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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

DORIAN LPG LTD. is the larger business by last-quarter revenue ($120.0M vs $77.7M, roughly 1.5× Prairie Operating Co.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs 1.7%, a 37.7% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs -7.9%).

Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.

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.

LPG vs PROP — Head-to-Head

Bigger by revenue
LPG
LPG
1.5× larger
LPG
$120.0M
$77.7M
PROP
Higher net margin
LPG
LPG
37.7% more per $
LPG
39.3%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
-7.9%
LPG

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
LPG
LPG
PROP
PROP
Revenue
$120.0M
$77.7M
Net Profit
$47.2M
$1.3M
Gross Margin
Operating Margin
42.8%
34.8%
Net Margin
39.3%
1.7%
Revenue YoY
48.7%
Net Profit YoY
120.9%
111.3%
EPS (diluted)
$1.11
$-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
LPG
LPG
PROP
PROP
Q4 25
$120.0M
Q3 25
$124.1M
$77.7M
Q2 25
$84.2M
$68.1M
Q1 25
$75.9M
$13.6M
Q4 24
$80.7M
Q3 24
$82.4M
$0
Q2 24
$114.4M
Q1 24
$141.4M
Net Profit
LPG
LPG
PROP
PROP
Q4 25
$47.2M
Q3 25
$55.4M
$1.3M
Q2 25
$10.1M
$35.7M
Q1 25
$8.1M
$-2.6M
Q4 24
$21.4M
Q3 24
$9.4M
$-11.4M
Q2 24
$51.3M
Q1 24
$79.2M
Operating Margin
LPG
LPG
PROP
PROP
Q4 25
42.8%
Q3 25
47.8%
34.8%
Q2 25
18.5%
27.8%
Q1 25
19.4%
12.9%
Q4 24
29.0%
Q3 24
23.2%
Q2 24
48.5%
Q1 24
58.3%
Net Margin
LPG
LPG
PROP
PROP
Q4 25
39.3%
Q3 25
44.6%
1.7%
Q2 25
12.0%
52.4%
Q1 25
10.7%
-19.3%
Q4 24
26.5%
Q3 24
11.4%
Q2 24
44.9%
Q1 24
56.0%
EPS (diluted)
LPG
LPG
PROP
PROP
Q4 25
$1.11
Q3 25
$1.30
$-0.44
Q2 25
$0.24
$0.18
Q1 25
$0.17
$-3.49
Q4 24
$0.50
Q3 24
$0.22
$-0.68
Q2 24
$1.25
Q1 24
$1.96

Balance Sheet & Financial Strength

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

Metric
LPG
LPG
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$294.5M
$10.6M
Total DebtLower is stronger
$513.2M
Stockholders' EquityBook value
$1.1B
$101.8M
Total Assets
$1.8B
$939.8M
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPG
LPG
PROP
PROP
Q4 25
$294.5M
Q3 25
$268.3M
$10.6M
Q2 25
$277.9M
$10.7M
Q1 25
$316.9M
$15.0M
Q4 24
$314.5M
Q3 24
$348.6M
$40.1M
Q2 24
$353.3M
Q1 24
$282.5M
Total Debt
LPG
LPG
PROP
PROP
Q4 25
$513.2M
Q3 25
$526.4M
Q2 25
$539.6M
$387.0M
Q1 25
$553.3M
$377.0M
Q4 24
$565.9M
Q3 24
$579.0M
Q2 24
$592.1M
Q1 24
$605.1M
Stockholders' Equity
LPG
LPG
PROP
PROP
Q4 25
$1.1B
Q3 25
$1.1B
$101.8M
Q2 25
$1.0B
$94.2M
Q1 25
$1.0B
$34.0M
Q4 24
$1.1B
Q3 24
$1.1B
$61.3M
Q2 24
$1.1B
Q1 24
$1.0B
Total Assets
LPG
LPG
PROP
PROP
Q4 25
$1.8B
Q3 25
$1.8B
$939.8M
Q2 25
$1.7B
$858.5M
Q1 25
$1.8B
$775.4M
Q4 24
$1.8B
Q3 24
$1.9B
$107.2M
Q2 24
$1.9B
Q1 24
$1.8B
Debt / Equity
LPG
LPG
PROP
PROP
Q4 25
0.47×
Q3 25
0.49×
Q2 25
0.52×
4.11×
Q1 25
0.53×
11.07×
Q4 24
0.53×
Q3 24
0.53×
Q2 24
0.53×
Q1 24
0.59×

Cash Flow & Capital Efficiency

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

Metric
LPG
LPG
PROP
PROP
Operating Cash FlowLast quarter
$80.8M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.71×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPG
LPG
PROP
PROP
Q4 25
$80.8M
Q3 25
$46.4M
$57.7M
Q2 25
$814.5K
$-7.2M
Q1 25
$50.2M
$16.9M
Q4 24
$24.3M
Q3 24
$57.3M
$2.8M
Q2 24
$41.2M
Q1 24
$154.2M
Cash Conversion
LPG
LPG
PROP
PROP
Q4 25
1.71×
Q3 25
0.84×
44.80×
Q2 25
0.08×
-0.20×
Q1 25
6.20×
Q4 24
1.14×
Q3 24
6.08×
Q2 24
0.80×
Q1 24
1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPG
LPG

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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