This page shows Primoris Svcs Corp (PRIM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Scale is dropping through to profit as deleveraging turns a larger revenue base into stronger cash-backed earnings.
FY2025’s margin improvement came from below gross profit: gross margin slipped from11.0% to10.7% , yet operating margin still widened, which points to overhead absorption rather than richer project economics. At the same time, cash rose from$456M to$536M while long-term debt fell, so growth is now arriving with a meaningfully lighter balance-sheet load.
Cash conversion stayed healthy even as it normalized: operating cash flow fell from
From FY2023 to FY2025, long-term debt dropped from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Primoris Svcs Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Primoris Svcs Corp has an operating margin of 5.4%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 5.0% the prior year.
Primoris Svcs Corp's revenue surged 19.0% year-over-year to $7.6B, reflecting rapid business expansion. This strong growth earns a score of 75/100.
Primoris Svcs Corp carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Primoris Svcs Corp's current ratio of 1.26 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
Primoris Svcs Corp has a free cash flow margin of 4.5%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.
Primoris Svcs Corp earns a strong 16.4% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 12.8% the prior year.
Primoris Svcs Corp scores 3.67, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Primoris Svcs Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Primoris Svcs Corp generates $1.71 in operating cash flow ($470.4M OCF vs $274.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Primoris Svcs Corp generated $7.6B in revenue in fiscal year 2025. This represents an increase of 19.0% from the prior year.
Primoris Svcs Corp's EBITDA was $503.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.9% from the prior year.
Primoris Svcs Corp reported $274.9M in net income in fiscal year 2025. This represents an increase of 52.0% from the prior year.
Primoris Svcs Corp earned $5.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 51.7% from the prior year.
Cash & Balance Sheet
Primoris Svcs Corp generated $340.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.8% from the prior year.
Primoris Svcs Corp held $535.5M in cash against $409.0M in long-term debt as of fiscal year 2025.
Primoris Svcs Corp paid $0.32 per share in dividends in fiscal year 2025. This represents an increase of 23.1% from the prior year.
Primoris Svcs Corp had 54M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Margins & Returns
Primoris Svcs Corp's gross margin was 10.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Primoris Svcs Corp's operating margin was 5.4% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Primoris Svcs Corp's net profit margin was 3.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Primoris Svcs Corp's ROE was 16.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Capital Allocation
Primoris Svcs Corp invested $129.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.7% from the prior year.
PRIM Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B-16.0% | $1.9B-14.7% | $2.2B+15.2% | $1.9B+14.7% | $1.6B-5.4% | $1.7B+5.6% | $1.6B+5.5% | $1.6B |
| Cost of Revenue | $1.4B | N/A | $1.9B+17.1% | $1.7B+12.3% | $1.5B | N/A | $1.5B+5.3% | $1.4B |
| Gross Profit | $134.7M-23.0% | $175.0M-25.8% | $235.7M+1.7% | $231.7M+35.7% | $170.7M-7.5% | $184.6M-7.0% | $198.5M+6.3% | $186.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $105.8M | N/A | $97.7M-6.6% | $104.5M+5.1% | $99.5M | N/A | $98.1M-2.0% | $100.1M |
| Operating Income | $24.4M | N/A | $137.0M+8.2% | $126.6M+79.9% | $70.4M | N/A | $99.5M+15.7% | $86.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.5M | N/A | $36.4M+5.8% | $34.4M+90.3% | $18.1M | N/A | $23.9M+18.0% | $20.2M |
| Net Income | $17.4M-66.4% | $51.8M-45.2% | $94.6M+12.2% | $84.3M+90.7% | $44.2M-18.1% | $54.0M-7.5% | $58.4M+17.7% | $49.6M |
| EPS (Diluted) | $0.32-66.3% | $0.95-45.1% | $1.73+12.3% | $1.54+90.1% | $0.81-18.2% | $0.99-7.5% | $1.07+17.6% | $0.91 |
PRIM Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B-4.4% | $4.4B-5.2% | $4.6B+2.5% | $4.5B+7.6% | $4.2B+0.5% | $4.2B-1.0% | $4.2B+4.7% | $4.0B |
| Current Assets | $2.1B-8.2% | $2.3B-9.0% | $2.6B+4.3% | $2.5B+13.1% | $2.2B+0.7% | $2.2B-2.8% | $2.2B+6.3% | $2.1B |
| Cash & Equivalents | $361.5M-32.5% | $535.5M+24.1% | $431.4M+10.5% | $390.3M+11.0% | $351.6M-22.9% | $455.8M+29.2% | $352.7M+70.1% | $207.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $856.9M0.0% | $856.9M0.0% | $856.9M0.0% | $856.9M0.0% | $856.9M0.0% | $856.9M-0.1% | $857.6M0.0% | $857.6M |
| Total Liabilities | $2.5B-7.2% | $2.7B-9.8% | $3.0B+0.7% | $3.0B+8.3% | $2.8B-0.5% | $2.8B-3.3% | $2.9B+4.8% | $2.8B |
| Current Liabilities | $1.7B-9.6% | $1.8B-13.6% | $2.1B+6.0% | $2.0B+13.3% | $1.8B+6.7% | $1.7B+3.6% | $1.6B+8.6% | $1.5B |
| Long-Term Debt | $396.3M-3.1% | $409.0M-3.1% | $422.2M-19.6% | $525.0M-3.5% | $543.9M-17.6% | $660.2M-20.2% | $827.0M-2.0% | $843.8M |
| Total Equity | $1.7B+0.2% | $1.7B+3.3% | $1.6B+6.1% | $1.5B+6.1% | $1.4B+2.6% | $1.4B+3.8% | $1.4B+4.5% | $1.3B |
| Retained Earnings | $1.4B+0.9% | $1.4B+3.5% | $1.3B+7.2% | $1.2B+6.8% | $1.2B+3.5% | $1.1B+4.6% | $1.1B+5.4% | $1.0B |
PRIM Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$122.6M-185.8% | $142.9M-21.9% | $182.9M+133.2% | $78.4M+18.5% | $66.2M-77.8% | $298.2M+34.1% | $222.5M+1284.5% | $16.1M |
| Capital Expenditures | $27.8M+27.9% | $21.7M-36.9% | $34.5M+4.1% | $33.1M-18.5% | $40.6M+44.2% | $28.2M-55.8% | $63.7M+163.2% | $24.2M |
| Free Cash Flow | -$150.4M-224.2% | $121.1M-18.4% | $148.4M+227.5% | $45.3M+77.0% | $25.6M-90.5% | $270.1M+70.1% | $158.8M+2051.2% | -$8.1M |
| Investing Cash Flow | -$12.7M+19.1% | -$15.7M+17.8% | -$19.1M+26.3% | -$25.9M+22.0% | -$33.2M-26.2% | -$26.3M+34.5% | -$40.2M-214.5% | $35.1M |
| Financing Cash Flow | -$38.6M-77.9% | -$21.7M+82.3% | -$122.9M-745.3% | -$14.5M+89.4% | -$137.2M+19.5% | -$170.4M-387.9% | -$34.9M-45.5% | -$24.0M |
| Dividends Paid | $4.3M-1.3% | $4.4M+0.8% | $4.3M0.0% | $4.3M+0.5% | $4.3M+31.9% | $3.3M+1.3% | $3.2M-0.2% | $3.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PRIM Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.6%-0.8pp | 9.4%-1.4pp | 10.8%-1.4pp | 12.3%+1.9pp | 10.4%-0.2pp | 10.6%-1.4pp | 12.0%+0.1pp | 11.9% |
| Operating Margin | 1.6% | N/A | 6.3%-0.4pp | 6.7%+2.4pp | 4.3% | N/A | 6.0%+0.5pp | 5.5% |
| Net Margin | 1.1%-1.7pp | 2.8%-1.6pp | 4.3%-0.1pp | 4.5%+1.8pp | 2.7%-0.4pp | 3.1%-0.4pp | 3.5%+0.4pp | 3.2% |
| Return on Equity | 1.0%-2.1pp | 3.1%-2.7pp | 5.8%+0.3pp | 5.5%+2.4pp | 3.1%-0.8pp | 3.8%-0.5pp | 4.3%+0.5pp | 3.8% |
| Return on Assets | 0.4%-0.8pp | 1.2%-0.8pp | 2.0%+0.2pp | 1.9%+0.8pp | 1.1%-0.2pp | 1.3%-0.1pp | 1.4%+0.2pp | 1.2% |
| Current Ratio | 1.28+0.0 | 1.26+0.1 | 1.20-0.0 | 1.220.0 | 1.22-0.1 | 1.29-0.1 | 1.38-0.0 | 1.41 |
| Debt-to-Equity | 0.240.0 | 0.24-0.0 | 0.26-0.1 | 0.34-0.0 | 0.38-0.1 | 0.47-0.1 | 0.61-0.0 | 0.65 |
| FCF Margin | -9.6%-16.2pp | 6.5%-0.3pp | 6.8%+4.4pp | 2.4%+0.9pp | 1.6%-14.0pp | 15.5%+5.9pp | 9.6%+10.1pp | -0.5% |
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Frequently Asked Questions
What is Primoris Svcs Corp's annual revenue?
Primoris Svcs Corp (PRIM) reported $7.6B in total revenue for fiscal year 2025. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Primoris Svcs Corp's revenue growing?
Primoris Svcs Corp (PRIM) revenue grew by 19% year-over-year, from $6.4B to $7.6B in fiscal year 2025.
Is Primoris Svcs Corp profitable?
Yes, Primoris Svcs Corp (PRIM) reported a net income of $274.9M in fiscal year 2025, with a net profit margin of 3.6%.
What is Primoris Svcs Corp's EBITDA?
Primoris Svcs Corp (PRIM) had EBITDA of $503.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Primoris Svcs Corp have?
As of fiscal year 2025, Primoris Svcs Corp (PRIM) had $535.5M in cash and equivalents against $409.0M in long-term debt.
What is Primoris Svcs Corp's gross margin?
Primoris Svcs Corp (PRIM) had a gross margin of 10.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Primoris Svcs Corp's operating margin?
Primoris Svcs Corp (PRIM) had an operating margin of 5.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Primoris Svcs Corp's net profit margin?
Primoris Svcs Corp (PRIM) had a net profit margin of 3.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Primoris Svcs Corp pay dividends?
Yes, Primoris Svcs Corp (PRIM) paid $0.32 per share in dividends during fiscal year 2025.
What is Primoris Svcs Corp's return on equity (ROE)?
Primoris Svcs Corp (PRIM) has a return on equity of 16.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Primoris Svcs Corp's free cash flow?
Primoris Svcs Corp (PRIM) generated $340.5M in free cash flow during fiscal year 2025. This represents a -10.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Primoris Svcs Corp's operating cash flow?
Primoris Svcs Corp (PRIM) generated $470.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Primoris Svcs Corp's total assets?
Primoris Svcs Corp (PRIM) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Primoris Svcs Corp's capital expenditures?
Primoris Svcs Corp (PRIM) invested $129.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Primoris Svcs Corp's current ratio?
Primoris Svcs Corp (PRIM) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is Primoris Svcs Corp's debt-to-equity ratio?
Primoris Svcs Corp (PRIM) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Primoris Svcs Corp's return on assets (ROA)?
Primoris Svcs Corp (PRIM) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Primoris Svcs Corp's Altman Z-Score?
Primoris Svcs Corp (PRIM) has an Altman Z-Score of 3.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Primoris Svcs Corp's Piotroski F-Score?
Primoris Svcs Corp (PRIM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Primoris Svcs Corp's earnings high quality?
Primoris Svcs Corp (PRIM) has an earnings quality ratio of 1.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Primoris Svcs Corp?
Primoris Svcs Corp (PRIM) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.