Primoris Services Corporation (PRIM)

Primoris Services Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	7,284	7,575	6,367	5,715	4,421	3,498
Revenue Growth	5.12%	18.98%	11.40%	29.29%	26.39%	0.18%
Gross Profit Gross Profit Growth	627.8	813.1	703.2	587.5	456.89	416.66
Operating Income Operating Income Growth	219.3	413.9	319.9	258.8	175.31	186.55
Net Income Net Income Growth	139.6	274.9	180.9	126.1	133.02	115.74
Earnings Per Share EPS Growth	2.57	5.02	3.31	2.33	2.47	2.17
EPS Growth	-41.63%	51.66%	42.06%	-5.67%	13.83%	0.46%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Utilities Utilities Growth	2,781	2,692	2,439	2,410	2,034	1,658
Energy Energy Growth	4,629	5,019	4,032	3,346	2,397	1,840
Eliminations Eliminations Growth	-125.38	-135.4	-104.23	-41.04	-10.46	-
Revenue (Total) Revenue (Total) Growth	7,284	7,575	6,367	5,715	4,421	3,498

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	218.2	535.5	455.9	217.78	249.93	200.51
Total Debt Total Debt Growth	1,279	950.9	1,190	1,318	1,347	825.45
Net Cash (Debt) Net Cash Growth	-1,061	-415.4	-734.3	-1,100	-1,097	-624.94
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-19.48	-7.58	-13.45	-20.30	-20.40	-11.76

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	194.5	470.4	508.3	198.5	83.35	79.75
Capital Expenditures CapEx Growth	-106.5	-129.9	-126.5	-103	-94.69	-133.84
Free Cash Flow Free Cash Flow Growth	88	340.5	381.8	95.5	-11.34	-54.1
Free Cash Flow Growth	-82.39%	-10.82%	299.79%	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	8.62%	10.73%	11.04%	10.28%	10.33%	11.91%
Operating Margin	3.01%	5.46%	5.03%	4.53%	3.97%	5.33%
Pretax Margin	2.56%	5.07%	4.00%	3.11%	3.60%	4.34%
Profit Margin	1.92%	3.63%	2.84%	2.21%	3.01%	3.31%
FCF Margin	1.21%	4.50%	6.00%	1.67%	-0.26%	-1.55%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.320	0.320	0.260	0.240	0.240	0.240
Dividend Per Share Growth	0%	23.08%	8.33%	0%	0%	0%
Dividend Yield	0.41%	0.26%	0.34%	0.73%	1.11%	1.03%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	30.14	24.40	22.69	14.05	8.76	11.15
Forward PE	19.51	22.63	20.30	10.93	7.15	9.37
P/FCF Ratio	48.38	19.70	10.75	18.56	-	-
PS Ratio	0.58	0.89	0.65	0.31	0.26	0.37

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 3, 2026

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