MARKETS / NYSE / 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

Revenue

$7.6B

▲ 19.0% YoY

Net income

$274.9M

▲ 52.0% YoY

Free cash flow

$340.5M

▼ 10.8% YoY

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

Compound annual growth

Revenue

+19.7%

+16.8%

+14.7%

+14.9%

Net income

+27.4%

+21.2%

+22.2%

EPS, diluted

+26.7%

+18.4%

+21.6%

+13.8%

Dividend / share

+10.1%

+5.9%

+4.6%

+8.1%

Returned to shareholders

−1.6%

−5.1%

+5.8%

+9.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +16.8% a year over five years — 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%

ROE

FY2025 · ROE 17.8%

Gross margin10.7%

Operating margin5.4%

Net margin3.6%

Return on assets6.4%

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

Net buybacks $M Dividends $M

FY2025 · Dividends 17.3 · Net buybacks —

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	7.6	6.4	5.7	4.4	3.5	3.5	3.1	2.9	2.4	2.0	1.9	2.1	1.9	1.5	1.5	0.9	0.5
Operating income $B	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0
EBITDA $B	0.5	0.4	0.4	0.3	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.2	0.2	0.1	0.1	0.1	0.0
Income tax $B	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.1	0.0	0.0
Free cash flow $B	0.3	0.4	0.1	−0.0	−0.1	0.2	0.0	0.0	0.1	0.0	−0.0	−0.1	−0.0	0.1	0.0	0.1	0.0
EPS, diluted $	5.02	3.31	2.33	2.47	2.17	2.16	1.61	1.50	1.40	0.51	0.71	1.22	1.35	1.10	1.14	0.72	0.75
Dividend / sh $	0.32	0.26	0.24	0.24	0.24	0.24	0.24	0.24	0.23	0.22	0.20	0.15	0.14	0.12	0.11	0.10	0.10
Payout %	6	7	10	10	11	11	15	16	16	43	27	·	·	·	·	·	12
ROE %	17.8	13.7	10.8	12.7	13.6	15.6	13.1	·	·	·	·	·	·	·	·	·	18.0
Shares out B	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	·

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

Compare

This company against its peers

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

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityWater, Sewer, Pipeline, Comm & Power Line Construction

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009