Primoris Services Corporation (PRIM) vs Tutor Perini Corporation (TPC)

Primoris Services Corporation and Tutor Perini Corporation are both Engineering & Construction companies. Tutor Perini Corporation is the larger, with a market value of $4.4B against $3.9B — 1.1× the size. Primoris Services Corporation trades at the lower P/E: 28.2× against 35.6×. Tutor Perini Corporation grew revenue faster over the last twelve months: 24.7% against 5.12%. Tutor Perini Corporation has the higher net margin (2.08% vs 1.92%) and the higher return on invested capital (32.4% vs 6.07%). Across the 22 metrics below, Tutor Perini Corporation leads on 15 and Primoris Services Corporation on 7.

Valuation

Metric PRIM TPC Engineering & Construction median
P/E 28.16 35.58 28.59
P/S 0.54 0.74 1.15
P/B 2.44 3.31 3.96
Price to free cash flow 33.13 7.01 25.24
EV/EBITDA 14.31 11.49 14.87
EV/Sales 0.62 0.60 1.42
Earnings yield 3.55% 2.81% 2.47%
Free cash flow yield 3.02% 14.27% 1.91%

Profitability

Metric PRIM TPC Engineering & Construction median
Gross margin 8.62% 11.48% 18.76%
Operating margin 2.91% 4.49% 6.26%
Net margin 1.92% 2.08% 2.23%
Free cash flow margin 1.63% 10.59% 1.83%
Return on equity 8.89% 9.62% 7.90%
Return on assets 3.04% 2.42% 0.87%
Return on invested capital 6.07% 32.39% 2.52%

Growth

Metric PRIM TPC Engineering & Construction median
Revenue growth (TTM) 5.12% 24.70% 16.67%
EPS growth (last fiscal year) 51.66% 148.24% —
Revenue growth, 5-year CAGR 16.75% 0.83% 11.76%
Net income growth, 5-year CAGR 21.23% (5.79%) 0.00%

Health

Metric PRIM TPC Engineering & Construction median
Debt to equity 0.50 0.30 0.40
Current ratio 1.18 1.29 1.39
Net debt to EBITDA (0.13) (2.10) 0.38

Dividend

Metric PRIM TPC Engineering & Construction median
Dividend yield 0.66% — 0.65%
Payout ratio 0.10 0.00 0.00

Size

Metric PRIM TPC Engineering & Construction median
Market cap 3.89b 4.38b 1.31b

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