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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $77.7M, roughly 1.0× Prairie Operating Co.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 1.7%, a 27.2% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 1.8%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

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.

EFC vs PROP — Head-to-Head

Bigger by revenue
EFC
EFC
1.0× larger
EFC
$78.2M
$77.7M
PROP
Higher net margin
EFC
EFC
27.2% more per $
EFC
28.9%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EFC
EFC
PROP
PROP
Revenue
$78.2M
$77.7M
Net Profit
$22.6M
$1.3M
Gross Margin
Operating Margin
7.4%
34.8%
Net Margin
28.9%
1.7%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
111.3%
EPS (diluted)
$0.10
$-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
EFC
EFC
PROP
PROP
Q4 25
$78.2M
Q3 25
$82.8M
$77.7M
Q2 25
$92.5M
$68.1M
Q1 25
$82.9M
$13.6M
Q4 24
$72.0M
Q3 24
$67.0M
$0
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
PROP
PROP
Q4 25
$22.6M
Q3 25
$29.5M
$1.3M
Q2 25
$42.9M
$35.7M
Q1 25
$31.6M
$-2.6M
Q4 24
$30.7M
Q3 24
$16.2M
$-11.4M
Q2 24
$52.3M
Q1 24
$26.9M
Operating Margin
EFC
EFC
PROP
PROP
Q4 25
7.4%
Q3 25
31.1%
34.8%
Q2 25
38.3%
27.8%
Q1 25
37.3%
12.9%
Q4 24
28.0%
Q3 24
24.0%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
EFC
EFC
PROP
PROP
Q4 25
28.9%
Q3 25
35.7%
1.7%
Q2 25
46.4%
52.4%
Q1 25
38.2%
-19.3%
Q4 24
42.6%
Q3 24
24.1%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
PROP
PROP
Q4 25
$0.10
Q3 25
$0.29
$-0.44
Q2 25
$0.45
$0.18
Q1 25
$0.35
$-3.49
Q4 24
$0.23
Q3 24
$0.19
$-0.68
Q2 24
$0.62
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$201.9M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$101.8M
Total Assets
$19.4B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
PROP
PROP
Q4 25
$201.9M
Q3 25
$184.8M
$10.6M
Q2 25
$211.0M
$10.7M
Q1 25
$203.3M
$15.0M
Q4 24
$192.4M
Q3 24
$217.7M
$40.1M
Q2 24
$198.5M
Q1 24
$187.5M
Total Debt
EFC
EFC
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EFC
EFC
PROP
PROP
Q4 25
$1.8B
Q3 25
$1.8B
$101.8M
Q2 25
$1.7B
$94.2M
Q1 25
$1.6B
$34.0M
Q4 24
$1.6B
Q3 24
$1.6B
$61.3M
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
PROP
PROP
Q4 25
$19.4B
Q3 25
$17.8B
$939.8M
Q2 25
$17.1B
$858.5M
Q1 25
$16.6B
$775.4M
Q4 24
$16.3B
Q3 24
$16.0B
$107.2M
Q2 24
$15.1B
Q1 24
$15.1B
Debt / Equity
EFC
EFC
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
EFC
EFC
PROP
PROP
Operating Cash FlowLast quarter
$-925.5M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-40.92×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
PROP
PROP
Q4 25
$-925.5M
Q3 25
$-290.4M
$57.7M
Q2 25
$-210.5M
$-7.2M
Q1 25
$-126.4M
$16.9M
Q4 24
$-430.5M
Q3 24
$-141.7M
$2.8M
Q2 24
$-88.6M
Q1 24
$-59.5M
Capex Intensity
EFC
EFC
PROP
PROP
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
PROP
PROP
Q4 25
-40.92×
Q3 25
-9.84×
44.80×
Q2 25
-4.90×
-0.20×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

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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