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Side-by-side financial comparison of ON Semiconductor (ON) 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 $1.6B, roughly 1.2× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs 2.8%, a 13.7% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs -12.3%).
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
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.
ON vs PRIM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.9B |
| Net Profit | $255.0M | $51.7M |
| Gross Margin | 37.9% | 9.4% |
| Operating Margin | 17.0% | 4.2% |
| Net Margin | 16.4% | 2.8% |
| Revenue YoY | -10.0% | 6.7% |
| Net Profit YoY | -32.9% | -4.2% |
| EPS (diluted) | $0.63 | $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 | $1.6B | $1.9B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.9B | $1.4B |
| Q4 25 | $255.0M | $51.7M | ||
| Q3 25 | $170.3M | $94.6M | ||
| Q2 25 | $-486.1M | $84.3M | ||
| Q1 25 | — | $44.2M | ||
| Q4 24 | $379.9M | $54.0M | ||
| Q3 24 | $401.7M | $58.4M | ||
| Q2 24 | $338.2M | $49.5M | ||
| Q1 24 | $453.0M | $18.9M |
| Q4 25 | 37.9% | 9.4% | ||
| Q3 25 | 37.6% | 10.8% | ||
| Q2 25 | 20.3% | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | 45.2% | 10.6% | ||
| Q3 24 | 45.4% | 12.0% | ||
| Q2 24 | 45.2% | 11.9% | ||
| Q1 24 | 45.8% | 9.4% |
| Q4 25 | 17.0% | 4.2% | ||
| Q3 25 | 13.2% | 6.3% | ||
| Q2 25 | -39.7% | 6.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | 23.7% | 5.0% | ||
| Q3 24 | 25.3% | 6.0% | ||
| Q2 24 | 22.4% | 5.5% | ||
| Q1 24 | 28.2% | 3.1% |
| Q4 25 | 16.4% | 2.8% | ||
| Q3 25 | 11.6% | 4.3% | ||
| Q2 25 | -33.6% | 4.5% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 22.1% | 3.1% | ||
| Q3 24 | 22.8% | 3.5% | ||
| Q2 24 | 19.5% | 3.2% | ||
| Q1 24 | 24.3% | 1.3% |
| Q4 25 | $0.63 | $0.94 | ||
| Q3 25 | $0.41 | $1.73 | ||
| Q2 25 | $-1.15 | $1.54 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | $0.88 | $0.98 | ||
| Q3 24 | $0.93 | $1.07 | ||
| Q2 24 | $0.78 | $0.91 | ||
| Q1 24 | $1.04 | $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 | $2.9B | $535.5M |
| Total DebtLower is stronger | $3.4B | $469.9M |
| Stockholders' EquityBook value | $7.9B | $1.7B |
| Total Assets | $13.0B | $4.4B |
| Debt / EquityLower = less leverage | 0.43× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | $535.5M | ||
| Q3 25 | $2.8B | $431.4M | ||
| Q2 25 | $3.0B | $390.3M | ||
| Q1 25 | — | $351.6M | ||
| Q4 24 | $3.0B | $455.8M | ||
| Q3 24 | $2.8B | $352.7M | ||
| Q2 24 | $2.7B | $207.4M | ||
| Q1 24 | $2.6B | $177.6M |
| Q4 25 | $3.4B | $469.9M | ||
| Q3 25 | $3.4B | $486.0M | ||
| Q2 25 | $3.4B | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | $3.4B | $734.8M | ||
| Q3 24 | $3.4B | $903.7M | ||
| Q2 24 | $3.4B | $933.0M | ||
| Q1 24 | $3.4B | $951.7M |
| Q4 25 | $7.9B | $1.7B | ||
| Q3 25 | $7.9B | $1.6B | ||
| Q2 25 | $8.0B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $8.8B | $1.4B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.3B | $1.3B | ||
| Q1 24 | $8.1B | $1.2B |
| Q4 25 | $13.0B | $4.4B | ||
| Q3 25 | $13.1B | $4.6B | ||
| Q2 25 | $13.3B | $4.5B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $14.1B | $4.2B | ||
| Q3 24 | $13.9B | $4.2B | ||
| Q2 24 | $13.7B | $4.0B | ||
| Q1 24 | $13.5B | $4.0B |
| Q4 25 | 0.43× | 0.28× | ||
| Q3 25 | 0.43× | 0.30× | ||
| Q2 25 | 0.42× | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | 0.38× | 0.52× | ||
| Q3 24 | 0.39× | 0.67× | ||
| Q2 24 | 0.41× | 0.72× | ||
| Q1 24 | 0.42× | 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 | $418.7M | $142.9M |
| Free Cash FlowOCF − Capex | $372.4M | $121.1M |
| FCF MarginFCF / Revenue | 24.0% | 6.5% |
| Capex IntensityCapex / Revenue | 3.0% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.64× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.7M | $142.9M | ||
| Q3 25 | $184.3M | $182.9M | ||
| Q2 25 | $602.3M | $78.5M | ||
| Q1 25 | — | $66.2M | ||
| Q4 24 | $579.7M | $298.3M | ||
| Q3 24 | $465.8M | $222.5M | ||
| Q2 24 | $362.2M | $16.1M | ||
| Q1 24 | $498.7M | $-28.5M |
| Q4 25 | $372.4M | $121.1M | ||
| Q3 25 | $106.1M | $148.4M | ||
| Q2 25 | $454.7M | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | $434.8M | $270.0M | ||
| Q3 24 | $293.6M | $158.8M | ||
| Q2 24 | $207.7M | $-8.1M | ||
| Q1 24 | $276.3M | $-38.9M |
| Q4 25 | 24.0% | 6.5% | ||
| Q3 25 | 7.2% | 6.8% | ||
| Q2 25 | 31.5% | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 25.2% | 15.5% | ||
| Q3 24 | 16.7% | 9.6% | ||
| Q2 24 | 12.0% | -0.5% | ||
| Q1 24 | 14.8% | -2.8% |
| Q4 25 | 3.0% | 1.2% | ||
| Q3 25 | 5.3% | 1.6% | ||
| Q2 25 | 10.2% | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 8.4% | 1.6% | ||
| Q3 24 | 9.8% | 3.9% | ||
| Q2 24 | 8.9% | 1.5% | ||
| Q1 24 | 11.9% | 0.7% |
| Q4 25 | 1.64× | 2.76× | ||
| Q3 25 | 1.08× | 1.93× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 1.53× | 5.53× | ||
| Q3 24 | 1.16× | 3.81× | ||
| Q2 24 | 1.07× | 0.32× | ||
| Q1 24 | 1.10× | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
