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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) 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 $71.0M, roughly 1.1× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs 1.7%, a 9.3% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.1× larger
PROP
$77.7M
$71.0M
CHR
Higher net margin
CHR
CHR
9.3% more per $
CHR
10.9%
1.7%
PROP

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CHR
CHR
PROP
PROP
Revenue
$71.0M
$77.7M
Net Profit
$7.8M
$1.3M
Gross Margin
70.7%
Operating Margin
11.7%
34.8%
Net Margin
10.9%
1.7%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
111.3%
EPS (diluted)
$0.67
$-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
CHR
CHR
PROP
PROP
Q3 25
$77.7M
Q2 25
$71.0M
$68.1M
Q1 25
$13.6M
Q3 24
$0
Q2 24
$71.1M
Q3 23
$458.0K
Q2 23
$179.3K
Q4 22
$0
Net Profit
CHR
CHR
PROP
PROP
Q3 25
$1.3M
Q2 25
$7.8M
$35.7M
Q1 25
$-2.6M
Q3 24
$-11.4M
Q2 24
$12.4M
Q3 23
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Gross Margin
CHR
CHR
PROP
PROP
Q3 25
Q2 25
70.7%
Q1 25
Q3 24
Q2 24
73.4%
Q3 23
Q2 23
Q4 22
Operating Margin
CHR
CHR
PROP
PROP
Q3 25
34.8%
Q2 25
11.7%
27.8%
Q1 25
12.9%
Q3 24
Q2 24
16.4%
Q3 23
-1379.0%
Q2 23
-1593.5%
Q4 22
Net Margin
CHR
CHR
PROP
PROP
Q3 25
1.7%
Q2 25
10.9%
52.4%
Q1 25
-19.3%
Q3 24
Q2 24
17.5%
Q3 23
-7515.2%
Q2 23
-11792.9%
Q4 22
EPS (diluted)
CHR
CHR
PROP
PROP
Q3 25
$-0.44
Q2 25
$0.67
$0.18
Q1 25
$-3.49
Q3 24
$-0.68
Q2 24
$1.23
Q3 23
$-5.24
Q2 23
$-5.39
Q4 22

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$101.8M
Total Assets
$362.7M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
PROP
PROP
Q3 25
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$40.1M
Q2 24
$186.1M
Q3 23
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Total Debt
CHR
CHR
PROP
PROP
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q2 24
Q3 23
Q2 23
$2.1M
Q4 22
Stockholders' Equity
CHR
CHR
PROP
PROP
Q3 25
$101.8M
Q2 25
$322.1M
$94.2M
Q1 25
$34.0M
Q3 24
$61.3M
Q2 24
$286.1M
Q3 23
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Total Assets
CHR
CHR
PROP
PROP
Q3 25
$939.8M
Q2 25
$362.7M
$858.5M
Q1 25
$775.4M
Q3 24
$107.2M
Q2 24
$333.2M
Q3 23
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Debt / Equity
CHR
CHR
PROP
PROP
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q2 24
Q3 23
Q2 23
0.27×
Q4 22

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
PROP
PROP
Operating Cash FlowLast quarter
$3.9M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
PROP
PROP
Q3 25
$57.7M
Q2 25
$3.9M
$-7.2M
Q1 25
$16.9M
Q3 24
$2.8M
Q2 24
$-6.7M
Q3 23
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Capex Intensity
CHR
CHR
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q3 23
0.0%
Q2 23
Q4 22
Cash Conversion
CHR
CHR
PROP
PROP
Q3 25
44.80×
Q2 25
0.51×
-0.20×
Q1 25
Q3 24
Q2 24
-0.54×
Q3 23
Q2 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

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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