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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and QUHUO Ltd (QH). Click either name above to swap in a different company.

Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $157.9M, roughly 1.2× QUHUO Ltd).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

MRP vs QH — Head-to-Head

Bigger by revenue
MRP
MRP
1.2× larger
MRP
$194.9M
$157.9M
QH

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
MRP
MRP
QH
QH
Revenue
$194.9M
$157.9M
Net Profit
$122.9M
Gross Margin
Operating Margin
85.2%
Net Margin
63.0%
Revenue YoY
135.7%
Net Profit YoY
208.7%
EPS (diluted)
$0.74

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
QH
QH
Q1 26
$194.9M
Q4 25
$189.5M
Q3 25
$179.3M
Q2 25
$149.0M
$157.9M
Q1 25
$82.7M
Q2 24
$222.9M
Net Profit
MRP
MRP
QH
QH
Q1 26
$122.9M
Q4 25
$122.2M
Q3 25
$105.1M
Q2 25
$112.8M
Q1 25
$39.8M
Q2 24
$-6.4M
Gross Margin
MRP
MRP
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
1.5%
Operating Margin
MRP
MRP
QH
QH
Q1 26
85.2%
Q4 25
84.8%
Q3 25
85.3%
Q2 25
85.1%
Q1 25
55.2%
Q2 24
-2.7%
Net Margin
MRP
MRP
QH
QH
Q1 26
63.0%
Q4 25
64.5%
Q3 25
58.6%
Q2 25
75.7%
Q1 25
48.1%
Q2 24
-2.9%
EPS (diluted)
MRP
MRP
QH
QH
Q1 26
$0.74
Q4 25
$0.74
Q3 25
$0.63
Q2 25
$0.68
Q1 25
$0.39
Q2 24

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
QH
QH
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
$858.0K
Stockholders' EquityBook value
$5.9B
$57.4M
Total Assets
$9.6B
$118.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
QH
QH
Q1 26
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$66.6M
$4.3M
Q1 25
$89.5M
Q2 24
$14.3M
Total Debt
MRP
MRP
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
$858.0K
Q1 25
Q2 24
$1.2M
Stockholders' Equity
MRP
MRP
QH
QH
Q1 26
$5.9B
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$5.9B
$57.4M
Q1 25
$5.9B
Q2 24
$64.6M
Total Assets
MRP
MRP
QH
QH
Q1 26
$9.6B
Q4 25
$9.3B
Q3 25
$9.0B
Q2 25
$8.0B
$118.4M
Q1 25
$7.2B
Q2 24
$135.0M
Debt / Equity
MRP
MRP
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q2 24
0.02×

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
QH
QH
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
QH
QH
Q1 26
Q4 25
$3.7B
Q3 25
$123.1M
Q2 25
$109.1M
$-5.8M
Q1 25
$21.3M
Q2 24
Cash Conversion
MRP
MRP
QH
QH
Q1 26
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Option fee revenues$185.3M95%
Development loan income$9.6M5%

QH
QH

Segment breakdown not available.

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