The Tip Desk

Millrose Properties, Inc.

Company Stats

Market Cap
$4.3B
as of Sep 30, 2026
Enterprise Value
$6.4B
Shares Outstanding
166.0M
Free Float
85.7%

Income Statement

Revenue
$600.5M
Operating Income
$486.1M
Net Income
$379.9M

Balance Sheet

Cash & Equivalents
$35.0M
Total Debt
$2.1B
Net Debt
$2.1B
Net Debt / EBIT
4.27x

Returns & Capital

Dividends Paid
$298.8M
Dividend Yield
6.9%
SBC, 3Y Avg
$8.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$600.5M——

Annual filing data through FY ended December 31, 2025; shares and float as of October 15, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage