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Millrose Properties (MRP) operating margin by quarter

Millrose Properties' operating margin was 85.5% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 55.2% (Q1 2025) to 85.5% (Q3 2026).

Millrose Properties operating margin by quarterMillrose Properties operating margin by quarter55.2%Q1 202585.1%Q2 202585.3%Q3 202584.8%Q4 202585.2%Q1 202685.2%Q2 202685.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202685.5%+0.4 pts+0.3 pts
Q2 202685.2%-0.0 pts+0.0 pts
Q1 202685.2%+0.4 pts+30.0 pts
Q4 202584.8%-0.4 pts—
Q3 202585.3%+0.1 pts—
Q2 202585.1%+30.0 pts—
Q1 202555.2%——

Q3 2026 at a glance

Millrose Properties, Q3 2026: revenue $211M (+18% year over year), operating margin 85.5%, net earnings $130M, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.

Questions

What is Millrose Properties' operating margin?

Millrose Properties' operating margin was 85.5% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026.

How has Millrose Properties' operating margin changed?

Over the last 7 quarters it ranged from 55.2% (Q1 2025) to 85.5% (Q3 2026).

Q3 2026 results → · How Millrose Properties makes money →