Millrose Properties, Inc. (MRP) intrinsic value & 10-year financials
Millrose Properties, Inc. (MRP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue reached to $600.5M, with an average return on invested capital of -0.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $22.50
- Market cap
- $3.7B
- Revenue (FY2025)
- $600.5M
- ROIC (10-yr avg)
- -0.6%
- Free cash flow (FY2025)
- —
MRP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $600.5M | $379.9M | $2.44 | — | 80.9% | 8.4% |
| FY2024 | — | -$246.2M | — | — | — | -5.1% |
| FY2023 | — | -$209.8M | — | — | — | -5.1% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Millrose Properties, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Millrose Properties, Inc. has historically struggled to out-earn its cost of capital, averaging just -0.6% ROIC.
Millrose Properties, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Millrose Properties, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.