Yep. Theo MBR is typically better than Demo MBR (but not always), because Theo has a -25% additional government bonus for PM prices, so jumping as a TMBR from private is usually a higher jump and a higher resell margin of profit.

It takes longer to jump the same amount of stockpile as a Demo (because military ~22% is cheaper in PM for a Theo, so it takes ~22% longer to jump), hence DMBR _can_ be better, particularly if you take full advantage of Demo's reselling capabilities while jumping from PM (still with a big pile of cash on hand).