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Side-by-side financial comparison of Primoris Services Corp (PRIM) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.5× MARRIOTT VACATIONS WORLDWIDE Corp). Primoris Services Corp runs the higher net margin — 2.8% vs -35.0%, a 37.8% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -0.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-6.0M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
PRIM vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $51.7M | $-431.0M |
| Gross Margin | 9.4% | — |
| Operating Margin | 4.2% | — |
| Net Margin | 2.8% | -35.0% |
| Revenue YoY | 6.7% | -0.7% |
| Net Profit YoY | -4.2% | -962.0% |
| EPS (diluted) | $0.94 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $51.7M | $-431.0M | ||
| Q3 25 | $94.6M | $-2.0M | ||
| Q2 25 | $84.3M | $69.0M | ||
| Q1 25 | $44.2M | $56.0M | ||
| Q4 24 | $54.0M | $50.0M | ||
| Q3 24 | $58.4M | $84.0M | ||
| Q2 24 | $49.5M | $37.0M | ||
| Q1 24 | $18.9M | $47.0M |
| 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% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | 2.8% | -35.0% | ||
| Q3 25 | 4.3% | -0.2% | ||
| Q2 25 | 4.5% | 6.0% | ||
| Q1 25 | 2.7% | 5.0% | ||
| Q4 24 | 3.1% | 4.0% | ||
| Q3 24 | 3.5% | 6.9% | ||
| Q2 24 | 3.2% | 3.5% | ||
| Q1 24 | 1.3% | 4.2% |
| Q4 25 | $0.94 | $-12.00 | ||
| Q3 25 | $1.73 | $-0.07 | ||
| Q2 25 | $1.54 | $1.77 | ||
| Q1 25 | $0.81 | $1.46 | ||
| Q4 24 | $0.98 | $1.29 | ||
| Q3 24 | $1.07 | $2.12 | ||
| Q2 24 | $0.91 | $0.98 | ||
| Q1 24 | $0.35 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $469.9M | — |
| Stockholders' EquityBook value | $1.7B | $2.0B |
| Total Assets | $4.4B | $9.8B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $535.5M | $406.0M | ||
| Q3 25 | $431.4M | $474.0M | ||
| Q2 25 | $390.3M | $205.0M | ||
| Q1 25 | $351.6M | $196.0M | ||
| Q4 24 | $455.8M | $197.0M | ||
| Q3 24 | $352.7M | $197.0M | ||
| Q2 24 | $207.4M | $206.0M | ||
| Q1 24 | $177.6M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $1.6B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | $4.4B | $9.8B | ||
| Q3 25 | $4.6B | $10.1B | ||
| Q2 25 | $4.5B | $9.9B | ||
| Q1 25 | $4.2B | $9.9B | ||
| Q4 24 | $4.2B | $9.8B | ||
| Q3 24 | $4.2B | $9.7B | ||
| Q2 24 | $4.0B | $9.6B | ||
| Q1 24 | $4.0B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | $121.1M | $-6.0M |
| FCF MarginFCF / Revenue | 6.5% | -0.5% |
| Capex IntensityCapex / Revenue | 1.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.9M | $6.0M | ||
| Q3 25 | $182.9M | $62.0M | ||
| Q2 25 | $78.5M | $-48.0M | ||
| Q1 25 | $66.2M | $8.0M | ||
| Q4 24 | $298.3M | $100.0M | ||
| Q3 24 | $222.5M | $72.0M | ||
| Q2 24 | $16.1M | $30.0M | ||
| Q1 24 | $-28.5M | $3.0M |
| Q4 25 | $121.1M | $-6.0M | ||
| Q3 25 | $148.4M | $51.0M | ||
| Q2 25 | $45.3M | $-68.0M | ||
| Q1 25 | $25.6M | $-6.0M | ||
| Q4 24 | $270.0M | $86.0M | ||
| Q3 24 | $158.8M | $58.0M | ||
| Q2 24 | $-8.1M | $17.0M | ||
| Q1 24 | $-38.9M | $-13.0M |
| Q4 25 | 6.5% | -0.5% | ||
| Q3 25 | 6.8% | 4.3% | ||
| Q2 25 | 2.4% | -5.9% | ||
| Q1 25 | 1.6% | -0.5% | ||
| Q4 24 | 15.5% | 6.9% | ||
| Q3 24 | 9.6% | 4.8% | ||
| Q2 24 | -0.5% | 1.6% | ||
| Q1 24 | -2.8% | -1.2% |
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.5% | 1.3% | ||
| Q4 24 | 1.6% | 1.1% | ||
| Q3 24 | 3.9% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 0.7% | 1.4% |
| Q4 25 | 2.76× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.93× | -0.70× | ||
| Q1 25 | 1.50× | 0.14× | ||
| Q4 24 | 5.53× | 2.00× | ||
| Q3 24 | 3.81× | 0.86× | ||
| Q2 24 | 0.32× | 0.81× | ||
| Q1 24 | -1.50× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
