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Side-by-side financial comparison of PROASSURANCE CORP (PRA) and Rubrik, Inc. (RBRK). Click either name above to swap in a different company.

Rubrik, Inc. is the larger business by last-quarter revenue ($350.2M vs $269.6M, roughly 1.3× PROASSURANCE CORP). PROASSURANCE CORP runs the higher net margin — 12.4% vs -18.2%, a 30.6% gap on every dollar of revenue. On growth, Rubrik, Inc. posted the faster year-over-year revenue change (48.3% vs -7.1%).

ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.

Rubrik, Inc. is an American cloud data management and data security company based in Palo Alto, California, founded in January 2014. The company is listed on the New York Stock Exchange after going public in April 2024.

PRA vs RBRK — Head-to-Head

Bigger by revenue
RBRK
RBRK
1.3× larger
RBRK
$350.2M
$269.6M
PRA
Growing faster (revenue YoY)
RBRK
RBRK
+55.3% gap
RBRK
48.3%
-7.1%
PRA
Higher net margin
PRA
PRA
30.6% more per $
PRA
12.4%
-18.2%
RBRK

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
PRA
PRA
RBRK
RBRK
Revenue
$269.6M
$350.2M
Net Profit
$33.4M
$-63.8M
Gross Margin
80.5%
Operating Margin
17.3%
-21.6%
Net Margin
12.4%
-18.2%
Revenue YoY
-7.1%
48.3%
Net Profit YoY
106.4%
51.2%
EPS (diluted)
$0.65
$-0.32

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
PRA
PRA
RBRK
RBRK
Q4 25
$269.6M
$350.2M
Q3 25
$279.6M
$309.9M
Q2 25
$276.8M
$278.5M
Q1 25
$272.1M
$258.1M
Q4 24
$290.1M
$236.2M
Q3 24
$285.3M
$205.0M
Q2 24
$290.4M
$187.3M
Q1 24
$284.7M
Net Profit
PRA
PRA
RBRK
RBRK
Q4 25
$33.4M
$-63.8M
Q3 25
$1.4M
$-95.9M
Q2 25
$21.9M
$-102.1M
Q1 25
$-5.8M
$-114.9M
Q4 24
$16.2M
$-130.9M
Q3 24
$16.4M
$-176.9M
Q2 24
$15.5M
$-732.1M
Q1 24
$4.6M
Gross Margin
PRA
PRA
RBRK
RBRK
Q4 25
80.5%
Q3 25
79.5%
Q2 25
78.3%
Q1 25
77.4%
Q4 24
76.2%
Q3 24
73.1%
Q2 24
48.8%
Q1 24
Operating Margin
PRA
PRA
RBRK
RBRK
Q4 25
17.3%
-21.6%
Q3 25
1.6%
-30.5%
Q2 25
9.9%
-33.4%
Q1 25
-2.3%
-45.0%
Q4 24
6.5%
-52.8%
Q3 24
7.4%
-82.1%
Q2 24
6.2%
-387.0%
Q1 24
1.9%
Net Margin
PRA
PRA
RBRK
RBRK
Q4 25
12.4%
-18.2%
Q3 25
0.5%
-31.0%
Q2 25
7.9%
-36.7%
Q1 25
-2.1%
-44.5%
Q4 24
5.6%
-55.4%
Q3 24
5.8%
-86.3%
Q2 24
5.3%
-390.8%
Q1 24
1.6%
EPS (diluted)
PRA
PRA
RBRK
RBRK
Q4 25
$0.65
$-0.32
Q3 25
$0.03
$-0.49
Q2 25
$0.42
$-0.53
Q1 25
$-0.11
$5.69
Q4 24
$0.32
$-0.71
Q3 24
$0.32
$-0.98
Q2 24
$0.30
$-11.48
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
PRA
PRA
RBRK
RBRK
Cash + ST InvestmentsLiquidity on hand
$36.5M
$307.1M
Total DebtLower is stronger
$420.4M
Stockholders' EquityBook value
$1.3B
$-524.4M
Total Assets
$5.4B
$2.5B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRA
PRA
RBRK
RBRK
Q4 25
$36.5M
$307.1M
Q3 25
$54.5M
$322.7M
Q2 25
$41.6M
$284.0M
Q1 25
$43.5M
$186.3M
Q4 24
$54.9M
$103.9M
Q3 24
$45.3M
$142.3M
Q2 24
$36.9M
$502.6M
Q1 24
$65.4M
Total Debt
PRA
PRA
RBRK
RBRK
Q4 25
$420.4M
Q3 25
$421.5M
Q2 25
$422.6M
Q1 25
$423.7M
Q4 24
$424.9M
Q3 24
$425.9M
Q2 24
$426.9M
Q1 24
$427.8M
Stockholders' Equity
PRA
PRA
RBRK
RBRK
Q4 25
$1.3B
$-524.4M
Q3 25
$1.3B
$-564.3M
Q2 25
$1.3B
$-556.5M
Q1 25
$1.2B
$-553.7M
Q4 24
$1.2B
$-521.1M
Q3 24
$1.2B
$-499.3M
Q2 24
$1.1B
$-514.6M
Q1 24
$1.1B
Total Assets
PRA
PRA
RBRK
RBRK
Q4 25
$5.4B
$2.5B
Q3 25
$5.6B
$2.4B
Q2 25
$5.5B
$1.5B
Q1 25
$5.5B
$1.4B
Q4 24
$5.6B
$1.3B
Q3 24
$5.7B
$1.2B
Q2 24
$5.6B
$1.2B
Q1 24
$5.7B
Debt / Equity
PRA
PRA
RBRK
RBRK
Q4 25
0.31×
Q3 25
0.32×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.35×
Q3 24
0.35×
Q2 24
0.38×
Q1 24
0.38×

Cash Flow & Capital Efficiency

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

Metric
PRA
PRA
RBRK
RBRK
Operating Cash FlowLast quarter
$-25.6M
$85.5M
Free Cash FlowOCF − Capex
$80.7M
FCF MarginFCF / Revenue
23.1%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$256.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRA
PRA
RBRK
RBRK
Q4 25
$-25.6M
$85.5M
Q3 25
$27.2M
$64.7M
Q2 25
$-28.1M
$39.7M
Q1 25
$-11.6M
$83.6M
Q4 24
$-10.7M
$23.1M
Q3 24
$14.0M
$-27.1M
Q2 24
$-12.8M
$-31.4M
Q1 24
$-11.6M
Free Cash Flow
PRA
PRA
RBRK
RBRK
Q4 25
$80.7M
Q3 25
$61.2M
Q2 25
$36.8M
Q1 25
$78.0M
Q4 24
$18.0M
Q3 24
$-29.7M
Q2 24
$-35.0M
Q1 24
FCF Margin
PRA
PRA
RBRK
RBRK
Q4 25
23.1%
Q3 25
19.8%
Q2 25
13.2%
Q1 25
30.2%
Q4 24
7.6%
Q3 24
-14.5%
Q2 24
-18.7%
Q1 24
Capex Intensity
PRA
PRA
RBRK
RBRK
Q4 25
1.4%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
2.2%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
1.9%
Q1 24
Cash Conversion
PRA
PRA
RBRK
RBRK
Q4 25
-0.77×
Q3 25
18.81×
Q2 25
-1.28×
Q1 25
Q4 24
-0.66×
Q3 24
0.85×
Q2 24
-0.83×
Q1 24
-2.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRA
PRA

Workers Compensation Insurance Segment$164.4M61%
Other$59.6M22%
Segregated Portfolio Cell Reinsurance$45.7M17%

RBRK
RBRK

Subscription And Circulation$336.4M96%
Other$12.3M4%
Software And Services$4.9M1%
Maintenance$1.5M0%

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