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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $189.5M, roughly 1.1× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 10.9%, a 53.6% 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.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
MRP vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $210.4M |
| Net Profit | $122.2M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 84.8% | 22.9% |
| Net Margin | 64.5% | 10.9% |
| Revenue YoY | — | -5.5% |
| Net Profit YoY | 285.8% | -32.4% |
| EPS (diluted) | $0.74 | $0.39 |
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.
| Q4 25 | $189.5M | — | ||
| Q3 25 | $179.3M | $210.4M | ||
| Q2 25 | $149.0M | $211.0M | ||
| Q1 25 | $82.7M | $212.1M | ||
| Q4 24 | — | $222.6M | ||
| Q3 24 | — | $211.0M | ||
| Q2 24 | — | $217.0M | ||
| Q1 24 | — | $216.3M |
| Q4 25 | $122.2M | — | ||
| Q3 25 | $105.1M | $22.9M | ||
| Q2 25 | $112.8M | $8.9M | ||
| Q1 25 | $39.8M | $42.9M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | $36.3M | ||
| Q1 24 | — | $26.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
| Q4 25 | 84.8% | — | ||
| Q3 25 | 85.3% | 22.9% | ||
| Q2 25 | 85.1% | 26.4% | ||
| Q1 25 | 55.2% | 24.6% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 26.6% |
| Q4 25 | 64.5% | — | ||
| Q3 25 | 58.6% | 10.9% | ||
| Q2 25 | 75.7% | 4.2% | ||
| Q1 25 | 48.1% | 20.2% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 16.7% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.63 | $0.39 | ||
| Q2 25 | $0.68 | $0.15 | ||
| Q1 25 | $0.39 | $0.68 | ||
| Q4 24 | — | $0.54 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | — | $0.58 | ||
| Q1 24 | — | $0.42 |
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 | $575.8M |
| Total DebtLower is stronger | — | $16.0K |
| Stockholders' EquityBook value | $5.9B | $1.1B |
| Total Assets | $9.3B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | — | ||
| Q3 25 | $242.6M | $575.8M | ||
| Q2 25 | $66.6M | $558.4M | ||
| Q1 25 | $89.5M | $642.2M | ||
| Q4 24 | — | $640.7M | ||
| Q3 24 | — | $606.4M | ||
| Q2 24 | — | $559.9M | ||
| Q1 24 | — | $521.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.9B | $1.1B | ||
| Q2 25 | $5.9B | $1.1B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | $9.3B | — | ||
| Q3 25 | $9.0B | $1.8B | ||
| Q2 25 | $8.0B | $1.7B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | 30.05× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | — | ||
| Q3 25 | $123.1M | $50.1M | ||
| Q2 25 | $109.1M | $31.5M | ||
| Q1 25 | $21.3M | $78.5M | ||
| Q4 24 | — | $68.4M | ||
| Q3 24 | — | $75.1M | ||
| Q2 24 | — | $76.5M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $56.5M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 26.0% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | 30.05× | — | ||
| Q3 25 | 1.17× | 2.19× | ||
| Q2 25 | 0.97× | 3.55× | ||
| Q1 25 | 0.53× | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
