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Side-by-side financial comparison of Evergy (EVRG) 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 $1.3B, roughly 1.4× Evergy). Evergy runs the higher net margin — 6.5% vs 2.8%, a 3.7% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 5.3%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-530.5M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 0.4%).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
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.
EVRG vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.9B |
| Net Profit | $84.3M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 18.5% | 4.2% |
| Net Margin | 6.5% | 2.8% |
| Revenue YoY | 5.3% | 6.7% |
| Net Profit YoY | 7.8% | -4.2% |
| EPS (diluted) | $0.35 | $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 | $1.3B | $1.9B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $84.3M | $51.7M | ||
| Q3 25 | $475.0M | $94.6M | ||
| Q2 25 | $171.3M | $84.3M | ||
| Q1 25 | $125.0M | $44.2M | ||
| Q4 24 | $78.2M | $54.0M | ||
| Q3 24 | $465.6M | $58.4M | ||
| Q2 24 | $207.0M | $49.5M | ||
| Q1 24 | $122.7M | $18.9M |
| 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 24 | — | 9.4% |
| Q4 25 | 18.5% | 4.2% | ||
| Q3 25 | 37.3% | 6.3% | ||
| Q2 25 | 25.4% | 6.7% | ||
| Q1 25 | 22.5% | 4.3% | ||
| Q4 24 | 18.1% | 5.0% | ||
| Q3 24 | 35.1% | 6.0% | ||
| Q2 24 | 25.4% | 5.5% | ||
| Q1 24 | 20.3% | 3.1% |
| Q4 25 | 6.5% | 2.8% | ||
| Q3 25 | 26.9% | 4.3% | ||
| Q2 25 | 12.6% | 4.5% | ||
| Q1 25 | 9.7% | 2.7% | ||
| Q4 24 | 6.4% | 3.1% | ||
| Q3 24 | 26.0% | 3.5% | ||
| Q2 24 | 14.7% | 3.2% | ||
| Q1 24 | 9.6% | 1.3% |
| Q4 25 | $0.35 | $0.94 | ||
| Q3 25 | $2.03 | $1.73 | ||
| Q2 25 | $0.74 | $1.54 | ||
| Q1 25 | $0.54 | $0.81 | ||
| Q4 24 | $0.34 | $0.98 | ||
| Q3 24 | $2.02 | $1.07 | ||
| Q2 24 | $0.90 | $0.91 | ||
| Q1 24 | $0.53 | $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 | $19.8M | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $10.2B | $1.7B |
| Total Assets | $33.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $535.5M | ||
| Q3 25 | $27.5M | $431.4M | ||
| Q2 25 | $27.8M | $390.3M | ||
| Q1 25 | $35.3M | $351.6M | ||
| Q4 24 | $22.0M | $455.8M | ||
| Q3 24 | $34.6M | $352.7M | ||
| Q2 24 | $26.1M | $207.4M | ||
| Q1 24 | $63.7M | $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 | $10.2B | $1.7B | ||
| Q3 25 | $10.3B | $1.6B | ||
| Q2 25 | $10.0B | $1.5B | ||
| Q1 25 | $9.9B | $1.4B | ||
| Q4 24 | $10.0B | $1.4B | ||
| Q3 24 | $10.0B | $1.4B | ||
| Q2 24 | $9.7B | $1.3B | ||
| Q1 24 | $9.6B | $1.2B |
| Q4 25 | $33.9B | $4.4B | ||
| Q3 25 | $33.4B | $4.6B | ||
| Q2 25 | $32.9B | $4.5B | ||
| Q1 25 | $32.5B | $4.2B | ||
| Q4 24 | $32.3B | $4.2B | ||
| Q3 24 | $32.1B | $4.2B | ||
| Q2 24 | $31.8B | $4.0B | ||
| Q1 24 | $31.3B | $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 | $334.0M | $142.9M |
| Free Cash FlowOCF − Capex | $-530.5M | $121.1M |
| FCF MarginFCF / Revenue | -41.1% | 6.5% |
| Capex IntensityCapex / Revenue | 66.9% | 1.2% |
| Cash ConversionOCF / Net Profit | 3.96× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $-751.7M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $334.0M | $142.9M | ||
| Q3 25 | $937.7M | $182.9M | ||
| Q2 25 | $323.9M | $78.5M | ||
| Q1 25 | $449.6M | $66.2M | ||
| Q4 24 | $395.6M | $298.3M | ||
| Q3 24 | $953.3M | $222.5M | ||
| Q2 24 | $317.5M | $16.1M | ||
| Q1 24 | $317.3M | $-28.5M |
| Q4 25 | $-530.5M | $121.1M | ||
| Q3 25 | $225.4M | $148.4M | ||
| Q2 25 | $-303.4M | $45.3M | ||
| Q1 25 | $-143.2M | $25.6M | ||
| Q4 24 | $-118.6M | $270.0M | ||
| Q3 24 | $427.0M | $158.8M | ||
| Q2 24 | $-360.0M | $-8.1M | ||
| Q1 24 | $-301.3M | $-38.9M |
| Q4 25 | -41.1% | 6.5% | ||
| Q3 25 | 12.8% | 6.8% | ||
| Q2 25 | -22.4% | 2.4% | ||
| Q1 25 | -11.1% | 1.6% | ||
| Q4 24 | -9.7% | 15.5% | ||
| Q3 24 | 23.9% | 9.6% | ||
| Q2 24 | -25.6% | -0.5% | ||
| Q1 24 | -23.5% | -2.8% |
| Q4 25 | 66.9% | 1.2% | ||
| Q3 25 | 40.4% | 1.6% | ||
| Q2 25 | 46.3% | 1.8% | ||
| Q1 25 | 45.8% | 2.5% | ||
| Q4 24 | 41.9% | 1.6% | ||
| Q3 24 | 29.4% | 3.9% | ||
| Q2 24 | 48.1% | 1.5% | ||
| Q1 24 | 48.3% | 0.7% |
| Q4 25 | 3.96× | 2.76× | ||
| Q3 25 | 1.97× | 1.93× | ||
| Q2 25 | 1.89× | 0.93× | ||
| Q1 25 | 3.60× | 1.50× | ||
| Q4 24 | 5.06× | 5.53× | ||
| Q3 24 | 2.05× | 3.81× | ||
| Q2 24 | 1.53× | 0.32× | ||
| Q1 24 | 2.59× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
