Primoris Services Corporation (PRIM)

Primoris Services Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	96.3	274.9	180.9	126.1	133.02	115.74
Depreciation & Amortization	112.7	91.9	95.5	107	99.16	105.56
Loss (Gain) From Sale of Assets	-17.5	-21.7	-44.8	-48.1	-71.97	-15.92
Loss (Gain) From Sale of Investments	-	-	1.6	-0.4	-5.58	-4.86
Stock-Based Compensation	21.3	20.6	15.1	11.8	7.44	10.46
Other Operating Activities	2	2.2	4.1	2.2	0.28	1.38
Change in Accounts Receivable	304.2	-50.9	-104.9	-246.7	-217.53	-56.46
Change in Accounts Payable	-274.7	121	11.4	93.4	191.53	15.7
Change in Unearned Revenue	-20.4	16.2	251.2	84.7	-7.87	-29.11
Change in Other Net Operating Assets	-79.4	8.9	93.2	39.1	-59.82	-88.31
Operating Cash Flow	151.8	470.4	508.3	198.5	83.35	79.75
Operating Cash Flow Growth	-75.74%	-7.46%	156.07%	138.16%	4.51%	-74.52%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-114.1	-129.9	-126.5	-103	-94.69	-133.84
Sale of Property, Plant & Equipment	26.5	32.5	99.3	63.7	41.3	49.55
Cash Acquisitions	-404.7	-	-	9.3	-478.44	-606.97
Other Investing Activities	8.5	3.5	-	-	49.89	-
Investing Cash Flow	-483.8	-93.9	-27.2	-30	-481.94	-691.27

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	450.2	658.09	561.72
Total Debt Issued	781.8	-	-	450.2	658.09	561.72
Long-Term Debt Repaid	-	-329.3	-224.5	-637.2	-175.33	-213.85
Total Debt Repaid	-420.2	-329.3	-224.5	-637.2	-175.33	-213.85
Net Debt Issued (Repaid)	361.6	-329.3	-224.5	-187	482.76	347.87
Issuance of Common Stock	-	-	-	-	-	178.71
Repurchase of Common Stock	-172	-11.8	-7.5	-1.7	-7.31	-14.72
Common Dividends Paid	-17.4	-17.3	-12.9	-12.8	-12.78	-12.57
Other Financing Activities	-67.8	62.1	0.5	-3.8	-10.63	-13.56
Financing Cash Flow	104.4	-296.3	-244.4	-205.3	452.04	485.73

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.6	-0.3	1.2	1.3	-0.1	0.46
Net Cash Flow	-228.2	79.9	237.9	-35.5	53.35	-125.33

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	37.7	340.5	381.8	95.5	-11.34	-54.1
Free Cash Flow Growth	-92.30%	-10.82%	299.79%	-	-	-
Free Cash Flow Margin	0.53%	4.50%	6.00%	1.67%	-0.26%	-1.55%
Free Cash Flow Per Share	0.69	6.21	6.99	1.76	-0.21	-1.02
Levered Free Cash Flow	43.2	291.64	418.71	95.22	-18.85	-119.2
Unlevered Free Cash Flow	59.14	304.89	456.27	142.91	5.66	-107.64

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	29.8	22.1	61.3	82.3	37.18	22.22
Cash Income Tax Paid	69.5	86.9	65.3	5.1	3.57	39.26
Change in Working Capital	-63	102.5	255.9	-0.1	-79	-132.61

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 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.

Update frequency:

Quarterly

Last checked:

Nov 15, 2026

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