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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $77.7M, roughly 1.4× Prairie Operating Co.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 1.7%, a 4.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs -0.1%).

Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

AAT vs PROP — Head-to-Head

Bigger by revenue
AAT
AAT
1.4× larger
AAT
$110.6M
$77.7M
PROP
Higher net margin
AAT
AAT
4.4% more per $
AAT
6.1%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
AAT
AAT
PROP
PROP
Revenue
$110.6M
$77.7M
Net Profit
$6.7M
$1.3M
Gross Margin
Operating Margin
23.4%
34.8%
Net Margin
6.1%
1.7%
Revenue YoY
1.8%
Net Profit YoY
-16.3%
111.3%
EPS (diluted)
$0.08
$-0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAT
AAT
PROP
PROP
Q1 26
$110.6M
Q4 25
$110.1M
Q3 25
$109.6M
$77.7M
Q2 25
$107.9M
$68.1M
Q1 25
$108.6M
$13.6M
Q4 24
$113.5M
Q3 24
$122.8M
$0
Q2 24
$110.9M
Net Profit
AAT
AAT
PROP
PROP
Q1 26
$6.7M
Q4 25
Q3 25
$4.5M
$1.3M
Q2 25
$5.5M
$35.7M
Q1 25
$42.5M
$-2.6M
Q4 24
Q3 24
$16.7M
$-11.4M
Q2 24
$11.9M
Gross Margin
AAT
AAT
PROP
PROP
Q1 26
Q4 25
59.4%
Q3 25
60.5%
Q2 25
62.6%
Q1 25
62.0%
Q4 24
61.3%
Q3 24
65.5%
Q2 24
63.6%
Operating Margin
AAT
AAT
PROP
PROP
Q1 26
23.4%
Q4 25
21.1%
Q3 25
22.6%
34.8%
Q2 25
24.1%
27.8%
Q1 25
66.3%
12.9%
Q4 24
26.5%
Q3 24
30.8%
Q2 24
27.8%
Net Margin
AAT
AAT
PROP
PROP
Q1 26
6.1%
Q4 25
Q3 25
4.1%
1.7%
Q2 25
5.1%
52.4%
Q1 25
39.2%
-19.3%
Q4 24
Q3 24
13.6%
Q2 24
10.7%
EPS (diluted)
AAT
AAT
PROP
PROP
Q1 26
$0.08
Q4 25
$0.06
Q3 25
$0.07
$-0.44
Q2 25
$0.09
$0.18
Q1 25
$0.70
$-3.49
Q4 24
$0.14
Q3 24
$0.28
$-0.68
Q2 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAT
AAT
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$118.3M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$101.8M
Total Assets
$2.9B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
PROP
PROP
Q1 26
$118.3M
Q4 25
$129.4M
Q3 25
$138.7M
$10.6M
Q2 25
$143.7M
$10.7M
Q1 25
$143.9M
$15.0M
Q4 24
$425.7M
Q3 24
$533.0M
$40.1M
Q2 24
$114.9M
Total Debt
AAT
AAT
PROP
PROP
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
AAT
AAT
PROP
PROP
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.2B
$101.8M
Q2 25
$1.2B
$94.2M
Q1 25
$1.2B
$34.0M
Q4 24
$1.2B
Q3 24
$1.2B
$61.3M
Q2 24
$1.2B
Total Assets
AAT
AAT
PROP
PROP
Q1 26
$2.9B
Q4 25
$2.9B
Q3 25
$2.9B
$939.8M
Q2 25
$3.0B
$858.5M
Q1 25
$3.0B
$775.4M
Q4 24
$3.3B
Q3 24
$3.4B
$107.2M
Q2 24
$3.0B
Debt / Equity
AAT
AAT
PROP
PROP
Q1 26
Q4 25
1.48×
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
1.72×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAT
AAT
PROP
PROP
Operating Cash FlowLast quarter
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
14.5%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
PROP
PROP
Q1 26
Q4 25
$167.1M
Q3 25
$40.5M
$57.7M
Q2 25
$49.2M
$-7.2M
Q1 25
$36.9M
$16.9M
Q4 24
$207.1M
Q3 24
$52.4M
$2.8M
Q2 24
$59.3M
Free Cash Flow
AAT
AAT
PROP
PROP
Q1 26
Q4 25
$94.9M
Q3 25
$23.1M
Q2 25
$28.4M
Q1 25
$20.4M
Q4 24
$136.9M
Q3 24
$28.0M
Q2 24
$43.6M
FCF Margin
AAT
AAT
PROP
PROP
Q1 26
Q4 25
86.2%
Q3 25
21.1%
Q2 25
26.3%
Q1 25
18.8%
Q4 24
120.7%
Q3 24
22.8%
Q2 24
39.3%
Capex Intensity
AAT
AAT
PROP
PROP
Q1 26
14.5%
Q4 25
65.6%
Q3 25
15.9%
Q2 25
19.3%
Q1 25
15.1%
Q4 24
61.9%
Q3 24
19.9%
Q2 24
14.1%
Cash Conversion
AAT
AAT
PROP
PROP
Q1 26
Q4 25
Q3 25
8.98×
44.80×
Q2 25
9.01×
-0.20×
Q1 25
0.87×
Q4 24
Q3 24
3.15×
Q2 24
4.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAT
AAT

Rental income$104.4M94%
Other$6.2M6%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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