Prairie Operating Co. (PROP) vs PermRock Royalty Trust (PRT)

Prairie Operating Co. and PermRock Royalty Trust are both Oil & Gas E&P companies. Prairie Operating Co. is the larger, with a market value of $40.5M against $21.1M — 1.9× the size. Prairie Operating Co. has negative trailing earnings, so its P/E is not meaningful; PermRock Royalty Trust trades at 14.0×. Prairie Operating Co. grew revenue faster over the last twelve months: 311.2% against −41.7%. PermRock Royalty Trust has the higher net margin (78.4% vs 1.01%) and the lower return on invested capital (6.33% vs 10.3%). Across the 19 metrics below, PermRock Royalty Trust leads on 11 and Prairie Operating Co. on 8.

Valuation

Metric PROP PRT Oil & Gas E&P median
P/E n/m 13.99 11.01
P/S 0.11 5.94 1.98
P/B 0.16 0.83 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA 2.55 8.11 5.09
EV/Sales 1.38 5.56 2.63
Earnings yield (371.32%) 7.15% 5.78%
Free cash flow yield (109.26%) 0.00% 4.91%

Profitability

Metric PROP PRT Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 33.92% 68.56% 21.39%
Net margin 1.01% 78.37% 14.17%
Free cash flow margin (11.63%) 0.00% 8.18%
Return on equity 2.18% 5.94% 10.05%
Return on assets 0.37% 5.77% 5.81%
Return on invested capital 10.31% 6.33% 6.32%

Growth

Metric PROP PRT Oil & Gas E&P median
Revenue growth (TTM) 311.16% (41.73%) 9.94%
EPS growth (last fiscal year) 49.06% (7.14%) (10.50%)
Revenue growth, 5-year CAGR 257.76% 11.79% 18.67%
Net income growth, 5-year CAGR 0.00% 19.79% 0.00%

Health

Metric PROP PRT Oil & Gas E&P median
Debt to equity 1.64 0.00 0.28
Current ratio 0.25 3.70 0.96
Net debt to EBITDA 3.13 (0.26) 0.89

Dividend

Metric PROP PRT Oil & Gas E&P median
Dividend yield — 11.67% 3.29%
Payout ratio — 1.63 0.35

Size

Metric PROP PRT Oil & Gas E&P median
Market cap 40.49m 21.05m 1.04b

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