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Side-by-side financial comparison of First American Financial Corp (FAF) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.9B, roughly 1.1× Primoris Services Corp). First American Financial Corp runs the higher net margin — 10.3% vs 2.8%, a 7.6% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 6.7%). First American Financial Corp produced more free cash flow last quarter ($324.5M vs $121.1M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 14.7%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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.
FAF vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.9B |
| Net Profit | $211.9M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 14.0% | 4.2% |
| Net Margin | 10.3% | 2.8% |
| Revenue YoY | 21.6% | 6.7% |
| Net Profit YoY | 192.7% | -4.2% |
| EPS (diluted) | $2.04 | $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 | $2.0B | $1.9B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.4B | $1.4B |
| Q4 25 | $211.9M | $51.7M | ||
| Q3 25 | $189.6M | $94.6M | ||
| Q2 25 | $146.1M | $84.3M | ||
| Q1 25 | $74.2M | $44.2M | ||
| Q4 24 | $72.4M | $54.0M | ||
| Q3 24 | $-104.0M | $58.4M | ||
| Q2 24 | $116.0M | $49.5M | ||
| Q1 24 | $46.7M | $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 | 14.0% | 4.2% | ||
| Q3 25 | 12.5% | 6.3% | ||
| Q2 25 | 10.6% | 6.7% | ||
| Q1 25 | 6.1% | 4.3% | ||
| Q4 24 | 5.9% | 5.0% | ||
| Q3 24 | -10.3% | 6.0% | ||
| Q2 24 | 9.4% | 5.5% | ||
| Q1 24 | 4.1% | 3.1% |
| Q4 25 | 10.3% | 2.8% | ||
| Q3 25 | 9.6% | 4.3% | ||
| Q2 25 | 7.9% | 4.5% | ||
| Q1 25 | 4.7% | 2.7% | ||
| Q4 24 | 4.3% | 3.1% | ||
| Q3 24 | -7.4% | 3.5% | ||
| Q2 24 | 7.2% | 3.2% | ||
| Q1 24 | 3.3% | 1.3% |
| Q4 25 | $2.04 | $0.94 | ||
| Q3 25 | $1.84 | $1.73 | ||
| Q2 25 | $1.41 | $1.54 | ||
| Q1 25 | $0.71 | $0.81 | ||
| Q4 24 | $0.70 | $0.98 | ||
| Q3 24 | $-1.00 | $1.07 | ||
| Q2 24 | $1.11 | $0.91 | ||
| Q1 24 | $0.45 | $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 | $1.4B | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $5.5B | $1.7B |
| Total Assets | $16.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $535.5M | ||
| Q3 25 | $2.9B | $431.4M | ||
| Q2 25 | $2.0B | $390.3M | ||
| Q1 25 | $2.0B | $351.6M | ||
| Q4 24 | $1.7B | $455.8M | ||
| Q3 24 | $3.0B | $352.7M | ||
| Q2 24 | $2.0B | $207.4M | ||
| Q1 24 | $1.5B | $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 | $5.5B | $1.7B | ||
| Q3 25 | $5.3B | $1.6B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.0B | $1.4B | ||
| Q4 24 | $4.9B | $1.4B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $4.8B | $1.2B |
| Q4 25 | $16.2B | $4.4B | ||
| Q3 25 | $17.6B | $4.6B | ||
| Q2 25 | $16.3B | $4.5B | ||
| Q1 25 | $15.5B | $4.2B | ||
| Q4 24 | $14.9B | $4.2B | ||
| Q3 24 | $16.6B | $4.2B | ||
| Q2 24 | $15.2B | $4.0B | ||
| Q1 24 | $14.7B | $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 | $369.3M | $142.9M |
| Free Cash FlowOCF − Capex | $324.5M | $121.1M |
| FCF MarginFCF / Revenue | 15.8% | 6.5% |
| Capex IntensityCapex / Revenue | 2.2% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.74× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $142.9M | ||
| Q3 25 | $272.5M | $182.9M | ||
| Q2 25 | $361.8M | $78.5M | ||
| Q1 25 | $-52.8M | $66.2M | ||
| Q4 24 | $324.6M | $298.3M | ||
| Q3 24 | $236.9M | $222.5M | ||
| Q2 24 | $266.7M | $16.1M | ||
| Q1 24 | $69.3M | $-28.5M |
| Q4 25 | $324.5M | $121.1M | ||
| Q3 25 | $223.1M | $148.4M | ||
| Q2 25 | $309.4M | $45.3M | ||
| Q1 25 | $-94.5M | $25.6M | ||
| Q4 24 | $266.2M | $270.0M | ||
| Q3 24 | $185.4M | $158.8M | ||
| Q2 24 | $210.0M | $-8.1M | ||
| Q1 24 | $17.6M | $-38.9M |
| Q4 25 | 15.8% | 6.5% | ||
| Q3 25 | 11.3% | 6.8% | ||
| Q2 25 | 16.8% | 2.4% | ||
| Q1 25 | -6.0% | 1.6% | ||
| Q4 24 | 15.8% | 15.5% | ||
| Q3 24 | 13.2% | 9.6% | ||
| Q2 24 | 13.0% | -0.5% | ||
| Q1 24 | 1.2% | -2.8% |
| Q4 25 | 2.2% | 1.2% | ||
| Q3 25 | 2.5% | 1.6% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 3.5% | 1.6% | ||
| Q3 24 | 3.7% | 3.9% | ||
| Q2 24 | 3.5% | 1.5% | ||
| Q1 24 | 3.6% | 0.7% |
| Q4 25 | 1.74× | 2.76× | ||
| Q3 25 | 1.44× | 1.93× | ||
| Q2 25 | 2.48× | 0.93× | ||
| Q1 25 | -0.71× | 1.50× | ||
| Q4 24 | 4.48× | 5.53× | ||
| Q3 24 | — | 3.81× | ||
| Q2 24 | 2.30× | 0.32× | ||
| Q1 24 | 1.48× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
