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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) 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 $75.1M, roughly 1.0× SAUL CENTERS, INC.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs 1.7%, a 7.0% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 6.2%).

Saul Centers, Inc. is a self-administered real estate investment trust (REIT) headquartered in the United States. It primarily owns, operates, and develops high-quality shopping centers, mixed-use properties, and multifamily residential assets, with its core portfolio concentrated in the Washington D.C. metropolitan area and other select high-growth U.S. regional markets.

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.

BFS vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.0× larger
PROP
$77.7M
$75.1M
BFS
Higher net margin
BFS
BFS
7.0% more per $
BFS
8.7%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
6.2%
BFS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFS
BFS
PROP
PROP
Revenue
$75.1M
$77.7M
Net Profit
$6.5M
$1.3M
Gross Margin
Operating Margin
65.4%
34.8%
Net Margin
8.7%
1.7%
Revenue YoY
10.6%
Net Profit YoY
-19.6%
111.3%
EPS (diluted)
$0.15
$-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
BFS
BFS
PROP
PROP
Q4 25
$75.1M
Q3 25
$72.0M
$77.7M
Q2 25
$70.8M
$68.1M
Q1 25
$71.9M
$13.6M
Q4 24
$67.9M
Q3 24
$67.3M
$0
Q2 24
$66.9M
Q1 24
$66.7M
Net Profit
BFS
BFS
PROP
PROP
Q4 25
$6.5M
Q3 25
$10.5M
$1.3M
Q2 25
$10.7M
$35.7M
Q1 25
$9.8M
$-2.6M
Q4 24
$8.1M
Q3 24
$14.5M
$-11.4M
Q2 24
$14.4M
Q1 24
$13.6M
Gross Margin
BFS
BFS
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
73.6%
Q2 24
74.2%
Q1 24
72.8%
Operating Margin
BFS
BFS
PROP
PROP
Q4 25
65.4%
Q3 25
69.1%
34.8%
Q2 25
68.7%
27.8%
Q1 25
66.5%
12.9%
Q4 24
82.9%
Q3 24
72.8%
Q2 24
75.0%
Q1 24
72.4%
Net Margin
BFS
BFS
PROP
PROP
Q4 25
8.7%
Q3 25
14.6%
1.7%
Q2 25
15.1%
52.4%
Q1 25
13.6%
-19.3%
Q4 24
11.9%
Q3 24
21.5%
Q2 24
21.6%
Q1 24
20.4%
EPS (diluted)
BFS
BFS
PROP
PROP
Q4 25
$0.15
Q3 25
$0.32
$-0.44
Q2 25
$0.33
$0.18
Q1 25
$0.29
$-3.49
Q4 24
$0.22
Q3 24
$0.48
$-0.68
Q2 24
$0.48
Q1 24
$0.45

Balance Sheet & Financial Strength

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

Metric
BFS
BFS
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$8.7M
$10.6M
Total DebtLower is stronger
$468.4M
Stockholders' EquityBook value
$307.8M
$101.8M
Total Assets
$2.2B
$939.8M
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFS
BFS
PROP
PROP
Q4 25
$8.7M
Q3 25
$11.8M
$10.6M
Q2 25
$5.3M
$10.7M
Q1 25
$6.5M
$15.0M
Q4 24
$10.3M
Q3 24
$7.2M
$40.1M
Q2 24
$6.9M
Q1 24
$7.1M
Total Debt
BFS
BFS
PROP
PROP
Q4 25
$468.4M
Q3 25
$1.6B
Q2 25
$1.6B
$387.0M
Q1 25
$1.5B
$377.0M
Q4 24
$455.8M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BFS
BFS
PROP
PROP
Q4 25
$307.8M
Q3 25
$316.6M
$101.8M
Q2 25
$322.4M
$94.2M
Q1 25
$328.4M
$34.0M
Q4 24
$335.8M
Q3 24
$341.8M
$61.3M
Q2 24
$345.7M
Q1 24
$347.1M
Total Assets
BFS
BFS
PROP
PROP
Q4 25
$2.2B
Q3 25
$2.2B
$939.8M
Q2 25
$2.1B
$858.5M
Q1 25
$2.1B
$775.4M
Q4 24
$2.1B
Q3 24
$2.1B
$107.2M
Q2 24
$2.1B
Q1 24
$2.0B
Debt / Equity
BFS
BFS
PROP
PROP
Q4 25
1.52×
Q3 25
5.02×
Q2 25
4.85×
4.11×
Q1 25
4.70×
11.07×
Q4 24
1.36×
Q3 24
4.37×
Q2 24
4.17×
Q1 24
4.06×

Cash Flow & Capital Efficiency

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

Metric
BFS
BFS
PROP
PROP
Operating Cash FlowLast quarter
$99.8M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.35×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFS
BFS
PROP
PROP
Q4 25
$99.8M
Q3 25
$20.6M
$57.7M
Q2 25
$26.6M
$-7.2M
Q1 25
$30.4M
$16.9M
Q4 24
$121.2M
Q3 24
$26.5M
$2.8M
Q2 24
$32.1M
Q1 24
$33.8M
Free Cash Flow
BFS
BFS
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-28.3M
Q2 24
$-12.5M
Q1 24
$-11.7M
FCF Margin
BFS
BFS
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-42.1%
Q2 24
-18.7%
Q1 24
-17.6%
Capex Intensity
BFS
BFS
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
81.5%
Q2 24
66.7%
Q1 24
68.3%
Cash Conversion
BFS
BFS
PROP
PROP
Q4 25
15.35×
Q3 25
1.97×
44.80×
Q2 25
2.48×
-0.20×
Q1 25
3.10×
Q4 24
14.98×
Q3 24
1.83×
Q2 24
2.22×
Q1 24
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFS
BFS

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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