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Side-by-side financial comparison of ARVINAS, INC. (ARVN) 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 $41.9M, roughly 1.9× ARVINAS, INC.). Prairie Operating Co. runs the higher net margin — 1.7% vs -83.8%, a 85.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 10.0%).

Arvinas, Inc. is a clinical-stage biotechnology company focused on developing targeted protein degradation therapies, including PROTAC molecules, to treat cancer and rare diseases. It operates primarily in the U.S. and global biopharma markets, advancing multiple pipeline candidates through clinical trials to address unmet medical needs.

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.

ARVN vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.9× larger
PROP
$77.7M
$41.9M
ARVN
Higher net margin
PROP
PROP
85.4% more per $
PROP
1.7%
-83.8%
ARVN
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
10.0%
ARVN

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ARVN
ARVN
PROP
PROP
Revenue
$41.9M
$77.7M
Net Profit
$-35.1M
$1.3M
Gross Margin
Operating Margin
-104.5%
34.8%
Net Margin
-83.8%
1.7%
Revenue YoY
-59.1%
Net Profit YoY
28.7%
111.3%
EPS (diluted)
$-0.48
$-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
ARVN
ARVN
PROP
PROP
Q3 25
$41.9M
$77.7M
Q2 25
$68.1M
Q1 25
$188.8M
$13.6M
Q4 24
$59.2M
Q3 24
$102.4M
$0
Q2 24
$76.5M
Q1 24
$25.3M
Q4 23
$-43.1M
Net Profit
ARVN
ARVN
PROP
PROP
Q3 25
$-35.1M
$1.3M
Q2 25
$35.7M
Q1 25
$82.9M
$-2.6M
Q4 24
$-45.1M
Q3 24
$-49.2M
$-11.4M
Q2 24
$-35.2M
Q1 24
$-69.4M
Q4 23
$-154.8M
Operating Margin
ARVN
ARVN
PROP
PROP
Q3 25
-104.5%
34.8%
Q2 25
27.8%
Q1 25
37.8%
12.9%
Q4 24
-98.1%
Q3 24
-58.9%
Q2 24
-63.4%
Q1 24
-329.2%
Q4 23
383.5%
Net Margin
ARVN
ARVN
PROP
PROP
Q3 25
-83.8%
1.7%
Q2 25
52.4%
Q1 25
43.9%
-19.3%
Q4 24
-76.2%
Q3 24
-48.0%
Q2 24
-46.0%
Q1 24
-274.3%
Q4 23
359.2%
EPS (diluted)
ARVN
ARVN
PROP
PROP
Q3 25
$-0.48
$-0.44
Q2 25
$0.18
Q1 25
$1.14
$-3.49
Q4 24
$-0.63
Q3 24
$-0.68
$-0.68
Q2 24
$-0.49
Q1 24
$-0.97
Q4 23
$-2.65

Balance Sheet & Financial Strength

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

Metric
ARVN
ARVN
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$787.6M
$10.6M
Total DebtLower is stronger
$600.0K
Stockholders' EquityBook value
$564.4M
$101.8M
Total Assets
$844.3M
$939.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARVN
ARVN
PROP
PROP
Q3 25
$787.6M
$10.6M
Q2 25
$10.7M
Q1 25
$954.3M
$15.0M
Q4 24
$1.0B
Q3 24
$1.1B
$40.1M
Q2 24
$1.2B
Q1 24
$1.2B
Q4 23
$1.3B
Total Debt
ARVN
ARVN
PROP
PROP
Q3 25
$600.0K
Q2 25
$387.0M
Q1 25
$700.0K
$377.0M
Q4 24
$800.0K
Q3 24
$800.0K
Q2 24
$900.0K
Q1 24
$900.0K
Q4 23
$1.0M
Stockholders' Equity
ARVN
ARVN
PROP
PROP
Q3 25
$564.4M
$101.8M
Q2 25
$94.2M
Q1 25
$660.1M
$34.0M
Q4 24
$561.7M
Q3 24
$586.0M
$61.3M
Q2 24
$600.2M
Q1 24
$609.7M
Q4 23
$660.0M
Total Assets
ARVN
ARVN
PROP
PROP
Q3 25
$844.3M
$939.8M
Q2 25
$858.5M
Q1 25
$1.0B
$775.4M
Q4 24
$1.1B
Q3 24
$1.2B
$107.2M
Q2 24
$1.3B
Q1 24
$1.2B
Q4 23
$1.3B
Debt / Equity
ARVN
ARVN
PROP
PROP
Q3 25
0.00×
Q2 25
4.11×
Q1 25
0.00×
11.07×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×
Q4 23
0.00×

Cash Flow & Capital Efficiency

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

Metric
ARVN
ARVN
PROP
PROP
Operating Cash FlowLast quarter
$-59.1M
$57.7M
Free Cash FlowOCF − Capex
$-59.2M
FCF MarginFCF / Revenue
-141.3%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$-361.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARVN
ARVN
PROP
PROP
Q3 25
$-59.1M
$57.7M
Q2 25
$-7.2M
Q1 25
$-88.9M
$16.9M
Q4 24
$-84.1M
Q3 24
$-128.0M
$2.8M
Q2 24
$50.3M
Q1 24
$-97.5M
Q4 23
$-83.1M
Free Cash Flow
ARVN
ARVN
PROP
PROP
Q3 25
$-59.2M
Q2 25
Q1 25
$-89.3M
Q4 24
$-84.4M
Q3 24
$-128.7M
Q2 24
$49.6M
Q1 24
$-97.6M
Q4 23
$-83.2M
FCF Margin
ARVN
ARVN
PROP
PROP
Q3 25
-141.3%
Q2 25
Q1 25
-47.3%
Q4 24
-142.6%
Q3 24
-125.7%
Q2 24
64.8%
Q1 24
-385.8%
Q4 23
193.0%
Capex Intensity
ARVN
ARVN
PROP
PROP
Q3 25
0.2%
Q2 25
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.7%
Q2 24
0.9%
Q1 24
0.4%
Q4 23
-0.2%
Cash Conversion
ARVN
ARVN
PROP
PROP
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
-1.07×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARVN
ARVN

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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