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Side-by-side financial comparison of Pursuit Attractions & Hospitality, Inc. (PRSU) and TXO Partners, L.P. (TXO). Click either name above to swap in a different company.

TXO Partners, L.P. is the larger business by last-quarter revenue ($103.7M vs $57.1M, roughly 1.8× Pursuit Attractions & Hospitality, Inc.). TXO Partners, L.P. runs the higher net margin — -27.2% vs -45.9%, a 18.6% gap on every dollar of revenue. On growth, Pursuit Attractions & Hospitality, Inc. posted the faster year-over-year revenue change (24.6% vs 14.5%). Over the past eight quarters, TXO Partners, L.P.'s revenue compounded faster (23.1% CAGR vs -53.2%).

Pursuit Attractions and Hospitality, Inc. is a global attractions and hospitality company located in Canada, the United States, Iceland, and Costa Rica. Pursuit owns and operates attractions, accommodation, culinary experiences, retail and transportation in and around the Canadian Rockies including, Banff, Jasper, and Waterton; in Alaska in and around Denali, Kenai Fjords National Park, and Talkeetna; in Montana in and around Glacier; in Iceland, and in the Arenal region of Costa Rica.

TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.

PRSU vs TXO — Head-to-Head

Bigger by revenue
TXO
TXO
1.8× larger
TXO
$103.7M
$57.1M
PRSU
Growing faster (revenue YoY)
PRSU
PRSU
+10.2% gap
PRSU
24.6%
14.5%
TXO
Higher net margin
TXO
TXO
18.6% more per $
TXO
-27.2%
-45.9%
PRSU
Faster 2-yr revenue CAGR
TXO
TXO
Annualised
TXO
23.1%
-53.2%
PRSU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRSU
PRSU
TXO
TXO
Revenue
$57.1M
$103.7M
Net Profit
$-26.2M
$-28.3M
Gross Margin
Operating Margin
-49.5%
-26.1%
Net Margin
-45.9%
-27.2%
Revenue YoY
24.6%
14.5%
Net Profit YoY
-108.4%
-376.5%
EPS (diluted)
$-0.89
$-0.57

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
PRSU
PRSU
TXO
TXO
Q4 25
$57.1M
$103.7M
Q3 25
$241.0M
$90.6M
Q2 25
$116.7M
$75.0M
Q1 25
$93.8M
Q4 24
$90.6M
Q3 24
$182.3M
$69.3M
Q2 24
$101.2M
$57.0M
Q1 24
$68.5M
Net Profit
PRSU
PRSU
TXO
TXO
Q4 25
$-26.2M
$-28.3M
Q3 25
$73.9M
$4.4M
Q2 25
$5.6M
$-135.0K
Q1 25
$2.4M
Q4 24
$10.2M
Q3 24
$48.6M
$203.0K
Q2 24
$29.3M
$2.8M
Q1 24
$10.3M
Gross Margin
PRSU
PRSU
TXO
TXO
Q4 25
Q3 25
91.8%
Q2 25
Q1 25
Q4 24
Q3 24
90.7%
Q2 24
Q1 24
Operating Margin
PRSU
PRSU
TXO
TXO
Q4 25
-49.5%
-26.1%
Q3 25
43.9%
4.2%
Q2 25
9.1%
-5.0%
Q1 25
-3.8%
Q4 24
6.1%
Q3 24
50.8%
-7.2%
Q2 24
52.8%
-17.7%
Q1 24
3.9%
Net Margin
PRSU
PRSU
TXO
TXO
Q4 25
-45.9%
-27.2%
Q3 25
30.6%
4.8%
Q2 25
4.8%
-0.2%
Q1 25
2.6%
Q4 24
11.3%
Q3 24
26.7%
0.3%
Q2 24
29.0%
4.9%
Q1 24
15.0%
EPS (diluted)
PRSU
PRSU
TXO
TXO
Q4 25
$-0.89
$-0.57
Q3 25
$2.60
$0.08
Q2 25
$0.20
$0.00
Q1 25
$0.06
Q4 24
$0.22
Q3 24
$1.65
$0.01
Q2 24
$0.98
$0.09
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
PRSU
PRSU
TXO
TXO
Cash + ST InvestmentsLiquidity on hand
$31.1M
$9.4M
Total DebtLower is stronger
$155.0M
$291.1M
Stockholders' EquityBook value
$581.8M
Total Assets
$965.4M
$1.4B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRSU
PRSU
TXO
TXO
Q4 25
$31.1M
$9.4M
Q3 25
$33.8M
$5.3M
Q2 25
$24.7M
$8.0M
Q1 25
$10.8M
Q4 24
$7.3M
Q3 24
$64.6M
$3.8M
Q2 24
$59.4M
$76.0M
Q1 24
$4.6M
Total Debt
PRSU
PRSU
TXO
TXO
Q4 25
$155.0M
$291.1M
Q3 25
$124.5M
$271.1M
Q2 25
$82.4M
$19.1M
Q1 25
$162.1M
Q4 24
$157.1M
Q3 24
$381.9M
$155.1M
Q2 24
$469.3M
$7.1M
Q1 24
$26.1M
Stockholders' Equity
PRSU
PRSU
TXO
TXO
Q4 25
$581.8M
Q3 25
$607.2M
Q2 25
$528.4M
Q1 25
Q4 24
Q3 24
$96.8M
Q2 24
$41.2M
Q1 24
Total Assets
PRSU
PRSU
TXO
TXO
Q4 25
$965.4M
$1.4B
Q3 25
$996.8M
$1.4B
Q2 25
$893.1M
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.2B
$1.0B
Q2 24
$1.2B
$774.5M
Q1 24
$688.2M
Debt / Equity
PRSU
PRSU
TXO
TXO
Q4 25
0.27×
Q3 25
0.21×
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
3.95×
Q2 24
11.39×
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
PRSU
PRSU
TXO
TXO
Operating Cash FlowLast quarter
$-13.6M
$32.5M
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-78.1%
Capex IntensityCapex / Revenue
54.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$140.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRSU
PRSU
TXO
TXO
Q4 25
$-13.6M
$32.5M
Q3 25
$102.6M
$28.3M
Q2 25
$21.6M
$26.9M
Q1 25
$30.6M
Q4 24
$40.5M
Q3 24
$110.4M
$20.7M
Q2 24
$30.3M
$22.9M
Q1 24
$25.2M
Free Cash Flow
PRSU
PRSU
TXO
TXO
Q4 25
$-44.6M
Q3 25
$86.8M
Q2 25
$3.2M
Q1 25
Q4 24
Q3 24
$95.4M
Q2 24
$13.1M
Q1 24
FCF Margin
PRSU
PRSU
TXO
TXO
Q4 25
-78.1%
Q3 25
36.0%
Q2 25
2.8%
Q1 25
Q4 24
Q3 24
52.4%
Q2 24
13.0%
Q1 24
Capex Intensity
PRSU
PRSU
TXO
TXO
Q4 25
54.2%
Q3 25
6.6%
Q2 25
15.7%
Q1 25
Q4 24
Q3 24
8.2%
Q2 24
16.9%
Q1 24
Cash Conversion
PRSU
PRSU
TXO
TXO
Q4 25
Q3 25
1.39×
6.50×
Q2 25
3.83×
Q1 25
12.67×
Q4 24
3.96×
Q3 24
2.27×
102.02×
Q2 24
1.03×
8.15×
Q1 24
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRSU
PRSU

Services Transferred Over Time$44.7M78%
Food And Beverage$9.1M16%
Retail Operations$3.3M6%

TXO
TXO

Oil And Condensate$92.8M89%
Natural Gas Liquids Reserves$8.2M8%
Other$2.8M3%

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