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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $1.9B, roughly 1.7× Primoris Services Corp). KE Holdings Inc. runs the higher net margin — 3.2% vs 2.8%, a 0.5% gap on every dollar of revenue. Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 9.8%).
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
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.
BEKE vs PRIM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.9B |
| Net Profit | $104.9M | $51.7M |
| Gross Margin | 21.4% | 9.4% |
| Operating Margin | 2.6% | 4.2% |
| Net Margin | 3.2% | 2.8% |
| Revenue YoY | — | 6.7% |
| Net Profit YoY | — | -4.2% |
| EPS (diluted) | — | $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.
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $3.2B | $1.6B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | $104.9M | $51.7M | ||
| Q3 25 | $182.4M | $94.6M | ||
| Q2 25 | — | $84.3M | ||
| Q1 25 | $117.9M | $44.2M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $166.5M | $58.4M | ||
| Q2 24 | $261.5M | $49.5M | ||
| Q1 24 | $59.8M | $18.9M |
| Q4 25 | 21.4% | 9.4% | ||
| Q3 25 | 21.9% | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | 20.7% | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 22.7% | 12.0% | ||
| Q2 24 | 27.9% | 11.9% | ||
| Q1 24 | 25.2% | 9.4% |
| Q4 25 | 2.6% | 4.2% | ||
| Q3 25 | 4.1% | 6.3% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | 2.5% | 4.3% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 3.2% | 6.0% | ||
| Q2 24 | 8.6% | 5.5% | ||
| Q1 24 | 0.1% | 3.1% |
| Q4 25 | 3.2% | 2.8% | ||
| Q3 25 | 5.0% | 4.3% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | 3.7% | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 5.2% | 3.5% | ||
| Q2 24 | 8.1% | 3.2% | ||
| Q1 24 | 2.6% | 1.3% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.73 | ||
| Q2 25 | — | $1.54 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | — | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | — | $1.7B |
| Total Assets | $16.8B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $535.5M | ||
| Q3 25 | $1.6B | $431.4M | ||
| Q2 25 | — | $390.3M | ||
| Q1 25 | $1.8B | $351.6M | ||
| Q4 24 | — | $455.8M | ||
| Q3 24 | $1.4B | $352.7M | ||
| Q2 24 | $1.3B | $207.4M | ||
| Q1 24 | $2.5B | $177.6M |
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $9.6B | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $9.5B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $10.1B | $1.4B | ||
| Q2 24 | $9.7B | $1.3B | ||
| Q1 24 | $9.6B | $1.2B |
| Q4 25 | $16.8B | $4.4B | ||
| Q3 25 | $17.3B | $4.6B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | $18.0B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $17.5B | $4.2B | ||
| Q2 24 | $16.9B | $4.0B | ||
| Q1 24 | $16.5B | $4.0B |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $142.9M |
| Free Cash FlowOCF − Capex | — | $121.1M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $142.9M | ||
| Q3 25 | — | $182.9M | ||
| Q2 25 | — | $78.5M | ||
| Q1 25 | $-546.4M | $66.2M | ||
| Q4 24 | — | $298.3M | ||
| Q3 24 | $64.0M | $222.5M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | — | $-28.5M |
| Q4 25 | — | $121.1M | ||
| Q3 25 | — | $148.4M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | — | $158.8M | ||
| Q2 24 | — | $-8.1M | ||
| Q1 24 | — | $-38.9M |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 2.76× | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | -4.64× | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 0.38× | 3.81× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
