MRP - Millrose Properties, Inc.
Price:
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CONSENSUS:
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DETAILS
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 196.9 | 194.9 | 189.5 | 179.3 | 149.0 | 82.7 | (348.1) | 123.7 | 224.4 | 0 | 0 | 0 |
| Cost of Revenue | 29.9 | 0 | 0 | 0 | 22.0 | 12.1 | (62.8) | 27.4 | 35.4 | 0 | 0 | 0 |
| Gross Profit | 166.9 | 194.9 | 189.5 | 179.3 | 127.0 | 70.6 | (285.3) | 96.3 | 189.0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 29.9 | 0 | 0 | 0 | 0.2 | 25.0 | 246.2 | 0 | (57.0) | 57.0 | 57.1 | 60.5 |
| Other Expenses | (30.6) | 28.8 | 28.8 | 26.4 | 0 | 0 | (67.9) | 67.9 | 0 | 0 | 0 | 0 |
| Operating Expenses | (0.7) | 28.8 | 28.8 | 26.4 | 0.2 | 25.0 | 178.3 | 67.9 | (57.0) | 57.0 | 57.1 | 60.5 |
| Operating Income | ||||||||||||
| Operating Income | 167.6 | 166.1 | 160.7 | 152.8 | 126.9 | 45.6 | (463.6) | 28.4 | 246.0 | (57.0) | (57.1) | (60.5) |
| Interest Expense | 40.0 | 39.2 | 35.2 | 43.7 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.1 | 1.1 | 2.3 | 2.5 | 1.8 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 167.6 | 167.1 | 163.0 | 154.7 | 118.9 | 46.7 | (463.6) | 28.4 | 246.0 | (57.0) | 0 | 0 |
| EBIT | 167.8 | 167.1 | 163.0 | 154.7 | 117.5 | 46.7 | (463.6) | 28.4 | 246.0 | (57.0) | (57.1) | (60.5) |
| Income Before Tax | 128.3 | 127.9 | 127.7 | 110.9 | 117.5 | 44.2 | (463.6) | 28.4 | 246.0 | (57.0) | (57.1) | (60.5) |
| Income Tax Expense | 2.5 | 5.0 | 5.5 | 5.9 | 4.8 | 4.4 | (14.3) | 4.8 | 9.4 | 0 | 0 | 23.3 |
| Net Income | 125.9 | 122.9 | 122.2 | 105.1 | 112.8 | 39.8 | (449.3) | 23.6 | 236.5 | (57.0) | (57.1) | (83.8) |
| Per Share Data | ||||||||||||
| EPS (Basic) | 0.76 | 0.74 | 0.74 | 0.63 | 0.68 | 0.39 | -2.71 | 0.16 | 1.76 | -0.42 | – | – |
| EPS (Diluted) | 0.76 | 0.74 | 0.74 | 0.63 | 0.68 | 0.39 | -2.71 | 0.16 | 1.76 | -0.42 | – | – |
| Shares Outstanding | 166.0 | 166.0 | 166.0 | 166.0 | 166.0 | 166.0 | 166.0 | 134.1 | 135 | 135 | 135 | 135 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 34.2 | 49.3 | 35.0 | 242.6 | 66.6 | 89.5 | 0 | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 49.8 | 323.2 | 329.0 | 398.6 | 46.6 | 47.2 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 8,360.4 | 7,845.2 | 6,998.9 | 5,465.3 | 5,268.4 | 5,863.7 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 84.0 | 372.5 | 364.0 | 9,001.6 | 7,961.0 | 7,135.7 | 5,465.3 | 5,268.4 | 5,863.7 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 9,177.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | (9,177.3) | 8,894.1 | 8,382.5 | 12.6 | 16.7 | 0 | 0 | 82.6 |
| Total Non-Current Assets | 0 | 0 | 8,894.1 | 8,382.5 | 12.6 | 16.7 | 0 | 0 | 82.6 |
| Total Assets | 9,707.3 | 9,570.0 | 9,258.1 | 9,023.7 | 7,973.6 | 7,152.4 | 5,465.3 | 5,268.4 | 5,946.3 |
| Current Liabilities | |||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 282.7 | 254.7 | 250.7 |
| Short-Term Debt | 0 | 13 | 0 | 13 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 999.8 | 0 | 0 | 0 | 0 | 684.6 | 0 | 0 | 0 |
| Other Current Liabilities | (986.8) | 0 | 0 | 995.4 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 192.4 | 13 | 185.4 | 1,027.4 | 131.8 | 769.6 | 282.7 | 254.7 | 250.7 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 2,478.7 | 2,417.2 | 2,112.1 | 1,966.2 | 1,011.2 | 350 | 24.2 | 43.4 | 30.7 |
| Deferred Tax Liabilities | 84.6 | 82.0 | 77.3 | 71.8 | 56.9 | 56.9 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,099.8 | 244.0 | 1,027.0 | (2,912.3) | 899.6 | 100 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 3,663.0 | 3,703.4 | 3,216.4 | 0 | 1,967.6 | 506.9 | 24.2 | 43.4 | 30.7 |
| Total Liabilities | 3,855.5 | 3,716.4 | 3,401.8 | 3,165.4 | 2,099.4 | 1,276.5 | 306.9 | 298.1 | 281.3 |
| Stockholders' Equity | |||||||||
| Common Stock | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 5,158.4 | 4,970.3 | 5,664.9 |
| Retained Earnings | 0 | (21.8) | (18.5) | (16.2) | (0.1) | 1.7 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 5,851.8 | 5,853.6 | 5,856.3 | 5,858.3 | 5,874.2 | 5,875.9 | 5,158.4 | 4,970.3 | 5,664.9 |
| Total Liabilities & Equity | 9,707.3 | 9,570.0 | 9,258.1 | 9,023.7 | 7,973.6 | 7,152.4 | 5,465.3 | 5,268.4 | 5,946.3 |
| Debt Metrics | |||||||||
| Total Debt | 2,478.7 | 2,430.2 | 2,112.1 | 1,979.2 | 1,011.2 | 350 | 24.2 | 43.4 | 30.7 |
| Net Debt | 2,444.6 | 2,380.9 | 2,077.0 | 1,736.6 | 944.6 | 260.5 | 24.2 | 43.4 | 30.7 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 125.9 | 122.9 | 122.2 | 105.1 | 112.8 | 39.8 | (65.8) | (93.2) | (59.8) | (57.0) | (57.1) | (83.8) |
| Depreciation & Amortization | 0 | 0 | 0 | 16.4 | 1.4 | 0 | (0.1) | 0.0 | 0.1 | 0 | (0.2) | 0.1 |
| Stock-Based Compensation | 0.2 | 0.7 | 0.3 | 0.2 | 0.2 | 0 | 4.8 | 1.3 | 1.7 | 7.2 | 0.4 | 1.4 |
| Change in Working Capital | 759.9 | 681.0 | 3,311.3 | (7.5) | (2.2) | (41.0) | (1,144.2) | (281.4) | 477.4 | 232.2 | (438.6) | 434.9 |
| Other Non-Cash Items | 0.0 | (7.3) | (14.6) | 9.0 | (3.0) | 22.5 | 28.0 | 33.6 | (1.9) | 0.0 | (6.7) | 11.1 |
| Operating Cash Flow | 886.0 | 797.3 | 3,419.3 | 123.1 | 109.1 | 21.3 | (1,177.4) | (339.7) | 417.5 | 182.4 | (502.2) | 363.6 |
| Investing Activities | ||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | (858.9) | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (2,088.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 310.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 942.5 | (962.0) | (3,614.2) | (775.1) | (726.8) | 252.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (834.8) | (962.0) | (3,614.2) | (775.1) | (726.8) | (606.2) | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 60 | 315 | 110 | 942.5 | 660.9 | 334.4 | 0.7 | 3.7 | (1.9) | (16.1) | 22.1 | (15.8) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (126.2) | (124.5) | (121.2) | (114.5) | (63.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.1) | (11.5) | (1.5) | 0 | (3.1) | 340.0 | 1,176.7 | 336.0 | (415.6) | (166.3) | 480.1 | (347.9) |
| Financing Cash Flow | (66.3) | 178.9 | (12.7) | 827.9 | 594.7 | 674.4 | 1,177.4 | 339.7 | (417.5) | (182.4) | 502.2 | (363.6) |
| Cash Position | ||||||||||||
| Net Change in Cash | (15.1) | 14.2 | (207.5) | 176.0 | (22.9) | 89.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 49.3 | 35.0 | 242.6 | 66.6 | 89.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at End | 34.2 | 49.3 | 35.0 | 242.6 | 66.6 | 89.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 886.0 | 797.3 | 3,419.3 | 123.1 | 109.1 | (837.6) | (1,177.4) | (339.7) | 417.5 | 182.4 | (502.2) | 363.6 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 196.9 | 194.9 | 189.5 | 179.3 | 149.0 | 82.7 | (348.1) | 123.7 | 224.4 | 0 | 0 | 0 |
| Gross Profit | 166.9 | 194.9 | 189.5 | 179.3 | 127.0 | 70.6 | (285.3) | 96.3 | 189.0 | 0 | 0 | 0 |
| Operating Income | 167.6 | 166.1 | 160.7 | 152.8 | 126.9 | 45.6 | (463.6) | 28.4 | 246.0 | (57.0) | (57.1) | (60.5) |
| Net Income | 125.9 | 122.9 | 122.2 | 105.1 | 112.8 | 39.8 | (449.3) | 23.6 | 236.5 | (57.0) | (57.1) | (83.8) |
| EPS (Diluted) | 0.76 | 0.74 | 0.74 | 0.63 | 0.68 | 0.39 | -2.71 | 0.16 | 1.76 | -0.42 | – | – |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 34.2 | 49.3 | 35.0 | 242.6 | 66.6 | 89.5 | 0 | 0 | 0 | |||
| Total Assets | 9,707.3 | 9,570.0 | 9,258.1 | 9,023.7 | 7,973.6 | 7,152.4 | 5,465.3 | 5,268.4 | 5,946.3 | |||
| Total Debt | 2,478.7 | 2,430.2 | 2,112.1 | 1,979.2 | 1,011.2 | 350 | 24.2 | 43.4 | 30.7 | |||
| Stockholders' Equity | 5,851.8 | 5,853.6 | 5,856.3 | 5,858.3 | 5,874.2 | 5,875.9 | 5,158.4 | 4,970.3 | 5,664.9 | |||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 886.0 | 797.3 | 3,419.3 | 123.1 | 109.1 | 21.3 | (1,177.4) | (339.7) | 417.5 | 182.4 | (502.2) | 363.6 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | (858.9) | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 886.0 | 797.3 | 3,419.3 | 123.1 | 109.1 | (837.6) | (1,177.4) | (339.7) | 417.5 | 182.4 | (502.2) | 363.6 |