vs
Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $194.9M, roughly 1.9× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 2.1%, a 61.0% 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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
MRP vs PERI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $194.9M | $368.7M |
| Net Profit | $122.9M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 85.2% | 2.0% |
| Net Margin | 63.0% | 2.1% |
| Revenue YoY | 135.7% | — |
| Net Profit YoY | 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 | $194.9M | — | ||
| Q4 25 | $189.5M | — | ||
| Q3 25 | $179.3M | $368.7M | ||
| Q2 25 | $149.0M | $266.5M | ||
| Q1 25 | $82.7M | $157.8M | ||
| Q3 24 | — | $508.9M | ||
| Q2 24 | — | $323.6M | ||
| Q1 24 | — | $145.2M |
| Q1 26 | $122.9M | — | ||
| Q4 25 | $122.2M | — | ||
| Q3 25 | $105.1M | $7.7M | ||
| Q2 25 | $112.8M | $5.6M | ||
| Q1 25 | $39.8M | $11.8M | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $23.8M |
| Q1 26 | 85.2% | — | ||
| Q4 25 | 84.8% | — | ||
| Q3 25 | 85.3% | 2.0% | ||
| Q2 25 | 85.1% | -1.7% | ||
| Q1 25 | 55.2% | 5.4% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 16.9% |
| Q1 26 | 63.0% | — | ||
| Q4 25 | 64.5% | — | ||
| Q3 25 | 58.6% | 2.1% | ||
| Q2 25 | 75.7% | 2.1% | ||
| Q1 25 | 48.1% | 7.5% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 16.4% |
| Q1 26 | $0.74 | — | ||
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.68 | — | ||
| Q1 25 | $0.39 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $722.9M |
| Total Assets | $9.6B | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $35.0M | — | ||
| Q3 25 | $242.6M | $156.2M | ||
| Q2 25 | $66.6M | $156.2M | ||
| Q1 25 | $89.5M | $156.2M | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | — | $187.6M | ||
| Q1 24 | — | $187.6M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.9B | $722.9M | ||
| Q2 25 | $5.9B | $722.9M | ||
| Q1 25 | $5.9B | $722.9M | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | — | $718.1M | ||
| Q1 24 | — | $718.1M |
| Q1 26 | $9.6B | — | ||
| Q4 25 | $9.3B | — | ||
| Q3 25 | $9.0B | $915.5M | ||
| Q2 25 | $8.0B | $915.5M | ||
| Q1 25 | $7.2B | $915.5M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
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 | — | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $123.1M | $2.6M | ||
| Q2 25 | $109.1M | — | ||
| Q1 25 | $21.3M | — | ||
| Q3 24 | — | $105.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 30.05× | — | ||
| Q3 25 | 1.17× | 0.34× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.53× | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
