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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) 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 $318.2M, roughly 1.0× Mueller Water Products, Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs 13.6%, a 3.4% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 4.6%). Mueller Water Products, Inc. produced more free cash flow last quarter ($44.0M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -5.1%).

Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.

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.

MWA vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.0× larger
PRAA
$333.4M
$318.2M
MWA
Growing faster (revenue YoY)
PRAA
PRAA
+9.1% gap
PRAA
13.7%
4.6%
MWA
Higher net margin
PRAA
PRAA
3.4% more per $
PRAA
17.0%
13.6%
MWA
More free cash flow
MWA
MWA
$134.4M more FCF
MWA
$44.0M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
PRAA
PRAA
Revenue
$318.2M
$333.4M
Net Profit
$43.2M
$56.5M
Gross Margin
37.6%
Operating Margin
17.8%
37.7%
Net Margin
13.6%
17.0%
Revenue YoY
4.6%
13.7%
Net Profit YoY
22.4%
206.3%
EPS (diluted)
$0.27
$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
MWA
MWA
PRAA
PRAA
Q4 25
$318.2M
$333.4M
Q3 25
$380.8M
$311.1M
Q2 25
$380.3M
$287.7M
Q1 25
$364.3M
$269.6M
Q4 24
$304.3M
$293.2M
Q3 24
$348.2M
$281.5M
Q2 24
$356.7M
$284.2M
Q1 24
$353.4M
$255.6M
Net Profit
MWA
MWA
PRAA
PRAA
Q4 25
$43.2M
$56.5M
Q3 25
$52.6M
$-407.7M
Q2 25
$52.5M
$42.4M
Q1 25
$51.3M
$3.7M
Q4 24
$35.3M
$18.5M
Q3 24
$10.0M
$27.2M
Q2 24
$47.3M
$21.5M
Q1 24
$44.3M
$3.5M
Gross Margin
MWA
MWA
PRAA
PRAA
Q4 25
37.6%
Q3 25
36.8%
Q2 25
38.3%
Q1 25
35.1%
Q4 24
33.8%
Q3 24
31.8%
Q2 24
36.8%
Q1 24
36.9%
Operating Margin
MWA
MWA
PRAA
PRAA
Q4 25
17.8%
37.7%
Q3 25
18.3%
-101.4%
Q2 25
19.4%
29.6%
Q1 25
19.2%
27.7%
Q4 24
15.6%
32.1%
Q3 24
8.2%
32.0%
Q2 24
18.8%
31.4%
Q1 24
18.0%
26.0%
Net Margin
MWA
MWA
PRAA
PRAA
Q4 25
13.6%
17.0%
Q3 25
13.8%
-131.0%
Q2 25
13.8%
14.7%
Q1 25
14.1%
1.4%
Q4 24
11.6%
6.3%
Q3 24
2.9%
9.6%
Q2 24
13.3%
7.6%
Q1 24
12.5%
1.4%
EPS (diluted)
MWA
MWA
PRAA
PRAA
Q4 25
$0.27
$1.47
Q3 25
$0.34
$-10.43
Q2 25
$0.33
$1.08
Q1 25
$0.33
$0.09
Q4 24
$0.22
$0.47
Q3 24
$0.07
$0.69
Q2 24
$0.30
$0.54
Q1 24
$0.28
$0.09

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$104.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$979.9M
Total Assets
$1.8B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
PRAA
PRAA
Q4 25
$104.4M
Q3 25
$107.5M
Q2 25
$131.6M
Q1 25
$128.7M
Q4 24
$105.9M
Q3 24
$141.1M
Q2 24
$118.9M
Q1 24
$108.1M
Stockholders' Equity
MWA
MWA
PRAA
PRAA
Q4 25
$1.0B
$979.9M
Q3 25
$981.7M
$928.5M
Q2 25
$929.0M
$1.3B
Q1 25
$873.6M
$1.2B
Q4 24
$834.1M
$1.1B
Q3 24
$810.1M
$1.2B
Q2 24
$791.6M
$1.1B
Q1 24
$754.5M
$1.1B
Total Assets
MWA
MWA
PRAA
PRAA
Q4 25
$1.8B
$5.1B
Q3 25
$1.8B
$5.0B
Q2 25
$1.7B
$5.4B
Q1 25
$1.7B
$5.1B
Q4 24
$1.6B
$4.9B
Q3 24
$1.6B
$4.9B
Q2 24
$1.6B
$4.7B
Q1 24
$1.5B
$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
MWA
MWA
PRAA
PRAA
Operating Cash FlowLast quarter
$61.2M
$-85.5M
Free Cash FlowOCF − Capex
$44.0M
$-90.4M
FCF MarginFCF / Revenue
13.8%
-27.1%
Capex IntensityCapex / Revenue
5.4%
1.4%
Cash ConversionOCF / Net Profit
1.42×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$173.8M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
PRAA
PRAA
Q4 25
$61.2M
$-85.5M
Q3 25
$83.5M
$-10.1M
Q2 25
$67.4M
$-12.9M
Q1 25
$14.3M
$-52.6M
Q4 24
$54.1M
$-94.6M
Q3 24
$89.3M
$-35.0M
Q2 24
$87.3M
$-29.5M
Q1 24
$-5.7M
$-73.0M
Free Cash Flow
MWA
MWA
PRAA
PRAA
Q4 25
$44.0M
$-90.4M
Q3 25
$69.0M
$-11.3M
Q2 25
$55.7M
$-14.2M
Q1 25
$5.1M
$-53.5M
Q4 24
$42.2M
$-98.6M
Q3 24
$69.9M
$-36.1M
Q2 24
$75.1M
$-30.8M
Q1 24
$-15.8M
$-73.5M
FCF Margin
MWA
MWA
PRAA
PRAA
Q4 25
13.8%
-27.1%
Q3 25
18.1%
-3.6%
Q2 25
14.6%
-4.9%
Q1 25
1.4%
-19.8%
Q4 24
13.9%
-33.6%
Q3 24
20.1%
-12.8%
Q2 24
21.1%
-10.8%
Q1 24
-4.5%
-28.8%
Capex Intensity
MWA
MWA
PRAA
PRAA
Q4 25
5.4%
1.4%
Q3 25
3.8%
0.4%
Q2 25
3.1%
0.4%
Q1 25
2.5%
0.3%
Q4 24
3.9%
1.4%
Q3 24
5.6%
0.4%
Q2 24
3.4%
0.5%
Q1 24
2.9%
0.2%
Cash Conversion
MWA
MWA
PRAA
PRAA
Q4 25
1.42×
-1.51×
Q3 25
1.59×
Q2 25
1.28×
-0.30×
Q1 25
0.28×
-14.37×
Q4 24
1.53×
-5.13×
Q3 24
8.93×
-1.29×
Q2 24
1.85×
-1.37×
Q1 24
-0.13×
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MWA
MWA

Water Flow Solutions$173.0M54%
Water Management Solutions$145.2M46%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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