Primoris Services Corporation (PRIM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.36	-$0.27	+25.0%	—	$1.7B	—
Q1 26	$0.84	$0.59	-29.8%	—	$1.6B	—
Q4 25	$0.99	$1.08	+9.1%	—	$1.9B	—
Q3 25	$1.35	$1.88	+39.3%	—	$2.2B	—
Q2 25	$1.08	$1.68	+55.6%	—	—	—
Q1 25	$0.66	$0.98	+48.5%	—	—	—
Q4 24	$0.75	$1.13	+50.7%	—	—	—
Q3 24	$1.03	$1.22	+18.4%	—	—	—
Q2 24	$0.86	$1.04	+20.9%	—	—	—
Q1 24	$0.26	$0.47	+80.8%	—	—	—
Q4 23	$0.76	$0.85	+11.8%	—	—	—
Q3 23	$0.78	$0.89	+14.1%	—	—	—
Q2 23	$0.54	$0.72	+33.3%	—	$1.4B	—
Q1 23	-$0.12	$0.02	+116.7%	—	$1.3B	—
Q4 22	$0.72	$0.77	+6.9%	—	$1.3B	—
Q3 22	$0.79	$0.8	+1.3%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.09	—	—	$7.6B	—
FY24	—	$3.37	—	—	$6.4B	—
FY23	—	$2.37	—	—	$5.7B	—
FY22	—	$2.5	—	—	$4.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2B	$2.4B	$2.9B	$3.1B	$3.5B	$3.5B	$4.4B	$5.7B	$6.4B	$7.6B
YoY change	+3.5%	+19.2%	+23.5%	+5.68%	+12.4%	+0.18%	+26.4%	+29.3%	+11.4%	+19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2B	2.4B	2.9B	3.1B	3.5B	3.5B	4.4B	5.7B	6.4B	7.6B
Cost of revenue	1.8B	2.1B	2.6B	2.8B	3.1B	3.1B	4B	5.1B	5.7B	6.8B
Gross profit	201.3M	278.4M	325.7M	330.9M	370.2M	416.7M	456.9M	587.5M	703.2M	813.1M
Gross margin	10.1%	11.7%	11.1%	10.7%	10.6%	11.9%	10.3%	10.3%	11%	10.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	140M	170.4M	182M	189.1M	202.8M	230.1M	281.6M	328.7M	383.4M	399.2M
Operating expenses	140M	170.4M	182M	189.1M	202.8M	230.1M	281.6M	328.7M	383.4M	399.2M
Operating income	61.3M	108.1M	143.7M	141.8M	167.4M	186.6M	175.3M	258.8M	319.9M	413.9M
Operating margin	3.07%	4.54%	4.89%	4.56%	4.79%	5.33%	3.97%	4.53%	5.02%	5.46%
Non-operating income, net	-3.6M	4.8M	-13.4M	-4.7M	-1.8M	-16.2M	23.2M	-2.9M	338K	-1.2M
Pretax income	48.9M	105.3M	113.4M	117.9M	145.6M	151.9M	159.3M	177.7M	254.9M	384M
Income tax	21.1M	28.4M	25.8M	33.8M	40.7M	36.1M	26.3M	51.5M	74M	109.1M
Net income	27.7M	76.8M	87.6M	84.1M	105M	115.7M	133M	126.1M	180.9M	274.9M
Net margin	1.39%	3.23%	2.98%	2.71%	3.01%	3.31%	3.01%	2.21%	2.84%	3.63%
EBITDA	129.1M	175.4M	223.9M	224.1M	251.1M	292.4M	276.5M	367.4M	415.5M	507.1M
EPS	0.52	1.41	1.51	1.62	2.17	2.19	2.5	2.37	3.37	5.09
Diluted EPS	0.51	1.4	1.5	1.61	2.16	2.17	2.47	2.33	3.31	5.02

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	2.2B	1.9B	1.6B	1.7B
Cost of revenue	—	—	—	—	—	—	—	—	1.9B	1.7B	1.4B	1.6B
Gross profit	—	—	—	—	—	—	—	—	235.7M	175M	134.7M	82.4M
Gross margin	—	—	—	—	—	—	—	—	10.8%	9.42%	8.64%	4.88%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	97.7M	97.5M	105.8M	106.3M
Operating expenses	—	—	—	—	—	—	—	—	97.7M	97.5M	105.8M	106.3M
Operating income	—	—	—	—	—	—	—	—	138M	77.5M	28.9M	-23.9M
Operating margin	—	—	—	—	—	—	—	—	6.34%	4.17%	1.85%	-1.42%
Non-operating income, net	—	—	—	—	—	—	—	—	1K	732K	-4.4M	-2.1M
Pretax income	—	—	—	—	—	—	—	—	131.1M	71.9M	19.9M	-36.6M
Income tax	—	—	—	—	—	—	—	—	36.4M	20.1M	2.5M	-12.4M
Net income	—	—	—	—	—	—	—	—	94.6M	51.7M	17.4M	-24.2M
Net margin	—	—	—	—	—	—	—	—	4.34%	2.78%	1.12%	-1.43%
EBITDA	116.7M	101.5M	69.2M	112.4M	123.2M	110.7M	92.6M	149.6M	162M	102.8M	52.8M	6.9M
EPS	0.9	0.71	0.35	0.92	1.09	1	0.82	1.56	1.75	0.96	0.32	-0.45
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

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.2B	1.4B	982.3M	1.1B	1.3B	1.3B	1.2B	1.8B	4.1B	6.7B	3.9B
Enterprise value	1.3B	1.5B	1.2B	1.6B	1.5B	1.9B	2.3B	2.9B	4.8B	7.1B	5B
Shares outstanding	51.8M	51.5M	51.4M	50.8M	48.3M	52.7M	53.2M	53.3M	53.6M	54M	54M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	42.5	18.2	11.2	13.4	12.7	10.9	8.77	14	22.7	24.4	28.5
P/S	0.59	0.59	0.33	0.36	0.38	0.36	0.26	0.31	0.64	0.88	0.54
P/B	2.37	2.49	1.62	1.79	1.87	1.28	1.05	1.43	2.91	3.99	2.43
EV/EBITDA	10.1	8.48	5.36	7.17	6.11	6.44	8.19	7.81	11.6	14	15.5
EV/Sales	0.65	0.63	0.41	0.52	0.44	0.54	0.51	0.5	0.76	0.94	0.68
Earnings yield	2.35%	5.49%	8.92%	7.45%	7.87%	9.16%	11.4%	7.13%	4.41%	4.1%	3.51%
FCF yield	0.39%	7.8%	1.69%	2.16%	18.6%	-4.28%	-0.97%	5.4%	9.32%	5.08%	2.08%
PEG	—	—	—	—	—	—	—	—	—	—	-0.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	10.1%	11.7%	11.1%	10.7%	10.6%	11.9%	10.3%	10.3%	11%	10.7%	4.88%
Operating margin	3.07%	4.54%	4.89%	4.56%	4.79%	5.33%	3.97%	4.53%	5.02%	5.46%	-1.56%
Net margin	1.39%	3.23%	2.98%	2.71%	3.01%	3.31%	3.01%	2.21%	2.84%	3.63%	1.92%
ROE	5.56%	13.7%	14.4%	13.4%	14.7%	11.7%	12%	10.2%	12.8%	16.4%	8.89%
ROA	2.37%	6.12%	5.49%	4.59%	5.33%	4.55%	3.75%	3.3%	4.31%	6.24%	2.99%
ROIC	5.57%	12.1%	13.5%	9.15%	13.2%	8.83%	6.63%	7.86%	10.6%	14.1%	6.2%
Return on tangible assets	3.26%	8.94%	8.59%	6.67%	7.41%	11.2%	10.2%	7.61%	8.75%	11.9%	7.82%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.62	1.63	1.49	1.36	1.46	1.56	1.5	1.41	1.29	1.26	1.18
Quick ratio	1.52	1.54	1.49	1.36	1.46	1.56	1.5	1.41	1.29	1.26	1.18
Debt / equity	0.52	0.46	0.61	0.95	0.74	0.83	1.21	1.07	0.84	0.57	0.8
Debt / assets	0.22	0.21	0.23	0.33	0.27	0.32	0.38	0.34	0.28	0.22	0.28
Net debt / EBITDA	0.97	0.5	0.97	2.13	0.8	2.12	3.97	2.99	1.77	0.82	3.27
Interest coverage	6.48	13.9	7.05	7.16	8.31	9.21	5.06	3.27	4.9	14.4	7.52
Effective tax rate	43.3%	27%	22.7%	28.7%	27.9%	23.8%	16.5%	29%	29%	28.4%	25.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	38.6	46.2	57.2	61.2	72.3	66.4	83.1	107.2	118.7	140.3	134.6
EPS (basic)	0.52	1.41	1.51	1.62	2.17	2.19	2.5	2.37	3.37	5.09	5.09
EPS (diluted)	0.51	1.4	1.5	1.61	2.16	2.17	2.47	2.33	3.31	5.02	2.55
Book value per share	9.63	10.9	11.8	12.4	14.8	18.8	20.8	23.2	26.3	31.1	29.8
FCF per share	0.09	2.12	0.32	0.48	5.15	-1.03	-0.21	1.79	7.12	6.31	1.63
Cash per share	2.62	3.31	2.94	2.37	6.76	3.81	4.67	4.09	8.5	9.92	4.05
Capex per share	0.94	1.38	1.92	1.86	1.33	2.54	0.84	1.93	2.36	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.42%	2.99%	3.35%	3.04%	1.84%	3.83%	1.01%	1.8%	1.99%	—	—
Capex / operating cash flow	86.5%	36.1%	81%	62.9%	21.6%	106.9%	28.9%	40.6%	26.1%	—	—
Payout ratio	41.1%	14.7%	14.1%	14.5%	11%	10.9%	9.61%	10.1%	7.11%	6.29%	12.6%
Dividend yield	0.97%	0.81%	1.26%	1.08%	0.87%	0.99%	1.09%	0.72%	0.31%	0.26%	0.45%

Yield

0.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.08

ex-dividend Jun 30, 2026

Payout ratio

13%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.08
Mar 31, 2026	$0.08
Dec 31, 2025	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$2.2B	$1.9B	$1.6B	$1.7B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	135.8M	170.4M	151.1M	120.3M	326.7M	200.5M	248.7M	217.8M	455.8M	535.5M
Receivables	340.9M	291.6M	372.7M	486.3M	548.3M	596.6M	837.3M	887.8M	1.1B	1B
Inventory	49.2M	40.9M	—	—	—	—	—	—	—	—
Total current assets	731.1M	743.2M	924.4M	912.7M	1.1B	1.2B	1.7B	1.9B	2.2B	2.3B
Property, plant & equipment	277.3M	311.8M	375.9M	618.3M	563.5M	591.9M	696.7M	836.4M	949.3M	1B
Goodwill & intangibles	320.1M	396.3M	574.7M	569.9M	552.2M	1.5B	2.2B	2.2B	2.1B	2.1B
Total assets	1.2B	1.3B	1.6B	1.8B	2B	2.5B	3.5B	3.8B	4.2B	4.4B
Accounts payable	168.1M	140.9M	249.2M	236M	245.9M	273.5M	535M	629M	624.3M	744.3M
Short-term debt	58.4M	65.5M	62.5M	129.7M	120.8M	128.8M	150.7M	169.3M	196.7M	216.3M
Total current liabilities	449.9M	454.9M	621.8M	670.4M	764.4M	759.1M	1.1B	1.3B	1.7B	1.8B
Long-term debt	203.2M	193.4M	305.7M	466.9M	406.7M	692.3M	1.2B	1.1B	993.6M	734.6M
Total liabilities	672M	693.6M	987.2M	1.2B	1.3B	1.6B	2.4B	2.6B	2.8B	2.7B
Shareholders' equity	498.6M	562.2M	607M	629.5M	714.8M	990.1M	1.1B	1.2B	1.4B	1.7B
Total debt	261.5M	258.8M	368.2M	596.6M	527.5M	821.1M	1.3B	1.3B	1.2B	950.9M
Net debt	125.7M	88.4M	217.1M	476.3M	200.8M	620.6M	1.1B	1.1B	734.4M	415.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	160.7M	217.8M	177.6M	207.4M	352.7M	455.8M	351.6M	390.3M	431.4M	535.5M	361.5M	218.2M
Receivables	1.1B	887.8M	1B	1.1B	1.2B	1.1B	1B	1.3B	1.3B	1B	1.1B	1.1B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.9B	1.9B	2B	2.1B	2.2B	2.2B	2.2B	2.5B	2.6B	2.3B	2.1B	2.2B
Property, plant & equipment	797.5M	836.4M	856.9M	867.3M	932M	949.3M	961.5M	1B	1B	1B	1B	1B
Goodwill & intangibles	2.2B	2.2B	2.2B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.9B
Total assets	3.8B	3.8B	4B	4B	4.2B	4.2B	4.2B	4.5B	4.6B	4.4B	4.2B	4.6B
Accounts payable	500.1M	629M	632.5M	583.7M	489.1M	624.3M	795.3M	826.3M	945.6M	744.3M	646.5M	691.7M
Short-term debt	174.5M	169.3M	190.2M	196.7M	192.5M	196.7M	194.9M	215.7M	210.4M	216.3M	218.5M	212.6M
Total current liabilities	1.3B	1.3B	1.4B	1.5B	1.6B	1.7B	1.8B	2B	2.1B	1.8B	1.7B	1.8B
Long-term debt	1.2B	1.1B	1.1B	1.2B	1.2B	993.6M	864.3M	855.8M	751.4M	734.6M	709.5M	1.1B
Total liabilities	2.6B	2.6B	2.7B	2.8B	2.9B	2.8B	2.8B	3B	3B	2.7B	2.5B	3B
Shareholders' equity	1.2B	1.2B	1.2B	1.3B	1.4B	1.4B	1.4B	1.5B	1.6B	1.7B	1.7B	1.6B
Total debt	1.4B	1.3B	1.3B	1.3B	1.3B	1.2B	1.1B	1.1B	961.8M	950.9M	928M	1.3B
Net debt	1.2B	1.1B	1.2B	1.1B	994.1M	734.4M	707.6M	681.2M	530.4M	415.4M	566.5M	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	27.7M	76.8M	87.6M	84.1M	105M	115.7M	133M	126.1M	180.9M	274.9M
Depreciation & amortization	68M	66.3M	79.3M	85.4M	82.5M	105.6M	99.2M	107M	95.5M	91.9M
Stock-based compensation	1.6M	1.1M	1.3M	1.6M	2.3M	10.5M	7.4M	11.8M	15.1M	20.6M
Change in working capital	-41.6M	52.3M	-46.8M	-21.2M	108M	-107.9M	-84.7M	6.7M	189.5M	74.6M
Operating cash flow	56M	196.8M	121.6M	150.2M	298.2M	125.2M	155.2M	253.9M	485.1M	470.4M
Capital expenditure	-48.4M	-71M	-98.5M	-94.5M	-64.4M	-133.8M	-44.8M	-103M	-126.6M	—
Investing cash flow	-59.4M	-131.4M	-209.2M	-65.9M	-42.5M	-691.3M	-481.9M	-30M	-27.2M	36M
Dividends paid	-11.4M	-11.3M	-12.3M	-12.2M	-11.6M	-12.6M	-12.8M	-12.8M	-12.9M	-17.3M
Share repurchases	-5M	-5M	-20M	-50M	-11.5M	-14.7M	-6M	0	0	—
Financing cash flow	-29.9M	-24.1M	-127.6M	-296.2M	-62.8M	385.7M	363.5M	-745.5M	-244.4M	-296.3M
Net change in cash	-33.4M	41.3M	-215.1M	-211.8M	192.8M	-180.3M	36.7M	-521.6M	213.6M	210.1M
Free cash flow	4.5M	109.2M	16.6M	24.5M	248.6M	-54.1M	-11.3M	95.5M	381.8M	340.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	48.1M	37.7M	18.9M	49.5M	58.4M	54M	44.2M	84.4M	94.6M	51.7M	17.4M	-24.1M
Depreciation & amortization	26.7M	25.6M	24.6M	25.7M	22.7M	22.6M	21.4M	22.5M	23.8M	24.2M	23.8M	30.6M
Stock-based compensation	3.6M	2.9M	2.4M	4M	4M	4.8M	5M	5.5M	4.5M	5.7M	7.7M	3.2M
Change in working capital	-25.3M	212.9M	-81.6M	-84.7M	93.6M	262.2M	-6.2M	-90.8M	4.9M	166.7M	-148.6M	-6.2M
Operating cash flow	53.7M	279.6M	-33.5M	-4.9M	179.2M	344.4M	65M	78.4M	182.9M	142.9M	-122.6M	-8.7M
Capital expenditure	-40.1M	-20.5M	-10.4M	-24.2M	-63.7M	-28.2M	-40.6M	—	—	—	—	—
Investing cash flow	-16M	-4.4M	4.2M	35.1M	-40.2M	-26.3M	-33.2M	7.2M	15.4M	6M	15.1M	5.4M
Dividends paid	-3.2M	-3.2M	-3.2M	-3.2M	-3.2M	-3.2M	-4.3M	-4.3M	-4.3M	-4.4M	-4.3M	-4.4M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-459.8M	-265.3M	-15.1M	-23.4M	-34.9M	-170.3M	-137.3M	-14.5M	-122.9M	-21.7M	-38.6M	-238.6M
Net change in cash	-422.1M	10M	-44.4M	6.8M	104.1M	147.7M	-105.4M	71.1M	75.4M	127.2M	-146.1M	-241.9M
Free cash flow	33.6M	185.2M	-38.9M	-8.1M	158.8M	270M	25.6M	45.3M	148.5M	121.1M	-150.4M	-31.2M

Primoris Services Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement