Primoris Services Corporation (PRIM)

Primoris Services Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	5,715	4,421	3,498	3,491	3,106
Revenue Growth (YoY)	29.29%	26.39%	0.18%	12.40%	5.68%
Cost of Revenue	5,128	3,964	3,081	3,121	2,775
Gross Profit	587.49	456.89	416.66	370.21	330.93
Selling, General & Admin	328.73	281.58	230.11	202.84	189.13
Other Operating Expenses	5.69	-20.03	16.4	3.43	0.92
Operating Expenses	334.42	261.55	246.51	206.27	190.05
Operating Income	253.07	195.34	170.15	163.95	140.88
Interest Expense / Income	78.17	39.21	18.5	19.92	19.14
Other Expense / Income	-2.77	-3.16	-0.2	-1.61	5.59
Pretax Income	177.67	159.29	151.86	145.64	116.14
Income Tax	51.52	26.27	36.12	40.66	33.81
Net Income	126.15	133.02	115.74	104.98	82.33
Net Income Growth	-5.17%	14.93%	10.25%	27.52%	6.28%
Shares Outstanding (Basic)	53	53	53	48	51
Shares Outstanding (Diluted)	54	54	53	49	51
Shares Change	0.86%	1.12%	9.31%	-4.80%	-1.13%
EPS (Basic)	2.37	2.50	2.19	2.17	1.62
EPS (Diluted)	2.33	2.47	2.17	2.16	1.61
EPS Growth	-5.67%	13.82%	0.46%	34.16%	7.33%
Free Cash Flow	159.24	79.85	-4.55	270.5	53.07
Free Cash Flow Per Share	2.99	1.50	-0.09	5.60	1.04
Dividend Per Share	0.240	0.240	0.240	0.240	0.240
Gross Margin	10.28%	10.34%	11.91%	10.60%	10.65%
Operating Margin	4.43%	4.42%	4.86%	4.70%	4.54%
Profit Margin	2.21%	3.01%	3.31%	3.01%	2.65%
Free Cash Flow Margin	2.79%	1.81%	-0.13%	7.75%	1.71%
Effective Tax Rate	29.00%	16.49%	23.78%	27.92%	29.11%
EBITDA	362.88	297.66	275.91	248.06	220.68
EBITDA Margin	6.35%	6.73%	7.89%	7.10%	7.10%
Depreciation & Amortization	107.04	99.16	105.56	82.5	85.4
EBIT	255.84	198.5	170.36	165.56	135.28
EBIT Margin	4.48%	4.49%	4.87%	4.74%	4.36%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).