Prairie Operating Co. (PROP) Key Metrics
PROP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $38.5M
- Enterprise value
- $530.7M
- P/E (TTM)
- —
- Forward P/E
- 1.1
- PEG ratio
- —
- Price / sales
- 0.1
- Price / book
- 0.2
- EV / EBITDA
- 8.5
- Dividend yield
- —
- Beta
- −0.92
PROP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPROP returns How much profit the business earns on the capital it uses.
PROP financial health Debt, liquidity and how easily interest is covered.
PROP efficiency & capital use Working capital cycle and where the cash goes.
PROP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PROP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PROP cash returned to shareholders
PROP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Share price at fiscal year-end | $1.69 | $6.92 | $9.51 | $1.59 | $88.24 | $17.94 | $70.59 | $113.53 | $88.24 | $133.53 |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 35.0% | −88.0% | −470.1% | — | — | — | — | — | — | −92.2% |
| Return on invested capital (ROIC) | 13.8% | −34.5% | −96.6% | — | −888.8% | — | — | — | — | — |
| Return on assets (ROA) | 5.8% | −40.4% | −300.6% | −4.6% | −217.6% | −63.3% | −76.1% | −101.3% | −130.7% | −25.0% |
| Return on tangible assets | 3.4% | −26.1% | −172.6% | −6.8% | −130.8% | −76.4% | −62.6% | −117.5% | −195.0% | −27.0% |
| Free cash flow margin | −17.9% | −477.0% | — | — | — | −297.7% | −6.7% | −5.4% | −17.5% | −11.7% |
| Income quality (OCF / net income) | 4.80 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $370.6M | $46.5M | $136,000 | $6.5M | $5.5M | $5.1M | $4.6M | $2.5M | $1.1M | $1.0M |
| Cash & short-term investments | $20,000 | $5.2M | $13.0M | $246,358 | $2.8M | $1.9M | $2.8M | $1.0M | $1.8M | $4.4M |
| Net debt | $370.5M | $41.3M | −$12.9M | $6.3M | $2.7M | $3.2M | $1.8M | $1.5M | −$652,571 | −$3.4M |
| Debt / equity | 2.85 | 0.88 | 0.00 | — | 1.31 | — | — | — | — | 0.49 |
| Debt / assets | 0.39 | 0.30 | 0.00 | 0.96 | 0.42 | 1.89 | 1.33 | 1.12 | 0.38 | 0.18 |
| Net debt / EBITDA | 2.83 | — | — | 33.35 | — | — | — | — | — | — |
| Current ratio | 0.63 | 0.29 | 2.50 | 0.38 | 1.79 | 0.31 | 0.42 | 0.29 | 0.44 | 2.05 |
| Quick ratio | 0.61 | 0.29 | 2.50 | 0.38 | 1.79 | 0.31 | 0.42 | 0.29 | 0.44 | 2.05 |
| Interest coverage | 2.4 | -23.2 | -135.5 | -0.8 | -15.5 | -3.6 | -6.1 | -0.6 | -13.5 | -44.6 |
| Working capital | −$46.1M | −$44.7M | $8.1M | −$8.1M | $4.8M | −$4.8M | −$4.5M | −$5.1M | −$3.5M | $2.9M |
| Invested capital | $500.7M | $94.1M | $27.3M | −$227,817 | $6.9M | −$3.7M | −$4.4M | −$3.4M | −$4.0M | −$1.3M |
| Tangible asset value | $130.2M | $52.8M | $40.2M | −$6.5M | $4.2M | −$7.0M | −$6.3M | −$4.9M | −$3.4M | $2.1M |
| Net current asset value | −$734.7M | −$85.5M | $7.9M | −$8.3M | $1.8M | −$7.3M | −$6.5M | −$5.1M | −$3.5M | $1.8M |
| Capital allocation | ||||||||||
| Share buybacks (net) | $531,000 | $0 | — | — | — | — | — | — | — | — |
| Capex / revenue | 81.6% | 359.3% | — | — | 2,684.9% | 38.0% | 0.1% | 0.1% | 0.7% | 0.7% |
| Capex / operating cash flow | 128.1% | — | — | — | — | — | — | — | — | — |
| Capex / depreciation | 4.03 | 66.80 | 21.88 | 8.14 | 84.19 | 6.47 | 0.12 | 0.14 | 0.66 | 1.07 |
| Stock-based compensation / revenue | 6.1% | 105.5% | — | — | 3,403.2% | 98.9% | 2.6% | 2.6% | 2.0% | 3.4% |
| SG&A / revenue | 20.9% | 385.0% | — | — | 4,901.6% | 595.6% | 26.1% | 25.6% | 35.5% | 34.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.8 | 301.7 | — | — | 16.7 | 14.9 | 2.1 | 6.0 | 6.3 | 4.8 |
| Days of inventory on hand | 5.5 | 0.6 | — | — | 12.1 | — | — | — | 0.0 | — |
| Days payables outstanding | 120.7 | 2,096.5 | — | — | 907.5 | 3,101.7 | 94.9 | 84.8 | 45.3 | 28.4 |
| Cash conversion cycle (days) | -88.4 | -1,794.3 | — | — | -878.6 | -3,086.8 | -92.7 | -78.7 | -38.9 | -23.6 |
| Receivables turnover | 13.61 | 1.21 | 0.00 | 0.00 | 21.83 | 24.57 | 169.92 | 60.39 | 57.53 | 76.31 |
| Payables turnover | 3.02 | 0.17 | 0.00 | 0.00 | 0.40 | 0.12 | 3.85 | 4.31 | 8.06 | 12.86 |
| Inventory turnover | 66.76 | 629.40 | — | — | 30.10 | — | — | — | 12,506.89 | — |
| Asset turnover | 0.44 | 0.08 | 0.00 | 0.00 | 0.05 | 0.13 | 3.72 | 5.38 | 3.43 | 3.60 |
| Average receivables | $17.8M | $6.6M | $209,875 | $45,214 | $16,940 | $16,782 | $62,254 | $230,212 | $261,924 | $297,480 |
| Average payables | $39.8M | $18.1M | $2.8M | $2.0M | $700,603 | $2.0M | $2.9M | $2.6M | $1.9M | $1.3M |
| Average inventory | $1.8M | $5,000 | — | $9,362 | $9,362 | $0 | $0 | — | $1,204 | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from PROP's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PROP valuation and financial ratios
Prairie Operating earned a return on equity of 35.0% and a return on invested capital of 13.8% in fiscal 2025. It ended the year with $370.6 million of debt and $0.0 million in cash and short-term investments, net debt of $370.5 million. It returned $0.5 million to shareholders: $0 in dividends and $0.5 million in share buybacks.
See the PROP income statement, the PROP chart for price history, or the PROP stock overview for the latest quote and news.
PROP key metrics FAQ
What is Prairie Operating's return on equity?
Prairie Operating's return on equity (ROE) was 35.0% in fiscal 2025: net income of $32.1 million on average shareholders' equity of $91.5 million.
What is Prairie Operating's ROIC?
Prairie Operating's return on invested capital was 13.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Prairie Operating have?
Prairie Operating had total debt of $370.6 million at the end of fiscal 2025, a debt-to-equity ratio of 2.85 and $370.5 million of net debt (2.83 times EBITDA).
Does Prairie Operating buy back its shares?
Yes. Prairie Operating spent $0.5 million on net share repurchases in fiscal 2025.
What is Prairie Operating's current ratio?
Prairie Operating's current ratio was 0.63 at the end of fiscal 2025: current assets were 0.63 times current liabilities.