MRP financial statements
The full income statement, balance sheet, and cash-flow statement for Millrose Properties Inc. (MRP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 600M | — | — | |
| 114M-53.5% | 246M+17.4% | 210M | ||
| Selling, general & administrative | 25.0M-89.8% | 246M+17.3% | 210M | |
| Provision for credit losses | 1.00M | — | — | |
| Operating income | 486M+297.4% | -246M-17.4% | -210M | |
| Interest expense | 91.8M | — | — | |
| Interest & investment income | 7.70M | — | — | |
| Other non-operating income | -1.60M | — | — | |
| Pre-tax income | 400M+262.6% | -246M-17.4% | -210M | |
| Income tax | 20.5M | — | — | |
| 380M+254.3% | -246M-17.4% | -210M | ||
| Net income to common | 405M+264.4% | -246M-17.4% | -210M | |
| $2.44 | — | — | ||
| EPS (basic) | $2.44 | — | — | |
| Weighted-avg shares (basic) | 166M | — | — | |
| Weighted-avg shares (diluted) | 166M | — | — | |
| Dividends per share | $2.55 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Cash & equivalents | 35.0M | 0.00 | — | |
| Inventory | — | 5.47B | — | |
| Total assets | 9.26B+69.4% | 5.47B | — | |
| 3.40B+1008.4% | 307M | — | ||
| Long-term debt | 13.0M | — | — | |
| Deferred tax liabilities | 77.3M | — | — | |
| 5.86B+13.5% | 5.16B+15.7% | 4.46B | ||
| Additional paid-in capital | 5.87B | — | — | |
| Total liabilities & equity | 9.26B+69.4% | 5.47B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 3.67B+500.4% | -917M-6.0% | -865M | ||
| Share-based compensation | 677K-95.5% | 14.9M+48.0% | 10.1M | |
| Deferred income taxes | 20.5M | — | — | |
| Change in inventory | — | 716M+11.6% | 642M | |
| -5.72B | — | — | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | |
| 2.08B+127.3% | 917M+6.0% | 865M | ||
| Long-term debt issued | 2.00B | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 299M | 0.00 | 0.00 | |
| Net change in cash | 35.0M | — | — | |
| Interest paid | 23.9M | — | — | |
| Income taxes paid | 8.50M | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 4.96B | — | — | |
| P/E | 13.1× | — | — | |
| P/S | 8.3× | — | — | |
| P/B | 0.8× | — | — | |
| Earnings yield | 7.7% | — | — | |
| Dividend yield | 8.5% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: MRP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MRP filings on SEC EDGAR → Not investment advice.