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Side-by-side financial comparison of BOYD GAMING CORP (BYD) 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 $997.4M, roughly 1.9× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 2.8%, a 7.7% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 0.6%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
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.
BYD vs PRIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.9B |
| Net Profit | $104.3M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 16.4% | 4.2% |
| Net Margin | 10.5% | 2.8% |
| Revenue YoY | 0.6% | 6.7% |
| Net Profit YoY | -5.9% | -4.2% |
| EPS (diluted) | $1.37 | $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.
| Q1 26 | $997.4M | — | ||
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $991.6M | $1.6B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $961.2M | $1.6B | ||
| Q2 24 | $967.5M | $1.6B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $51.7M | ||
| Q3 25 | $1.4B | $94.6M | ||
| Q2 25 | $151.5M | $84.3M | ||
| Q1 25 | $111.4M | $44.2M | ||
| Q4 24 | $170.5M | $54.0M | ||
| Q3 24 | $131.1M | $58.4M | ||
| Q2 24 | $139.8M | $49.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 4.2% | ||
| Q3 25 | 13.9% | 6.3% | ||
| Q2 25 | 23.4% | 6.7% | ||
| Q1 25 | 20.2% | 4.3% | ||
| Q4 24 | 25.1% | 5.0% | ||
| Q3 24 | 22.9% | 6.0% | ||
| Q2 24 | 23.5% | 5.5% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 2.8% | ||
| Q3 25 | 143.4% | 4.3% | ||
| Q2 25 | 14.6% | 4.5% | ||
| Q1 25 | 11.2% | 2.7% | ||
| Q4 24 | 16.4% | 3.1% | ||
| Q3 24 | 13.6% | 3.5% | ||
| Q2 24 | 14.5% | 3.2% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.94 | ||
| Q3 25 | $17.81 | $1.73 | ||
| Q2 25 | $1.84 | $1.54 | ||
| Q1 25 | $1.31 | $0.81 | ||
| Q4 24 | $1.89 | $0.98 | ||
| Q3 24 | $1.43 | $1.07 | ||
| Q2 24 | $1.47 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | — | $1.7B |
| Total Assets | — | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $535.5M | ||
| Q3 25 | $319.1M | $431.4M | ||
| Q2 25 | $320.1M | $390.3M | ||
| Q1 25 | $311.5M | $351.6M | ||
| Q4 24 | $316.7M | $455.8M | ||
| Q3 24 | $286.3M | $352.7M | ||
| Q2 24 | $280.8M | $207.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | $3.6B | $603.1M | ||
| Q1 25 | $3.5B | $612.0M | ||
| Q4 24 | $3.2B | $734.8M | ||
| Q3 24 | $3.1B | $903.7M | ||
| Q2 24 | $3.0B | $933.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.7B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $4.4B | ||
| Q3 25 | $6.5B | $4.6B | ||
| Q2 25 | $6.6B | $4.5B | ||
| Q1 25 | $6.5B | $4.2B | ||
| Q4 24 | $6.4B | $4.2B | ||
| Q3 24 | $6.3B | $4.2B | ||
| Q2 24 | $6.3B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | 2.56× | 0.39× | ||
| Q1 25 | 2.61× | 0.42× | ||
| Q4 24 | 2.01× | 0.52× | ||
| Q3 24 | 1.88× | 0.67× | ||
| Q2 24 | 1.73× | 0.72× |
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.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $142.9M | ||
| Q3 25 | $240.0M | $182.9M | ||
| Q2 25 | $205.0M | $78.5M | ||
| Q1 25 | $256.4M | $66.2M | ||
| Q4 24 | $262.1M | $298.3M | ||
| Q3 24 | $231.2M | $222.5M | ||
| Q2 24 | $213.1M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $121.1M | ||
| Q3 25 | $94.4M | $148.4M | ||
| Q2 25 | $80.6M | $45.3M | ||
| Q1 25 | $86.5M | $25.6M | ||
| Q4 24 | $150.9M | $270.0M | ||
| Q3 24 | $146.0M | $158.8M | ||
| Q2 24 | $98.7M | $-8.1M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 6.5% | ||
| Q3 25 | 9.4% | 6.8% | ||
| Q2 25 | 7.8% | 2.4% | ||
| Q1 25 | 8.7% | 1.6% | ||
| Q4 24 | 14.5% | 15.5% | ||
| Q3 24 | 15.2% | 9.6% | ||
| Q2 24 | 10.2% | -0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 1.2% | ||
| Q3 25 | 14.5% | 1.6% | ||
| Q2 25 | 12.0% | 1.8% | ||
| Q1 25 | 17.1% | 2.5% | ||
| Q4 24 | 10.7% | 1.6% | ||
| Q3 24 | 8.9% | 3.9% | ||
| Q2 24 | 11.8% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 2.76× | ||
| Q3 25 | 0.17× | 1.93× | ||
| Q2 25 | 1.35× | 0.93× | ||
| Q1 25 | 2.30× | 1.50× | ||
| Q4 24 | 1.54× | 5.53× | ||
| Q3 24 | 1.76× | 3.81× | ||
| Q2 24 | 1.52× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
