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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Ulta Beauty is the larger business by last-quarter revenue ($2.9B vs $1.9B, roughly 1.5× Primoris Services Corp). Ulta Beauty runs the higher net margin — 8.1% vs 2.8%, a 5.3% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-81.6M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 7.2%).
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.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
PRIM vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.9B |
| Net Profit | $51.7M | $230.9M |
| Gross Margin | 9.4% | 40.4% |
| Operating Margin | 4.2% | 10.8% |
| Net Margin | 2.8% | 8.1% |
| Revenue YoY | 6.7% | 12.9% |
| Net Profit YoY | -4.2% | -4.7% |
| EPS (diluted) | $0.94 | $5.14 |
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 | $2.9B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.6B | $2.6B | ||
| Q2 24 | $1.6B | $2.7B | ||
| Q1 24 | $1.4B | $3.6B |
| Q4 25 | $51.7M | $230.9M | ||
| Q3 25 | $94.6M | $260.9M | ||
| Q2 25 | $84.3M | $305.1M | ||
| Q1 25 | $44.2M | — | ||
| Q4 24 | $54.0M | $242.2M | ||
| Q3 24 | $58.4M | $252.6M | ||
| Q2 24 | $49.5M | $313.1M | ||
| Q1 24 | $18.9M | $394.4M |
| Q4 25 | 9.4% | 40.4% | ||
| Q3 25 | 10.8% | 39.2% | ||
| Q2 25 | 12.3% | 39.1% | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.6% | 39.7% | ||
| Q3 24 | 12.0% | 38.3% | ||
| Q2 24 | 11.9% | 39.2% | ||
| Q1 24 | 9.4% | 37.7% |
| Q4 25 | 4.2% | 10.8% | ||
| Q3 25 | 6.3% | 12.4% | ||
| Q2 25 | 6.7% | 14.1% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 5.0% | 12.6% | ||
| Q3 24 | 6.0% | 12.9% | ||
| Q2 24 | 5.5% | 14.7% | ||
| Q1 24 | 3.1% | 14.5% |
| Q4 25 | 2.8% | 8.1% | ||
| Q3 25 | 4.3% | 9.4% | ||
| Q2 25 | 4.5% | 10.7% | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 3.1% | 9.6% | ||
| Q3 24 | 3.5% | 9.9% | ||
| Q2 24 | 3.2% | 11.5% | ||
| Q1 24 | 1.3% | 11.1% |
| Q4 25 | $0.94 | $5.14 | ||
| Q3 25 | $1.73 | $5.78 | ||
| Q2 25 | $1.54 | $6.70 | ||
| Q1 25 | $0.81 | — | ||
| Q4 24 | $0.98 | $5.14 | ||
| Q3 24 | $1.07 | $5.30 | ||
| Q2 24 | $0.91 | $6.47 | ||
| Q1 24 | $0.35 | $8.06 |
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 | $204.9M |
| Total DebtLower is stronger | $469.9M | — |
| Stockholders' EquityBook value | $1.7B | $2.6B |
| Total Assets | $4.4B | $7.0B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $204.9M | ||
| Q3 25 | $431.4M | $242.7M | ||
| Q2 25 | $390.3M | $454.6M | ||
| Q1 25 | $351.6M | — | ||
| Q4 24 | $455.8M | $177.8M | ||
| Q3 24 | $352.7M | $414.0M | ||
| Q2 24 | $207.4M | $524.6M | ||
| Q1 24 | $177.6M | $766.6M |
| 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 24 | $951.7M | — |
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | $4.4B | $7.0B | ||
| Q3 25 | $4.6B | $6.6B | ||
| Q2 25 | $4.5B | $6.0B | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | $6.0B | ||
| Q3 24 | $4.2B | $5.7B | ||
| Q2 24 | $4.0B | $5.6B | ||
| Q1 24 | $4.0B | $5.7B |
| 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× | — | ||
| Q1 24 | 0.76× | — |
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 | $5.6M |
| Free Cash FlowOCF − Capex | $121.1M | $-81.6M |
| FCF MarginFCF / Revenue | 6.5% | -2.9% |
| Capex IntensityCapex / Revenue | 1.2% | 3.1% |
| Cash ConversionOCF / Net Profit | 2.76× | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $5.6M | ||
| Q3 25 | $182.9M | $96.5M | ||
| Q2 25 | $78.5M | $220.0M | ||
| Q1 25 | $66.2M | — | ||
| Q4 24 | $298.3M | $-56.8M | ||
| Q3 24 | $222.5M | $199.5M | ||
| Q2 24 | $16.1M | $159.3M | ||
| Q1 24 | $-28.5M | $1.1B |
| Q4 25 | $121.1M | $-81.6M | ||
| Q3 25 | $148.4M | $19.6M | ||
| Q2 25 | $45.3M | $141.0M | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $270.0M | $-171.1M | ||
| Q3 24 | $158.8M | $104.3M | ||
| Q2 24 | $-8.1M | $68.3M | ||
| Q1 24 | $-38.9M | $994.0M |
| Q4 25 | 6.5% | -2.9% | ||
| Q3 25 | 6.8% | 0.7% | ||
| Q2 25 | 2.4% | 4.9% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 15.5% | -6.8% | ||
| Q3 24 | 9.6% | 4.1% | ||
| Q2 24 | -0.5% | 2.5% | ||
| Q1 24 | -2.8% | 28.0% |
| Q4 25 | 1.2% | 3.1% | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.6% | 4.5% | ||
| Q3 24 | 3.9% | 3.7% | ||
| Q2 24 | 1.5% | 3.3% | ||
| Q1 24 | 0.7% | 3.5% |
| Q4 25 | 2.76× | 0.02× | ||
| Q3 25 | 1.93× | 0.37× | ||
| Q2 25 | 0.93× | 0.72× | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 5.53× | -0.23× | ||
| Q3 24 | 3.81× | 0.79× | ||
| Q2 24 | 0.32× | 0.51× | ||
| Q1 24 | -1.50× | 2.84× |
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% |
ULTA
Segment breakdown not available.
