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Side-by-side financial comparison of Mistras Group, Inc. (MG) 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 $181.5M, roughly 1.8× Mistras Group, Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs 2.1%, a 14.9% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -0.8%).

Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.

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.

MG vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.8× larger
PRAA
$333.4M
$181.5M
MG
Growing faster (revenue YoY)
PRAA
PRAA
+8.6% gap
PRAA
13.7%
5.1%
MG
Higher net margin
PRAA
PRAA
14.9% more per $
PRAA
17.0%
2.1%
MG
More free cash flow
MG
MG
$116.4M more FCF
MG
$26.0M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MG
MG
PRAA
PRAA
Revenue
$181.5M
$333.4M
Net Profit
$3.8M
$56.5M
Gross Margin
28.4%
Operating Margin
7.0%
37.7%
Net Margin
2.1%
17.0%
Revenue YoY
5.1%
13.7%
Net Profit YoY
-27.4%
206.3%
EPS (diluted)
$0.12
$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
MG
MG
PRAA
PRAA
Q4 25
$181.5M
$333.4M
Q3 25
$195.5M
$311.1M
Q2 25
$185.4M
$287.7M
Q1 25
$161.6M
$269.6M
Q4 24
$172.7M
$293.2M
Q3 24
$182.7M
$281.5M
Q2 24
$189.8M
$284.2M
Q1 24
$184.4M
$255.6M
Net Profit
MG
MG
PRAA
PRAA
Q4 25
$3.8M
$56.5M
Q3 25
$13.1M
$-407.7M
Q2 25
$3.0M
$42.4M
Q1 25
$-3.2M
$3.7M
Q4 24
$5.2M
$18.5M
Q3 24
$6.4M
$27.2M
Q2 24
$6.4M
$21.5M
Q1 24
$995.0K
$3.5M
Gross Margin
MG
MG
PRAA
PRAA
Q4 25
28.4%
Q3 25
29.8%
Q2 25
29.1%
Q1 25
25.3%
Q4 24
26.5%
Q3 24
26.8%
Q2 24
27.1%
Q1 24
25.0%
Operating Margin
MG
MG
PRAA
PRAA
Q4 25
7.0%
37.7%
Q3 25
10.4%
-101.4%
Q2 25
4.5%
29.6%
Q1 25
-0.6%
27.7%
Q4 24
6.1%
32.1%
Q3 24
6.5%
32.0%
Q2 24
6.3%
31.4%
Q1 24
3.0%
26.0%
Net Margin
MG
MG
PRAA
PRAA
Q4 25
2.1%
17.0%
Q3 25
6.7%
-131.0%
Q2 25
1.6%
14.7%
Q1 25
-2.0%
1.4%
Q4 24
3.0%
6.3%
Q3 24
3.5%
9.6%
Q2 24
3.4%
7.6%
Q1 24
0.5%
1.4%
EPS (diluted)
MG
MG
PRAA
PRAA
Q4 25
$0.12
$1.47
Q3 25
$0.41
$-10.43
Q2 25
$0.10
$1.08
Q1 25
$-0.10
$0.09
Q4 24
$0.17
$0.47
Q3 24
$0.20
$0.69
Q2 24
$0.20
$0.54
Q1 24
$0.03
$0.09

Balance Sheet & Financial Strength

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

Metric
MG
MG
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$28.0M
$104.4M
Total DebtLower is stronger
$178.0M
Stockholders' EquityBook value
$235.1M
$979.9M
Total Assets
$578.8M
$5.1B
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
PRAA
PRAA
Q4 25
$28.0M
$104.4M
Q3 25
$27.8M
$107.5M
Q2 25
$20.0M
$131.6M
Q1 25
$18.5M
$128.7M
Q4 24
$18.3M
$105.9M
Q3 24
$20.4M
$141.1M
Q2 24
$17.2M
$118.9M
Q1 24
$16.9M
$108.1M
Total Debt
MG
MG
PRAA
PRAA
Q4 25
$178.0M
Q3 25
$202.3M
Q2 25
$189.4M
Q1 25
$171.9M
Q4 24
$169.6M
Q3 24
$189.7M
Q2 24
$199.7M
Q1 24
$198.4M
Stockholders' Equity
MG
MG
PRAA
PRAA
Q4 25
$235.1M
$979.9M
Q3 25
$227.4M
$928.5M
Q2 25
$215.8M
$1.3B
Q1 25
$198.7M
$1.2B
Q4 24
$198.6M
$1.1B
Q3 24
$205.2M
$1.2B
Q2 24
$193.2M
$1.1B
Q1 24
$187.1M
$1.1B
Total Assets
MG
MG
PRAA
PRAA
Q4 25
$578.8M
$5.1B
Q3 25
$596.3M
$5.0B
Q2 25
$571.0M
$5.4B
Q1 25
$526.8M
$5.1B
Q4 24
$523.0M
$4.9B
Q3 24
$551.7M
$4.9B
Q2 24
$548.1M
$4.7B
Q1 24
$542.1M
$4.5B
Debt / Equity
MG
MG
PRAA
PRAA
Q4 25
0.76×
Q3 25
0.89×
Q2 25
0.88×
Q1 25
0.87×
Q4 24
0.85×
Q3 24
0.92×
Q2 24
1.03×
Q1 24
1.06×

Cash Flow & Capital Efficiency

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

Metric
MG
MG
PRAA
PRAA
Operating Cash FlowLast quarter
$32.1M
$-85.5M
Free Cash FlowOCF − Capex
$26.0M
$-90.4M
FCF MarginFCF / Revenue
14.3%
-27.1%
Capex IntensityCapex / Revenue
3.4%
1.4%
Cash ConversionOCF / Net Profit
8.55×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
PRAA
PRAA
Q4 25
$32.1M
$-85.5M
Q3 25
$4.5M
$-10.1M
Q2 25
$-9.3M
$-12.9M
Q1 25
$5.6M
$-52.6M
Q4 24
$25.7M
$-94.6M
Q3 24
$19.4M
$-35.0M
Q2 24
$4.5M
$-29.5M
Q1 24
$604.0K
$-73.0M
Free Cash Flow
MG
MG
PRAA
PRAA
Q4 25
$26.0M
$-90.4M
Q3 25
$-4.1M
$-11.3M
Q2 25
$-14.7M
$-14.2M
Q1 25
$1.1M
$-53.5M
Q4 24
$22.1M
$-98.6M
Q3 24
$14.6M
$-36.1M
Q2 24
$-284.0K
$-30.8M
Q1 24
$-4.2M
$-73.5M
FCF Margin
MG
MG
PRAA
PRAA
Q4 25
14.3%
-27.1%
Q3 25
-2.1%
-3.6%
Q2 25
-7.9%
-4.9%
Q1 25
0.7%
-19.8%
Q4 24
12.8%
-33.6%
Q3 24
8.0%
-12.8%
Q2 24
-0.1%
-10.8%
Q1 24
-2.3%
-28.8%
Capex Intensity
MG
MG
PRAA
PRAA
Q4 25
3.4%
1.4%
Q3 25
4.4%
0.4%
Q2 25
2.9%
0.4%
Q1 25
2.8%
0.3%
Q4 24
2.1%
1.4%
Q3 24
2.6%
0.4%
Q2 24
2.5%
0.5%
Q1 24
2.6%
0.2%
Cash Conversion
MG
MG
PRAA
PRAA
Q4 25
8.55×
-1.51×
Q3 25
0.34×
Q2 25
-3.07×
-0.30×
Q1 25
-14.37×
Q4 24
4.96×
-5.13×
Q3 24
3.02×
-1.29×
Q2 24
0.71×
-1.37×
Q1 24
0.61×
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MG
MG

Segment breakdown not available.

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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