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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) 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 $51.5M, roughly 1.5× Black Rock Coffee Bar, Inc.). Prairie Operating Co. runs the higher net margin — 1.7% vs -1.4%, a 3.0% gap on every dollar of revenue.

Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.

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.

BRCB vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.5× larger
PROP
$77.7M
$51.5M
BRCB
Higher net margin
PROP
PROP
3.0% more per $
PROP
1.7%
-1.4%
BRCB

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BRCB
BRCB
PROP
PROP
Revenue
$51.5M
$77.7M
Net Profit
$-712.0K
$1.3M
Gross Margin
Operating Margin
-12.4%
34.8%
Net Margin
-1.4%
1.7%
Revenue YoY
Net Profit YoY
111.3%
EPS (diluted)
$-0.05
$-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
BRCB
BRCB
PROP
PROP
Q3 25
$51.5M
$77.7M
Q2 25
$68.1M
Q1 25
$13.6M
Q3 24
$0
Q3 23
$458.0K
Q2 23
$179.3K
Q4 22
$0
Q3 22
$8.0K
Net Profit
BRCB
BRCB
PROP
PROP
Q3 25
$-712.0K
$1.3M
Q2 25
$35.7M
Q1 25
$-2.6M
Q3 24
$-11.4M
Q3 23
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Q3 22
$-309.5K
Operating Margin
BRCB
BRCB
PROP
PROP
Q3 25
-12.4%
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q3 24
Q3 23
-1379.0%
Q2 23
-1593.5%
Q4 22
Q3 22
-3890.8%
Net Margin
BRCB
BRCB
PROP
PROP
Q3 25
-1.4%
1.7%
Q2 25
52.4%
Q1 25
-19.3%
Q3 24
Q3 23
-7515.2%
Q2 23
-11792.9%
Q4 22
Q3 22
-3890.8%
EPS (diluted)
BRCB
BRCB
PROP
PROP
Q3 25
$-0.05
$-0.44
Q2 25
$0.18
Q1 25
$-3.49
Q3 24
$-0.68
Q3 23
$-5.24
Q2 23
$-5.39
Q4 22
Q3 22

Balance Sheet & Financial Strength

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

Metric
BRCB
BRCB
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$32.6M
$10.6M
Total DebtLower is stronger
$20.0M
Stockholders' EquityBook value
$43.0M
$101.8M
Total Assets
$323.2M
$939.8M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCB
BRCB
PROP
PROP
Q3 25
$32.6M
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$40.1M
Q3 23
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Q3 22
$451.2K
Total Debt
BRCB
BRCB
PROP
PROP
Q3 25
$20.0M
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q3 23
Q2 23
$2.1M
Q4 22
Q3 22
Stockholders' Equity
BRCB
BRCB
PROP
PROP
Q3 25
$43.0M
$101.8M
Q2 25
$94.2M
Q1 25
$34.0M
Q3 24
$61.3M
Q3 23
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Q3 22
$-100.5K
Total Assets
BRCB
BRCB
PROP
PROP
Q3 25
$323.2M
$939.8M
Q2 25
$858.5M
Q1 25
$775.4M
Q3 24
$107.2M
Q3 23
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Q3 22
$12.7M
Debt / Equity
BRCB
BRCB
PROP
PROP
Q3 25
0.46×
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q3 23
Q2 23
0.27×
Q4 22
Q3 22

Cash Flow & Capital Efficiency

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

Metric
BRCB
BRCB
PROP
PROP
Operating Cash FlowLast quarter
$-2.9M
$57.7M
Free Cash FlowOCF − Capex
$-25.8M
FCF MarginFCF / Revenue
-50.2%
Capex IntensityCapex / Revenue
44.5%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCB
BRCB
PROP
PROP
Q3 25
$-2.9M
$57.7M
Q2 25
$-7.2M
Q1 25
$16.9M
Q3 24
$2.8M
Q3 23
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Q3 22
$-448.3K
Free Cash Flow
BRCB
BRCB
PROP
PROP
Q3 25
$-25.8M
Q2 25
Q1 25
Q3 24
Q3 23
Q2 23
Q4 22
Q3 22
FCF Margin
BRCB
BRCB
PROP
PROP
Q3 25
-50.2%
Q2 25
Q1 25
Q3 24
Q3 23
Q2 23
Q4 22
Q3 22
Capex Intensity
BRCB
BRCB
PROP
PROP
Q3 25
44.5%
Q2 25
Q1 25
Q3 24
Q3 23
0.0%
Q2 23
Q4 22
Q3 22
0.0%
Cash Conversion
BRCB
BRCB
PROP
PROP
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
Q3 23
Q2 23
Q4 22
Q3 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRCB
BRCB

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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