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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $103.6M, roughly 1.8× TACTILE SYSTEMS TECHNOLOGY INC). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 10.3%, a 54.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
MRP vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $103.6M |
| Net Profit | $122.2M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 84.8% | 18.1% |
| Net Margin | 64.5% | 10.3% |
| Revenue YoY | — | 21.0% |
| Net Profit YoY | 285.8% | 9.4% |
| EPS (diluted) | $0.74 | $0.45 |
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.
| Q4 25 | $189.5M | $103.6M | ||
| Q3 25 | $179.3M | $85.8M | ||
| Q2 25 | $149.0M | $78.9M | ||
| Q1 25 | $82.7M | $61.3M | ||
| Q4 24 | — | $85.6M | ||
| Q3 24 | — | $73.1M | ||
| Q2 24 | — | $73.2M | ||
| Q1 24 | — | $61.1M |
| Q4 25 | $122.2M | $10.6M | ||
| Q3 25 | $105.1M | $8.2M | ||
| Q2 25 | $112.8M | $3.2M | ||
| Q1 25 | $39.8M | $-3.0M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | — | $5.2M | ||
| Q2 24 | — | $4.3M | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 84.8% | 18.1% | ||
| Q3 25 | 85.3% | 12.8% | ||
| Q2 25 | 85.1% | 5.2% | ||
| Q1 25 | 55.2% | -7.4% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | -4.9% |
| Q4 25 | 64.5% | 10.3% | ||
| Q3 25 | 58.6% | 9.6% | ||
| Q2 25 | 75.7% | 4.1% | ||
| Q1 25 | 48.1% | -4.9% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | -3.6% |
| Q4 25 | $0.74 | $0.45 | ||
| Q3 25 | $0.63 | $0.36 | ||
| Q2 25 | $0.68 | $0.14 | ||
| Q1 25 | $0.39 | $-0.13 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $35.0M | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $5.9B | $218.9M |
| Total Assets | $9.3B | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | $83.4M | ||
| Q3 25 | $242.6M | $66.0M | ||
| Q2 25 | $66.6M | $81.5M | ||
| Q1 25 | $89.5M | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | — | $82.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $5.9B | $218.9M | ||
| Q3 25 | $5.9B | $204.9M | ||
| Q2 25 | $5.9B | $194.9M | ||
| Q1 25 | $5.9B | $205.6M | ||
| Q4 24 | — | $216.6M | ||
| Q3 24 | — | $207.9M | ||
| Q2 24 | — | $200.7M | ||
| Q1 24 | — | $193.5M |
| Q4 25 | $9.3B | $273.9M | ||
| Q3 25 | $9.0B | $259.2M | ||
| Q2 25 | $8.0B | $273.0M | ||
| Q1 25 | $7.2B | $280.2M | ||
| Q4 24 | — | $297.9M | ||
| Q3 24 | — | $287.7M | ||
| Q2 24 | — | $278.8M | ||
| Q1 24 | — | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $3.7B | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 30.05× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $17.3M | ||
| Q3 25 | $123.1M | $10.3M | ||
| Q2 25 | $109.1M | $14.8M | ||
| Q1 25 | $21.3M | $417.0K | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $13.1M | ||
| Q1 24 | — | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $12.6M | ||
| Q1 24 | — | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 30.05× | 1.63× | ||
| Q3 25 | 1.17× | 1.26× | ||
| Q2 25 | 0.97× | 4.59× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
