vs
Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $142.2M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 25.2%, a 39.3% 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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
MRP vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $142.2M |
| Net Profit | $122.2M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 84.8% | 30.1% |
| Net Margin | 64.5% | 25.2% |
| Revenue YoY | — | -14.5% |
| Net Profit YoY | 285.8% | -44.3% |
| EPS (diluted) | $0.74 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | $189.5M | $172.9M | ||
| Q3 25 | $179.3M | $139.6M | ||
| Q2 25 | $149.0M | $171.8M | ||
| Q1 25 | $82.7M | $166.3M | ||
| Q4 24 | — | $162.3M | ||
| Q3 24 | — | $161.6M | ||
| Q2 24 | — | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $122.2M | $66.3M | ||
| Q3 25 | $105.1M | $44.0M | ||
| Q2 25 | $112.8M | $67.3M | ||
| Q1 25 | $39.8M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | — | $66.9M | ||
| Q2 24 | — | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 84.8% | 38.9% | ||
| Q3 25 | 85.3% | 30.9% | ||
| Q2 25 | 85.1% | 39.9% | ||
| Q1 25 | 55.2% | 41.9% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 41.5% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 64.5% | 38.4% | ||
| Q3 25 | 58.6% | 31.5% | ||
| Q2 25 | 75.7% | 39.2% | ||
| Q1 25 | 48.1% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | — | 41.4% | ||
| Q2 24 | — | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.74 | $1.40 | ||
| Q3 25 | $0.63 | $0.92 | ||
| Q2 25 | $0.68 | $1.41 | ||
| Q1 25 | $0.39 | $1.35 | ||
| Q4 24 | — | $0.96 | ||
| Q3 24 | — | $1.40 | ||
| Q2 24 | — | $1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $35.0M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | — |
| Total Assets | $9.3B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $35.0M | $602.4M | ||
| Q3 25 | $242.6M | $603.0M | ||
| Q2 25 | $66.6M | $525.2M | ||
| Q1 25 | $89.5M | $571.3M | ||
| Q4 24 | — | $492.7M | ||
| Q3 24 | — | $551.6M | ||
| Q2 24 | — | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $1.8B | ||
| Q3 25 | $5.9B | $1.7B | ||
| Q2 25 | $5.9B | $1.7B | ||
| Q1 25 | $5.9B | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $9.3B | $2.0B | ||
| Q3 25 | $9.0B | $1.9B | ||
| Q2 25 | $8.0B | $1.9B | ||
| Q1 25 | $7.2B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B |
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 | $3.7B | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 30.05× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $3.7B | $31.1M | ||
| Q3 25 | $123.1M | $97.2M | ||
| Q2 25 | $109.1M | $51.9M | ||
| Q1 25 | $21.3M | $30.6M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | — | $79.9M | ||
| Q2 24 | — | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $37.5M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | — | $66.2M | ||
| Q2 24 | — | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 60.4% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 30.05× | 0.47× | ||
| Q3 25 | 1.17× | 2.21× | ||
| Q2 25 | 0.97× | 0.77× | ||
| Q1 25 | 0.53× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
