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Side-by-side financial comparison of LSI INDUSTRIES INC (LYTS) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

LSI INDUSTRIES INC is the larger business by last-quarter revenue ($143.9M vs $77.7M, roughly 1.9× Prairie Operating Co.). Prairie Operating Co. runs the higher net margin — 1.7% vs 1.4%, a 0.3% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 2.1%).

LSI Logic Corporation was an American ASIC and EDA company founded in Santa Clara, California. The company designed and sold semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.

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.

LYTS vs PROP — Head-to-Head

Bigger by revenue
LYTS
LYTS
1.9× larger
LYTS
$143.9M
$77.7M
PROP
Higher net margin
PROP
PROP
0.3% more per $
PROP
1.7%
1.4%
LYTS
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
2.1%
LYTS

Income Statement — Q1 FY2027 vs Q3 FY2025

Metric
LYTS
LYTS
PROP
PROP
Revenue
$143.9M
$77.7M
Net Profit
$2.0M
$1.3M
Gross Margin
Operating Margin
34.8%
Net Margin
1.4%
1.7%
Revenue YoY
-4.4%
Net Profit YoY
-4.8%
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
LYTS
LYTS
PROP
PROP
Q3 26
$143.9M
Q1 26
$143.9M
Q4 25
$147.0M
Q3 25
$157.2M
$77.7M
Q2 25
$155.1M
$68.1M
Q1 25
$132.5M
$13.6M
Q4 24
$147.7M
Q3 24
$138.1M
$0
Net Profit
LYTS
LYTS
PROP
PROP
Q3 26
$2.0M
Q1 26
$2.0M
Q4 25
$6.3M
Q3 25
$7.3M
$1.3M
Q2 25
$8.2M
$35.7M
Q1 25
$3.9M
$-2.6M
Q4 24
$5.6M
Q3 24
$6.7M
$-11.4M
Gross Margin
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
25.5%
Q3 25
25.6%
Q2 25
26.1%
Q1 25
24.8%
Q4 24
23.6%
Q3 24
24.4%
Operating Margin
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
6.0%
Q3 25
7.0%
34.8%
Q2 25
7.7%
27.8%
Q1 25
4.7%
12.9%
Q4 24
5.7%
Q3 24
6.6%
Net Margin
LYTS
LYTS
PROP
PROP
Q3 26
1.4%
Q1 26
1.4%
Q4 25
4.3%
Q3 25
4.6%
1.7%
Q2 25
5.3%
52.4%
Q1 25
2.9%
-19.3%
Q4 24
3.8%
Q3 24
4.8%
EPS (diluted)
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
$0.20
Q3 25
$0.23
$-0.44
Q2 25
$0.26
$0.18
Q1 25
$0.13
$-3.49
Q4 24
$0.18
Q3 24
$0.22
$-0.68

Balance Sheet & Financial Strength

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

Metric
LYTS
LYTS
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$10.6M
Total DebtLower is stronger
$261.0M
Stockholders' EquityBook value
$352.8M
$101.8M
Total Assets
$800.5M
$939.8M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
$6.4M
Q3 25
$7.1M
$10.6M
Q2 25
$3.5M
$10.7M
Q1 25
$4.3M
$15.0M
Q4 24
$4.7M
Q3 24
$7.0M
$40.1M
Total Debt
LYTS
LYTS
PROP
PROP
Q3 26
$261.0M
Q1 26
$261.0M
Q4 25
$27.9M
Q3 25
$50.7M
Q2 25
$48.6M
$387.0M
Q1 25
$55.4M
$377.0M
Q4 24
$38.2M
Q3 24
$47.7M
Stockholders' Equity
LYTS
LYTS
PROP
PROP
Q3 26
$352.8M
Q1 26
$352.8M
Q4 25
$248.1M
Q3 25
$241.3M
$101.8M
Q2 25
$230.7M
$94.2M
Q1 25
$221.7M
$34.0M
Q4 24
$217.1M
Q3 24
$211.2M
$61.3M
Total Assets
LYTS
LYTS
PROP
PROP
Q3 26
$800.5M
Q1 26
$800.5M
Q4 25
$396.3M
Q3 25
$404.9M
$939.8M
Q2 25
$396.4M
$858.5M
Q1 25
$384.6M
$775.4M
Q4 24
$344.5M
Q3 24
$349.5M
$107.2M
Debt / Equity
LYTS
LYTS
PROP
PROP
Q3 26
0.74×
Q1 26
0.74×
Q4 25
0.11×
Q3 25
0.21×
Q2 25
0.21×
4.11×
Q1 25
0.25×
11.07×
Q4 24
0.18×
Q3 24
0.23×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
$25.0M
Q3 25
$676.0K
$57.7M
Q2 25
$9.5M
$-7.2M
Q1 25
$6.9M
$16.9M
Q4 24
$9.9M
Q3 24
$11.8M
$2.8M
Free Cash Flow
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
$23.3M
Q3 25
$-291.0K
Q2 25
$8.5M
Q1 25
$6.2M
Q4 24
$8.8M
Q3 24
$11.1M
FCF Margin
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
15.8%
Q3 25
-0.2%
Q2 25
5.5%
Q1 25
4.7%
Q4 24
6.0%
Q3 24
8.0%
Capex Intensity
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
1.1%
Q3 25
0.6%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
0.7%
Q3 24
0.5%
Cash Conversion
LYTS
LYTS
PROP
PROP
Q3 26
Q1 26
Q4 25
3.94×
Q3 25
0.09×
44.80×
Q2 25
1.16×
-0.20×
Q1 25
1.77×
Q4 24
1.75×
Q3 24
1.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LYTS
LYTS

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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