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

Fathom Holdings Inc. is the larger business by last-quarter revenue ($90.6M vs $77.7M, roughly 1.2× Prairie Operating Co.). Prairie Operating Co. runs the higher net margin — 1.7% vs -7.4%, a 9.1% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 13.4%).

Fathom Holdings Inc. is a US-based real estate technology and services enterprise. It provides end-to-end solutions for real estate agents, brokers, and consumers, including digital transaction management tools, mortgage services, title insurance, and residential property brokerage services, covering most regional markets across the United States.

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.

FTHM vs PROP — Head-to-Head

Bigger by revenue
FTHM
FTHM
1.2× larger
FTHM
$90.6M
$77.7M
PROP
Higher net margin
PROP
PROP
9.1% more per $
PROP
1.7%
-7.4%
FTHM
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
13.4%
FTHM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FTHM
FTHM
PROP
PROP
Revenue
$90.6M
$77.7M
Net Profit
$-6.7M
$1.3M
Gross Margin
Operating Margin
-5.2%
34.8%
Net Margin
-7.4%
1.7%
Revenue YoY
-1.2%
Net Profit YoY
-7.7%
111.3%
EPS (diluted)
$-0.20
$-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
FTHM
FTHM
PROP
PROP
Q4 25
$90.6M
Q3 25
$115.3M
$77.7M
Q2 25
$121.4M
$68.1M
Q1 25
$93.1M
$13.6M
Q4 24
$91.7M
Q3 24
$83.7M
$0
Q2 24
$89.2M
Q1 24
$70.5M
Net Profit
FTHM
FTHM
PROP
PROP
Q4 25
$-6.7M
Q3 25
$-4.4M
$1.3M
Q2 25
$-3.6M
$35.7M
Q1 25
$-5.6M
$-2.6M
Q4 24
$-6.2M
Q3 24
$-8.1M
$-11.4M
Q2 24
$-1.3M
Q1 24
$-5.9M
Operating Margin
FTHM
FTHM
PROP
PROP
Q4 25
-5.2%
Q3 25
-3.5%
34.8%
Q2 25
-2.0%
27.8%
Q1 25
-4.8%
12.9%
Q4 24
-7.0%
Q3 24
-9.3%
Q2 24
-4.1%
Q1 24
-8.0%
Net Margin
FTHM
FTHM
PROP
PROP
Q4 25
-7.4%
Q3 25
-3.8%
1.7%
Q2 25
-3.0%
52.4%
Q1 25
-6.1%
-19.3%
Q4 24
-6.8%
Q3 24
-9.7%
Q2 24
-1.5%
Q1 24
-8.4%
EPS (diluted)
FTHM
FTHM
PROP
PROP
Q4 25
$-0.20
Q3 25
$-0.15
$-0.44
Q2 25
$-0.13
$0.18
Q1 25
$-0.24
$-3.49
Q4 24
$-0.29
Q3 24
$-0.40
$-0.68
Q2 24
$-0.07
Q1 24
$-0.31

Balance Sheet & Financial Strength

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

Metric
FTHM
FTHM
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$5.8M
$10.6M
Total DebtLower is stronger
$5.6M
Stockholders' EquityBook value
$37.4M
$101.8M
Total Assets
$78.0M
$939.8M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTHM
FTHM
PROP
PROP
Q4 25
$5.8M
Q3 25
$9.8M
$10.6M
Q2 25
$4.9M
$10.7M
Q1 25
$8.0M
$15.0M
Q4 24
$7.1M
Q3 24
$13.1M
$40.1M
Q2 24
$10.4M
Q1 24
$5.7M
Total Debt
FTHM
FTHM
PROP
PROP
Q4 25
$5.6M
Q3 25
$5.1M
Q2 25
$5.1M
$387.0M
Q1 25
$5.1M
$377.0M
Q4 24
$9.5M
Q3 24
$8.8M
Q2 24
$3.6M
Q1 24
$3.7M
Stockholders' Equity
FTHM
FTHM
PROP
PROP
Q4 25
$37.4M
Q3 25
$43.4M
$101.8M
Q2 25
$40.7M
$94.2M
Q1 25
$43.4M
$34.0M
Q4 24
$44.7M
Q3 24
$47.1M
$61.3M
Q2 24
$53.1M
Q1 24
$51.9M
Total Assets
FTHM
FTHM
PROP
PROP
Q4 25
$78.0M
Q3 25
$83.2M
$939.8M
Q2 25
$80.4M
$858.5M
Q1 25
$81.0M
$775.4M
Q4 24
$75.4M
Q3 24
$80.9M
$107.2M
Q2 24
$80.2M
Q1 24
$78.2M
Debt / Equity
FTHM
FTHM
PROP
PROP
Q4 25
0.15×
Q3 25
0.12×
Q2 25
0.12×
4.11×
Q1 25
0.12×
11.07×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
FTHM
FTHM
PROP
PROP
Operating Cash FlowLast quarter
$-20.5M
$57.7M
Free Cash FlowOCF − Capex
$-20.7M
FCF MarginFCF / Revenue
-22.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTHM
FTHM
PROP
PROP
Q4 25
$-20.5M
Q3 25
$3.0M
$57.7M
Q2 25
$-5.9M
$-7.2M
Q1 25
$-5.7M
$16.9M
Q4 24
$-4.7M
Q3 24
$-330.0K
$2.8M
Q2 24
$-3.1M
Q1 24
$-947.0K
Free Cash Flow
FTHM
FTHM
PROP
PROP
Q4 25
$-20.7M
Q3 25
$3.0M
Q2 25
$-6.0M
Q1 25
$-5.8M
Q4 24
$-4.7M
Q3 24
$-364.0K
Q2 24
$-3.1M
Q1 24
$-948.0K
FCF Margin
FTHM
FTHM
PROP
PROP
Q4 25
-22.8%
Q3 25
2.6%
Q2 25
-4.9%
Q1 25
-6.2%
Q4 24
-5.2%
Q3 24
-0.4%
Q2 24
-3.5%
Q1 24
-1.3%
Capex Intensity
FTHM
FTHM
PROP
PROP
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
FTHM
FTHM
PROP
PROP
Q4 25
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTHM
FTHM

Real Estate Brokerage$84.9M94%
Mortgage Segment$3.4M4%
Other$2.3M3%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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