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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Teradyne (TER). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.3B, roughly 1.4× Teradyne). Teradyne runs the higher net margin — 31.1% vs 2.8%, a 28.3% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (86.9% vs 6.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
PRIM vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $51.7M | $398.9M |
| Gross Margin | 9.4% | 60.9% |
| Operating Margin | 4.2% | 36.9% |
| Net Margin | 2.8% | 31.1% |
| Revenue YoY | 6.7% | 86.9% |
| Net Profit YoY | -4.2% | 55.1% |
| EPS (diluted) | $0.94 | $2.53 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.2B | $769.2M | ||
| Q2 25 | $1.9B | $651.8M | ||
| Q1 25 | $1.6B | $685.7M | ||
| Q4 24 | $1.7B | $752.9M | ||
| Q3 24 | $1.6B | $737.3M | ||
| Q2 24 | $1.6B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $51.7M | $257.2M | ||
| Q3 25 | $94.6M | $119.6M | ||
| Q2 25 | $84.3M | $78.4M | ||
| Q1 25 | $44.2M | $98.9M | ||
| Q4 24 | $54.0M | $146.3M | ||
| Q3 24 | $58.4M | $145.6M | ||
| Q2 24 | $49.5M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | 9.4% | 57.2% | ||
| Q3 25 | 10.8% | 58.4% | ||
| Q2 25 | 12.3% | 57.2% | ||
| Q1 25 | 10.4% | 60.6% | ||
| Q4 24 | 10.6% | 59.4% | ||
| Q3 24 | 12.0% | 59.2% | ||
| Q2 24 | 11.9% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 4.2% | 27.1% | ||
| Q3 25 | 6.3% | 18.9% | ||
| Q2 25 | 6.7% | 13.9% | ||
| Q1 25 | 4.3% | 17.6% | ||
| Q4 24 | 5.0% | 20.4% | ||
| Q3 24 | 6.0% | 20.6% | ||
| Q2 24 | 5.5% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 2.8% | 23.7% | ||
| Q3 25 | 4.3% | 15.5% | ||
| Q2 25 | 4.5% | 12.0% | ||
| Q1 25 | 2.7% | 14.4% | ||
| Q4 24 | 3.1% | 19.4% | ||
| Q3 24 | 3.5% | 19.8% | ||
| Q2 24 | 3.2% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $0.94 | $1.62 | ||
| Q3 25 | $1.73 | $0.75 | ||
| Q2 25 | $1.54 | $0.49 | ||
| Q1 25 | $0.81 | $0.61 | ||
| Q4 24 | $0.98 | $0.89 | ||
| Q3 24 | $1.07 | $0.89 | ||
| Q2 24 | $0.91 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $469.9M | $0 |
| Stockholders' EquityBook value | $1.7B | — |
| Total Assets | $4.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $535.5M | $293.8M | ||
| Q3 25 | $431.4M | $272.7M | ||
| Q2 25 | $390.3M | $339.3M | ||
| Q1 25 | $351.6M | $475.6M | ||
| Q4 24 | $455.8M | $553.4M | ||
| Q3 24 | $352.7M | $510.0M | ||
| Q2 24 | $207.4M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | $469.9M | — | ||
| Q3 25 | $486.0M | — | ||
| Q2 25 | $603.1M | — | ||
| Q1 25 | $612.0M | — | ||
| Q4 24 | $734.8M | — | ||
| Q3 24 | $903.7M | — | ||
| Q2 24 | $933.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.8B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.3B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.4B | $4.2B | ||
| Q3 25 | $4.6B | $4.0B | ||
| Q2 25 | $4.5B | $3.8B | ||
| Q1 25 | $4.2B | $3.7B | ||
| Q4 24 | $4.2B | $3.7B | ||
| Q3 24 | $4.2B | $3.8B | ||
| Q2 24 | $4.0B | $3.6B |
| 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× | — | ||
| Q2 24 | 0.72× | — |
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 | $265.1M |
| Free Cash FlowOCF − Capex | $121.1M | — |
| FCF MarginFCF / Revenue | 6.5% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.76× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $142.9M | $281.6M | ||
| Q3 25 | $182.9M | $49.0M | ||
| Q2 25 | $78.5M | $182.1M | ||
| Q1 25 | $66.2M | $161.6M | ||
| Q4 24 | $298.3M | $282.6M | ||
| Q3 24 | $222.5M | $166.3M | ||
| Q2 24 | $16.1M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $121.1M | $218.8M | ||
| Q3 25 | $148.4M | $2.4M | ||
| Q2 25 | $45.3M | $131.7M | ||
| Q1 25 | $25.6M | $97.6M | ||
| Q4 24 | $270.0M | $225.2M | ||
| Q3 24 | $158.8M | $114.4M | ||
| Q2 24 | $-8.1M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 20.2% | ||
| Q3 25 | 6.8% | 0.3% | ||
| Q2 25 | 2.4% | 20.2% | ||
| Q1 25 | 1.6% | 14.2% | ||
| Q4 24 | 15.5% | 29.9% | ||
| Q3 24 | 9.6% | 15.5% | ||
| Q2 24 | -0.5% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 5.8% | ||
| Q3 25 | 1.6% | 6.1% | ||
| Q2 25 | 1.8% | 7.7% | ||
| Q1 25 | 2.5% | 9.3% | ||
| Q4 24 | 1.6% | 7.6% | ||
| Q3 24 | 3.9% | 7.0% | ||
| Q2 24 | 1.5% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 2.76× | 1.09× | ||
| Q3 25 | 1.93× | 0.41× | ||
| Q2 25 | 0.93× | 2.32× | ||
| Q1 25 | 1.50× | 1.63× | ||
| Q4 24 | 5.53× | 1.93× | ||
| Q3 24 | 3.81× | 1.14× | ||
| Q2 24 | 0.32× | 1.16× |
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% |
TER
Segment breakdown not available.
