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Side-by-side financial comparison of Enphase Energy (ENPH) 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 $282.9M, roughly 1.2× Enphase Energy). PRA GROUP INC runs the higher net margin — 17.0% vs -2.6%, a 19.6% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -3.4%).
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.
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.
ENPH vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $333.4M |
| Net Profit | $-7.4M | $56.5M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | 37.7% |
| Net Margin | -2.6% | 17.0% |
| Revenue YoY | -20.6% | 13.7% |
| Net Profit YoY | -124.9% | 206.3% |
| EPS (diluted) | $-0.06 | $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.
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $333.4M | ||
| Q3 25 | $410.4M | $311.1M | ||
| Q2 25 | $363.2M | $287.7M | ||
| Q1 25 | $356.1M | $269.6M | ||
| Q4 24 | $382.7M | $293.2M | ||
| Q3 24 | $380.9M | $281.5M | ||
| Q2 24 | $303.5M | $284.2M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $56.5M | ||
| Q3 25 | $66.6M | $-407.7M | ||
| Q2 25 | $37.1M | $42.4M | ||
| Q1 25 | $29.7M | $3.7M | ||
| Q4 24 | $62.2M | $18.5M | ||
| Q3 24 | $45.8M | $27.2M | ||
| Q2 24 | $10.8M | $21.5M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 37.7% | ||
| Q3 25 | 16.1% | -101.4% | ||
| Q2 25 | 10.2% | 29.6% | ||
| Q1 25 | 9.0% | 27.7% | ||
| Q4 24 | 14.3% | 32.1% | ||
| Q3 24 | 13.1% | 32.0% | ||
| Q2 24 | 0.6% | 31.4% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 17.0% | ||
| Q3 25 | 16.2% | -131.0% | ||
| Q2 25 | 10.2% | 14.7% | ||
| Q1 25 | 8.3% | 1.4% | ||
| Q4 24 | 16.2% | 6.3% | ||
| Q3 24 | 12.0% | 9.6% | ||
| Q2 24 | 3.6% | 7.6% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.47 | ||
| Q3 25 | $0.50 | $-10.43 | ||
| Q2 25 | $0.28 | $1.08 | ||
| Q1 25 | $0.22 | $0.09 | ||
| Q4 24 | $0.46 | $0.47 | ||
| Q3 24 | $0.33 | $0.69 | ||
| Q2 24 | $0.08 | $0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $497.5M | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $979.9M |
| Total Assets | $2.7B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $104.4M | ||
| Q3 25 | $1.5B | $107.5M | ||
| Q2 25 | $1.5B | $131.6M | ||
| Q1 25 | $1.5B | $128.7M | ||
| Q4 24 | $1.6B | $105.9M | ||
| Q3 24 | $1.8B | $141.1M | ||
| Q2 24 | $1.6B | $118.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $979.9M | ||
| Q3 25 | $995.0M | $928.5M | ||
| Q2 25 | $880.6M | $1.3B | ||
| Q1 25 | $810.7M | $1.2B | ||
| Q4 24 | $833.0M | $1.1B | ||
| Q3 24 | $931.4M | $1.2B | ||
| Q2 24 | $884.5M | $1.1B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $5.1B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $3.2B | $5.4B | ||
| Q1 25 | $3.1B | $5.1B | ||
| Q4 24 | $3.2B | $4.9B | ||
| Q3 24 | $3.3B | $4.9B | ||
| Q2 24 | $3.2B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.47× | — |
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 | $102.9M | $-85.5M |
| Free Cash FlowOCF − Capex | $83.0M | $-90.4M |
| FCF MarginFCF / Revenue | 29.3% | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $-85.5M | ||
| Q3 25 | $13.9M | $-10.1M | ||
| Q2 25 | $26.6M | $-12.9M | ||
| Q1 25 | $48.4M | $-52.6M | ||
| Q4 24 | $167.3M | $-94.6M | ||
| Q3 24 | $170.1M | $-35.0M | ||
| Q2 24 | $127.1M | $-29.5M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $-90.4M | ||
| Q3 25 | $5.9M | $-11.3M | ||
| Q2 25 | $18.4M | $-14.2M | ||
| Q1 25 | $33.8M | $-53.5M | ||
| Q4 24 | $159.2M | $-98.6M | ||
| Q3 24 | $161.6M | $-36.1M | ||
| Q2 24 | $117.4M | $-30.8M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | -27.1% | ||
| Q3 25 | 1.4% | -3.6% | ||
| Q2 25 | 5.1% | -4.9% | ||
| Q1 25 | 9.5% | -19.8% | ||
| Q4 24 | 41.6% | -33.6% | ||
| Q3 24 | 42.4% | -12.8% | ||
| Q2 24 | 38.7% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 2.0% | 0.4% | ||
| Q2 25 | 2.3% | 0.4% | ||
| Q1 25 | 4.1% | 0.3% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.2% | 0.4% | ||
| Q2 24 | 3.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | -1.51× | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | -0.30× | ||
| Q1 25 | 1.63× | -14.37× | ||
| Q4 24 | 2.69× | -5.13× | ||
| Q3 24 | 3.72× | -1.29× | ||
| Q2 24 | 11.73× | -1.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
