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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $111.7M, roughly 1.7× ZIPRECRUITER, INC.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs -0.7%, a 65.3% 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.

MRP vs ZIP — Head-to-Head

Bigger by revenue
MRP
MRP
1.7× larger
MRP
$189.5M
$111.7M
ZIP
Higher net margin
MRP
MRP
65.3% more per $
MRP
64.5%
-0.7%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRP
MRP
ZIP
ZIP
Revenue
$189.5M
$111.7M
Net Profit
$122.2M
$-835.0K
Gross Margin
89.1%
Operating Margin
84.8%
3.6%
Net Margin
64.5%
-0.7%
Revenue YoY
0.6%
Net Profit YoY
285.8%
92.3%
EPS (diluted)
$0.74
$-0.03

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
ZIP
ZIP
Q4 25
$189.5M
$111.7M
Q3 25
$179.3M
$115.0M
Q2 25
$149.0M
$112.2M
Q1 25
$82.7M
$110.1M
Q4 24
$111.0M
Q3 24
$117.1M
Q2 24
$123.7M
Q1 24
$122.2M
Net Profit
MRP
MRP
ZIP
ZIP
Q4 25
$122.2M
$-835.0K
Q3 25
$105.1M
$-9.8M
Q2 25
$112.8M
$-9.5M
Q1 25
$39.8M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-2.6M
Q2 24
$7.0M
Q1 24
$-6.5M
Gross Margin
MRP
MRP
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
MRP
MRP
ZIP
ZIP
Q4 25
84.8%
3.6%
Q3 25
85.3%
-4.4%
Q2 25
85.1%
-5.9%
Q1 25
55.2%
-10.6%
Q4 24
-3.6%
Q3 24
-2.8%
Q2 24
7.6%
Q1 24
-0.7%
Net Margin
MRP
MRP
ZIP
ZIP
Q4 25
64.5%
-0.7%
Q3 25
58.6%
-8.5%
Q2 25
75.7%
-8.5%
Q1 25
48.1%
-11.7%
Q4 24
-9.7%
Q3 24
-2.2%
Q2 24
5.7%
Q1 24
-5.3%
EPS (diluted)
MRP
MRP
ZIP
ZIP
Q4 25
$0.74
$-0.03
Q3 25
$0.63
$-0.11
Q2 25
$0.68
$-0.10
Q1 25
$0.39
$-0.13
Q4 24
$-0.10
Q3 24
$-0.03
Q2 24
$0.07
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
MRP
MRP
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$35.0M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$-77.2M
Total Assets
$9.3B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
ZIP
ZIP
Q4 25
$35.0M
$188.0M
Q3 25
$242.6M
$211.8M
Q2 25
$66.6M
$203.5M
Q1 25
$89.5M
$221.1M
Q4 24
$218.4M
Q3 24
$225.6M
Q2 24
$271.7M
Q1 24
$282.5M
Stockholders' Equity
MRP
MRP
ZIP
ZIP
Q4 25
$5.9B
$-77.2M
Q3 25
$5.9B
$-76.1M
Q2 25
$5.9B
$-65.9M
Q1 25
$5.9B
$-11.3M
Q4 24
$13.4M
Q3 24
$13.6M
Q2 24
$24.4M
Q1 24
$12.7M
Total Assets
MRP
MRP
ZIP
ZIP
Q4 25
$9.3B
$569.7M
Q3 25
$9.0B
$573.6M
Q2 25
$8.0B
$592.4M
Q1 25
$7.2B
$629.4M
Q4 24
$664.1M
Q3 24
$652.0M
Q2 24
$665.3M
Q1 24
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$3.7B
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
30.05×
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
ZIP
ZIP
Q4 25
$3.7B
$7.7M
Q3 25
$123.1M
$2.6M
Q2 25
$109.1M
$10.5M
Q1 25
$21.3M
$-9.9M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$21.9M
Q1 24
$2.0M
Free Cash Flow
MRP
MRP
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
MRP
MRP
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
MRP
MRP
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
MRP
MRP
ZIP
ZIP
Q4 25
30.05×
Q3 25
1.17×
Q2 25
0.97×
Q1 25
0.53×
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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