Primoris Services Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,575	6,367	5,715	4,421	3,498
Revenue Growth (YoY)	18.98%	11.40%	29.29%	26.39%	0.18%
Cost of Revenue	6,762	5,664	5,128	3,964	3,081
Gross Profit	813.1	703.2	587.5	456.89	416.66
Selling, General & Admin	399.2	383.3	328.7	281.58	230.11
Other Operating Expenses	2.4	2.5	5.7	-20.03	16.4
Total Operating Expenses	401.6	385.8	334.4	261.55	246.51
Operating Income	411.5	317.4	253.1	195.34	170.15
Interest Expense	-28.7	-65.3	-78.2	-39.21	-18.5
Other Non-Operating Income (Expense)	1.2	2.8	2.7	3.16	0.2
Total Non-Operating Income (Expense)	-27.5	-62.5	-75.5	-36.05	-18.29
Pretax Income	384	254.9	177.6	159.29	151.86
Provision for Income Taxes	109.1	74	51.5	26.27	36.12
Net Income	274.9	180.9	126.1	133.02	115.74
Net Income to Common	274.9	180.9	126.1	133.02	115.74
Net Income Growth	51.96%	43.46%	-5.20%	14.93%	10.24%
Shares Outstanding (Basic)	54	54	53	53	53
Shares Outstanding (Diluted)	55	55	54	54	53
Shares Change (YoY)	0.37%	0.74%	0.82%	1.13%	9.31%
EPS (Basic)	5.09	3.37	2.37	2.50	2.19
EPS (Diluted)	5.02	3.31	2.33	2.47	2.17
EPS Growth	51.66%	42.06%	-5.67%	13.83%	0.46%
Free Cash Flow	340.5	381.8	95.5	-11.34	-54.1
Free Cash Flow Growth	-10.82%	299.79%	-	-	-
Free Cash Flow Per Share	6.21	6.99	1.76	-0.21	-1.02
Dividends Per Share	0.320	0.260	0.240	0.240	0.240
Dividend Growth	23.08%	8.33%	-	-	-
Gross Margin	10.73%	11.04%	10.28%	10.34%	11.91%
Operating Margin	5.43%	4.99%	4.43%	4.42%	4.86%
Profit Margin	3.63%	2.84%	2.21%	3.01%	3.31%
FCF Margin	4.50%	6.00%	1.67%	-0.26%	-1.55%
EBITDA	503.4	412.9	360.1	294.5	275.71
EBITDA Margin	6.65%	6.49%	6.30%	6.66%	7.88%
EBIT	411.5	317.4	253.1	195.34	170.15
EBIT Margin	5.43%	4.99%	4.43%	4.42%	4.86%
Effective Tax Rate	28.41%	29.03%	29.00%	16.49%	23.78%

Updated Feb 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q