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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) 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 $274.5M, roughly 1.2× IPG PHOTONICS CORP). PRA GROUP INC runs the higher net margin — 17.0% vs 4.8%, a 12.1% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 13.7%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs 4.4%).
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
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.
IPGP vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $333.4M |
| Net Profit | $13.3M | $56.5M |
| Gross Margin | 36.1% | — |
| Operating Margin | 1.2% | 37.7% |
| Net Margin | 4.8% | 17.0% |
| Revenue YoY | 17.1% | 13.7% |
| Net Profit YoY | 69.8% | 206.3% |
| EPS (diluted) | $0.30 | $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.
| Q4 25 | $274.5M | $333.4M | ||
| Q3 25 | $250.8M | $311.1M | ||
| Q2 25 | $250.7M | $287.7M | ||
| Q1 25 | $227.8M | $269.6M | ||
| Q4 24 | $234.3M | $293.2M | ||
| Q3 24 | $233.1M | $281.5M | ||
| Q2 24 | $257.6M | $284.2M | ||
| Q1 24 | $252.0M | $255.6M |
| Q4 25 | $13.3M | $56.5M | ||
| Q3 25 | $7.5M | $-407.7M | ||
| Q2 25 | $6.6M | $42.4M | ||
| Q1 25 | $3.8M | $3.7M | ||
| Q4 24 | $7.8M | $18.5M | ||
| Q3 24 | $-233.6M | $27.2M | ||
| Q2 24 | $20.2M | $21.5M | ||
| Q1 24 | $24.1M | $3.5M |
| Q4 25 | 36.1% | — | ||
| Q3 25 | 39.5% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.7% | — |
| Q4 25 | 1.2% | 37.7% | ||
| Q3 25 | 3.1% | -101.4% | ||
| Q2 25 | 0.0% | 29.6% | ||
| Q1 25 | 0.8% | 27.7% | ||
| Q4 24 | 6.0% | 32.1% | ||
| Q3 24 | -108.7% | 32.0% | ||
| Q2 24 | 4.7% | 31.4% | ||
| Q1 24 | 7.6% | 26.0% |
| Q4 25 | 4.8% | 17.0% | ||
| Q3 25 | 3.0% | -131.0% | ||
| Q2 25 | 2.6% | 14.7% | ||
| Q1 25 | 1.6% | 1.4% | ||
| Q4 24 | 3.3% | 6.3% | ||
| Q3 24 | -100.2% | 9.6% | ||
| Q2 24 | 7.8% | 7.6% | ||
| Q1 24 | 9.6% | 1.4% |
| Q4 25 | $0.30 | $1.47 | ||
| Q3 25 | $0.18 | $-10.43 | ||
| Q2 25 | $0.16 | $1.08 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $0.27 | $0.47 | ||
| Q3 24 | $-5.33 | $0.69 | ||
| Q2 24 | $0.45 | $0.54 | ||
| Q1 24 | $0.52 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $839.3M | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $979.9M |
| Total Assets | $2.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $104.4M | ||
| Q3 25 | $870.4M | $107.5M | ||
| Q2 25 | $899.6M | $131.6M | ||
| Q1 25 | $926.9M | $128.7M | ||
| Q4 24 | $930.2M | $105.9M | ||
| Q3 24 | $1.0B | $141.1M | ||
| Q2 24 | $1.1B | $118.9M | ||
| Q1 24 | $1.1B | $108.1M |
| Q4 25 | $2.1B | $979.9M | ||
| Q3 25 | $2.1B | $928.5M | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.4B | $5.0B | ||
| Q2 25 | $2.4B | $5.4B | ||
| Q1 25 | $2.3B | $5.1B | ||
| Q4 24 | $2.3B | $4.9B | ||
| Q3 24 | $2.4B | $4.9B | ||
| Q2 24 | $2.5B | $4.7B | ||
| Q1 24 | $2.6B | $4.5B |
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 | $28.8M | $-85.5M |
| Free Cash FlowOCF − Capex | $10.9M | $-90.4M |
| FCF MarginFCF / Revenue | 4.0% | -27.1% |
| Capex IntensityCapex / Revenue | 6.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.17× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $-85.5M | ||
| Q3 25 | $35.3M | $-10.1M | ||
| Q2 25 | $-2.2M | $-12.9M | ||
| Q1 25 | $13.4M | $-52.6M | ||
| Q4 24 | $73.8M | $-94.6M | ||
| Q3 24 | $66.1M | $-35.0M | ||
| Q2 24 | $53.5M | $-29.5M | ||
| Q1 24 | $54.6M | $-73.0M |
| Q4 25 | $10.9M | $-90.4M | ||
| Q3 25 | $14.6M | $-11.3M | ||
| Q2 25 | $-17.6M | $-14.2M | ||
| Q1 25 | $-11.4M | $-53.5M | ||
| Q4 24 | $50.6M | $-98.6M | ||
| Q3 24 | $43.0M | $-36.1M | ||
| Q2 24 | $29.2M | $-30.8M | ||
| Q1 24 | $26.5M | $-73.5M |
| Q4 25 | 4.0% | -27.1% | ||
| Q3 25 | 5.8% | -3.6% | ||
| Q2 25 | -7.0% | -4.9% | ||
| Q1 25 | -5.0% | -19.8% | ||
| Q4 24 | 21.6% | -33.6% | ||
| Q3 24 | 18.4% | -12.8% | ||
| Q2 24 | 11.3% | -10.8% | ||
| Q1 24 | 10.5% | -28.8% |
| Q4 25 | 6.5% | 1.4% | ||
| Q3 25 | 8.3% | 0.4% | ||
| Q2 25 | 6.1% | 0.4% | ||
| Q1 25 | 10.9% | 0.3% | ||
| Q4 24 | 9.9% | 1.4% | ||
| Q3 24 | 9.9% | 0.4% | ||
| Q2 24 | 9.4% | 0.5% | ||
| Q1 24 | 11.1% | 0.2% |
| Q4 25 | 2.17× | -1.51× | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | -0.30× | ||
| Q1 25 | 3.58× | -14.37× | ||
| Q4 24 | 9.44× | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | 2.65× | -1.37× | ||
| Q1 24 | 2.27× | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
