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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $50.4M, roughly 1.5× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 1.7%, a 418.6% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 108.0%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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.

ARR vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.5× larger
PROP
$77.7M
$50.4M
ARR
Higher net margin
ARR
ARR
418.6% more per $
ARR
420.2%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
108.0%
ARR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
PROP
PROP
Revenue
$50.4M
$77.7M
Net Profit
$211.7M
$1.3M
Gross Margin
Operating Margin
34.8%
Net Margin
420.2%
1.7%
Revenue YoY
297.9%
Net Profit YoY
555.9%
111.3%
EPS (diluted)
$2.43
$-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
ARR
ARR
PROP
PROP
Q4 25
$50.4M
Q3 25
$38.5M
$77.7M
Q2 25
$33.1M
$68.1M
Q1 25
$36.3M
$13.6M
Q4 24
$12.7M
Q3 24
$0
Q2 24
$7.0M
Q3 23
$458.0K
Net Profit
ARR
ARR
PROP
PROP
Q4 25
$211.7M
Q3 25
$159.3M
$1.3M
Q2 25
$-75.6M
$35.7M
Q1 25
$27.3M
$-2.6M
Q4 24
$-46.4M
Q3 24
$-11.4M
Q2 24
$-48.4M
Q3 23
$-34.4M
Operating Margin
ARR
ARR
PROP
PROP
Q4 25
Q3 25
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q4 24
Q3 24
Q2 24
Q3 23
-1379.0%
Net Margin
ARR
ARR
PROP
PROP
Q4 25
420.2%
Q3 25
413.5%
1.7%
Q2 25
-228.4%
52.4%
Q1 25
75.2%
-19.3%
Q4 24
-366.8%
Q3 24
Q2 24
-693.8%
Q3 23
-7515.2%
EPS (diluted)
ARR
ARR
PROP
PROP
Q4 25
$2.43
Q3 25
$1.49
$-0.44
Q2 25
$-0.94
$0.18
Q1 25
$0.32
$-3.49
Q4 24
$-0.91
Q3 24
$-0.68
Q2 24
$-1.05
Q3 23
$-5.24

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$63.3M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$101.8M
Total Assets
$21.0B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
PROP
PROP
Q4 25
$63.3M
Q3 25
$44.2M
$10.6M
Q2 25
$141.2M
$10.7M
Q1 25
$49.1M
$15.0M
Q4 24
$68.0M
Q3 24
$40.1M
Q2 24
$126.6M
Q3 23
$7.2M
Total Debt
ARR
ARR
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q3 23
Stockholders' Equity
ARR
ARR
PROP
PROP
Q4 25
$2.3B
Q3 25
$2.1B
$101.8M
Q2 25
$1.7B
$94.2M
Q1 25
$1.7B
$34.0M
Q4 24
$1.4B
Q3 24
$61.3M
Q2 24
$1.2B
Q3 23
$-64.0M
Total Assets
ARR
ARR
PROP
PROP
Q4 25
$21.0B
Q3 25
$19.4B
$939.8M
Q2 25
$16.2B
$858.5M
Q1 25
$15.5B
$775.4M
Q4 24
$13.5B
Q3 24
$107.2M
Q2 24
$10.1B
Q3 23
$40.1M
Debt / Equity
ARR
ARR
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24
Q3 23

Cash Flow & Capital Efficiency

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

Metric
ARR
ARR
PROP
PROP
Operating Cash FlowLast quarter
$124.2M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.59×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
PROP
PROP
Q4 25
$124.2M
Q3 25
$-37.8M
$57.7M
Q2 25
$25.0M
$-7.2M
Q1 25
$101.5M
$16.9M
Q4 24
$261.5M
Q3 24
$2.8M
Q2 24
$27.1M
Q3 23
$-2.9M
Capex Intensity
ARR
ARR
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q3 23
0.0%
Cash Conversion
ARR
ARR
PROP
PROP
Q4 25
0.59×
Q3 25
-0.24×
44.80×
Q2 25
-0.20×
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

PROP
PROP

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

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