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Side-by-side financial comparison of ATI INC (ATI) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.

Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× ATI INC). ATI INC runs the higher net margin — 8.2% vs 2.8%, a 5.4% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 0.4%). ATI INC produced more free cash flow last quarter ($223.1M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 6.2%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

ATI vs PRIM — Head-to-Head

Bigger by revenue
PRIM
PRIM
1.6× larger
PRIM
$1.9B
$1.2B
ATI
Growing faster (revenue YoY)
PRIM
PRIM
+6.3% gap
PRIM
6.7%
0.4%
ATI
Higher net margin
ATI
ATI
5.4% more per $
ATI
8.2%
2.8%
PRIM
More free cash flow
ATI
ATI
$102.0M more FCF
ATI
$223.1M
$121.1M
PRIM
Faster 2-yr revenue CAGR
PRIM
PRIM
Annualised
PRIM
14.7%
6.2%
ATI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATI
ATI
PRIM
PRIM
Revenue
$1.2B
$1.9B
Net Profit
$96.6M
$51.7M
Gross Margin
23.2%
9.4%
Operating Margin
14.5%
4.2%
Net Margin
8.2%
2.8%
Revenue YoY
0.4%
6.7%
Net Profit YoY
-29.5%
-4.2%
EPS (diluted)
$0.70
$0.94

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
ATI
ATI
PRIM
PRIM
Q4 25
$1.2B
$1.9B
Q3 25
$1.1B
$2.2B
Q2 25
$1.1B
$1.9B
Q1 25
$1.1B
$1.6B
Q4 24
$1.2B
$1.7B
Q3 24
$1.1B
$1.6B
Q2 24
$1.1B
$1.6B
Q1 24
$1.0B
$1.4B
Net Profit
ATI
ATI
PRIM
PRIM
Q4 25
$96.6M
$51.7M
Q3 25
$110.0M
$94.6M
Q2 25
$100.7M
$84.3M
Q1 25
$97.0M
$44.2M
Q4 24
$137.1M
$54.0M
Q3 24
$82.7M
$58.4M
Q2 24
$81.9M
$49.5M
Q1 24
$66.1M
$18.9M
Gross Margin
ATI
ATI
PRIM
PRIM
Q4 25
23.2%
9.4%
Q3 25
22.7%
10.8%
Q2 25
21.3%
12.3%
Q1 25
20.6%
10.4%
Q4 24
21.2%
10.6%
Q3 24
21.4%
12.0%
Q2 24
20.8%
11.9%
Q1 24
18.9%
9.4%
Operating Margin
ATI
ATI
PRIM
PRIM
Q4 25
14.5%
4.2%
Q3 25
14.4%
6.3%
Q2 25
14.1%
6.7%
Q1 25
12.8%
4.3%
Q4 24
17.8%
5.0%
Q3 24
13.5%
6.0%
Q2 24
13.0%
5.5%
Q1 24
11.0%
3.1%
Net Margin
ATI
ATI
PRIM
PRIM
Q4 25
8.2%
2.8%
Q3 25
9.8%
4.3%
Q2 25
8.8%
4.5%
Q1 25
8.5%
2.7%
Q4 24
11.7%
3.1%
Q3 24
7.9%
3.5%
Q2 24
7.5%
3.2%
Q1 24
6.3%
1.3%
EPS (diluted)
ATI
ATI
PRIM
PRIM
Q4 25
$0.70
$0.94
Q3 25
$0.78
$1.73
Q2 25
$0.70
$1.54
Q1 25
$0.67
$0.81
Q4 24
$0.94
$0.98
Q3 24
$0.57
$1.07
Q2 24
$0.58
$0.91
Q1 24
$0.46
$0.35

Balance Sheet & Financial Strength

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

Metric
ATI
ATI
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$416.7M
$535.5M
Total DebtLower is stronger
$1.7B
$469.9M
Stockholders' EquityBook value
$1.8B
$1.7B
Total Assets
$5.1B
$4.4B
Debt / EquityLower = less leverage
0.95×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATI
ATI
PRIM
PRIM
Q4 25
$416.7M
$535.5M
Q3 25
$372.2M
$431.4M
Q2 25
$319.6M
$390.3M
Q1 25
$475.8M
$351.6M
Q4 24
$721.2M
$455.8M
Q3 24
$406.6M
$352.7M
Q2 24
$425.6M
$207.4M
Q1 24
$394.4M
$177.6M
Total Debt
ATI
ATI
PRIM
PRIM
Q4 25
$1.7B
$469.9M
Q3 25
$1.7B
$486.0M
Q2 25
$1.7B
$603.1M
Q1 25
$1.7B
$612.0M
Q4 24
$1.7B
$734.8M
Q3 24
$1.9B
$903.7M
Q2 24
$1.9B
$933.0M
Q1 24
$2.1B
$951.7M
Stockholders' Equity
ATI
ATI
PRIM
PRIM
Q4 25
$1.8B
$1.7B
Q3 25
$1.7B
$1.6B
Q2 25
$1.7B
$1.5B
Q1 25
$1.9B
$1.4B
Q4 24
$1.9B
$1.4B
Q3 24
$1.8B
$1.4B
Q2 24
$1.4B
$1.3B
Q1 24
$1.3B
$1.2B
Total Assets
ATI
ATI
PRIM
PRIM
Q4 25
$5.1B
$4.4B
Q3 25
$5.0B
$4.6B
Q2 25
$5.0B
$4.5B
Q1 25
$5.2B
$4.2B
Q4 24
$5.2B
$4.2B
Q3 24
$5.1B
$4.2B
Q2 24
$4.9B
$4.0B
Q1 24
$4.8B
$4.0B
Debt / Equity
ATI
ATI
PRIM
PRIM
Q4 25
0.95×
0.28×
Q3 25
1.00×
0.30×
Q2 25
0.98×
0.39×
Q1 25
0.91×
0.42×
Q4 24
0.93×
0.52×
Q3 24
1.04×
0.67×
Q2 24
1.37×
0.72×
Q1 24
1.70×
0.76×

Cash Flow & Capital Efficiency

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

Metric
ATI
ATI
PRIM
PRIM
Operating Cash FlowLast quarter
$315.8M
$142.9M
Free Cash FlowOCF − Capex
$223.1M
$121.1M
FCF MarginFCF / Revenue
19.0%
6.5%
Capex IntensityCapex / Revenue
7.9%
1.2%
Cash ConversionOCF / Net Profit
3.27×
2.76×
TTM Free Cash FlowTrailing 4 quarters
$333.7M
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATI
ATI
PRIM
PRIM
Q4 25
$315.8M
$142.9M
Q3 25
$229.5M
$182.9M
Q2 25
$161.5M
$78.5M
Q1 25
$-92.5M
$66.2M
Q4 24
$380.9M
$298.3M
Q3 24
$24.0M
$222.5M
Q2 24
$101.1M
$16.1M
Q1 24
$-98.8M
$-28.5M
Free Cash Flow
ATI
ATI
PRIM
PRIM
Q4 25
$223.1M
$121.1M
Q3 25
$167.0M
$148.4M
Q2 25
$89.4M
$45.3M
Q1 25
$-145.8M
$25.6M
Q4 24
$333.6M
$270.0M
Q3 24
$-41.8M
$158.8M
Q2 24
$40.9M
$-8.1M
Q1 24
$-164.6M
$-38.9M
FCF Margin
ATI
ATI
PRIM
PRIM
Q4 25
19.0%
6.5%
Q3 25
14.8%
6.8%
Q2 25
7.8%
2.4%
Q1 25
-12.7%
1.6%
Q4 24
28.4%
15.5%
Q3 24
-4.0%
9.6%
Q2 24
3.7%
-0.5%
Q1 24
-15.8%
-2.8%
Capex Intensity
ATI
ATI
PRIM
PRIM
Q4 25
7.9%
1.2%
Q3 25
5.6%
1.6%
Q2 25
6.3%
1.8%
Q1 25
4.7%
2.5%
Q4 24
4.0%
1.6%
Q3 24
6.3%
3.9%
Q2 24
5.5%
1.5%
Q1 24
6.3%
0.7%
Cash Conversion
ATI
ATI
PRIM
PRIM
Q4 25
3.27×
2.76×
Q3 25
2.09×
1.93×
Q2 25
1.60×
0.93×
Q1 25
-0.95×
1.50×
Q4 24
2.78×
5.53×
Q3 24
0.29×
3.81×
Q2 24
1.23×
0.32×
Q1 24
-1.49×
-1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATI
ATI

Other$527.1M45%
Advanced Alloys Solutions$333.5M28%
Airframes Commercial$82.0M7%
Defense$73.7M6%
Electronics Market$53.1M5%
Internal Customers$50.9M4%
Specialty Energy$29.3M2%
Medical Market$12.2M1%
Construction Mining Market$7.2M1%
Other Market$5.6M0%
Conventional Energy$1.9M0%
Automotive Market$600.0K0%

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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