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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $153.1M, roughly 1.2× CPI Card Group Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 4.8%, a 59.7% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
MRP vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $153.1M |
| Net Profit | $122.2M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 84.8% | 12.0% |
| Net Margin | 64.5% | 4.8% |
| Revenue YoY | — | 22.3% |
| Net Profit YoY | 285.8% | 8.5% |
| EPS (diluted) | $0.74 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $179.3M | $138.0M | ||
| Q2 25 | $149.0M | $129.8M | ||
| Q1 25 | $82.7M | $122.8M | ||
| Q4 24 | — | $125.1M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $118.8M | ||
| Q1 24 | — | $111.9M |
| Q4 25 | $122.2M | $7.3M | ||
| Q3 25 | $105.1M | $2.3M | ||
| Q2 25 | $112.8M | $518.0K | ||
| Q1 25 | $39.8M | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 84.8% | 12.0% | ||
| Q3 25 | 85.3% | 9.4% | ||
| Q2 25 | 85.1% | 7.3% | ||
| Q1 25 | 55.2% | 11.5% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 64.5% | 4.8% | ||
| Q3 25 | 58.6% | 1.7% | ||
| Q2 25 | 75.7% | 0.4% | ||
| Q1 25 | 48.1% | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | $0.74 | $0.62 | ||
| Q3 25 | $0.63 | $0.19 | ||
| Q2 25 | $0.68 | $0.04 | ||
| Q1 25 | $0.39 | $0.40 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $5.9B | $-17.3M |
| Total Assets | $9.3B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | $21.7M | ||
| Q3 25 | $242.6M | $16.0M | ||
| Q2 25 | $66.6M | $17.1M | ||
| Q1 25 | $89.5M | $31.5M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | — | $14.7M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $5.9B | $-17.3M | ||
| Q3 25 | $5.9B | $-25.7M | ||
| Q2 25 | $5.9B | $-29.0M | ||
| Q1 25 | $5.9B | $-29.7M | ||
| Q4 24 | — | $-35.6M | ||
| Q3 24 | — | $-42.8M | ||
| Q2 24 | — | $-44.6M | ||
| Q1 24 | — | $-48.5M |
| Q4 25 | $9.3B | $403.2M | ||
| Q3 25 | $9.0B | $407.1M | ||
| Q2 25 | $8.0B | $399.8M | ||
| Q1 25 | $7.2B | $351.9M | ||
| Q4 24 | — | $349.7M | ||
| Q3 24 | — | $342.3M | ||
| Q2 24 | — | $321.4M | ||
| Q1 24 | — | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | 30.05× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $39.6M | ||
| Q3 25 | $123.1M | $10.0M | ||
| Q2 25 | $109.1M | $4.3M | ||
| Q1 25 | $21.3M | $5.6M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | — | $-4.8M | ||
| Q1 24 | — | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 30.05× | 5.39× | ||
| Q3 25 | 1.17× | 4.32× | ||
| Q2 25 | 0.97× | 8.39× | ||
| Q1 25 | 0.53× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
