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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and TOWER SEMICONDUCTOR LTD (TSEM). Click either name above to swap in a different company.
TOWER SEMICONDUCTOR LTD is the larger business by last-quarter revenue ($351.2M vs $194.9M, roughly 1.8× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 15.2%, a 47.8% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs -1.7%).
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.
Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).
MRP vs TSEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $194.9M | $351.2M |
| Net Profit | $122.9M | $53.4M |
| Gross Margin | — | 24.8% |
| Operating Margin | 85.2% | 15.7% |
| Net Margin | 63.0% | 15.2% |
| Revenue YoY | 135.7% | -1.7% |
| Net Profit YoY | 208.7% | 4.4% |
| EPS (diluted) | $0.74 | $0.48 |
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 | — | ||
| Q3 25 | $179.3M | — | ||
| Q2 25 | $149.0M | — | ||
| Q1 25 | $82.7M | — | ||
| Q2 24 | — | $351.2M | ||
| Q2 23 | — | $357.2M | ||
| Q2 22 | — | $426.2M |
| Q1 26 | $122.9M | — | ||
| Q4 25 | $122.2M | — | ||
| Q3 25 | $105.1M | — | ||
| Q2 25 | $112.8M | — | ||
| Q1 25 | $39.8M | — | ||
| Q2 24 | — | $53.4M | ||
| Q2 23 | — | $51.2M | ||
| Q2 22 | — | $58.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 24.8% | ||
| Q2 23 | — | 24.2% | ||
| Q2 22 | — | 26.4% |
| Q1 26 | 85.2% | — | ||
| Q4 25 | 84.8% | — | ||
| Q3 25 | 85.3% | — | ||
| Q2 25 | 85.1% | — | ||
| Q1 25 | 55.2% | — | ||
| Q2 24 | — | 15.7% | ||
| Q2 23 | — | 14.1% | ||
| Q2 22 | — | 16.6% |
| Q1 26 | 63.0% | — | ||
| Q4 25 | 64.5% | — | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 75.7% | — | ||
| Q1 25 | 48.1% | — | ||
| Q2 24 | — | 15.2% | ||
| Q2 23 | — | 14.3% | ||
| Q2 22 | — | 13.6% |
| Q1 26 | $0.74 | — | ||
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.68 | — | ||
| Q1 25 | $0.39 | — | ||
| Q2 24 | — | $0.48 | ||
| Q2 23 | — | $0.46 | ||
| Q2 22 | — | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $265.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $2.5B |
| Total Assets | $9.6B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $35.0M | — | ||
| Q3 25 | $242.6M | — | ||
| Q2 25 | $66.6M | — | ||
| Q1 25 | $89.5M | — | ||
| Q2 24 | — | $265.3M | ||
| Q2 23 | — | $318.2M | ||
| Q2 22 | — | $211.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | $178.9M | ||
| Q2 22 | — | $200.7M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.9B | — | ||
| Q2 24 | — | $2.5B | ||
| Q2 23 | — | $2.0B | ||
| Q2 22 | — | $1.7B |
| Q1 26 | $9.6B | — | ||
| Q4 25 | $9.3B | — | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $8.0B | — | ||
| Q1 25 | $7.2B | — | ||
| Q2 24 | — | $3.0B | ||
| Q2 23 | — | $2.5B | ||
| Q2 22 | — | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | 0.09× | ||
| Q2 22 | — | 0.12× |
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% |
TSEM
Segment breakdown not available.
