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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $158.6M, roughly 1.2× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 63.0%, a 8.1% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 135.7%).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

MRP vs STOK — Head-to-Head

Bigger by revenue
MRP
MRP
1.2× larger
MRP
$194.9M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3525.4% gap
STOK
3661.1%
135.7%
MRP
Higher net margin
STOK
STOK
8.1% more per $
STOK
71.2%
63.0%
MRP

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
MRP
MRP
STOK
STOK
Revenue
$194.9M
$158.6M
Net Profit
$122.9M
$112.9M
Gross Margin
Operating Margin
85.2%
70.2%
Net Margin
63.0%
71.2%
Revenue YoY
135.7%
3661.1%
Net Profit YoY
208.7%
528.0%
EPS (diluted)
$0.74
$1.90

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
STOK
STOK
Q1 26
$194.9M
Q4 25
$189.5M
Q3 25
$179.3M
Q2 25
$149.0M
Q1 25
$82.7M
$158.6M
Q4 24
$22.6M
Q2 23
$-2.5M
Net Profit
MRP
MRP
STOK
STOK
Q1 26
$122.9M
Q4 25
$122.2M
Q3 25
$105.1M
Q2 25
$112.8M
Q1 25
$39.8M
$112.9M
Q4 24
$-10.5M
Q2 23
$-30.7M
Operating Margin
MRP
MRP
STOK
STOK
Q1 26
85.2%
Q4 25
84.8%
Q3 25
85.3%
Q2 25
85.1%
Q1 25
55.2%
70.2%
Q4 24
-60.4%
Q2 23
1340.7%
Net Margin
MRP
MRP
STOK
STOK
Q1 26
63.0%
Q4 25
64.5%
Q3 25
58.6%
Q2 25
75.7%
Q1 25
48.1%
71.2%
Q4 24
-46.4%
Q2 23
1235.6%
EPS (diluted)
MRP
MRP
STOK
STOK
Q1 26
$0.74
Q4 25
$0.74
Q3 25
$0.63
Q2 25
$0.68
Q1 25
$0.39
$1.90
Q4 24
$-0.15
Q2 23
$-0.69

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$350.1M
Total Assets
$9.6B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
STOK
STOK
Q1 26
Q4 25
$35.0M
Q3 25
$242.6M
Q2 25
$66.6M
Q1 25
$89.5M
$274.8M
Q4 24
$128.0M
Q2 23
$192.1M
Stockholders' Equity
MRP
MRP
STOK
STOK
Q1 26
$5.9B
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$5.9B
Q1 25
$5.9B
$350.1M
Q4 24
$229.0M
Q2 23
$190.2M
Total Assets
MRP
MRP
STOK
STOK
Q1 26
$9.6B
Q4 25
$9.3B
Q3 25
$9.0B
Q2 25
$8.0B
Q1 25
$7.2B
$406.9M
Q4 24
$271.6M
Q2 23
$256.9M

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
STOK
STOK
Operating Cash FlowLast quarter
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
STOK
STOK
Q1 26
Q4 25
$3.7B
Q3 25
$123.1M
Q2 25
$109.1M
Q1 25
$21.3M
$131.8M
Q4 24
$-23.2M
Q2 23
$-21.8M
Free Cash Flow
MRP
MRP
STOK
STOK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q2 23
$-22.6M
FCF Margin
MRP
MRP
STOK
STOK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q2 23
912.5%
Capex Intensity
MRP
MRP
STOK
STOK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q2 23
-33.8%
Cash Conversion
MRP
MRP
STOK
STOK
Q1 26
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
1.17×
Q4 24
Q2 23

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%

STOK
STOK

Segment breakdown not available.

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