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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $184.5M, roughly 1.0× DOUGLAS DYNAMICS, INC). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 7.0%, a 57.5% 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.

General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...

MRP vs PLOW — Head-to-Head

Bigger by revenue
MRP
MRP
1.0× larger
MRP
$189.5M
$184.5M
PLOW
Higher net margin
MRP
MRP
57.5% more per $
MRP
64.5%
7.0%
PLOW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
PLOW
PLOW
Revenue
$189.5M
$184.5M
Net Profit
$122.2M
$12.8M
Gross Margin
26.1%
Operating Margin
84.8%
10.5%
Net Margin
64.5%
7.0%
Revenue YoY
28.6%
Net Profit YoY
285.8%
62.3%
EPS (diluted)
$0.74
$0.54

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
PLOW
PLOW
Q4 25
$189.5M
$184.5M
Q3 25
$179.3M
$162.1M
Q2 25
$149.0M
$194.3M
Q1 25
$82.7M
$115.1M
Q4 24
$143.5M
Q3 24
$129.4M
Q2 24
$199.9M
Q1 24
$95.7M
Net Profit
MRP
MRP
PLOW
PLOW
Q4 25
$122.2M
$12.8M
Q3 25
$105.1M
$8.0M
Q2 25
$112.8M
$26.0M
Q1 25
$39.8M
$148.0K
Q4 24
$7.9M
Q3 24
$32.3M
Q2 24
$24.3M
Q1 24
$-8.4M
Gross Margin
MRP
MRP
PLOW
PLOW
Q4 25
26.1%
Q3 25
23.5%
Q2 25
31.0%
Q1 25
24.5%
Q4 24
24.9%
Q3 24
23.9%
Q2 24
30.7%
Q1 24
19.8%
Operating Margin
MRP
MRP
PLOW
PLOW
Q4 25
84.8%
10.5%
Q3 25
85.3%
8.7%
Q2 25
85.1%
19.0%
Q1 25
55.2%
2.8%
Q4 24
9.0%
Q3 24
35.4%
Q2 24
18.2%
Q1 24
-6.7%
Net Margin
MRP
MRP
PLOW
PLOW
Q4 25
64.5%
7.0%
Q3 25
58.6%
4.9%
Q2 25
75.7%
13.4%
Q1 25
48.1%
0.1%
Q4 24
5.5%
Q3 24
24.9%
Q2 24
12.2%
Q1 24
-8.7%
EPS (diluted)
MRP
MRP
PLOW
PLOW
Q4 25
$0.74
$0.54
Q3 25
$0.63
$0.33
Q2 25
$0.68
$1.09
Q1 25
$0.39
$0.00
Q4 24
$0.35
Q3 24
$1.36
Q2 24
$1.02
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$35.0M
Total DebtLower is stronger
$144.0M
Stockholders' EquityBook value
$5.9B
$281.4M
Total Assets
$9.3B
$626.7M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
PLOW
PLOW
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$66.6M
Q1 25
$89.5M
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
MRP
MRP
PLOW
PLOW
Q4 25
$144.0M
Q3 25
Q2 25
Q1 25
Q4 24
$147.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MRP
MRP
PLOW
PLOW
Q4 25
$5.9B
$281.4M
Q3 25
$5.9B
$275.3M
Q2 25
$5.9B
$273.3M
Q1 25
$5.9B
$258.9M
Q4 24
$264.2M
Q3 24
$260.8M
Q2 24
$236.7M
Q1 24
$217.2M
Total Assets
MRP
MRP
PLOW
PLOW
Q4 25
$9.3B
$626.7M
Q3 25
$9.0B
$694.9M
Q2 25
$8.0B
$671.5M
Q1 25
$7.2B
$621.0M
Q4 24
$590.0M
Q3 24
$665.6M
Q2 24
$617.0M
Q1 24
$577.1M
Debt / Equity
MRP
MRP
PLOW
PLOW
Q4 25
0.51×
Q3 25
Q2 25
Q1 25
Q4 24
0.56×
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
PLOW
PLOW
Operating Cash FlowLast quarter
$3.7B
$95.9M
Free Cash FlowOCF − Capex
$92.8M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
30.05×
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
PLOW
PLOW
Q4 25
$3.7B
$95.9M
Q3 25
$123.1M
$-8.5M
Q2 25
$109.1M
$-11.4M
Q1 25
$21.3M
$-1.3M
Q4 24
$74.4M
Q3 24
$-14.2M
Q2 24
$2.5M
Q1 24
$-21.6M
Free Cash Flow
MRP
MRP
PLOW
PLOW
Q4 25
$92.8M
Q3 25
$-11.4M
Q2 25
$-14.3M
Q1 25
$-3.5M
Q4 24
$70.2M
Q3 24
$-15.2M
Q2 24
$836.0K
Q1 24
$-22.4M
FCF Margin
MRP
MRP
PLOW
PLOW
Q4 25
50.3%
Q3 25
-7.1%
Q2 25
-7.4%
Q1 25
-3.0%
Q4 24
48.9%
Q3 24
-11.8%
Q2 24
0.4%
Q1 24
-23.4%
Capex Intensity
MRP
MRP
PLOW
PLOW
Q4 25
1.7%
Q3 25
1.8%
Q2 25
1.5%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
0.8%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
MRP
MRP
PLOW
PLOW
Q4 25
30.05×
7.47×
Q3 25
1.17×
-1.07×
Q2 25
0.97×
-0.44×
Q1 25
0.53×
-9.03×
Q4 24
9.41×
Q3 24
-0.44×
Q2 24
0.10×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

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