MLP vs MRP vs FOR Stock Comparison

Maui Land & Pineapple, Millrose Properties and Forestar Prices as of Oct 26, 2026 Peers: Industry group
MRP Millrose Properties, Inc.
$23.90 -12.1% 1M -26.3% 1Y
Market cap
$4.02B
P/E
8.5x
Revenue (TTM)
$760.54M
Div. yield
0.12%
Real Estate Development Real Estate
6 wins
FOR Forestar Group Inc.
$26.00 -1.9% 1M -1.0% 1Y
Market cap
$1.34B
P/E
7.9x
Revenue (TTM)
$1.72B
Div. yield
–
Real Estate Development Real Estate
3 wins

Head to Head

10 decided of 12

Millrose Properties leads on 6 of the 12 questions below (Millrose Properties 6, Forestar 3, Maui Land & Pineapple 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMLPMRPFORLeader
Larger companyMarket capitalisation $282.78M $4.02B $1.34B MRP
Cheaper on earningsLower P/E, profitable companies only -61.1x 8.5x 7.9x FOR
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 7.3x 8.5x MRP
Faster revenue growthRevenue growth, trailing twelve months -4.1% — +11.8% FOR
More profitableNet margin, trailing twelve months -28.6% 62.6% 9.9% MRP
Better return on capitalReturn on invested capital — 7.5% 6.1% MRP
Less leveragedLower net debt / EBITDA — — 1.8x –
Higher dividend yieldTrailing dividend yield 0.00% 0.12% 0.00% –
Better 1-year returnPrice return, last 12 months -13.0% -26.3% -1.0% FOR
Better 5-year returnAnnualised price return, 5 years +6.0%/yr — +5.8%/yr MLP
Less volatileAnnualised volatility, 1 year 35.5% 31.7% 33.7% MRP
Higher overall scoreMean of the five percentile scores vs peers 34/100 89/100 55/100 MRP

Percentile Scorecard

MLPMRPFOR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMLPMRPFOR
Valuation 8 #36 of 39 82 #8 of 39 92 #4 of 39
Growth 47 #18 of 33 100 #1 of 33 53 #16 of 33
Profitability 24 #23 of 30 97 #2 of 30 62 #12 of 30
Financial Health 57 #17 of 38 68 #13 of 38 46 #21 of 38
Shareholder Returns – 100 #1 of 14 23 #11 of 14
Overall 34 89 55
  • MLP ranked among 42 companies in Property Developers
  • MRP ranked among 42 companies in Property Developers
  • FOR ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMLPMRPFORSPY
1 month -13.5%-12.1%-1.9% -0.8%
3 months -19.3%-15.8%-10.0% +3.5%
6 months -9.6%-22.1%-8.3% +7.0%
Year to date -17.6%-20.0%+5.6% +12.2%
1 year -13.0%-26.3%-1.0% +13.0%
3 years -5.9%—+11.2% +86.3%
3 years, per year -2.0%—+3.6% +23.1%
5 years +34.0%—+32.3% +68.6%
5 years, per year +6.0%—+5.8% +11.0%
10 years +112.5%—+134.4% +258.0%
10 years, per year +7.8%—+8.9% +13.6%

Risk

MeasureMLPMRPFORSPY
Volatility, 1Y 35.5%31.7%33.7% 12.7%
Downside volatility, 1Y 32.1%33.6%31.9% 12.7%
Beta vs S&P 500, 1Y 0.290.720.82 1.00
Return / volatility, 1Y -0.37-0.83-0.03 1.02
Max drawdown, 5Y -46.3%-40.3%-54.7% -25.4%
From 52-week high -29.9%-27.4%-18.7% -1.8%
52-week high $19.92$32.90$31.98 $779.14
52-week low $13.96$21.21$23.09 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMLPMRPFOR
P/E now vs peer median -60.0xmedian 7.8x 8.3xmedian 7.8x 7.8xmedian 7.8x
P/S now vs peer median 17.2xmedian 4.9x 4.8xmedian 4.9x 0.8xmedian 4.9x
EV/EBITDA now vs peer median —median 11.2x —median 11.2x 8.0xmedian 11.2x
P/FCF now vs peer median -33.9xmedian 6.4x 1.0xmedian 6.4x 4.7xmedian 6.4x
P/B now vs peer median 8.9xmedian 0.6x 0.6xmedian 0.6x 0.7xmedian 0.6x
PEG now vs peer median -2.42median 0.33 —median 0.33 1.67median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMLPMRPFOR
Revenue $16.15M $760.54M $1.72B
Gross profit $9.37M – $368.90M
Operating income -$5.87M $647.29M $213.60M
Net income -$5.87M $476.06M $170.50M
Free cash flow -$8.19M $3.75B $282.90M
EPS (diluted) $-0.23 $2.87 $3.32
Cash & equivalents $3.28M $34.17M $394.90M
Total debt $8.50M $2.48B $793.80M
Shares (diluted) 20.40M 166.06M 51.30M
Enterprise value $265.31M $3.66B -$4.81M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMLPMRPFOR
P/E -60.0x 8.3x 7.8x
P/FCF -33.9x 1.0x 4.7x
P/Operating cash flow 779.4x 1.0x 4.7x
P/S 17.2x 4.8x 0.8x
P/B 8.9x 0.6x 0.7x
P/Tangible book 8.9x 0.6x 0.7x
EV/EBITDA – – 8.0x
EV/EBIT -48.2x 9.5x 8.1x
EV/Revenue 17.5x 8.1x 1.0x
EV/FCF -34.5x 1.6x 6.1x
EV/Operating cash flow 794.1x 1.6x 6.1x
PEG (3Y EPS CAGR) -2.42 – 1.67

Growth

14 metrics
MetricMLPMRPFOR
Revenue growth (1Y) -4.1% – 11.8%
Revenue CAGR (3Y) 19.4% – 10.8%
Gross profit growth (1Y) 17.6% – 6.7%
Gross profit CAGR (3Y) 9.0% – 9.9%
Operating income growth (1Y) 10.5% 1,405% 5.7%
Operating income CAGR (3Y) -21.8% – 5.4%
Net income growth (1Y) 10.5% 1,962% 4.9%
Net income CAGR (3Y) 18.5% – 5.5%
EPS growth (1Y) 67.6% 890.5% 4.1%
EPS CAGR (3Y) 24.8% – 4.7%
Operating cash flow growth (1Y) 78.9% 3,932% 184.8%
Operating cash flow CAGR (3Y) 27.2% – 3.6%
Free cash flow growth (1Y) -94.9% 589.0% 183.9%
Free cash flow CAGR (3Y) -9.2% – 3.7%

Profitability

14 metrics
MetricMLPMRPFOR
Gross margin 58.0% – 21.4%
EBITDA margin – – 12.6%
Operating margin -36.3% 85.1% 12.4%
Pretax margin -36.3% 65.1% 13.1%
Net margin -28.6% 62.6% 9.9%
FCF margin -50.7% 492.6% 16.4%
Operating cash flow margin 2.2% 492.6% 16.5%
Return on equity -18.6% 8.1% 9.3%
Return on assets -12.0% 4.9% 5.3%
Return on invested capital – 7.5% 6.1%
Return on capital employed -13.9% – –
Asset turnover 0.3x 0.1x 0.5x
Cash conversion (OCF / net income) -0.1x 7.9x 1.7x
Stock comp / revenue – 0.2% 0.5%

Financial Health

11 metrics
MetricMLPMRPFOR
Debt / assets 17.1% 25.5% 24.6%
Debt / equity 0.3x 0.4x 0.4x
Net debt / EBITDA – – 1.8x
Debt / FCF -1.0x 0.7x 2.8x
Liabilities / assets 37.4% 39.7% 42.3%
Equity / assets 62.6% 60.3% 57.7%
Interest coverage – 4.1x –
Current ratio 1.2x – –
Quick ratio 0.8x – –
Cash ratio 0.5x – –
Altman Z-score 6.81 – –

Shareholder Returns

7 metrics
MetricMLPMRPFOR
Dividend yield – 12.8% –
Net buyback yield – – 0.0%
Shareholder yield 0.0% 12.8% 0.0%
Payout ratio (earnings) – 102.2% –
Payout ratio (FCF) – 13.0% –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMLPMRPFOR
Forward P/E – 7.3xFY2026 8.5xFY2026
EPS, next fiscal year – $3.26FY2026 $3.06FY2026
EPS growth, next FY – +33.6%FY2026 -7.0%FY2026
EPS growth, the year after – -7.1% -12.4%
Revenue, next fiscal year – $840.33MFY2026 $1.77BFY2026
Revenue growth, next FY – +39.9%FY2026 +6.9%FY2026
Revenue growth, the year after – +11.7% +1.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMLPMRPFOR
Held by institutions 23.5% 89.6% 36.6%
Institutions holding 66 523 185
Change in shares held, QoQ +28.9% +1.8% +0.1%
Institutions buying 23 280 97
Institutions selling 26 136 49
Buyers to sellers 0.88 2.06 1.98

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MLPMRPFOR
MLP 1.00 0.18 0.23
MRP 0.18 1.00 0.55
FOR 0.23 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MLP, MRP and FOR?

Millrose Properties (MRP) is the largest by market capitalisation: Maui Land & Pineapple (MLP) $282.78M, Millrose Properties (MRP) $4.02B, Forestar (FOR) $1.34B.

Which stock is cheaper, MLP, MRP and FOR?

Forestar (FOR) trades on the lowest price-to-earnings ratio (Maui Land & Pineapple (MLP) -61.1x, Millrose Properties (MRP) 8.5x, Forestar (FOR) 7.9x). On next year's consensus earnings, Millrose Properties (MRP) is cheapest (Millrose Properties (MRP) 7.3x, Forestar (FOR) 8.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Forestar (FOR) grew revenue fastest over the trailing twelve months: Maui Land & Pineapple (MLP) -4.1%, Forestar (FOR) +11.8%.

Which company is more profitable?

Millrose Properties (MRP) has the highest net margin (Maui Land & Pineapple (MLP) -28.6%, Millrose Properties (MRP) 62.6%, Forestar (FOR) 9.9%). On return on invested capital, Millrose Properties (MRP) leads (Millrose Properties (MRP) 7.5%, Forestar (FOR) 6.1%).

Which stock has performed better?

Over the past year Forestar (FOR) returned the most: Maui Land & Pineapple (MLP) -13.0%, Millrose Properties (MRP) -26.3%, Forestar (FOR) -1.0%. Over five years, Maui Land & Pineapple (MLP) compounded fastest (Maui Land & Pineapple (MLP) +6.0%/yr, Forestar (FOR) +5.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Maui Land & Pineapple (MLP) 0.00%, Millrose Properties (MRP) 0.12%, Forestar (FOR) 0.00%. Maui Land & Pineapple (MLP) and Forestar (FOR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Millrose Properties (MRP) has been the steadiest (Maui Land & Pineapple (MLP) 35.5%, Millrose Properties (MRP) 31.7%, Forestar (FOR) 33.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MLP, MRP and FOR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millrose Properties (MRP) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.