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Side-by-side financial comparison of Incyte (INCY) 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 1.5× Incyte). Incyte runs the higher net margin — 23.8% vs 2.8%, a 21.0% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 6.7%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 10.4%).
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
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.
INCY vs PRIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.9B |
| Net Profit | $303.3M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 23.7% | 4.2% |
| Net Margin | 23.8% | 2.8% |
| Revenue YoY | 20.9% | 6.7% |
| Net Profit YoY | 91.7% | -4.2% |
| EPS (diluted) | $1.47 | $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 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $51.7M | ||
| Q3 25 | $424.2M | $94.6M | ||
| Q2 25 | $405.0M | $84.3M | ||
| Q1 25 | $158.2M | $44.2M | ||
| Q4 24 | $201.2M | $54.0M | ||
| Q3 24 | $106.5M | $58.4M | ||
| Q2 24 | $-444.6M | $49.5M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 9.4% | ||
| Q3 25 | 92.8% | 10.8% | ||
| Q2 25 | 93.5% | 12.3% | ||
| Q1 25 | 93.0% | 10.4% | ||
| Q4 24 | 92.5% | 10.6% | ||
| Q3 24 | 92.4% | 12.0% | ||
| Q2 24 | 92.7% | 11.9% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 4.2% | ||
| Q3 25 | 32.5% | 6.3% | ||
| Q2 25 | 43.6% | 6.7% | ||
| Q1 25 | 19.5% | 4.3% | ||
| Q4 24 | 25.6% | 5.0% | ||
| Q3 24 | 12.8% | 6.0% | ||
| Q2 24 | -45.8% | 5.5% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 2.8% | ||
| Q3 25 | 31.1% | 4.3% | ||
| Q2 25 | 33.3% | 4.5% | ||
| Q1 25 | 15.0% | 2.7% | ||
| Q4 24 | 17.1% | 3.1% | ||
| Q3 24 | 9.4% | 3.5% | ||
| Q2 24 | -42.6% | 3.2% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $0.94 | ||
| Q3 25 | $2.11 | $1.73 | ||
| Q2 25 | $2.04 | $1.54 | ||
| Q1 25 | $0.80 | $0.81 | ||
| Q4 24 | $0.90 | $0.98 | ||
| Q3 24 | $0.54 | $1.07 | ||
| Q2 24 | $-2.04 | $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 | $5.6B | $1.7B |
| Total Assets | $7.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $535.5M | ||
| Q3 25 | $2.5B | $431.4M | ||
| Q2 25 | $2.0B | $390.3M | ||
| Q1 25 | $1.9B | $351.6M | ||
| Q4 24 | $1.7B | $455.8M | ||
| Q3 24 | $1.3B | $352.7M | ||
| Q2 24 | $987.3M | $207.4M |
| Q1 26 | — | — | ||
| 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 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $1.7B | ||
| Q3 25 | $4.7B | $1.6B | ||
| Q2 25 | $4.2B | $1.5B | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $4.4B | ||
| Q3 25 | $6.3B | $4.6B | ||
| Q2 25 | $5.8B | $4.5B | ||
| Q1 25 | $5.7B | $4.2B | ||
| Q4 24 | $5.4B | $4.2B | ||
| Q3 24 | $5.0B | $4.2B | ||
| Q2 24 | $4.7B | $4.0B |
| Q1 26 | — | — | ||
| 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× |
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 | $543.3M | $142.9M | ||
| Q3 25 | $559.4M | $182.9M | ||
| Q2 25 | $44.7M | $78.5M | ||
| Q1 25 | $266.1M | $66.2M | ||
| Q4 24 | $381.2M | $298.3M | ||
| Q3 24 | $310.9M | $222.5M | ||
| Q2 24 | $-575.6M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $121.1M | ||
| Q3 25 | — | $148.4M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | — | $158.8M | ||
| Q2 24 | — | $-8.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | -0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 2.76× | ||
| Q3 25 | 1.32× | 1.93× | ||
| Q2 25 | 0.11× | 0.93× | ||
| Q1 25 | 1.68× | 1.50× | ||
| Q4 24 | 1.89× | 5.53× | ||
| Q3 24 | 2.92× | 3.81× | ||
| Q2 24 | — | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
