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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Netskope Inc (NTSK). Click either name above to swap in a different company.

Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $184.2M, roughly 1.1× Netskope Inc). Millrose Properties, Inc. runs the higher net margin — 63.0% vs -246.0%, a 309.0% 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.

Netskope Inc is a leading global cybersecurity firm offering SASE solutions, cloud security platforms and zero trust tools. It serves enterprise clients across North America, Europe and Asia Pacific, helping secure remote workforces, cloud apps and digital assets against evolving cyber threats.

MRP vs NTSK — Head-to-Head

Bigger by revenue
MRP
MRP
1.1× larger
MRP
$194.9M
$184.2M
NTSK
Higher net margin
MRP
MRP
309.0% more per $
MRP
63.0%
-246.0%
NTSK

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
MRP
MRP
NTSK
NTSK
Revenue
$194.9M
$184.2M
Net Profit
$122.9M
$-453.1M
Gross Margin
57.9%
Operating Margin
85.2%
-242.7%
Net Margin
63.0%
-246.0%
Revenue YoY
135.7%
Net Profit YoY
208.7%
-401.7%
EPS (diluted)
$0.74
$-1.85

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.

Revenue
MRP
MRP
NTSK
NTSK
Q1 26
$194.9M
Q4 25
$189.5M
$184.2M
Q3 25
$179.3M
Q2 25
$149.0M
Q1 25
$82.7M
Net Profit
MRP
MRP
NTSK
NTSK
Q1 26
$122.9M
Q4 25
$122.2M
$-453.1M
Q3 25
$105.1M
Q2 25
$112.8M
Q1 25
$39.8M
Gross Margin
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
57.9%
Q3 25
Q2 25
Q1 25
Operating Margin
MRP
MRP
NTSK
NTSK
Q1 26
85.2%
Q4 25
84.8%
-242.7%
Q3 25
85.3%
Q2 25
85.1%
Q1 25
55.2%
Net Margin
MRP
MRP
NTSK
NTSK
Q1 26
63.0%
Q4 25
64.5%
-246.0%
Q3 25
58.6%
Q2 25
75.7%
Q1 25
48.1%
EPS (diluted)
MRP
MRP
NTSK
NTSK
Q1 26
$0.74
Q4 25
$0.74
$-1.85
Q3 25
$0.63
Q2 25
$0.68
Q1 25
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MRP
MRP
NTSK
NTSK
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$151.0M
Total Assets
$9.6B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
$35.0M
$1.2B
Q3 25
$242.6M
Q2 25
$66.6M
Q1 25
$89.5M
Stockholders' Equity
MRP
MRP
NTSK
NTSK
Q1 26
$5.9B
Q4 25
$5.9B
$151.0M
Q3 25
$5.9B
Q2 25
$5.9B
Q1 25
$5.9B
Total Assets
MRP
MRP
NTSK
NTSK
Q1 26
$9.6B
Q4 25
$9.3B
$1.7B
Q3 25
$9.0B
Q2 25
$8.0B
Q1 25
$7.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRP
MRP
NTSK
NTSK
Operating Cash FlowLast quarter
$19.9M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
$3.7B
$19.9M
Q3 25
$123.1M
Q2 25
$109.1M
Q1 25
$21.3M
Free Cash Flow
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
$10.4M
Q3 25
Q2 25
Q1 25
FCF Margin
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
5.6%
Q3 25
Q2 25
Q1 25
Capex Intensity
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
5.2%
Q3 25
Q2 25
Q1 25
Cash Conversion
MRP
MRP
NTSK
NTSK
Q1 26
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MRP
MRP

Option fee revenues$185.3M95%
Development loan income$9.6M5%

NTSK
NTSK

Indirect Channels$175.2M95%
Direct End Customers$8.9M5%

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