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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $175.3M, roughly 1.1× QUALYS, INC.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 30.3%, a 34.2% 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.

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

MRP vs QLYS — Head-to-Head

Bigger by revenue
MRP
MRP
1.1× larger
MRP
$189.5M
$175.3M
QLYS
Higher net margin
MRP
MRP
34.2% more per $
MRP
64.5%
30.3%
QLYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
QLYS
QLYS
Revenue
$189.5M
$175.3M
Net Profit
$122.2M
$53.1M
Gross Margin
83.4%
Operating Margin
84.8%
33.6%
Net Margin
64.5%
30.3%
Revenue YoY
10.1%
Net Profit YoY
285.8%
20.9%
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.

Revenue
MRP
MRP
QLYS
QLYS
Q4 25
$189.5M
$175.3M
Q3 25
$179.3M
$169.9M
Q2 25
$149.0M
$164.1M
Q1 25
$82.7M
$159.9M
Q4 24
$159.2M
Q3 24
$153.9M
Q2 24
$148.7M
Q1 24
$145.8M
Net Profit
MRP
MRP
QLYS
QLYS
Q4 25
$122.2M
$53.1M
Q3 25
$105.1M
$50.3M
Q2 25
$112.8M
$47.3M
Q1 25
$39.8M
$47.5M
Q4 24
$44.0M
Q3 24
$46.2M
Q2 24
$43.8M
Q1 24
$39.7M
Gross Margin
MRP
MRP
QLYS
QLYS
Q4 25
83.4%
Q3 25
83.6%
Q2 25
82.4%
Q1 25
81.9%
Q4 24
81.8%
Q3 24
81.3%
Q2 24
82.2%
Q1 24
81.3%
Operating Margin
MRP
MRP
QLYS
QLYS
Q4 25
84.8%
33.6%
Q3 25
85.3%
35.3%
Q2 25
85.1%
31.3%
Q1 25
55.2%
32.4%
Q4 24
31.0%
Q3 24
29.2%
Q2 24
32.3%
Q1 24
30.7%
Net Margin
MRP
MRP
QLYS
QLYS
Q4 25
64.5%
30.3%
Q3 25
58.6%
29.6%
Q2 25
75.7%
28.8%
Q1 25
48.1%
29.7%
Q4 24
27.6%
Q3 24
30.0%
Q2 24
29.4%
Q1 24
27.2%
EPS (diluted)
MRP
MRP
QLYS
QLYS
Q4 25
$0.74
$1.47
Q3 25
$0.63
$1.39
Q2 25
$0.68
$1.29
Q1 25
$0.39
$1.29
Q4 24
$1.19
Q3 24
$1.24
Q2 24
$1.17
Q1 24
$1.05

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
QLYS
QLYS
Cash + ST InvestmentsLiquidity on hand
$35.0M
$250.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$561.2M
Total Assets
$9.3B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
QLYS
QLYS
Q4 25
$35.0M
$250.3M
Q3 25
$242.6M
$225.3M
Q2 25
$66.6M
$194.0M
Q1 25
$89.5M
$290.7M
Q4 24
$232.2M
Q3 24
$235.4M
Q2 24
$281.2M
Q1 24
$273.8M
Stockholders' Equity
MRP
MRP
QLYS
QLYS
Q4 25
$5.9B
$561.2M
Q3 25
$5.9B
$529.4M
Q2 25
$5.9B
$508.2M
Q1 25
$5.9B
$498.0M
Q4 24
$477.1M
Q3 24
$449.6M
Q2 24
$427.8M
Q1 24
$404.2M
Total Assets
MRP
MRP
QLYS
QLYS
Q4 25
$9.3B
$1.1B
Q3 25
$9.0B
$1.0B
Q2 25
$8.0B
$999.5M
Q1 25
$7.2B
$996.5M
Q4 24
$973.5M
Q3 24
$908.3M
Q2 24
$876.6M
Q1 24
$861.8M

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
QLYS
QLYS
Operating Cash FlowLast quarter
$3.7B
$75.7M
Free Cash FlowOCF − Capex
$74.9M
FCF MarginFCF / Revenue
42.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
30.05×
1.42×
TTM Free Cash FlowTrailing 4 quarters
$304.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
QLYS
QLYS
Q4 25
$3.7B
$75.7M
Q3 25
$123.1M
$90.4M
Q2 25
$109.1M
$33.8M
Q1 25
$21.3M
$109.6M
Q4 24
$47.7M
Q3 24
$61.0M
Q2 24
$49.8M
Q1 24
$85.5M
Free Cash Flow
MRP
MRP
QLYS
QLYS
Q4 25
$74.9M
Q3 25
$89.5M
Q2 25
$32.4M
Q1 25
$107.5M
Q4 24
$41.9M
Q3 24
$57.6M
Q2 24
$48.8M
Q1 24
$83.5M
FCF Margin
MRP
MRP
QLYS
QLYS
Q4 25
42.8%
Q3 25
52.7%
Q2 25
19.8%
Q1 25
67.3%
Q4 24
26.3%
Q3 24
37.4%
Q2 24
32.8%
Q1 24
57.2%
Capex Intensity
MRP
MRP
QLYS
QLYS
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.8%
Q1 25
1.3%
Q4 24
3.7%
Q3 24
2.2%
Q2 24
0.7%
Q1 24
1.4%
Cash Conversion
MRP
MRP
QLYS
QLYS
Q4 25
30.05×
1.42×
Q3 25
1.17×
1.80×
Q2 25
0.97×
0.71×
Q1 25
0.53×
2.31×
Q4 24
1.09×
Q3 24
1.32×
Q2 24
1.14×
Q1 24
2.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

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