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

PROASSURANCE CORP is the larger business by last-quarter revenue ($269.6M vs $207.0M, roughly 1.3× ONE Group Hospitality, Inc.). PROASSURANCE CORP runs the higher net margin — 12.4% vs -3.1%, a 15.5% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -7.1%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -2.7%).

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

PRA vs STKS — Head-to-Head

Bigger by revenue
PRA
PRA
1.3× larger
PRA
$269.6M
$207.0M
STKS
Growing faster (revenue YoY)
STKS
STKS
+0.4% gap
STKS
-6.7%
-7.1%
PRA
Higher net margin
PRA
PRA
15.5% more per $
PRA
12.4%
-3.1%
STKS
Faster 2-yr revenue CAGR
STKS
STKS
Annualised
STKS
56.1%
-2.7%
PRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRA
PRA
STKS
STKS
Revenue
$269.6M
$207.0M
Net Profit
$33.4M
$-6.4M
Gross Margin
Operating Margin
17.3%
2.2%
Net Margin
12.4%
-3.1%
Revenue YoY
-7.1%
-6.7%
Net Profit YoY
106.4%
-531.8%
EPS (diluted)
$0.65
$-0.50

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
STKS
STKS
Q4 25
$269.6M
$207.0M
Q3 25
$279.6M
$180.2M
Q2 25
$276.8M
$207.4M
Q1 25
$272.1M
$211.1M
Q4 24
$290.1M
$221.9M
Q3 24
$285.3M
$194.0M
Q2 24
$290.4M
$172.5M
Q1 24
$284.7M
$85.0M
Net Profit
PRA
PRA
STKS
STKS
Q4 25
$33.4M
$-6.4M
Q3 25
$1.4M
$-76.7M
Q2 25
$21.9M
$-10.1M
Q1 25
$-5.8M
$975.0K
Q4 24
$16.2M
$1.5M
Q3 24
$16.4M
$-9.3M
Q2 24
$15.5M
$-7.3M
Q1 24
$4.6M
$-2.1M
Operating Margin
PRA
PRA
STKS
STKS
Q4 25
17.3%
2.2%
Q3 25
1.6%
-4.4%
Q2 25
9.9%
0.3%
Q1 25
-2.3%
5.1%
Q4 24
6.5%
5.5%
Q3 24
7.4%
-1.9%
Q2 24
6.2%
0.6%
Q1 24
1.9%
-0.7%
Net Margin
PRA
PRA
STKS
STKS
Q4 25
12.4%
-3.1%
Q3 25
0.5%
-42.6%
Q2 25
7.9%
-4.9%
Q1 25
-2.1%
0.5%
Q4 24
5.6%
0.7%
Q3 24
5.8%
-4.8%
Q2 24
5.3%
-4.3%
Q1 24
1.6%
-2.4%
EPS (diluted)
PRA
PRA
STKS
STKS
Q4 25
$0.65
$-0.50
Q3 25
$0.03
$-2.75
Q2 25
$0.42
$-0.59
Q1 25
$-0.11
$-0.21
Q4 24
$0.32
$-0.18
Q3 24
$0.32
$-0.53
Q2 24
$0.30
$-0.38
Q1 24
$0.09
$-0.07

Balance Sheet & Financial Strength

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

Metric
PRA
PRA
STKS
STKS
Cash + ST InvestmentsLiquidity on hand
$36.5M
$4.2M
Total DebtLower is stronger
$420.4M
$354.2M
Stockholders' EquityBook value
$1.3B
$-75.8M
Total Assets
$5.4B
$884.2M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRA
PRA
STKS
STKS
Q4 25
$36.5M
$4.2M
Q3 25
$54.5M
$5.5M
Q2 25
$41.6M
$4.7M
Q1 25
$43.5M
$21.4M
Q4 24
$54.9M
$27.6M
Q3 24
$45.3M
$28.2M
Q2 24
$36.9M
$32.2M
Q1 24
$65.4M
$15.4M
Total Debt
PRA
PRA
STKS
STKS
Q4 25
$420.4M
$354.2M
Q3 25
$421.5M
$355.0M
Q2 25
$422.6M
$347.4M
Q1 25
$423.7M
$348.3M
Q4 24
$424.9M
$348.3M
Q3 24
$425.9M
$349.1M
Q2 24
$426.9M
$350.0M
Q1 24
$427.8M
$73.5M
Stockholders' Equity
PRA
PRA
STKS
STKS
Q4 25
$1.3B
$-75.8M
Q3 25
$1.3B
$-61.5M
Q2 25
$1.3B
$23.0M
Q1 25
$1.2B
$40.5M
Q4 24
$1.2B
$45.9M
Q3 24
$1.2B
$51.4M
Q2 24
$1.1B
$68.1M
Q1 24
$1.1B
$68.3M
Total Assets
PRA
PRA
STKS
STKS
Q4 25
$5.4B
$884.2M
Q3 25
$5.6B
$879.5M
Q2 25
$5.5B
$935.7M
Q1 25
$5.5B
$956.0M
Q4 24
$5.6B
$960.1M
Q3 24
$5.7B
$953.5M
Q2 24
$5.6B
$945.9M
Q1 24
$5.7B
$309.3M
Debt / Equity
PRA
PRA
STKS
STKS
Q4 25
0.31×
Q3 25
0.32×
Q2 25
0.33×
15.07×
Q1 25
0.34×
8.61×
Q4 24
0.35×
7.59×
Q3 24
0.35×
6.79×
Q2 24
0.38×
5.14×
Q1 24
0.38×
1.08×

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
STKS
STKS
Operating Cash FlowLast quarter
$-25.6M
$13.1M
Free Cash FlowOCF − Capex
$-329.0K
FCF MarginFCF / Revenue
-0.2%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$-27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRA
PRA
STKS
STKS
Q4 25
$-25.6M
$13.1M
Q3 25
$27.2M
$5.9M
Q2 25
$-28.1M
$2.8M
Q1 25
$-11.6M
$8.5M
Q4 24
$-10.7M
$18.5M
Q3 24
$14.0M
$19.1M
Q2 24
$-12.8M
$-3.8M
Q1 24
$-11.6M
$10.4M
Free Cash Flow
PRA
PRA
STKS
STKS
Q4 25
$-329.0K
Q3 25
$-6.1M
Q2 25
$-15.0M
Q1 25
$-5.8M
Q4 24
$733.0K
Q3 24
$287.0K
Q2 24
$-23.0M
Q1 24
$-5.4M
FCF Margin
PRA
PRA
STKS
STKS
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
-7.2%
Q1 25
-2.7%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
-13.3%
Q1 24
-6.4%
Capex Intensity
PRA
PRA
STKS
STKS
Q4 25
6.5%
Q3 25
6.7%
Q2 25
8.6%
Q1 25
6.8%
Q4 24
8.0%
Q3 24
9.7%
Q2 24
11.1%
Q1 24
18.6%
Cash Conversion
PRA
PRA
STKS
STKS
Q4 25
-0.77×
Q3 25
18.81×
Q2 25
-1.28×
Q1 25
8.76×
Q4 24
-0.66×
12.54×
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%

STKS
STKS

Benihanas$111.3M54%
Steakhouse Restaurant$59.2M29%
Grill Concepts$32.3M16%
Other$4.2M2%

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