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Side-by-side financial comparison of Primoris Services Corp (PRIM) and SELECT MEDICAL HOLDINGS CORP (SEM). 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× SELECT MEDICAL HOLDINGS CORP). Primoris Services Corp runs the higher net margin — 2.8% vs 1.4%, a 1.3% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 6.4%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $5.2M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 2.8%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
PRIM vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.4B |
| Net Profit | $51.7M | $20.2M |
| Gross Margin | 9.4% | — |
| Operating Margin | 4.2% | 4.6% |
| Net Margin | 2.8% | 1.4% |
| Revenue YoY | 6.7% | 6.4% |
| Net Profit YoY | -4.2% | 225.7% |
| EPS (diluted) | $0.94 | $0.17 |
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 | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $51.7M | $20.2M | ||
| Q3 25 | $94.6M | $28.8M | ||
| Q2 25 | $84.3M | $40.6M | ||
| Q1 25 | $44.2M | $56.7M | ||
| Q4 24 | $54.0M | $-16.1M | ||
| Q3 24 | $58.4M | $55.6M | ||
| Q2 24 | $49.5M | $77.6M | ||
| Q1 24 | $18.9M | $96.9M |
| 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% | 4.6% | ||
| Q3 25 | 6.3% | 5.4% | ||
| Q2 25 | 6.7% | 6.5% | ||
| Q1 25 | 4.3% | 8.3% | ||
| Q4 24 | 5.0% | 1.6% | ||
| Q3 24 | 6.0% | 4.3% | ||
| Q2 24 | 5.5% | 5.8% | ||
| Q1 24 | 3.1% | 9.0% |
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 4.3% | 2.1% | ||
| Q2 25 | 4.5% | 3.0% | ||
| Q1 25 | 2.7% | 4.2% | ||
| Q4 24 | 3.1% | -1.2% | ||
| Q3 24 | 3.5% | 4.4% | ||
| Q2 24 | 3.2% | 6.1% | ||
| Q1 24 | 1.3% | 7.3% |
| Q4 25 | $0.94 | $0.17 | ||
| Q3 25 | $1.73 | $0.23 | ||
| Q2 25 | $1.54 | $0.32 | ||
| Q1 25 | $0.81 | $0.44 | ||
| Q4 24 | $0.98 | $-0.12 | ||
| Q3 24 | $1.07 | $0.43 | ||
| Q2 24 | $0.91 | $0.60 | ||
| Q1 24 | $0.35 | $0.75 |
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 | $26.5M |
| Total DebtLower is stronger | $469.9M | $1.8B |
| Stockholders' EquityBook value | $1.7B | $1.7B |
| Total Assets | $4.4B | $5.9B |
| Debt / EquityLower = less leverage | 0.28× | 1.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $26.5M | ||
| Q3 25 | $431.4M | $60.1M | ||
| Q2 25 | $390.3M | $52.3M | ||
| Q1 25 | $351.6M | $53.2M | ||
| Q4 24 | $455.8M | $59.7M | ||
| Q3 24 | $352.7M | $191.5M | ||
| Q2 24 | $207.4M | $111.2M | ||
| Q1 24 | $177.6M | $92.6M |
| Q4 25 | $469.9M | $1.8B | ||
| Q3 25 | $486.0M | $1.7B | ||
| Q2 25 | $603.1M | $1.8B | ||
| Q1 25 | $612.0M | $1.8B | ||
| Q4 24 | $734.8M | $1.7B | ||
| Q3 24 | $903.7M | $3.1B | ||
| Q2 24 | $933.0M | $3.6B | ||
| Q1 24 | $951.7M | $3.8B |
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $4.4B | $5.9B | ||
| Q3 25 | $4.6B | $5.7B | ||
| Q2 25 | $4.5B | $5.7B | ||
| Q1 25 | $4.2B | $5.7B | ||
| Q4 24 | $4.2B | $5.6B | ||
| Q3 24 | $4.2B | $8.0B | ||
| Q2 24 | $4.0B | $7.9B | ||
| Q1 24 | $4.0B | $7.9B |
| Q4 25 | 0.28× | 1.06× | ||
| Q3 25 | 0.30× | 1.03× | ||
| Q2 25 | 0.39× | 1.10× | ||
| Q1 25 | 0.42× | 1.03× | ||
| Q4 24 | 0.52× | 1.01× | ||
| Q3 24 | 0.67× | 1.62× | ||
| Q2 24 | 0.72× | 2.54× | ||
| Q1 24 | 0.76× | 2.75× |
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 | $64.3M |
| Free Cash FlowOCF − Capex | $121.1M | $5.2M |
| FCF MarginFCF / Revenue | 6.5% | 0.4% |
| Capex IntensityCapex / Revenue | 1.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.76× | 3.19× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $117.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $64.3M | ||
| Q3 25 | $182.9M | $175.3M | ||
| Q2 25 | $78.5M | $110.3M | ||
| Q1 25 | $66.2M | $-3.5M | ||
| Q4 24 | $298.3M | $125.4M | ||
| Q3 24 | $222.5M | $181.0M | ||
| Q2 24 | $16.1M | $278.2M | ||
| Q1 24 | $-28.5M | $-66.7M |
| Q4 25 | $121.1M | $5.2M | ||
| Q3 25 | $148.4M | $122.2M | ||
| Q2 25 | $45.3M | $45.6M | ||
| Q1 25 | $25.6M | $-55.8M | ||
| Q4 24 | $270.0M | $62.0M | ||
| Q3 24 | $158.8M | $130.3M | ||
| Q2 24 | $-8.1M | $222.6M | ||
| Q1 24 | $-38.9M | $-119.2M |
| Q4 25 | 6.5% | 0.4% | ||
| Q3 25 | 6.8% | 9.0% | ||
| Q2 25 | 2.4% | 3.4% | ||
| Q1 25 | 1.6% | -4.1% | ||
| Q4 24 | 15.5% | 4.7% | ||
| Q3 24 | 9.6% | 10.2% | ||
| Q2 24 | -0.5% | 17.4% | ||
| Q1 24 | -2.8% | -9.0% |
| Q4 25 | 1.2% | 4.2% | ||
| Q3 25 | 1.6% | 3.9% | ||
| Q2 25 | 1.8% | 4.8% | ||
| Q1 25 | 2.5% | 3.9% | ||
| Q4 24 | 1.6% | 4.8% | ||
| Q3 24 | 3.9% | 4.0% | ||
| Q2 24 | 1.5% | 4.3% | ||
| Q1 24 | 0.7% | 4.0% |
| Q4 25 | 2.76× | 3.19× | ||
| Q3 25 | 1.93× | 6.09× | ||
| Q2 25 | 0.93× | 2.72× | ||
| Q1 25 | 1.50× | -0.06× | ||
| Q4 24 | 5.53× | — | ||
| Q3 24 | 3.81× | 3.25× | ||
| Q2 24 | 0.32× | 3.59× | ||
| Q1 24 | -1.50× | -0.69× |
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% |
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
