PRIM · Primoris Services Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | - | $2.18B | $1.89B | $1.65B | - | $1.65B | $1.56B | $1.41B | - |
| Cost of Revenue | $1.43B | - | $1.94B | $1.66B | $1.48B | - | $1.45B | $1.38B | $1.28B | - |
| Gross Profit | $134.70M | - | $235.71M | $231.74M | $170.66M | - | $198.56M | $186.71M | $133.38M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $105.80M | - | $97.69M | $104.55M | $99.50M | - | $98.11M | $100.12M | $88.59M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $23.80M | - | $23.83M | $25.69M | $21.40M | - | - | - | $24.58M | - |
| Operating Income | $24.40M | - | $137.00M | $126.64M | $70.36M | - | $99.55M | $86.07M | $44.24M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.50M | - | $36.45M | $34.44M | $18.07M | - | $23.87M | $20.24M | $7.74M | - |
| Net Income | $17.40M | - | $94.62M | $84.32M | $44.24M | - | $58.44M | $49.54M | $18.94M | - |
| EPS - Basic | $0.32 | - | $1.75 | $1.56 | $0.82 | - | $1.09 | $0.92 | $0.35 | - |
| EPS - Diluted | $0.32 | - | $1.73 | $1.54 | $0.81 | - | $1.07 | $0.91 | $0.35 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $361.50M | $535.50M | $431.42M | $390.25M | $351.58M | $455.82M | $352.66M | $207.36M | $177.60M | $217.78M |
| Accounts Receivable | $754.40M | $723.40M | $1.04B | $1.02B | $756.50M | $834.39M | $941.01M | $888.27M | $811.95M | $112.20M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $646.50M | $744.30M | $945.63M | $826.30M | $795.29M | $624.25M | $489.05M | $583.66M | $632.45M | $628.96M |
| Current Assets | $2.14B | $2.33B | $2.57B | $2.46B | $2.17B | $2.16B | $2.22B | $2.09B | $2.00B | $1.89B |
| Total Assets | $4.21B | $4.41B | $4.65B | $4.54B | $4.22B | $4.20B | $4.24B | $4.05B | $3.95B | $3.83B |
| Current Liabilities | $1.67B | $1.85B | $2.14B | $2.02B | $1.78B | $1.67B | $1.61B | $1.48B | $1.45B | $1.34B |
| Long-term Debt | $396.30M | $409.00M | $422.20M | $524.98M | $543.92M | $660.19M | $827.00M | $843.76M | $862.22M | $885.37M |
| Total Liabilities | $2.53B | $2.73B | $3.02B | $3.00B | $2.77B | $2.79B | $2.88B | $2.75B | $2.71B | $2.59B |
| Stockholders' Equity | $1.68B | $1.68B | $1.63B | $1.53B | $1.45B | $1.41B | $1.36B | $1.30B | $1.25B | $1.24B |
| Retained Earnings | $1.40B | $1.39B | $1.34B | $1.25B | $1.17B | $1.13B | $1.08B | $1.02B | $976.75M | $961.03M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($122.60M) | - | - | - | $66.17M | - | - | - | ($28.46M) | - |
| Investing Cash Flow | ($12.70M) | - | - | - | ($33.18M) | - | - | - | $4.19M | - |
| Financing Cash Flow | ($38.60M) | - | - | - | ($137.26M) | - | - | - | ($15.11M) | - |
| CapEx | $27.80M | - | - | - | $40.59M | - | - | - | $10.43M | - |
| Free Cash Flow | ($150.40M) | - | - | - | $25.58M | - | - | - | ($38.90M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.6% | - | 10.8% | 12.3% | 10.4% | - | 12.0% | 11.9% | 9.4% | - |
| Operating margin | 1.6% | - | 6.3% | 6.7% | 4.3% | - | 6.0% | 5.5% | 3.1% | - |
| EBITDA margin | 3.1% | - | 7.4% | 8.1% | 5.6% | - | - | - | 4.9% | - |
| Net margin | 1.1% | - | 4.3% | 4.5% | 2.7% | - | 3.5% | 3.2% | 1.3% | - |
| Free cash flow margin | -9.6% | - | - | - | 1.6% | - | - | - | -2.8% | - |
| FCF / Net income | -8.64 | - | - | - | 0.58 | - | - | - | -2.05 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.8% | - | 4.5% | 5.5% | 6.0% | - | 5.9% | 6.4% | 6.3% | - |
| Effective tax rate | 12.6% | - | 27.8% | 29.0% | 29.0% | - | 29.0% | 29.0% | 29.0% | - |
| Return on assets | 0.4% | - | 2.0% | 1.9% | 1.0% | - | 1.4% | 1.2% | 0.5% | - |
| Return on equity | 1.0% | - | 5.8% | 5.5% | 3.1% | - | 4.3% | 3.8% | 1.5% | - |
| Return on invested capital | 1.0% | - | 4.8% | 4.4% | 2.5% | - | 3.2% | 2.9% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.28 | 1.26 | 1.20 | 1.22 | 1.22 | 1.29 | 1.38 | 1.41 | 1.38 | 1.41 |
| Quick ratio | 1.28 | 1.26 | 1.20 | 1.22 | 1.22 | 1.29 | 1.38 | 1.41 | 1.38 | 1.41 |
| Cash ratio | 0.22 | 0.29 | 0.20 | 0.19 | 0.20 | 0.27 | 0.22 | 0.14 | 0.12 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.24 | 0.26 | 0.34 | 0.38 | 0.47 | 0.61 | 0.65 | 0.69 | 0.72 |
| Debt / Assets | 0.09 | 0.09 | 0.09 | 0.12 | 0.13 | 0.16 | 0.20 | 0.21 | 0.22 | 0.23 |
| Debt / EBITDA | 8.22 | - | 2.63 | 3.45 | 5.93 | - | - | - | 12.53 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.50 | 2.62 | 2.86 | 2.96 | 2.92 | 2.98 | 3.12 | 3.12 | 3.17 | 3.10 |
| Liabilities / Assets | 0.60 | 0.62 | 0.65 | 0.66 | 0.66 | 0.66 | 0.68 | 0.68 | 0.68 | 0.68 |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | - | 0.47 | 0.42 | 0.39 | - | 0.39 | 0.39 | 0.36 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 177d | - | 174d | 197d | 168d | - | 208d | 207d | 210d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 166d | - | 178d | 182d | 196d | - | 123d | 155d | 180d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 447.0x | - | 79.4x | 50.6x | 70.9x | - | 54.3x | 54.8x | 121.6x | - |
| P / B | 4.7x | - | 4.6x | 2.8x | 2.2x | - | 2.3x | 2.1x | 1.9x | - |
| P / S | 5.0x | - | 3.5x | 2.3x | 1.9x | - | 1.9x | 1.7x | 1.6x | - |
| EV / EBITDA | 163.3x | - | 46.7x | 28.9x | 36.3x | - | - | - | 43.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -5.4% | - | 32.1% | 20.9% | 16.7% | - | 7.8% | 10.6% | 12.4% | - |
| Revenue CAGR (3y) | 7.5% | - | 19.3% | 22.7% | 28.1% | - | 21.8% | 21.0% | 20.0% | - |
| Revenue CAGR (5y) | 13.8% | - | 18.2% | 15.8% | 17.3% | - | 13.8% | 14.6% | 16.4% | - |
| Gross profit growth (YoY) | -21.1% | - | 18.7% | 24.1% | 28.0% | - | 14.2% | 18.7% | 33.7% | - |
| Operating income growth (YoY) | -65.3% | - | 37.6% | 47.1% | 59.1% | - | 12.6% | 21.6% | 132.5% | - |
| Net income growth (YoY) | -60.7% | - | 61.9% | 70.2% | 133.5% | - | 21.4% | 26.9% | 1346.0% | - |
| EPS growth (YoY) | -60.5% | - | 61.7% | 69.2% | 131.4% | - | 20.2% | 26.4% | 1650.0% | - |
| EPS CAGR (3y) | 152.0% | - | 29.3% | 18.3% | - | - | 9.7% | 10.7% | 42.9% | - |
| EPS CAGR (5y) | 21.7% | - | 14.0% | 17.8% | - | - | 8.9% | 21.1% | 54.3% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 69.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.5% | 19.3% | 19.9% | 18.1% | 15.7% | 14.0% | 13.5% | 13.0% | 12.6% | 11.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.43B totalUAnd DSegment$2.13B · 87.7%
Energy Segment$299.40M · 12.3%
Peer comparison
Same SIC group: Water, Sewer, Pipeline, Comm & Power Line Construction
Comparing Primoris Services Corp against the 5 most active filers in the same SIC group.
Dividends
$0.32/share trailing 12 months · +14.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.0800 |
| Dec 31, 2025 | $0.0800 |
| Sep 30, 2025 | $0.0800 |
| Jun 30, 2025 | $0.0800 |
| Mar 31, 2025 | $0.0800 |
| Dec 31, 2024 | $0.0800 |
| Sep 27, 2024 | $0.0600 |
| Jun 28, 2024 | $0.0600 |
| Mar 27, 2024 | $0.0600 |
| Dec 28, 2023 | $0.0600 |
| Sep 28, 2023 | $0.0600 |
| Jun 29, 2023 | $0.0600 |
| Mar 30, 2023 | $0.0600 |
| Dec 29, 2022 | $0.0600 |
| Sep 29, 2022 | $0.0600 |
| Jun 29, 2022 | $0.0600 |
| Mar 30, 2022 | $0.0600 |
| Dec 30, 2021 | $0.0600 |
| Sep 29, 2021 | $0.0600 |
| Jun 29, 2021 | $0.0600 |
| Mar 30, 2021 | $0.0600 |
| Dec 30, 2020 | $0.0600 |
| Sep 29, 2020 | $0.0600 |
| Jun 29, 2020 | $0.0600 |