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Side-by-side financial comparison of CrowdStrike (CRWD) 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 1.5× CrowdStrike). Primoris Services Corp runs the higher net margin — 2.8% vs -2.8%, a 5.5% gap on every dollar of revenue. On growth, CrowdStrike posted the faster year-over-year revenue change (22.2% vs 6.7%). CrowdStrike produced more free cash flow last quarter ($314.1M vs $121.1M). Over the past eight quarters, CrowdStrike's revenue compounded faster (20.8% CAGR vs 14.7%).
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.
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.
CRWD vs PRIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.9B |
| Net Profit | $-34.0M | $51.7M |
| Gross Margin | 75.1% | 9.4% |
| Operating Margin | -5.6% | 4.2% |
| Net Margin | -2.8% | 2.8% |
| Revenue YoY | 22.2% | 6.7% |
| Net Profit YoY | -102.1% | -4.2% |
| EPS (diluted) | $-0.14 | $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 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $963.9M | $1.6B | ||
| Q2 24 | $921.0M | $1.6B | ||
| Q1 24 | $845.3M | $1.4B |
| Q4 25 | $-34.0M | $51.7M | ||
| Q3 25 | $-77.7M | $94.6M | ||
| Q2 25 | $-110.2M | $84.3M | ||
| Q1 25 | $-92.3M | $44.2M | ||
| Q4 24 | $-16.8M | $54.0M | ||
| Q3 24 | $47.0M | $58.4M | ||
| Q2 24 | $42.8M | $49.5M | ||
| Q1 24 | $53.7M | $18.9M |
| Q4 25 | 75.1% | 9.4% | ||
| Q3 25 | 73.5% | 10.8% | ||
| Q2 25 | 73.8% | 12.3% | ||
| Q1 25 | 74.1% | 10.4% | ||
| Q4 24 | 74.7% | 10.6% | ||
| Q3 24 | 75.4% | 12.0% | ||
| Q2 24 | 75.6% | 11.9% | ||
| Q1 24 | 75.3% | 9.4% |
| Q4 25 | -5.6% | 4.2% | ||
| Q3 25 | -9.7% | 6.3% | ||
| Q2 25 | -11.3% | 6.7% | ||
| Q1 25 | -8.1% | 4.3% | ||
| Q4 24 | -5.5% | 5.0% | ||
| Q3 24 | 1.4% | 6.0% | ||
| Q2 24 | 0.8% | 5.5% | ||
| Q1 24 | 3.5% | 3.1% |
| Q4 25 | -2.8% | 2.8% | ||
| Q3 25 | -6.6% | 4.3% | ||
| Q2 25 | -10.0% | 4.5% | ||
| Q1 25 | -8.7% | 2.7% | ||
| Q4 24 | -1.7% | 3.1% | ||
| Q3 24 | 4.9% | 3.5% | ||
| Q2 24 | 4.6% | 3.2% | ||
| Q1 24 | 6.4% | 1.3% |
| Q4 25 | $-0.14 | $0.94 | ||
| Q3 25 | $-0.31 | $1.73 | ||
| Q2 25 | $-0.44 | $1.54 | ||
| Q1 25 | $-0.37 | $0.81 | ||
| Q4 24 | $-0.07 | $0.98 | ||
| Q3 24 | $0.19 | $1.07 | ||
| Q2 24 | $0.17 | $0.91 | ||
| Q1 24 | $0.23 | $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 | $4.8B | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $4.0B | $1.7B |
| Total Assets | $10.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8B | $535.5M | ||
| Q3 25 | $5.0B | $431.4M | ||
| Q2 25 | $4.6B | $390.3M | ||
| Q1 25 | $4.3B | $351.6M | ||
| Q4 24 | $4.3B | $455.8M | ||
| Q3 24 | $4.0B | $352.7M | ||
| Q2 24 | $3.7B | $207.4M | ||
| Q1 24 | $3.5B | $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 | $4.0B | $1.7B | ||
| Q3 25 | $3.8B | $1.6B | ||
| Q2 25 | $3.5B | $1.5B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $2.5B | $1.3B | ||
| Q1 24 | $2.3B | $1.2B |
| Q4 25 | $10.0B | $4.4B | ||
| Q3 25 | $9.3B | $4.6B | ||
| Q2 25 | $8.7B | $4.5B | ||
| Q1 25 | $8.7B | $4.2B | ||
| Q4 24 | $7.8B | $4.2B | ||
| Q3 24 | $7.2B | $4.2B | ||
| Q2 24 | $6.8B | $4.0B | ||
| Q1 24 | $6.6B | $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 | $397.5M | $142.9M |
| Free Cash FlowOCF − Capex | $314.1M | $121.1M |
| FCF MarginFCF / Revenue | 25.5% | 6.5% |
| Capex IntensityCapex / Revenue | 6.8% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $397.5M | $142.9M | ||
| Q3 25 | $332.8M | $182.9M | ||
| Q2 25 | $384.1M | $78.5M | ||
| Q1 25 | $345.7M | $66.2M | ||
| Q4 24 | $326.1M | $298.3M | ||
| Q3 24 | $326.6M | $222.5M | ||
| Q2 24 | $383.2M | $16.1M | ||
| Q1 24 | $347.0M | $-28.5M |
| Q4 25 | $314.1M | $121.1M | ||
| Q3 25 | $302.3M | $148.4M | ||
| Q2 25 | $298.4M | $45.3M | ||
| Q1 25 | $258.5M | $25.6M | ||
| Q4 24 | $247.4M | $270.0M | ||
| Q3 24 | $287.4M | $158.8M | ||
| Q2 24 | $333.5M | $-8.1M | ||
| Q1 24 | $294.4M | $-38.9M |
| Q4 25 | 25.5% | 6.5% | ||
| Q3 25 | 25.9% | 6.8% | ||
| Q2 25 | 27.0% | 2.4% | ||
| Q1 25 | 24.4% | 1.6% | ||
| Q4 24 | 24.5% | 15.5% | ||
| Q3 24 | 29.8% | 9.6% | ||
| Q2 24 | 36.2% | -0.5% | ||
| Q1 24 | 34.8% | -2.8% |
| Q4 25 | 6.8% | 1.2% | ||
| Q3 25 | 2.6% | 1.6% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 8.2% | 2.5% | ||
| Q4 24 | 7.8% | 1.6% | ||
| Q3 24 | 4.1% | 3.9% | ||
| Q2 24 | 5.4% | 1.5% | ||
| Q1 24 | 6.2% | 0.7% |
| Q4 25 | — | 2.76× | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 6.95× | 3.81× | ||
| Q2 24 | 8.95× | 0.32× | ||
| Q1 24 | 6.46× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
