Prairie Operating vs Ring Energy
Ring Energy is the larger business, with $307m of revenue in fiscal 2025 against $242m for Prairie Operating (1.3 times as much). Prairie Operating grew faster (2943.8% against -16.1%). Prairie Operating kept more of each dollar of sales as profit: a net margin of 13.3% against -11.3%.
| Latest fiscal year | Prairie OperatingPROP, 2025 | Ring EnergyREI, 2025 |
|---|---|---|
| Revenue | $242m | $307m |
| Revenue growth | 2943.8% | -16.1% |
| Net income | $32.1m | −$34.7m |
| Operating margin | — | -11.2% |
| Net margin | 13.3% | -11.3% |
| Return on equity | 35.0% | -4.1% |
| Free cash flow | −$306m | $148m |
| Cash | $20,000 | $902,913 |
| Total debt | $366m | $505,752 |
| Debt to equity | — | 0.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $531,000 | — |
| Employees | — | 111 |
| Market value | $42.6m | $337m |
| Price vs our value range | — | Below our value range |
| Moat score | 21 (Weak) | 51 (Moderate) |
| Insider trades, 12 months | 27 buys, 0 sales | 2 buys, 0 sales |