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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $943.2M, roughly 2.0× Sally Beauty Holdings, Inc.). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs 2.8%, a 2.0% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 0.6%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $57.5M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
PRIM vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $943.2M |
| Net Profit | $51.7M | $45.6M |
| Gross Margin | 9.4% | 51.2% |
| Operating Margin | 4.2% | 8.1% |
| Net Margin | 2.8% | 4.8% |
| Revenue YoY | 6.7% | 0.6% |
| Net Profit YoY | -4.2% | -25.3% |
| EPS (diluted) | $0.94 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $2.2B | $947.1M | ||
| Q2 25 | $1.9B | $933.3M | ||
| Q1 25 | $1.6B | $883.1M | ||
| Q4 24 | $1.7B | $937.9M | ||
| Q3 24 | $1.6B | $935.0M | ||
| Q2 24 | $1.6B | $942.3M | ||
| Q1 24 | $1.4B | $908.4M |
| Q4 25 | $51.7M | $45.6M | ||
| Q3 25 | $94.6M | $49.9M | ||
| Q2 25 | $84.3M | $45.7M | ||
| Q1 25 | $44.2M | $39.2M | ||
| Q4 24 | $54.0M | $61.0M | ||
| Q3 24 | $58.4M | $48.1M | ||
| Q2 24 | $49.5M | $37.7M | ||
| Q1 24 | $18.9M | $29.2M |
| Q4 25 | 9.4% | 51.2% | ||
| Q3 25 | 10.8% | 52.2% | ||
| Q2 25 | 12.3% | 51.5% | ||
| Q1 25 | 10.4% | 52.0% | ||
| Q4 24 | 10.6% | 50.8% | ||
| Q3 24 | 12.0% | 51.2% | ||
| Q2 24 | 11.9% | 51.0% | ||
| Q1 24 | 9.4% | 51.0% |
| Q4 25 | 4.2% | 8.1% | ||
| Q3 25 | 6.3% | 8.4% | ||
| Q2 25 | 6.7% | 8.4% | ||
| Q1 25 | 4.3% | 7.9% | ||
| Q4 24 | 5.0% | 10.7% | ||
| Q3 24 | 6.0% | 8.8% | ||
| Q2 24 | 5.5% | 7.6% | ||
| Q1 24 | 3.1% | 6.6% |
| Q4 25 | 2.8% | 4.8% | ||
| Q3 25 | 4.3% | 5.3% | ||
| Q2 25 | 4.5% | 4.9% | ||
| Q1 25 | 2.7% | 4.4% | ||
| Q4 24 | 3.1% | 6.5% | ||
| Q3 24 | 3.5% | 5.1% | ||
| Q2 24 | 3.2% | 4.0% | ||
| Q1 24 | 1.3% | 3.2% |
| Q4 25 | $0.94 | $0.45 | ||
| Q3 25 | $1.73 | $0.49 | ||
| Q2 25 | $1.54 | $0.44 | ||
| Q1 25 | $0.81 | $0.38 | ||
| Q4 24 | $0.98 | $0.58 | ||
| Q3 24 | $1.07 | $0.45 | ||
| Q2 24 | $0.91 | $0.36 | ||
| Q1 24 | $0.35 | $0.27 |
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 | $157.2M |
| Total DebtLower is stronger | $469.9M | $842.5M |
| Stockholders' EquityBook value | $1.7B | $823.6M |
| Total Assets | $4.4B | $2.9B |
| Debt / EquityLower = less leverage | 0.28× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $157.2M | ||
| Q3 25 | $431.4M | $149.2M | ||
| Q2 25 | $390.3M | $112.8M | ||
| Q1 25 | $351.6M | $92.2M | ||
| Q4 24 | $455.8M | $105.5M | ||
| Q3 24 | $352.7M | $108.0M | ||
| Q2 24 | $207.4M | $97.4M | ||
| Q1 24 | $177.6M | $97.2M |
| Q4 25 | $469.9M | $842.5M | ||
| Q3 25 | $486.0M | $862.0M | ||
| Q2 25 | $603.1M | $882.4M | ||
| Q1 25 | $612.0M | $902.8M | ||
| Q4 24 | $734.8M | $938.1M | ||
| Q3 24 | $903.7M | $978.3M | ||
| Q2 24 | $933.0M | $978.9M | ||
| Q1 24 | $951.7M | $978.4M |
| Q4 25 | $1.7B | $823.6M | ||
| Q3 25 | $1.6B | $794.2M | ||
| Q2 25 | $1.5B | $762.9M | ||
| Q1 25 | $1.4B | $699.8M | ||
| Q4 24 | $1.4B | $656.5M | ||
| Q3 24 | $1.4B | $628.5M | ||
| Q2 24 | $1.3B | $577.7M | ||
| Q1 24 | $1.2B | $550.9M |
| Q4 25 | $4.4B | $2.9B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.2B | $2.7B | ||
| Q3 24 | $4.2B | $2.8B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $4.0B | $2.7B |
| Q4 25 | 0.28× | 1.02× | ||
| Q3 25 | 0.30× | 1.09× | ||
| Q2 25 | 0.39× | 1.16× | ||
| Q1 25 | 0.42× | 1.29× | ||
| Q4 24 | 0.52× | 1.43× | ||
| Q3 24 | 0.67× | 1.56× | ||
| Q2 24 | 0.72× | 1.69× | ||
| Q1 24 | 0.76× | 1.78× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | $121.1M | $57.5M |
| FCF MarginFCF / Revenue | 6.5% | 6.1% |
| Capex IntensityCapex / Revenue | 1.2% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.76× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $93.2M | ||
| Q3 25 | $182.9M | $120.9M | ||
| Q2 25 | $78.5M | $69.4M | ||
| Q1 25 | $66.2M | $51.1M | ||
| Q4 24 | $298.3M | $33.5M | ||
| Q3 24 | $222.5M | $110.7M | ||
| Q2 24 | $16.1M | $47.9M | ||
| Q1 24 | $-28.5M | $36.9M |
| Q4 25 | $121.1M | $57.5M | ||
| Q3 25 | $148.4M | $78.0M | ||
| Q2 25 | $45.3M | $49.1M | ||
| Q1 25 | $25.6M | $32.2M | ||
| Q4 24 | $270.0M | $13.4M | ||
| Q3 24 | $158.8M | $73.3M | ||
| Q2 24 | $-8.1M | $28.7M | ||
| Q1 24 | $-38.9M | $22.8M |
| Q4 25 | 6.5% | 6.1% | ||
| Q3 25 | 6.8% | 8.2% | ||
| Q2 25 | 2.4% | 5.3% | ||
| Q1 25 | 1.6% | 3.6% | ||
| Q4 24 | 15.5% | 1.4% | ||
| Q3 24 | 9.6% | 7.8% | ||
| Q2 24 | -0.5% | 3.1% | ||
| Q1 24 | -2.8% | 2.5% |
| Q4 25 | 1.2% | 3.8% | ||
| Q3 25 | 1.6% | 4.5% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 3.9% | 4.0% | ||
| Q2 24 | 1.5% | 2.0% | ||
| Q1 24 | 0.7% | 1.6% |
| Q4 25 | 2.76× | 2.05× | ||
| Q3 25 | 1.93× | 2.42× | ||
| Q2 25 | 0.93× | 1.52× | ||
| Q1 25 | 1.50× | 1.30× | ||
| Q4 24 | 5.53× | 0.55× | ||
| Q3 24 | 3.81× | 2.30× | ||
| Q2 24 | 0.32× | 1.27× | ||
| Q1 24 | -1.50× | 1.26× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
