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

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $189.5M, roughly 1.1× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 18.8%, a 45.7% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

MRP vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.1× larger
RAMP
$212.2M
$189.5M
MRP
Higher net margin
MRP
MRP
45.7% more per $
MRP
64.5%
18.8%
RAMP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MRP
MRP
RAMP
RAMP
Revenue
$189.5M
$212.2M
Net Profit
$122.2M
$39.9M
Gross Margin
71.9%
Operating Margin
84.8%
18.6%
Net Margin
64.5%
18.8%
Revenue YoY
8.6%
Net Profit YoY
285.8%
255.7%
EPS (diluted)
$0.74
$0.62

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.

Revenue
MRP
MRP
RAMP
RAMP
Q4 25
$189.5M
$212.2M
Q3 25
$179.3M
$199.8M
Q2 25
$149.0M
$194.8M
Q1 25
$82.7M
$188.7M
Q4 24
$195.4M
Q3 24
$185.5M
Q2 24
$176.0M
Q1 24
$171.9M
Net Profit
MRP
MRP
RAMP
RAMP
Q4 25
$122.2M
$39.9M
Q3 25
$105.1M
$27.4M
Q2 25
$112.8M
$7.7M
Q1 25
$39.8M
$-6.3M
Q4 24
$11.2M
Q3 24
$1.7M
Q2 24
$-7.5M
Q1 24
$-5.4M
Gross Margin
MRP
MRP
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
MRP
MRP
RAMP
RAMP
Q4 25
84.8%
18.6%
Q3 25
85.3%
10.7%
Q2 25
85.1%
3.7%
Q1 25
55.2%
-6.1%
Q4 24
7.5%
Q3 24
4.0%
Q2 24
-3.0%
Q1 24
-8.3%
Net Margin
MRP
MRP
RAMP
RAMP
Q4 25
64.5%
18.8%
Q3 25
58.6%
13.7%
Q2 25
75.7%
4.0%
Q1 25
48.1%
-3.3%
Q4 24
5.7%
Q3 24
0.9%
Q2 24
-4.3%
Q1 24
-3.1%
EPS (diluted)
MRP
MRP
RAMP
RAMP
Q4 25
$0.74
$0.62
Q3 25
$0.63
$0.42
Q2 25
$0.68
$0.12
Q1 25
$0.39
$-0.10
Q4 24
$0.17
Q3 24
$0.03
Q2 24
$-0.11
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$35.0M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$962.3M
Total Assets
$9.3B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
RAMP
RAMP
Q4 25
$35.0M
$403.4M
Q3 25
$242.6M
$376.9M
Q2 25
$66.6M
$371.1M
Q1 25
$89.5M
$420.8M
Q4 24
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Q1 24
$368.9M
Stockholders' Equity
MRP
MRP
RAMP
RAMP
Q4 25
$5.9B
$962.3M
Q3 25
$5.9B
$943.8M
Q2 25
$5.9B
$947.8M
Q1 25
$5.9B
$948.9M
Q4 24
$957.7M
Q3 24
$932.1M
Q2 24
$951.9M
Q1 24
$949.1M
Total Assets
MRP
MRP
RAMP
RAMP
Q4 25
$9.3B
$1.3B
Q3 25
$9.0B
$1.2B
Q2 25
$8.0B
$1.2B
Q1 25
$7.2B
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B

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
RAMP
RAMP
Operating Cash FlowLast quarter
$3.7B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
30.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
RAMP
RAMP
Q4 25
$3.7B
Q3 25
$123.1M
$57.4M
Q2 25
$109.1M
$-15.8M
Q1 25
$21.3M
Q4 24
$45.1M
Q3 24
$55.6M
Q2 24
$-9.3M
Q1 24
Free Cash Flow
MRP
MRP
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
MRP
MRP
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
MRP
MRP
RAMP
RAMP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
MRP
MRP
RAMP
RAMP
Q4 25
30.05×
Q3 25
1.17×
2.09×
Q2 25
0.97×
-2.04×
Q1 25
0.53×
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24

Financial Flow Comparison

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

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