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Side-by-side financial comparison of Bank First Corp (BFC) 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 $44.9M, roughly 1.7× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 1.7%, a 44.1% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 9.1%).

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

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.

BFC vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.7× larger
PROP
$77.7M
$44.9M
BFC
Higher net margin
BFC
BFC
44.1% more per $
BFC
45.8%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
9.1%
BFC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFC
BFC
PROP
PROP
Revenue
$44.9M
$77.7M
Net Profit
$18.4M
$1.3M
Gross Margin
Operating Margin
51.0%
34.8%
Net Margin
45.8%
1.7%
Revenue YoY
12.1%
Net Profit YoY
4.8%
111.3%
EPS (diluted)
$1.87
$-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
BFC
BFC
PROP
PROP
Q4 25
$44.9M
Q3 25
$44.2M
$77.7M
Q2 25
$41.6M
$68.1M
Q1 25
$43.1M
$13.6M
Q4 24
$40.1M
Q3 24
$40.8M
$0
Q2 24
$38.9M
Q1 24
$37.7M
Net Profit
BFC
BFC
PROP
PROP
Q4 25
$18.4M
Q3 25
$18.0M
$1.3M
Q2 25
$16.9M
$35.7M
Q1 25
$18.2M
$-2.6M
Q4 24
$17.5M
Q3 24
$16.6M
$-11.4M
Q2 24
$16.1M
Q1 24
$15.4M
Operating Margin
BFC
BFC
PROP
PROP
Q4 25
51.0%
Q3 25
50.8%
34.8%
Q2 25
49.7%
27.8%
Q1 25
51.3%
12.9%
Q4 24
54.4%
Q3 24
50.7%
Q2 24
51.0%
Q1 24
45.6%
Net Margin
BFC
BFC
PROP
PROP
Q4 25
45.8%
Q3 25
40.7%
1.7%
Q2 25
40.5%
52.4%
Q1 25
42.3%
-19.3%
Q4 24
49.3%
Q3 24
40.6%
Q2 24
41.3%
Q1 24
40.8%
EPS (diluted)
BFC
BFC
PROP
PROP
Q4 25
$1.87
Q3 25
$1.83
$-0.44
Q2 25
$1.71
$0.18
Q1 25
$1.82
$-3.49
Q4 24
$1.75
Q3 24
$1.65
$-0.68
Q2 24
$1.59
Q1 24
$1.51

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$243.2M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$643.8M
$101.8M
Total Assets
$4.5B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
PROP
PROP
Q4 25
$243.2M
Q3 25
$126.2M
$10.6M
Q2 25
$120.3M
$10.7M
Q1 25
$300.9M
$15.0M
Q4 24
$261.3M
Q3 24
$204.4M
$40.1M
Q2 24
$99.0M
Q1 24
$83.4M
Total Debt
BFC
BFC
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BFC
BFC
PROP
PROP
Q4 25
$643.8M
Q3 25
$628.1M
$101.8M
Q2 25
$612.3M
$94.2M
Q1 25
$648.4M
$34.0M
Q4 24
$639.7M
Q3 24
$628.9M
$61.3M
Q2 24
$614.6M
Q1 24
$609.3M
Total Assets
BFC
BFC
PROP
PROP
Q4 25
$4.5B
Q3 25
$4.4B
$939.8M
Q2 25
$4.4B
$858.5M
Q1 25
$4.5B
$775.4M
Q4 24
$4.5B
Q3 24
$4.3B
$107.2M
Q2 24
$4.1B
Q1 24
$4.1B
Debt / Equity
BFC
BFC
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BFC
BFC
PROP
PROP
Operating Cash FlowLast quarter
$62.5M
$57.7M
Free Cash FlowOCF − Capex
$51.0M
FCF MarginFCF / Revenue
113.6%
Capex IntensityCapex / Revenue
25.5%
Cash ConversionOCF / Net Profit
3.40×
44.80×
TTM Free Cash FlowTrailing 4 quarters
$75.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
PROP
PROP
Q4 25
$62.5M
Q3 25
$15.5M
$57.7M
Q2 25
$11.9M
$-7.2M
Q1 25
$6.2M
$16.9M
Q4 24
$65.8M
Q3 24
$18.8M
$2.8M
Q2 24
$14.9M
Q1 24
$1.3M
Free Cash Flow
BFC
BFC
PROP
PROP
Q4 25
$51.0M
Q3 25
$12.5M
Q2 25
$8.2M
Q1 25
$4.0M
Q4 24
$58.6M
Q3 24
$16.9M
Q2 24
$13.7M
Q1 24
$551.0K
FCF Margin
BFC
BFC
PROP
PROP
Q4 25
113.6%
Q3 25
28.2%
Q2 25
19.8%
Q1 25
9.3%
Q4 24
146.3%
Q3 24
41.5%
Q2 24
35.3%
Q1 24
1.5%
Capex Intensity
BFC
BFC
PROP
PROP
Q4 25
25.5%
Q3 25
6.7%
Q2 25
8.7%
Q1 25
5.0%
Q4 24
18.0%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
2.1%
Cash Conversion
BFC
BFC
PROP
PROP
Q4 25
3.40×
Q3 25
0.86×
44.80×
Q2 25
0.70×
-0.20×
Q1 25
0.34×
Q4 24
3.75×
Q3 24
1.13×
Q2 24
0.93×
Q1 24
0.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFC
BFC

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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