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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $1.9B, roughly 1.9× Primoris Services Corp). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 2.8%, a 13.3% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs -10.5%).
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
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.
MKL vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $1.9B |
| Net Profit | $576.8M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 22.2% | 4.2% |
| Net Margin | 16.1% | 2.8% |
| Revenue YoY | -6.9% | 6.7% |
| Net Profit YoY | 5.0% | -4.2% |
| EPS (diluted) | $48.22 | $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 | $3.6B | $1.9B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $3.4B | $1.6B | ||
| Q4 24 | $3.8B | $1.7B | ||
| Q3 24 | $4.6B | $1.6B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | $4.5B | $1.4B |
| Q4 25 | $576.8M | $51.7M | ||
| Q3 25 | $751.3M | $94.6M | ||
| Q2 25 | $657.1M | $84.3M | ||
| Q1 25 | $121.7M | $44.2M | ||
| Q4 24 | $549.2M | $54.0M | ||
| Q3 24 | $905.0M | $58.4M | ||
| Q2 24 | $267.7M | $49.5M | ||
| Q1 24 | $1.0B | $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 | 22.2% | 4.2% | ||
| Q3 25 | 25.7% | 6.3% | ||
| Q2 25 | 24.1% | 6.7% | ||
| Q1 25 | 8.3% | 4.3% | ||
| Q4 24 | 15.5% | 5.0% | ||
| Q3 24 | 29.7% | 6.0% | ||
| Q2 24 | 11.1% | 5.5% | ||
| Q1 24 | 29.9% | 3.1% |
| Q4 25 | 16.1% | 2.8% | ||
| Q3 25 | 19.1% | 4.3% | ||
| Q2 25 | 14.3% | 4.5% | ||
| Q1 25 | 3.6% | 2.7% | ||
| Q4 24 | 14.3% | 3.1% | ||
| Q3 24 | 19.6% | 3.5% | ||
| Q2 24 | 7.2% | 3.2% | ||
| Q1 24 | 23.0% | 1.3% |
| Q4 25 | $48.22 | $0.94 | ||
| Q3 25 | $59.25 | $1.73 | ||
| Q2 25 | $49.67 | $1.54 | ||
| Q1 25 | $12.08 | $0.81 | ||
| Q4 24 | $39.02 | $0.98 | ||
| Q3 24 | $66.25 | $1.07 | ||
| Q2 24 | $18.62 | $0.91 | ||
| Q1 24 | $75.43 | $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 | $4.0B | $535.5M |
| Total DebtLower is stronger | $4.3B | $469.9M |
| Stockholders' EquityBook value | $18.6B | $1.7B |
| Total Assets | $68.9B | $4.4B |
| Debt / EquityLower = less leverage | 0.23× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0B | $535.5M | ||
| Q3 25 | $4.0B | $431.4M | ||
| Q2 25 | $3.7B | $390.3M | ||
| Q1 25 | $4.2B | $351.6M | ||
| Q4 24 | $3.7B | $455.8M | ||
| Q3 24 | $3.9B | $352.7M | ||
| Q2 24 | $3.5B | $207.4M | ||
| Q1 24 | $3.6B | $177.6M |
| Q4 25 | $4.3B | $469.9M | ||
| Q3 25 | $4.3B | $486.0M | ||
| Q2 25 | $4.4B | $603.1M | ||
| Q1 25 | $4.4B | $612.0M | ||
| Q4 24 | $4.3B | $734.8M | ||
| Q3 24 | $4.4B | $903.7M | ||
| Q2 24 | $4.4B | $933.0M | ||
| Q1 24 | $3.9B | $951.7M |
| Q4 25 | $18.6B | $1.7B | ||
| Q3 25 | $18.0B | $1.6B | ||
| Q2 25 | $17.3B | $1.5B | ||
| Q1 25 | $17.1B | $1.4B | ||
| Q4 24 | $16.9B | $1.4B | ||
| Q3 24 | $17.0B | $1.4B | ||
| Q2 24 | $15.9B | $1.3B | ||
| Q1 24 | $15.7B | $1.2B |
| Q4 25 | $68.9B | $4.4B | ||
| Q3 25 | $67.4B | $4.6B | ||
| Q2 25 | $66.8B | $4.5B | ||
| Q1 25 | $64.6B | $4.2B | ||
| Q4 24 | $61.9B | $4.2B | ||
| Q3 24 | $62.3B | $4.2B | ||
| Q2 24 | $59.7B | $4.0B | ||
| Q1 24 | $57.3B | $4.0B |
| Q4 25 | 0.23× | 0.28× | ||
| Q3 25 | 0.24× | 0.30× | ||
| Q2 25 | 0.25× | 0.39× | ||
| Q1 25 | 0.26× | 0.42× | ||
| Q4 24 | 0.26× | 0.52× | ||
| Q3 24 | 0.26× | 0.67× | ||
| Q2 24 | 0.28× | 0.72× | ||
| Q1 24 | 0.25× | 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 | $662.2M | $142.9M |
| Free Cash FlowOCF − Capex | $599.1M | $121.1M |
| FCF MarginFCF / Revenue | 16.7% | 6.5% |
| Capex IntensityCapex / Revenue | 1.8% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.15× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $662.2M | $142.9M | ||
| Q3 25 | $1.2B | $182.9M | ||
| Q2 25 | $504.4M | $78.5M | ||
| Q1 25 | $376.2M | $66.2M | ||
| Q4 24 | $493.9M | $298.3M | ||
| Q3 24 | $890.8M | $222.5M | ||
| Q2 24 | $578.6M | $16.1M | ||
| Q1 24 | $630.7M | $-28.5M |
| Q4 25 | $599.1M | $121.1M | ||
| Q3 25 | $1.2B | $148.4M | ||
| Q2 25 | $453.8M | $45.3M | ||
| Q1 25 | $335.5M | $25.6M | ||
| Q4 24 | $420.0M | $270.0M | ||
| Q3 24 | $838.9M | $158.8M | ||
| Q2 24 | $521.4M | $-8.1M | ||
| Q1 24 | $558.7M | $-38.9M |
| Q4 25 | 16.7% | 6.5% | ||
| Q3 25 | 29.6% | 6.8% | ||
| Q2 25 | 9.9% | 2.4% | ||
| Q1 25 | 9.9% | 1.6% | ||
| Q4 24 | 10.9% | 15.5% | ||
| Q3 24 | 18.2% | 9.6% | ||
| Q2 24 | 14.1% | -0.5% | ||
| Q1 24 | 12.5% | -2.8% |
| Q4 25 | 1.8% | 1.2% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.2% | 2.5% | ||
| Q4 24 | 1.9% | 1.6% | ||
| Q3 24 | 1.1% | 3.9% | ||
| Q2 24 | 1.5% | 1.5% | ||
| Q1 24 | 1.6% | 0.7% |
| Q4 25 | 1.15× | 2.76× | ||
| Q3 25 | 1.62× | 1.93× | ||
| Q2 25 | 0.77× | 0.93× | ||
| Q1 25 | 3.09× | 1.50× | ||
| Q4 24 | 0.90× | 5.53× | ||
| Q3 24 | 0.98× | 3.81× | ||
| Q2 24 | 2.16× | 0.32× | ||
| Q1 24 | 0.62× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
