Primoris Services (PRIM) Financials

$66.98 +0.80 (+1.21%)

As of 11:32 AM Eastern

Annual Income Statements for Primoris Services

This table shows Primoris Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	37	27	72	77	82	105	116	133	126	181
Consolidated Net Income / (Loss)	37	28	77	88	84	105	116	133	126	181
Net Income / (Loss) Continuing Operations	37	28	77	88	84	105	116	133	126	181
Total Pre-Tax Income	61	49	105	113	118	146	152	159	178	255
Total Operating Income	68	58	106	130	141	164	170	195	253	317
Total Gross Profit	220	201	278	326	331	370	417	457	587	703
Total Revenue	1,929	1,997	2,380	2,939	3,106	3,491	3,498	4,421	5,715	6,367
Operating Revenue	1,929	1,997	2,380	2,939	3,106	3,491	3,498	4,421	5,715	6,367
Total Cost of Revenue	1,710	1,796	2,102	2,614	2,775	3,121	3,081	3,964	5,128	5,664
Operating Cost of Revenue	1,710	1,796	2,102	2,614	2,775	3,121	3,081	3,964	5,128	5,664
Total Operating Expenses	152	144	172	195	190	206	247	262	334	386
Selling, General & Admin Expense	152	140	170	182	189	203	230	282	329	383
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-40	0.00	0.00
Restructuring Charge	-	0.82	1.77	13	0.92	3.43	16	20	5.69	2.44
Total Other Income / (Expense), net	-6.67	-8.88	-1.01	-17	-23	-18	-18	-36	-75	-63
Interest & Investment Income	0.06	0.15	6.40	1.75	-19	-20	-18	-39	-78	-65
Other Income / (Expense), net	0.96	-0.11	0.74	-0.12	-3.82	1.61	0.20	3.16	2.77	2.78
Income Tax Expense	24	21	28	26	34	41	36	26	52	74
Basic Earnings per Share	$0.71	$0.52	$1.41	$1.51	$1.62	$2.17	$2.19	$2.50	$2.37	$3.37
Weighted Average Basic Shares Outstanding	51.65M	51.76M	51.48M	51.35M	50.78M	48.30M	52.67M	53.20M	53.30M	53.64M
Diluted Earnings per Share	$0.71	$0.51	$1.40	$1.50	$1.61	$2.16	$2.17	$2.47	$2.33	$3.31
Weighted Average Diluted Shares Outstanding	51.80M	51.99M	51.74M	51.67M	51.08M	48.63M	53.16M	53.76M	54.22M	54.58M
Weighted Average Basic & Diluted Shares Outstanding	51.90M	51.40M	51.30M	50.72M	48.67M	49.15M	53.22M	53.14M	53.44M	53.75M
Cash Dividends to Common per Share	$0.21	$0.22	$0.23	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.26

This table shows Primoris Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	43	42	1.31	39	48	38	19	50	58	54
Consolidated Net Income / (Loss)	43	42	1.31	39	48	38	19	50	58	54
Net Income / (Loss) Continuing Operations	43	42	1.31	39	48	38	19	50	58	54
Total Pre-Tax Income	53	45	1.82	55	68	53	27	70	82	76
Total Operating Income	66	61	19	71	88	75	44	86	100	88
Total Gross Profit	155	153	100	157	174	157	133	187	199	185
Total Revenue	1,284	1,329	1,257	1,413	1,529	1,516	1,413	1,564	1,649	1,741
Operating Revenue	1,284	1,329	1,257	1,413	1,529	1,516	1,413	1,564	1,649	1,741
Total Cost of Revenue	1,129	1,176	1,157	1,256	1,356	1,359	1,279	1,377	1,451	1,557
Operating Cost of Revenue	1,129	1,176	1,157	1,256	1,356	1,359	1,279	1,377	1,451	1,557
Total Operating Expenses	88	92	81	86	85	82	89	101	99	97
Selling, General & Admin Expense	76	91	78	86	84	81	89	100	98	97
Restructuring Charge	13	1.83	2.70	0.90	1.08	1.01	0.55	0.52	0.91	0.47
Total Other Income / (Expense), net	-14	-15	-17	-16	-21	-22	-18	-16	-17	-11
Interest & Investment Income	-13	-19	-18	-17	-21	-22	-18	-17	-18	-12
Other Income / (Expense), net	-0.56	3.13	1.26	1.09	0.47	-0.05	0.43	0.84	0.61	0.89
Income Tax Expense	9.81	3.95	0.51	16	20	15	7.74	20	24	22
Basic Earnings per Share	$0.81	$0.78	$0.02	$0.73	$0.90	$0.72	$0.35	$0.92	$1.09	$1.01
Weighted Average Basic Shares Outstanding	53.18M	53.20M	53.18M	53.30M	53.34M	53.30M	53.49M	53.64M	53.69M	53.64M
Diluted Earnings per Share	$0.80	$0.77	$0.02	$0.72	$0.89	$0.70	$0.35	$0.91	$1.07	$0.98
Weighted Average Diluted Shares Outstanding	53.75M	53.76M	53.94M	54.32M	54.35M	54.22M	54.41M	54.65M	54.68M	54.58M
Weighted Average Basic & Diluted Shares Outstanding	53.11M	53.14M	53.28M	53.33M	53.36M	53.44M	53.64M	53.67M	53.71M	53.75M
Cash Dividends to Common per Share	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.08

This table details how cash moves in and out of Primoris Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	22	-25	35	-18	-30	208	-125	53	-35	238
Net Cash From Operating Activities	48	63	189	127	119	313	80	83	199	508
Net Cash From Continuing Operating Activities	48	63	189	127	119	313	80	83	199	508
Net Income / (Loss) Continuing Operations	37	28	77	88	84	105	116	133	126	181
Consolidated Net Income / (Loss)	37	28	77	88	84	105	116	133	126	181
Depreciation Expense	58	61	58	79	85	82	106	99	107	96
Non-Cash Adjustments To Reconcile Net Income	-2.62	-40	2.03	-70	9.63	14	-71	-183	-264	37
Changes in Operating Assets and Liabilities, net	-51	7.04	44	30	-60	112	-70	34	229	195
Net Cash From Investing Activities	-49	-59	-131	-209	-66	-43	-691	-482	-30	-27
Net Cash From Continuing Investing Activities	-49	-59	-131	-209	-66	-43	-691	-482	-30	-27
Purchase of Property, Plant & Equipment	-67	-58	-80	-110	-94	-64	-134	-95	-103	-127
Acquisitions	-22	-11	-66	-111	0.00	0.00	-607	-478	9.30	0.00
Sale of Property, Plant & Equipment	9.89	9.60	8.74	27	29	22	50	41	64	99
Other Investing Activities, net	-	-	-	-15	-	0.00	0.00	50	0.00	0.00
Net Cash From Financing Activities	22	-28	-23	64	-83	-63	486	452	-205	-244
Net Cash From Continuing Financing Activities	22	-28	-23	64	-83	-63	486	452	-205	-244
Repayment of Debt	-45	-59	-63	-337	-291	-74	-227	-186	-641	-224
Repurchase of Common Equity	-	-5.00	-5.00	-20	0.00	-11	-15	-5.99	0.00	0.00
Payment of Dividends	-9.84	-11	-11	-25	-12	-12	-13	-13	-13	-13
Issuance of Debt	75	45	55	446	268	34	562	658	450	0.00
Other Financing Activities, net	-	-	-	-1.20	-50	-	-	-1.32	-1.73	-7.47
Effect of Exchange Rate Changes	-	-	-	-	0.40	-0.14	0.46	-0.10	1.29	1.16
Cash Interest Paid	7.69	8.82	7.97	16	16	17	22	37	82	61
Cash Income Taxes Paid	19	8.62	26	14	17	27	39	3.57	5.07	65

This table details how cash moves in and out of Primoris Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	37	126	-158	28	38	57	-40	29	145	103
Net Cash From Operating Activities	-11	185	-115	35	74	206	-28	16	222	298
Net Cash From Continuing Operating Activities	-11	185	-115	35	74	206	-28	16	222	298
Net Income / (Loss) Continuing Operations	43	42	1.31	39	48	38	19	50	58	54
Consolidated Net Income / (Loss)	43	42	1.31	39	48	38	19	50	58	54
Depreciation Expense	29	30	28	27	27	26	25	26	23	23
Non-Cash Adjustments To Reconcile Net Income	-89	15	-87	-92	31	-116	-37	-13	65	23
Changes in Operating Assets and Liabilities, net	6.84	99	-57	60	-33	259	-35	-46	77	199
Net Cash From Investing Activities	-441	3.07	-6.47	-3.16	-16	-4.39	4.19	35	-40	-26
Net Cash From Continuing Investing Activities	-441	3.07	-6.47	-3.16	-16	-4.39	4.19	35	-40	-26
Purchase of Property, Plant & Equipment	-9.88	-19	-14	-29	-40	-21	-10	-24	-64	-28
Sale of Property, Plant & Equipment	8.05	22	7.38	16	24	16	15	59	24	1.88
Net Cash From Financing Activities	489	-63	-37	-4.51	-19	-145	-15	-24	-35	-170
Net Cash From Continuing Financing Activities	489	-63	-37	-4.51	-19	-145	-15	-24	-35	-170
Repayment of Debt	-38	-77	-108	-316	-66	-152	-7.89	-20	-30	-166
Payment of Dividends	-3.19	-3.20	-3.19	-3.20	-3.20	-3.20	-3.20	-3.22	-3.22	-3.23
Other Financing Activities, net	-	-	-1.34	-0.05	-0.25	-0.10	-4.64	-0.13	-1.82	-0.88
Effect of Exchange Rate Changes	-0.88	0.82	-0.08	1.03	-0.60	0.94	-0.31	1.97	-2.05	1.56
Cash Interest Paid	8.44	17	17	20	20	25	6.83	27	16	12
Cash Income Taxes Paid	0.40	1.03	-17	0.33	9.67	12	-0.02	9.22	6.27	50

This table presents Primoris Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,132	1,171	1,256	1,594	1,830	1,970	2,543	3,544	3,827	4,196
Total Current Assets	687	731	743	924	913	1,115	1,182	1,704	1,885	2,159
Cash & Equivalents	161	136	170	151	120	327	201	249	218	456
Accounts Receivable	437	527	292	373	405	432	472	663	685	834
Prepaid Expenses	18	19	15	36	43	30	86	176	136	96
Other Current Assets	-	-	266	364	345	326	424	616	846	774
Plant, Property, & Equipment, net	284	277	312	376	0.00	356	433	494	476	488
Total Noncurrent Assets	162	162	201	294	918	498	928	1,346	1,466	1,548
Goodwill	124	127	153	206	215	215	582	872	858	857
Intangible Assets	36	33	45	81	70	61	171	249	228	208
Other Noncurrent Operating Assets	0.21	2.05	2.58	5.00	632	220	174	225	381	483
Total Liabilities & Shareholders' Equity	1,132	1,171	1,256	1,594	1,830	1,970	2,543	3,544	3,827	4,196
Total Liabilities	649	672	694	987	1,201	1,255	1,553	2,435	2,591	2,786
Total Current Liabilities	416	450	455	622	670	764	759	1,138	1,335	1,671
Short-Term Debt	55	58	65	62	56	48	67	78	73	75
Accounts Payable	124	168	141	249	236	246	273	535	629	624
Accrued Expenses	94	108	76	118	184	201	175	246	263	350
Dividends Payable	2.84	2.84	3.09	3.04	2.92	2.89	3.19	3.19	3.20	4.30
Other Current Liabilities	-	-	169	190	192	267	240	276	366	617
Total Noncurrent Liabilities	233	222	239	365	530	490	794	1,297	1,256	1,116
Long-Term Debt	220	203	193	306	296	269	594	1,065	885	660
Noncurrent Deferred & Payable Income Tax Liabilities	-	9.83	14	8.17	18	14	39	57	60	64
Other Noncurrent Operating Liabilities	13	9.06	32	52	217	208	161	175	311	391
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	483	499	562	607	630	715	990	1,109	1,236	1,410
Total Preferred & Common Equity	483	497	556	604	629	715	990	1,109	1,236	1,410
Total Common Equity	483	497	556	604	629	715	990	1,109	1,236	1,410
Common Stock	163	162	161	144	97	89	262	264	276	286
Retained Earnings	320	335	396	461	531	625	727	848	961	1,128
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.91	0.08	0.96	0.70	-2.62	-0.79	-4.24

This table presents Primoris Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	3,454	3,523	3,722	3,803	3,954	4,050	4,240
Total Current Assets	1,662	1,682	1,871	1,891	1,999	2,091	2,223
Cash & Equivalents	112	95	123	161	178	207	353
Accounts Receivable	688	746	818	852	812	888	941
Prepaid Expenses	217	119	143	135	138	123	123
Other Current Assets	646	722	787	744	872	873	806
Plant, Property, & Equipment, net	509	484	481	489	463	446	484
Total Noncurrent Assets	1,284	1,357	1,371	1,423	1,492	1,512	1,533
Goodwill	820	872	858	858	858	858	858
Intangible Assets	270	243	238	233	222	217	213
Other Noncurrent Operating Assets	186	242	275	332	412	437	463
Total Liabilities & Shareholders' Equity	3,454	3,523	3,722	3,803	3,954	4,050	4,240
Total Liabilities	2,386	2,414	2,572	2,606	2,705	2,751	2,882
Total Current Liabilities	1,086	1,134	1,289	1,298	1,448	1,485	1,612
Short-Term Debt	80	78	76	85	90	89	77
Accounts Payable	477	561	513	500	632	584	489
Accrued Expenses	269	224	278	322	283	325	386
Dividends Payable	3.20	3.20	3.20	3.20	3.22	3.22	3.22
Other Current Liabilities	256	268	418	388	440	484	657
Total Noncurrent Liabilities	1,301	1,279	1,283	1,308	1,257	1,266	1,270
Long-Term Debt	1,122	1,035	1,037	1,014	862	844	827
Noncurrent Deferred & Payable Income Tax Liabilities	42	55	30	29	59	59	59
Other Noncurrent Operating Liabilities	136	190	216	266	335	363	383
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,068	1,109	1,150	1,197	1,249	1,299	1,358
Total Preferred & Common Equity	1,068	1,109	1,150	1,197	1,249	1,299	1,358
Total Common Equity	1,068	1,109	1,150	1,197	1,249	1,299	1,358
Common Stock	262	266	269	273	275	279	282
Retained Earnings	809	846	882	927	977	1,023	1,078
Accumulated Other Comprehensive Income / (Loss)	-3.18	-2.51	-1.13	-2.57	-2.06	-2.68	-1.86

This table displays calculated financial ratios and metrics derived from Primoris Services' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.52%	3.50%	19.18%	23.51%	5.68%	12.40%	0.18%	26.39%	29.29%	11.40%
EBITDA Growth	-17.24%	-6.17%	37.93%	20.93%	6.13%	11.51%	11.23%	7.88%	21.91%	14.57%
EBIT Growth	-33.54%	-16.14%	85.69%	21.79%	5.14%	20.80%	2.90%	16.52%	28.89%	25.17%
NOPAT Growth	-36.20%	-20.50%	136.81%	29.95%	-0.34%	17.62%	9.73%	25.79%	10.15%	25.37%
Net Income Growth	-41.66%	-25.37%	177.19%	13.98%	-3.99%	24.84%	10.25%	14.93%	-5.17%	43.40%
EPS Growth	-41.80%	-28.17%	174.51%	7.14%	7.33%	34.16%	0.46%	13.82%	-5.67%	42.06%
Operating Cash Flow Growth	34.00%	29.35%	201.94%	-32.88%	-6.21%	163.15%	-74.52%	4.51%	138.23%	156.01%
Free Cash Flow Firm Growth	66.31%	119.34%	1,167.52%	-243.68%	188.33%	327.48%	-325.06%	36.88%	153.07%	147.83%
Invested Capital Growth	11.53%	4.81%	4.32%	26.53%	4.39%	-18.06%	105.54%	38.00%	-1.35%	-14.49%
Revenue Q/Q Growth	0.50%	5.53%	-0.95%	11.31%	-2.75%	3.18%	-0.37%	11.18%	3.37%	3.68%
EBITDA Q/Q Growth	6.31%	4.26%	-1.77%	18.95%	-9.05%	3.41%	-2.12%	11.13%	1.84%	2.63%
EBIT Q/Q Growth	11.24%	9.95%	-3.25%	26.37%	-7.71%	5.81%	-6.96%	15.54%	4.40%	4.46%
NOPAT Q/Q Growth	8.59%	8.73%	12.20%	17.39%	-10.06%	3.68%	0.06%	15.23%	-1.68%	4.13%
Net Income Q/Q Growth	11.01%	8.02%	13.33%	13.73%	-7.55%	4.27%	-1.93%	9.88%	-2.96%	9.91%
EPS Q/Q Growth	10.94%	6.25%	12.90%	15.38%	-6.40%	6.93%	-3.98%	8.81%	-2.92%	9.24%
Operating Cash Flow Q/Q Growth	124.46%	-45.91%	8.97%	766.40%	19.46%	-10.71%	-41.85%	319.86%	11.40%	22.26%
Free Cash Flow Firm Q/Q Growth	64.54%	-93.35%	19.50%	60.26%	76.29%	-10.97%	-13.50%	30.41%	0.26%	15.87%
Invested Capital Q/Q Growth	-6.58%	2.71%	2.63%	-8.66%	-11.97%	-10.09%	-0.41%	-7.15%	-7.40%	-11.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.40%	10.08%	11.70%	11.08%	10.65%	10.60%	11.91%	10.34%	10.28%	11.05%
EBITDA Margin	6.94%	6.29%	7.28%	7.13%	7.16%	7.10%	7.89%	6.73%	6.35%	6.53%
Operating Margin	3.51%	2.89%	4.47%	4.44%	4.54%	4.70%	4.86%	4.42%	4.43%	4.99%
EBIT Margin	3.56%	2.89%	4.50%	4.43%	4.41%	4.74%	4.87%	4.49%	4.48%	5.03%
Profit (Net Income) Margin	1.93%	1.39%	3.23%	2.98%	2.71%	3.01%	3.31%	3.01%	2.21%	2.84%
Tax Burden Percent	60.81%	56.73%	72.99%	77.27%	71.32%	72.08%	76.22%	83.51%	71.00%	70.96%
Interest Burden Percent	88.90%	84.79%	98.37%	86.96%	86.03%	87.97%	89.14%	80.25%	69.45%	79.60%
Effective Tax Rate	39.19%	43.27%	27.01%	22.73%	28.68%	27.92%	23.78%	16.49%	29.00%	29.04%
Return on Invested Capital (ROIC)	7.27%	5.35%	12.12%	13.62%	11.89%	15.05%	12.00%	9.43%	9.01%	12.27%
ROIC Less NNEP Spread (ROIC-NNEP)	3.14%	1.20%	11.45%	5.13%	4.67%	3.40%	5.89%	5.01%	2.49%	3.63%
Return on Net Nonoperating Assets (RNNOA)	0.66%	0.30%	2.37%	1.37%	1.72%	0.57%	1.58%	3.25%	1.74%	1.41%
Return on Equity (ROE)	7.93%	5.65%	14.49%	14.98%	13.60%	15.62%	13.58%	12.68%	10.76%	13.67%
Cash Return on Invested Capital (CROIC)	-3.63%	0.65%	7.89%	-9.81%	7.59%	34.90%	-57.09%	-22.51%	10.37%	27.89%
Operating Return on Assets (OROA)	6.16%	5.01%	8.82%	9.15%	8.00%	8.71%	7.55%	6.52%	6.94%	7.98%
Return on Assets (ROA)	3.33%	2.41%	6.33%	6.15%	4.91%	5.53%	5.13%	4.37%	3.42%	4.51%
Return on Common Equity (ROCE)	7.93%	5.64%	14.40%	14.88%	13.56%	15.61%	13.58%	12.68%	10.76%	13.67%
Return on Equity Simple (ROE_SIMPLE)	7.69%	5.57%	13.81%	14.50%	13.38%	14.69%	11.69%	12.00%	10.21%	12.83%
Net Operating Profit after Tax (NOPAT)	41	33	78	101	100	118	130	163	180	225
NOPAT Margin	2.14%	1.64%	3.26%	3.43%	3.23%	3.38%	3.71%	3.69%	3.14%	3.54%
Net Nonoperating Expense Percent (NNEP)	4.13%	4.15%	0.67%	8.49%	7.21%	11.65%	6.10%	4.42%	6.52%	8.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.24%	8.19%	10.50%
Cost of Revenue to Revenue	88.60%	89.92%	88.30%	88.92%	89.35%	89.40%	88.09%	89.66%	89.72%	88.95%
SG&A Expenses to Revenue	7.86%	7.01%	7.16%	6.19%	6.09%	5.81%	6.58%	6.37%	5.75%	6.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.88%	7.19%	7.23%	6.64%	6.12%	5.91%	7.05%	5.92%	5.85%	6.06%
Earnings before Interest and Taxes (EBIT)	69	58	107	130	137	166	170	198	256	320
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	134	126	173	210	222	248	276	298	363	416
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.16	2.20	2.35	1.53	1.73	1.80	1.28	1.04	1.43	2.91
Price to Tangible Book Value (P/TBV)	3.24	3.25	3.65	2.92	3.16	2.94	5.33	0.00	11.69	11.90
Price to Revenue (P/Rev)	0.54	0.55	0.55	0.32	0.35	0.37	0.36	0.26	0.31	0.64
Price to Earnings (P/E)	28.36	40.97	18.10	11.96	13.18	12.26	10.91	8.65	13.98	22.69
Dividend Yield	1.01%	1.04%	0.88%	1.33%	1.13%	0.90%	1.02%	1.11%	0.73%	0.34%
Earnings Yield	3.53%	2.44%	5.53%	8.36%	7.59%	8.15%	9.17%	11.56%	7.15%	4.41%
Enterprise Value to Invested Capital (EV/IC)	1.94	1.95	2.15	1.39	1.53	1.81	1.19	1.02	1.26	2.59
Enterprise Value to Revenue (EV/Rev)	0.60	0.61	0.59	0.39	0.42	0.37	0.49	0.46	0.44	0.69
Enterprise Value to EBITDA (EV/EBITDA)	8.64	9.72	8.10	5.47	5.92	5.15	6.25	6.87	6.90	10.54
Enterprise Value to EBIT (EV/EBIT)	16.84	21.19	13.12	8.79	9.61	7.72	10.12	10.30	9.79	13.69
Enterprise Value to NOPAT (EV/NOPAT)	28.09	37.28	18.09	11.37	13.11	10.81	13.29	12.54	13.94	19.46
Enterprise Value to Operating Cash Flow (EV/OCF)	23.92	19.52	7.43	9.04	11.07	4.08	21.61	24.54	12.61	8.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	306.33	27.78	0.00	20.53	4.66	0.00	0.00	12.12	8.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.52	0.46	0.61	0.56	0.44	0.67	1.03	0.78	0.52
Long-Term Debt to Equity	0.45	0.41	0.34	0.50	0.47	0.38	0.60	0.96	0.72	0.47
Financial Leverage	0.21	0.25	0.21	0.27	0.37	0.17	0.27	0.65	0.70	0.39
Leverage Ratio	2.38	2.34	2.29	2.44	2.77	2.83	2.65	2.90	3.14	3.03
Compound Leverage Factor	2.12	1.99	2.25	2.12	2.38	2.49	2.36	2.33	2.18	2.41
Debt to Total Capital	36.28%	34.41%	31.52%	37.75%	35.82%	30.69%	40.05%	50.77%	43.67%	34.27%
Short-Term Debt to Total Capital	7.30%	7.68%	7.97%	6.41%	5.67%	4.63%	4.07%	3.47%	3.32%	3.48%
Long-Term Debt to Total Capital	28.98%	26.73%	23.55%	31.35%	30.14%	26.07%	35.98%	47.30%	40.35%	30.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.16%	0.70%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.69%	65.43%	67.78%	61.96%	64.08%	69.30%	59.95%	49.23%	56.33%	65.73%
Debt to EBITDA	2.06	2.08	1.49	1.76	1.58	1.28	2.40	3.84	2.64	1.77
Net Debt to EBITDA	0.83	1.00	0.51	1.04	1.04	-0.04	1.67	3.01	2.04	0.67
Long-Term Debt to EBITDA	1.64	1.62	1.12	1.46	1.33	1.08	2.15	3.58	2.44	1.59
Debt to NOPAT	6.68	7.98	3.34	3.65	3.50	2.68	5.10	7.01	5.33	3.26
Net Debt to NOPAT	2.71	3.82	1.14	2.15	2.30	-0.09	3.55	5.49	4.12	1.24
Long-Term Debt to NOPAT	5.34	6.20	2.49	3.03	2.94	2.27	4.58	6.53	4.93	2.93
Altman Z-Score	3.55	3.54	4.03	3.31	3.05	3.32	2.68	2.24	2.65	3.17
Noncontrolling Interest Sharing Ratio	0.02%	0.15%	0.65%	0.73%	0.31%	0.08%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.62	1.63	1.49	1.36	1.46	1.56	1.50	1.41	1.29
Quick Ratio	1.44	1.47	1.02	0.84	0.78	0.99	0.89	0.80	0.68	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-21	3.99	51	-73	64	274	-617	-389	207	512
Operating Cash Flow to CapEx	84.56%	129.23%	265.94%	151.82%	180.57%	736.37%	94.61%	156.11%	505.09%	1,866.60%
Free Cash Flow to Firm to Interest Expense	-2.68	0.45	6.20	-3.87	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.29	7.02	23.19	6.76	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1.15	1.59	14.47	2.31	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.73	1.73	1.96	2.06	1.81	1.84	1.55	1.45	1.55	1.59
Accounts Receivable Turnover	4.58	4.14	5.82	8.85	7.99	8.34	7.74	7.79	8.48	8.38
Inventory Turnover	27.15	30.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.95	7.12	8.08	8.55	0.00	0.00	8.86	9.54	11.79	13.21
Accounts Payable Turnover	13.50	12.28	13.60	13.40	11.44	12.95	11.86	9.81	8.81	9.04
Days Sales Outstanding (DSO)	79.75	88.07	62.74	41.24	45.69	43.77	47.17	46.85	43.06	43.56
Days Inventory Outstanding (DIO)	13.44	11.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.03	29.73	26.84	27.24	31.90	28.18	30.76	37.22	41.42	40.38
Cash Conversion Cycle (CCC)	66.15	70.23	35.90	14.00	13.78	15.59	16.41	9.63	1.64	3.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	598	627	654	827	863	707	1,454	2,007	1,980	1,693
Invested Capital Turnover	3.40	3.26	3.72	3.97	3.67	4.45	3.24	2.55	2.87	3.47
Increase / (Decrease) in Invested Capital	62	29	27	173	36	-156	747	553	-27	-287
Enterprise Value (EV)	1,157	1,221	1,404	1,146	1,317	1,277	1,723	2,045	2,504	4,383
Market Capitalization	1,046	1,095	1,309	926	1,085	1,287	1,262	1,150	1,764	4,104
Book Value per Share	$9.35	$9.60	$10.82	$11.80	$12.33	$14.86	$18.40	$20.88	$23.17	$26.24
Tangible Book Value per Share	$6.24	$6.51	$6.96	$6.19	$6.74	$9.12	$4.40	($0.23)	$2.83	$6.42
Total Capital	759	760	821	975	981	1,031	1,652	2,252	2,194	2,144
Total Debt	275	262	259	368	351	317	661	1,143	958	735
Total Long-Term Debt	220	203	193	306	296	269	594	1,065	885	660
Net Debt	112	125	88	217	231	-10	461	895	740	279
Capital Expenditures (CapEx)	57	48	71	84	66	43	84	53	39	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	162	203	183	214	178	72	290	396	405	108
Debt-free Net Working Capital (DFNWC)	326	340	354	365	298	399	490	644	623	563
Net Working Capital (NWC)	271	281	288	303	242	351	423	566	550	489
Net Nonoperating Expense (NNE)	4.06	5.04	0.73	13	16	13	14	30	54	44
Net Nonoperating Obligations (NNO)	114	128	92	220	234	-7.30	464	898	744	283
Total Depreciation and Amortization (D&A)	65	68	66	79	85	82	106	99	107	96
Debt-free, Cash-free Net Working Capital to Revenue	8.41%	10.18%	7.71%	7.28%	5.72%	2.06%	8.28%	8.95%	7.09%	1.69%
Debt-free Net Working Capital to Revenue	16.90%	17.00%	14.86%	12.42%	9.59%	11.42%	14.02%	14.58%	10.90%	8.85%
Net Working Capital to Revenue	14.03%	14.08%	12.11%	10.30%	7.80%	10.05%	12.09%	12.81%	9.63%	7.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.71	$0.52	$1.41	$1.51	$1.62	$2.17	$2.19	$2.50	$2.37	$3.37
Adjusted Weighted Average Basic Shares Outstanding	51.65M	51.76M	51.48M	51.35M	50.78M	48.30M	52.67M	53.20M	53.30M	53.64M
Adjusted Diluted Earnings per Share	$0.71	$0.51	$1.40	$1.50	$1.61	$2.16	$2.17	$2.47	$2.33	$3.31
Adjusted Weighted Average Diluted Shares Outstanding	51.80M	51.99M	51.74M	51.67M	51.08M	48.63M	53.16M	53.76M	54.22M	54.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.75M	51.56M	51.53M	50.72M	48.67M	49.15M	53.22M	53.14M	53.44M	53.75M
Normalized Net Operating Profit after Tax (NOPAT)	41	35	79	111	101	121	142	180	184	227
Normalized NOPAT Margin	2.15%	1.74%	3.31%	3.78%	3.26%	3.46%	4.07%	4.07%	3.21%	3.57%
Pre Tax Income Margin	3.17%	2.45%	4.42%	3.86%	3.80%	4.17%	4.34%	3.60%	3.11%	4.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.94	6.47	13.14	6.95	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	5.36	3.68	9.52	5.38	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.50	1.03	4.42	2.50	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-2.08	-1.76	0.80	0.92	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.48%	41.06%	14.74%	29.03%	14.52%	11.04%	10.86%	9.61%	10.13%	7.11%
Augmented Payout Ratio	26.48%	59.09%	21.24%	51.86%	14.52%	21.95%	23.57%	14.11%	10.13%	7.11%

This table displays calculated financial ratios and metrics derived from Primoris Services' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	40.61%	50.28%	60.24%	38.17%	19.11%	14.02%	12.40%	10.64%	7.82%	14.90%
EBITDA Growth	2.02%	46.59%	131.36%	11.65%	22.31%	7.00%	44.22%	13.85%	6.29%	10.63%
EBIT Growth	0.70%	71.57%	3,379.42%	5.74%	34.81%	16.85%	120.22%	20.91%	12.70%	18.30%
NOPAT Growth	14.39%	66.68%	2,663.51%	-5.77%	15.94%	-4.41%	129.33%	21.63%	12.60%	16.82%
Net Income Growth	-2.31%	40.49%	178.26%	-22.18%	11.86%	-9.26%	1,346.03%	26.93%	21.38%	43.30%
EPS Growth	-1.23%	35.09%	166.67%	-22.58%	11.25%	-9.09%	1,650.00%	26.39%	20.22%	40.00%
Operating Cash Flow Growth	-215.49%	189.08%	-1,853.64%	135.32%	774.65%	10.96%	75.32%	-53.44%	201.89%	45.00%
Free Cash Flow Firm Growth	-3.39%	30.33%	-362.97%	-154.19%	113.32%	116.12%	121.24%	139.40%	243.98%	335.55%
Invested Capital Growth	48.03%	38.00%	43.65%	30.22%	-1.08%	-1.35%	-4.84%	-5.37%	-10.56%	-14.49%
Revenue Q/Q Growth	25.53%	3.51%	-5.44%	12.45%	8.22%	-0.91%	-6.79%	10.69%	5.46%	5.59%
EBITDA Q/Q Growth	6.67%	-0.71%	-48.82%	105.97%	16.85%	-13.14%	-31.01%	62.60%	9.09%	-9.59%
EBIT Q/Q Growth	-3.02%	-2.90%	-68.31%	254.37%	23.63%	-15.84%	-40.28%	94.56%	15.25%	-11.66%
NOPAT Q/Q Growth	1.54%	2.68%	-75.36%	266.83%	24.94%	-15.34%	-40.89%	94.56%	15.66%	-12.18%
Net Income Q/Q Growth	-14.18%	-3.58%	-96.84%	2,879.54%	23.34%	-21.78%	-49.70%	161.54%	17.95%	-7.65%
EPS Q/Q Growth	-13.98%	-3.75%	-97.40%	3,500.00%	23.61%	-21.35%	-50.00%	160.00%	17.58%	-8.41%
Operating Cash Flow Q/Q Growth	88.82%	1,797.32%	-162.22%	129.92%	113.55%	179.16%	-113.84%	156.45%	1,284.52%	34.08%
Free Cash Flow Firm Q/Q Growth	-267.85%	23.20%	-27.47%	29.42%	119.27%	-7.00%	67.94%	30.90%	68.25%	17.76%
Invested Capital Q/Q Growth	31.33%	-7.15%	6.14%	0.62%	-0.24%	-7.40%	2.37%	0.07%	-5.71%	-11.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.06%	11.54%	7.93%	11.13%	11.37%	10.33%	9.44%	11.94%	12.04%	10.60%
EBITDA Margin	7.36%	7.06%	3.82%	7.00%	7.56%	6.62%	4.90%	7.20%	7.45%	6.38%
Operating Margin	5.18%	4.58%	1.51%	5.01%	5.78%	4.94%	3.13%	5.50%	6.04%	5.03%
EBIT Margin	5.13%	4.82%	1.61%	5.09%	5.81%	4.94%	3.16%	5.56%	6.07%	5.08%
Profit (Net Income) Margin	3.35%	3.12%	0.10%	2.76%	3.15%	2.48%	1.34%	3.17%	3.54%	3.10%
Tax Burden Percent	81.44%	91.30%	71.98%	70.97%	71.00%	71.00%	71.00%	71.00%	71.00%	70.87%
Interest Burden Percent	80.17%	71.01%	8.97%	76.51%	76.30%	70.91%	59.72%	80.29%	82.17%	86.06%
Effective Tax Rate	18.56%	8.70%	28.02%	29.03%	29.00%	29.00%	29.00%	29.00%	29.00%	29.13%
Return on Invested Capital (ROIC)	9.26%	10.68%	2.95%	9.91%	10.56%	10.05%	6.28%	11.28%	13.00%	12.36%
ROIC Less NNEP Spread (ROIC-NNEP)	7.85%	8.62%	1.32%	8.52%	9.12%	8.17%	4.89%	9.94%	11.36%	10.78%
Return on Net Nonoperating Assets (RNNOA)	6.05%	5.59%	0.95%	6.27%	8.19%	5.72%	3.73%	6.99%	6.65%	4.18%
Return on Equity (ROE)	15.31%	16.28%	3.90%	16.18%	18.75%	15.77%	10.01%	18.27%	19.65%	16.54%
Cash Return on Invested Capital (CROIC)	-30.91%	-22.51%	-25.99%	-17.03%	9.59%	10.37%	14.47%	15.51%	21.83%	27.89%
Operating Return on Assets (OROA)	6.75%	6.99%	2.58%	8.35%	8.85%	7.65%	4.97%	8.61%	9.27%	8.06%
Return on Assets (ROA)	4.40%	4.53%	0.17%	4.53%	4.80%	3.85%	2.11%	4.91%	5.41%	4.92%
Return on Common Equity (ROCE)	15.31%	16.28%	3.90%	16.18%	18.75%	15.77%	10.01%	18.27%	19.65%	16.54%
Return on Equity Simple (ROE_SIMPLE)	11.34%	0.00%	12.26%	10.86%	10.86%	0.00%	11.51%	11.88%	12.12%	0.00%
Net Operating Profit after Tax (NOPAT)	54	56	14	50	63	53	31	61	71	62
NOPAT Margin	4.22%	4.18%	1.09%	3.55%	4.10%	3.51%	2.22%	3.91%	4.29%	3.56%
Net Nonoperating Expense Percent (NNEP)	1.41%	2.07%	1.63%	1.40%	1.44%	1.89%	1.39%	1.34%	1.64%	1.58%
Return On Investment Capital (ROIC_SIMPLE)	-	2.47%	-	-	-	2.42%	-	-	-	2.89%
Cost of Revenue to Revenue	87.94%	88.46%	92.07%	88.87%	88.63%	89.67%	90.56%	88.06%	87.96%	89.40%
SG&A Expenses to Revenue	5.90%	6.82%	6.21%	6.05%	5.52%	5.33%	6.27%	6.40%	5.95%	5.54%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.89%	6.96%	6.42%	6.12%	5.59%	5.39%	6.31%	6.44%	6.00%	5.57%
Earnings before Interest and Taxes (EBIT)	66	64	20	72	89	75	45	87	100	88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	94	48	99	116	100	69	113	123	111
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	1.04	1.17	1.40	1.45	1.43	1.82	2.06	2.30	2.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	29.91	16.31	11.69	13.39	11.93	10.83	11.90
Price to Revenue (P/Rev)	0.21	0.26	0.27	0.31	0.31	0.31	0.39	0.44	0.51	0.64
Price to Earnings (P/E)	7.05	8.65	9.56	12.92	13.35	13.98	15.78	17.34	18.94	22.69
Dividend Yield	1.50%	1.11%	0.98%	0.79%	0.74%	0.73%	0.56%	0.48%	0.41%	0.34%
Earnings Yield	14.19%	11.56%	10.47%	7.74%	7.49%	7.15%	6.34%	5.77%	5.28%	4.41%
Enterprise Value to Invested Capital (EV/IC)	0.90	1.02	1.09	1.21	1.25	1.26	1.50	1.68	1.92	2.59
Enterprise Value to Revenue (EV/Rev)	0.49	0.46	0.47	0.49	0.48	0.44	0.52	0.56	0.60	0.69
Enterprise Value to EBITDA (EV/EBITDA)	7.26	6.87	7.13	7.77	7.50	6.90	7.92	8.55	9.06	10.54
Enterprise Value to EBIT (EV/EBIT)	11.31	10.30	10.62	11.72	10.91	9.79	10.86	11.52	11.97	13.69
Enterprise Value to NOPAT (EV/NOPAT)	13.73	12.54	13.03	14.89	14.63	13.94	15.40	16.32	16.96	19.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	24.54	0.00	27.81	15.00	12.61	10.66	12.74	8.82	8.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	12.97	12.12	10.12	10.52	8.30	8.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.13	1.03	1.00	0.97	0.92	0.78	0.76	0.72	0.67	0.52
Long-Term Debt to Equity	1.05	0.96	0.93	0.90	0.85	0.72	0.69	0.65	0.61	0.47
Financial Leverage	0.77	0.65	0.72	0.74	0.90	0.70	0.76	0.70	0.59	0.39
Leverage Ratio	2.96	2.90	2.92	2.95	3.20	3.14	3.17	3.17	3.15	3.03
Compound Leverage Factor	2.37	2.06	0.26	2.26	2.44	2.23	1.89	2.55	2.59	2.61
Debt to Total Capital	52.95%	50.77%	50.07%	49.20%	47.86%	43.67%	43.24%	41.80%	39.96%	34.27%
Short-Term Debt to Total Capital	3.53%	3.47%	3.49%	3.37%	3.71%	3.32%	4.07%	4.00%	3.39%	3.48%
Long-Term Debt to Total Capital	49.43%	47.30%	46.58%	45.83%	44.15%	40.35%	39.17%	37.80%	36.56%	30.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.05%	49.23%	49.93%	50.80%	52.14%	56.33%	56.76%	58.20%	60.04%	65.73%
Debt to EBITDA	4.49	3.84	3.42	3.32	3.08	2.64	2.48	2.35	2.23	1.77
Net Debt to EBITDA	4.07	3.01	3.13	2.95	2.63	2.04	2.02	1.82	1.36	0.67
Long-Term Debt to EBITDA	4.19	3.58	3.19	3.09	2.84	2.44	2.24	2.12	2.04	1.59
Debt to NOPAT	8.49	7.01	6.26	6.37	6.01	5.33	4.82	4.48	4.18	3.26
Net Debt to NOPAT	7.70	5.49	5.72	5.66	5.13	4.12	3.92	3.48	2.55	1.24
Long-Term Debt to NOPAT	7.93	6.53	5.82	5.93	5.55	4.93	4.36	4.05	3.82	2.93
Altman Z-Score	1.96	2.12	2.25	2.38	2.46	2.49	2.54	2.67	2.70	2.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.53	1.50	1.48	1.45	1.46	1.41	1.38	1.41	1.38	1.29
Quick Ratio	0.74	0.80	0.74	0.73	0.78	0.68	0.68	0.74	0.80	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-647	-497	-634	-447	86	80	135	176	296	349
Operating Cash Flow to CapEx	-597.48%	0.00%	-1,782.64%	276.99%	460.70%	4,686.69%	0.00%	0.00%	553.58%	1,132.30%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.45	1.60	1.64	1.52	1.55	1.57	1.55	1.53	1.59
Accounts Receivable Turnover	6.40	7.79	8.18	7.47	7.18	8.48	7.53	7.06	6.85	8.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.43	9.54	10.39	11.20	11.08	11.79	12.40	12.99	12.61	13.21
Accounts Payable Turnover	9.02	9.81	10.33	10.99	10.12	8.81	8.80	9.79	11.05	9.04
Days Sales Outstanding (DSO)	57.03	46.85	44.64	48.89	50.82	43.06	48.44	51.72	53.27	43.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	40.45	37.22	35.35	33.22	36.08	41.42	41.50	37.28	33.03	40.38
Cash Conversion Cycle (CCC)	16.58	9.63	9.29	15.67	14.74	1.64	6.95	14.44	20.25	3.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,161	2,007	2,130	2,143	2,138	1,980	2,027	2,028	1,912	1,693
Invested Capital Turnover	2.20	2.55	2.71	2.79	2.57	2.87	2.82	2.89	3.03	3.47
Increase / (Decrease) in Invested Capital	701	553	647	497	-23	-27	-103	-115	-226	-287
Enterprise Value (EV)	1,943	2,045	2,317	2,604	2,674	2,504	3,043	3,402	3,668	4,383
Market Capitalization	853	1,150	1,300	1,613	1,736	1,764	2,269	2,676	3,117	4,104
Book Value per Share	$20.07	$20.88	$20.87	$21.57	$22.44	$23.17	$23.36	$24.22	$25.30	$26.24
Tangible Book Value per Share	($0.43)	($0.23)	($0.11)	$1.01	$2.00	$2.83	$3.17	$4.18	$5.36	$6.42
Total Capital	2,270	2,252	2,222	2,263	2,296	2,194	2,201	2,232	2,262	2,144
Total Debt	1,202	1,143	1,112	1,113	1,099	958	952	933	904	735
Total Long-Term Debt	1,122	1,065	1,035	1,037	1,014	885	862	844	827	660
Net Debt	1,090	895	1,018	990	938	740	774	726	551	279
Capital Expenditures (CapEx)	1.83	-3.07	6.47	12	16	4.39	-4.19	-35	40	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	545	396	530	535	518	405	463	488	334	108
Debt-free Net Working Capital (DFNWC)	657	644	625	658	678	623	641	696	687	563
Net Working Capital (NWC)	576	566	548	582	593	550	551	606	610	489
Net Nonoperating Expense (NNE)	11	14	12	11	15	15	12	12	12	8.11
Net Nonoperating Obligations (NNO)	1,093	898	1,021	994	941	744	777	729	554	283
Total Depreciation and Amortization (D&A)	29	30	28	27	27	26	25	26	23	23
Debt-free, Cash-free Net Working Capital to Revenue	13.70%	8.95%	10.84%	10.13%	9.36%	7.09%	7.89%	8.11%	5.44%	1.69%
Debt-free Net Working Capital to Revenue	16.51%	14.58%	12.78%	12.45%	12.27%	10.90%	10.91%	11.55%	11.19%	8.85%
Net Working Capital to Revenue	14.50%	12.81%	11.19%	11.01%	10.73%	9.63%	9.39%	10.07%	9.94%	7.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.81	$0.78	$0.02	$0.73	$0.90	$0.72	$0.35	$0.92	$1.09	$1.01
Adjusted Weighted Average Basic Shares Outstanding	53.18M	53.20M	53.18M	53.30M	53.34M	53.30M	53.49M	53.64M	53.69M	53.64M
Adjusted Diluted Earnings per Share	$0.80	$0.77	$0.02	$0.72	$0.89	$0.70	$0.35	$0.91	$1.07	$0.98
Adjusted Weighted Average Diluted Shares Outstanding	53.75M	53.76M	53.94M	54.32M	54.35M	54.22M	54.41M	54.65M	54.68M	54.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.11M	53.14M	53.28M	53.33M	53.36M	53.44M	53.64M	53.67M	53.71M	53.75M
Normalized Net Operating Profit after Tax (NOPAT)	64	57	16	51	64	54	32	61	71	62
Normalized NOPAT Margin	5.02%	4.31%	1.24%	3.60%	4.15%	3.55%	2.25%	3.93%	4.33%	3.58%
Pre Tax Income Margin	4.12%	3.42%	0.14%	3.89%	4.43%	3.50%	1.89%	4.46%	4.99%	4.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.58%	9.61%	9.39%	10.23%	9.83%	10.13%	8.90%	8.31%	7.80%	7.11%
Augmented Payout Ratio	27.69%	14.11%	9.39%	10.23%	9.83%	10.13%	8.90%	8.31%	7.80%	7.11%

Frequently Asked Questions About Primoris Services' Financials

When does Primoris Services's financial year end?

According to the most recent income statement we have on file, Primoris Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Primoris Services' net income changed over the last 9 years?

Primoris Services' net income appears to be on an upward trend, with a most recent value of $180.89 million in 2024, rising from $37.15 million in 2015. The previous period was $126.15 million in 2023. Find out what analysts predict for Primoris Services in the coming months.

What is Primoris Services's operating income?

Primoris Services's total operating income in 2024 was $317.45 million, based on the following breakdown:

Total Gross Profit: $703.25 million
Total Operating Expenses: $385.79 million

How has Primoris Services revenue changed over the last 9 years?

Over the last 9 years, Primoris Services' total revenue changed from $1.93 billion in 2015 to $6.37 billion in 2024, a change of 230.0%.

How much debt does Primoris Services have?

Primoris Services' total liabilities were at $2.79 billion at the end of 2024, a 7.5% increase from 2023, and a 329.5% increase since 2015.

How much cash does Primoris Services have?

In the past 9 years, Primoris Services' cash and equivalents has ranged from $120.29 million in 2019 to $455.83 million in 2024, and is currently $455.83 million as of their latest financial filing in 2024.

How has Primoris Services' book value per share changed over the last 9 years?

Over the last 9 years, Primoris Services' book value per share changed from 9.35 in 2015 to 26.24 in 2024, a change of 180.6%.

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This page (NASDAQ:PRIM) was last updated on 5/5/2025 by MarketBeat.com Staff

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Primoris Services (PRIM) Financials

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Primoris Services (PRIM) Financials

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