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

TOYO Co., Ltd is the larger business by last-quarter revenue ($139.1M vs $77.7M, roughly 1.8× Prairie Operating Co.). TOYO Co., Ltd runs the higher net margin — 2.5% vs 1.7%, a 0.8% gap on every dollar of revenue.

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.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

PROP vs TOYO — Head-to-Head

Bigger by revenue
TOYO
TOYO
1.8× larger
TOYO
$139.1M
$77.7M
PROP
Higher net margin
TOYO
TOYO
0.8% more per $
TOYO
2.5%
1.7%
PROP

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
PROP
PROP
TOYO
TOYO
Revenue
$77.7M
$139.1M
Net Profit
$1.3M
$3.5M
Gross Margin
16.6%
Operating Margin
34.8%
7.0%
Net Margin
1.7%
2.5%
Revenue YoY
0.7%
Net Profit YoY
111.3%
-82.3%
EPS (diluted)
$-0.44
$0.10

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
PROP
PROP
TOYO
TOYO
Q3 25
$77.7M
Q2 25
$68.1M
$139.1M
Q1 25
$13.6M
Q3 24
$0
Q2 24
$138.1M
Q3 23
$458.0K
Q2 23
$179.3K
Q4 22
$0
Net Profit
PROP
PROP
TOYO
TOYO
Q3 25
$1.3M
Q2 25
$35.7M
$3.5M
Q1 25
$-2.6M
Q3 24
$-11.4M
Q2 24
$19.6M
Q3 23
$-34.4M
Q2 23
$-21.1M
Q4 22
$-8.0M
Gross Margin
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
16.6%
Q1 25
Q3 24
Q2 24
19.3%
Q3 23
Q2 23
Q4 22
Operating Margin
PROP
PROP
TOYO
TOYO
Q3 25
34.8%
Q2 25
27.8%
7.0%
Q1 25
12.9%
Q3 24
Q2 24
16.3%
Q3 23
-1379.0%
Q2 23
-1593.5%
Q4 22
Net Margin
PROP
PROP
TOYO
TOYO
Q3 25
1.7%
Q2 25
52.4%
2.5%
Q1 25
-19.3%
Q3 24
Q2 24
14.2%
Q3 23
-7515.2%
Q2 23
-11792.9%
Q4 22
EPS (diluted)
PROP
PROP
TOYO
TOYO
Q3 25
$-0.44
Q2 25
$0.18
$0.10
Q1 25
$-3.49
Q3 24
$-0.68
Q2 24
$0.48
Q3 23
$-5.24
Q2 23
$-5.39
Q4 22

Balance Sheet & Financial Strength

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

Metric
PROP
PROP
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$10.6M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$101.8M
$67.0M
Total Assets
$939.8M
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PROP
PROP
TOYO
TOYO
Q3 25
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$40.1M
Q2 24
Q3 23
$7.2M
Q2 23
$8.6M
Q4 22
$79.8K
Total Debt
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
$387.0M
$13.7M
Q1 25
$377.0M
Q3 24
Q2 24
$22.4M
Q3 23
Q2 23
$2.1M
Q4 22
Stockholders' Equity
PROP
PROP
TOYO
TOYO
Q3 25
$101.8M
Q2 25
$94.2M
$67.0M
Q1 25
$34.0M
Q3 24
$61.3M
Q2 24
$73.4M
Q3 23
$-64.0M
Q2 23
$8.0M
Q4 22
$-6.5M
Total Assets
PROP
PROP
TOYO
TOYO
Q3 25
$939.8M
Q2 25
$858.5M
$353.6M
Q1 25
$775.4M
Q3 24
$107.2M
Q2 24
$241.4M
Q3 23
$40.1M
Q2 23
$16.5M
Q4 22
$1.8M
Debt / Equity
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
4.11×
0.20×
Q1 25
11.07×
Q3 24
Q2 24
0.31×
Q3 23
Q2 23
0.27×
Q4 22

Cash Flow & Capital Efficiency

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

Metric
PROP
PROP
TOYO
TOYO
Operating Cash FlowLast quarter
$57.7M
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
44.80×
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PROP
PROP
TOYO
TOYO
Q3 25
$57.7M
Q2 25
$-7.2M
$40.0M
Q1 25
$16.9M
Q3 24
$2.8M
Q2 24
$21.8M
Q3 23
$-2.9M
Q2 23
$-5.1M
Q4 22
$-306.1K
Free Cash Flow
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
$-7.1M
Q1 25
Q3 24
Q2 24
$5.2M
Q3 23
Q2 23
Q4 22
FCF Margin
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
-5.1%
Q1 25
Q3 24
Q2 24
3.8%
Q3 23
Q2 23
Q4 22
Capex Intensity
PROP
PROP
TOYO
TOYO
Q3 25
Q2 25
33.9%
Q1 25
Q3 24
Q2 24
12.0%
Q3 23
0.0%
Q2 23
Q4 22
Cash Conversion
PROP
PROP
TOYO
TOYO
Q3 25
44.80×
Q2 25
-0.20×
11.55×
Q1 25
Q3 24
Q2 24
1.11×
Q3 23
Q2 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

PROP
PROP

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

TOYO
TOYO

Segment breakdown not available.

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