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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $119.7M, roughly 1.6× SunCar Technology Group Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -1.6%, a 66.1% 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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

MRP vs SDA — Head-to-Head

Bigger by revenue
MRP
MRP
1.6× larger
MRP
$189.5M
$119.7M
SDA
Higher net margin
MRP
MRP
66.1% more per $
MRP
64.5%
-1.6%
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MRP
MRP
SDA
SDA
Revenue
$189.5M
$119.7M
Net Profit
$122.2M
$-1.9M
Gross Margin
Operating Margin
84.8%
1.5%
Net Margin
64.5%
-1.6%
Revenue YoY
Net Profit YoY
285.8%
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
SDA
SDA
Q4 25
$189.5M
Q3 25
$179.3M
Q2 25
$149.0M
$119.7M
Q1 25
$82.7M
$102.6M
Q3 24
$109.6M
Net Profit
MRP
MRP
SDA
SDA
Q4 25
$122.2M
Q3 25
$105.1M
Q2 25
$112.8M
$-1.9M
Q1 25
$39.8M
$-3.6M
Q3 24
$-2.2M
Operating Margin
MRP
MRP
SDA
SDA
Q4 25
84.8%
Q3 25
85.3%
Q2 25
85.1%
1.5%
Q1 25
55.2%
-2.9%
Q3 24
0.2%
Net Margin
MRP
MRP
SDA
SDA
Q4 25
64.5%
Q3 25
58.6%
Q2 25
75.7%
-1.6%
Q1 25
48.1%
-3.6%
Q3 24
-2.0%
EPS (diluted)
MRP
MRP
SDA
SDA
Q4 25
$0.74
Q3 25
$0.63
Q2 25
$0.68
Q1 25
$0.39
$-0.03
Q3 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$35.0M
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$29.4M
Total Assets
$9.3B
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
SDA
SDA
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$66.6M
$45.7M
Q1 25
$89.5M
$60.5M
Q3 24
$42.0M
Stockholders' Equity
MRP
MRP
SDA
SDA
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$5.9B
$29.4M
Q1 25
$5.9B
$34.8M
Q3 24
$17.7M
Total Assets
MRP
MRP
SDA
SDA
Q4 25
$9.3B
Q3 25
$9.0B
Q2 25
$8.0B
$277.5M
Q1 25
$7.2B
$276.7M
Q3 24
$252.1M

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
SDA
SDA
Operating Cash FlowLast quarter
$3.7B
$9.0K
Free Cash FlowOCF − Capex
$3.0K
FCF MarginFCF / Revenue
0.0%
Capex IntensityCapex / Revenue
0.0%
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
SDA
SDA
Q4 25
$3.7B
Q3 25
$123.1M
Q2 25
$109.1M
$9.0K
Q1 25
$21.3M
$-9.3M
Q3 24
$3.8M
Free Cash Flow
MRP
MRP
SDA
SDA
Q4 25
Q3 25
Q2 25
$3.0K
Q1 25
$-9.3M
Q3 24
$3.5M
FCF Margin
MRP
MRP
SDA
SDA
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
-9.0%
Q3 24
3.2%
Capex Intensity
MRP
MRP
SDA
SDA
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.3%
Cash Conversion
MRP
MRP
SDA
SDA
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
Q3 24

Financial Flow Comparison

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

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