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Side-by-side financial comparison of MediaAlpha, Inc. (MAX) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $194.9M, roughly 1.6× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 4.5%, a 58.5% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 17.3%).
Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.
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.
MAX vs MRP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.0M | $194.9M |
| Net Profit | $14.0M | $122.9M |
| Gross Margin | 15.1% | — |
| Operating Margin | 7.2% | 85.2% |
| Net Margin | 4.5% | 63.0% |
| Revenue YoY | 17.3% | 135.7% |
| Net Profit YoY | 701.8% | 208.7% |
| EPS (diluted) | — | $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 | $310.0M | $194.9M | ||
| Q4 25 | $291.2M | $189.5M | ||
| Q3 25 | $306.5M | $179.3M | ||
| Q2 25 | $251.6M | $149.0M | ||
| Q1 25 | $264.3M | $82.7M | ||
| Q4 24 | $300.6M | — | ||
| Q3 24 | $259.1M | — | ||
| Q2 24 | $178.3M | — |
| Q1 26 | $14.0M | $122.9M | ||
| Q4 25 | $31.4M | $122.2M | ||
| Q3 25 | $14.9M | $105.1M | ||
| Q2 25 | $-18.7M | $112.8M | ||
| Q1 25 | $-1.9M | $39.8M | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $9.5M | — | ||
| Q2 24 | $3.6M | — |
| Q1 26 | 15.1% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 15.8% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 17.8% | — |
| Q1 26 | 7.2% | 85.2% | ||
| Q4 25 | 7.7% | 84.8% | ||
| Q3 25 | 6.4% | 85.3% | ||
| Q2 25 | -8.0% | 85.1% | ||
| Q1 25 | 0.0% | 55.2% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 3.6% | — |
| Q1 26 | 4.5% | 63.0% | ||
| Q4 25 | 10.8% | 64.5% | ||
| Q3 25 | 4.9% | 58.6% | ||
| Q2 25 | -7.4% | 75.7% | ||
| Q1 25 | -0.7% | 48.1% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.0% | — |
| Q1 26 | — | $0.74 | ||
| Q4 25 | $0.50 | $0.74 | ||
| Q3 25 | $0.26 | $0.63 | ||
| Q2 25 | $-0.33 | $0.68 | ||
| Q1 25 | $-0.04 | $0.39 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.1M | — |
| Total DebtLower is stronger | $163.5M | — |
| Stockholders' EquityBook value | — | $5.9B |
| Total Assets | $367.7M | $9.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $26.1M | — | ||
| Q4 25 | $46.9M | $35.0M | ||
| Q3 25 | $38.8M | $242.6M | ||
| Q2 25 | $85.4M | $66.6M | ||
| Q1 25 | $63.6M | $89.5M | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | $32.3M | — | ||
| Q2 24 | $28.7M | — |
| Q1 26 | $163.5M | — | ||
| Q4 25 | $153.4M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $158.0M | — | ||
| Q1 25 | $160.2M | — | ||
| Q4 24 | $162.4M | — | ||
| Q3 24 | $164.7M | — | ||
| Q2 24 | $166.9M | — |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $4.2M | $5.9B | ||
| Q3 25 | $-29.8M | $5.9B | ||
| Q2 25 | $-3.8M | $5.9B | ||
| Q1 25 | $7.9M | $5.9B | ||
| Q4 24 | $2.4M | — | ||
| Q3 24 | $-8.4M | — | ||
| Q2 24 | $-24.4M | — |
| Q1 26 | $367.7M | $9.6B | ||
| Q4 25 | $383.8M | $9.3B | ||
| Q3 25 | $266.2M | $9.0B | ||
| Q2 25 | $249.4M | $8.0B | ||
| Q1 25 | $240.0M | $7.2B | ||
| Q4 24 | $262.4M | — | ||
| Q3 24 | $236.1M | — | ||
| Q2 24 | $198.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 36.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.23× | — | ||
| Q4 24 | 68.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAX
Segment breakdown not available.
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
