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Side-by-side financial comparison of PHIBRO ANIMAL HEALTH CORP (PAHC) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.

PHIBRO ANIMAL HEALTH CORP is the larger business by last-quarter revenue ($373.9M vs $333.4M, roughly 1.1× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs 7.3%, a 9.6% gap on every dollar of revenue. On growth, PHIBRO ANIMAL HEALTH CORP posted the faster year-over-year revenue change (20.9% vs 13.7%). PHIBRO ANIMAL HEALTH CORP produced more free cash flow last quarter ($8.3M vs $-90.4M). Over the past eight quarters, PHIBRO ANIMAL HEALTH CORP's revenue compounded faster (19.2% CAGR vs 14.2%).

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

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.

PAHC vs PRAA — Head-to-Head

Bigger by revenue
PAHC
PAHC
1.1× larger
PAHC
$373.9M
$333.4M
PRAA
Growing faster (revenue YoY)
PAHC
PAHC
+7.2% gap
PAHC
20.9%
13.7%
PRAA
Higher net margin
PRAA
PRAA
9.6% more per $
PRAA
17.0%
7.3%
PAHC
More free cash flow
PAHC
PAHC
$98.6M more FCF
PAHC
$8.3M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PAHC
PAHC
Annualised
PAHC
19.2%
14.2%
PRAA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PAHC
PAHC
PRAA
PRAA
Revenue
$373.9M
$333.4M
Net Profit
$27.5M
$56.5M
Gross Margin
35.5%
Operating Margin
13.5%
37.7%
Net Margin
7.3%
17.0%
Revenue YoY
20.9%
13.7%
Net Profit YoY
762.1%
206.3%
EPS (diluted)
$0.67
$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
PAHC
PAHC
PRAA
PRAA
Q4 25
$373.9M
$333.4M
Q3 25
$363.9M
$311.1M
Q2 25
$378.7M
$287.7M
Q1 25
$347.8M
$269.6M
Q4 24
$309.3M
$293.2M
Q3 24
$260.4M
$281.5M
Q2 24
$273.2M
$284.2M
Q1 24
$263.2M
$255.6M
Net Profit
PAHC
PAHC
PRAA
PRAA
Q4 25
$27.5M
$56.5M
Q3 25
$26.5M
$-407.7M
Q2 25
$17.2M
$42.4M
Q1 25
$20.9M
$3.7M
Q4 24
$3.2M
$18.5M
Q3 24
$7.0M
$27.2M
Q2 24
$752.0K
$21.5M
Q1 24
$8.4M
$3.5M
Gross Margin
PAHC
PAHC
PRAA
PRAA
Q4 25
35.5%
Q3 25
32.9%
Q2 25
29.0%
Q1 25
30.1%
Q4 24
32.9%
Q3 24
32.1%
Q2 24
31.9%
Q1 24
30.2%
Operating Margin
PAHC
PAHC
PRAA
PRAA
Q4 25
13.5%
37.7%
Q3 25
14.1%
-101.4%
Q2 25
8.9%
29.6%
Q1 25
9.6%
27.7%
Q4 24
8.3%
32.1%
Q3 24
6.8%
32.0%
Q2 24
6.7%
31.4%
Q1 24
7.6%
26.0%
Net Margin
PAHC
PAHC
PRAA
PRAA
Q4 25
7.3%
17.0%
Q3 25
7.3%
-131.0%
Q2 25
4.5%
14.7%
Q1 25
6.0%
1.4%
Q4 24
1.0%
6.3%
Q3 24
2.7%
9.6%
Q2 24
0.3%
7.6%
Q1 24
3.2%
1.4%
EPS (diluted)
PAHC
PAHC
PRAA
PRAA
Q4 25
$0.67
$1.47
Q3 25
$0.65
$-10.43
Q2 25
$0.43
$1.08
Q1 25
$0.51
$0.09
Q4 24
$0.08
$0.47
Q3 24
$0.17
$0.69
Q2 24
$0.02
$0.54
Q1 24
$0.21
$0.09

Balance Sheet & Financial Strength

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

Metric
PAHC
PAHC
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$74.5M
$104.4M
Total DebtLower is stronger
$624.2M
Stockholders' EquityBook value
$332.4M
$979.9M
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAHC
PAHC
PRAA
PRAA
Q4 25
$74.5M
$104.4M
Q3 25
$85.3M
$107.5M
Q2 25
$77.0M
$131.6M
Q1 25
$70.4M
$128.7M
Q4 24
$67.1M
$105.9M
Q3 24
$89.8M
$141.1M
Q2 24
$114.6M
$118.9M
Q1 24
$98.7M
$108.1M
Total Debt
PAHC
PAHC
PRAA
PRAA
Q4 25
$624.2M
Q3 25
$628.0M
Q2 25
$631.7M
Q1 25
$635.4M
Q4 24
$639.1M
Q3 24
$295.2M
Q2 24
$312.1M
Q1 24
Stockholders' Equity
PAHC
PAHC
PRAA
PRAA
Q4 25
$332.4M
$979.9M
Q3 25
$311.7M
$928.5M
Q2 25
$285.7M
$1.3B
Q1 25
$266.0M
$1.2B
Q4 24
$246.8M
$1.1B
Q3 24
$258.5M
$1.2B
Q2 24
$256.6M
$1.1B
Q1 24
$270.1M
$1.1B
Total Assets
PAHC
PAHC
PRAA
PRAA
Q4 25
$1.4B
$5.1B
Q3 25
$1.4B
$5.0B
Q2 25
$1.4B
$5.4B
Q1 25
$1.3B
$5.1B
Q4 24
$1.3B
$4.9B
Q3 24
$966.3M
$4.9B
Q2 24
$982.2M
$4.7B
Q1 24
$979.0M
$4.5B
Debt / Equity
PAHC
PAHC
PRAA
PRAA
Q4 25
1.88×
Q3 25
2.01×
Q2 25
2.21×
Q1 25
2.39×
Q4 24
2.59×
Q3 24
1.14×
Q2 24
1.22×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PAHC
PAHC
PRAA
PRAA
Operating Cash FlowLast quarter
$19.4M
$-85.5M
Free Cash FlowOCF − Capex
$8.3M
$-90.4M
FCF MarginFCF / Revenue
2.2%
-27.1%
Capex IntensityCapex / Revenue
3.0%
1.4%
Cash ConversionOCF / Net Profit
0.70×
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$47.3M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAHC
PAHC
PRAA
PRAA
Q4 25
$19.4M
$-85.5M
Q3 25
$9.3M
$-10.1M
Q2 25
$21.3M
$-12.9M
Q1 25
$43.2M
$-52.6M
Q4 24
$3.1M
$-94.6M
Q3 24
$12.6M
$-35.0M
Q2 24
$28.4M
$-29.5M
Q1 24
$11.4M
$-73.0M
Free Cash Flow
PAHC
PAHC
PRAA
PRAA
Q4 25
$8.3M
$-90.4M
Q3 25
$-4.5M
$-11.3M
Q2 25
$8.1M
$-14.2M
Q1 25
$35.4M
$-53.5M
Q4 24
$-4.7M
$-98.6M
Q3 24
$3.0M
$-36.1M
Q2 24
$15.4M
$-30.8M
Q1 24
$1.7M
$-73.5M
FCF Margin
PAHC
PAHC
PRAA
PRAA
Q4 25
2.2%
-27.1%
Q3 25
-1.2%
-3.6%
Q2 25
2.1%
-4.9%
Q1 25
10.2%
-19.8%
Q4 24
-1.5%
-33.6%
Q3 24
1.2%
-12.8%
Q2 24
5.6%
-10.8%
Q1 24
0.6%
-28.8%
Capex Intensity
PAHC
PAHC
PRAA
PRAA
Q4 25
3.0%
1.4%
Q3 25
3.8%
0.4%
Q2 25
3.5%
0.4%
Q1 25
2.2%
0.3%
Q4 24
2.5%
1.4%
Q3 24
3.7%
0.4%
Q2 24
4.8%
0.5%
Q1 24
3.7%
0.2%
Cash Conversion
PAHC
PAHC
PRAA
PRAA
Q4 25
0.70×
-1.51×
Q3 25
0.35×
Q2 25
1.24×
-0.30×
Q1 25
2.07×
-14.37×
Q4 24
0.97×
-5.13×
Q3 24
1.81×
-1.29×
Q2 24
37.80×
-1.37×
Q1 24
1.36×
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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