Exponent, Inc. (EXPO) vs Primoris Services Corporation (PRIM)

Exponent, Inc. and Primoris Services Corporation are both Engineering & Construction companies. Primoris Services Corporation is the larger, with a market value of $3.9B against $3.1B — 1.3× the size. Primoris Services Corporation trades at the lower P/E: 28.2× against 28.8×. Exponent, Inc. grew revenue faster over the last twelve months: 12.8% against 5.12%. Exponent, Inc. has the higher net margin (17.7% vs 1.92%) and the higher return on invested capital (35.9% vs 6.07%). Both pay a dividend; Exponent, Inc. yields more (1.42% vs 0.66%). Across the 23 metrics below, Exponent, Inc. leads on 14 and Primoris Services Corporation on 9.

Valuation

Metric EXPO PRIM Engineering & Construction median
P/E 28.78 28.16 28.59
P/S 4.95 0.54 1.15
P/B 10.84 2.44 3.96
Price to free cash flow 28.82 33.13 25.24
EV/EBITDA 22.22 14.31 14.87
EV/Sales 4.84 0.62 1.42
Earnings yield 3.47% 3.55% 2.47%
Free cash flow yield 3.47% 3.02% 1.91%

Profitability

Metric EXPO PRIM Engineering & Construction median
Gross margin 89.67% 8.62% 18.76%
Operating margin 20.17% 2.91% 6.26%
Net margin 17.67% 1.92% 2.23%
Free cash flow margin 17.16% 1.63% 1.83%
Return on equity 31.20% 8.89% 7.90%
Return on assets 15.83% 3.04% 0.87%
Return on invested capital 35.92% 6.07% 2.52%

Growth

Metric EXPO PRIM Engineering & Construction median
Revenue growth (TTM) 12.84% 5.12% 16.67%
EPS growth (last fiscal year) (1.90%) 51.66% —
Revenue growth, 5-year CAGR 7.79% 16.75% 11.76%
Net income growth, 5-year CAGR 5.13% 21.23% 0.00%

Health

Metric EXPO PRIM Engineering & Construction median
Debt to equity 0.00 0.50 0.40
Current ratio 1.98 1.18 1.39
Net debt to EBITDA (1.71) (0.13) 0.38

Dividend

Metric EXPO PRIM Engineering & Construction median
Dividend yield 1.42% 0.66% 0.65%
Payout ratio 0.51 0.10 0.00

Size

Metric EXPO PRIM Engineering & Construction median
Market cap 3.06b 3.89b 1.31b

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