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

Seagate Technology is the larger business by last-quarter revenue ($3.1B vs $1.9B, roughly 1.7× Primoris Services Corp). Seagate Technology runs the higher net margin — 24.0% vs 2.8%, a 21.3% gap on every dollar of revenue. On growth, Seagate Technology posted the faster year-over-year revenue change (44.1% vs 6.7%). Seagate Technology produced more free cash flow last quarter ($953.0M vs $121.1M). Over the past eight quarters, Seagate Technology's revenue compounded faster (19.8% CAGR vs 14.7%).

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.

Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.

PRIM vs STX — Head-to-Head

Bigger by revenue
STX
STX
1.7× larger
STX
$3.1B
$1.9B
PRIM
Growing faster (revenue YoY)
STX
STX
+37.4% gap
STX
44.1%
6.7%
PRIM
Higher net margin
STX
STX
21.3% more per $
STX
24.0%
2.8%
PRIM
More free cash flow
STX
STX
$831.9M more FCF
STX
$953.0M
$121.1M
PRIM
Faster 2-yr revenue CAGR
STX
STX
Annualised
STX
19.8%
14.7%
PRIM

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
PRIM
PRIM
STX
STX
Revenue
$1.9B
$3.1B
Net Profit
$51.7M
$748.0M
Gross Margin
9.4%
46.5%
Operating Margin
4.2%
32.1%
Net Margin
2.8%
24.0%
Revenue YoY
6.7%
44.1%
Net Profit YoY
-4.2%
120.0%
EPS (diluted)
$0.94
$3.27

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
STX
STX
Q3 26
$3.1B
Q1 26
$2.8B
Q4 25
$1.9B
$2.6B
Q3 25
$2.2B
Q2 25
$1.9B
$2.4B
Q1 25
$1.6B
$2.2B
Q4 24
$1.7B
$2.3B
Q3 24
$1.6B
$2.2B
Net Profit
PRIM
PRIM
STX
STX
Q3 26
$748.0M
Q1 26
$593.0M
Q4 25
$51.7M
$549.0M
Q3 25
$94.6M
Q2 25
$84.3M
$488.0M
Q1 25
$44.2M
$340.0M
Q4 24
$54.0M
$336.0M
Q3 24
$58.4M
$305.0M
Gross Margin
PRIM
PRIM
STX
STX
Q3 26
46.5%
Q1 26
41.6%
Q4 25
9.4%
39.4%
Q3 25
10.8%
Q2 25
12.3%
37.4%
Q1 25
10.4%
35.2%
Q4 24
10.6%
34.9%
Q3 24
12.0%
32.9%
Operating Margin
PRIM
PRIM
STX
STX
Q3 26
32.1%
Q1 26
29.8%
Q4 25
4.2%
26.4%
Q3 25
6.3%
Q2 25
6.7%
23.2%
Q1 25
4.3%
20.0%
Q4 24
5.0%
21.0%
Q3 24
6.0%
18.6%
Net Margin
PRIM
PRIM
STX
STX
Q3 26
24.0%
Q1 26
21.0%
Q4 25
2.8%
20.9%
Q3 25
4.3%
Q2 25
4.5%
20.0%
Q1 25
2.7%
15.7%
Q4 24
3.1%
14.5%
Q3 24
3.5%
14.1%
EPS (diluted)
PRIM
PRIM
STX
STX
Q3 26
$3.27
Q1 26
$2.60
Q4 25
$0.94
$2.43
Q3 25
$1.73
Q2 25
$1.54
$2.24
Q1 25
$0.81
$1.57
Q4 24
$0.98
$1.55
Q3 24
$1.07
$1.41

Balance Sheet & Financial Strength

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

Metric
PRIM
PRIM
STX
STX
Cash + ST InvestmentsLiquidity on hand
$535.5M
$1.1B
Total DebtLower is stronger
$469.9M
$3.9B
Stockholders' EquityBook value
$1.7B
Total Assets
$4.4B
$8.9B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRIM
PRIM
STX
STX
Q3 26
$1.1B
Q1 26
$1.0B
Q4 25
$535.5M
$1.1B
Q3 25
$431.4M
Q2 25
$390.3M
$891.0M
Q1 25
$351.6M
$814.0M
Q4 24
$455.8M
$1.2B
Q3 24
$352.7M
$1.2B
Total Debt
PRIM
PRIM
STX
STX
Q3 26
$3.9B
Q1 26
Q4 25
$469.9M
Q3 25
$486.0M
Q2 25
$603.1M
Q1 25
$612.0M
Q4 24
$734.8M
Q3 24
$903.7M
Stockholders' Equity
PRIM
PRIM
STX
STX
Q3 26
Q1 26
$459.0M
Q4 25
$1.7B
$-63.0M
Q3 25
$1.6B
Q2 25
$1.5B
$-453.0M
Q1 25
$1.4B
$-829.0M
Q4 24
$1.4B
$-1.1B
Q3 24
$1.4B
$-1.3B
Total Assets
PRIM
PRIM
STX
STX
Q3 26
$8.9B
Q1 26
$8.7B
Q4 25
$4.4B
$8.4B
Q3 25
$4.6B
Q2 25
$4.5B
$8.0B
Q1 25
$4.2B
$7.6B
Q4 24
$4.2B
$8.0B
Q3 24
$4.2B
$8.0B
Debt / Equity
PRIM
PRIM
STX
STX
Q3 26
Q1 26
Q4 25
0.28×
Q3 25
0.30×
Q2 25
0.39×
Q1 25
0.42×
Q4 24
0.52×
Q3 24
0.67×

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
STX
STX
Operating Cash FlowLast quarter
$142.9M
$2.4B
Free Cash FlowOCF − Capex
$121.1M
$953.0M
FCF MarginFCF / Revenue
6.5%
30.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.76×
3.17×
TTM Free Cash FlowTrailing 4 quarters
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRIM
PRIM
STX
STX
Q3 26
$2.4B
Q1 26
Q4 25
$142.9M
$532.0M
Q3 25
$182.9M
Q2 25
$78.5M
$508.0M
Q1 25
$66.2M
$259.0M
Q4 24
$298.3M
$221.0M
Q3 24
$222.5M
$95.0M
Free Cash Flow
PRIM
PRIM
STX
STX
Q3 26
$953.0M
Q1 26
Q4 25
$121.1M
$427.0M
Q3 25
$148.4M
Q2 25
$45.3M
$425.0M
Q1 25
$25.6M
$216.0M
Q4 24
$270.0M
$150.0M
Q3 24
$158.8M
$27.0M
FCF Margin
PRIM
PRIM
STX
STX
Q3 26
30.6%
Q1 26
Q4 25
6.5%
16.2%
Q3 25
6.8%
Q2 25
2.4%
17.4%
Q1 25
1.6%
10.0%
Q4 24
15.5%
6.5%
Q3 24
9.6%
1.2%
Capex Intensity
PRIM
PRIM
STX
STX
Q3 26
Q1 26
Q4 25
1.2%
4.0%
Q3 25
1.6%
Q2 25
1.8%
3.4%
Q1 25
2.5%
2.0%
Q4 24
1.6%
3.1%
Q3 24
3.9%
3.1%
Cash Conversion
PRIM
PRIM
STX
STX
Q3 26
3.17×
Q1 26
Q4 25
2.76×
0.97×
Q3 25
1.93×
Q2 25
0.93×
1.04×
Q1 25
1.50×
0.76×
Q4 24
5.53×
0.66×
Q3 24
3.81×
0.31×

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%

STX
STX

Segment breakdown not available.

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