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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.8× DYNEX CAPITAL INC). Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 75.8%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.8× larger
PROP
$77.7M
$43.5M
DX
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
75.8%
DX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DX
DX
PROP
PROP
Revenue
$43.5M
$77.7M
Net Profit
$1.3M
Gross Margin
Operating Margin
34.8%
Net Margin
1.7%
Revenue YoY
531.3%
Net Profit YoY
111.3%
EPS (diluted)
$1.59
$-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
DX
DX
PROP
PROP
Q4 25
$43.5M
Q3 25
$30.6M
$77.7M
Q2 25
$23.1M
$68.1M
Q1 25
$17.1M
$13.6M
Q3 24
$0
Q1 24
$-3.2M
Q3 23
$458.0K
Q2 23
$179.3K
Net Profit
DX
DX
PROP
PROP
Q4 25
Q3 25
$150.4M
$1.3M
Q2 25
$-13.6M
$35.7M
Q1 25
$-3.1M
$-2.6M
Q3 24
$-11.4M
Q1 24
$40.1M
Q3 23
$-34.4M
Q2 23
$-21.1M
Operating Margin
DX
DX
PROP
PROP
Q4 25
Q3 25
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q3 24
Q1 24
Q3 23
-1379.0%
Q2 23
-1593.5%
Net Margin
DX
DX
PROP
PROP
Q4 25
Q3 25
491.3%
1.7%
Q2 25
-58.8%
52.4%
Q1 25
-18.0%
-19.3%
Q3 24
Q1 24
-1256.8%
Q3 23
-7515.2%
Q2 23
-11792.9%
EPS (diluted)
DX
DX
PROP
PROP
Q4 25
$1.59
Q3 25
$1.08
$-0.44
Q2 25
$-0.14
$0.18
Q1 25
$-0.06
$-3.49
Q3 24
$-0.68
Q1 24
$0.64
Q3 23
$-5.24
Q2 23
$-5.39

Balance Sheet & Financial Strength

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

Metric
DX
DX
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$531.0M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$101.8M
Total Assets
$17.3B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
PROP
PROP
Q4 25
$531.0M
Q3 25
$491.0M
$10.6M
Q2 25
$387.5M
$10.7M
Q1 25
$327.4M
$15.0M
Q3 24
$40.1M
Q1 24
$295.7M
Q3 23
$7.2M
Q2 23
$8.6M
Total Debt
DX
DX
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q1 24
Q3 23
Q2 23
$2.1M
Stockholders' Equity
DX
DX
PROP
PROP
Q4 25
$2.5B
Q3 25
$2.0B
$101.8M
Q2 25
$1.6B
$94.2M
Q1 25
$1.4B
$34.0M
Q3 24
$61.3M
Q1 24
$958.5M
Q3 23
$-64.0M
Q2 23
$8.0M
Total Assets
DX
DX
PROP
PROP
Q4 25
$17.3B
Q3 25
$14.2B
$939.8M
Q2 25
$11.3B
$858.5M
Q1 25
$9.0B
$775.4M
Q3 24
$107.2M
Q1 24
$6.3B
Q3 23
$40.1M
Q2 23
$16.5M
Debt / Equity
DX
DX
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q1 24
Q3 23
Q2 23
0.27×

Cash Flow & Capital Efficiency

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

Metric
DX
DX
PROP
PROP
Operating Cash FlowLast quarter
$120.8M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
PROP
PROP
Q4 25
$120.8M
Q3 25
$68.3M
$57.7M
Q2 25
$31.9M
$-7.2M
Q1 25
$6.4M
$16.9M
Q3 24
$2.8M
Q1 24
$-17.1M
Q3 23
$-2.9M
Q2 23
$-5.1M
Capex Intensity
DX
DX
PROP
PROP
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
Q3 23
0.0%
Q2 23
Cash Conversion
DX
DX
PROP
PROP
Q4 25
Q3 25
0.45×
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
Q1 24
-0.43×
Q3 23
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

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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