vs
Side-by-side financial comparison of PulteGroup (PHM) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $1.9B, roughly 1.8× Primoris Services Corp). PulteGroup runs the higher net margin — 10.2% vs 2.8%, a 7.4% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -12.4%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs -13.9%).
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
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.
PHM vs PRIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $1.9B |
| Net Profit | $347.0M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | — | 4.2% |
| Net Margin | 10.2% | 2.8% |
| Revenue YoY | -12.4% | 6.7% |
| Net Profit YoY | — | -4.2% |
| EPS (diluted) | — | $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 | $3.4B | — | ||
| Q4 25 | $4.6B | $1.9B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.4B | $1.9B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $4.9B | $1.7B | ||
| Q3 24 | $4.5B | $1.6B | ||
| Q2 24 | $4.6B | $1.6B |
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $51.7M | ||
| Q3 25 | $585.8M | $94.6M | ||
| Q2 25 | $608.5M | $84.3M | ||
| Q1 25 | $522.8M | $44.2M | ||
| Q4 24 | $913.2M | $54.0M | ||
| Q3 24 | $697.9M | $58.4M | ||
| Q2 24 | $809.1M | $49.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | 27.8% | 10.8% | ||
| Q2 25 | 28.6% | 12.3% | ||
| Q1 25 | 28.8% | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 30.4% | 12.0% | ||
| Q2 24 | 31.4% | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 2.8% | ||
| Q3 25 | 13.3% | 4.3% | ||
| Q2 25 | 13.8% | 4.5% | ||
| Q1 25 | 13.4% | 2.7% | ||
| Q4 24 | 18.6% | 3.1% | ||
| Q3 24 | 15.6% | 3.5% | ||
| Q2 24 | 17.6% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.94 | ||
| Q3 25 | $2.96 | $1.73 | ||
| Q2 25 | $3.03 | $1.54 | ||
| Q1 25 | $2.57 | $0.81 | ||
| Q4 24 | $4.41 | $0.98 | ||
| Q3 24 | $3.35 | $1.07 | ||
| Q2 24 | $3.83 | $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 | $1.8B | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $13.0B | $1.7B |
| Total Assets | $5.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $535.5M | ||
| Q3 25 | $1.5B | $431.4M | ||
| Q2 25 | $1.2B | $390.3M | ||
| Q1 25 | $1.2B | $351.6M | ||
| Q4 24 | $1.6B | $455.8M | ||
| Q3 24 | $1.4B | $352.7M | ||
| Q2 24 | $1.4B | $207.4M |
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | $31.1M | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M |
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $1.7B | ||
| Q3 25 | $12.8B | $1.6B | ||
| Q2 25 | $12.6B | $1.5B | ||
| Q1 25 | $12.3B | $1.4B | ||
| Q4 24 | $12.1B | $1.4B | ||
| Q3 24 | $11.6B | $1.4B | ||
| Q2 24 | $11.2B | $1.3B |
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $4.4B | ||
| Q3 25 | $17.9B | $4.6B | ||
| Q2 25 | $17.6B | $4.5B | ||
| Q1 25 | $17.3B | $4.2B | ||
| Q4 24 | $17.4B | $4.2B | ||
| Q3 24 | $17.0B | $4.2B | ||
| Q2 24 | $16.5B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | 0.00× | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 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 | $159.8M | $142.9M |
| Free Cash FlowOCF − Capex | — | $121.1M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | 0.7% | 1.2% |
| Cash ConversionOCF / Net Profit | 0.46× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $142.9M | ||
| Q3 25 | $678.4M | $182.9M | ||
| Q2 25 | $287.5M | $78.5M | ||
| Q1 25 | $134.2M | $66.2M | ||
| Q4 24 | $567.6M | $298.3M | ||
| Q3 24 | $455.9M | $222.5M | ||
| Q2 24 | $417.5M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | $121.1M | ||
| Q3 25 | $651.1M | $148.4M | ||
| Q2 25 | $253.0M | $45.3M | ||
| Q1 25 | $104.6M | $25.6M | ||
| Q4 24 | $543.1M | $270.0M | ||
| Q3 24 | $417.2M | $158.8M | ||
| Q2 24 | $386.2M | $-8.1M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 6.5% | ||
| Q3 25 | 14.8% | 6.8% | ||
| Q2 25 | 5.7% | 2.4% | ||
| Q1 25 | 2.7% | 1.6% | ||
| Q4 24 | 11.0% | 15.5% | ||
| Q3 24 | 9.3% | 9.6% | ||
| Q2 24 | 8.4% | -0.5% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.2% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.8% | 2.5% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.9% | 3.9% | ||
| Q2 24 | 0.7% | 1.5% |
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | 2.76× | ||
| Q3 25 | 1.16× | 1.93× | ||
| Q2 25 | 0.47× | 0.93× | ||
| Q1 25 | 0.26× | 1.50× | ||
| Q4 24 | 0.62× | 5.53× | ||
| Q3 24 | 0.65× | 3.81× | ||
| Q2 24 | 0.52× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
