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

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $77.7M, roughly 1.8× Prairie Operating Co.). Prairie Operating Co. runs the higher net margin — 1.7% vs -32.9%, a 34.6% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 22.1%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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.

MXL vs PROP — Head-to-Head

Bigger by revenue
MXL
MXL
1.8× larger
MXL
$137.2M
$77.7M
PROP
Higher net margin
PROP
PROP
34.6% more per $
PROP
1.7%
-32.9%
MXL
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
22.1%
MXL

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
MXL
MXL
PROP
PROP
Revenue
$137.2M
$77.7M
Net Profit
$-45.1M
$1.3M
Gross Margin
57.5%
Operating Margin
30.0%
34.8%
Net Margin
-32.9%
1.7%
Revenue YoY
43.0%
Net Profit YoY
-203.0%
111.3%
EPS (diluted)
$-0.52
$-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
MXL
MXL
PROP
PROP
Q1 26
$137.2M
Q4 25
$136.4M
Q3 25
$126.5M
$77.7M
Q2 25
$108.8M
$68.1M
Q1 25
$95.9M
$13.6M
Q4 24
$92.2M
Q3 24
$81.1M
$0
Q2 24
$92.0M
Net Profit
MXL
MXL
PROP
PROP
Q1 26
$-45.1M
Q4 25
$-14.9M
Q3 25
$-45.5M
$1.3M
Q2 25
$-26.6M
$35.7M
Q1 25
$-49.7M
$-2.6M
Q4 24
$-57.8M
Q3 24
$-75.8M
$-11.4M
Q2 24
$-39.3M
Gross Margin
MXL
MXL
PROP
PROP
Q1 26
57.5%
Q4 25
57.6%
Q3 25
56.9%
Q2 25
56.5%
Q1 25
56.1%
Q4 24
55.6%
Q3 24
54.4%
Q2 24
54.6%
Operating Margin
MXL
MXL
PROP
PROP
Q1 26
30.0%
Q4 25
-10.9%
Q3 25
-32.7%
34.8%
Q2 25
-22.6%
27.8%
Q1 25
-48.0%
12.9%
Q4 24
-44.7%
Q3 24
-82.3%
Q2 24
-44.4%
Net Margin
MXL
MXL
PROP
PROP
Q1 26
-32.9%
Q4 25
-10.9%
Q3 25
-36.0%
1.7%
Q2 25
-24.4%
52.4%
Q1 25
-51.8%
-19.3%
Q4 24
-62.8%
Q3 24
-93.4%
Q2 24
-42.7%
EPS (diluted)
MXL
MXL
PROP
PROP
Q1 26
$-0.52
Q4 25
$-0.17
Q3 25
$-0.52
$-0.44
Q2 25
$-0.31
$0.18
Q1 25
$-0.58
$-3.49
Q4 24
$-0.68
Q3 24
$-0.90
$-0.68
Q2 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
MXL
MXL
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$61.1M
$10.6M
Total DebtLower is stronger
$123.8M
Stockholders' EquityBook value
$454.2M
$101.8M
Total Assets
$771.3M
$939.8M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
PROP
PROP
Q1 26
$61.1M
Q4 25
$72.8M
Q3 25
$111.9M
$10.6M
Q2 25
$108.6M
$10.7M
Q1 25
$102.8M
$15.0M
Q4 24
$118.6M
Q3 24
$148.5M
$40.1M
Q2 24
$185.1M
Total Debt
MXL
MXL
PROP
PROP
Q1 26
$123.8M
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MXL
MXL
PROP
PROP
Q1 26
$454.2M
Q4 25
$451.9M
Q3 25
$464.7M
$101.8M
Q2 25
$488.3M
$94.2M
Q1 25
$493.2M
$34.0M
Q4 24
$516.3M
Q3 24
$556.9M
$61.3M
Q2 24
$617.3M
Total Assets
MXL
MXL
PROP
PROP
Q1 26
$771.3M
Q4 25
$796.4M
Q3 25
$808.1M
$939.8M
Q2 25
$863.7M
$858.5M
Q1 25
$855.3M
$775.4M
Q4 24
$864.6M
Q3 24
$895.3M
$107.2M
Q2 24
$973.2M
Debt / Equity
MXL
MXL
PROP
PROP
Q1 26
0.27×
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MXL
MXL
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
MXL
MXL
PROP
PROP
Q1 26
Q4 25
$10.4M
Q3 25
$10.1M
$57.7M
Q2 25
$10.5M
$-7.2M
Q1 25
$-11.4M
$16.9M
Q4 24
$-27.8M
Q3 24
$-30.7M
$2.8M
Q2 24
$-2.7M
Free Cash Flow
MXL
MXL
PROP
PROP
Q1 26
Q4 25
$6.7M
Q3 25
$4.4M
Q2 25
$9.3M
Q1 25
$-13.4M
Q4 24
$-30.0M
Q3 24
$-34.9M
Q2 24
$-5.7M
FCF Margin
MXL
MXL
PROP
PROP
Q1 26
Q4 25
4.9%
Q3 25
3.5%
Q2 25
8.6%
Q1 25
-14.0%
Q4 24
-32.6%
Q3 24
-43.0%
Q2 24
-6.2%
Capex Intensity
MXL
MXL
PROP
PROP
Q1 26
Q4 25
2.7%
Q3 25
4.5%
Q2 25
1.1%
Q1 25
2.1%
Q4 24
2.4%
Q3 24
5.1%
Q2 24
3.3%
Cash Conversion
MXL
MXL
PROP
PROP
Q1 26
Q4 25
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MXL
MXL

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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