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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) 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 $188.4M, roughly 1.8× FTAI Infrastructure Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs -79.7%, a 96.7% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs 13.7%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs 14.2%).
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
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.
FIP vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.4M | $333.4M |
| Net Profit | $-150.2M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | — | 37.7% |
| Net Margin | -79.7% | 17.0% |
| Revenue YoY | 95.9% | 13.7% |
| Net Profit YoY | -387.6% | 206.3% |
| EPS (diluted) | $-1.32 | $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 | $188.4M | — | ||
| Q4 25 | $143.5M | $333.4M | ||
| Q3 25 | $140.6M | $311.1M | ||
| Q2 25 | $122.3M | $287.7M | ||
| Q1 25 | $96.2M | $269.6M | ||
| Q4 24 | $80.8M | $293.2M | ||
| Q3 24 | $83.3M | $281.5M | ||
| Q2 24 | $84.9M | $284.2M |
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | $56.5M | ||
| Q3 25 | $-104.5M | $-407.7M | ||
| Q2 25 | $-70.0M | $42.4M | ||
| Q1 25 | $120.2M | $3.7M | ||
| Q4 24 | $-124.7M | $18.5M | ||
| Q3 24 | $-43.0M | $27.2M | ||
| Q2 24 | $-48.1M | $21.5M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 37.7% | ||
| Q3 25 | -70.8% | -101.4% | ||
| Q2 25 | -56.4% | 29.6% | ||
| Q1 25 | 81.8% | 27.7% | ||
| Q4 24 | -152.7% | 32.1% | ||
| Q3 24 | -51.7% | 32.0% | ||
| Q2 24 | -56.4% | 31.4% |
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | 17.0% | ||
| Q3 25 | -74.4% | -131.0% | ||
| Q2 25 | -57.2% | 14.7% | ||
| Q1 25 | 125.0% | 1.4% | ||
| Q4 24 | -154.4% | 6.3% | ||
| Q3 24 | -51.6% | 9.6% | ||
| Q2 24 | -56.7% | 7.6% |
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | $1.47 | ||
| Q3 25 | $-1.38 | $-10.43 | ||
| Q2 25 | $-0.73 | $1.08 | ||
| Q1 25 | $0.89 | $0.09 | ||
| Q4 24 | $-1.21 | $0.47 | ||
| Q3 24 | $-0.45 | $0.69 | ||
| Q2 24 | $-0.52 | $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 | $37.9M | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-122.5K | $979.9M |
| Total Assets | $5.7B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | $104.4M | ||
| Q3 25 | $34.7M | $107.5M | ||
| Q2 25 | $33.6M | $131.6M | ||
| Q1 25 | $26.3M | $128.7M | ||
| Q4 24 | $27.8M | $105.9M | ||
| Q3 24 | $20.3M | $141.1M | ||
| Q2 24 | $33.1M | $118.9M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | $979.9M | ||
| Q3 25 | $181.1M | $928.5M | ||
| Q2 25 | $375.5M | $1.3B | ||
| Q1 25 | $476.2M | $1.2B | ||
| Q4 24 | $202.7M | $1.1B | ||
| Q3 24 | $370.8M | $1.2B | ||
| Q2 24 | $394.8M | $1.1B |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $5.1B | ||
| Q3 25 | $5.5B | $5.0B | ||
| Q2 25 | $4.4B | $5.4B | ||
| Q1 25 | $4.1B | $5.1B | ||
| Q4 24 | $2.4B | $4.9B | ||
| Q3 24 | $2.4B | $4.9B | ||
| Q2 24 | $2.5B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
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 | $-69.4M | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $-85.5M | ||
| Q3 25 | $-24.4M | $-10.1M | ||
| Q2 25 | $-5.2M | $-12.9M | ||
| Q1 25 | $-85.7M | $-52.6M | ||
| Q4 24 | $-8.1M | $-94.6M | ||
| Q3 24 | $14.2M | $-35.0M | ||
| Q2 24 | $-17.6M | $-29.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $-90.4M | ||
| Q3 25 | $-90.7M | $-11.3M | ||
| Q2 25 | $-87.5M | $-14.2M | ||
| Q1 25 | $-151.7M | $-53.5M | ||
| Q4 24 | $-34.3M | $-98.6M | ||
| Q3 24 | $-11.7M | $-36.1M | ||
| Q2 24 | $-32.1M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | -27.1% | ||
| Q3 25 | -64.5% | -3.6% | ||
| Q2 25 | -71.6% | -4.9% | ||
| Q1 25 | -157.7% | -19.8% | ||
| Q4 24 | -42.4% | -33.6% | ||
| Q3 24 | -14.0% | -12.8% | ||
| Q2 24 | -37.9% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 1.4% | ||
| Q3 25 | 47.2% | 0.4% | ||
| Q2 25 | 67.3% | 0.4% | ||
| Q1 25 | 68.6% | 0.3% | ||
| Q4 24 | 32.5% | 1.4% | ||
| Q3 24 | 31.1% | 0.4% | ||
| Q2 24 | 17.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | -0.71× | -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
FIP
Segment breakdown not available.
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
