Primoris Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	7,459	6,367	5,715	4,421	3,498	3,491
Revenue Growth (YoY)	21.45%	11.40%	29.29%	26.39%	0.18%	12.40%
Cost of Revenue	6,636	5,664	5,128	3,964	3,081	3,121
Gross Profit	822.71	703.25	587.49	456.89	416.66	370.21
Selling, General & Admin	398.28	383.35	328.73	281.58	230.11	202.84
Operating Expenses	398.28	383.35	328.73	281.58	230.11	202.84
Operating Income	424.42	319.89	258.76	175.31	186.55	167.38
Interest Expense	-33.33	-65.32	-78.17	-39.21	-18.5	-19.92
Currency Exchange Gain (Loss)	1.04	2.67	1.16	1.09	-0.1	0.38
Other Non Operating Income (Expenses)	-3.85	-2.34	-4.08	-2.28	-1.5	1.23
EBT Excluding Unusual Items	388.29	254.92	177.67	134.9	166.46	149.07
Merger & Restructuring Charges	-	-	-	-15.7	-14.6	-3.43
Gain (Loss) on Sale of Assets	-	-	-	40.08	-	-
Pretax Income	388.29	254.92	177.67	159.29	151.86	145.64
Income Tax Expense	111.15	74.03	51.52	26.27	36.12	40.66
Earnings From Continuing Operations	277.14	180.89	126.15	133.02	115.74	104.98
Net Income	277.14	180.89	126.15	133.02	115.74	104.98
Net Income to Common	277.14	180.89	126.15	133.02	115.74	104.98
Net Income Growth	68.39%	43.40%	-5.17%	14.93%	10.24%	27.52%
Shares Outstanding (Basic)	54	54	53	53	53	48
Shares Outstanding (Diluted)	55	55	54	54	53	49
Shares Change (YoY)	0.40%	0.65%	0.86%	1.13%	9.31%	-4.80%
EPS (Basic)	5.14	3.37	2.37	2.50	2.20	2.17
EPS (Diluted)	5.05	3.31	2.33	2.47	2.17	2.16
EPS Growth	66.70%	42.06%	-5.67%	13.83%	0.46%	34.16%
Free Cash Flow	489.4	381.76	95.55	-11.34	-54.1	248.64
Free Cash Flow Per Share	8.94	7.00	1.76	-0.21	-1.02	5.11
Dividend Per Share	0.320	0.260	0.240	0.240	0.240	0.240
Dividend Growth	33.33%	8.33%	-	-	-	-
Gross Margin	11.03%	11.04%	10.28%	10.33%	11.91%	10.60%
Operating Margin	5.69%	5.02%	4.53%	3.97%	5.33%	4.79%
Profit Margin	3.72%	2.84%	2.21%	3.01%	3.31%	3.01%
Free Cash Flow Margin	6.56%	6.00%	1.67%	-0.26%	-1.55%	7.12%
EBITDA	514.72	415.42	365.8	274.47	292.11	249.88
EBITDA Margin	6.90%	6.53%	6.40%	6.21%	8.35%	7.16%
D&A For EBITDA	90.3	95.52	107.04	99.16	105.56	82.5
EBIT	424.42	319.89	258.76	175.31	186.55	167.38
EBIT Margin	5.69%	5.02%	4.53%	3.97%	5.33%	4.79%
Effective Tax Rate	28.62%	29.04%	29.00%	16.49%	23.78%	27.92%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.