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MARKETS / NYSE / Industrials / Heavy construction / PRIM
NYSE · WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION · LARGE CAP

Primoris Services Corp. PRIM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$7.6B
▲ 19.0% YoY
$274.9M
▲ 52.0% YoY
$340.5M
▼ 10.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It provides construction, maintenance, replacement, and engineering services to a base of customers through its two segments, Utilities and Energy. As of December 31, 2025, it employed 3,055 salaried employees and 15,471 hourly employees. For the years ended December 31, 2025, 2024 and 2023, revenue derived from projects performed under MSAs was 32.0%, 36.8%, and 36.7% of total revenue, respectively. For the years ended December 31, 2025, 2024 and 2023, 53.1%, 41.3% and 41.1%, respectively, of total revenue was generated from its top ten customers in each year.

Written from the business description in Primoris Services Corporation's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 7.6B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 7.6 · Net income 0.3
3B6B
2009201220152018202120242025
Compound annual growth
+19.7%
+16.8%
+14.7%
+14.9%
+27.4%
+21.2%
+22.2%
+26.7%
+18.4%
+21.6%
+13.8%
+10.1%
+5.9%
+4.6%
+8.1%
−1.6%
−5.1%
+5.8%
+9.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.8% a year over the five years to FY2025 — but profit grew faster: net income at +21.2%, earnings per share at +18.4%.

The share count rose from 0.05B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.4% · Net 3.6%
5%
200920172025
ROE
FY2025 · ROE 17.8%
5%10%15%
200920172025
Three returns, three denominators.
Gross margin10.7%
Operating margin5.4%
Net margin3.6%
EBITDAUSD 503.4M

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 17.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 340.5
150M300M-20M-40M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 17.3 · Net buybacks ·
15M30M-100M-200MDividendsNet buybacks
200920112013201520172019202120232025
Dividends paidUSD 17.3M
Net buybacks·
Share of profit6.3%
Consecutive raises2 years

USD 17.3M in dividends — 6% of the year's profit went back to shareholders.

Total assetsUSD 4.4B
EquityUSD 1.7B
CashUSD 535.5M
Gross debtUSD 469.9M
Net debtUSD -65.6M
Current ratio1.26×

The company holds more cash than debt.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
PRIM, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B7.66.45.74.43.53.53.12.92.42.01.92.11.91.51.50.90.5
Operating income $B0.40.30.30.20.20.20.10.10.10.10.10.10.10.10.10.10.0
EBITDA $B0.50.40.40.30.30.20.20.20.20.10.10.20.20.10.10.10.0
Income tax $B0.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.30.20.10.10.10.10.10.10.10.00.00.10.10.10.10.00.0
Free cash flow $B0.30.40.1−0.0−0.10.20.00.00.10.0−0.0−0.1−0.00.10.00.10.0
EPS, diluted $5.023.312.332.472.172.161.611.501.400.510.711.221.351.101.140.720.75
Dividend / sh $0.320.260.240.240.240.240.240.240.230.220.200.150.140.120.110.100.10
Payout %67101011111516164327◌◌◌◌◌12
ROE %17.813.710.812.713.615.613.313.313.65.47.9◌◌◌◌◌18.0
Shares out B0.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Primoris Services Corp.vsFluor Corp.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsMasTec Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsJacobs Solutions Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsKbr, Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsDycom Industries Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsGranite Construction Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionPrimoris Services Corp.vsMYR Group Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line Construction
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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWater, Sewer, Pipeline, Comm & Power Line Construction
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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