Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Millrose PropertiesMRP +0.67%13 Operating Margin % is 85.20% as of Mar. 2026, which is 5% above its 10-year median of 80.95. GuruFocus rates MRP with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 737 REITs companies, Millrose Properties ranks better than 91.86% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Millrose Properties Operating Margin % Related Terms
Millrose Properties Operating Margin % Historical Data
* Premium members only.
The historical data trend for Millrose Properties's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MRP vs IRT, JAN, UMH: Operating Margin % Comparison
For the REIT - Residential subindustry, Millrose Properties's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Millrose Properties Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Millrose Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Millrose Properties's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Millrose Properties's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Millrose Properties (MRP) has a Operating Margin % of 85.20% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Millrose Properties and its competitors. This is near median its historical median of 80.95. Over the past decade, Millrose Properties' Operating Margin % has ranged from 80.95 to 85.10. According to the industry distribution chart, Millrose Properties ranks #60 out of 737 companies in the REITs industry, placing it in the top 8.1%.
Is Millrose Properties' Operating Margin % too high?
Millrose Properties' current Operating Margin % of 85.20% is near median its 10-year median of 80.95. Over the past 10 years, this metric has ranged from a low of 80.95 to a high of 85.10. The REITs industry median Operating Margin % is 52.63. Millrose Properties' value of 85.20% is 61.9% above this industry median. Based on the distribution chart, Millrose Properties ranks #60 out of 737 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Millrose Properties has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Millrose Properties' Operating Margin % compare to IRT and JAN?
According to the REITs industry distribution chart, Millrose Properties ranks #60 out of 737 companies for Operating Margin %. This places Millrose Properties in the top 8% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.63. Millrose Properties' value of 85.20% is 61.9% above this benchmark. Historically, Millrose Properties' own Operating Margin % has ranged from 80.95 to 85.10 over the past decade. While the company's 10-year median is 80.95 vs. the industry median of 52.63, Millrose Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.63, based on 737 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millrose Properties's current Operating Margin % of 85.20% is 61.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Millrose Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millrose Properties's current Operating Margin % is 85.20%, which is near median its own 10-year median of 80.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millrose Properties stock overvalued right now?
Millrose Properties (MRP) has a current Operating Margin % of 85.20%. The current Operating Margin % is 85.20%, which is near median its 10-year median of 80.95 and 61.9% above the REITs industry median of 52.63. Millrose Properties' overall GF Score™ is 13/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Millrose Properties (MRP), the current Operating Margin % is 85.20% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Millrose Properties Inc is a Holding Company. The company, along with its subsidiaries, engages in providing operational and capital solutions for home builders and land development companies to finance the acquisition and development of land assets through its Homesite Option Purchase Platform. The company generates a key portion of its revenue from Option fee revenues and a smaller portion of revenue from Development loan income.
13GF Score
Get the complete analysis for MRP
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MRP has been successfully added to your 
