M | ||
| Q2 25 | $24.7M | $109.1M | ||
| Q1 25 | $-35.6M | $21.3M | ||
| Q4 24 | $47.5M | — | ||
| Q3 24 | $46.8M | — | ||
| Q2 24 | $-10.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $9.1M | — | ||
| Q3 25 | $16.8M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-35.7M | — | ||
| Q4 24 | $47.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-10.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | -32.4% | — | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.53× | 30.05× | ||
| Q3 25 | 0.17× | 1.17× | ||
| Q2 25 | 19.00× | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIPO
Segment breakdown not available.
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
