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Side-by-side financial comparison of PROASSURANCE CORP (PRA) and WORTHINGTON ENTERPRISES, INC. (WOR). Click either name above to swap in a different company.

WORTHINGTON ENTERPRISES, INC. is the larger business by last-quarter revenue ($327.5M vs $269.6M, roughly 1.2× PROASSURANCE CORP). PROASSURANCE CORP runs the higher net margin — 12.4% vs 8.3%, a 4.0% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% 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.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

PRA vs WOR — Head-to-Head

Bigger by revenue
WOR
WOR
1.2× larger
WOR
$327.5M
$269.6M
PRA
Growing faster (revenue YoY)
WOR
WOR
+26.5% gap
WOR
19.5%
-7.1%
PRA
Higher net margin
PRA
PRA
4.0% more per $
PRA
12.4%
8.3%
WOR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PRA
PRA
WOR
WOR
Revenue
$269.6M
$327.5M
Net Profit
$33.4M
$27.3M
Gross Margin
25.8%
Operating Margin
17.3%
3.7%
Net Margin
12.4%
8.3%
Revenue YoY
-7.1%
19.5%
Net Profit YoY
106.4%
-3.3%
EPS (diluted)
$0.65
$0.55

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
WOR
WOR
Q4 25
$269.6M
$327.5M
Q3 25
$279.6M
$303.7M
Q2 25
$276.8M
Q1 25
$272.1M
Q4 24
$290.1M
Q3 24
$285.3M
Q2 24
$290.4M
Q1 24
$284.7M
Net Profit
PRA
PRA
WOR
WOR
Q4 25
$33.4M
$27.3M
Q3 25
$1.4M
$35.1M
Q2 25
$21.9M
Q1 25
$-5.8M
Q4 24
$16.2M
Q3 24
$16.4M
Q2 24
$15.5M
Q1 24
$4.6M
Gross Margin
PRA
PRA
WOR
WOR
Q4 25
25.8%
Q3 25
27.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PRA
PRA
WOR
WOR
Q4 25
17.3%
3.7%
Q3 25
1.6%
3.0%
Q2 25
9.9%
Q1 25
-2.3%
Q4 24
6.5%
Q3 24
7.4%
Q2 24
6.2%
Q1 24
1.9%
Net Margin
PRA
PRA
WOR
WOR
Q4 25
12.4%
8.3%
Q3 25
0.5%
11.6%
Q2 25
7.9%
Q1 25
-2.1%
Q4 24
5.6%
Q3 24
5.8%
Q2 24
5.3%
Q1 24
1.6%
EPS (diluted)
PRA
PRA
WOR
WOR
Q4 25
$0.65
$0.55
Q3 25
$0.03
$0.70
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
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$36.5M
$180.3M
Total DebtLower is stronger
$420.4M
Stockholders' EquityBook value
$1.3B
$962.6M
Total Assets
$5.4B
$1.8B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRA
PRA
WOR
WOR
Q4 25
$36.5M
$180.3M
Q3 25
$54.5M
$167.1M
Q2 25
$41.6M
Q1 25
$43.5M
Q4 24
$54.9M
Q3 24
$45.3M
Q2 24
$36.9M
Q1 24
$65.4M
Total Debt
PRA
PRA
WOR
WOR
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
WOR
WOR
Q4 25
$1.3B
$962.6M
Q3 25
$1.3B
$959.1M
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
WOR
WOR
Q4 25
$5.4B
$1.8B
Q3 25
$5.6B
$1.7B
Q2 25
$5.5B
Q1 25
$5.5B
Q4 24
$5.6B
Q3 24
$5.7B
Q2 24
$5.6B
Q1 24
$5.7B
Debt / Equity
PRA
PRA
WOR
WOR
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
WOR
WOR
Operating Cash FlowLast quarter
$-25.6M
$51.5M
Free Cash FlowOCF − Capex
$39.1M
FCF MarginFCF / Revenue
11.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
-0.77×
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRA
PRA
WOR
WOR
Q4 25
$-25.6M
$51.5M
Q3 25
$27.2M
$41.1M
Q2 25
$-28.1M
Q1 25
$-11.6M
Q4 24
$-10.7M
Q3 24
$14.0M
Q2 24
$-12.8M
Q1 24
$-11.6M
Free Cash Flow
PRA
PRA
WOR
WOR
Q4 25
$39.1M
Q3 25
$27.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PRA
PRA
WOR
WOR
Q4 25
11.9%
Q3 25
9.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PRA
PRA
WOR
WOR
Q4 25
3.8%
Q3 25
4.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PRA
PRA
WOR
WOR
Q4 25
-0.77×
1.89×
Q3 25
18.81×
1.17×
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%

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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