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Side-by-side financial comparison of Keysight Technologies (KEYS) 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 $1.4B, roughly 1.3× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 2.8%, a 13.6% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 6.7%). Keysight Technologies produced more free cash flow last quarter ($187.0M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 6.2%).
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
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.
KEYS vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.9B |
| Net Profit | $233.0M | $51.7M |
| Gross Margin | 61.2% | 9.4% |
| Operating Margin | 15.3% | 4.2% |
| Net Margin | 16.4% | 2.8% |
| Revenue YoY | 10.3% | 6.7% |
| Net Profit YoY | 419.2% | -4.2% |
| EPS (diluted) | $1.35 | $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 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $233.0M | $51.7M | ||
| Q3 25 | $191.0M | $94.6M | ||
| Q2 25 | $257.0M | $84.3M | ||
| Q1 25 | $169.0M | $44.2M | ||
| Q4 24 | $-73.0M | $54.0M | ||
| Q3 24 | $389.0M | $58.4M | ||
| Q2 24 | $126.0M | $49.5M | ||
| Q1 24 | $172.0M | $18.9M |
| Q4 25 | 61.2% | 9.4% | ||
| Q3 25 | 61.7% | 10.8% | ||
| Q2 25 | 62.3% | 12.3% | ||
| Q1 25 | 63.2% | 10.4% | ||
| Q4 24 | 62.3% | 10.6% | ||
| Q3 24 | 62.0% | 12.0% | ||
| Q2 24 | 62.7% | 11.9% | ||
| Q1 24 | 64.6% | 9.4% |
| Q4 25 | 15.3% | 4.2% | ||
| Q3 25 | 17.3% | 6.3% | ||
| Q2 25 | 15.8% | 6.7% | ||
| Q1 25 | 16.8% | 4.3% | ||
| Q4 24 | 17.9% | 5.0% | ||
| Q3 24 | 16.8% | 6.0% | ||
| Q2 24 | 14.6% | 5.5% | ||
| Q1 24 | 17.6% | 3.1% |
| Q4 25 | 16.4% | 2.8% | ||
| Q3 25 | 14.1% | 4.3% | ||
| Q2 25 | 19.7% | 4.5% | ||
| Q1 25 | 13.0% | 2.7% | ||
| Q4 24 | -5.7% | 3.1% | ||
| Q3 24 | 32.0% | 3.5% | ||
| Q2 24 | 10.4% | 3.2% | ||
| Q1 24 | 13.7% | 1.3% |
| Q4 25 | $1.35 | $0.94 | ||
| Q3 25 | $1.10 | $1.73 | ||
| Q2 25 | $1.49 | $1.54 | ||
| Q1 25 | $0.97 | $0.81 | ||
| Q4 24 | $-0.41 | $0.98 | ||
| Q3 24 | $2.22 | $1.07 | ||
| Q2 24 | $0.72 | $0.91 | ||
| Q1 24 | $0.98 | $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 | $1.9B | $535.5M |
| Total DebtLower is stronger | $2.5B | $469.9M |
| Stockholders' EquityBook value | $5.9B | $1.7B |
| Total Assets | $11.3B | $4.4B |
| Debt / EquityLower = less leverage | 0.43× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $535.5M | ||
| Q3 25 | $2.6B | $431.4M | ||
| Q2 25 | $3.1B | $390.3M | ||
| Q1 25 | $2.1B | $351.6M | ||
| Q4 24 | $1.8B | $455.8M | ||
| Q3 24 | $1.6B | $352.7M | ||
| Q2 24 | $1.7B | $207.4M | ||
| Q1 24 | $1.7B | $177.6M |
| Q4 25 | $2.5B | $469.9M | ||
| Q3 25 | $2.5B | $486.0M | ||
| Q2 25 | $2.5B | $603.1M | ||
| Q1 25 | $1.8B | $612.0M | ||
| Q4 24 | $1.8B | $734.8M | ||
| Q3 24 | $1.8B | $903.7M | ||
| Q2 24 | $1.8B | $933.0M | ||
| Q1 24 | $1.8B | $951.7M |
| Q4 25 | $5.9B | $1.7B | ||
| Q3 25 | $5.7B | $1.6B | ||
| Q2 25 | $5.5B | $1.5B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $5.1B | $1.4B | ||
| Q3 24 | $5.2B | $1.4B | ||
| Q2 24 | $4.9B | $1.3B | ||
| Q1 24 | $4.8B | $1.2B |
| Q4 25 | $11.3B | $4.4B | ||
| Q3 25 | $10.7B | $4.6B | ||
| Q2 25 | $10.5B | $4.5B | ||
| Q1 25 | $9.4B | $4.2B | ||
| Q4 24 | $9.3B | $4.2B | ||
| Q3 24 | $9.3B | $4.2B | ||
| Q2 24 | $9.0B | $4.0B | ||
| Q1 24 | $9.1B | $4.0B |
| Q4 25 | 0.43× | 0.28× | ||
| Q3 25 | 0.45× | 0.30× | ||
| Q2 25 | 0.46× | 0.39× | ||
| Q1 25 | 0.35× | 0.42× | ||
| Q4 24 | 0.35× | 0.52× | ||
| Q3 24 | 0.34× | 0.67× | ||
| Q2 24 | 0.37× | 0.72× | ||
| Q1 24 | 0.38× | 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 | $225.0M | $142.9M |
| Free Cash FlowOCF − Capex | $187.0M | $121.1M |
| FCF MarginFCF / Revenue | 13.2% | 6.5% |
| Capex IntensityCapex / Revenue | 2.7% | 1.2% |
| Cash ConversionOCF / Net Profit | 0.97× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $225.0M | $142.9M | ||
| Q3 25 | $322.0M | $182.9M | ||
| Q2 25 | $484.0M | $78.5M | ||
| Q1 25 | $378.0M | $66.2M | ||
| Q4 24 | $359.0M | $298.3M | ||
| Q3 24 | $255.0M | $222.5M | ||
| Q2 24 | $110.0M | $16.1M | ||
| Q1 24 | $328.0M | $-28.5M |
| Q4 25 | $187.0M | $121.1M | ||
| Q3 25 | $291.0M | $148.4M | ||
| Q2 25 | $457.0M | $45.3M | ||
| Q1 25 | $346.0M | $25.6M | ||
| Q4 24 | $321.0M | $270.0M | ||
| Q3 24 | $222.0M | $158.8M | ||
| Q2 24 | $74.0M | $-8.1M | ||
| Q1 24 | $281.0M | $-38.9M |
| Q4 25 | 13.2% | 6.5% | ||
| Q3 25 | 21.5% | 6.8% | ||
| Q2 25 | 35.0% | 2.4% | ||
| Q1 25 | 26.7% | 1.6% | ||
| Q4 24 | 24.9% | 15.5% | ||
| Q3 24 | 18.2% | 9.6% | ||
| Q2 24 | 6.1% | -0.5% | ||
| Q1 24 | 22.3% | -2.8% |
| Q4 25 | 2.7% | 1.2% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 2.1% | 1.8% | ||
| Q1 25 | 2.5% | 2.5% | ||
| Q4 24 | 3.0% | 1.6% | ||
| Q3 24 | 2.7% | 3.9% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 3.7% | 0.7% |
| Q4 25 | 0.97× | 2.76× | ||
| Q3 25 | 1.69× | 1.93× | ||
| Q2 25 | 1.88× | 0.93× | ||
| Q1 25 | 2.24× | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 0.66× | 3.81× | ||
| Q2 24 | 0.87× | 0.32× | ||
| Q1 24 | 1.91× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
