Last 10 quarters of trend data · Real Estate · REIT - Residential
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Millrose Properties, Inc.'s quarterly P/E stands at 9.5x, down 44.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 72.4% YoY to 6.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.94 | 9.46 | 10.09 | 13.34 | 10.48 | 16.99 | — | — | — | — | — |
| — | -44.3% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 7.48 | 5.96 | 6.54 | 7.78 | 7.94 | 13.30 | — | — | — | — | — |
| — | -55.2% | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.83 | 0.79 | 0.85 | 0.95 | 0.81 | 0.75 | — | — | — | — | — |
| — | +6.0% | — | — | — | — | — | — | — | — | — | |
| P/FCF | 1.22 | 1.46 | 0.36 | 11.33 | 10.85 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.35 | 6.88 | 10.79 | 11.97 | 11.19 | 24.94 | — | — | — | — | — |
| — | -72.4% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 13.51 | 6.88 | 10.79 | 11.97 | 11.17 | 24.94 | — | — | — | — | — |
| — | -72.4% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Millrose Properties, Inc.'s operating margin was 85.2% in Q1 2026, up 0.4 pp QoQ and up 30.0 pp YoY. Gross margin expanded 17.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.4% | 100.0% | 100.0% | 100.0% | 85.3% | 85.4% | 82.0% | 77.9% | 84.2% | — | — |
| — | +17.1% | +22.0% | +28.4% | +1.2% | — | — | — | — | — | — | |
| Operating Margin | 80.9% | 85.2% | 84.8% | 85.3% | 85.1% | 55.2% | 133.2% | 22.9% | 109.6% | — | — |
| — | +54.4% | -36.3% | +271.5% | -22.3% | — | — | — | — | — | — | |
| Net Margin | 63.3% | 63.0% | 64.5% | 58.6% | 75.7% | 48.1% | 129.1% | 19.1% | 105.4% | — | — |
| — | +31.0% | -50.0% | +207.5% | -28.2% | — | — | — | — | — | — |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.9% | 2.1% | 2.1% | 1.8% | 1.9% | 0.7% | -8.9% | 0.4% | 4.2% | -1.3% | -1.3% |
| — | +190.9% | +123.5% | +304.1% | -54.0% | +156.5% | -592.8% | — | — | — | — | |
| ROA | 5.2% | 1.3% | 1.3% | 1.2% | 1.5% | 0.6% | -8.4% | 0.4% | 4.0% | — | -1.2% |
| — | +106.9% | +116.0% | +194.1% | -62.5% | — | -595.5% | — | — | — | — | |
| ROIC | 5.6% | 1.8% | 1.6% | 1.6% | 1.5% | 0.6% | -6.8% | 0.4% | 3.2% | -1.0% | — |
| — | +199.9% | +122.8% | +300.1% | -54.7% | +163.3% | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | — | 0.36 | 0.34 | 0.17 | 0.06 | 0.00 | 0.01 | 0.01 | — | 0.01 |
| — | — | +7591.4% | +3770.3% | +3079.4% | — | -35.9% | — | — | — | — | |
| Debt / EBITDA | 4.29 | — | 12.96 | 12.95 | 7.97 | 7.49 | — | 1.53 | 0.12 | — | — |
| — | — | — | +747.1% | +6292.0% | — | — | — | — | — | — | |
| Current Ratio | — | — | — | — | 60.42 | 9.27 | 19.33 | 20.68 | 23.39 | — | 18.78 |
| — | — | — | — | +158.3% | — | +2.9% | — | — | — | — | |
| Quick Ratio | — | — | — | — | 0.88 | 0.18 | — | — | — | — | 18.78 |
| — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 5.36 | 4.26 | 4.63 | 3.49 | — | 18.42 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 10 years · Updated daily
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Millrose Properties, Inc.'s current P/E is 11.9x. The average P/E over the last 4 quarters is 10.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Millrose Properties, Inc.'s current operating margin is 80.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Millrose Properties, Inc.'s business trajectory between earnings reports.