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Side-by-side financial comparison of LANDS' END, INC. (LE) 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 $317.5M, roughly 1.1× LANDS' END, INC.). PRA GROUP INC runs the higher net margin — 17.0% vs 1.6%, a 15.3% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 0.1%). LANDS' END, INC. produced more free cash flow last quarter ($-22.4M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -0.9%).

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

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.

LE vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.1× larger
PRAA
$333.4M
$317.5M
LE
Growing faster (revenue YoY)
PRAA
PRAA
+13.6% gap
PRAA
13.7%
0.1%
LE
Higher net margin
PRAA
PRAA
15.3% more per $
PRAA
17.0%
1.6%
LE
More free cash flow
LE
LE
$67.9M more FCF
LE
$-22.4M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
-0.9%
LE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LE
LE
PRAA
PRAA
Revenue
$317.5M
$333.4M
Net Profit
$5.2M
$56.5M
Gross Margin
51.8%
Operating Margin
5.3%
37.7%
Net Margin
1.6%
17.0%
Revenue YoY
0.1%
13.7%
Net Profit YoY
198.3%
206.3%
EPS (diluted)
$0.17
$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
LE
LE
PRAA
PRAA
Q4 25
$317.5M
$333.4M
Q3 25
$311.1M
Q2 25
$261.2M
$287.7M
Q1 25
$269.6M
Q4 24
$318.6M
$293.2M
Q3 24
$317.2M
$281.5M
Q2 24
$285.5M
$284.2M
Q1 24
$514.9M
$255.6M
Net Profit
LE
LE
PRAA
PRAA
Q4 25
$5.2M
$56.5M
Q3 25
$-407.7M
Q2 25
$-8.3M
$42.4M
Q1 25
$3.7M
Q4 24
$-593.0K
$18.5M
Q3 24
$-5.3M
$27.2M
Q2 24
$-6.4M
$21.5M
Q1 24
$-8.6M
$3.5M
Gross Margin
LE
LE
PRAA
PRAA
Q4 25
51.8%
Q3 25
Q2 25
50.8%
Q1 25
Q4 24
50.6%
Q3 24
47.9%
Q2 24
48.7%
Q1 24
38.0%
Operating Margin
LE
LE
PRAA
PRAA
Q4 25
5.3%
37.7%
Q3 25
-101.4%
Q2 25
-0.9%
29.6%
Q1 25
27.7%
Q4 24
2.9%
32.1%
Q3 24
0.8%
32.0%
Q2 24
0.8%
31.4%
Q1 24
1.6%
26.0%
Net Margin
LE
LE
PRAA
PRAA
Q4 25
1.6%
17.0%
Q3 25
-131.0%
Q2 25
-3.2%
14.7%
Q1 25
1.4%
Q4 24
-0.2%
6.3%
Q3 24
-1.7%
9.6%
Q2 24
-2.3%
7.6%
Q1 24
-1.7%
1.4%
EPS (diluted)
LE
LE
PRAA
PRAA
Q4 25
$0.17
$1.47
Q3 25
$-10.43
Q2 25
$-0.27
$1.08
Q1 25
$0.09
Q4 24
$-0.02
$0.47
Q3 24
$-0.17
$0.69
Q2 24
$-0.20
$0.54
Q1 24
$-0.27
$0.09

Balance Sheet & Financial Strength

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

Metric
LE
LE
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$36.3M
$104.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$979.9M
Total Assets
$852.7M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LE
LE
PRAA
PRAA
Q4 25
$36.3M
$104.4M
Q3 25
$107.5M
Q2 25
$18.1M
$131.6M
Q1 25
$128.7M
Q4 24
$30.4M
$105.9M
Q3 24
$25.6M
$141.1M
Q2 24
$27.4M
$118.9M
Q1 24
$25.3M
$108.1M
Stockholders' Equity
LE
LE
PRAA
PRAA
Q4 25
$231.0M
$979.9M
Q3 25
$928.5M
Q2 25
$230.1M
$1.3B
Q1 25
$1.2B
Q4 24
$223.6M
$1.1B
Q3 24
$226.5M
$1.2B
Q2 24
$234.6M
$1.1B
Q1 24
$241.6M
$1.1B
Total Assets
LE
LE
PRAA
PRAA
Q4 25
$852.7M
$5.1B
Q3 25
$5.0B
Q2 25
$760.5M
$5.4B
Q1 25
$5.1B
Q4 24
$843.6M
$4.9B
Q3 24
$802.5M
$4.9B
Q2 24
$800.1M
$4.7B
Q1 24
$811.5M
$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
LE
LE
PRAA
PRAA
Operating Cash FlowLast quarter
$-15.7M
$-85.5M
Free Cash FlowOCF − Capex
$-22.4M
$-90.4M
FCF MarginFCF / Revenue
-7.1%
-27.1%
Capex IntensityCapex / Revenue
2.1%
1.4%
Cash ConversionOCF / Net Profit
-3.03×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LE
LE
PRAA
PRAA
Q4 25
$-15.7M
$-85.5M
Q3 25
$-10.1M
Q2 25
$-22.5M
$-12.9M
Q1 25
$-52.6M
Q4 24
$-17.1M
$-94.6M
Q3 24
$30.7M
$-35.0M
Q2 24
$-25.8M
$-29.5M
Q1 24
$93.9M
$-73.0M
Free Cash Flow
LE
LE
PRAA
PRAA
Q4 25
$-22.4M
$-90.4M
Q3 25
$-11.3M
Q2 25
$-30.7M
$-14.2M
Q1 25
$-53.5M
Q4 24
$-27.8M
$-98.6M
Q3 24
$26.0M
$-36.1M
Q2 24
$-32.6M
$-30.8M
Q1 24
$87.5M
$-73.5M
FCF Margin
LE
LE
PRAA
PRAA
Q4 25
-7.1%
-27.1%
Q3 25
-3.6%
Q2 25
-11.8%
-4.9%
Q1 25
-19.8%
Q4 24
-8.7%
-33.6%
Q3 24
8.2%
-12.8%
Q2 24
-11.4%
-10.8%
Q1 24
17.0%
-28.8%
Capex Intensity
LE
LE
PRAA
PRAA
Q4 25
2.1%
1.4%
Q3 25
0.4%
Q2 25
3.2%
0.4%
Q1 25
0.3%
Q4 24
3.3%
1.4%
Q3 24
1.5%
0.4%
Q2 24
2.4%
0.5%
Q1 24
1.2%
0.2%
Cash Conversion
LE
LE
PRAA
PRAA
Q4 25
-3.03×
-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

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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