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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $121.1M, roughly 1.6× Porch Group, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -3.9%, a 68.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
MRP vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $121.1M |
| Net Profit | $122.2M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 84.8% | 34.7% |
| Net Margin | 64.5% | -3.9% |
| Revenue YoY | — | 100.0% |
| Net Profit YoY | 285.8% | 2.0% |
| EPS (diluted) | $0.74 | $-0.04 |
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 | — | $121.1M | ||
| Q4 25 | $189.5M | $112.3M | ||
| Q3 25 | $179.3M | $115.1M | ||
| Q2 25 | $149.0M | $107.0M | ||
| Q1 25 | $82.7M | $84.5M | ||
| Q4 24 | — | $75.3M | ||
| Q3 24 | — | $77.7M | ||
| Q2 24 | — | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $122.2M | $-3.5M | ||
| Q3 25 | $105.1M | $-10.9M | ||
| Q2 25 | $112.8M | $2.6M | ||
| Q1 25 | $39.8M | $8.4M | ||
| Q4 24 | — | $30.5M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 84.8% | 14.7% | ||
| Q3 25 | 85.3% | 14.2% | ||
| Q2 25 | 85.1% | 4.7% | ||
| Q1 25 | 55.2% | -1.5% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | -3.2% | ||
| Q2 24 | — | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 64.5% | -3.1% | ||
| Q3 25 | 58.6% | -9.4% | ||
| Q2 25 | 75.7% | 2.4% | ||
| Q1 25 | 48.1% | 9.9% | ||
| Q4 24 | — | 40.5% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.74 | $0.00 | ||
| Q3 25 | $0.63 | $-0.10 | ||
| Q2 25 | $0.68 | $0.00 | ||
| Q1 25 | $0.39 | $0.07 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | — | $391.3M |
| Stockholders' EquityBook value | $5.9B | $26.3M |
| Total Assets | $9.3B | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $35.0M | $57.3M | ||
| Q3 25 | $242.6M | $85.0M | ||
| Q2 25 | $66.6M | $79.8M | ||
| Q1 25 | $89.5M | $70.4M | ||
| Q4 24 | — | $191.7M | ||
| Q3 24 | — | $238.6M | ||
| Q2 24 | — | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | — | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | — | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $5.9B | $-24.6M | ||
| Q3 25 | $5.9B | $-27.9M | ||
| Q2 25 | $5.9B | $-29.3M | ||
| Q1 25 | $5.9B | $-52.4M | ||
| Q4 24 | — | $-43.2M | ||
| Q3 24 | — | $-77.0M | ||
| Q2 24 | — | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $9.3B | $797.4M | ||
| Q3 25 | $9.0B | $787.7M | ||
| Q2 25 | $8.0B | $770.7M | ||
| Q1 25 | $7.2B | $802.3M | ||
| Q4 24 | — | $814.0M | ||
| Q3 24 | — | $867.3M | ||
| Q2 24 | — | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 30.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $1.2M | ||
| Q3 25 | $123.1M | $40.8M | ||
| Q2 25 | $109.1M | $35.6M | ||
| Q1 25 | $21.3M | $-11.2M | ||
| Q4 24 | — | $-26.6M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | — | $35.4M | ||
| Q1 25 | — | $-11.2M | ||
| Q4 24 | — | $-26.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | -13.3% | ||
| Q4 24 | — | -35.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 30.05× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 0.97× | 13.79× | ||
| Q1 25 | 0.53× | -1.33× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
