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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) 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 $208.7M, roughly 1.6× FORUM ENERGY TECHNOLOGIES, INC.). PRA GROUP INC runs the higher net margin — 17.0% vs 2.2%, a 14.8% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 3.2%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($1.4M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs 0.8%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
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.
FET vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $333.4M |
| Net Profit | $4.5M | $56.5M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | 37.7% |
| Net Margin | 2.2% | 17.0% |
| Revenue YoY | 3.2% | 13.7% |
| Net Profit YoY | 300.4% | 206.3% |
| EPS (diluted) | $0.39 | $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 | $208.7M | — | ||
| Q4 25 | $202.2M | $333.4M | ||
| Q3 25 | $196.2M | $311.1M | ||
| Q2 25 | $199.8M | $287.7M | ||
| Q1 25 | $193.3M | $269.6M | ||
| Q4 24 | $201.0M | $293.2M | ||
| Q3 24 | $207.8M | $281.5M | ||
| Q2 24 | $205.2M | $284.2M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $56.5M | ||
| Q3 25 | $-20.6M | $-407.7M | ||
| Q2 25 | $7.7M | $42.4M | ||
| Q1 25 | $1.1M | $3.7M | ||
| Q4 24 | $-103.5M | $18.5M | ||
| Q3 24 | $-14.8M | $27.2M | ||
| Q2 24 | $-6.7M | $21.5M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | — | ||
| Q2 24 | 30.7% | — |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | 37.7% | ||
| Q3 25 | -3.1% | -101.4% | ||
| Q2 25 | 7.4% | 29.6% | ||
| Q1 25 | 4.6% | 27.7% | ||
| Q4 24 | -53.1% | 32.1% | ||
| Q3 24 | 4.3% | 32.0% | ||
| Q2 24 | 3.9% | 31.4% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | 17.0% | ||
| Q3 25 | -10.5% | -131.0% | ||
| Q2 25 | 3.9% | 14.7% | ||
| Q1 25 | 0.6% | 1.4% | ||
| Q4 24 | -51.5% | 6.3% | ||
| Q3 24 | -7.1% | 9.6% | ||
| Q2 24 | -3.3% | 7.6% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $1.47 | ||
| Q3 25 | $-1.76 | $-10.43 | ||
| Q2 25 | $0.61 | $1.08 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $-8.41 | $0.47 | ||
| Q3 24 | $-1.20 | $0.69 | ||
| Q2 24 | $-0.54 | $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 | $37.5M | $104.4M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $979.9M |
| Total Assets | $763.1M | $5.1B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $104.4M | ||
| Q3 25 | $31.7M | $107.5M | ||
| Q2 25 | $39.0M | $131.6M | ||
| Q1 25 | $31.1M | $128.7M | ||
| Q4 24 | $44.7M | $105.9M | ||
| Q3 24 | $33.3M | $141.1M | ||
| Q2 24 | $31.8M | $118.9M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | — | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | — | ||
| Q2 24 | $252.9M | — |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $979.9M | ||
| Q3 25 | $297.3M | $928.5M | ||
| Q2 25 | $334.2M | $1.3B | ||
| Q1 25 | $320.0M | $1.2B | ||
| Q4 24 | $319.9M | $1.1B | ||
| Q3 24 | $443.5M | $1.2B | ||
| Q2 24 | $442.0M | $1.1B |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $5.1B | ||
| Q3 25 | $770.1M | $5.0B | ||
| Q2 25 | $810.1M | $5.4B | ||
| Q1 25 | $790.1M | $5.1B | ||
| Q4 24 | $816.0M | $4.9B | ||
| Q3 24 | $973.7M | $4.9B | ||
| Q2 24 | $976.8M | $4.7B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.57× | — |
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 | $1.6M | $-85.5M |
| Free Cash FlowOCF − Capex | $1.4M | $-90.4M |
| FCF MarginFCF / Revenue | 0.7% | -27.1% |
| Capex IntensityCapex / Revenue | 0.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.36× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $-85.5M | ||
| Q3 25 | $22.9M | $-10.1M | ||
| Q2 25 | $15.8M | $-12.9M | ||
| Q1 25 | $9.3M | $-52.6M | ||
| Q4 24 | $38.5M | $-94.6M | ||
| Q3 24 | $25.6M | $-35.0M | ||
| Q2 24 | $23.1M | $-29.5M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $-90.4M | ||
| Q3 25 | $21.5M | $-11.3M | ||
| Q2 25 | $14.8M | $-14.2M | ||
| Q1 25 | $7.2M | $-53.5M | ||
| Q4 24 | $36.1M | $-98.6M | ||
| Q3 24 | $24.3M | $-36.1M | ||
| Q2 24 | $21.6M | $-30.8M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | -27.1% | ||
| Q3 25 | 10.9% | -3.6% | ||
| Q2 25 | 7.4% | -4.9% | ||
| Q1 25 | 3.7% | -19.8% | ||
| Q4 24 | 18.0% | -33.6% | ||
| Q3 24 | 11.7% | -12.8% | ||
| Q2 24 | 10.5% | -10.8% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | 1.1% | 0.3% | ||
| Q4 24 | 1.2% | 1.4% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.7% | 0.5% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.05× | -0.30× | ||
| Q1 25 | 8.31× | -14.37× | ||
| Q4 24 | — | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | — | -1.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FET
| Drilling and Completions | $126.7M | 61% |
| Downhole | $50.6M | 24% |
| Production Equipment | $18.8M | 9% |
| Valve Solutions | $12.8M | 6% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
