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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.

PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $247.1M, roughly 1.3× ANI PHARMACEUTICALS INC). PRA GROUP INC runs the higher net margin — 17.0% vs 11.1%, a 5.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 13.7%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-90.4M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 14.2%).

ANI Pharmaceuticals Inc is a U.S.-based specialty pharmaceutical firm that develops, manufactures and sells generic and branded prescription drugs. Its key segments cover dermatology, oncology, CNS therapies and anti-infectives, primarily serving U.S. healthcare providers, retail pharmacies and institutional medical clients.

PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.

ANIP vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.3× larger
PRAA
$333.4M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+15.9% gap
ANIP
29.6%
13.7%
PRAA
Higher net margin
PRAA
PRAA
5.8% more per $
PRAA
17.0%
11.1%
ANIP
More free cash flow
ANIP
ANIP
$119.5M more FCF
ANIP
$29.1M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
14.2%
PRAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
PRAA
PRAA
Revenue
$247.1M
$333.4M
Net Profit
$27.5M
$56.5M
Gross Margin
Operating Margin
14.1%
37.7%
Net Margin
11.1%
17.0%
Revenue YoY
29.6%
13.7%
Net Profit YoY
367.5%
206.3%
EPS (diluted)
$1.14
$1.47

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
ANIP
ANIP
PRAA
PRAA
Q4 25
$247.1M
$333.4M
Q3 25
$227.8M
$311.1M
Q2 25
$211.4M
$287.7M
Q1 25
$197.1M
$269.6M
Q4 24
$190.6M
$293.2M
Q3 24
$148.3M
$281.5M
Q2 24
$138.0M
$284.2M
Q1 24
$137.4M
$255.6M
Net Profit
ANIP
ANIP
PRAA
PRAA
Q4 25
$27.5M
$56.5M
Q3 25
$26.6M
$-407.7M
Q2 25
$8.5M
$42.4M
Q1 25
$15.7M
$3.7M
Q4 24
$-10.3M
$18.5M
Q3 24
$-24.2M
$27.2M
Q2 24
$-2.3M
$21.5M
Q1 24
$18.2M
$3.5M
Operating Margin
ANIP
ANIP
PRAA
PRAA
Q4 25
14.1%
37.7%
Q3 25
15.9%
-101.4%
Q2 25
6.6%
29.6%
Q1 25
13.3%
27.7%
Q4 24
-2.3%
32.1%
Q3 24
-13.8%
32.0%
Q2 24
3.7%
31.4%
Q1 24
14.8%
26.0%
Net Margin
ANIP
ANIP
PRAA
PRAA
Q4 25
11.1%
17.0%
Q3 25
11.7%
-131.0%
Q2 25
4.0%
14.7%
Q1 25
8.0%
1.4%
Q4 24
-5.4%
6.3%
Q3 24
-16.3%
9.6%
Q2 24
-1.7%
7.6%
Q1 24
13.2%
1.4%
EPS (diluted)
ANIP
ANIP
PRAA
PRAA
Q4 25
$1.14
$1.47
Q3 25
$1.13
$-10.43
Q2 25
$0.36
$1.08
Q1 25
$0.69
$0.09
Q4 24
$-0.45
$0.47
Q3 24
$-1.27
$0.69
Q2 24
$-0.14
$0.54
Q1 24
$0.82
$0.09

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$285.6M
$104.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$979.9M
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
PRAA
PRAA
Q4 25
$285.6M
$104.4M
Q3 25
$262.6M
$107.5M
Q2 25
$217.8M
$131.6M
Q1 25
$149.8M
$128.7M
Q4 24
$144.9M
$105.9M
Q3 24
$145.0M
$141.1M
Q2 24
$240.1M
$118.9M
Q1 24
$228.6M
$108.1M
Stockholders' Equity
ANIP
ANIP
PRAA
PRAA
Q4 25
$540.7M
$979.9M
Q3 25
$505.8M
$928.5M
Q2 25
$436.8M
$1.3B
Q1 25
$418.6M
$1.2B
Q4 24
$403.7M
$1.1B
Q3 24
$405.9M
$1.2B
Q2 24
$455.8M
$1.1B
Q1 24
$452.0M
$1.1B
Total Assets
ANIP
ANIP
PRAA
PRAA
Q4 25
$1.4B
$5.1B
Q3 25
$1.4B
$5.0B
Q2 25
$1.3B
$5.4B
Q1 25
$1.3B
$5.1B
Q4 24
$1.3B
$4.9B
Q3 24
$1.3B
$4.9B
Q2 24
$920.8M
$4.7B
Q1 24
$914.5M
$4.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANIP
ANIP
PRAA
PRAA
Operating Cash FlowLast quarter
$30.4M
$-85.5M
Free Cash FlowOCF − Capex
$29.1M
$-90.4M
FCF MarginFCF / Revenue
11.8%
-27.1%
Capex IntensityCapex / Revenue
0.5%
1.4%
Cash ConversionOCF / Net Profit
1.10×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
PRAA
PRAA
Q4 25
$30.4M
$-85.5M
Q3 25
$44.1M
$-10.1M
Q2 25
$75.8M
$-12.9M
Q1 25
$35.0M
$-52.6M
Q4 24
$15.9M
$-94.6M
Q3 24
$12.5M
$-35.0M
Q2 24
$17.4M
$-29.5M
Q1 24
$18.3M
$-73.0M
Free Cash Flow
ANIP
ANIP
PRAA
PRAA
Q4 25
$29.1M
$-90.4M
Q3 25
$38.0M
$-11.3M
Q2 25
$71.8M
$-14.2M
Q1 25
$32.5M
$-53.5M
Q4 24
$13.5M
$-98.6M
Q3 24
$7.7M
$-36.1M
Q2 24
$13.0M
$-30.8M
Q1 24
$13.7M
$-73.5M
FCF Margin
ANIP
ANIP
PRAA
PRAA
Q4 25
11.8%
-27.1%
Q3 25
16.7%
-3.6%
Q2 25
34.0%
-4.9%
Q1 25
16.5%
-19.8%
Q4 24
7.1%
-33.6%
Q3 24
5.2%
-12.8%
Q2 24
9.4%
-10.8%
Q1 24
10.0%
-28.8%
Capex Intensity
ANIP
ANIP
PRAA
PRAA
Q4 25
0.5%
1.4%
Q3 25
2.7%
0.4%
Q2 25
1.9%
0.4%
Q1 25
1.3%
0.3%
Q4 24
1.3%
1.4%
Q3 24
3.2%
0.4%
Q2 24
3.2%
0.5%
Q1 24
3.3%
0.2%
Cash Conversion
ANIP
ANIP
PRAA
PRAA
Q4 25
1.10×
-1.51×
Q3 25
1.66×
Q2 25
8.87×
-0.30×
Q1 25
2.23×
-14.37×
Q4 24
-5.13×
Q3 24
-1.29×
Q2 24
-1.37×
Q1 24
1.00×
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ANIP
ANIP

Sales Of Cortrophin Gel$111.4M45%
Sales Of Generic Pharmaceutical Products$100.8M41%
Sales Of ILUVIEN And YUTIQ$19.8M8%
Sales Of Established Brands$12.3M5%
Unapproved Products$6.5M3%
Sales Of Royalties And Other Pharmaceutical Services$2.7M1%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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