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Side-by-side financial comparison of NPK International Inc. (NPKI) 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 $75.2M, roughly 1.0× NPK International Inc.). Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 23.9%).

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.

NPKI vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.0× larger
PROP
$77.7M
$75.2M
NPKI
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
23.9%
NPKI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NPKI
NPKI
PROP
PROP
Revenue
$75.2M
$77.7M
Net Profit
$1.3M
Gross Margin
37.7%
Operating Margin
16.7%
34.8%
Net Margin
1.7%
Revenue YoY
30.7%
Net Profit YoY
111.3%
EPS (diluted)
$0.17
$-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
NPKI
NPKI
PROP
PROP
Q4 25
$75.2M
Q3 25
$68.8M
$77.7M
Q2 25
$68.2M
$68.1M
Q1 25
$64.8M
$13.6M
Q4 24
$57.5M
Q3 24
$44.2M
$0
Q2 24
$66.8M
Q1 24
$49.0M
Net Profit
NPKI
NPKI
PROP
PROP
Q4 25
Q3 25
$5.7M
$1.3M
Q2 25
$8.7M
$35.7M
Q1 25
$10.0M
$-2.6M
Q4 24
Q3 24
$-174.3M
$-11.4M
Q2 24
$8.0M
Q1 24
$7.3M
Gross Margin
NPKI
NPKI
PROP
PROP
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Q1 24
36.0%
Operating Margin
NPKI
NPKI
PROP
PROP
Q4 25
16.7%
Q3 25
13.2%
34.8%
Q2 25
17.0%
27.8%
Q1 25
20.9%
12.9%
Q4 24
20.2%
Q3 24
2.8%
Q2 24
18.7%
Q1 24
14.2%
Net Margin
NPKI
NPKI
PROP
PROP
Q4 25
Q3 25
8.2%
1.7%
Q2 25
12.7%
52.4%
Q1 25
15.4%
-19.3%
Q4 24
Q3 24
-394.3%
Q2 24
12.0%
Q1 24
14.9%
EPS (diluted)
NPKI
NPKI
PROP
PROP
Q4 25
$0.17
Q3 25
$0.07
$-0.44
Q2 25
$0.10
$0.18
Q1 25
$0.11
$-3.49
Q4 24
$0.10
Q3 24
$-1.99
$-0.68
Q2 24
$0.09
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
NPKI
NPKI
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$5.1M
$10.6M
Total DebtLower is stronger
$16.9M
Stockholders' EquityBook value
$351.2M
$101.8M
Total Assets
$441.8M
$939.8M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPKI
NPKI
PROP
PROP
Q4 25
$5.1M
Q3 25
$35.6M
$10.6M
Q2 25
$26.0M
$10.7M
Q1 25
$20.8M
$15.0M
Q4 24
$17.8M
Q3 24
$42.9M
$40.1M
Q2 24
$35.1M
Q1 24
$37.7M
Total Debt
NPKI
NPKI
PROP
PROP
Q4 25
$16.9M
Q3 25
$9.5M
Q2 25
$9.3M
$387.0M
Q1 25
$8.1M
$377.0M
Q4 24
$7.7M
Q3 24
$14.0M
Q2 24
$58.0M
Q1 24
$77.4M
Stockholders' Equity
NPKI
NPKI
PROP
PROP
Q4 25
$351.2M
Q3 25
$333.9M
$101.8M
Q2 25
$328.8M
$94.2M
Q1 25
$326.9M
$34.0M
Q4 24
$326.5M
Q3 24
$316.5M
$61.3M
Q2 24
$426.6M
Q1 24
$421.6M
Total Assets
NPKI
NPKI
PROP
PROP
Q4 25
$441.8M
Q3 25
$404.5M
$939.8M
Q2 25
$393.7M
$858.5M
Q1 25
$390.0M
$775.4M
Q4 24
$393.7M
Q3 24
$389.6M
$107.2M
Q2 24
$624.8M
Q1 24
$640.8M
Debt / Equity
NPKI
NPKI
PROP
PROP
Q4 25
0.05×
Q3 25
0.03×
Q2 25
0.03×
4.11×
Q1 25
0.02×
11.07×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.14×
Q1 24
0.18×

Cash Flow & Capital Efficiency

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

Metric
NPKI
NPKI
PROP
PROP
Operating Cash FlowLast quarter
$18.0M
$57.7M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NPKI
NPKI
PROP
PROP
Q4 25
$18.0M
Q3 25
$24.7M
$57.7M
Q2 25
$21.4M
$-7.2M
Q1 25
$8.8M
$16.9M
Q4 24
$-4.1M
Q3 24
$2.8M
$2.8M
Q2 24
$27.6M
Q1 24
$11.9M
Free Cash Flow
NPKI
NPKI
PROP
PROP
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-17.7M
Q3 24
$-6.7M
Q2 24
$21.0M
Q1 24
$-1.9M
FCF Margin
NPKI
NPKI
PROP
PROP
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-30.8%
Q3 24
-15.2%
Q2 24
31.4%
Q1 24
-3.9%
Capex Intensity
NPKI
NPKI
PROP
PROP
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
23.6%
Q3 24
21.4%
Q2 24
9.9%
Q1 24
28.3%
Cash Conversion
NPKI
NPKI
PROP
PROP
Q4 25
Q3 25
4.37×
44.80×
Q2 25
2.47×
-0.20×
Q1 25
0.88×
Q4 24
Q3 24
Q2 24
3.43×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

PROP
PROP

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

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