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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $141.3M, roughly 1.3× PAMT CORP). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -20.7%, a 85.2% 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.

MRP vs PAMT — Head-to-Head

Bigger by revenue
MRP
MRP
1.3× larger
MRP
$189.5M
$141.3M
PAMT
Higher net margin
MRP
MRP
85.2% more per $
MRP
64.5%
-20.7%
PAMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
PAMT
PAMT
Revenue
$189.5M
$141.3M
Net Profit
$122.2M
$-29.3M
Gross Margin
Operating Margin
84.8%
-27.0%
Net Margin
64.5%
-20.7%
Revenue YoY
-15.1%
Net Profit YoY
285.8%
7.4%
EPS (diluted)
$0.74
$-1.38

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
PAMT
PAMT
Q4 25
$189.5M
$141.3M
Q3 25
$179.3M
$150.3M
Q2 25
$149.0M
$151.1M
Q1 25
$82.7M
$155.3M
Q4 24
$166.5M
Q3 24
$182.6M
Q2 24
$182.9M
Q1 24
$182.6M
Net Profit
MRP
MRP
PAMT
PAMT
Q4 25
$122.2M
$-29.3M
Q3 25
$105.1M
$-5.6M
Q2 25
$112.8M
$-9.6M
Q1 25
$39.8M
$-8.1M
Q4 24
$-31.6M
Q3 24
$2.4M
Q2 24
$-2.9M
Q1 24
$281.0K
Operating Margin
MRP
MRP
PAMT
PAMT
Q4 25
84.8%
-27.0%
Q3 25
85.3%
-3.8%
Q2 25
85.1%
-7.3%
Q1 25
55.2%
-5.9%
Q4 24
-22.6%
Q3 24
1.3%
Q2 24
-0.4%
Q1 24
-0.4%
Net Margin
MRP
MRP
PAMT
PAMT
Q4 25
64.5%
-20.7%
Q3 25
58.6%
-3.7%
Q2 25
75.7%
-6.4%
Q1 25
48.1%
-5.2%
Q4 24
-19.0%
Q3 24
1.3%
Q2 24
-1.6%
Q1 24
0.2%
EPS (diluted)
MRP
MRP
PAMT
PAMT
Q4 25
$0.74
$-1.38
Q3 25
$0.63
$-0.27
Q2 25
$0.68
$-0.46
Q1 25
$0.39
$-0.37
Q4 24
$-1.44
Q3 24
$0.11
Q2 24
$-0.13
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$35.0M
$83.7M
Total DebtLower is stronger
$333.9M
Stockholders' EquityBook value
$5.9B
$210.5M
Total Assets
$9.3B
$697.9M
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
PAMT
PAMT
Q4 25
$35.0M
$83.7M
Q3 25
$242.6M
$115.6M
Q2 25
$66.6M
$117.3M
Q1 25
$89.5M
$102.7M
Q4 24
$110.7M
Q3 24
$92.3M
Q2 24
$114.0M
Q1 24
$125.8M
Total Debt
MRP
MRP
PAMT
PAMT
Q4 25
$333.9M
Q3 25
Q2 25
Q1 25
Q4 24
$325.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MRP
MRP
PAMT
PAMT
Q4 25
$5.9B
$210.5M
Q3 25
$5.9B
$239.5M
Q2 25
$5.9B
$244.9M
Q1 25
$5.9B
$269.6M
Q4 24
$277.5M
Q3 24
$308.9M
Q2 24
$306.7M
Q1 24
$314.6M
Total Assets
MRP
MRP
PAMT
PAMT
Q4 25
$9.3B
$697.9M
Q3 25
$9.0B
$715.2M
Q2 25
$8.0B
$707.9M
Q1 25
$7.2B
$712.6M
Q4 24
$741.7M
Q3 24
$756.7M
Q2 24
$733.5M
Q1 24
$746.4M
Debt / Equity
MRP
MRP
PAMT
PAMT
Q4 25
1.59×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24
Q1 24

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
PAMT
PAMT
Operating Cash FlowLast quarter
$3.7B
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
30.05×
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
PAMT
PAMT
Q4 25
$3.7B
$-5.8M
Q3 25
$123.1M
$5.9M
Q2 25
$109.1M
$12.2M
Q1 25
$21.3M
$5.0M
Q4 24
$15.2M
Q3 24
$15.5M
Q2 24
$18.7M
Q1 24
$9.6M
Free Cash Flow
MRP
MRP
PAMT
PAMT
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-33.6M
Q2 24
$4.1M
Q1 24
$-12.2M
FCF Margin
MRP
MRP
PAMT
PAMT
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-18.4%
Q2 24
2.2%
Q1 24
-6.7%
Capex Intensity
MRP
MRP
PAMT
PAMT
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
26.9%
Q2 24
8.0%
Q1 24
12.0%
Cash Conversion
MRP
MRP
PAMT
PAMT
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
Q4 24
Q3 24
6.44×
Q2 24
Q1 24
34.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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