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

PRECISION DRILLING Corp is the larger business by last-quarter revenue ($299.5M vs $189.5M, roughly 1.6× Millrose Properties, Inc.).

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.

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.

MRP vs PDS — Head-to-Head

Bigger by revenue
PDS
PDS
1.6× larger
PDS
$299.5M
$189.5M
MRP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MRP
MRP
PDS
PDS
Revenue
$189.5M
$299.5M
Net Profit
$122.2M
Gross Margin
Operating Margin
84.8%
Net Margin
64.5%
Revenue YoY
Net Profit YoY
285.8%
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.

Revenue
MRP
MRP
PDS
PDS
Q4 25
$189.5M
$299.5M
Q3 25
$179.3M
Q2 25
$149.0M
Q1 25
$82.7M
Net Profit
MRP
MRP
PDS
PDS
Q4 25
$122.2M
Q3 25
$105.1M
Q2 25
$112.8M
Q1 25
$39.8M
Operating Margin
MRP
MRP
PDS
PDS
Q4 25
84.8%
Q3 25
85.3%
Q2 25
85.1%
Q1 25
55.2%
Net Margin
MRP
MRP
PDS
PDS
Q4 25
64.5%
Q3 25
58.6%
Q2 25
75.7%
Q1 25
48.1%
EPS (diluted)
MRP
MRP
PDS
PDS
Q4 25
$0.74
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
PDS
PDS
Cash + ST InvestmentsLiquidity on hand
$35.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
Total Assets
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
PDS
PDS
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$66.6M
Q1 25
$89.5M
Stockholders' Equity
MRP
MRP
PDS
PDS
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$5.9B
Q1 25
$5.9B
Total Assets
MRP
MRP
PDS
PDS
Q4 25
$9.3B
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
PDS
PDS
Operating Cash FlowLast quarter
$3.7B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
30.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
PDS
PDS
Q4 25
$3.7B
Q3 25
$123.1M
Q2 25
$109.1M
Q1 25
$21.3M
Cash Conversion
MRP
MRP
PDS
PDS
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.

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