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

LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $77.7M, roughly 1.1× Prairie Operating Co.). LXP Industrial Trust runs the higher net margin — 33.2% vs 1.7%, a 31.5% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 0.3%).

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

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.

LXP vs PROP — Head-to-Head

Bigger by revenue
LXP
LXP
1.1× larger
LXP
$86.7M
$77.7M
PROP
Higher net margin
LXP
LXP
31.5% more per $
LXP
33.2%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
0.3%
LXP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LXP
LXP
PROP
PROP
Revenue
$86.7M
$77.7M
Net Profit
$28.8M
$1.3M
Gross Margin
81.5%
Operating Margin
34.6%
34.8%
Net Margin
33.2%
1.7%
Revenue YoY
-14.0%
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
LXP
LXP
PROP
PROP
Q4 25
$86.7M
Q3 25
$86.9M
$77.7M
Q2 25
$87.7M
$68.1M
Q1 25
$88.9M
$13.6M
Q4 24
$100.9M
Q3 24
$85.6M
$0
Q2 24
$85.8M
Q1 24
$86.3M
Net Profit
LXP
LXP
PROP
PROP
Q4 25
$28.8M
Q3 25
$36.3M
$1.3M
Q2 25
$29.1M
$35.7M
Q1 25
$19.0M
$-2.6M
Q4 24
Q3 24
$6.3M
$-11.4M
Q2 24
$5.4M
Q1 24
$-269.0K
Gross Margin
LXP
LXP
PROP
PROP
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
LXP
LXP
PROP
PROP
Q4 25
34.6%
Q3 25
50.4%
34.8%
Q2 25
33.7%
27.8%
Q1 25
21.8%
12.9%
Q4 24
Q3 24
7.9%
Q2 24
6.9%
Q1 24
1.0%
Net Margin
LXP
LXP
PROP
PROP
Q4 25
33.2%
Q3 25
41.7%
1.7%
Q2 25
33.2%
52.4%
Q1 25
21.4%
-19.3%
Q4 24
Q3 24
7.4%
Q2 24
6.3%
Q1 24
-0.3%
EPS (diluted)
LXP
LXP
PROP
PROP
Q4 25
Q3 25
$0.12
$-0.44
Q2 25
$0.09
$0.18
Q1 25
$0.06
$-3.49
Q4 24
Q3 24
$0.02
$-0.68
Q2 24
$0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
LXP
LXP
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$170.4M
$10.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.0B
$101.8M
Total Assets
$3.5B
$939.8M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
PROP
PROP
Q4 25
$170.4M
Q3 25
$229.7M
$10.6M
Q2 25
$71.0M
$10.7M
Q1 25
$70.9M
$15.0M
Q4 24
$101.8M
Q3 24
$55.0M
$40.1M
Q2 24
$48.7M
Q1 24
$293.8M
Total Debt
LXP
LXP
PROP
PROP
Q4 25
$1.4B
Q3 25
$1.5B
Q2 25
$1.5B
$387.0M
Q1 25
$1.5B
$377.0M
Q4 24
$1.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LXP
LXP
PROP
PROP
Q4 25
$2.0B
Q3 25
$2.1B
$101.8M
Q2 25
$2.1B
$94.2M
Q1 25
$2.1B
$34.0M
Q4 24
$2.1B
Q3 24
$2.1B
$61.3M
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
LXP
LXP
PROP
PROP
Q4 25
$3.5B
Q3 25
$3.7B
$939.8M
Q2 25
$3.7B
$858.5M
Q1 25
$3.8B
$775.4M
Q4 24
$3.8B
Q3 24
$3.9B
$107.2M
Q2 24
$3.9B
Q1 24
$4.2B
Debt / Equity
LXP
LXP
PROP
PROP
Q4 25
0.66×
Q3 25
0.72×
Q2 25
0.72×
4.11×
Q1 25
0.73×
11.07×
Q4 24
0.75×
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
LXP
LXP
PROP
PROP
Operating Cash FlowLast quarter
$188.7M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.56×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
PROP
PROP
Q4 25
$188.7M
Q3 25
$63.5M
$57.7M
Q2 25
$44.3M
$-7.2M
Q1 25
$39.0M
$16.9M
Q4 24
$211.2M
Q3 24
$64.6M
$2.8M
Q2 24
$38.5M
Q1 24
$38.9M
Cash Conversion
LXP
LXP
PROP
PROP
Q4 25
6.56×
Q3 25
1.75×
44.80×
Q2 25
1.52×
-0.20×
Q1 25
2.05×
Q4 24
Q3 24
10.18×
Q2 24
7.09×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LXP
LXP

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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