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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Rapid7, Inc. (RPD). Click either name above to swap in a different company.

Rapid7, Inc. is the larger business by last-quarter revenue ($217.4M vs $189.5M, roughly 1.1× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 1.4%, a 63.1% 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.

Rapid7, Inc. is a leading global cybersecurity company that offers a full portfolio of solutions including vulnerability management, threat detection and response, cloud security, and security analytics. It serves enterprises, SMBs, and public sector entities across industries like tech, healthcare, finance, and manufacturing worldwide, helping clients address and mitigate cyber risks efficiently.

MRP vs RPD — Head-to-Head

Bigger by revenue
RPD
RPD
1.1× larger
RPD
$217.4M
$189.5M
MRP
Higher net margin
MRP
MRP
63.1% more per $
MRP
64.5%
1.4%
RPD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
RPD
RPD
Revenue
$189.5M
$217.4M
Net Profit
$122.2M
$3.1M
Gross Margin
68.9%
Operating Margin
84.8%
1.0%
Net Margin
64.5%
1.4%
Revenue YoY
0.5%
Net Profit YoY
285.8%
44.1%
EPS (diluted)
$0.74
$0.05

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
RPD
RPD
Q4 25
$189.5M
$217.4M
Q3 25
$179.3M
$218.0M
Q2 25
$149.0M
$214.2M
Q1 25
$82.7M
$210.3M
Q4 24
$216.3M
Q3 24
$214.7M
Q2 24
$208.0M
Q1 24
$205.1M
Net Profit
MRP
MRP
RPD
RPD
Q4 25
$122.2M
$3.1M
Q3 25
$105.1M
$9.8M
Q2 25
$112.8M
$8.3M
Q1 25
$39.8M
$2.1M
Q4 24
$2.2M
Q3 24
$15.4M
Q2 24
$6.5M
Q1 24
$1.4M
Gross Margin
MRP
MRP
RPD
RPD
Q4 25
68.9%
Q3 25
70.2%
Q2 25
70.6%
Q1 25
71.7%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
70.7%
Q1 24
70.3%
Operating Margin
MRP
MRP
RPD
RPD
Q4 25
84.8%
1.0%
Q3 25
85.3%
2.7%
Q2 25
85.1%
1.6%
Q1 25
55.2%
-0.0%
Q4 24
3.4%
Q3 24
6.0%
Q2 24
2.5%
Q1 24
4.7%
Net Margin
MRP
MRP
RPD
RPD
Q4 25
64.5%
1.4%
Q3 25
58.6%
4.5%
Q2 25
75.7%
3.9%
Q1 25
48.1%
1.0%
Q4 24
1.0%
Q3 24
7.2%
Q2 24
3.1%
Q1 24
0.7%
EPS (diluted)
MRP
MRP
RPD
RPD
Q4 25
$0.74
$0.05
Q3 25
$0.63
$0.15
Q2 25
$0.68
$0.13
Q1 25
$0.39
$0.03
Q4 24
$0.08
Q3 24
$0.21
Q2 24
$0.09
Q1 24
$0.02

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
RPD
RPD
Cash + ST InvestmentsLiquidity on hand
$35.0M
$474.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$154.7M
Total Assets
$9.3B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
RPD
RPD
Q4 25
$35.0M
$474.7M
Q3 25
$242.6M
$407.1M
Q2 25
$66.6M
$511.7M
Q1 25
$89.5M
$493.5M
Q4 24
$521.7M
Q3 24
$443.7M
Q2 24
$442.6M
Q1 24
$411.7M
Stockholders' Equity
MRP
MRP
RPD
RPD
Q4 25
$5.9B
$154.7M
Q3 25
$5.9B
$127.2M
Q2 25
$5.9B
$90.4M
Q1 25
$5.9B
$52.7M
Q4 24
$17.7M
Q3 24
$-5.1M
Q2 24
$-52.6M
Q1 24
$-86.4M
Total Assets
MRP
MRP
RPD
RPD
Q4 25
$9.3B
$1.7B
Q3 25
$9.0B
$1.7B
Q2 25
$8.0B
$1.6B
Q1 25
$7.2B
$1.6B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B

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
RPD
RPD
Operating Cash FlowLast quarter
$3.7B
$37.6M
Free Cash FlowOCF − Capex
$36.4M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
30.05×
12.01×
TTM Free Cash FlowTrailing 4 quarters
$146.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
RPD
RPD
Q4 25
$3.7B
$37.6M
Q3 25
$123.1M
$39.0M
Q2 25
$109.1M
$47.5M
Q1 25
$21.3M
$29.8M
Q4 24
$63.8M
Q3 24
$44.0M
Q2 24
$32.9M
Q1 24
$31.1M
Free Cash Flow
MRP
MRP
RPD
RPD
Q4 25
$36.4M
Q3 25
$34.8M
Q2 25
$46.6M
Q1 25
$28.4M
Q4 24
$62.6M
Q3 24
$42.6M
Q2 24
$32.6M
Q1 24
$30.4M
FCF Margin
MRP
MRP
RPD
RPD
Q4 25
16.8%
Q3 25
16.0%
Q2 25
21.8%
Q1 25
13.5%
Q4 24
28.9%
Q3 24
19.9%
Q2 24
15.7%
Q1 24
14.8%
Capex Intensity
MRP
MRP
RPD
RPD
Q4 25
0.5%
Q3 25
1.9%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.5%
Q3 24
0.6%
Q2 24
0.1%
Q1 24
0.3%
Cash Conversion
MRP
MRP
RPD
RPD
Q4 25
30.05×
12.01×
Q3 25
1.17×
3.97×
Q2 25
0.97×
5.70×
Q1 25
0.53×
14.14×
Q4 24
29.36×
Q3 24
2.85×
Q2 24
5.03×
Q1 24
22.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

RPD
RPD

Products$209.1M96%
Services$8.2M4%

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