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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $168.3M, roughly 1.1× PARK NATIONAL CORP). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 25.3%, a 39.2% 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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
MRP vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $168.3M |
| Net Profit | $122.2M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | 84.8% | — |
| Net Margin | 64.5% | 25.3% |
| Revenue YoY | — | 2.2% |
| Net Profit YoY | 285.8% | 10.4% |
| EPS (diluted) | $0.74 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $179.3M | $169.5M | ||
| Q2 25 | $149.0M | $168.7M | ||
| Q1 25 | $82.7M | $157.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $157.7M | ||
| Q1 24 | — | $152.8M |
| Q4 25 | $122.2M | $42.6M | ||
| Q3 25 | $105.1M | $47.2M | ||
| Q2 25 | $112.8M | $48.1M | ||
| Q1 25 | $39.8M | $42.2M | ||
| Q4 24 | — | $38.6M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $39.4M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | 84.8% | — | ||
| Q3 25 | 85.3% | 34.3% | ||
| Q2 25 | 85.1% | 35.2% | ||
| Q1 25 | 55.2% | 32.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | 64.5% | 25.3% | ||
| Q3 25 | 58.6% | 27.8% | ||
| Q2 25 | 75.7% | 28.5% | ||
| Q1 25 | 48.1% | 26.7% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 23.0% |
| Q4 25 | $0.74 | $2.62 | ||
| Q3 25 | $0.63 | $2.92 | ||
| Q2 25 | $0.68 | $2.97 | ||
| Q1 25 | $0.39 | $2.60 | ||
| Q4 24 | — | $2.38 | ||
| Q3 24 | — | $2.35 | ||
| Q2 24 | — | $2.42 | ||
| Q1 24 | — | $2.17 |
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 | $233.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $1.4B |
| Total Assets | $9.3B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | $233.5M | ||
| Q3 25 | $242.6M | $218.9M | ||
| Q2 25 | $66.6M | $193.1M | ||
| Q1 25 | $89.5M | $237.6M | ||
| Q4 24 | — | $160.6M | ||
| Q3 24 | — | $201.7M | ||
| Q2 24 | — | $261.5M | ||
| Q1 24 | — | $306.1M |
| Q4 25 | $5.9B | $1.4B | ||
| Q3 25 | $5.9B | $1.3B | ||
| Q2 25 | $5.9B | $1.3B | ||
| Q1 25 | $5.9B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $9.3B | $9.8B | ||
| Q3 25 | $9.0B | $9.9B | ||
| Q2 25 | $8.0B | $9.9B | ||
| Q1 25 | $7.2B | $9.9B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | — | $9.9B | ||
| Q2 24 | — | $9.9B | ||
| Q1 24 | — | $9.9B |
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 | $198.3M |
| Free Cash FlowOCF − Capex | — | $191.9M |
| FCF MarginFCF / Revenue | — | 114.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 30.05× | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $198.3M | ||
| Q3 25 | $123.1M | $52.6M | ||
| Q2 25 | $109.1M | $49.7M | ||
| Q1 25 | $21.3M | $37.9M | ||
| Q4 24 | — | $178.8M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $50.9M | ||
| Q1 24 | — | $35.0M |
| Q4 25 | — | $191.9M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | $169.7M | ||
| Q3 24 | — | $41.7M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $31.9M |
| Q4 25 | — | 114.1% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 103.0% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 20.8% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 30.05× | 4.65× | ||
| Q3 25 | 1.17× | 1.11× | ||
| Q2 25 | 0.97× | 1.03× | ||
| Q1 25 | 0.53× | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
