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Side-by-side financial comparison of Honest Company, Inc. (HNST) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $77.7M, roughly 1.1× Prairie Operating Co.). Prairie Operating Co. runs the higher net margin — 1.7% vs -26.8%, a 28.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 1.0%).

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

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.

HNST vs PROP — Head-to-Head

Bigger by revenue
HNST
HNST
1.1× larger
HNST
$88.0M
$77.7M
PROP
Higher net margin
PROP
PROP
28.4% more per $
PROP
1.7%
-26.8%
HNST
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
1.0%
HNST

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HNST
HNST
PROP
PROP
Revenue
$88.0M
$77.7M
Net Profit
$-23.6M
$1.3M
Gross Margin
15.7%
Operating Margin
-27.5%
34.8%
Net Margin
-26.8%
1.7%
Revenue YoY
-11.8%
Net Profit YoY
-2813.2%
111.3%
EPS (diluted)
$-0.21
$-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
HNST
HNST
PROP
PROP
Q4 25
$88.0M
Q3 25
$92.6M
$77.7M
Q2 25
$93.5M
$68.1M
Q1 25
$97.3M
$13.6M
Q4 24
$99.8M
Q3 24
$99.2M
$0
Q2 24
$93.0M
Q1 24
$86.2M
Net Profit
HNST
HNST
PROP
PROP
Q4 25
$-23.6M
Q3 25
$758.0K
$1.3M
Q2 25
$3.9M
$35.7M
Q1 25
$3.3M
$-2.6M
Q4 24
$-809.0K
Q3 24
$165.0K
$-11.4M
Q2 24
$-4.1M
Q1 24
$-1.4M
Gross Margin
HNST
HNST
PROP
PROP
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
38.7%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
HNST
HNST
PROP
PROP
Q4 25
-27.5%
Q3 25
0.3%
34.8%
Q2 25
3.1%
27.8%
Q1 25
2.6%
12.9%
Q4 24
-1.0%
Q3 24
0.1%
Q2 24
-4.3%
Q1 24
-1.5%
Net Margin
HNST
HNST
PROP
PROP
Q4 25
-26.8%
Q3 25
0.8%
1.7%
Q2 25
4.1%
52.4%
Q1 25
3.3%
-19.3%
Q4 24
-0.8%
Q3 24
0.2%
Q2 24
-4.4%
Q1 24
-1.6%
EPS (diluted)
HNST
HNST
PROP
PROP
Q4 25
$-0.21
Q3 25
$0.01
$-0.44
Q2 25
$0.03
$0.18
Q1 25
$0.03
$-3.49
Q4 24
$-0.01
Q3 24
$0.00
$-0.68
Q2 24
$-0.04
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
HNST
HNST
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$89.6M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$169.7M
$101.8M
Total Assets
$225.4M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNST
HNST
PROP
PROP
Q4 25
$89.6M
Q3 25
$71.5M
$10.6M
Q2 25
$72.1M
$10.7M
Q1 25
$72.8M
$15.0M
Q4 24
$75.4M
Q3 24
$53.4M
$40.1M
Q2 24
$36.6M
Q1 24
$33.6M
Total Debt
HNST
HNST
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HNST
HNST
PROP
PROP
Q4 25
$169.7M
Q3 25
$190.2M
$101.8M
Q2 25
$187.0M
$94.2M
Q1 25
$180.4M
$34.0M
Q4 24
$174.3M
Q3 24
$133.9M
$61.3M
Q2 24
$129.7M
Q1 24
$124.8M
Total Assets
HNST
HNST
PROP
PROP
Q4 25
$225.4M
Q3 25
$241.5M
$939.8M
Q2 25
$249.0M
$858.5M
Q1 25
$265.3M
$775.4M
Q4 24
$247.4M
Q3 24
$209.2M
$107.2M
Q2 24
$200.2M
Q1 24
$198.1M
Debt / Equity
HNST
HNST
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
HNST
HNST
PROP
PROP
Operating Cash FlowLast quarter
$19.3M
$57.7M
Free Cash FlowOCF − Capex
$18.1M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNST
HNST
PROP
PROP
Q4 25
$19.3M
Q3 25
$-504.0K
$57.7M
Q2 25
$-745.0K
$-7.2M
Q1 25
$-2.9M
$16.9M
Q4 24
$-16.8M
Q3 24
$15.1M
$2.8M
Q2 24
$2.9M
Q1 24
$336.0K
Free Cash Flow
HNST
HNST
PROP
PROP
Q4 25
$18.1M
Q3 25
$-624.0K
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$15.0M
Q2 24
$2.9M
Q1 24
$260.0K
FCF Margin
HNST
HNST
PROP
PROP
Q4 25
20.5%
Q3 25
-0.7%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
15.1%
Q2 24
3.1%
Q1 24
0.3%
Capex Intensity
HNST
HNST
PROP
PROP
Q4 25
1.4%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
HNST
HNST
PROP
PROP
Q4 25
Q3 25
-0.66×
44.80×
Q2 25
-0.19×
-0.20×
Q1 25
-0.90×
Q4 24
Q3 24
91.42×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNST
HNST

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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