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Side-by-side financial comparison of Ingevity Corp (NGVT) 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 $185.4M, roughly 1.8× Ingevity Corp). PRA GROUP INC runs the higher net margin — 17.0% vs -45.6%, a 62.6% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 13.7%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -26.2%).

Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.

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.

NGVT vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.8× larger
PRAA
$333.4M
$185.4M
NGVT
Growing faster (revenue YoY)
NGVT
NGVT
+23.0% gap
NGVT
36.7%
13.7%
PRAA
Higher net margin
PRAA
PRAA
62.6% more per $
PRAA
17.0%
-45.6%
NGVT
More free cash flow
NGVT
NGVT
$163.9M more FCF
NGVT
$73.5M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NGVT
NGVT
PRAA
PRAA
Revenue
$185.4M
$333.4M
Net Profit
$-84.6M
$56.5M
Gross Margin
41.2%
Operating Margin
-47.7%
37.7%
Net Margin
-45.6%
17.0%
Revenue YoY
36.7%
13.7%
Net Profit YoY
-609.6%
206.3%
EPS (diluted)
$-2.33
$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
NGVT
NGVT
PRAA
PRAA
Q4 25
$185.4M
$333.4M
Q3 25
$333.1M
$311.1M
Q2 25
$365.1M
$287.7M
Q1 25
$284.0M
$269.6M
Q4 24
$135.6M
$293.2M
Q3 24
$333.8M
$281.5M
Q2 24
$390.6M
$284.2M
Q1 24
$340.1M
$255.6M
Net Profit
NGVT
NGVT
PRAA
PRAA
Q4 25
$-84.6M
$56.5M
Q3 25
$43.5M
$-407.7M
Q2 25
$-146.5M
$42.4M
Q1 25
$20.5M
$3.7M
Q4 24
$16.6M
$18.5M
Q3 24
$-107.2M
$27.2M
Q2 24
$-283.7M
$21.5M
Q1 24
$-56.0M
$3.5M
Gross Margin
NGVT
NGVT
PRAA
PRAA
Q4 25
41.2%
Q3 25
40.2%
Q2 25
37.8%
Q1 25
39.9%
Q4 24
81.3%
Q3 24
39.4%
Q2 24
31.5%
Q1 24
29.3%
Operating Margin
NGVT
NGVT
PRAA
PRAA
Q4 25
-47.7%
37.7%
Q3 25
18.7%
-101.4%
Q2 25
-39.1%
29.6%
Q1 25
9.4%
27.7%
Q4 24
32.1%
Q3 24
33.0%
32.0%
Q2 24
25.9%
31.4%
Q1 24
22.6%
26.0%
Net Margin
NGVT
NGVT
PRAA
PRAA
Q4 25
-45.6%
17.0%
Q3 25
13.1%
-131.0%
Q2 25
-40.1%
14.7%
Q1 25
7.2%
1.4%
Q4 24
12.2%
6.3%
Q3 24
-32.1%
9.6%
Q2 24
-72.6%
7.6%
Q1 24
-16.5%
1.4%
EPS (diluted)
NGVT
NGVT
PRAA
PRAA
Q4 25
$-2.33
$1.47
Q3 25
$1.18
$-10.43
Q2 25
$-4.02
$1.08
Q1 25
$0.56
$0.09
Q4 24
$0.44
$0.47
Q3 24
$-2.94
$0.69
Q2 24
$-7.81
$0.54
Q1 24
$-1.54
$0.09

Balance Sheet & Financial Strength

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

Metric
NGVT
NGVT
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$78.1M
$104.4M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$29.7M
$979.9M
Total Assets
$1.7B
$5.1B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVT
NGVT
PRAA
PRAA
Q4 25
$78.1M
$104.4M
Q3 25
$83.4M
$107.5M
Q2 25
$76.9M
$131.6M
Q1 25
$71.5M
$128.7M
Q4 24
$68.0M
$105.9M
Q3 24
$135.5M
$141.1M
Q2 24
$107.4M
$118.9M
Q1 24
$88.5M
$108.1M
Total Debt
NGVT
NGVT
PRAA
PRAA
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
NGVT
NGVT
PRAA
PRAA
Q4 25
$29.7M
$979.9M
Q3 25
$138.1M
$928.5M
Q2 25
$120.7M
$1.3B
Q1 25
$234.6M
$1.2B
Q4 24
$195.2M
$1.1B
Q3 24
$214.5M
$1.2B
Q2 24
$284.8M
$1.1B
Q1 24
$568.2M
$1.1B
Total Assets
NGVT
NGVT
PRAA
PRAA
Q4 25
$1.7B
$5.1B
Q3 25
$1.8B
$5.0B
Q2 25
$1.9B
$5.4B
Q1 25
$2.1B
$5.1B
Q4 24
$2.0B
$4.9B
Q3 24
$2.2B
$4.9B
Q2 24
$2.3B
$4.7B
Q1 24
$2.6B
$4.5B
Debt / Equity
NGVT
NGVT
PRAA
PRAA
Q4 25
39.10×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
6.86×
Q3 24
6.52×
Q2 24
4.92×
Q1 24
2.48×

Cash Flow & Capital Efficiency

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

Metric
NGVT
NGVT
PRAA
PRAA
Operating Cash FlowLast quarter
$97.1M
$-85.5M
Free Cash FlowOCF − Capex
$73.5M
$-90.4M
FCF MarginFCF / Revenue
39.6%
-27.1%
Capex IntensityCapex / Revenue
12.7%
1.4%
Cash ConversionOCF / Net Profit
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$273.5M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVT
NGVT
PRAA
PRAA
Q4 25
$97.1M
$-85.5M
Q3 25
$129.7M
$-10.1M
Q2 25
$79.0M
$-12.9M
Q1 25
$25.4M
$-52.6M
Q4 24
$64.5M
$-94.6M
Q3 24
$46.5M
$-35.0M
Q2 24
$29.7M
$-29.5M
Q1 24
$-12.1M
$-73.0M
Free Cash Flow
NGVT
NGVT
PRAA
PRAA
Q4 25
$73.5M
$-90.4M
Q3 25
$117.8M
$-11.3M
Q2 25
$66.8M
$-14.2M
Q1 25
$15.4M
$-53.5M
Q4 24
$39.6M
$-98.6M
Q3 24
$28.5M
$-36.1M
Q2 24
$11.6M
$-30.8M
Q1 24
$-28.7M
$-73.5M
FCF Margin
NGVT
NGVT
PRAA
PRAA
Q4 25
39.6%
-27.1%
Q3 25
35.4%
-3.6%
Q2 25
18.3%
-4.9%
Q1 25
5.4%
-19.8%
Q4 24
29.2%
-33.6%
Q3 24
8.5%
-12.8%
Q2 24
3.0%
-10.8%
Q1 24
-8.4%
-28.8%
Capex Intensity
NGVT
NGVT
PRAA
PRAA
Q4 25
12.7%
1.4%
Q3 25
3.6%
0.4%
Q2 25
3.3%
0.4%
Q1 25
3.5%
0.3%
Q4 24
18.4%
1.4%
Q3 24
5.4%
0.4%
Q2 24
4.6%
0.5%
Q1 24
4.9%
0.2%
Cash Conversion
NGVT
NGVT
PRAA
PRAA
Q4 25
-1.51×
Q3 25
2.98×
Q2 25
-0.30×
Q1 25
1.24×
-14.37×
Q4 24
3.89×
-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

NGVT
NGVT

Performance Materials$151.2M82%
Advanced Polymer Technologies Segment$36.5M20%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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