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Side-by-side financial comparison of Primoris Services Corp (PRIM) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× SEALED AIR CORP). SEALED AIR CORP runs the higher net margin — 3.1% vs 2.8%, a 0.4% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
PRIM vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.4B |
| Net Profit | $51.7M | $43.8M |
| Gross Margin | 9.4% | 28.6% |
| Operating Margin | 4.2% | 11.4% |
| Net Margin | 2.8% | 3.1% |
| Revenue YoY | 6.7% | 2.6% |
| Net Profit YoY | -4.2% | 700.0% |
| EPS (diluted) | $0.94 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $51.7M | $43.8M | ||
| Q3 25 | $94.6M | $255.1M | ||
| Q2 25 | $84.3M | $93.1M | ||
| Q1 25 | $44.2M | $113.5M | ||
| Q4 24 | $54.0M | $-7.3M | ||
| Q3 24 | $58.4M | $91.7M | ||
| Q2 24 | $49.5M | $98.3M | ||
| Q1 24 | $18.9M | $82.0M |
| Q4 25 | 9.4% | 28.6% | ||
| Q3 25 | 10.8% | 29.8% | ||
| Q2 25 | 12.3% | 30.7% | ||
| Q1 25 | 10.4% | 30.9% | ||
| Q4 24 | 10.6% | 30.0% | ||
| Q3 24 | 12.0% | 30.1% | ||
| Q2 24 | 11.9% | 31.2% | ||
| Q1 24 | 9.4% | 30.3% |
| Q4 25 | 4.2% | 11.4% | ||
| Q3 25 | 6.3% | 13.8% | ||
| Q2 25 | 6.7% | 15.0% | ||
| Q1 25 | 4.3% | 14.5% | ||
| Q4 24 | 5.0% | 11.7% | ||
| Q3 24 | 6.0% | 13.9% | ||
| Q2 24 | 5.5% | 15.4% | ||
| Q1 24 | 3.1% | 14.0% |
| Q4 25 | 2.8% | 3.1% | ||
| Q3 25 | 4.3% | 19.0% | ||
| Q2 25 | 4.5% | 7.0% | ||
| Q1 25 | 2.7% | 9.0% | ||
| Q4 24 | 3.1% | -0.5% | ||
| Q3 24 | 3.5% | 6.9% | ||
| Q2 24 | 3.2% | 7.4% | ||
| Q1 24 | 1.3% | 6.2% |
| Q4 25 | $0.94 | $0.30 | ||
| Q3 25 | $1.73 | $1.73 | ||
| Q2 25 | $1.54 | $0.63 | ||
| Q1 25 | $0.81 | $0.77 | ||
| Q4 24 | $0.98 | $-0.05 | ||
| Q3 24 | $1.07 | $0.63 | ||
| Q2 24 | $0.91 | $0.67 | ||
| Q1 24 | $0.35 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $469.9M | $3.3B |
| Stockholders' EquityBook value | $1.7B | $1.2B |
| Total Assets | $4.4B | $7.0B |
| Debt / EquityLower = less leverage | 0.28× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $344.0M | ||
| Q3 25 | $431.4M | $282.5M | ||
| Q2 25 | $390.3M | $354.4M | ||
| Q1 25 | $351.6M | $335.2M | ||
| Q4 24 | $455.8M | $371.8M | ||
| Q3 24 | $352.7M | $386.0M | ||
| Q2 24 | $207.4M | $388.6M | ||
| Q1 24 | $177.6M | $352.8M |
| Q4 25 | $469.9M | $3.3B | ||
| Q3 25 | $486.0M | $4.0B | ||
| Q2 25 | $603.1M | $4.0B | ||
| Q1 25 | $612.0M | $4.2B | ||
| Q4 24 | $734.8M | $4.2B | ||
| Q3 24 | $903.7M | $4.3B | ||
| Q2 24 | $933.0M | $4.4B | ||
| Q1 24 | $951.7M | $4.5B |
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $953.1M | ||
| Q1 25 | $1.4B | $797.9M | ||
| Q4 24 | $1.4B | $624.5M | ||
| Q3 24 | $1.4B | $771.2M | ||
| Q2 24 | $1.3B | $650.1M | ||
| Q1 24 | $1.2B | $598.3M |
| Q4 25 | $4.4B | $7.0B | ||
| Q3 25 | $4.6B | $7.1B | ||
| Q2 25 | $4.5B | $7.2B | ||
| Q1 25 | $4.2B | $7.0B | ||
| Q4 24 | $4.2B | $7.0B | ||
| Q3 24 | $4.2B | $7.3B | ||
| Q2 24 | $4.0B | $7.3B | ||
| Q1 24 | $4.0B | $7.2B |
| Q4 25 | 0.28× | 2.65× | ||
| Q3 25 | 0.30× | 3.34× | ||
| Q2 25 | 0.39× | 4.18× | ||
| Q1 25 | 0.42× | 5.26× | ||
| Q4 24 | 0.52× | 6.72× | ||
| Q3 24 | 0.67× | 5.62× | ||
| Q2 24 | 0.72× | 6.81× | ||
| Q1 24 | 0.76× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $121.1M | $257.7M |
| FCF MarginFCF / Revenue | 6.5% | 18.5% |
| Capex IntensityCapex / Revenue | 1.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.76× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $293.6M | ||
| Q3 25 | $182.9M | $165.9M | ||
| Q2 25 | $78.5M | $136.6M | ||
| Q1 25 | $66.2M | $31.9M | ||
| Q4 24 | $298.3M | $244.2M | ||
| Q3 24 | $222.5M | $170.5M | ||
| Q2 24 | $16.1M | $188.2M | ||
| Q1 24 | $-28.5M | $125.1M |
| Q4 25 | $121.1M | $257.7M | ||
| Q3 25 | $148.4M | $119.6M | ||
| Q2 25 | $45.3M | $93.2M | ||
| Q1 25 | $25.6M | $-12.0M | ||
| Q4 24 | $270.0M | $185.1M | ||
| Q3 24 | $158.8M | $115.2M | ||
| Q2 24 | $-8.1M | $129.5M | ||
| Q1 24 | $-38.9M | $78.0M |
| Q4 25 | 6.5% | 18.5% | ||
| Q3 25 | 6.8% | 8.9% | ||
| Q2 25 | 2.4% | 7.0% | ||
| Q1 25 | 1.6% | -0.9% | ||
| Q4 24 | 15.5% | 13.6% | ||
| Q3 24 | 9.6% | 8.6% | ||
| Q2 24 | -0.5% | 9.7% | ||
| Q1 24 | -2.8% | 5.9% |
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 2.5% | 3.5% | ||
| Q4 24 | 1.6% | 4.4% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 1.5% | 4.4% | ||
| Q1 24 | 0.7% | 3.6% |
| Q4 25 | 2.76× | 6.70× | ||
| Q3 25 | 1.93× | 0.65× | ||
| Q2 25 | 0.93× | 1.47× | ||
| Q1 25 | 1.50× | 0.28× | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | 1.86× | ||
| Q2 24 | 0.32× | 1.91× | ||
| Q1 24 | -1.50× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
