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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $161.5M, roughly 1.2× UNITIL CORP). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 11.8%, a 52.7% 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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

MRP vs UTL — Head-to-Head

Bigger by revenue
MRP
MRP
1.2× larger
MRP
$189.5M
$161.5M
UTL
Higher net margin
MRP
MRP
52.7% more per $
MRP
64.5%
11.8%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
UTL
UTL
Revenue
$189.5M
$161.5M
Net Profit
$122.2M
$19.0M
Gross Margin
Operating Margin
84.8%
21.5%
Net Margin
64.5%
11.8%
Revenue YoY
26.7%
Net Profit YoY
285.8%
21.8%
EPS (diluted)
$0.74
$1.05

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
UTL
UTL
Q4 25
$189.5M
$161.5M
Q3 25
$179.3M
$101.1M
Q2 25
$149.0M
$102.6M
Q1 25
$82.7M
$170.8M
Q4 24
$127.5M
Q3 24
$92.9M
Q2 24
$95.7M
Q1 24
$178.7M
Net Profit
MRP
MRP
UTL
UTL
Q4 25
$122.2M
$19.0M
Q3 25
$105.1M
$-300.0K
Q2 25
$112.8M
$4.0M
Q1 25
$39.8M
$27.5M
Q4 24
$15.6M
Q3 24
$0
Q2 24
$4.3M
Q1 24
$27.2M
Operating Margin
MRP
MRP
UTL
UTL
Q4 25
84.8%
21.5%
Q3 25
85.3%
6.9%
Q2 25
85.1%
13.0%
Q1 25
55.2%
27.0%
Q4 24
22.1%
Q3 24
6.2%
Q2 24
13.0%
Q1 24
24.7%
Net Margin
MRP
MRP
UTL
UTL
Q4 25
64.5%
11.8%
Q3 25
58.6%
-0.3%
Q2 25
75.7%
3.9%
Q1 25
48.1%
16.1%
Q4 24
12.2%
Q3 24
Q2 24
4.5%
Q1 24
15.2%
EPS (diluted)
MRP
MRP
UTL
UTL
Q4 25
$0.74
$1.05
Q3 25
$0.63
$-0.02
Q2 25
$0.68
$0.25
Q1 25
$0.39
$1.69
Q4 24
$0.97
Q3 24
$0.00
Q2 24
$0.27
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$35.0M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$5.9B
$609.6M
Total Assets
$9.3B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
UTL
UTL
Q4 25
$35.0M
$15.6M
Q3 25
$242.6M
$14.6M
Q2 25
$66.6M
$8.5M
Q1 25
$89.5M
$10.2M
Q4 24
$6.3M
Q3 24
$6.3M
Q2 24
$2.8M
Q1 24
$6.3M
Total Debt
MRP
MRP
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
MRP
MRP
UTL
UTL
Q4 25
$5.9B
$609.6M
Q3 25
$5.9B
$597.2M
Q2 25
$5.9B
$532.8M
Q1 25
$5.9B
$534.1M
Q4 24
$512.5M
Q3 24
$502.4M
Q2 24
$508.8M
Q1 24
$510.8M
Total Assets
MRP
MRP
UTL
UTL
Q4 25
$9.3B
$2.1B
Q3 25
$9.0B
$1.9B
Q2 25
$8.0B
$1.9B
Q1 25
$7.2B
$1.9B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
MRP
MRP
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$3.7B
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
30.05×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
UTL
UTL
Q4 25
$3.7B
$21.4M
Q3 25
$123.1M
$15.6M
Q2 25
$109.1M
$42.2M
Q1 25
$21.3M
$52.1M
Q4 24
$23.3M
Q3 24
$26.1M
Q2 24
$49.9M
Q1 24
$26.6M
Free Cash Flow
MRP
MRP
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
MRP
MRP
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
MRP
MRP
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
MRP
MRP
UTL
UTL
Q4 25
30.05×
1.13×
Q3 25
1.17×
Q2 25
0.97×
10.55×
Q1 25
0.53×
1.89×
Q4 24
1.49×
Q3 24
Q2 24
11.60×
Q1 24
0.98×

Financial Flow Comparison

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

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