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Side-by-side financial comparison of Primoris Services Corp (PRIM) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $1.9B, roughly 1.4× Primoris Services Corp). Vertiv Holdings Co runs the higher net margin — 14.7% vs 2.8%, a 11.9% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 6.7%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $121.1M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
PRIM vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.6B |
| Net Profit | $51.7M | $390.1M |
| Gross Margin | 9.4% | 37.7% |
| Operating Margin | 4.2% | — |
| Net Margin | 2.8% | 14.7% |
| Revenue YoY | 6.7% | 30.1% |
| Net Profit YoY | -4.2% | 137.1% |
| EPS (diluted) | $0.94 | $0.99 |
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 | — | $2.6B | ||
| Q4 25 | $1.9B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $51.7M | $445.6M | ||
| Q3 25 | $94.6M | $398.5M | ||
| Q2 25 | $84.3M | $324.2M | ||
| Q1 25 | $44.2M | $164.5M | ||
| Q4 24 | $54.0M | $147.0M | ||
| Q3 24 | $58.4M | $176.6M | ||
| Q2 24 | $49.5M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 9.4% | 38.9% | ||
| Q3 25 | 10.8% | 37.8% | ||
| Q2 25 | 12.3% | 34.0% | ||
| Q1 25 | 10.4% | 33.7% | ||
| Q4 24 | 10.6% | 37.1% | ||
| Q3 24 | 12.0% | 36.5% | ||
| Q2 24 | 11.9% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 20.1% | ||
| Q3 25 | 6.3% | 19.3% | ||
| Q2 25 | 6.7% | 16.8% | ||
| Q1 25 | 4.3% | 14.3% | ||
| Q4 24 | 5.0% | 19.5% | ||
| Q3 24 | 6.0% | 17.9% | ||
| Q2 24 | 5.5% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 2.8% | 15.5% | ||
| Q3 25 | 4.3% | 14.9% | ||
| Q2 25 | 4.5% | 12.3% | ||
| Q1 25 | 2.7% | 8.1% | ||
| Q4 24 | 3.1% | 6.3% | ||
| Q3 24 | 3.5% | 8.5% | ||
| Q2 24 | 3.2% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.94 | $1.14 | ||
| Q3 25 | $1.73 | $1.02 | ||
| Q2 25 | $1.54 | $0.83 | ||
| Q1 25 | $0.81 | $0.42 | ||
| Q4 24 | $0.98 | $0.38 | ||
| Q3 24 | $1.07 | $0.46 | ||
| Q2 24 | $0.91 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $469.9M | $0 |
| Stockholders' EquityBook value | $1.7B | $4.2B |
| Total Assets | $4.4B | $13.4B |
| Debt / EquityLower = less leverage | 0.28× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $535.5M | $1.7B | ||
| Q3 25 | $431.4M | $1.4B | ||
| Q2 25 | $390.3M | $1.6B | ||
| Q1 25 | $351.6M | $1.5B | ||
| Q4 24 | $455.8M | $1.2B | ||
| Q3 24 | $352.7M | $908.7M | ||
| Q2 24 | $207.4M | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $469.9M | $2.9B | ||
| Q3 25 | $486.0M | $2.9B | ||
| Q2 25 | $603.1M | $2.9B | ||
| Q1 25 | $612.0M | $2.9B | ||
| Q4 24 | $734.8M | $2.9B | ||
| Q3 24 | $903.7M | $2.9B | ||
| Q2 24 | $933.0M | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.6B | $3.5B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.3B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $4.4B | $12.2B | ||
| Q3 25 | $4.6B | $10.8B | ||
| Q2 25 | $4.5B | $10.4B | ||
| Q1 25 | $4.2B | $9.5B | ||
| Q4 24 | $4.2B | $9.1B | ||
| Q3 24 | $4.2B | $8.9B | ||
| Q2 24 | $4.0B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.28× | 0.74× | ||
| Q3 25 | 0.30× | 0.83× | ||
| Q2 25 | 0.39× | 0.93× | ||
| Q1 25 | 0.42× | 1.10× | ||
| Q4 24 | 0.52× | 1.20× | ||
| Q3 24 | 0.67× | 1.62× | ||
| Q2 24 | 0.72× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $121.1M | $652.8M |
| FCF MarginFCF / Revenue | 6.5% | 24.6% |
| Capex IntensityCapex / Revenue | 1.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $340.5M | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $142.9M | $978.9M | ||
| Q3 25 | $182.9M | $508.7M | ||
| Q2 25 | $78.5M | $322.9M | ||
| Q1 25 | $66.2M | $303.3M | ||
| Q4 24 | $298.3M | $425.2M | ||
| Q3 24 | $222.5M | $378.2M | ||
| Q2 24 | $16.1M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $121.1M | $885.6M | ||
| Q3 25 | $148.4M | $463.5M | ||
| Q2 25 | $45.3M | $277.9M | ||
| Q1 25 | $25.6M | $266.8M | ||
| Q4 24 | $270.0M | $364.5M | ||
| Q3 24 | $158.8M | $341.8M | ||
| Q2 24 | $-8.1M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 6.5% | 30.8% | ||
| Q3 25 | 6.8% | 17.3% | ||
| Q2 25 | 2.4% | 10.5% | ||
| Q1 25 | 1.6% | 13.1% | ||
| Q4 24 | 15.5% | 15.5% | ||
| Q3 24 | 9.6% | 16.5% | ||
| Q2 24 | -0.5% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.2% | 3.2% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.5% | 1.8% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 3.9% | 1.8% | ||
| Q2 24 | 1.5% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | 2.20× | ||
| Q3 25 | 1.93× | 1.28× | ||
| Q2 25 | 0.93× | 1.00× | ||
| Q1 25 | 1.50× | 1.84× | ||
| Q4 24 | 5.53× | 2.89× | ||
| Q3 24 | 3.81× | 2.14× | ||
| Q2 24 | 0.32× | 2.12× |
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% |
VRT
Segment breakdown not available.
