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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and TRICO BANCSHARES (TCBK). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $109.4M, roughly 1.8× TRICO BANCSHARES ). TRICO BANCSHARES runs the higher net margin — 251.6% vs 63.0%, a 188.6% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 9.0%).
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.
Trico Bancshares is a U.S.-headquartered regional bank holding company operating Tri Counties Bank. It offers a full range of retail and commercial banking services including deposit products, mortgages, small business loans, and wealth management, primarily serving consumers and SMEs in Northern California.
MRP vs TCBK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $194.9M | $109.4M |
| Net Profit | $122.9M | $33.6M |
| Gross Margin | — | — |
| Operating Margin | 85.2% | 42.6% |
| Net Margin | 63.0% | 251.6% |
| Revenue YoY | 135.7% | 9.0% |
| Net Profit YoY | 208.7% | 15.8% |
| EPS (diluted) | $0.74 | $1.02 |
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.
| Q1 26 | $194.9M | — | ||
| Q4 25 | $189.5M | $109.4M | ||
| Q3 25 | $179.3M | $107.6M | ||
| Q2 25 | $149.0M | $103.6M | ||
| Q1 25 | $82.7M | $98.6M | ||
| Q4 24 | — | $100.4M | ||
| Q3 24 | — | $99.1M | ||
| Q2 24 | — | $97.9M |
| Q1 26 | $122.9M | — | ||
| Q4 25 | $122.2M | $33.6M | ||
| Q3 25 | $105.1M | $34.0M | ||
| Q2 25 | $112.8M | $27.5M | ||
| Q1 25 | $39.8M | $26.4M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $29.1M | ||
| Q2 24 | — | $29.0M |
| Q1 26 | 85.2% | — | ||
| Q4 25 | 84.8% | 42.6% | ||
| Q3 25 | 85.3% | 43.2% | ||
| Q2 25 | 85.1% | 36.5% | ||
| Q1 25 | 55.2% | 35.8% | ||
| Q4 24 | — | 38.7% | ||
| Q3 24 | — | 39.8% | ||
| Q2 24 | — | 40.0% |
| Q1 26 | 63.0% | — | ||
| Q4 25 | 64.5% | 251.6% | ||
| Q3 25 | 58.6% | 31.6% | ||
| Q2 25 | 75.7% | 26.6% | ||
| Q1 25 | 48.1% | 26.7% | ||
| Q4 24 | — | 221.4% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 29.7% |
| Q1 26 | $0.74 | — | ||
| Q4 25 | $0.74 | $1.02 | ||
| Q3 25 | $0.63 | $1.04 | ||
| Q2 25 | $0.68 | $0.84 | ||
| Q1 25 | $0.39 | $0.80 | ||
| Q4 24 | — | $0.88 | ||
| Q3 24 | — | $0.88 | ||
| Q2 24 | — | $0.87 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $1.3B |
| Total Assets | $9.6B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $35.0M | $157.0M | ||
| Q3 25 | $242.6M | $298.8M | ||
| Q2 25 | $66.6M | $314.3M | ||
| Q1 25 | $89.5M | $308.3M | ||
| Q4 24 | — | $145.0M | ||
| Q3 24 | — | $320.1M | ||
| Q2 24 | — | $206.6M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.9B | $1.3B | ||
| Q2 25 | $5.9B | $1.3B | ||
| Q1 25 | $5.9B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $9.6B | — | ||
| Q4 25 | $9.3B | $9.8B | ||
| Q3 25 | $9.0B | $9.9B | ||
| Q2 25 | $8.0B | $9.9B | ||
| Q1 25 | $7.2B | $9.8B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | — | $9.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $133.3M |
| Free Cash FlowOCF − Capex | — | $127.9M |
| FCF MarginFCF / Revenue | — | 116.9% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $222.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $133.3M | ||
| Q3 25 | $123.1M | $45.1M | ||
| Q2 25 | $109.1M | $29.2M | ||
| Q1 25 | $21.3M | $24.5M | ||
| Q4 24 | — | $109.7M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $31.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $127.9M | ||
| Q3 25 | — | $43.2M | ||
| Q2 25 | — | $28.2M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | — | $105.2M | ||
| Q3 24 | — | $27.3M | ||
| Q2 24 | — | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 116.9% | ||
| Q3 25 | — | 40.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 104.8% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 30.05× | 3.96× | ||
| Q3 25 | 1.17× | 1.33× | ||
| Q2 25 | 0.97× | 1.06× | ||
| Q1 25 | 0.53× | 0.93× | ||
| Q4 24 | — | 3.78× | ||
| Q3 24 | — | 0.98× | ||
| Q2 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
TCBK
Segment breakdown not available.
