Primoris Services (PRIM) Financials

$71.13 +1.41 (+2.03%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$71.07 -0.06 (-0.08%)

As of 05/23/2025 07:44 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	181	126	133	116	105	82	77	72	27	37
Consolidated Net Income / (Loss)	181	126	133	116	105	84	88	77	28	37
Net Income / (Loss) Continuing Operations	181	126	133	116	105	84	88	77	28	37
Total Pre-Tax Income	255	178	159	152	146	118	113	105	49	61
Total Operating Income	317	253	195	170	164	141	130	106	58	68
Total Gross Profit	703	587	457	417	370	331	326	278	201	220
Total Revenue	6,367	5,715	4,421	3,498	3,491	3,106	2,939	2,380	1,997	1,929
Operating Revenue	6,367	5,715	4,421	3,498	3,491	3,106	2,939	2,380	1,997	1,929
Total Cost of Revenue	5,664	5,128	3,964	3,081	3,121	2,775	2,614	2,102	1,796	1,710
Operating Cost of Revenue	5,664	5,128	3,964	3,081	3,121	2,775	2,614	2,102	1,796	1,710
Total Operating Expenses	386	334	262	247	206	190	195	172	144	152
Selling, General & Admin Expense	383	329	282	230	203	189	182	170	140	152
Other Operating Expenses / (Income)	0.00	0.00	-40	-	-	-	-	-	-	-
Restructuring Charge	2.44	5.69	20	16	3.43	0.92	13	1.77	0.82	-
Total Other Income / (Expense), net	-63	-75	-36	-18	-18	-23	-17	-1.01	-8.88	-6.67
Interest & Investment Income	-65	-78	-39	-18	-20	-19	1.75	6.40	0.15	0.06
Other Income / (Expense), net	2.78	2.77	3.16	0.20	1.61	-3.82	-0.12	0.74	-0.11	0.96
Income Tax Expense	74	52	26	36	41	34	26	28	21	24
Basic Earnings per Share	$3.37	$2.37	$2.50	$2.19	$2.17	$1.62	$1.51	$1.41	$0.52	$0.71
Weighted Average Basic Shares Outstanding	53.64M	53.30M	53.20M	52.67M	48.30M	50.78M	51.35M	51.48M	51.76M	51.65M
Diluted Earnings per Share	$3.31	$2.33	$2.47	$2.17	$2.16	$1.61	$1.50	$1.40	$0.51	$0.71
Weighted Average Diluted Shares Outstanding	54.58M	54.22M	53.76M	53.16M	48.63M	51.08M	51.67M	51.74M	51.99M	51.80M
Weighted Average Basic & Diluted Shares Outstanding	53.75M	53.44M	53.14M	53.22M	49.15M	48.67M	50.72M	51.30M	51.40M	51.90M
Cash Dividends to Common per Share	$0.26	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.23	$0.22	$0.21

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	44	54	58	50	19	38	48	39	1.31	42	43
Consolidated Net Income / (Loss)	44	54	58	50	19	38	48	39	1.31	42	43
Net Income / (Loss) Continuing Operations	44	54	58	50	19	38	48	39	1.31	42	43
Total Pre-Tax Income	62	76	82	70	27	53	68	55	1.82	45	53
Total Operating Income	70	88	100	86	44	75	88	71	19	61	66
Total Gross Profit	171	185	199	187	133	157	174	157	100	153	155
Total Revenue	1,648	1,741	1,649	1,564	1,413	1,516	1,529	1,413	1,257	1,329	1,284
Operating Revenue	1,648	1,741	1,649	1,564	1,413	1,516	1,529	1,413	1,257	1,329	1,284
Total Cost of Revenue	1,477	1,557	1,451	1,377	1,279	1,359	1,356	1,256	1,157	1,176	1,129
Operating Cost of Revenue	1,477	1,557	1,451	1,377	1,279	1,359	1,356	1,256	1,157	1,176	1,129
Total Operating Expenses	100	97	99	101	89	82	85	86	81	92	88
Selling, General & Admin Expense	100	97	98	100	89	81	84	86	78	91	76
Restructuring Charge	0.79	0.47	0.91	0.52	0.55	1.01	1.08	0.90	2.70	1.83	13
Total Other Income / (Expense), net	-8.06	-11	-17	-16	-18	-22	-21	-16	-17	-15	-14
Interest & Investment Income	-7.79	-12	-18	-17	-18	-22	-21	-17	-18	-19	-13
Other Income / (Expense), net	-0.27	0.89	0.61	0.84	0.43	-0.05	0.47	1.09	1.26	3.13	-0.56
Income Tax Expense	18	22	24	20	7.74	15	20	16	0.51	3.95	9.81
Basic Earnings per Share	$0.82	$1.01	$1.09	$0.92	$0.35	$0.72	$0.90	$0.73	$0.02	$0.78	$0.81
Weighted Average Basic Shares Outstanding	53.81M	53.64M	53.69M	53.64M	53.49M	53.30M	53.34M	53.30M	53.18M	53.20M	53.18M
Diluted Earnings per Share	$0.81	$0.98	$1.07	$0.91	$0.35	$0.70	$0.89	$0.72	$0.02	$0.77	$0.80
Weighted Average Diluted Shares Outstanding	54.71M	54.58M	54.68M	54.65M	54.41M	54.22M	54.35M	54.32M	53.94M	53.76M	53.75M
Weighted Average Basic & Diluted Shares Outstanding	54.00M	53.75M	53.71M	53.67M	53.64M	53.44M	53.36M	53.33M	53.28M	53.14M	53.11M
Cash Dividends to Common per Share	$0.08	$0.08	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06	$0.06

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-104	103	145	29	-40	57	38	28	-158	126	37
Net Cash From Operating Activities	66	298	222	16	-28	206	74	35	-115	185	-11
Net Cash From Continuing Operating Activities	66	298	222	16	-28	206	74	35	-115	185	-11
Net Income / (Loss) Continuing Operations	44	54	58	50	19	38	48	39	1.31	42	43
Consolidated Net Income / (Loss)	44	54	58	50	19	38	48	39	1.31	42	43
Depreciation Expense	21	23	23	26	25	26	27	27	28	30	29
Non-Cash Adjustments To Reconcile Net Income	-166	23	65	-13	-37	-116	31	-92	-87	15	-89
Changes in Operating Assets and Liabilities, net	166	199	77	-46	-35	259	-33	60	-57	99	6.84
Net Cash From Investing Activities	-33	-26	-40	35	4.19	-4.39	-16	-3.16	-6.47	3.07	-441
Net Cash From Continuing Investing Activities	-33	-26	-40	35	4.19	-4.39	-16	-3.16	-6.47	3.07	-441
Purchase of Property, Plant & Equipment	-41	-28	-64	-24	-10	-21	-40	-29	-14	-19	-9.88
Sale of Property, Plant & Equipment	7.41	1.88	24	59	15	16	24	16	7.38	22	8.05
Net Cash From Financing Activities	-137	-170	-35	-24	-15	-145	-19	-4.51	-37	-63	489
Net Cash From Continuing Financing Activities	-137	-170	-35	-24	-15	-145	-19	-4.51	-37	-63	489
Repayment of Debt	-124	-166	-30	-20	-7.89	-152	-66	-316	-108	-77	-38
Payment of Dividends	-4.30	-3.23	-3.22	-3.22	-3.20	-3.20	-3.20	-3.20	-3.19	-3.20	-3.19
Issuance of Common Equity	0.78	-	-	-	0.62	-	-	-	0.49	-	-
Other Financing Activities, net	-9.91	-0.88	-1.82	-0.13	-4.64	-0.10	-0.25	-0.05	-1.34	-	-
Effect of Exchange Rate Changes	0.01	1.56	-2.05	1.97	-0.31	0.94	-0.60	1.03	-0.08	0.82	-0.88
Cash Interest Paid	7.30	12	16	27	6.83	25	20	20	17	17	8.44
Cash Income Taxes Paid	-0.42	50	6.27	9.22	-0.02	12	9.67	0.33	-17	1.03	0.40

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,217	4,240	4,050	3,954	3,803	3,722	3,523	3,454
Total Current Assets	2,174	2,223	2,091	1,999	1,891	1,871	1,682	1,662
Cash & Equivalents	352	353	207	178	161	123	95	112
Accounts Receivable	757	941	888	812	852	818	746	688
Prepaid Expenses	127	123	123	138	135	143	119	217
Other Current Assets	939	806	873	872	744	787	722	646
Plant, Property, & Equipment, net	507	484	446	463	489	481	484	509
Total Noncurrent Assets	1,537	1,533	1,512	1,492	1,423	1,371	1,357	1,284
Goodwill	857	858	858	858	858	858	872	820
Intangible Assets	203	213	217	222	233	238	243	270
Other Noncurrent Operating Assets	477	463	437	412	332	275	242	186
Total Liabilities & Shareholders' Equity	4,217	4,240	4,050	3,954	3,803	3,722	3,523	3,454
Total Liabilities	2,772	2,882	2,751	2,705	2,606	2,572	2,414	2,386
Total Current Liabilities	1,783	1,612	1,485	1,448	1,298	1,289	1,134	1,086
Short-Term Debt	68	77	89	90	85	76	78	80
Accounts Payable	795	489	584	632	500	513	561	477
Accrued Expenses	360	386	325	283	322	278	224	269
Dividends Payable	4.32	3.22	3.22	3.22	3.20	3.20	3.20	3.20
Other Current Liabilities	555	657	484	440	388	418	268	256
Total Noncurrent Liabilities	988	1,270	1,266	1,257	1,308	1,283	1,279	1,301
Long-Term Debt	544	827	844	862	1,014	1,037	1,035	1,122
Noncurrent Deferred & Payable Income Tax Liabilities	64	59	59	59	29	30	55	42
Other Noncurrent Operating Liabilities	381	383	363	335	266	216	190	136
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,446	1,358	1,299	1,249	1,197	1,150	1,109	1,068
Total Preferred & Common Equity	1,446	1,358	1,299	1,249	1,197	1,150	1,109	1,068
Total Common Equity	1,446	1,358	1,299	1,249	1,197	1,150	1,109	1,068
Common Stock	282	282	279	275	273	269	266	262
Retained Earnings	1,168	1,078	1,023	977	927	882	846	809
Accumulated Other Comprehensive Income / (Loss)	-4.14	-1.86	-2.68	-2.06	-2.57	-1.13	-2.51	-3.18

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.66%	14.90%	7.82%	10.64%	12.40%	14.02%	19.11%	38.17%	60.24%	50.28%	40.61%
EBITDA Growth	32.12%	10.63%	6.29%	13.85%	44.22%	7.00%	22.31%	11.65%	131.36%	46.59%	2.02%
EBIT Growth	56.92%	18.30%	12.70%	20.91%	120.22%	16.85%	34.81%	5.74%	3,379.42%	71.57%	0.70%
NOPAT Growth	59.06%	16.82%	12.60%	21.63%	129.33%	-4.41%	15.94%	-5.77%	2,663.51%	66.68%	14.39%
Net Income Growth	133.54%	43.30%	21.38%	26.93%	1,346.03%	-9.26%	11.86%	-22.18%	178.26%	40.49%	-2.31%
EPS Growth	131.43%	40.00%	20.22%	26.39%	1,650.00%	-9.09%	11.25%	-22.58%	166.67%	35.09%	-1.23%
Operating Cash Flow Growth	332.48%	45.00%	201.89%	-53.44%	75.32%	10.96%	774.65%	135.32%	-1,853.64%	189.08%	-215.49%
Free Cash Flow Firm Growth	172.15%	335.55%	243.98%	139.40%	121.24%	116.12%	113.32%	-154.19%	-362.97%	30.33%	-3.39%
Invested Capital Growth	-15.61%	-14.49%	-10.56%	-5.37%	-4.84%	-1.35%	-1.08%	30.22%	43.65%	38.00%	48.03%
Revenue Q/Q Growth	-5.35%	5.59%	5.46%	10.69%	-6.79%	-0.91%	8.22%	12.45%	-5.44%	3.51%	25.53%
EBITDA Q/Q Growth	-17.62%	-9.59%	9.09%	62.60%	-31.01%	-13.14%	16.85%	105.97%	-48.82%	-0.71%	6.67%
EBIT Q/Q Growth	-20.78%	-11.66%	15.25%	94.56%	-40.28%	-15.84%	23.63%	254.37%	-68.31%	-2.90%	-3.02%
NOPAT Q/Q Growth	-19.52%	-12.18%	15.66%	94.56%	-40.89%	-15.34%	24.94%	266.83%	-75.36%	2.68%	1.54%
Net Income Q/Q Growth	-18.02%	-7.65%	17.95%	161.54%	-49.70%	-21.78%	23.34%	2,879.54%	-96.84%	-3.58%	-14.18%
EPS Q/Q Growth	-17.35%	-8.41%	17.58%	160.00%	-50.00%	-21.35%	23.61%	3,500.00%	-97.40%	-3.75%	-13.98%
Operating Cash Flow Q/Q Growth	-77.81%	34.08%	1,284.52%	156.45%	-113.84%	179.16%	113.55%	129.92%	-162.22%	1,797.32%	88.82%
Free Cash Flow Firm Q/Q Growth	4.94%	17.76%	68.25%	30.90%	67.94%	-7.00%	119.27%	29.42%	-27.47%	23.20%	-267.85%
Invested Capital Q/Q Growth	1.04%	-11.48%	-5.71%	0.07%	2.37%	-7.40%	-0.24%	0.62%	6.14%	-7.15%	31.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.35%	10.60%	12.04%	11.94%	9.44%	10.33%	11.37%	11.13%	7.93%	11.54%	12.06%
EBITDA Margin	5.55%	6.38%	7.45%	7.20%	4.90%	6.62%	7.56%	7.00%	3.82%	7.06%	7.36%
Operating Margin	4.27%	5.03%	6.04%	5.50%	3.13%	4.94%	5.78%	5.01%	1.51%	4.58%	5.18%
EBIT Margin	4.25%	5.08%	6.07%	5.56%	3.16%	4.94%	5.81%	5.09%	1.61%	4.82%	5.13%
Profit (Net Income) Margin	2.68%	3.10%	3.54%	3.17%	1.34%	2.48%	3.15%	2.76%	0.10%	3.12%	3.35%
Tax Burden Percent	71.00%	70.87%	71.00%	71.00%	71.00%	71.00%	71.00%	70.97%	71.98%	91.30%	81.44%
Interest Burden Percent	88.89%	86.06%	82.17%	80.29%	59.72%	70.91%	76.30%	76.51%	8.97%	71.01%	80.17%
Effective Tax Rate	29.00%	29.13%	29.00%	29.00%	29.00%	29.00%	29.00%	29.03%	28.02%	8.70%	18.56%
Return on Invested Capital (ROIC)	10.71%	12.36%	13.00%	11.28%	6.28%	10.05%	10.56%	9.91%	2.95%	10.68%	9.26%
ROIC Less NNEP Spread (ROIC-NNEP)	9.61%	10.78%	11.36%	9.94%	4.89%	8.17%	9.12%	8.52%	1.32%	8.62%	7.85%
Return on Net Nonoperating Assets (RNNOA)	3.72%	4.18%	6.65%	6.99%	3.73%	5.72%	8.19%	6.27%	0.95%	5.59%	6.05%
Return on Equity (ROE)	14.43%	16.54%	19.65%	18.27%	10.01%	15.77%	18.75%	16.18%	3.90%	16.28%	15.31%
Cash Return on Invested Capital (CROIC)	29.98%	27.89%	21.83%	15.51%	14.47%	10.37%	9.59%	-17.03%	-25.99%	-22.51%	-30.91%
Operating Return on Assets (OROA)	6.87%	8.06%	9.27%	8.61%	4.97%	7.65%	8.85%	8.35%	2.58%	6.99%	6.75%
Return on Assets (ROA)	4.34%	4.92%	5.41%	4.91%	2.11%	3.85%	4.80%	4.53%	0.17%	4.53%	4.40%
Return on Common Equity (ROCE)	14.43%	16.54%	19.65%	18.27%	10.01%	15.77%	18.75%	16.18%	3.90%	16.28%	15.31%
Return on Equity Simple (ROE_SIMPLE)	14.26%	0.00%	12.12%	11.88%	11.51%	0.00%	10.86%	10.86%	12.26%	0.00%	11.34%
Net Operating Profit after Tax (NOPAT)	50	62	71	61	31	53	63	50	14	56	54
NOPAT Margin	3.03%	3.56%	4.29%	3.91%	2.22%	3.51%	4.10%	3.55%	1.09%	4.18%	4.22%
Net Nonoperating Expense Percent (NNEP)	1.10%	1.58%	1.64%	1.34%	1.39%	1.89%	1.44%	1.40%	1.63%	2.07%	1.41%
Return On Investment Capital (ROIC_SIMPLE)	2.43%	2.89%	-	-	-	2.42%	-	-	-	2.47%	-
Cost of Revenue to Revenue	89.65%	89.40%	87.96%	88.06%	90.56%	89.67%	88.63%	88.87%	92.07%	88.46%	87.94%
SG&A Expenses to Revenue	6.04%	5.54%	5.95%	6.40%	6.27%	5.33%	5.52%	6.05%	6.21%	6.82%	5.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.09%	5.57%	6.00%	6.44%	6.31%	5.39%	5.59%	6.12%	6.42%	6.96%	6.89%
Earnings before Interest and Taxes (EBIT)	70	88	100	87	45	75	89	72	20	64	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	111	123	113	69	100	116	99	48	94	94
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	2.91	2.30	2.06	1.82	1.43	1.45	1.40	1.17	1.04	0.80
Price to Tangible Book Value (P/TBV)	8.00	11.90	10.83	11.93	13.39	11.69	16.31	29.91	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.47	0.64	0.51	0.44	0.39	0.31	0.31	0.31	0.27	0.26	0.21
Price to Earnings (P/E)	14.97	22.69	18.94	17.34	15.78	13.98	13.35	12.92	9.56	8.65	7.05
Dividend Yield	0.49%	0.34%	0.41%	0.48%	0.56%	0.73%	0.74%	0.79%	0.98%	1.11%	1.50%
Earnings Yield	6.68%	4.41%	5.28%	5.77%	6.34%	7.15%	7.49%	7.74%	10.47%	11.56%	14.19%
Enterprise Value to Invested Capital (EV/IC)	1.96	2.59	1.92	1.68	1.50	1.26	1.25	1.21	1.09	1.02	0.90
Enterprise Value to Revenue (EV/Rev)	0.51	0.69	0.60	0.56	0.52	0.44	0.48	0.49	0.47	0.46	0.49
Enterprise Value to EBITDA (EV/EBITDA)	7.64	10.54	9.06	8.55	7.92	6.90	7.50	7.77	7.13	6.87	7.26
Enterprise Value to EBIT (EV/EBIT)	9.68	13.69	11.97	11.52	10.86	9.79	10.91	11.72	10.62	10.30	11.31
Enterprise Value to NOPAT (EV/NOPAT)	13.72	19.46	16.96	16.32	15.40	13.94	14.63	14.89	13.03	12.54	13.73
Enterprise Value to Operating Cash Flow (EV/OCF)	5.55	8.62	8.82	12.74	10.66	12.61	15.00	27.81	0.00	24.54	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	5.97	8.56	8.30	10.52	10.12	12.12	12.97	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.52	0.67	0.72	0.76	0.78	0.92	0.97	1.00	1.03	1.13
Long-Term Debt to Equity	0.38	0.47	0.61	0.65	0.69	0.72	0.85	0.90	0.93	0.96	1.05
Financial Leverage	0.39	0.39	0.59	0.70	0.76	0.70	0.90	0.74	0.72	0.65	0.77
Leverage Ratio	3.03	3.03	3.15	3.17	3.17	3.14	3.20	2.95	2.92	2.90	2.96
Compound Leverage Factor	2.70	2.61	2.59	2.55	1.89	2.23	2.44	2.26	0.26	2.06	2.37
Debt to Total Capital	29.74%	34.27%	39.96%	41.80%	43.24%	43.67%	47.86%	49.20%	50.07%	50.77%	52.95%
Short-Term Debt to Total Capital	3.31%	3.48%	3.39%	4.00%	4.07%	3.32%	3.71%	3.37%	3.49%	3.47%	3.53%
Long-Term Debt to Total Capital	26.43%	30.79%	36.56%	37.80%	39.17%	40.35%	44.15%	45.83%	46.58%	47.30%	49.43%
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%	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%	0.00%
Common Equity to Total Capital	70.26%	65.73%	60.04%	58.20%	56.76%	56.33%	52.14%	50.80%	49.93%	49.23%	47.05%
Debt to EBITDA	1.40	1.77	2.23	2.35	2.48	2.64	3.08	3.32	3.42	3.84	4.49
Net Debt to EBITDA	0.59	0.67	1.36	1.82	2.02	2.04	2.63	2.95	3.13	3.01	4.07
Long-Term Debt to EBITDA	1.24	1.59	2.04	2.12	2.24	2.44	2.84	3.09	3.19	3.58	4.19
Debt to NOPAT	2.51	3.26	4.18	4.48	4.82	5.33	6.01	6.37	6.26	7.01	8.49
Net Debt to NOPAT	1.07	1.24	2.55	3.48	3.92	4.12	5.13	5.66	5.72	5.49	7.70
Long-Term Debt to NOPAT	2.23	2.93	3.82	4.05	4.36	4.93	5.55	5.93	5.82	6.53	7.93
Altman Z-Score	2.79	2.99	2.70	2.67	2.54	2.49	2.46	2.38	2.25	2.12	1.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.29	1.38	1.41	1.38	1.41	1.46	1.45	1.48	1.50	1.53
Quick Ratio	0.62	0.77	0.80	0.74	0.68	0.68	0.78	0.73	0.74	0.80	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	366	349	296	176	135	80	86	-447	-634	-497	-647
Operating Cash Flow to CapEx	199.45%	1,132.30%	553.58%	0.00%	0.00%	4,686.69%	460.70%	276.99%	-1,782.64%	0.00%	-597.48%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.62	1.59	1.53	1.55	1.57	1.55	1.52	1.64	1.60	1.45	1.31
Accounts Receivable Turnover	8.42	8.38	6.85	7.06	7.53	8.48	7.18	7.47	8.18	7.79	6.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.62	13.21	12.61	12.99	12.40	11.79	11.08	11.20	10.39	9.54	8.43
Accounts Payable Turnover	8.21	9.04	11.05	9.79	8.80	8.81	10.12	10.99	10.33	9.81	9.02
Days Sales Outstanding (DSO)	43.36	43.56	53.27	51.72	48.44	43.06	50.82	48.89	44.64	46.85	57.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	44.45	40.38	33.03	37.28	41.50	41.42	36.08	33.22	35.35	37.22	40.45
Cash Conversion Cycle (CCC)	-1.10	3.18	20.25	14.44	6.95	1.64	14.74	15.67	9.29	9.63	16.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,710	1,693	1,912	2,028	2,027	1,980	2,138	2,143	2,130	2,007	2,161
Invested Capital Turnover	3.53	3.47	3.03	2.89	2.82	2.87	2.57	2.79	2.71	2.55	2.20
Increase / (Decrease) in Invested Capital	-316	-287	-226	-115	-103	-27	-23	497	647	553	701
Enterprise Value (EV)	3,346	4,383	3,668	3,402	3,043	2,504	2,674	2,604	2,317	2,045	1,943
Market Capitalization	3,086	4,104	3,117	2,676	2,269	1,764	1,736	1,613	1,300	1,150	853
Book Value per Share	$26.90	$26.24	$25.30	$24.22	$23.36	$23.17	$22.44	$21.57	$20.87	$20.88	$20.07
Tangible Book Value per Share	$7.17	$6.42	$5.36	$4.18	$3.17	$2.83	$2.00	$1.01	($0.11)	($0.23)	($0.43)
Total Capital	2,058	2,144	2,262	2,232	2,201	2,194	2,296	2,263	2,222	2,252	2,270
Total Debt	612	735	904	933	952	958	1,099	1,113	1,112	1,143	1,202
Total Long-Term Debt	544	660	827	844	862	885	1,014	1,037	1,035	1,065	1,122
Net Debt	260	279	551	726	774	740	938	990	1,018	895	1,090
Capital Expenditures (CapEx)	33	26	40	-35	-4.19	4.39	16	12	6.47	-3.07	1.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	107	108	334	488	463	405	518	535	530	396	545
Debt-free Net Working Capital (DFNWC)	459	563	687	696	641	623	678	658	625	644	657
Net Working Capital (NWC)	391	489	610	606	551	550	593	582	548	566	576
Net Nonoperating Expense (NNE)	5.72	8.11	12	12	12	15	15	11	12	14	11
Net Nonoperating Obligations (NNO)	265	283	554	729	777	744	941	994	1,021	898	1,093
Total Depreciation and Amortization (D&A)	21	23	23	26	25	26	27	27	28	30	29
Debt-free, Cash-free Net Working Capital to Revenue	1.62%	1.69%	5.44%	8.11%	7.89%	7.09%	9.36%	10.13%	10.84%	8.95%	13.70%
Debt-free Net Working Capital to Revenue	6.95%	8.85%	11.19%	11.55%	10.91%	10.90%	12.27%	12.45%	12.78%	14.58%	16.51%
Net Working Capital to Revenue	5.92%	7.68%	9.94%	10.07%	9.39%	9.63%	10.73%	11.01%	11.19%	12.81%	14.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	$1.01	$1.09	$0.92	$0.35	$0.72	$0.90	$0.73	$0.02	$0.78	$0.81
Adjusted Weighted Average Basic Shares Outstanding	53.81M	53.64M	53.69M	53.64M	53.49M	53.30M	53.34M	53.30M	53.18M	53.20M	53.18M
Adjusted Diluted Earnings per Share	$0.81	$0.98	$1.07	$0.91	$0.35	$0.70	$0.89	$0.72	$0.02	$0.77	$0.80
Adjusted Weighted Average Diluted Shares Outstanding	54.71M	54.58M	54.68M	54.65M	54.41M	54.22M	54.35M	54.32M	53.94M	53.76M	53.75M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.00M	53.75M	53.71M	53.67M	53.64M	53.44M	53.36M	53.33M	53.28M	53.14M	53.11M
Normalized Net Operating Profit after Tax (NOPAT)	51	62	71	61	32	54	64	51	16	57	64
Normalized NOPAT Margin	3.07%	3.58%	4.33%	3.93%	2.25%	3.55%	4.15%	3.60%	1.24%	4.31%	5.02%
Pre Tax Income Margin	3.78%	4.37%	4.99%	4.46%	1.89%	3.50%	4.43%	3.89%	0.14%	3.42%	4.12%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.77%	7.11%	7.80%	8.31%	8.90%	10.13%	9.83%	10.23%	9.39%	9.61%	10.58%
Augmented Payout Ratio	6.77%	7.11%	7.80%	8.31%	8.90%	10.13%	9.83%	10.23%	9.39%	14.11%	27.69%

Frequently Asked Questions About Primoris Services' Financials

When does Primoris Services's fiscal year end?

According to the most recent income statement we have on file, Primoris Services' financial year ends in December. Their financial 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. See Primoris Services' forecast for analyst expectations on what’s next for the company.

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 5/25/2025 by MarketBeat.com Staff

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Primoris Services (PRIM) Financials

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Primoris Services (PRIM) Financials

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