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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $189.5M, roughly 1.8× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 17.0%, a 47.5% 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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
MRP vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $333.4M |
| Net Profit | $122.2M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 84.8% | 37.7% |
| Net Margin | 64.5% | 17.0% |
| Revenue YoY | — | 13.7% |
| Net Profit YoY | 285.8% | 206.3% |
| EPS (diluted) | $0.74 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $179.3M | $311.1M | ||
| Q2 25 | $149.0M | $287.7M | ||
| Q1 25 | $82.7M | $269.6M | ||
| Q4 24 | — | $293.2M | ||
| Q3 24 | — | $281.5M | ||
| Q2 24 | — | $284.2M | ||
| Q1 24 | — | $255.6M |
| Q4 25 | $122.2M | $56.5M | ||
| Q3 25 | $105.1M | $-407.7M | ||
| Q2 25 | $112.8M | $42.4M | ||
| Q1 25 | $39.8M | $3.7M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | — | $21.5M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | 84.8% | 37.7% | ||
| Q3 25 | 85.3% | -101.4% | ||
| Q2 25 | 85.1% | 29.6% | ||
| Q1 25 | 55.2% | 27.7% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 32.0% | ||
| Q2 24 | — | 31.4% | ||
| Q1 24 | — | 26.0% |
| Q4 25 | 64.5% | 17.0% | ||
| Q3 25 | 58.6% | -131.0% | ||
| Q2 25 | 75.7% | 14.7% | ||
| Q1 25 | 48.1% | 1.4% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | $0.74 | $1.47 | ||
| Q3 25 | $0.63 | $-10.43 | ||
| Q2 25 | $0.68 | $1.08 | ||
| Q1 25 | $0.39 | $0.09 | ||
| Q4 24 | — | $0.47 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $979.9M |
| Total Assets | $9.3B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | $104.4M | ||
| Q3 25 | $242.6M | $107.5M | ||
| Q2 25 | $66.6M | $131.6M | ||
| Q1 25 | $89.5M | $128.7M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $141.1M | ||
| Q2 24 | — | $118.9M | ||
| Q1 24 | — | $108.1M |
| Q4 25 | $5.9B | $979.9M | ||
| Q3 25 | $5.9B | $928.5M | ||
| Q2 25 | $5.9B | $1.3B | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $9.3B | $5.1B | ||
| Q3 25 | $9.0B | $5.0B | ||
| Q2 25 | $8.0B | $5.4B | ||
| Q1 25 | $7.2B | $5.1B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $4.5B |
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 | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 30.05× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $-85.5M | ||
| Q3 25 | $123.1M | $-10.1M | ||
| Q2 25 | $109.1M | $-12.9M | ||
| Q1 25 | $21.3M | $-52.6M | ||
| Q4 24 | — | $-94.6M | ||
| Q3 24 | — | $-35.0M | ||
| Q2 24 | — | $-29.5M | ||
| Q1 24 | — | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 30.05× | -1.51× | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 0.97× | -0.30× | ||
| Q1 25 | 0.53× | -14.37× | ||
| Q4 24 | — | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | — | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
