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

EXELIXIS, INC. is the larger business by last-quarter revenue ($598.7M vs $333.4M, roughly 1.8× PRA GROUP INC). EXELIXIS, INC. runs the higher net margin — 40.8% vs 17.0%, a 23.9% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 5.6%). EXELIXIS, INC. produced more free cash flow last quarter ($332.4M vs $-90.4M). Over the past eight quarters, EXELIXIS, INC.'s revenue compounded faster (18.7% CAGR vs 14.2%).

Exelixis, Inc. is a genomics-based drug discovery company located in Alameda, California, and the producer of Cometriq, a treatment approved by the U.S. Food and Drug Administration (FDA) for medullary thyroid cancer with clinical activity in several other types of metastatic cancer.

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.

EXEL vs PRAA — Head-to-Head

Bigger by revenue
EXEL
EXEL
1.8× larger
EXEL
$598.7M
$333.4M
PRAA
Growing faster (revenue YoY)
PRAA
PRAA
+8.1% gap
PRAA
13.7%
5.6%
EXEL
Higher net margin
EXEL
EXEL
23.9% more per $
EXEL
40.8%
17.0%
PRAA
More free cash flow
EXEL
EXEL
$422.7M more FCF
EXEL
$332.4M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
EXEL
EXEL
Annualised
EXEL
18.7%
14.2%
PRAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXEL
EXEL
PRAA
PRAA
Revenue
$598.7M
$333.4M
Net Profit
$244.5M
$56.5M
Gross Margin
95.6%
Operating Margin
39.3%
37.7%
Net Margin
40.8%
17.0%
Revenue YoY
5.6%
13.7%
Net Profit YoY
74.8%
206.3%
EPS (diluted)
$0.89
$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
EXEL
EXEL
PRAA
PRAA
Q1 26
$598.7M
Q4 25
$597.8M
$333.4M
Q3 25
$568.3M
$311.1M
Q2 25
$555.4M
$287.7M
Q1 25
$566.8M
$269.6M
Q4 24
$293.2M
Q3 24
$539.5M
$281.5M
Q2 24
$637.2M
$284.2M
Net Profit
EXEL
EXEL
PRAA
PRAA
Q1 26
$244.5M
Q4 25
$193.6M
$56.5M
Q3 25
$184.8M
$-407.7M
Q2 25
$159.6M
$42.4M
Q1 25
$139.9M
$3.7M
Q4 24
$18.5M
Q3 24
$118.0M
$27.2M
Q2 24
$226.1M
$21.5M
Gross Margin
EXEL
EXEL
PRAA
PRAA
Q1 26
95.6%
Q4 25
96.9%
Q3 25
96.6%
Q2 25
96.5%
Q1 25
96.5%
Q4 24
Q3 24
96.8%
Q2 24
97.2%
Operating Margin
EXEL
EXEL
PRAA
PRAA
Q1 26
39.3%
Q4 25
39.6%
37.7%
Q3 25
37.6%
-101.4%
Q2 25
33.6%
29.6%
Q1 25
28.8%
27.7%
Q4 24
32.1%
Q3 24
25.2%
32.0%
Q2 24
43.3%
31.4%
Net Margin
EXEL
EXEL
PRAA
PRAA
Q1 26
40.8%
Q4 25
32.4%
17.0%
Q3 25
32.5%
-131.0%
Q2 25
28.7%
14.7%
Q1 25
24.7%
1.4%
Q4 24
6.3%
Q3 24
21.9%
9.6%
Q2 24
35.5%
7.6%
EPS (diluted)
EXEL
EXEL
PRAA
PRAA
Q1 26
$0.89
Q4 25
$0.69
$1.47
Q3 25
$0.65
$-10.43
Q2 25
$0.55
$1.08
Q1 25
$0.47
$0.09
Q4 24
$0.47
Q3 24
$0.40
$0.69
Q2 24
$0.77
$0.54

Balance Sheet & Financial Strength

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

Metric
EXEL
EXEL
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$1.1B
$104.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$979.9M
Total Assets
$2.8B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXEL
EXEL
PRAA
PRAA
Q1 26
$1.1B
Q4 25
$988.5M
$104.4M
Q3 25
$791.1M
$107.5M
Q2 25
$1.0B
$131.6M
Q1 25
$1.1B
$128.7M
Q4 24
$105.9M
Q3 24
$1.2B
$141.1M
Q2 24
$1.0B
$118.9M
Stockholders' Equity
EXEL
EXEL
PRAA
PRAA
Q1 26
$2.2B
Q4 25
$2.2B
$979.9M
Q3 25
$2.0B
$928.5M
Q2 25
$2.1B
$1.3B
Q1 25
$2.2B
$1.2B
Q4 24
$1.1B
Q3 24
$2.3B
$1.2B
Q2 24
$2.1B
$1.1B
Total Assets
EXEL
EXEL
PRAA
PRAA
Q1 26
$2.8B
Q4 25
$2.8B
$5.1B
Q3 25
$2.7B
$5.0B
Q2 25
$2.8B
$5.4B
Q1 25
$2.9B
$5.1B
Q4 24
$4.9B
Q3 24
$3.0B
$4.9B
Q2 24
$2.8B
$4.7B

Cash Flow & Capital Efficiency

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

Metric
EXEL
EXEL
PRAA
PRAA
Operating Cash FlowLast quarter
$333.5M
$-85.5M
Free Cash FlowOCF − Capex
$332.4M
$-90.4M
FCF MarginFCF / Revenue
55.5%
-27.1%
Capex IntensityCapex / Revenue
0.2%
1.4%
Cash ConversionOCF / Net Profit
1.36×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$875.8M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXEL
EXEL
PRAA
PRAA
Q1 26
$333.5M
Q4 25
$290.3M
$-85.5M
Q3 25
$49.0M
$-10.1M
Q2 25
$211.4M
$-12.9M
Q1 25
$240.3M
$-52.6M
Q4 24
$-94.6M
Q3 24
$271.3M
$-35.0M
Q2 24
$119.5M
$-29.5M
Free Cash Flow
EXEL
EXEL
PRAA
PRAA
Q1 26
$332.4M
Q4 25
$288.8M
$-90.4M
Q3 25
$46.2M
$-11.3M
Q2 25
$208.5M
$-14.2M
Q1 25
$236.3M
$-53.5M
Q4 24
$-98.6M
Q3 24
$263.1M
$-36.1M
Q2 24
$113.0M
$-30.8M
FCF Margin
EXEL
EXEL
PRAA
PRAA
Q1 26
55.5%
Q4 25
48.3%
-27.1%
Q3 25
8.1%
-3.6%
Q2 25
37.5%
-4.9%
Q1 25
41.7%
-19.8%
Q4 24
-33.6%
Q3 24
48.8%
-12.8%
Q2 24
17.7%
-10.8%
Capex Intensity
EXEL
EXEL
PRAA
PRAA
Q1 26
0.2%
Q4 25
0.2%
1.4%
Q3 25
0.5%
0.4%
Q2 25
0.5%
0.4%
Q1 25
0.7%
0.3%
Q4 24
1.4%
Q3 24
1.5%
0.4%
Q2 24
1.0%
0.5%
Cash Conversion
EXEL
EXEL
PRAA
PRAA
Q1 26
1.36×
Q4 25
1.50×
-1.51×
Q3 25
0.27×
Q2 25
1.32×
-0.30×
Q1 25
1.72×
-14.37×
Q4 24
-5.13×
Q3 24
2.30×
-1.29×
Q2 24
0.53×
-1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXEL
EXEL

Cabometyx$544.7M91%
Collaboration$52.1M9%
Collaborative Arrangementwith Takeda$5.9M1%
Cometriq$1.8M0%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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