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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Public Storage (PSA). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.5× Public Storage). Public Storage runs the higher net margin — 41.7% vs 2.8%, a 38.9% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 3.3%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
PRIM vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $51.7M | $507.1M |
| Gross Margin | 9.4% | — |
| Operating Margin | 4.2% | 40.7% |
| Net Margin | 2.8% | 41.7% |
| Revenue YoY | 6.7% | 3.3% |
| Net Profit YoY | -4.2% | -17.5% |
| EPS (diluted) | $0.94 | $2.59 |
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 | $1.9B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
| Q4 25 | $51.7M | $507.1M | ||
| Q3 25 | $94.6M | $511.1M | ||
| Q2 25 | $84.3M | $358.4M | ||
| Q1 25 | $44.2M | $407.8M | ||
| Q4 24 | $54.0M | $614.6M | ||
| Q3 24 | $58.4M | $430.3M | ||
| Q2 24 | $49.5M | $518.1M | ||
| Q1 24 | $18.9M | $508.9M |
| 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 | 4.2% | 40.7% | ||
| Q3 25 | 6.3% | 42.3% | ||
| Q2 25 | 6.7% | 30.4% | ||
| Q1 25 | 4.3% | 34.8% | ||
| Q4 24 | 5.0% | 52.4% | ||
| Q3 24 | 6.0% | 36.7% | ||
| Q2 24 | 5.5% | 44.6% | ||
| Q1 24 | 3.1% | 44.3% |
| Q4 25 | 2.8% | 41.7% | ||
| Q3 25 | 4.3% | 41.8% | ||
| Q2 25 | 4.5% | 29.8% | ||
| Q1 25 | 2.7% | 34.5% | ||
| Q4 24 | 3.1% | 52.2% | ||
| Q3 24 | 3.5% | 36.2% | ||
| Q2 24 | 3.2% | 44.2% | ||
| Q1 24 | 1.3% | 44.0% |
| Q4 25 | $0.94 | $2.59 | ||
| Q3 25 | $1.73 | $2.62 | ||
| Q2 25 | $1.54 | $1.76 | ||
| Q1 25 | $0.81 | $2.04 | ||
| Q4 24 | $0.98 | $3.22 | ||
| Q3 24 | $1.07 | $2.16 | ||
| Q2 24 | $0.91 | $2.66 | ||
| Q1 24 | $0.35 | $2.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $535.5M | $318.1M |
| Total DebtLower is stronger | $469.9M | $10.3B |
| Stockholders' EquityBook value | $1.7B | $9.2B |
| Total Assets | $4.4B | $20.2B |
| Debt / EquityLower = less leverage | 0.28× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $318.1M | ||
| Q3 25 | $431.4M | $296.5M | ||
| Q2 25 | $390.3M | $1.1B | ||
| Q1 25 | $351.6M | $287.2M | ||
| Q4 24 | $455.8M | $447.4M | ||
| Q3 24 | $352.7M | $599.0M | ||
| Q2 24 | $207.4M | $542.3M | ||
| Q1 24 | $177.6M | $271.6M |
| Q4 25 | $469.9M | $10.3B | ||
| Q3 25 | $486.0M | $10.0B | ||
| Q2 25 | $603.1M | $10.4B | ||
| Q1 25 | $612.0M | $9.4B | ||
| Q4 24 | $734.8M | $9.4B | ||
| Q3 24 | $903.7M | $9.5B | ||
| Q2 24 | $933.0M | $9.4B | ||
| Q1 24 | $951.7M | $9.1B |
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.6B | $9.3B | ||
| Q2 25 | $1.5B | $9.4B | ||
| Q1 25 | $1.4B | $9.6B | ||
| Q4 24 | $1.4B | $9.7B | ||
| Q3 24 | $1.4B | $9.6B | ||
| Q2 24 | $1.3B | $9.7B | ||
| Q1 24 | $1.2B | $9.9B |
| Q4 25 | $4.4B | $20.2B | ||
| Q3 25 | $4.6B | $20.1B | ||
| Q2 25 | $4.5B | $20.5B | ||
| Q1 25 | $4.2B | $19.6B | ||
| Q4 24 | $4.2B | $19.8B | ||
| Q3 24 | $4.2B | $19.8B | ||
| Q2 24 | $4.0B | $19.8B | ||
| Q1 24 | $4.0B | $19.6B |
| Q4 25 | 0.28× | 1.11× | ||
| Q3 25 | 0.30× | 1.08× | ||
| Q2 25 | 0.39× | 1.11× | ||
| Q1 25 | 0.42× | 0.99× | ||
| Q4 24 | 0.52× | 0.96× | ||
| Q3 24 | 0.67× | 0.99× | ||
| Q2 24 | 0.72× | 0.97× | ||
| Q1 24 | 0.76× | 0.91× |
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 | $142.9M | $733.6M |
| Free Cash FlowOCF − Capex | $121.1M | — |
| FCF MarginFCF / Revenue | 6.5% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.76× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $733.6M | ||
| Q3 25 | $182.9M | $875.1M | ||
| Q2 25 | $78.5M | $872.7M | ||
| Q1 25 | $66.2M | $705.1M | ||
| Q4 24 | $298.3M | $768.6M | ||
| Q3 24 | $222.5M | $798.8M | ||
| Q2 24 | $16.1M | $895.3M | ||
| Q1 24 | $-28.5M | $665.6M |
| 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 24 | $-38.9M | — |
| 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 24 | -2.8% | — |
| 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 24 | 0.7% | — |
| Q4 25 | 2.76× | 1.45× | ||
| Q3 25 | 1.93× | 1.71× | ||
| Q2 25 | 0.93× | 2.43× | ||
| Q1 25 | 1.50× | 1.73× | ||
| Q4 24 | 5.53× | 1.25× | ||
| Q3 24 | 3.81× | 1.86× | ||
| Q2 24 | 0.32× | 1.73× | ||
| Q1 24 | -1.50× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
