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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and VERRA MOBILITY Corp (VRRM). Click either name above to swap in a different company.

VERRA MOBILITY Corp is the larger business by last-quarter revenue ($257.9M vs $189.5M, roughly 1.4× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 7.3%, a 57.2% 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.

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

MRP vs VRRM — Head-to-Head

Bigger by revenue
VRRM
VRRM
1.4× larger
VRRM
$257.9M
$189.5M
MRP
Higher net margin
MRP
MRP
57.2% more per $
MRP
64.5%
7.3%
VRRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
VRRM
VRRM
Revenue
$189.5M
$257.9M
Net Profit
$122.2M
$18.9M
Gross Margin
Operating Margin
84.8%
16.7%
Net Margin
64.5%
7.3%
Revenue YoY
16.4%
Net Profit YoY
285.8%
128.3%
EPS (diluted)
$0.74
$0.12

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
VRRM
VRRM
Q4 25
$189.5M
$257.9M
Q3 25
$179.3M
$261.9M
Q2 25
$149.0M
$236.0M
Q1 25
$82.7M
$223.3M
Q4 24
$221.5M
Q3 24
$225.6M
Q2 24
$222.4M
Q1 24
$209.7M
Net Profit
MRP
MRP
VRRM
VRRM
Q4 25
$122.2M
$18.9M
Q3 25
$105.1M
$46.8M
Q2 25
$112.8M
$38.6M
Q1 25
$39.8M
$32.3M
Q4 24
$-66.7M
Q3 24
$34.7M
Q2 24
$34.2M
Q1 24
$29.1M
Operating Margin
MRP
MRP
VRRM
VRRM
Q4 25
84.8%
16.7%
Q3 25
85.3%
28.6%
Q2 25
85.1%
26.8%
Q1 25
55.2%
25.7%
Q4 24
-19.6%
Q3 24
28.3%
Q2 24
27.5%
Q1 24
25.9%
Net Margin
MRP
MRP
VRRM
VRRM
Q4 25
64.5%
7.3%
Q3 25
58.6%
17.9%
Q2 25
75.7%
16.3%
Q1 25
48.1%
14.5%
Q4 24
-30.1%
Q3 24
15.4%
Q2 24
15.4%
Q1 24
13.9%
EPS (diluted)
MRP
MRP
VRRM
VRRM
Q4 25
$0.74
$0.12
Q3 25
$0.63
$0.29
Q2 25
$0.68
$0.24
Q1 25
$0.39
$0.20
Q4 24
$-0.39
Q3 24
$0.21
Q2 24
$0.20
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$35.0M
$65.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$5.9B
$293.0M
Total Assets
$9.3B
$1.6B
Debt / EquityLower = less leverage
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
VRRM
VRRM
Q4 25
$35.0M
$65.3M
Q3 25
$242.6M
$196.1M
Q2 25
$66.6M
$147.7M
Q1 25
$89.5M
$108.5M
Q4 24
$77.6M
Q3 24
$206.1M
Q2 24
$122.0M
Q1 24
$149.5M
Total Debt
MRP
MRP
VRRM
VRRM
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B
Stockholders' Equity
MRP
MRP
VRRM
VRRM
Q4 25
$5.9B
$293.0M
Q3 25
$5.9B
$403.1M
Q2 25
$5.9B
$352.1M
Q1 25
$5.9B
$299.6M
Q4 24
$265.1M
Q3 24
$486.5M
Q2 24
$438.6M
Q1 24
$449.0M
Total Assets
MRP
MRP
VRRM
VRRM
Q4 25
$9.3B
$1.6B
Q3 25
$9.0B
$1.8B
Q2 25
$8.0B
$1.7B
Q1 25
$7.2B
$1.6B
Q4 24
$1.6B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Debt / Equity
MRP
MRP
VRRM
VRRM
Q4 25
3.51×
Q3 25
2.55×
Q2 25
2.93×
Q1 25
3.45×
Q4 24
3.90×
Q3 24
2.13×
Q2 24
2.36×
Q1 24
2.31×

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
VRRM
VRRM
Operating Cash FlowLast quarter
$3.7B
$40.0M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
30.05×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
VRRM
VRRM
Q4 25
$3.7B
$40.0M
Q3 25
$123.1M
$77.7M
Q2 25
$109.1M
$75.1M
Q1 25
$21.3M
$63.0M
Q4 24
$40.5M
Q3 24
$108.8M
Q2 24
$40.0M
Q1 24
$34.3M
Free Cash Flow
MRP
MRP
VRRM
VRRM
Q4 25
$5.7M
Q3 25
$49.0M
Q2 25
$40.3M
Q1 25
$41.7M
Q4 24
$21.6M
Q3 24
$85.1M
Q2 24
$26.0M
Q1 24
$20.1M
FCF Margin
MRP
MRP
VRRM
VRRM
Q4 25
2.2%
Q3 25
18.7%
Q2 25
17.1%
Q1 25
18.7%
Q4 24
9.8%
Q3 24
37.7%
Q2 24
11.7%
Q1 24
9.6%
Capex Intensity
MRP
MRP
VRRM
VRRM
Q4 25
13.3%
Q3 25
11.0%
Q2 25
14.8%
Q1 25
9.5%
Q4 24
8.5%
Q3 24
10.5%
Q2 24
6.3%
Q1 24
6.8%
Cash Conversion
MRP
MRP
VRRM
VRRM
Q4 25
30.05×
2.12×
Q3 25
1.17×
1.66×
Q2 25
0.97×
1.95×
Q1 25
0.53×
1.95×
Q4 24
Q3 24
3.13×
Q2 24
1.17×
Q1 24
1.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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