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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Sempra (SRE). Click either name above to swap in a different company.

Sempra is the larger business by last-quarter revenue ($3.3B vs $1.9B, roughly 1.8× Primoris Services Corp). Sempra runs the higher net margin — 10.7% vs 2.8%, a 7.9% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (6.9% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-2.2B). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs -5.8%).

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.

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

PRIM vs SRE — Head-to-Head

Bigger by revenue
SRE
SRE
1.8× larger
SRE
$3.3B
$1.9B
PRIM
Growing faster (revenue YoY)
SRE
SRE
+0.3% gap
SRE
6.9%
6.7%
PRIM
Higher net margin
SRE
SRE
7.9% more per $
SRE
10.7%
2.8%
PRIM
More free cash flow
PRIM
PRIM
$2.3B more FCF
PRIM
$121.1M
$-2.2B
SRE
Faster 2-yr revenue CAGR
PRIM
PRIM
Annualised
PRIM
14.7%
-5.8%
SRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRIM
PRIM
SRE
SRE
Revenue
$1.9B
$3.3B
Net Profit
$51.7M
$352.0M
Gross Margin
9.4%
Operating Margin
4.2%
7.2%
Net Margin
2.8%
10.7%
Revenue YoY
6.7%
6.9%
Net Profit YoY
-4.2%
-47.9%
EPS (diluted)
$0.94
$0.53

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.

Revenue
PRIM
PRIM
SRE
SRE
Q4 25
$1.9B
$3.3B
Q3 25
$2.2B
$2.8B
Q2 25
$1.9B
$2.7B
Q1 25
$1.6B
$3.7B
Q4 24
$1.7B
$3.1B
Q3 24
$1.6B
$2.6B
Q2 24
$1.6B
$2.5B
Q1 24
$1.4B
$3.7B
Net Profit
PRIM
PRIM
SRE
SRE
Q4 25
$51.7M
$352.0M
Q3 25
$94.6M
$95.0M
Q2 25
$84.3M
$473.0M
Q1 25
$44.2M
$917.0M
Q4 24
$54.0M
$676.0M
Q3 24
$58.4M
$649.0M
Q2 24
$49.5M
$725.0M
Q1 24
$18.9M
$812.0M
Gross Margin
PRIM
PRIM
SRE
SRE
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%
Operating Margin
PRIM
PRIM
SRE
SRE
Q4 25
4.2%
7.2%
Q3 25
6.3%
10.6%
Q2 25
6.7%
17.3%
Q1 25
4.3%
21.5%
Q4 24
5.0%
35.0%
Q3 24
6.0%
12.9%
Q2 24
5.5%
18.8%
Q1 24
3.1%
22.7%
Net Margin
PRIM
PRIM
SRE
SRE
Q4 25
2.8%
10.7%
Q3 25
4.3%
3.4%
Q2 25
4.5%
17.5%
Q1 25
2.7%
24.9%
Q4 24
3.1%
22.0%
Q3 24
3.5%
25.3%
Q2 24
3.2%
29.2%
Q1 24
1.3%
22.0%
EPS (diluted)
PRIM
PRIM
SRE
SRE
Q4 25
$0.94
$0.53
Q3 25
$1.73
$0.12
Q2 25
$1.54
$0.71
Q1 25
$0.81
$1.39
Q4 24
$0.98
$1.04
Q3 24
$1.07
$1.00
Q2 24
$0.91
$1.12
Q1 24
$0.35
$1.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRIM
PRIM
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$535.5M
$29.0M
Total DebtLower is stronger
$469.9M
$29.0B
Stockholders' EquityBook value
$1.7B
$31.6B
Total Assets
$4.4B
$110.9B
Debt / EquityLower = less leverage
0.28×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRIM
PRIM
SRE
SRE
Q4 25
$535.5M
$29.0M
Q3 25
$431.4M
$5.0M
Q2 25
$390.3M
$155.0M
Q1 25
$351.6M
$1.7B
Q4 24
$455.8M
$1.6B
Q3 24
$352.7M
$560.0M
Q2 24
$207.4M
$228.0M
Q1 24
$177.6M
$606.0M
Total Debt
PRIM
PRIM
SRE
SRE
Q4 25
$469.9M
$29.0B
Q3 25
$486.0M
$29.0B
Q2 25
$603.1M
$34.9B
Q1 25
$612.0M
$33.3B
Q4 24
$734.8M
$31.6B
Q3 24
$903.7M
$31.0B
Q2 24
$933.0M
$29.0B
Q1 24
$951.7M
$29.5B
Stockholders' Equity
PRIM
PRIM
SRE
SRE
Q4 25
$1.7B
$31.6B
Q3 25
$1.6B
$31.2B
Q2 25
$1.5B
$31.7B
Q1 25
$1.4B
$31.6B
Q4 24
$1.4B
$31.2B
Q3 24
$1.4B
$29.7B
Q2 24
$1.3B
$29.5B
Q1 24
$1.2B
$29.1B
Total Assets
PRIM
PRIM
SRE
SRE
Q4 25
$4.4B
$110.9B
Q3 25
$4.6B
$106.9B
Q2 25
$4.5B
$99.9B
Q1 25
$4.2B
$99.0B
Q4 24
$4.2B
$96.2B
Q3 24
$4.2B
$93.7B
Q2 24
$4.0B
$90.5B
Q1 24
$4.0B
$89.6B
Debt / Equity
PRIM
PRIM
SRE
SRE
Q4 25
0.28×
0.92×
Q3 25
0.30×
0.93×
Q2 25
0.39×
1.10×
Q1 25
0.42×
1.05×
Q4 24
0.52×
1.01×
Q3 24
0.67×
1.04×
Q2 24
0.72×
0.98×
Q1 24
0.76×
1.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRIM
PRIM
SRE
SRE
Operating Cash FlowLast quarter
$142.9M
$1.2B
Free Cash FlowOCF − Capex
$121.1M
$-2.2B
FCF MarginFCF / Revenue
6.5%
-67.7%
Capex IntensityCapex / Revenue
1.2%
104.0%
Cash ConversionOCF / Net Profit
2.76×
3.38×
TTM Free Cash FlowTrailing 4 quarters
$340.5M
$-6.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRIM
PRIM
SRE
SRE
Q4 25
$142.9M
$1.2B
Q3 25
$182.9M
$1.1B
Q2 25
$78.5M
$784.0M
Q1 25
$66.2M
$1.5B
Q4 24
$298.3M
$1.4B
Q3 24
$222.5M
$1.0B
Q2 24
$16.1M
$669.0M
Q1 24
$-28.5M
$1.9B
Free Cash Flow
PRIM
PRIM
SRE
SRE
Q4 25
$121.1M
$-2.2B
Q3 25
$148.4M
$-1.5B
Q2 25
$45.3M
$-1.5B
Q1 25
$25.6M
$-854.0M
Q4 24
$270.0M
$-1.1B
Q3 24
$158.8M
$-913.0M
Q2 24
$-8.1M
$-1.2B
Q1 24
$-38.9M
$-82.0M
FCF Margin
PRIM
PRIM
SRE
SRE
Q4 25
6.5%
-67.7%
Q3 25
6.8%
-52.6%
Q2 25
2.4%
-56.3%
Q1 25
1.6%
-23.2%
Q4 24
15.5%
-35.4%
Q3 24
9.6%
-35.5%
Q2 24
-0.5%
-49.4%
Q1 24
-2.8%
-2.2%
Capex Intensity
PRIM
PRIM
SRE
SRE
Q4 25
1.2%
104.0%
Q3 25
1.6%
92.9%
Q2 25
1.8%
85.3%
Q1 25
2.5%
63.5%
Q4 24
1.6%
79.9%
Q3 24
3.9%
75.3%
Q2 24
1.5%
76.4%
Q1 24
0.7%
52.3%
Cash Conversion
PRIM
PRIM
SRE
SRE
Q4 25
2.76×
3.38×
Q3 25
1.93×
11.68×
Q2 25
0.93×
1.66×
Q1 25
1.50×
1.62×
Q4 24
5.53×
2.02×
Q3 24
3.81×
1.57×
Q2 24
0.32×
0.92×
Q1 24
-1.50×
2.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

SRE
SRE

Segment breakdown not available.

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