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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) 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 $1.9B, roughly 1.0× Knight-Swift Transportation Holdings Inc.). Primoris Services Corp runs the higher net margin — 2.8% vs 0.0%, a 2.8% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 1.4%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $56.9M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 0.1%).
Swift Transportation is an American truckload motor shipping carrier based in Phoenix, Arizona. In 2017, Swift merged with Knight Transportation, also of Phoenix, forming Knight-Swift.
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.
KNX vs PRIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.9B |
| Net Profit | $96.0K | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 1.5% | 4.2% |
| Net Margin | 0.0% | 2.8% |
| Revenue YoY | 1.4% | 6.7% |
| Net Profit YoY | -76.6% | -4.2% |
| EPS (diluted) | $-0.01 | $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 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B |
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $51.7M | ||
| Q3 25 | $7.9M | $94.6M | ||
| Q2 25 | $34.2M | $84.3M | ||
| Q1 25 | $30.6M | $44.2M | ||
| Q4 24 | $69.5M | $54.0M | ||
| Q3 24 | $30.5M | $58.4M | ||
| Q2 24 | $20.3M | $49.5M |
| Q1 26 | — | — | ||
| 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 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 4.2% | ||
| Q3 25 | 2.6% | 6.3% | ||
| Q2 25 | 3.9% | 6.7% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | 4.2% | 5.0% | ||
| Q3 24 | 4.3% | 6.0% | ||
| Q2 24 | 3.4% | 5.5% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 2.8% | ||
| Q3 25 | 0.4% | 4.3% | ||
| Q2 25 | 1.8% | 4.5% | ||
| Q1 25 | 1.7% | 2.7% | ||
| Q4 24 | 3.7% | 3.1% | ||
| Q3 24 | 1.6% | 3.5% | ||
| Q2 24 | 1.1% | 3.2% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $0.94 | ||
| Q3 25 | $0.05 | $1.73 | ||
| Q2 25 | $0.21 | $1.54 | ||
| Q1 25 | $0.19 | $0.81 | ||
| Q4 24 | $0.43 | $0.98 | ||
| Q3 24 | $0.19 | $1.07 | ||
| Q2 24 | $0.13 | $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 | $222.8M | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $7.1B | $1.7B |
| Total Assets | $11.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $535.5M | ||
| Q3 25 | $192.7M | $431.4M | ||
| Q2 25 | $216.3M | $390.3M | ||
| Q1 25 | $209.5M | $351.6M | ||
| Q4 24 | $218.3M | $455.8M | ||
| Q3 24 | $166.3M | $352.7M | ||
| Q2 24 | $186.5M | $207.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $469.9M | ||
| Q3 25 | $1.9B | $486.0M | ||
| Q2 25 | $1.8B | $603.1M | ||
| Q1 25 | $1.8B | $612.0M | ||
| Q4 24 | $1.8B | $734.8M | ||
| Q3 24 | $1.9B | $903.7M | ||
| Q2 24 | $1.6B | $933.0M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $1.7B | ||
| Q3 25 | $7.1B | $1.6B | ||
| Q2 25 | $7.1B | $1.5B | ||
| Q1 25 | $7.1B | $1.4B | ||
| Q4 24 | $7.1B | $1.4B | ||
| Q3 24 | $7.1B | $1.4B | ||
| Q2 24 | $7.1B | $1.3B |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $4.4B | ||
| Q3 25 | $12.6B | $4.6B | ||
| Q2 25 | $12.5B | $4.5B | ||
| Q1 25 | $12.6B | $4.2B | ||
| Q4 24 | $12.7B | $4.2B | ||
| Q3 24 | $12.8B | $4.2B | ||
| Q2 24 | $12.6B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 0.28× | ||
| Q3 25 | 0.26× | 0.30× | ||
| Q2 25 | 0.26× | 0.39× | ||
| Q1 25 | 0.26× | 0.42× | ||
| Q4 24 | 0.26× | 0.52× | ||
| Q3 24 | 0.26× | 0.67× | ||
| Q2 24 | 0.23× | 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 | $142.5M | $142.9M |
| Free Cash FlowOCF − Capex | $56.9M | $121.1M |
| FCF MarginFCF / Revenue | 3.1% | 6.5% |
| Capex IntensityCapex / Revenue | 4.6% | 1.2% |
| Cash ConversionOCF / Net Profit | 1484.79× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $142.9M | ||
| Q3 25 | $217.5M | $182.9M | ||
| Q2 25 | $216.5M | $78.5M | ||
| Q1 25 | $109.4M | $66.2M | ||
| Q4 24 | $274.3M | $298.3M | ||
| Q3 24 | $214.0M | $222.5M | ||
| Q2 24 | $273.4M | $16.1M |
| Q1 26 | $56.9M | — | ||
| 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 | 3.1% | — | ||
| 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 | 4.6% | — | ||
| 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 | 1484.79× | — | ||
| Q4 25 | — | 2.76× | ||
| Q3 25 | 27.67× | 1.93× | ||
| Q2 25 | 6.32× | 0.93× | ||
| Q1 25 | 3.57× | 1.50× | ||
| Q4 24 | 3.95× | 5.53× | ||
| Q3 24 | 7.03× | 3.81× | ||
| Q2 24 | 13.47× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
