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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) 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× JANUS HENDERSON GROUP PLC). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 2.8%, a 32.5% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 6.7%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $121.1M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 14.7%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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.
JHG vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.9B |
| Net Profit | $403.2M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 42.7% | 4.2% |
| Net Margin | 35.3% | 2.8% |
| Revenue YoY | 61.3% | 6.7% |
| Net Profit YoY | 231.0% | -4.2% |
| EPS (diluted) | $2.59 | $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 | $700.4M | $2.2B | ||
| Q2 25 | $633.2M | $1.9B | ||
| Q1 25 | $621.4M | $1.6B | ||
| Q4 24 | $708.3M | $1.7B | ||
| Q3 24 | $624.8M | $1.6B | ||
| Q2 24 | $588.4M | $1.6B | ||
| Q1 24 | $551.7M | $1.4B |
| Q4 25 | $403.2M | $51.7M | ||
| Q3 25 | $142.1M | $94.6M | ||
| Q2 25 | $149.9M | $84.3M | ||
| Q1 25 | $120.7M | $44.2M | ||
| Q4 24 | $121.8M | $54.0M | ||
| Q3 24 | $27.3M | $58.4M | ||
| Q2 24 | $129.7M | $49.5M | ||
| Q1 24 | $130.1M | $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 | 42.7% | 4.2% | ||
| Q3 25 | 24.6% | 6.3% | ||
| Q2 25 | 25.9% | 6.7% | ||
| Q1 25 | 24.7% | 4.3% | ||
| Q4 24 | 27.9% | 5.0% | ||
| Q3 24 | 26.4% | 6.0% | ||
| Q2 24 | 27.9% | 5.5% | ||
| Q1 24 | 21.6% | 3.1% |
| Q4 25 | 35.3% | 2.8% | ||
| Q3 25 | 20.3% | 4.3% | ||
| Q2 25 | 23.7% | 4.5% | ||
| Q1 25 | 19.4% | 2.7% | ||
| Q4 24 | 17.2% | 3.1% | ||
| Q3 24 | 4.4% | 3.5% | ||
| Q2 24 | 22.0% | 3.2% | ||
| Q1 24 | 23.6% | 1.3% |
| Q4 25 | $2.59 | $0.94 | ||
| Q3 25 | $0.92 | $1.73 | ||
| Q2 25 | $0.95 | $1.54 | ||
| Q1 25 | $0.77 | $0.81 | ||
| Q4 24 | $0.77 | $0.98 | ||
| Q3 24 | $0.17 | $1.07 | ||
| Q2 24 | $0.81 | $0.91 | ||
| Q1 24 | $0.81 | $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 | $1.6B | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $5.1B | $1.7B |
| Total Assets | $8.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $535.5M | ||
| Q3 25 | $1.4B | $431.4M | ||
| Q2 25 | $1.3B | $390.3M | ||
| Q1 25 | $1.4B | $351.6M | ||
| Q4 24 | $1.6B | $455.8M | ||
| Q3 24 | $1.8B | $352.7M | ||
| Q2 24 | $1.3B | $207.4M | ||
| Q1 24 | $1.1B | $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 | $5.1B | $1.7B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.6B | $1.4B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.5B | $1.3B | ||
| Q1 24 | $4.4B | $1.2B |
| Q4 25 | $8.3B | $4.4B | ||
| Q3 25 | $7.6B | $4.6B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $7.1B | $4.2B | ||
| Q4 24 | $7.0B | $4.2B | ||
| Q3 24 | $7.3B | $4.2B | ||
| Q2 24 | $6.4B | $4.0B | ||
| Q1 24 | $6.3B | $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 | $322.7M | $142.9M |
| Free Cash FlowOCF − Capex | $320.4M | $121.1M |
| FCF MarginFCF / Revenue | 28.0% | 6.5% |
| Capex IntensityCapex / Revenue | 0.2% | 1.2% |
| Cash ConversionOCF / Net Profit | 0.80× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $710.9M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $322.7M | $142.9M | ||
| Q3 25 | $258.8M | $182.9M | ||
| Q2 25 | $135.2M | $78.5M | ||
| Q1 25 | $2.8M | $66.2M | ||
| Q4 24 | $247.3M | $298.3M | ||
| Q3 24 | $228.5M | $222.5M | ||
| Q2 24 | $223.8M | $16.1M | ||
| Q1 24 | $-5.0M | $-28.5M |
| Q4 25 | $320.4M | $121.1M | ||
| Q3 25 | $256.4M | $148.4M | ||
| Q2 25 | $133.2M | $45.3M | ||
| Q1 25 | $900.0K | $25.6M | ||
| Q4 24 | $243.5M | $270.0M | ||
| Q3 24 | $225.9M | $158.8M | ||
| Q2 24 | $221.9M | $-8.1M | ||
| Q1 24 | $-6.8M | $-38.9M |
| Q4 25 | 28.0% | 6.5% | ||
| Q3 25 | 36.6% | 6.8% | ||
| Q2 25 | 21.0% | 2.4% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 34.4% | 15.5% | ||
| Q3 24 | 36.2% | 9.6% | ||
| Q2 24 | 37.7% | -0.5% | ||
| Q1 24 | -1.2% | -2.8% |
| Q4 25 | 0.2% | 1.2% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.3% | 1.8% | ||
| Q1 25 | 0.3% | 2.5% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.4% | 3.9% | ||
| Q2 24 | 0.3% | 1.5% | ||
| Q1 24 | 0.3% | 0.7% |
| Q4 25 | 0.80× | 2.76× | ||
| Q3 25 | 1.82× | 1.93× | ||
| Q2 25 | 0.90× | 0.93× | ||
| Q1 25 | 0.02× | 1.50× | ||
| Q4 24 | 2.03× | 5.53× | ||
| Q3 24 | 8.37× | 3.81× | ||
| Q2 24 | 1.73× | 0.32× | ||
| Q1 24 | -0.04× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
