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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $183.7M, roughly 1.0× Wingstop Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 16.3%, a 48.2% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
MRP vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $183.7M |
| Net Profit | $122.2M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | 84.8% | 27.4% |
| Net Margin | 64.5% | 16.3% |
| Revenue YoY | — | 7.4% |
| Net Profit YoY | 285.8% | — |
| EPS (diluted) | $0.74 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $189.5M | $175.7M | ||
| Q3 25 | $179.3M | $175.7M | ||
| Q2 25 | $149.0M | $174.3M | ||
| Q1 25 | $82.7M | $171.1M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $162.5M | ||
| Q2 24 | — | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $122.2M | $26.8M | ||
| Q3 25 | $105.1M | $28.5M | ||
| Q2 25 | $112.8M | $26.8M | ||
| Q1 25 | $39.8M | $92.3M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | — | $25.7M | ||
| Q2 24 | — | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 84.8% | 26.7% | ||
| Q3 25 | 85.3% | 27.9% | ||
| Q2 25 | 85.1% | 25.9% | ||
| Q1 25 | 55.2% | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 64.5% | 15.2% | ||
| Q3 25 | 58.6% | 16.2% | ||
| Q2 25 | 75.7% | 15.4% | ||
| Q1 25 | 48.1% | 53.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.74 | $0.99 | ||
| Q3 25 | $0.63 | $1.02 | ||
| Q2 25 | $0.68 | $0.96 | ||
| Q1 25 | $0.39 | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $0.88 | ||
| Q2 24 | — | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | — |
| Total Assets | $9.3B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $35.0M | $196.6M | ||
| Q3 25 | $242.6M | $237.6M | ||
| Q2 25 | $66.6M | $227.9M | ||
| Q1 25 | $89.5M | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $-736.8M | ||
| Q3 25 | $5.9B | $-702.6M | ||
| Q2 25 | $5.9B | $-686.0M | ||
| Q1 25 | $5.9B | $-715.0M | ||
| Q4 24 | — | $-675.6M | ||
| Q3 24 | — | $-447.5M | ||
| Q2 24 | — | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $9.3B | $693.4M | ||
| Q3 25 | $9.0B | $721.0M | ||
| Q2 25 | $8.0B | $708.3M | ||
| Q1 25 | $7.2B | $696.8M | ||
| Q4 24 | — | $716.2M | ||
| Q3 24 | — | $484.8M | ||
| Q2 24 | — | $451.8M |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 30.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $57.3M | ||
| Q3 25 | $123.1M | $63.9M | ||
| Q2 25 | $109.1M | $6.6M | ||
| Q1 25 | $21.3M | $25.3M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $69.0M | ||
| Q2 24 | — | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 30.05× | 2.14× | ||
| Q3 25 | 1.17× | 2.24× | ||
| Q2 25 | 0.97× | 0.25× | ||
| Q1 25 | 0.53× | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRP
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
