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Side-by-side financial comparison of Prairie Operating Co. (PROP) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.

VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $77.7M, roughly 1.1× Prairie Operating Co.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs 1.7%, a 1.5% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 6.3%).

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.

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

PROP vs VNCE — Head-to-Head

Bigger by revenue
VNCE
VNCE
1.1× larger
VNCE
$85.1M
$77.7M
PROP
Higher net margin
VNCE
VNCE
1.5% more per $
VNCE
3.2%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
6.3%
VNCE

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
PROP
PROP
VNCE
VNCE
Revenue
$77.7M
$85.1M
Net Profit
$1.3M
$2.7M
Gross Margin
49.2%
Operating Margin
34.8%
6.4%
Net Margin
1.7%
3.2%
Revenue YoY
6.2%
Net Profit YoY
111.3%
-37.3%
EPS (diluted)
$-0.44
$0.21

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
VNCE
VNCE
Q4 25
$85.1M
Q3 25
$77.7M
$73.2M
Q2 25
$68.1M
$57.9M
Q1 25
$13.6M
$80.0M
Q4 24
$80.2M
Q3 24
$0
$74.2M
Q2 24
$59.2M
Q1 24
$75.3M
Net Profit
PROP
PROP
VNCE
VNCE
Q4 25
$2.7M
Q3 25
$1.3M
$12.1M
Q2 25
$35.7M
$-4.8M
Q1 25
$-2.6M
$-28.3M
Q4 24
$4.3M
Q3 24
$-11.4M
$569.0K
Q2 24
$4.4M
Q1 24
$-4.7M
Gross Margin
PROP
PROP
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
PROP
PROP
VNCE
VNCE
Q4 25
6.4%
Q3 25
34.8%
15.2%
Q2 25
27.8%
-7.7%
Q1 25
12.9%
-37.1%
Q4 24
7.2%
Q3 24
1.5%
Q2 24
9.5%
Q1 24
-2.2%
Net Margin
PROP
PROP
VNCE
VNCE
Q4 25
3.2%
Q3 25
1.7%
16.5%
Q2 25
52.4%
-8.3%
Q1 25
-19.3%
-35.5%
Q4 24
5.4%
Q3 24
0.8%
Q2 24
7.4%
Q1 24
-6.2%
EPS (diluted)
PROP
PROP
VNCE
VNCE
Q4 25
$0.21
Q3 25
$-0.44
$0.93
Q2 25
$0.18
$-0.37
Q1 25
$-3.49
$-2.25
Q4 24
$0.34
Q3 24
$-0.68
$0.05
Q2 24
$0.35
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
PROP
PROP
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$10.6M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$101.8M
$53.4M
Total Assets
$939.8M
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PROP
PROP
VNCE
VNCE
Q4 25
$1.1M
Q3 25
$10.6M
$777.0K
Q2 25
$10.7M
$2.6M
Q1 25
$15.0M
$607.0K
Q4 24
$892.0K
Q3 24
$40.1M
$711.0K
Q2 24
$739.0K
Q1 24
$357.0K
Total Debt
PROP
PROP
VNCE
VNCE
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PROP
PROP
VNCE
VNCE
Q4 25
$53.4M
Q3 25
$101.8M
$49.3M
Q2 25
$94.2M
$37.2M
Q1 25
$34.0M
$41.8M
Q4 24
$57.1M
Q3 24
$61.3M
$52.4M
Q2 24
$51.7M
Q1 24
$47.2M
Total Assets
PROP
PROP
VNCE
VNCE
Q4 25
$246.0M
Q3 25
$939.8M
$239.0M
Q2 25
$858.5M
$218.0M
Q1 25
$775.4M
$222.7M
Q4 24
$254.7M
Q3 24
$107.2M
$253.6M
Q2 24
$223.1M
Q1 24
$225.1M
Debt / Equity
PROP
PROP
VNCE
VNCE
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24
Q1 24

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
VNCE
VNCE
Operating Cash FlowLast quarter
$57.7M
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
44.80×
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PROP
PROP
VNCE
VNCE
Q4 25
$-5.1M
Q3 25
$57.7M
$4.2M
Q2 25
$-7.2M
$-11.8M
Q1 25
$16.9M
$22.7M
Q4 24
$6.4M
Q3 24
$2.8M
$-3.2M
Q2 24
$-3.9M
Q1 24
$14.8M
Free Cash Flow
PROP
PROP
VNCE
VNCE
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$14.2M
FCF Margin
PROP
PROP
VNCE
VNCE
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Q1 24
18.9%
Capex Intensity
PROP
PROP
VNCE
VNCE
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Q1 24
0.7%
Cash Conversion
PROP
PROP
VNCE
VNCE
Q4 25
-1.86×
Q3 25
44.80×
0.35×
Q2 25
-0.20×
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
Q1 24

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%

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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