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Primoris Services (PRIM) Financials

Primoris Services logo
$80.98 -0.48 (-0.59%)
Closing price 08/13/2026 03:59 PM Eastern
Extended Trading
$81.88 +0.90 (+1.11%)
As of 06:31 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Primoris Services

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 37 27 72 77 82 105 116 133 126 181 275
Consolidated Net Income / (Loss)		 37 28 77 88 84 105 116 133 126 181 275
Net Income / (Loss) Continuing Operations		 37 28 77 88 84 105 116 133 126 181 275
Total Pre-Tax Income 		61 49 105 113 118 146 152 159 178 255 384
Total Operating Income		 68 58 106 130 141 164 170 195 253 317 412
Total Gross Profit		 220 201 278 326 331 370 417 457 588 703 813
Total Revenue		 1,929 1,997 2,380 2,939 3,106 3,491 3,498 4,421 5,715 6,367 7,575
Operating Revenue		 1,929 1,997 2,380 2,939 3,106 3,491 3,498 4,421 5,715 6,367 7,575
Total Cost of Revenue		 1,710 1,796 2,102 2,614 2,775 3,121 3,081 3,964 5,128 5,664 6,762
Operating Cost of Revenue		 1,710 1,796 2,102 2,614 2,775 3,121 3,081 3,964 5,128 5,664 6,762
Total Operating Expenses		 152 144 172 195 190 206 247 262 334 386 402
Selling, General & Admin Expense		 152 140 170 182 189 203 230 282 329 383 399
Restructuring Charge		 - 0.82 1.77 13 0.92 3.43 16 20 5.70 2.50 2.40
Total Other Income / (Expense), net		 -6.67 -8.88 -1.01 -17 -23 -18 -18 -36 -76 -63 -28
Interest & Investment Income		 0.06 0.15 6.40 1.75 -19 -20 -18 -39 -78 -65 -29
Other Income / (Expense), net		 0.96 -0.11 0.74 -0.12 -3.82 1.61 0.20 3.16 2.70 2.80 1.20
Income Tax Expense		 24 21 28 26 34 41 36 26 52 74 109
Basic Earnings per Share		 $0.71 $0.52 $1.41 $1.51 $1.62 $2.17 $2.19 $2.50 $2.37 $3.37 $5.09
Weighted Average Basic Shares Outstanding		 51.65M 51.76M 51.48M 51.35M 50.78M 48.30M 52.67M 53.20M 53.30M 53.60M 54M
Diluted Earnings per Share		 $0.71 $0.51 $1.40 $1.50 $1.61 $2.16 $2.17 $2.47 $2.33 $3.31 $5.02
Weighted Average Diluted Shares Outstanding		 51.80M 51.99M 51.74M 51.67M 51.08M 48.63M 53.16M 53.76M 54.20M 54.60M 54.80M
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 54.06M
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 $0.32

Quarterly Income Statements for Primoris Services

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 38 19 50 58 54 44 84 95 52 17 -24
Consolidated Net Income / (Loss)		 38 19 50 58 54 44 84 95 52 17 -24
Net Income / (Loss) Continuing Operations		 38 19 50 58 54 44 84 95 52 17 -24
Total Pre-Tax Income 		53 27 70 82 76 62 119 131 72 20 -37
Total Operating Income		 75 44 86 100 88 70 127 137 77 24 -27
Total Gross Profit		 157 133 187 199 185 171 232 236 175 135 82
Total Revenue		 1,516 1,413 1,564 1,649 1,741 1,648 1,891 2,178 1,858 1,560 1,688
Operating Revenue		 1,516 1,413 1,564 1,649 1,741 1,648 1,891 2,178 1,858 1,560 1,688
Total Cost of Revenue		 1,359 1,279 1,377 1,451 1,557 1,477 1,659 1,943 1,683 1,425 1,606
Operating Cost of Revenue		 1,359 1,279 1,377 1,451 1,557 1,477 1,659 1,943 1,683 1,425 1,606
Total Operating Expenses		 82 89 101 99 97 100 105 99 98 110 109
Selling, General & Admin Expense		 81 89 100 98 97 100 105 98 97 106 106
Restructuring Charge		 1.01 0.55 0.52 0.91 0.47 0.80 0.50 1.02 0.05 4.50 2.90
Total Other Income / (Expense), net		 -22 -18 -16 -17 -11 -8.10 -7.90 -5.94 -5.63 -4.50 -9.80
Interest & Investment Income		 -22 -18 -17 -18 -12 -7.80 -7.50 -6.96 -6.40 -4.60 -11
Other Income / (Expense), net		 -0.05 0.43 0.84 0.61 0.89 -0.30 -0.40 1.02 0.78 0.10 0.80
Income Tax Expense		 15 7.74 20 24 22 18 34 36 20 2.50 -12
Basic Earnings per Share		 $0.72 $0.35 $0.92 $1.09 $1.01 $0.82 $1.56 $1.75 $0.96 $0.32 ($0.45)
Weighted Average Basic Shares Outstanding		 53.30M 53.49M 53.64M 53.69M 53.64M 53.80M 54M 54.02M 54M 54.10M 54M
Diluted Earnings per Share		 $0.70 $0.35 $0.91 $1.07 $0.98 $0.81 $1.54 $1.73 $0.94 $0.32 ($0.45)
Weighted Average Diluted Shares Outstanding		 54.22M 54.41M 54.65M 54.68M 54.58M 54.70M 54.80M 54.80M 54.80M 54.80M 54M
Weighted Average Basic & Diluted Shares Outstanding		 53.44M 53.64M 53.67M 53.71M 53.75M 54.00M 54.01M 54.03M 54.06M 54.25M 53.83M
Cash Dividends to Common per Share		 $0.06 $0.06 $0.06 $0.06 $0.08 $0.08 $0.08 $0.08 $0.08 $0.08 $0.08

Annual Cash Flow Statements for Primoris Services

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 22 -25 35 -18 -30 208 -125 53 -36 238 80
Net Cash From Operating Activities		 48 63 189 127 119 313 80 83 199 508 470
Net Cash From Continuing Operating Activities		 48 63 189 127 119 313 80 83 199 508 470
Net Income / (Loss) Continuing Operations		 37 28 77 88 84 105 116 133 126 181 275
Consolidated Net Income / (Loss)		 37 28 77 88 84 105 116 133 126 181 275
Depreciation Expense		 58 61 58 79 85 82 106 99 107 96 92
Non-Cash Adjustments To Reconcile Net Income		 -2.62 -40 2.03 -70 9.63 14 -71 -183 -264 37 -161
Changes in Operating Assets and Liabilities, net		 -51 7.04 44 30 -60 112 -70 34 229 195 265
Net Cash From Investing Activities		 -49 -59 -131 -209 -66 -43 -691 -482 -30 -27 -94
Net Cash From Continuing Investing Activities		 -49 -59 -131 -209 -66 -43 -691 -482 -30 -27 -94
Purchase of Property, Plant & Equipment		 -67 -58 -80 -110 -94 -64 -134 -95 -103 -127 -130
Acquisitions		 -22 -11 -66 -111 0.00 0.00 -607 -478 9.30 0.00 0.00
Sale of Property, Plant & Equipment		 9.89 9.60 8.74 27 29 22 50 41 64 99 33
Sale and/or Maturity of Investments		 31 - 19 - - - - - 0.00 0.00 3.50
Net Cash From Financing Activities		 22 -28 -23 64 -83 -63 486 452 -205 -244 -296
Net Cash From Continuing Financing Activities		 22 -28 -23 64 -83 -63 486 452 -205 -244 -296
Repayment of Debt		 -45 -59 -63 -337 -291 -74 -227 -186 -641 -224 -330
Payment of Dividends		 -9.84 -11 -11 -25 -12 -12 -13 -13 -13 -13 -17
Issuance of Debt		 75 45 55 446 268 34 562 658 450 0.00 63
Other Financing Activities, net		 - - - -1.20 -50 - - -1.32 -1.70 -7.50 -12
Effect of Exchange Rate Changes		 - - - - 0.40 -0.14 0.46 -0.10 1.30 1.20 -0.30
Cash Interest Paid		 7.69 8.82 7.97 16 16 17 22 37 82 61 22
Cash Income Taxes Paid		 19 8.62 26 14 17 27 39 3.57 5.10 65 87

Quarterly Cash Flow Statements for Primoris Services

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 57 -40 29 145 103 -104 39 41 104 -174 -143
Net Cash From Operating Activities		 206 -28 16 222 298 66 78 183 143 -123 -8.70
Net Cash From Continuing Operating Activities		 206 -28 16 222 298 66 78 183 143 -123 -8.70
Net Income / (Loss) Continuing Operations		 38 19 50 58 54 44 84 95 52 17 -24
Consolidated Net Income / (Loss)		 38 19 50 58 54 44 84 95 52 17 -24
Depreciation Expense		 26 25 26 23 23 21 23 24 24 24 31
Non-Cash Adjustments To Reconcile Net Income		 -116 -31 -13 65 23 -166 21 -42 26 23 4.40
Changes in Operating Assets and Liabilities, net		 259 -41 -46 77 199 166 -50 107 41 -187 -20
Net Cash From Investing Activities		 -4.39 4.19 35 -40 -26 -33 -26 -19 -16 -13 -419
Net Cash From Continuing Investing Activities		 -4.39 4.19 35 -40 -26 -33 -26 -19 -16 -13 -419
Purchase of Property, Plant & Equipment		 -21 -10 -24 -64 -28 -41 -33 -34 -22 -28 -23
Sale of Property, Plant & Equipment		 16 15 59 24 1.88 7.40 7.18 12 5.48 7.10 5.40
Net Cash From Financing Activities		 -145 -15 -24 -35 -170 -137 -14 -123 -22 -39 283
Net Cash From Continuing Financing Activities		 -145 -15 -24 -35 -170 -137 -14 -123 -22 -39 283
Repayment of Debt		 -152 -7.89 -20 -30 -166 -123 -59 -130 -17 -17 -232
Payment of Dividends		 -3.20 -3.20 -3.22 -3.22 -3.23 -4.30 -4.32 -4.32 -4.36 -4.30 -4.40
Other Financing Activities, net		 -0.10 -4.64 -0.13 -1.82 -0.88 -9.90 -0.29 -0.79 -0.81 -18 -2.10
Effect of Exchange Rate Changes		 0.94 -0.31 1.97 -2.05 1.56 0.00 0.98 0.18 -1.47 -0.20 0.70
Cash Interest Paid		 25 6.83 27 16 12 7.30 -0.04 13 1.84 8.10 10
Cash Income Taxes Paid		 12 -0.02 9.22 6.27 50 -0.40 26 15 46 0.00 21

Annual Balance Sheets for Primoris Services

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 2025
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 12/31/2025
Total Assets		 1,132 1,171 1,256 1,594 1,830 1,970 2,543 3,544 3,827 4,196 4,408
Total Current Assets		 687 731 743 924 913 1,115 1,182 1,704 1,885 2,160 2,334
Cash & Equivalents		 161 136 170 151 120 327 201 249 218 456 536
Accounts Receivable		 437 527 292 373 405 432 472 663 685 834 723
Prepaid Expenses		 18 19 15 36 43 30 86 176 136 96 138
Other Current Assets		 - - 266 364 345 326 424 616 846 774 937
Plant, Property, & Equipment, net		 284 277 312 376 0.00 356 433 494 476 488 531
Total Noncurrent Assets		 162 162 201 294 918 498 928 1,346 1,466 1,548 1,543
Goodwill		 124 127 153 206 215 215 582 872 858 857 857
Intangible Assets		 36 33 45 81 70 61 171 249 228 208 190
Other Noncurrent Operating Assets		 0.21 2.05 2.58 5.00 632 220 174 225 381 483 496
Total Liabilities & Shareholders' Equity		 1,132 1,171 1,256 1,594 1,830 1,970 2,543 3,544 3,827 4,196 4,408
Total Liabilities		 649 672 694 987 1,201 1,255 1,553 2,435 2,591 2,786 2,727
Total Current Liabilities		 416 450 455 622 670 764 759 1,138 1,335 1,671 1,849
Short-Term Debt		 55 58 65 62 56 48 67 78 73 75 61
Accounts Payable		 124 168 141 249 236 246 273 535 629 624 744
Accrued Expenses		 94 108 76 118 184 201 175 246 263 350 405
Dividends Payable		 2.84 2.84 3.09 3.04 2.92 2.89 3.19 3.19 3.20 4.30 4.30
Other Current Liabilities		 - - 169 190 192 267 240 276 366 617 634
Total Noncurrent Liabilities		 233 222 239 365 530 490 794 1,297 1,256 1,116 878
Long-Term Debt		 220 203 193 306 296 269 594 1,065 885 660 409
Noncurrent Deferred & Payable Income Tax Liabilities		 - 9.83 14 8.17 18 14 39 57 60 64 71
Other Noncurrent Operating Liabilities		 13 9.06 32 52 217 208 161 175 311 392 398
Commitments & Contingencies		 0.00 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 1,681
Total Preferred & Common Equity		 483 497 556 604 629 715 990 1,109 1,236 1,410 1,681
Total Common Equity		 483 497 556 604 629 715 990 1,109 1,236 1,410 1,681
Common Stock		 163 162 161 144 97 89 262 264 276 286 297
Retained Earnings		 320 335 396 461 531 625 727 848 961 1,128 1,386
Accumulated Other Comprehensive Income / (Loss)		 - - - -0.91 0.08 0.96 0.70 -2.62 -0.79 -4.20 -1.50

Quarterly Balance Sheets for Primoris Services

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 3,523 3,722 3,803 3,954 4,050 4,240 4,217 4,536 4,650 4,214 4,639
Total Current Assets		 1,682 1,871 1,891 1,999 2,091 2,223 2,174 2,459 2,566 2,141 2,163
Cash & Equivalents		 95 123 161 178 207 353 352 390 431 362 218
Accounts Receivable		 746 818 852 812 888 941 757 1,020 1,041 754 839
Prepaid Expenses		 119 143 135 138 123 123 127 128 134 108 168
Other Current Assets		 722 787 744 872 873 806 939 921 959 917 938
Plant, Property, & Equipment, net		 484 481 489 463 446 484 507 526 530 536 543
Total Noncurrent Assets		 1,357 1,371 1,423 1,492 1,512 1,533 1,537 1,551 1,554 1,536 1,932
Goodwill		 872 858 858 858 858 858 857 857 857 857 1,052
Intangible Assets		 243 238 233 222 217 213 203 199 194 186 375
Other Noncurrent Operating Assets		 242 275 332 412 437 463 477 495 503 493 506
Total Liabilities & Shareholders' Equity		 3,523 3,722 3,803 3,954 4,050 4,240 4,217 4,536 4,650 4,214 4,639
Total Liabilities		 2,414 2,572 2,606 2,705 2,751 2,882 2,772 3,001 3,022 2,530 3,033
Total Current Liabilities		 1,134 1,289 1,298 1,448 1,485 1,612 1,783 2,020 2,141 1,671 1,831
Short-Term Debt		 78 76 85 90 89 77 68 78 64 57 45
Accounts Payable		 561 513 500 632 584 489 795 826 946 647 692
Accrued Expenses		 224 278 322 283 325 386 360 437 500 391 407
Dividends Payable		 3.20 3.20 3.20 3.22 3.22 3.22 4.32 4.32 4.32 4.30 4.30
Other Current Liabilities		 268 418 388 440 484 657 555 674 627 572 683
Total Noncurrent Liabilities		 1,279 1,283 1,308 1,257 1,266 1,270 988 982 881 859 1,201
Long-Term Debt		 1,035 1,037 1,014 862 844 827 544 525 422 396 752
Noncurrent Deferred & Payable Income Tax Liabilities		 55 30 29 59 59 59 64 65 65 71 55
Other Noncurrent Operating Liabilities		 190 216 266 335 363 383 381 392 395 391 395
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,109 1,150 1,197 1,249 1,299 1,358 1,446 1,535 1,628 1,684 1,606
Total Preferred & Common Equity		 1,109 1,150 1,197 1,249 1,299 1,358 1,446 1,535 1,628 1,684 1,606
Total Common Equity		 1,109 1,150 1,197 1,249 1,299 1,358 1,446 1,535 1,628 1,684 1,606
Common Stock		 266 269 273 275 279 282 282 287 292 288 239
Retained Earnings		 846 882 927 977 1,023 1,078 1,168 1,248 1,338 1,399 1,370
Accumulated Other Comprehensive Income / (Loss)		 -2.51 -1.13 -2.57 -2.06 -2.68 -1.86 -4.14 -0.74 -2.05 -2.40 -3.00

Annual Metrics And Ratios for Primoris Services

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.52% 3.50% 19.18% 23.51% 5.68% 12.40% 0.18% 26.39% 29.29% 11.40% 18.98%
EBITDA Growth		 -17.24% -6.17% 37.93% 20.93% 6.13% 11.51% 11.23% 7.88% 21.91% 14.57% 21.39%
EBIT Growth		 -33.54% -16.14% 85.69% 21.79% 5.14% 20.80% 2.90% 16.52% 28.89% 25.17% 28.89%
NOPAT Growth		 -36.20% -20.50% 136.81% 29.95% -0.34% 17.62% 9.73% 25.79% 10.15% 25.37% 30.78%
Net Income Growth		 -41.66% -25.37% 177.19% 13.98% -3.99% 24.84% 10.25% 14.93% -5.17% 43.40% 51.96%
EPS Growth		 -41.80% -28.17% 174.51% 7.14% 7.33% 34.16% 0.46% 13.82% -5.67% 42.06% 51.66%
Operating Cash Flow Growth		 34.00% 29.35% 201.94% -32.88% -6.21% 163.15% -74.52% 4.51% 138.23% 156.01% -7.46%
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% -28.22%
Invested Capital Growth		 11.53% 4.81% 4.32% 26.53% 4.39% -18.06% 105.54% 38.00% -1.35% -14.49% -4.32%
Revenue Q/Q Growth		 0.50% 5.53% -0.95% 11.31% -2.75% 3.18% -0.37% 11.18% 3.37% 3.68% 1.56%
EBITDA Q/Q Growth		 6.31% 4.26% -1.77% 18.95% -9.05% 3.41% -2.12% 11.13% 1.84% 2.63% -1.68%
EBIT Q/Q Growth		 11.24% 9.95% -3.25% 26.37% -7.71% 5.81% -6.96% 15.54% 4.40% 4.46% -2.42%
NOPAT Q/Q Growth		 8.59% 8.73% 12.20% 17.39% -10.06% 3.68% 0.06% 15.23% -1.68% 4.13% -2.11%
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% -0.81%
EPS Q/Q Growth		 10.94% 6.25% 12.90% 15.38% -6.40% 6.93% -3.98% 8.81% -2.92% 9.24% -0.79%
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% -24.83%
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% -30.16%
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% -3.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 11.40% 10.08% 11.70% 11.08% 10.65% 10.60% 11.91% 10.34% 10.28% 11.05% 10.73%
EBITDA Margin		 6.94% 6.29% 7.28% 7.13% 7.16% 7.10% 7.89% 6.73% 6.35% 6.53% 6.66%
Operating Margin		 3.51% 2.89% 4.47% 4.44% 4.54% 4.70% 4.86% 4.42% 4.43% 4.99% 5.43%
EBIT Margin		 3.56% 2.89% 4.50% 4.43% 4.41% 4.74% 4.87% 4.49% 4.48% 5.03% 5.45%
Profit (Net Income) Margin		 1.93% 1.39% 3.23% 2.98% 2.71% 3.01% 3.31% 3.01% 2.21% 2.84% 3.63%
Tax Burden Percent		 60.81% 56.73% 72.99% 77.27% 71.32% 72.08% 76.22% 83.51% 71.00% 70.96% 71.59%
Interest Burden Percent		 88.90% 84.79% 98.37% 86.96% 86.03% 87.97% 89.14% 80.25% 69.45% 79.60% 93.05%
Effective Tax Rate		 39.19% 43.27% 27.01% 22.73% 28.68% 27.92% 23.78% 16.49% 29.00% 29.04% 28.41%
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% 17.79%
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% 0.05%
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% 0.00%
Return on Equity (ROE)		 7.93% 5.65% 14.49% 14.98% 13.60% 15.62% 13.58% 12.68% 10.76% 13.67% 17.79%
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% 22.20%
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% 9.59%
Return on Assets (ROA)		 3.33% 2.41% 6.33% 6.15% 4.91% 5.53% 5.13% 4.37% 3.42% 4.51% 6.39%
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% 17.79%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 33 78 101 100 118 130 163 180 225 295
NOPAT Margin		 2.14% 1.64% 3.26% 3.43% 3.23% 3.38% 3.71% 3.69% 3.14% 3.54% 3.89%
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% 17.74%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 7.24% 8.19% 10.50% 13.70%
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% 89.27%
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% 5.27%
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		 7.88% 7.19% 7.23% 6.64% 6.12% 5.91% 7.05% 5.92% 5.85% 6.06% 5.30%
Earnings before Interest and Taxes (EBIT)		 69 58 107 130 137 166 170 198 256 320 413
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 134 126 173 210 222 248 276 298 363 416 505
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 3.99
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 10.58
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 0.89
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 24.40
Dividend Yield		 1.01% 1.04% 0.88% 1.33% 1.13% 0.90% 1.02% 1.11% 0.73% 0.34% 0.26%
Earnings Yield		 3.53% 2.44% 5.53% 8.36% 7.59% 8.15% 9.17% 11.56% 7.15% 4.41% 4.10%
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 4.10
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 0.88
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 13.16
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 16.09
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 22.55
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 14.12
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 18.06
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 0.28
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 0.24
Financial Leverage		 0.21 0.25 0.21 0.27 0.37 0.17 0.27 0.65 0.70 0.39 0.07
Leverage Ratio		 2.38 2.34 2.29 2.44 2.77 2.83 2.65 2.90 3.14 3.03 2.78
Compound Leverage Factor		 2.12 1.99 2.25 2.12 2.38 2.49 2.36 2.33 2.18 2.41 2.59
Debt to Total Capital		 36.28% 34.41% 31.52% 37.75% 35.82% 30.69% 40.05% 50.77% 43.67% 34.27% 21.85%
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% 2.83%
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% 19.02%
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		 0.03% 0.16% 0.70% 0.28% 0.10% 0.00% 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% 78.15%
Debt to EBITDA		 2.06 2.08 1.49 1.76 1.58 1.28 2.40 3.84 2.64 1.77 0.93
Net Debt to EBITDA		 0.83 1.00 0.51 1.04 1.04 -0.04 1.67 3.01 2.04 0.67 -0.13
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 0.81
Debt to NOPAT		 6.68 7.98 3.34 3.65 3.50 2.68 5.10 7.01 5.33 3.26 1.60
Net Debt to NOPAT		 2.71 3.82 1.14 2.15 2.30 -0.09 3.55 5.49 4.12 1.24 -0.22
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 1.39
Altman Z-Score		 3.55 3.54 4.03 3.31 3.05 3.32 2.68 2.24 2.65 3.17 4.08
Noncontrolling Interest Sharing Ratio		 0.02% 0.15% 0.65% 0.73% 0.31% 0.08% 0.00% 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 1.26
Quick Ratio		 1.44 1.47 1.02 0.84 0.78 0.99 0.89 0.80 0.68 0.77 0.68
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -21 3.99 51 -73 64 274 -617 -389 207 512 368
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% 482.96%
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 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 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 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 1.76
Accounts Receivable Turnover		 4.58 4.14 5.82 8.85 7.99 8.34 7.74 7.79 8.48 8.38 9.73
Inventory Turnover		 27.15 30.70 0.00 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 14.86
Accounts Payable Turnover		 13.50 12.28 13.60 13.40 11.44 12.95 11.86 9.81 8.81 9.04 9.88
Days Sales Outstanding (DSO)		 79.75 88.07 62.74 41.24 45.69 43.77 47.17 46.85 43.06 43.56 37.53
Days Inventory Outstanding (DIO)		 13.44 11.89 0.00 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 36.94
Cash Conversion Cycle (CCC)		 66.15 70.23 35.90 14.00 13.78 15.59 16.41 9.63 1.64 3.18 0.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 598 627 654 827 863 707 1,454 2,007 1,980 1,693 1,620
Invested Capital Turnover		 3.40 3.26 3.72 3.97 3.67 4.45 3.24 2.55 2.87 3.47 4.57
Increase / (Decrease) in Invested Capital		 62 29 27 173 36 -156 747 553 -27 -287 -73
Enterprise Value (EV)		 1,157 1,221 1,404 1,146 1,317 1,277 1,723 2,045 2,504 4,383 6,642
Market Capitalization		 1,046 1,095 1,309 926 1,085 1,287 1,262 1,150 1,764 4,104 6,708
Book Value per Share		 $9.35 $9.60 $10.82 $11.80 $12.33 $14.86 $18.40 $20.88 $23.17 $26.24 $31.11
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 $11.73
Total Capital		 759 760 821 975 981 1,031 1,652 2,252 2,194 2,144 2,151
Total Debt		 275 262 259 368 351 317 661 1,143 958 735 470
Total Long-Term Debt		 220 203 193 306 296 269 594 1,065 885 660 409
Net Debt		 112 125 88 217 231 -10 461 895 740 279 -66
Capital Expenditures (CapEx)		 57 48 71 84 66 43 84 53 39 27 97
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 162 203 183 214 178 72 290 396 405 108 11
Debt-free Net Working Capital (DFNWC)		 326 340 354 365 298 399 490 644 623 563 546
Net Working Capital (NWC)		 271 281 288 303 242 351 423 566 550 489 485
Net Nonoperating Expense (NNE)		 4.06 5.04 0.73 13 16 13 14 30 54 44 20
Net Nonoperating Obligations (NNO)		 114 128 92 220 234 -7.30 464 898 744 283 -61
Total Depreciation and Amortization (D&A)		 65 68 66 79 85 82 106 99 107 96 92
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% 0.14%
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% 7.21%
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% 6.40%
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 $5.09
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 54M
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 $5.02
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 54.80M
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 $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 54.06M
Normalized Net Operating Profit after Tax (NOPAT)		 41 35 79 111 101 121 142 180 184 227 296
Normalized NOPAT Margin		 2.15% 1.74% 3.31% 3.78% 3.26% 3.46% 4.07% 4.07% 3.21% 3.57% 3.91%
Pre Tax Income Margin		 3.17% 2.45% 4.42% 3.86% 3.80% 4.17% 4.34% 3.60% 3.11% 4.00% 5.07%
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 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 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 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 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% 6.29%
Augmented Payout Ratio		 26.48% 59.09% 21.24% 51.86% 14.52% 21.95% 23.57% 14.11% 10.13% 7.11% 6.29%

Quarterly Metrics And Ratios for Primoris Services

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 54,056,502.00 54,254,935.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 54,056,502.00 54,254,935.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.32 -0.45
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.02% 12.40% 10.64% 7.82% 14.90% 16.66% 20.91% 32.10% 6.68% -5.35% -10.71%
EBITDA Growth		 7.00% 44.22% 13.85% 6.29% 10.63% 32.12% 32.15% 31.76% -7.71% -47.21% -96.91%
EBIT Growth		 16.85% 120.22% 20.91% 12.70% 18.30% 56.92% 45.33% 37.80% -11.51% -65.05% -120.60%
NOPAT Growth		 -4.41% 129.33% 21.63% 12.60% 16.82% 59.06% 47.14% 39.93% -10.14% -57.29% -120.87%
Net Income Growth		 -9.26% 1,346.03% 26.93% 21.38% 43.30% 133.54% 70.19% 61.92% -4.18% -60.63% -128.71%
EPS Growth		 -9.09% 1,650.00% 26.39% 20.22% 40.00% 131.43% 69.23% 61.68% -4.08% -60.49% -129.22%
Operating Cash Flow Growth		 10.96% 75.32% -53.44% 201.89% 45.00% 332.48% 388.29% -17.78% -52.09% -285.20% -111.10%
Free Cash Flow Firm Growth		 116.12% 121.24% 139.40% 243.98% 335.55% 172.15% 107.96% 9.46% -63.08% -113.24% -224.60%
Invested Capital Growth		 -1.35% -4.84% -5.37% -10.56% -14.49% -15.61% -13.63% -11.79% -4.32% 4.08% 24.99%
Revenue Q/Q Growth		 -0.91% -6.79% 10.69% 5.46% 5.59% -5.35% 14.72% 15.22% -14.73% -16.03% 8.22%
EBITDA Q/Q Growth		 -13.14% -31.01% 62.60% 9.09% -9.59% -17.62% 62.65% 8.76% -36.70% -52.85% -90.48%
EBIT Q/Q Growth		 -15.84% -40.28% 94.56% 15.25% -11.66% -20.78% 80.19% 9.27% -43.29% -68.70% -206.12%
NOPAT Q/Q Growth		 -15.34% -40.89% 94.56% 15.66% -12.18% -19.52% 79.98% 9.99% -43.61% -61.75% -187.93%
Net Income Q/Q Growth		 -21.78% -49.70% 161.54% 17.95% -7.65% -18.02% 90.59% 12.21% -45.33% -66.36% -239.08%
EPS Q/Q Growth		 -21.35% -50.00% 160.00% 17.58% -8.41% -17.35% 90.12% 12.34% -45.66% -65.96% -240.63%
Operating Cash Flow Q/Q Growth		 179.16% -113.84% 156.45% 1,284.52% 34.08% -77.81% 18.56% 133.13% -21.88% -185.81% 92.90%
Free Cash Flow Firm Q/Q Growth		 -7.00% 67.94% 30.90% 68.25% 17.76% 4.94% 0.02% -11.44% -60.28% -137.63% -841.24%
Invested Capital Q/Q Growth		 -7.40% 2.37% 0.07% -5.71% -11.48% 1.04% 2.41% -3.71% -3.98% 9.92% 22.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 10.33% 9.44% 11.94% 12.04% 10.60% 10.35% 12.26% 10.82% 9.42% 8.64% 4.88%
EBITDA Margin		 6.62% 4.90% 7.20% 7.45% 6.38% 5.55% 7.87% 7.43% 5.51% 3.10% 0.27%
Operating Margin		 4.94% 3.13% 5.50% 6.04% 5.03% 4.27% 6.70% 6.29% 4.17% 1.56% -1.59%
EBIT Margin		 4.94% 3.16% 5.56% 6.07% 5.08% 4.25% 6.68% 6.34% 4.21% 1.57% -1.54%
Profit (Net Income) Margin		 2.48% 1.34% 3.17% 3.54% 3.10% 2.68% 4.46% 4.34% 2.78% 1.12% -1.43%
Tax Burden Percent		 71.00% 71.00% 71.00% 71.00% 70.87% 71.00% 71.00% 72.19% 71.97% 87.44% 66.12%
Interest Burden Percent		 70.91% 59.72% 80.29% 82.17% 86.06% 88.89% 94.02% 94.96% 91.82% 81.22% 140.77%
Effective Tax Rate		 29.00% 29.00% 29.00% 29.00% 29.13% 29.00% 29.00% 27.81% 28.03% 12.56% 0.00%
Return on Invested Capital (ROIC)		 10.05% 6.28% 11.28% 13.00% 12.36% 10.71% 17.44% 18.82% 13.73% 5.87% -4.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.17% 4.89% 9.94% 11.36% 10.78% 9.61% 16.25% 17.42% 10.08% 3.69% -5.47%
Return on Net Nonoperating Assets (RNNOA)		 5.72% 3.73% 6.99% 6.65% 4.18% 3.72% 5.43% 3.58% 0.72% 0.43% -1.39%
Return on Equity (ROE)		 15.77% 10.01% 18.27% 19.65% 16.54% 14.43% 22.86% 22.40% 14.46% 6.29% -5.50%
Cash Return on Invested Capital (CROIC)		 10.37% 14.47% 15.51% 21.83% 27.89% 29.98% 29.05% 29.25% 22.20% 11.21% -14.15%
Operating Return on Assets (OROA)		 7.65% 4.97% 8.61% 9.27% 8.06% 6.87% 10.78% 10.63% 7.42% 2.79% -2.45%
Return on Assets (ROA)		 3.85% 2.11% 4.91% 5.41% 4.92% 4.34% 7.20% 7.29% 4.90% 1.98% -2.28%
Return on Common Equity (ROCE)		 15.77% 10.01% 18.27% 19.65% 16.54% 14.43% 22.86% 22.40% 14.46% 6.29% -5.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 11.51% 11.88% 12.12% 0.00% 14.26% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 53 31 61 71 62 50 90 99 56 21 -19
NOPAT Margin		 3.51% 2.22% 3.91% 4.29% 3.56% 3.03% 4.76% 4.54% 3.00% 1.37% -1.11%
Net Nonoperating Expense Percent (NNEP)		 1.89% 1.39% 1.34% 1.64% 1.58% 1.10% 1.18% 1.40% 3.65% 2.18% 1.36%
Return On Investment Capital (ROIC_SIMPLE)		 2.42% - - - 2.89% 2.43% 4.21% 4.68% 2.59% 1.00% -0.78%
Cost of Revenue to Revenue		 89.67% 90.56% 88.06% 87.96% 89.40% 89.65% 87.74% 89.18% 90.58% 91.36% 95.12%
SG&A Expenses to Revenue		 5.33% 6.27% 6.40% 5.95% 5.54% 6.04% 5.53% 4.48% 5.25% 6.78% 6.30%
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		 5.39% 6.31% 6.44% 6.00% 5.57% 6.09% 5.56% 4.53% 5.25% 7.07% 6.47%
Earnings before Interest and Taxes (EBIT)		 75 45 87 100 88 70 126 138 78 25 -26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 100 69 113 123 111 91 149 162 102 48 4.60
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.43 1.82 2.06 2.30 2.91 2.13 2.74 4.56 3.99 4.59 3.35
Price to Tangible Book Value (P/TBV)		 11.69 13.39 11.93 10.83 11.90 8.00 8.79 12.86 10.58 12.06 29.94
Price to Revenue (P/Rev)		 0.31 0.39 0.44 0.51 0.64 0.47 0.61 0.99 0.89 1.03 0.74
Price to Earnings (P/E)		 13.98 15.78 17.34 18.94 22.69 14.97 17.47 26.76 24.40 31.17 38.52
Dividend Yield		 0.73% 0.56% 0.48% 0.41% 0.34% 0.49% 0.38% 0.23% 0.26% 0.22% 0.32%
Earnings Yield		 7.15% 6.34% 5.77% 5.28% 4.41% 6.68% 5.73% 3.74% 4.10% 3.21% 2.60%
Enterprise Value to Invested Capital (EV/IC)		 1.26 1.50 1.68 1.92 2.59 1.96 2.52 4.43 4.10 4.39 2.72
Enterprise Value to Revenue (EV/Rev)		 0.44 0.52 0.56 0.60 0.69 0.51 0.64 1.00 0.88 1.05 0.82
Enterprise Value to EBITDA (EV/EBITDA)		 6.90 7.92 8.55 9.06 10.54 7.64 9.32 14.56 13.16 16.96 18.77
Enterprise Value to EBIT (EV/EBIT)		 9.79 10.86 11.52 11.97 13.69 9.68 11.48 17.67 16.09 21.31 27.72
Enterprise Value to NOPAT (EV/NOPAT)		 13.94 15.40 16.32 16.96 19.46 13.72 16.22 24.83 22.55 29.47 37.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.61 10.66 12.74 8.82 8.62 5.55 6.65 11.94 14.12 27.79 30.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.12 10.12 10.52 8.30 8.56 5.97 8.05 14.19 18.06 40.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.78 0.76 0.72 0.67 0.52 0.42 0.39 0.30 0.28 0.27 0.50
Long-Term Debt to Equity		 0.72 0.69 0.65 0.61 0.47 0.38 0.34 0.26 0.24 0.24 0.47
Financial Leverage		 0.70 0.76 0.70 0.59 0.39 0.39 0.33 0.21 0.07 0.12 0.25
Leverage Ratio		 3.14 3.17 3.17 3.15 3.03 3.03 3.03 2.98 2.78 2.69 2.92
Compound Leverage Factor		 2.23 1.89 2.55 2.59 2.61 2.70 2.85 2.83 2.56 2.19 4.11
Debt to Total Capital		 43.67% 43.24% 41.80% 39.96% 34.27% 29.74% 28.21% 22.99% 21.85% 21.22% 33.16%
Short-Term Debt to Total Capital		 3.32% 4.07% 4.00% 3.39% 3.48% 3.31% 3.65% 3.02% 2.83% 2.68% 1.87%
Long-Term Debt to Total Capital		 40.35% 39.17% 37.80% 36.56% 30.79% 26.43% 24.56% 19.97% 19.02% 18.54% 31.29%
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		 56.33% 56.76% 58.20% 60.04% 65.73% 70.26% 71.79% 77.01% 78.15% 78.78% 66.84%
Debt to EBITDA		 2.64 2.48 2.35 2.23 1.77 1.40 1.27 0.95 0.93 0.98 2.51
Net Debt to EBITDA		 2.04 2.02 1.82 1.36 0.67 0.59 0.45 0.11 -0.13 0.20 1.82
Long-Term Debt to EBITDA		 2.44 2.24 2.12 2.04 1.59 1.24 1.11 0.82 0.81 0.86 2.37
Debt to NOPAT		 5.33 4.82 4.48 4.18 3.26 2.51 2.21 1.62 1.60 1.71 5.01
Net Debt to NOPAT		 4.12 3.92 3.48 2.55 1.24 1.07 0.78 0.18 -0.22 0.35 3.64
Long-Term Debt to NOPAT		 4.93 4.36 4.05 3.82 2.93 2.23 1.93 1.40 1.39 1.49 4.73
Altman Z-Score		 2.49 2.54 2.67 2.70 2.99 2.79 2.96 3.69 3.83 4.23 3.12
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		 1.41 1.38 1.41 1.38 1.29 1.22 1.22 1.20 1.26 1.28 1.18
Quick Ratio		 0.68 0.68 0.74 0.80 0.77 0.62 0.70 0.69 0.68 0.67 0.58
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 80 135 176 296 349 366 366 324 129 -48 -456
Operating Cash Flow to CapEx		 4,686.69% 0.00% 0.00% 553.58% 1,132.30% 199.45% 302.52% 829.89% 879.23% -592.27% -50.88%
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		 1.55 1.57 1.55 1.53 1.59 1.62 1.61 1.68 1.76 1.78 1.59
Accounts Receivable Turnover		 8.48 7.53 7.06 6.85 8.38 8.42 7.26 7.53 9.73 9.91 7.83
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		 11.79 12.40 12.99 12.61 13.21 13.62 14.25 14.70 14.86 14.36 13.62
Accounts Payable Turnover		 8.81 8.80 9.79 11.05 9.04 8.21 8.71 9.25 9.88 9.31 8.77
Days Sales Outstanding (DSO)		 43.06 48.44 51.72 53.27 43.56 43.36 50.27 48.50 37.53 36.83 46.59
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)		 41.42 41.50 37.28 33.03 40.38 44.45 41.88 39.46 36.94 39.22 41.62
Cash Conversion Cycle (CCC)		 1.64 6.95 14.44 20.25 3.18 -1.10 8.39 9.04 0.59 -2.39 4.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,980 2,027 2,028 1,912 1,693 1,710 1,752 1,687 1,620 1,780 2,189
Invested Capital Turnover		 2.87 2.82 2.89 3.03 3.47 3.53 3.67 4.14 4.57 4.29 3.70
Increase / (Decrease) in Invested Capital		 -27 -103 -115 -226 -287 -316 -276 -226 -73 70 438
Enterprise Value (EV)		 2,504 3,043 3,402 3,668 4,383 3,346 4,422 7,472 6,642 7,824 5,957
Market Capitalization		 1,764 2,269 2,676 3,117 4,104 3,086 4,209 7,418 6,708 7,732 5,378
Book Value per Share		 $23.17 $23.36 $24.22 $25.30 $26.24 $26.90 $28.42 $30.14 $31.11 $31.15 $29.61
Tangible Book Value per Share		 $2.83 $3.17 $4.18 $5.36 $6.42 $7.17 $8.87 $10.67 $11.73 $11.86 $3.31
Total Capital		 2,194 2,201 2,232 2,262 2,144 2,058 2,138 2,114 2,151 2,138 2,403
Total Debt		 958 952 933 904 735 612 603 486 470 454 797
Total Long-Term Debt		 885 862 844 827 660 544 525 422 409 396 752
Net Debt		 740 774 726 551 279 260 213 55 -66 92 579
Capital Expenditures (CapEx)		 4.39 -4.19 -35 40 26 33 26 22 16 21 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 405 463 488 334 108 107 127 58 11 166 159
Debt-free Net Working Capital (DFNWC)		 623 641 696 687 563 459 517 489 546 528 377
Net Working Capital (NWC)		 550 551 606 610 489 391 439 425 485 471 332
Net Nonoperating Expense (NNE)		 15 12 12 12 8.11 5.72 5.60 4.28 4.05 3.93 5.44
Net Nonoperating Obligations (NNO)		 744 777 729 554 283 265 217 59 -61 96 583
Total Depreciation and Amortization (D&A)		 26 25 26 23 23 21 23 24 24 24 31
Debt-free, Cash-free Net Working Capital to Revenue		 7.09% 7.89% 8.11% 5.44% 1.69% 1.62% 1.83% 0.77% 0.14% 2.22% 2.18%
Debt-free Net Working Capital to Revenue		 10.90% 10.91% 11.55% 11.19% 8.85% 6.95% 7.47% 6.56% 7.21% 7.05% 5.18%
Net Working Capital to Revenue		 9.63% 9.39% 10.07% 9.94% 7.68% 5.92% 6.34% 5.70% 6.40% 6.29% 4.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.72 $0.35 $0.92 $1.09 $1.01 $0.82 $1.56 $1.75 $0.96 $0.32 ($0.45)
Adjusted Weighted Average Basic Shares Outstanding		 53.30M 53.49M 53.64M 53.69M 53.64M 53.81M 54.00M 54.02M 54M 54.10M 54M
Adjusted Diluted Earnings per Share		 $0.70 $0.35 $0.91 $1.07 $0.98 $0.81 $1.54 $1.73 $0.94 $0.32 ($0.45)
Adjusted Weighted Average Diluted Shares Outstanding		 54.22M 54.41M 54.65M 54.68M 54.58M 54.71M 54.81M 54.80M 54.80M 54.80M 54M
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		 53.44M 53.64M 53.67M 53.71M 53.75M 54.00M 54.01M 54.03M 54.06M 54.25M 53.83M
Normalized Net Operating Profit after Tax (NOPAT)		 54 32 61 71 62 51 90 100 56 25 -17
Normalized NOPAT Margin		 3.55% 2.25% 3.93% 4.33% 3.58% 3.07% 4.78% 4.57% 3.00% 1.62% -0.99%
Pre Tax Income Margin		 3.50% 1.89% 4.46% 4.99% 4.37% 3.78% 6.28% 6.02% 3.87% 1.28% -2.17%
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		 10.13% 8.90% 8.31% 7.80% 7.11% 6.77% 6.25% 5.83% 6.29% 6.97% 12.46%
Augmented Payout Ratio		 10.13% 8.90% 8.31% 7.80% 7.11% 6.77% 6.25% 5.83% 6.29% 6.97% 12.46%

Financials Breakdown Chart

Key Financial Trends

Primoris Services (NYSE:PRIM) showed a much stronger profit profile in 2025, but Q1 2026 raised some near-term cash-flow concerns. Over the last four years, the company has generally grown revenue and earnings, improved margins, and maintained a solid equity base. However, the latest quarter showed a sharp swing to negative operating cash flow, driven by working-capital outflows and lower profitability versus the prior year-end.

  • Revenue trend has been strong over time. Q1 2026 revenue was $1.56 billion, up from $1.41 billion in Q1 2024. The company also posted a big year-over-year jump in 2025 revenue across several quarters, showing demand remains healthy.
  • Profitability improved meaningfully in 2025. Q4 2025 net income was $51.7 million versus $37.7 million in Q4 2024, and Q3 2025 net income reached $94.6 million versus $58.4 million a year earlier.
  • Operating margins strengthened in 2025. Q1 2026 gross profit was $134.7 million and operating income was $24.4 million, while 2025 quarters produced much higher operating income than comparable 2024 periods.
  • Share count stayed relatively stable. Diluted shares in Q1 2026 were 54.8 million versus 54.6 million in Q1 2025, so earnings growth has not been heavily diluted by new issuance.
  • Retained earnings continue to build. Retained earnings rose to $1.40 billion in Q1 2026 from $1.17 billion in Q1 2025, reflecting the company’s ability to generate profits over time.
  • Balance sheet equity remains substantial. Total common equity was $1.68 billion in Q1 2026, up from $1.45 billion in Q1 2025.
  • Capital spending remains active but manageable. Q1 2026 capex was $27.8 million, below Q3 2025 and Q4 2024 levels, suggesting the company is still investing in the business without an aggressive spending surge.
  • Dividend payments are modest. The quarterly dividend stayed at $0.08 per share in recent periods, which appears sustainable relative to earnings in profitable quarters.
  • Q1 2026 operating cash flow turned sharply negative. Net cash from operating activities was -$122.6 million versus +$142.9 million in Q4 2025 and +$78.5 million in Q2 2025, a major deterioration.
  • Working capital was a major drag in Q1 2026. Changes in operating assets and liabilities reduced cash by $186.5 million, signaling heavy use of cash in receivables, payables, or other working-capital accounts.
  • Liquidity cushion weakened somewhat. Cash and equivalents fell to $361.5 million in Q1 2026 from $431.4 million in Q3 2025, while total current liabilities remained elevated at $1.67 billion.
  • Debt levels remain meaningful. Q1 2026 short-term debt plus long-term debt totaled about $453.5 million, and total liabilities were $2.53 billion versus $1.68 billion of equity.
  • Interest expense is still a drag on earnings. Q1 2026 other income/expense was negative $4.5 million, and prior quarters also showed sizable interest-related pressure on pre-tax income.

Bottom line: Primoris has clearly improved its earnings power since 2023 and especially during 2025, but the latest quarter shows that cash conversion can be lumpy. Investors may like the growth in revenue and net income, but they should watch whether Q1 2026’s negative operating cash flow was a one-quarter working-capital issue or the start of a more persistent trend.

08/14/26 05:22 AM ETAI Generated. May Contain Errors.

Primoris Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Primoris Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Primoris Services' net income appears to be on an upward trend, with a most recent value of $274.90 million in 2025, rising from $37.15 million in 2015. The previous period was $180.90 million in 2024. Check out Primoris Services' forecast to explore projected trends and price targets.

Primoris Services' total operating income in 2025 was $411.50 million, based on the following breakdown:
  • Total Gross Profit: $813.10 million
  • Total Operating Expenses: $401.60 million

Over the last 10 years, Primoris Services' total revenue changed from $1.93 billion in 2015 to $7.57 billion in 2025, a change of 292.6%.

Primoris Services' total liabilities were at $2.73 billion at the end of 2025, a 2.1% decrease from 2024, and a 320.3% increase since 2015.

In the past 10 years, Primoris Services' cash and equivalents has ranged from $120.29 million in 2019 to $535.50 million in 2025, and is currently $535.50 million as of their latest financial filing in 2025.

Over the last 10 years, Primoris Services' book value per share changed from 9.35 in 2015 to 31.11 in 2025, a change of 232.7%.


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Financial statements for NYSE:PRIM last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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