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Side-by-side financial comparison of PROASSURANCE CORP (PRA) and USA Compression Partners, LP (USAC). Click either name above to swap in a different company.

PROASSURANCE CORP is the larger business by last-quarter revenue ($269.6M vs $252.5M, roughly 1.1× USA Compression Partners, LP). PROASSURANCE CORP runs the higher net margin — 12.4% vs 11.0%, a 1.4% gap on every dollar of revenue. On growth, USA Compression Partners, LP posted the faster year-over-year revenue change (2.7% vs -7.1%). Over the past eight quarters, USA Compression Partners, LP's revenue compounded faster (4.9% 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.

USA Compression Partners, LP is a US-based provider of natural gas compression services and related infrastructure solutions. It serves clients across the upstream, midstream, and downstream segments of the oil and gas industry, offering custom compression systems, maintenance, and operational support to facilitate efficient natural gas production, processing, and transportation.

PRA vs USAC — Head-to-Head

Bigger by revenue
PRA
PRA
1.1× larger
PRA
$269.6M
$252.5M
USAC
Growing faster (revenue YoY)
USAC
USAC
+9.7% gap
USAC
2.7%
-7.1%
PRA
Higher net margin
PRA
PRA
1.4% more per $
PRA
12.4%
11.0%
USAC
Faster 2-yr revenue CAGR
USAC
USAC
Annualised
USAC
4.9%
-2.7%
PRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRA
PRA
USAC
USAC
Revenue
$269.6M
$252.5M
Net Profit
$33.4M
$27.8M
Gross Margin
Operating Margin
17.3%
30.3%
Net Margin
12.4%
11.0%
Revenue YoY
-7.1%
2.7%
Net Profit YoY
106.4%
9.1%
EPS (diluted)
$0.65

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
USAC
USAC
Q4 25
$269.6M
$252.5M
Q3 25
$279.6M
$250.3M
Q2 25
$276.8M
$250.1M
Q1 25
$272.1M
$245.2M
Q4 24
$290.1M
$245.9M
Q3 24
$285.3M
$240.0M
Q2 24
$290.4M
$235.3M
Q1 24
$284.7M
$229.3M
Net Profit
PRA
PRA
USAC
USAC
Q4 25
$33.4M
$27.8M
Q3 25
$1.4M
$34.5M
Q2 25
$21.9M
$28.6M
Q1 25
$-5.8M
$20.5M
Q4 24
$16.2M
$25.4M
Q3 24
$16.4M
$19.3M
Q2 24
$15.5M
$31.2M
Q1 24
$4.6M
$23.6M
Operating Margin
PRA
PRA
USAC
USAC
Q4 25
17.3%
30.3%
Q3 25
1.6%
33.5%
Q2 25
9.9%
30.6%
Q1 25
-2.3%
28.3%
Q4 24
6.5%
30.3%
Q3 24
7.4%
31.5%
Q2 24
6.2%
32.9%
Q1 24
1.9%
29.2%
Net Margin
PRA
PRA
USAC
USAC
Q4 25
12.4%
11.0%
Q3 25
0.5%
13.8%
Q2 25
7.9%
11.4%
Q1 25
-2.1%
8.4%
Q4 24
5.6%
10.3%
Q3 24
5.8%
8.1%
Q2 24
5.3%
13.3%
Q1 24
1.6%
10.3%
EPS (diluted)
PRA
PRA
USAC
USAC
Q4 25
$0.65
Q3 25
$0.03
Q2 25
$0.42
Q1 25
$-0.11
Q4 24
$0.32
Q3 24
$0.32
Q2 24
$0.30
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
USAC
USAC
Cash + ST InvestmentsLiquidity on hand
$36.5M
$8.6M
Total DebtLower is stronger
$420.4M
$2.5B
Stockholders' EquityBook value
$1.3B
Total Assets
$5.4B
$2.6B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRA
PRA
USAC
USAC
Q4 25
$36.5M
$8.6M
Q3 25
$54.5M
Q2 25
$41.6M
$2.0K
Q1 25
$43.5M
$2.0K
Q4 24
$54.9M
$14.0K
Q3 24
$45.3M
$79.0K
Q2 24
$36.9M
$9.0K
Q1 24
$65.4M
$8.0K
Total Debt
PRA
PRA
USAC
USAC
Q4 25
$420.4M
$2.5B
Q3 25
$421.5M
$2.5B
Q2 25
$422.6M
$2.5B
Q1 25
$423.7M
$2.5B
Q4 24
$424.9M
$2.5B
Q3 24
$425.9M
$2.5B
Q2 24
$426.9M
$2.5B
Q1 24
$427.8M
$2.5B
Stockholders' Equity
PRA
PRA
USAC
USAC
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
PRA
PRA
USAC
USAC
Q4 25
$5.4B
$2.6B
Q3 25
$5.6B
$2.7B
Q2 25
$5.5B
$2.7B
Q1 25
$5.5B
$2.7B
Q4 24
$5.6B
$2.7B
Q3 24
$5.7B
$2.8B
Q2 24
$5.6B
$2.8B
Q1 24
$5.7B
$2.8B
Debt / Equity
PRA
PRA
USAC
USAC
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
USAC
USAC
Operating Cash FlowLast quarter
$-25.6M
$139.5M
Free Cash FlowOCF − Capex
$87.7M
FCF MarginFCF / Revenue
34.8%
Capex IntensityCapex / Revenue
20.5%
Cash ConversionOCF / Net Profit
-0.77×
5.02×
TTM Free Cash FlowTrailing 4 quarters
$277.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRA
PRA
USAC
USAC
Q4 25
$-25.6M
$139.5M
Q3 25
$27.2M
$75.9M
Q2 25
$-28.1M
$124.2M
Q1 25
$-11.6M
$54.7M
Q4 24
$-10.7M
$130.2M
Q3 24
$14.0M
$48.5M
Q2 24
$-12.8M
$96.7M
Q1 24
$-11.6M
$65.9M
Free Cash Flow
PRA
PRA
USAC
USAC
Q4 25
$87.7M
Q3 25
$51.9M
Q2 25
$101.1M
Q1 25
$36.3M
Q4 24
$101.2M
Q3 24
$19.8M
Q2 24
$48.2M
Q1 24
$-32.7M
FCF Margin
PRA
PRA
USAC
USAC
Q4 25
34.8%
Q3 25
20.7%
Q2 25
40.4%
Q1 25
14.8%
Q4 24
41.1%
Q3 24
8.2%
Q2 24
20.5%
Q1 24
-14.3%
Capex Intensity
PRA
PRA
USAC
USAC
Q4 25
20.5%
Q3 25
9.6%
Q2 25
9.3%
Q1 25
7.5%
Q4 24
11.8%
Q3 24
12.0%
Q2 24
20.6%
Q1 24
43.0%
Cash Conversion
PRA
PRA
USAC
USAC
Q4 25
-0.77×
5.02×
Q3 25
18.81×
2.20×
Q2 25
-1.28×
4.35×
Q1 25
2.66×
Q4 24
-0.66×
5.12×
Q3 24
0.85×
2.51×
Q2 24
-0.83×
3.10×
Q1 24
-2.52×
2.80×

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%

USAC
USAC

Revenue From Contract Operations Excluding Revenue From Related Party$231.7M92%
Entities Affiliated With Energy Transfer LP$16.6M7%
Transferred At Point In Time$5.4M2%

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