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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($247.3M vs $194.9M, roughly 1.3× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 7.7%, a 55.4% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 19.9%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
MRP vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $194.9M | $247.3M |
| Net Profit | $122.9M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 85.2% | 25.8% |
| Net Margin | 63.0% | 7.7% |
| Revenue YoY | 135.7% | 19.9% |
| Net Profit YoY | 208.7% | — |
| EPS (diluted) | $0.74 | $0.33 |
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 | $247.3M | ||
| Q4 25 | $189.5M | $238.9M | ||
| Q3 25 | $179.3M | $224.2M | ||
| Q2 25 | $149.0M | $215.2M | ||
| Q1 25 | $82.7M | $206.3M | ||
| Q4 24 | — | $199.9M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $177.5M |
| Q1 26 | $122.9M | $19.0M | ||
| Q4 25 | $122.2M | $11.8M | ||
| Q3 25 | $105.1M | $2.8M | ||
| Q2 25 | $112.8M | $-19.4M | ||
| Q1 25 | $39.8M | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | — | $-17.0M | ||
| Q2 24 | — | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | 85.2% | 25.8% | ||
| Q4 25 | 84.8% | 3.3% | ||
| Q3 25 | 85.3% | -1.5% | ||
| Q2 25 | 85.1% | -10.3% | ||
| Q1 25 | 55.2% | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -13.0% |
| Q1 26 | 63.0% | 7.7% | ||
| Q4 25 | 64.5% | 4.9% | ||
| Q3 25 | 58.6% | 1.2% | ||
| Q2 25 | 75.7% | -9.0% | ||
| Q1 25 | 48.1% | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | -9.9% |
| Q1 26 | $0.74 | $0.33 | ||
| Q4 25 | $0.74 | $0.21 | ||
| Q3 25 | $0.63 | $0.05 | ||
| Q2 25 | $0.68 | $-0.35 | ||
| Q1 25 | $0.39 | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | — |
| Total Assets | $9.6B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $35.0M | $338.8M | ||
| Q3 25 | $242.6M | $315.9M | ||
| Q2 25 | $66.6M | $284.3M | ||
| Q1 25 | $89.5M | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $-5.4M | ||
| Q3 25 | $5.9B | $-36.9M | ||
| Q2 25 | $5.9B | $-66.5M | ||
| Q1 25 | $5.9B | $-75.7M | ||
| Q4 24 | — | $-41.7M | ||
| Q3 24 | — | $-50.8M | ||
| Q2 24 | — | $-77.7M |
| Q1 26 | $9.6B | $1.4B | ||
| Q4 25 | $9.3B | $1.5B | ||
| Q3 25 | $9.0B | $1.4B | ||
| Q2 25 | $8.0B | $1.3B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.2B |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $25.7M |
| FCF MarginFCF / Revenue | — | 10.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $51.0M | ||
| Q3 25 | $123.1M | $46.2M | ||
| Q2 25 | $109.1M | $50.3M | ||
| Q1 25 | $21.3M | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | — | $18.9M | ||
| Q2 24 | — | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 30.05× | 4.31× | ||
| Q3 25 | 1.17× | 16.57× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
