Api Group vs Primoris Services
Api Group and Primoris Services are similar in size: $7.91bn and $7.57bn of revenue in their latest fiscal years. Primoris Services grew faster (19.0% against 12.7%). Api Group kept more of each dollar of sales as profit: a net margin of 3.8% against 3.6%. Primoris Services carries less debt relative to equity (28.1% against 81.5%).
| Latest fiscal year | Api GroupAPG, 2025 | Primoris ServicesPRIM, 2025 |
|---|---|---|
| Revenue | $7.91bn | $7.57bn |
| Revenue growth | 12.7% | 19.0% |
| Net income | $302m | $275m |
| Operating margin | 7.0% | 5.4% |
| Net margin | 3.8% | 3.6% |
| Return on equity | 9.5% | 17.8% |
| Free cash flow | $663m | $341m |
| Cash | $912m | $536m |
| Total debt | $2.78bn | $473m |
| Debt to equity | 81.5% | 28.1% |
| Dividend per share | — | $0.32 |
| Dividend yield | — | 0.4% |
| Share buybacks | $75.0m | — |
| Employees | — | — |
| Market value | $19.56bn | $3.97bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 33 (Weak) | 43 (Weak) |
| Insider trades, 12 months | 3 buys, 47 sales | 5 buys, 13 sales |