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Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.6× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 2.8%, a 7.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 14.7%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs PRIM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.9B |
| Net Profit | $112.6M | $51.7M |
| Gross Margin | 12.2% | 9.4% |
| Operating Margin | 10.1% | 4.2% |
| Net Margin | 9.9% | 2.8% |
| Revenue YoY | 35.9% | 6.7% |
| Net Profit YoY | 30.0% | -4.2% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $1.9B | ||
| Q3 25 | $978.1M | $2.2B | ||
| Q2 25 | $909.7M | $1.9B | ||
| Q1 25 | $871.8M | $1.6B | ||
| Q4 24 | $833.6M | $1.7B | ||
| Q3 24 | $804.2M | $1.6B | ||
| Q2 24 | $753.3M | $1.6B | ||
| Q1 24 | $731.5M | $1.4B |
| Q4 25 | $112.6M | $51.7M | ||
| Q3 25 | $95.9M | $94.6M | ||
| Q2 25 | $87.2M | $84.3M | ||
| Q1 25 | $81.3M | $44.2M | ||
| Q4 24 | $86.6M | $54.0M | ||
| Q3 24 | $77.4M | $58.4M | ||
| Q2 24 | $81.1M | $49.5M | ||
| Q1 24 | $80.9M | $18.9M |
| Q4 25 | 12.2% | 9.4% | ||
| Q3 25 | 11.9% | 10.8% | ||
| Q2 25 | 12.2% | 12.3% | ||
| Q1 25 | 11.7% | 10.4% | ||
| Q4 24 | 12.1% | 10.6% | ||
| Q3 24 | 12.3% | 12.0% | ||
| Q2 24 | 12.3% | 11.9% | ||
| Q1 24 | 12.4% | 9.4% |
| Q4 25 | 10.1% | 4.2% | ||
| Q3 25 | 9.6% | 6.3% | ||
| Q2 25 | 9.8% | 6.7% | ||
| Q1 25 | 9.0% | 4.3% | ||
| Q4 24 | 9.5% | 5.0% | ||
| Q3 24 | 9.6% | 6.0% | ||
| Q2 24 | 9.7% | 5.5% | ||
| Q1 24 | 9.7% | 3.1% |
| Q4 25 | 9.9% | 2.8% | ||
| Q3 25 | 9.8% | 4.3% | ||
| Q2 25 | 9.6% | 4.5% | ||
| Q1 25 | 9.3% | 2.7% | ||
| Q4 24 | 10.4% | 3.1% | ||
| Q3 24 | 9.6% | 3.5% | ||
| Q2 24 | 10.8% | 3.2% | ||
| Q1 24 | 11.1% | 1.3% |
| Q4 25 | $3.11 | $0.94 | ||
| Q3 25 | $2.66 | $1.73 | ||
| Q2 25 | $2.41 | $1.54 | ||
| Q1 25 | $2.25 | $0.81 | ||
| Q4 24 | $2.38 | $0.98 | ||
| Q3 24 | $2.13 | $1.07 | ||
| Q2 24 | $2.22 | $0.91 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $2.2B | $1.7B |
| Total Assets | $3.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $535.5M | ||
| Q3 25 | $968.8M | $431.4M | ||
| Q2 25 | $934.2M | $390.3M | ||
| Q1 25 | $950.7M | $351.6M | ||
| Q4 24 | $934.6M | $455.8M | ||
| Q3 24 | $908.9M | $352.7M | ||
| Q2 24 | $858.6M | $207.4M | ||
| Q1 24 | $794.0M | $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 | $2.2B | $1.7B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $3.0B | $4.6B | ||
| Q2 25 | $2.8B | $4.5B | ||
| Q1 25 | $2.6B | $4.2B | ||
| Q4 24 | $2.5B | $4.2B | ||
| Q3 24 | $2.4B | $4.2B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $142.9M |
| Free Cash FlowOCF − Capex | $-5.3M | $121.1M |
| FCF MarginFCF / Revenue | -0.5% | 6.5% |
| Capex IntensityCapex / Revenue | 4.6% | 1.2% |
| Cash ConversionOCF / Net Profit | 0.41× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $142.9M | ||
| Q3 25 | $102.6M | $182.9M | ||
| Q2 25 | $55.1M | $78.5M | ||
| Q1 25 | $74.2M | $66.2M | ||
| Q4 24 | $115.9M | $298.3M | ||
| Q3 24 | $83.2M | $222.5M | ||
| Q2 24 | $83.1M | $16.1M | ||
| Q1 24 | $100.9M | $-28.5M |
| Q4 25 | $-5.3M | $121.1M | ||
| Q3 25 | $57.3M | $148.4M | ||
| Q2 25 | $4.7M | $45.3M | ||
| Q1 25 | $45.7M | $25.6M | ||
| Q4 24 | $94.0M | $270.0M | ||
| Q3 24 | $62.9M | $158.8M | ||
| Q2 24 | $70.4M | $-8.1M | ||
| Q1 24 | $87.3M | $-38.9M |
| Q4 25 | -0.5% | 6.5% | ||
| Q3 25 | 5.9% | 6.8% | ||
| Q2 25 | 0.5% | 2.4% | ||
| Q1 25 | 5.2% | 1.6% | ||
| Q4 24 | 11.3% | 15.5% | ||
| Q3 24 | 7.8% | 9.6% | ||
| Q2 24 | 9.3% | -0.5% | ||
| Q1 24 | 11.9% | -2.8% |
| Q4 25 | 4.6% | 1.2% | ||
| Q3 25 | 4.6% | 1.6% | ||
| Q2 25 | 5.5% | 1.8% | ||
| Q1 25 | 3.3% | 2.5% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.5% | 3.9% | ||
| Q2 24 | 1.7% | 1.5% | ||
| Q1 24 | 1.9% | 0.7% |
| Q4 25 | 0.41× | 2.76× | ||
| Q3 25 | 1.07× | 1.93× | ||
| Q2 25 | 0.63× | 0.93× | ||
| Q1 25 | 0.91× | 1.50× | ||
| Q4 24 | 1.34× | 5.53× | ||
| Q3 24 | 1.07× | 3.81× | ||
| Q2 24 | 1.02× | 0.32× | ||
| Q1 24 | 1.25× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
