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Side-by-side financial comparison of KADANT INC (KAI) 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 $271.6M, roughly 1.2× KADANT INC). PRA GROUP INC runs the higher net margin — 17.0% vs 10.2%, a 6.7% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs -0.0%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs 6.7%).

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

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.

KAI vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.2× larger
PRAA
$333.4M
$271.6M
KAI
Growing faster (revenue YoY)
PRAA
PRAA
+13.7% gap
PRAA
13.7%
-0.0%
KAI
Higher net margin
PRAA
PRAA
6.7% more per $
PRAA
17.0%
10.2%
KAI
More free cash flow
KAI
KAI
$134.4M more FCF
KAI
$44.1M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
6.7%
KAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KAI
KAI
PRAA
PRAA
Revenue
$271.6M
$333.4M
Net Profit
$27.7M
$56.5M
Gross Margin
45.2%
Operating Margin
15.7%
37.7%
Net Margin
10.2%
17.0%
Revenue YoY
-0.0%
13.7%
Net Profit YoY
-12.2%
206.3%
EPS (diluted)
$2.35
$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
KAI
KAI
PRAA
PRAA
Q4 25
$333.4M
Q3 25
$271.6M
$311.1M
Q2 25
$255.3M
$287.7M
Q1 25
$239.2M
$269.6M
Q4 24
$258.0M
$293.2M
Q3 24
$271.6M
$281.5M
Q2 24
$274.8M
$284.2M
Q1 24
$249.0M
$255.6M
Net Profit
KAI
KAI
PRAA
PRAA
Q4 25
$56.5M
Q3 25
$27.7M
$-407.7M
Q2 25
$26.2M
$42.4M
Q1 25
$24.1M
$3.7M
Q4 24
$24.0M
$18.5M
Q3 24
$31.6M
$27.2M
Q2 24
$31.3M
$21.5M
Q1 24
$24.7M
$3.5M
Gross Margin
KAI
KAI
PRAA
PRAA
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
KAI
KAI
PRAA
PRAA
Q4 25
37.7%
Q3 25
15.7%
-101.4%
Q2 25
15.4%
29.6%
Q1 25
14.9%
27.7%
Q4 24
14.3%
32.1%
Q3 24
18.0%
32.0%
Q2 24
17.6%
31.4%
Q1 24
14.8%
26.0%
Net Margin
KAI
KAI
PRAA
PRAA
Q4 25
17.0%
Q3 25
10.2%
-131.0%
Q2 25
10.2%
14.7%
Q1 25
10.1%
1.4%
Q4 24
9.3%
6.3%
Q3 24
11.6%
9.6%
Q2 24
11.4%
7.6%
Q1 24
9.9%
1.4%
EPS (diluted)
KAI
KAI
PRAA
PRAA
Q4 25
$1.47
Q3 25
$2.35
$-10.43
Q2 25
$2.22
$1.08
Q1 25
$2.04
$0.09
Q4 24
$2.04
$0.47
Q3 24
$2.68
$0.69
Q2 24
$2.66
$0.54
Q1 24
$2.10
$0.09

Balance Sheet & Financial Strength

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

Metric
KAI
KAI
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$124.5M
$104.4M
Total DebtLower is stronger
$254.6M
Stockholders' EquityBook value
$949.8M
$979.9M
Total Assets
$1.5B
$5.1B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KAI
KAI
PRAA
PRAA
Q4 25
$104.4M
Q3 25
$124.5M
$107.5M
Q2 25
$95.3M
$131.6M
Q1 25
$91.7M
$128.7M
Q4 24
$94.7M
$105.9M
Q3 24
$88.4M
$141.1M
Q2 24
$73.8M
$118.9M
Q1 24
$81.4M
$108.1M
Total Debt
KAI
KAI
PRAA
PRAA
Q4 25
Q3 25
$254.6M
Q2 25
$245.7M
Q1 25
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$342.0M
Q1 24
$306.8M
Stockholders' Equity
KAI
KAI
PRAA
PRAA
Q4 25
$979.9M
Q3 25
$949.8M
$928.5M
Q2 25
$926.0M
$1.3B
Q1 25
$876.0M
$1.2B
Q4 24
$847.1M
$1.1B
Q3 24
$851.7M
$1.2B
Q2 24
$807.7M
$1.1B
Q1 24
$782.7M
$1.1B
Total Assets
KAI
KAI
PRAA
PRAA
Q4 25
$5.1B
Q3 25
$1.5B
$5.0B
Q2 25
$1.5B
$5.4B
Q1 25
$1.4B
$5.1B
Q4 24
$1.4B
$4.9B
Q3 24
$1.5B
$4.9B
Q2 24
$1.5B
$4.7B
Q1 24
$1.4B
$4.5B
Debt / Equity
KAI
KAI
PRAA
PRAA
Q4 25
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.31×
Q4 24
0.34×
Q3 24
0.38×
Q2 24
0.42×
Q1 24
0.39×

Cash Flow & Capital Efficiency

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

Metric
KAI
KAI
PRAA
PRAA
Operating Cash FlowLast quarter
$47.3M
$-85.5M
Free Cash FlowOCF − Capex
$44.1M
$-90.4M
FCF MarginFCF / Revenue
16.2%
-27.1%
Capex IntensityCapex / Revenue
1.2%
1.4%
Cash ConversionOCF / Net Profit
1.70×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$145.9M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KAI
KAI
PRAA
PRAA
Q4 25
$-85.5M
Q3 25
$47.3M
$-10.1M
Q2 25
$40.5M
$-12.9M
Q1 25
$22.8M
$-52.6M
Q4 24
$51.9M
$-94.6M
Q3 24
$52.5M
$-35.0M
Q2 24
$28.1M
$-29.5M
Q1 24
$22.8M
$-73.0M
Free Cash Flow
KAI
KAI
PRAA
PRAA
Q4 25
$-90.4M
Q3 25
$44.1M
$-11.3M
Q2 25
$36.5M
$-14.2M
Q1 25
$19.0M
$-53.5M
Q4 24
$46.3M
$-98.6M
Q3 24
$48.3M
$-36.1M
Q2 24
$23.1M
$-30.8M
Q1 24
$16.6M
$-73.5M
FCF Margin
KAI
KAI
PRAA
PRAA
Q4 25
-27.1%
Q3 25
16.2%
-3.6%
Q2 25
14.3%
-4.9%
Q1 25
7.9%
-19.8%
Q4 24
17.9%
-33.6%
Q3 24
17.8%
-12.8%
Q2 24
8.4%
-10.8%
Q1 24
6.7%
-28.8%
Capex Intensity
KAI
KAI
PRAA
PRAA
Q4 25
1.4%
Q3 25
1.2%
0.4%
Q2 25
1.6%
0.4%
Q1 25
1.6%
0.3%
Q4 24
2.2%
1.4%
Q3 24
1.5%
0.4%
Q2 24
1.8%
0.5%
Q1 24
2.5%
0.2%
Cash Conversion
KAI
KAI
PRAA
PRAA
Q4 25
-1.51×
Q3 25
1.70×
Q2 25
1.55×
-0.30×
Q1 25
0.95×
-14.37×
Q4 24
2.16×
-5.13×
Q3 24
1.66×
-1.29×
Q2 24
0.90×
-1.37×
Q1 24
0.92×
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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