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Side-by-side financial comparison of Karooooo Ltd. (KARO) 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 $58.4M, roughly 1.3× Karooooo Ltd.). Karooooo Ltd. runs the higher net margin — 20.8% vs 1.7%, a 19.2% gap on every dollar of revenue.

Karooooo Ltd is a global mobility telematics provider operating primarily under its Cartrack brand. It delivers connected vehicle solutions, fleet management services, stolen vehicle recovery support, and driver safety tools, serving both individual consumers and enterprise clients across Africa, Europe, and the Asia Pacific region.

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.

KARO vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.3× larger
PROP
$77.7M
$58.4M
KARO
Higher net margin
KARO
KARO
19.2% more per $
KARO
20.8%
1.7%
PROP

Income Statement — Q1 FY2025 vs Q3 FY2025

Metric
KARO
KARO
PROP
PROP
Revenue
$58.4M
$77.7M
Net Profit
$12.2M
$1.3M
Gross Margin
69.1%
Operating Margin
27.7%
34.8%
Net Margin
20.8%
1.7%
Revenue YoY
Net Profit YoY
111.3%
EPS (diluted)
$-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
KARO
KARO
PROP
PROP
Q3 25
$77.7M
Q2 25
$68.1M
Q1 25
$13.6M
Q3 24
$0
Q2 24
$58.4M
Q3 23
$458.0K
Q2 23
$179.3K
Q4 22
$0
Net Profit
KARO
KARO
PROP
PROP
Q3 25
$1.3M
Q2 25
$35.7M
Q1 25
$-2.6M
Q3 24
$-11.4M
Q2 24
$12.2M
Q3 23
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Gross Margin
KARO
KARO
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
69.1%
Q3 23
Q2 23
Q4 22
Operating Margin
KARO
KARO
PROP
PROP
Q3 25
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q3 24
Q2 24
27.7%
Q3 23
-1379.0%
Q2 23
-1593.5%
Q4 22
Net Margin
KARO
KARO
PROP
PROP
Q3 25
1.7%
Q2 25
52.4%
Q1 25
-19.3%
Q3 24
Q2 24
20.8%
Q3 23
-7515.2%
Q2 23
-11792.9%
Q4 22
EPS (diluted)
KARO
KARO
PROP
PROP
Q3 25
$-0.44
Q2 25
$0.18
Q1 25
$-3.49
Q3 24
$-0.68
Q2 24
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
KARO
KARO
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$53.8M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$170.4M
$101.8M
Total Assets
$246.5M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KARO
KARO
PROP
PROP
Q3 25
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$40.1M
Q2 24
$53.8M
Q3 23
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Total Debt
KARO
KARO
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
KARO
KARO
PROP
PROP
Q3 25
$101.8M
Q2 25
$94.2M
Q1 25
$34.0M
Q3 24
$61.3M
Q2 24
$170.4M
Q3 23
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Total Assets
KARO
KARO
PROP
PROP
Q3 25
$939.8M
Q2 25
$858.5M
Q1 25
$775.4M
Q3 24
$107.2M
Q2 24
$246.5M
Q3 23
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Debt / Equity
KARO
KARO
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
KARO
KARO
PROP
PROP
Operating Cash FlowLast quarter
$45.2M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.71×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KARO
KARO
PROP
PROP
Q3 25
$57.7M
Q2 25
$-7.2M
Q1 25
$16.9M
Q3 24
$2.8M
Q2 24
$45.2M
Q3 23
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Capex Intensity
KARO
KARO
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q3 23
0.0%
Q2 23
Q4 22
Cash Conversion
KARO
KARO
PROP
PROP
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
Q2 24
3.71×
Q3 23
Q2 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

KARO
KARO

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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