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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) 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 $115.5M, roughly 1.7× INFINITY NATURAL RESOURCES, INC.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 17.3%, a 45.7% 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.
INR vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $115.5M | $194.9M |
| Net Profit | $20.0M | $122.9M |
| Gross Margin | — | — |
| Operating Margin | 47.0% | 85.2% |
| Net Margin | 17.3% | 63.0% |
| Revenue YoY | — | 135.7% |
| Net Profit YoY | — | 208.7% |
| EPS (diluted) | $1.33 | $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 | $115.5M | $189.5M | ||
| Q3 25 | $78.3M | $179.3M | ||
| Q2 25 | $72.5M | $149.0M | ||
| Q1 25 | $84.2M | $82.7M |
| Q1 26 | — | $122.9M | ||
| Q4 25 | $20.0M | $122.2M | ||
| Q3 25 | $10.4M | $105.1M | ||
| Q2 25 | $18.0M | $112.8M | ||
| Q1 25 | $-34.6M | $39.8M |
| Q1 26 | — | 85.2% | ||
| Q4 25 | 47.0% | 84.8% | ||
| Q3 25 | 30.5% | 85.3% | ||
| Q2 25 | 29.9% | 85.1% | ||
| Q1 25 | -104.5% | 55.2% |
| Q1 26 | — | 63.0% | ||
| Q4 25 | 17.3% | 64.5% | ||
| Q3 25 | 13.3% | 58.6% | ||
| Q2 25 | 24.8% | 75.7% | ||
| Q1 25 | -41.1% | 48.1% |
| Q1 26 | — | $0.74 | ||
| Q4 25 | $1.33 | $0.74 | ||
| Q3 25 | $0.65 | $0.63 | ||
| Q2 25 | $1.18 | $0.68 | ||
| Q1 25 | $-2.27 | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.8M | — |
| Total DebtLower is stronger | $55.0K | — |
| Stockholders' EquityBook value | $307.1M | $5.9B |
| Total Assets | $1.2B | $9.6B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.8M | $35.0M | ||
| Q3 25 | $4.6M | $242.6M | ||
| Q2 25 | $6.3M | $66.6M | ||
| Q1 25 | $4.9M | $89.5M |
| Q1 26 | — | — | ||
| Q4 25 | $55.0K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $123.0K | — |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $307.1M | $5.9B | ||
| Q3 25 | $288.6M | $5.9B | ||
| Q2 25 | $10.1M | $5.9B | ||
| Q1 25 | $-52.2M | $5.9B |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.2B | $9.3B | ||
| Q3 25 | $1.1B | $9.0B | ||
| Q2 25 | $1.0B | $8.0B | ||
| Q1 25 | $953.9M | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
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 | $75.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.75× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $3.7B | ||
| Q3 25 | $42.1M | $123.1M | ||
| Q2 25 | $70.4M | $109.1M | ||
| Q1 25 | $74.2M | $21.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.75× | 30.05× | ||
| Q3 25 | 4.04× | 1.17× | ||
| Q2 25 | 3.91× | 0.97× | ||
| Q1 25 | — | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
