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Stock research / United States / PRIM · Water, Sewer, Pipeline, Comm & Power Line Construction · NYSE

Primoris Services Corp. (PRIM)

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Primoris Services Corp. (PRIM) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 30 June 2026, down 10.7% on the same quarter a year earlier. Net income was -$24 million, and diluted earnings per share $-0.45. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.7 billiondown 10.7%
Net income-$24 million
Diluted EPS$-0.45
QuarterQ2 FY2026ended 30 June 2026

Primoris Services (PRIM) in brief

Primoris Services (PRIM) reported revenue of $7.6 billion for fiscal 2025, the year ended 31 December 2025, up 19.0% on the year before.
Read moreNet income was $275 million and diluted earnings per share $5.02. Revenue was $6.4 billion in fiscal 2024, $5.7 billion in fiscal 2023, $4.4 billion in fiscal 2022 and $3.5 billion in fiscal 2021. Net income in the same years was $181 million, $126 million, $133 million and $116 million. Over the twelve months to 30 June 2026, Primoris Services reported revenue of $7.3 billion and net income of $140 million. Revenue grew 16.8% a year, compounded, over the five years to fiscal 2025. Primoris Services declared $0.32 a share in dividends over the last four quarters and had 54 million shares outstanding at the latest filed count. At 30 June 2026 it carried $797 million of debt and $218 million of cash. At the close of 9 October 2026 the market cap of Primoris Services was $4.5 billion, 32.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.7%
ROCE8.8%
Operating margin2.9%
Net margin1.9%
FCF margin1.2%
Interest covern/a
Debt to equity0.50
Cash conversion1.39
Share count, 1 year-0.3%
Sales CAGR, 3 years19.7%
Profit CAGR, 3 years27.4%
EPS, TTM$2.55

At the close of 9 October 2026

Price$83.61
Market cap$4.5 billion
Stock P/E32.79
Price to book2.80
EV / EBITDA16.15
Dividend yield0.4%
Market cap / sales0.62
52-week high$202.92
52-week low$71.11
Price, 1 year-39.2%
Price CAGR, 3 years38.8%
Price CAGR, 5 years26.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Primoris Services Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PRIMgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PRIM

Filings15 in twelve months: 9 current reports (8-K), about 7 results of operations; 6 other events; 4 officer or director change; 1 regulation FD disclosure; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $10.9 million; latest 3 June 2026
Options tapeput/call 0.33 by open interest at the 9 October 2026 close; the straddle prices a 7.5% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Millennium Management; 9 Schedule 13D or 13G filings in twelve months
Insider trading13 sales and 4 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest5.0 million shares short, 3.69 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 7 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Revenue1,5291,5161,4131,5641,6491,7411,6481,8912,1781,8581,5601,688
Cost of revenue1,3561,3591,2791,3771,4511,5571,4771,6591,9431,6831,4251,606
Gross profit17415713318719918517123223617513582.4
Gross margin11%10%9%12%12%11%10%12%11%9%9%5%
SG&A84.480.788.610098.196.599.510597.797.5106106
Operating income88.474.844.286.199.587.670.412713777.524.4-26.8
Operating margin6%5%3%6%6%5%4%7%6%4%2%-2%
Pre-tax income67.853.026.769.882.376.262.311913171.919.9-36.6
Tax rate29%29%29%29%29%29%29%29%28%28%13%n/a
Net income48.137.718.949.558.454.044.284.394.651.817.4-24.2
Net margin3%2%1%3%4%3%3%4%4%3%1%-1%
Diluted EPS$0.89$0.69$0.35$0.91$1.07$0.99$0.81$1.54$1.73$0.95$0.32-$0.45
Operating cash flow73.7206-28.516.122229866.278.5183143-123-8.7
Capital expenditure40.120.510.424.263.728.240.633.134.521.727.822.5
Free cash flow33.6185-38.9-8.115927025.645.3148121-150-31.2
Dividends paid3.23.23.23.23.23.24.34.34.34.44.34.4
Shares outstanding53m53m54m54m54m54m54m54m54m54m54m54m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue1,9972,3802,9393,1063,4913,4984,4215,7156,3677,5757,284
Cost of revenue1,7962,1022,6142,7753,1213,0813,9645,1285,6646,7626,656
Gross profit201278326331370417457587703813628
Gross margin10.1%11.7%11.1%10.7%10.6%11.9%10.3%10.3%11.0%10.7%8.6%
Selling, general and administrative140170182189203230282329383399407
Operating income57.7106130141164170195253317412212
Operating margin2.9%4.5%4.4%4.5%4.7%4.9%4.4%4.4%5.0%5.4%2.9%
Interest expense8.98.118.720.120.3n/an/an/an/an/an/a
Pre-tax income48.9105113118146152159178255384186
Income tax21.128.425.833.840.736.126.351.574.010946.7
Effective tax rate43.3%27.0%22.7%28.7%27.9%23.8%16.5%29.0%29.0%28.4%25.1%
Net income26.772.477.582.3105116133126181275140
Net margin1.3%3.0%2.6%2.7%3.0%3.3%3.0%2.2%2.8%3.6%1.9%
Diluted EPS$0.51$1.40$1.50$1.61$2.16$2.17$2.47$2.33$3.31$5.02$2.55
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023Share
latest year
Energy3,34658.1%
Utilities2,41041.9%
EnergyUtilities
5,756FY2023

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow62.618912711931379.783.3199508470194
Capital expenditure58.079.811094.564.413494.7103127130106
Free cash flow4.510916.624.5249-54.1-11.395.538234088.0
Free cash flow margin0.2%4.6%0.6%0.8%7.1%-1.5%-0.3%1.7%6.0%4.5%1.2%
Cash from investing-59.4-131-209-65.9-42.5-691-482-30.0-27.2-93.9-466
Cash from financing-28.5-22.963.9-83.3-62.8486452-205-244-296100
Depreciation and amortisation68.066.379.285.482.510699.210795.591.9103
Share-based compensation1.61.11.31.62.310.57.411.815.120.621.0
Buybacks5.05.020.0n/a11.514.76.0n/an/an/an/a
Dividends paid11.411.312.312.211.612.612.812.812.917.317.4
Dividend per share$0.22$0.23$0.24$0.24$0.24$0.24$0.24$0.24$0.26$0.32n/a
Diluted shares, weighted52m52m52m51m49m53m54m54m55m55m54m
Shares outstanding at period end52m51m51m49m48m53m53m53m54m54m54m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity4995626076307159901,1091,2361,4101,6811,606
Non-controlling interestn/an/an/a1.00.0n/an/an/an/an/an/a
Debt2622593683513176611,143958735470797
Operating lease liabilitiesn/an/an/a17113898.1131263333326314
Other liabilities4114356196778007941,1611,3701,7181,9311,921
Total liabilities and equity1,1711,2561,5941,8301,9702,5433,5443,8274,1964,4084,639
Owned
Fixed assets277312376376356433494476488531543
Goodwill1271532062062155828728588578571,052
Intangible assets32.844.881.269.861.0171249228208190375
Investments0.0n/an/an/an/an/an/an/an/an/an/a
Cash and equivalents136170151120327201249218456536218
Receivables388292373405432472663112834723839
Inventory49.240.9n/an/an/an/an/an/an/an/an/a
Other assets1602434076535786851,0171,9361,3531,5711,612
Total assets1,1711,2561,5941,8301,9702,5433,5443,8274,1964,4084,639
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a16.8%19.7%5.1%
Profit growth, compoundedn/a21.2%27.4%-42.1%
Return on equity, average12.2%12.6%13.1%16.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Primoris Services' revenue in fiscal 2025?

Primoris Services (PRIM) reported revenue of $7.6 billion for fiscal 2025, the year ended 31 December 2025, up 19.0% on the year before.

How much did Primoris Services earn in fiscal 2025?

Net income was $275 million for fiscal 2025, and diluted earnings per share $5.02.

What is Primoris Services' P/E ratio?

At the close of 9 October 2026, Primoris Services traded at 32.8 times its earnings over the twelve months to 30 June 2026.

What is Primoris Services' market cap?

The market cap of Primoris Services was $4.5 billion at the close of 9 October 2026.

Does Primoris Services pay a dividend?

Yes. Primoris Services declared $0.32 a share in dividends over the four quarters to 30 June 2026.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mastec Inc. MTZ$17.1 billion33.9014.2%n/a23.5%0.74n/a
Dycom Industries Inc. DY$8.1 billion24.5016.0%7.8%37.8%1.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
All 31 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$106.0 billion80.8313.8%6.2%26.3%0.560.1%
Comfort Systems USA Inc. FIX$60.4 billion42.2044.6%16.5%46.1%0.020.1%
D.R. Horton, Inc. DHI$37.9 billion12.8312.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.9 billion24.5635.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.0 billion11.4514.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.2 billion14.496.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.1 billion33.9014.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.3 billion49.5210.4%4.6%20.1%1.101.0%
Sterling Infrastructure, Inc. STRL$15.7 billion36.9831.8%17.5%60.8%0.20n/a
NVR Inc. NVR$15.7 billion15.3033.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$12.3 billion10.6914.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.1 billion24.5016.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4032.1%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
3 companies share its SEC industry code (Water, Sewer, Pipeline, Comm & Power Line Construction); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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