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Side-by-side financial comparison of BADGER METER INC (BMI) 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 $234.1M, roughly 1.4× BADGER METER INC). PRA GROUP INC runs the higher net margin — 17.0% vs 14.3%, a 2.6% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 13.7%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs 9.2%).
Badger Meter Inc. is a leading global provider of flow measurement and control solutions, serving water utilities, industrial, commercial, and residential customer segments. Its core offerings include smart water meters, IoT-enabled usage monitoring systems, and supporting software that help clients track resource consumption, cut waste, and boost operational efficiency, with key markets spanning North America, Europe, and the Asia-Pacific region.
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.
BMI vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $333.4M |
| Net Profit | $33.6M | $56.5M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 37.7% |
| Net Margin | 14.3% | 17.0% |
| Revenue YoY | 14.1% | 13.7% |
| Net Profit YoY | 9.3% | 206.3% |
| EPS (diluted) | $1.13 | $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.
| Q4 25 | $234.1M | $333.4M | ||
| Q3 25 | $222.2M | $311.1M | ||
| Q2 25 | $238.1M | $287.7M | ||
| Q1 25 | $222.2M | $269.6M | ||
| Q4 24 | $205.2M | $293.2M | ||
| Q3 24 | $208.4M | $281.5M | ||
| Q2 24 | $216.7M | $284.2M | ||
| Q1 24 | $196.3M | $255.6M |
| Q4 25 | $33.6M | $56.5M | ||
| Q3 25 | $35.1M | $-407.7M | ||
| Q2 25 | $34.6M | $42.4M | ||
| Q1 25 | $38.4M | $3.7M | ||
| Q4 24 | $30.7M | $18.5M | ||
| Q3 24 | $32.0M | $27.2M | ||
| Q2 24 | $33.1M | $21.5M | ||
| Q1 24 | $29.1M | $3.5M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 41.1% | — | ||
| Q1 25 | 42.9% | — | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 18.4% | 37.7% | ||
| Q3 25 | 20.7% | -101.4% | ||
| Q2 25 | 18.8% | 29.6% | ||
| Q1 25 | 22.2% | 27.7% | ||
| Q4 24 | 19.1% | 32.1% | ||
| Q3 24 | 19.5% | 32.0% | ||
| Q2 24 | 19.2% | 31.4% | ||
| Q1 24 | 18.6% | 26.0% |
| Q4 25 | 14.3% | 17.0% | ||
| Q3 25 | 15.8% | -131.0% | ||
| Q2 25 | 14.5% | 14.7% | ||
| Q1 25 | 17.3% | 1.4% | ||
| Q4 24 | 15.0% | 6.3% | ||
| Q3 24 | 15.4% | 9.6% | ||
| Q2 24 | 15.3% | 7.6% | ||
| Q1 24 | 14.8% | 1.4% |
| Q4 25 | $1.13 | $1.47 | ||
| Q3 25 | $1.19 | $-10.43 | ||
| Q2 25 | $1.17 | $1.08 | ||
| Q1 25 | $1.30 | $0.09 | ||
| Q4 24 | $1.04 | $0.47 | ||
| Q3 24 | $1.08 | $0.69 | ||
| Q2 24 | $1.12 | $0.54 | ||
| Q1 24 | $0.99 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $979.9M |
| Total Assets | $973.6M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.4M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $131.6M | ||
| Q1 25 | — | $128.7M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $141.1M | ||
| Q2 24 | — | $118.9M | ||
| Q1 24 | — | $108.1M |
| Q4 25 | $713.3M | $979.9M | ||
| Q3 25 | $702.5M | $928.5M | ||
| Q2 25 | $677.6M | $1.3B | ||
| Q1 25 | $641.7M | $1.2B | ||
| Q4 24 | $606.2M | $1.1B | ||
| Q3 24 | $591.2M | $1.2B | ||
| Q2 24 | $563.1M | $1.1B | ||
| Q1 24 | $535.6M | $1.1B |
| Q4 25 | $973.6M | $5.1B | ||
| Q3 25 | $978.3M | $5.0B | ||
| Q2 25 | $936.4M | $5.4B | ||
| Q1 25 | $899.6M | $5.1B | ||
| Q4 24 | $816.4M | $4.9B | ||
| Q3 24 | $802.9M | $4.9B | ||
| Q2 24 | $781.3M | $4.7B | ||
| Q1 24 | $743.5M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.8M | $-85.5M |
| Free Cash FlowOCF − Capex | $50.8M | $-90.4M |
| FCF MarginFCF / Revenue | 21.7% | -27.1% |
| Capex IntensityCapex / Revenue | 1.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.63× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $-85.5M | ||
| Q3 25 | $51.3M | $-10.1M | ||
| Q2 25 | $44.6M | $-12.9M | ||
| Q1 25 | $33.0M | $-52.6M | ||
| Q4 24 | $52.1M | $-94.6M | ||
| Q3 24 | $45.1M | $-35.0M | ||
| Q2 24 | $36.4M | $-29.5M | ||
| Q1 24 | $21.5M | $-73.0M |
| Q4 25 | $50.8M | $-90.4M | ||
| Q3 25 | $48.2M | $-11.3M | ||
| Q2 25 | $40.6M | $-14.2M | ||
| Q1 25 | $30.1M | $-53.5M | ||
| Q4 24 | $47.4M | $-98.6M | ||
| Q3 24 | $42.0M | $-36.1M | ||
| Q2 24 | $34.1M | $-30.8M | ||
| Q1 24 | $18.8M | $-73.5M |
| Q4 25 | 21.7% | -27.1% | ||
| Q3 25 | 21.7% | -3.6% | ||
| Q2 25 | 17.1% | -4.9% | ||
| Q1 25 | 13.5% | -19.8% | ||
| Q4 24 | 23.1% | -33.6% | ||
| Q3 24 | 20.1% | -12.8% | ||
| Q2 24 | 15.7% | -10.8% | ||
| Q1 24 | 9.6% | -28.8% |
| Q4 25 | 1.7% | 1.4% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.7% | 0.4% | ||
| Q1 25 | 1.3% | 0.3% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.1% | 0.5% | ||
| Q1 24 | 1.4% | 0.2% |
| Q4 25 | 1.63× | -1.51× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | -0.30× | ||
| Q1 25 | 0.86× | -14.37× | ||
| Q4 24 | 1.70× | -5.13× | ||
| Q3 24 | 1.41× | -1.29× | ||
| Q2 24 | 1.10× | -1.37× | ||
| Q1 24 | 0.74× | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
