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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) 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 $66.8M, roughly 1.2× NACCO INDUSTRIES INC). Prairie Operating Co. runs the higher net margin — 1.7% vs -5.8%, a 7.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 11.9%).

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

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.

NC vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.2× larger
PROP
$77.7M
$66.8M
NC
Higher net margin
PROP
PROP
7.4% more per $
PROP
1.7%
-5.8%
NC
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
11.9%
NC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NC
NC
PROP
PROP
Revenue
$66.8M
$77.7M
Net Profit
$-3.8M
$1.3M
Gross Margin
18.0%
Operating Margin
11.3%
34.8%
Net Margin
-5.8%
1.7%
Revenue YoY
-5.2%
Net Profit YoY
-150.8%
111.3%
EPS (diluted)
$-0.53
$-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
NC
NC
PROP
PROP
Q4 25
$66.8M
Q3 25
$76.6M
$77.7M
Q2 25
$68.2M
$68.1M
Q1 25
$65.6M
$13.6M
Q4 24
$70.4M
Q3 24
$61.7M
$0
Q2 24
$52.3M
Q1 24
$53.3M
Net Profit
NC
NC
PROP
PROP
Q4 25
$-3.8M
Q3 25
$13.3M
$1.3M
Q2 25
$3.3M
$35.7M
Q1 25
$4.9M
$-2.6M
Q4 24
$7.6M
Q3 24
$15.6M
$-11.4M
Q2 24
$6.0M
Q1 24
$4.6M
Gross Margin
NC
NC
PROP
PROP
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Q1 24
13.2%
Operating Margin
NC
NC
PROP
PROP
Q4 25
11.3%
Q3 25
8.8%
34.8%
Q2 25
-0.1%
27.8%
Q1 25
11.7%
12.9%
Q4 24
5.5%
Q3 24
31.9%
Q2 24
14.1%
Q1 24
8.9%
Net Margin
NC
NC
PROP
PROP
Q4 25
-5.8%
Q3 25
17.3%
1.7%
Q2 25
4.8%
52.4%
Q1 25
7.5%
-19.3%
Q4 24
10.7%
Q3 24
25.4%
Q2 24
11.4%
Q1 24
8.6%
EPS (diluted)
NC
NC
PROP
PROP
Q4 25
$-0.53
Q3 25
$1.78
$-0.44
Q2 25
$0.44
$0.18
Q1 25
$0.66
$-3.49
Q4 24
$0.99
Q3 24
$2.14
$-0.68
Q2 24
$0.81
Q1 24
$0.61

Balance Sheet & Financial Strength

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

Metric
NC
NC
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$49.7M
$10.6M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$429.2M
$101.8M
Total Assets
$661.2M
$939.8M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NC
NC
PROP
PROP
Q4 25
$49.7M
Q3 25
$52.7M
$10.6M
Q2 25
$49.4M
$10.7M
Q1 25
$61.9M
$15.0M
Q4 24
$72.8M
Q3 24
$63.1M
$40.1M
Q2 24
$62.4M
Q1 24
$61.8M
Total Debt
NC
NC
PROP
PROP
Q4 25
$100.8M
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
NC
NC
PROP
PROP
Q4 25
$429.2M
Q3 25
$426.4M
$101.8M
Q2 25
$413.1M
$94.2M
Q1 25
$409.1M
$34.0M
Q4 24
$404.9M
Q3 24
$397.3M
$61.3M
Q2 24
$384.1M
Q1 24
$381.6M
Total Assets
NC
NC
PROP
PROP
Q4 25
$661.2M
Q3 25
$637.6M
$939.8M
Q2 25
$631.3M
$858.5M
Q1 25
$634.2M
$775.4M
Q4 24
$631.7M
Q3 24
$597.4M
$107.2M
Q2 24
$560.1M
Q1 24
$538.0M
Debt / Equity
NC
NC
PROP
PROP
Q4 25
0.23×
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
NC
NC
PROP
PROP
Operating Cash FlowLast quarter
$11.4M
$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
NC
NC
PROP
PROP
Q4 25
$11.4M
Q3 25
$42.3M
$57.7M
Q2 25
$-7.8M
$-7.2M
Q1 25
$5.0M
$16.9M
Q4 24
$25.2M
Q3 24
$2.8M
$2.8M
Q2 24
$4.1M
Q1 24
$-9.8M
Cash Conversion
NC
NC
PROP
PROP
Q4 25
Q3 25
3.19×
44.80×
Q2 25
-2.39×
-0.20×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×
Q1 24
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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