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Side-by-side financial comparison of INTEGRA LIFESCIENCES HOLDINGS CORP (IART) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.

INTEGRA LIFESCIENCES HOLDINGS CORP is the larger business by last-quarter revenue ($434.9M vs $333.4M, roughly 1.3× PRA GROUP INC). On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs -1.7%). INTEGRA LIFESCIENCES HOLDINGS CORP produced more free cash flow last quarter ($-5.4M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs 8.6%).

Integra LifeSciences Holdings Corporation is a global medical device manufacturing company headquartered in Princeton, New Jersey. Founded in 1989, the company manufactures products for skin regeneration, neurosurgery, reconstructive and general surgery. Integra artificial skin became the first commercially reproducible skin tissue used to treat severe burns and other skin wounds.

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.

IART vs PRAA — Head-to-Head

Bigger by revenue
IART
IART
1.3× larger
IART
$434.9M
$333.4M
PRAA
Growing faster (revenue YoY)
PRAA
PRAA
+15.4% gap
PRAA
13.7%
-1.7%
IART
More free cash flow
IART
IART
$85.0M more FCF
IART
$-5.4M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
8.6%
IART

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IART
IART
PRAA
PRAA
Revenue
$434.9M
$333.4M
Net Profit
$56.5M
Gross Margin
50.8%
Operating Margin
5.3%
37.7%
Net Margin
17.0%
Revenue YoY
-1.7%
13.7%
Net Profit YoY
206.3%
EPS (diluted)
$-0.03
$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
IART
IART
PRAA
PRAA
Q4 25
$434.9M
$333.4M
Q3 25
$402.1M
$311.1M
Q2 25
$415.6M
$287.7M
Q1 25
$382.7M
$269.6M
Q4 24
$442.6M
$293.2M
Q3 24
$380.8M
$281.5M
Q2 24
$418.2M
$284.2M
Q1 24
$368.9M
$255.6M
Net Profit
IART
IART
PRAA
PRAA
Q4 25
$56.5M
Q3 25
$-5.4M
$-407.7M
Q2 25
$-484.1M
$42.4M
Q1 25
$-25.3M
$3.7M
Q4 24
$18.5M
Q3 24
$-10.7M
$27.2M
Q2 24
$-12.4M
$21.5M
Q1 24
$-3.3M
$3.5M
Gross Margin
IART
IART
PRAA
PRAA
Q4 25
50.8%
Q3 25
51.5%
Q2 25
50.4%
Q1 25
50.8%
Q4 24
56.3%
Q3 24
52.6%
Q2 24
54.0%
Q1 24
56.1%
Operating Margin
IART
IART
PRAA
PRAA
Q4 25
5.3%
37.7%
Q3 25
2.9%
-101.4%
Q2 25
-123.4%
29.6%
Q1 25
-4.0%
27.7%
Q4 24
8.0%
32.1%
Q3 24
-2.1%
32.0%
Q2 24
-0.7%
31.4%
Q1 24
1.1%
26.0%
Net Margin
IART
IART
PRAA
PRAA
Q4 25
17.0%
Q3 25
-1.3%
-131.0%
Q2 25
-116.5%
14.7%
Q1 25
-6.6%
1.4%
Q4 24
6.3%
Q3 24
-2.8%
9.6%
Q2 24
-3.0%
7.6%
Q1 24
-0.9%
1.4%
EPS (diluted)
IART
IART
PRAA
PRAA
Q4 25
$-0.03
$1.47
Q3 25
$-0.07
$-10.43
Q2 25
$-6.31
$1.08
Q1 25
$-0.33
$0.09
Q4 24
$0.25
$0.47
Q3 24
$-0.14
$0.69
Q2 24
$-0.16
$0.54
Q1 24
$-0.04
$0.09

Balance Sheet & Financial Strength

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

Metric
IART
IART
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$263.7M
$104.4M
Total DebtLower is stronger
$726.6M
Stockholders' EquityBook value
$1.0B
$979.9M
Total Assets
$3.6B
$5.1B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IART
IART
PRAA
PRAA
Q4 25
$263.7M
$104.4M
Q3 25
$267.9M
$107.5M
Q2 25
$253.6M
$131.6M
Q1 25
$273.3M
$128.7M
Q4 24
$273.6M
$105.9M
Q3 24
$277.6M
$141.1M
Q2 24
$296.9M
$118.9M
Q1 24
$663.1M
$108.1M
Total Debt
IART
IART
PRAA
PRAA
Q4 25
$726.6M
Q3 25
$736.3M
Q2 25
$745.9M
Q1 25
$755.6M
Q4 24
$760.5M
Q3 24
$765.3M
Q2 24
$770.2M
Q1 24
$775.0M
Stockholders' Equity
IART
IART
PRAA
PRAA
Q4 25
$1.0B
$979.9M
Q3 25
$1.0B
$928.5M
Q2 25
$1.0B
$1.3B
Q1 25
$1.5B
$1.2B
Q4 24
$1.5B
$1.1B
Q3 24
$1.5B
$1.2B
Q2 24
$1.5B
$1.1B
Q1 24
$1.6B
$1.1B
Total Assets
IART
IART
PRAA
PRAA
Q4 25
$3.6B
$5.1B
Q3 25
$3.6B
$5.0B
Q2 25
$3.7B
$5.4B
Q1 25
$4.1B
$5.1B
Q4 24
$4.0B
$4.9B
Q3 24
$4.1B
$4.9B
Q2 24
$4.1B
$4.7B
Q1 24
$4.1B
$4.5B
Debt / Equity
IART
IART
PRAA
PRAA
Q4 25
0.70×
Q3 25
0.71×
Q2 25
0.72×
Q1 25
0.50×
Q4 24
0.49×
Q3 24
0.50×
Q2 24
0.50×
Q1 24
0.48×

Cash Flow & Capital Efficiency

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

Metric
IART
IART
PRAA
PRAA
Operating Cash FlowLast quarter
$11.8M
$-85.5M
Free Cash FlowOCF − Capex
$-5.4M
$-90.4M
FCF MarginFCF / Revenue
-1.2%
-27.1%
Capex IntensityCapex / Revenue
4.0%
1.4%
Cash ConversionOCF / Net Profit
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$-31.1M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IART
IART
PRAA
PRAA
Q4 25
$11.8M
$-85.5M
Q3 25
$40.9M
$-10.1M
Q2 25
$8.9M
$-12.9M
Q1 25
$-11.3M
$-52.6M
Q4 24
$50.7M
$-94.6M
Q3 24
$22.5M
$-35.0M
Q2 24
$40.4M
$-29.5M
Q1 24
$15.8M
$-73.0M
Free Cash Flow
IART
IART
PRAA
PRAA
Q4 25
$-5.4M
$-90.4M
Q3 25
$25.8M
$-11.3M
Q2 25
$-11.2M
$-14.2M
Q1 25
$-40.2M
$-53.5M
Q4 24
$21.1M
$-98.6M
Q3 24
$-7.2M
$-36.1M
Q2 24
$10.7M
$-30.8M
Q1 24
$291.0K
$-73.5M
FCF Margin
IART
IART
PRAA
PRAA
Q4 25
-1.2%
-27.1%
Q3 25
6.4%
-3.6%
Q2 25
-2.7%
-4.9%
Q1 25
-10.5%
-19.8%
Q4 24
4.8%
-33.6%
Q3 24
-1.9%
-12.8%
Q2 24
2.6%
-10.8%
Q1 24
0.1%
-28.8%
Capex Intensity
IART
IART
PRAA
PRAA
Q4 25
4.0%
1.4%
Q3 25
3.8%
0.4%
Q2 25
4.8%
0.4%
Q1 25
7.6%
0.3%
Q4 24
6.7%
1.4%
Q3 24
7.8%
0.4%
Q2 24
7.1%
0.5%
Q1 24
4.2%
0.2%
Cash Conversion
IART
IART
PRAA
PRAA
Q4 25
-1.51×
Q3 25
Q2 25
-0.30×
Q1 25
-14.37×
Q4 24
-5.13×
Q3 24
-1.29×
Q2 24
-1.37×
Q1 24
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IART
IART

Neurosurgery$226.2M52%
Asia Pacific$53.7M12%
Instruments$52.3M12%
ENT$44.8M10%
Other$38.9M9%
Rest Of The World$19.0M4%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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