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Primoris Services Corporation

PRIM NYSE Categories PDF
Industrials · Engineering & Construction · United States · Updated May 11, 1:51pm
$114.45
Price
$6.2B
Market Cap
15,716
Employees
1.51
Beta
Koti Vadlamudi
CEO
Business Description

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.

Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)
$114.45
+9.65 (+9.20%)
Day Range
$105.43 – $114.65
52-Week Range
$68.52 – $205.50
50-Day MA
$150.93
200-Day MA
$135.49
Volume
320,695.00
Analyst Price Targets
Low $107.00
Consensus $158.44
High $195.00
(28 analysts)
Share Structure
Outstanding 54,254,900.00
Float 53,616,897.00
Free Float 98.8%
High free float — 98.8% of shares trade freely, ~1.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
24.95
Stock Price: $114.45
EPS (Diluted): 5.09
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
3.99
Stock Price: $114.45
Total Equity: $1.68B
Shares: 54,800,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
14.54
Market Cap: $6.21B
Total Debt: $950.90M
Cash: $541.30M
EBITDA: $504.60M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$7.4B
Market Cap: $6.21B
Total Debt: $950.90M
Cash: $541.30M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
10.7%
Gross Profit: $813.10M
Revenue: $7.57B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
5.5%
Operating Income: $413.90M
Revenue: $7.57B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
3.6%
Net Income: $274.90M
Revenue: $7.57B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
15.2%
Net Income: $274.90M
Total Equity: $1.68B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
10.0%
Operating Income: $413.90M
Tax Rate: 28.4%
Equity: $1.68B
Total Debt: $950.90M
Cash: $541.30M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.26
Current Assets: $2.33B
Current Liabilities: $1.85B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.57
Short-Term Debt: $216.30M
Long-Term Debt: $734.60M
Total Debt: $950.90M
Total Equity: $1.68B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$138.23
Revenue: $7.57B
Shares: 54,800,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$30.68
Total Equity: $1.68B
Shares: 54,800,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$6.21
Operating CF: $470.40M
CapEx: -$129.90M
Shares: 54,800,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.3%
Last Dividend: N/A
Stock Price: $114.45
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $274.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PRIM against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $3.5B $4.4B $5.7B $6.4B $7.6B
Cost of Revenue $3.1B $4.0B $5.1B $5.7B $6.8B
Gross Profit $416.7M $456.9M $587.5M $703.2M $813.1M
Operating Expenses $246.5M $261.5M $334.4M $385.8M $399.2M
Operating Income $170.2M $195.3M $253.1M $317.5M $413.9M
Net Income $115.7M $133.0M $126.1M $180.9M $274.9M
EBITDA $275.9M $297.7M $362.9M $415.8M $504.6M
EPS $2.19 $2.50 $2.37 $3.37 $5.09
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $200.5M $248.7M $217.8M $455.8M $541.3M
Total Current Assets $1.2B $1.7B $1.9B $2.2B $2.3B
Total Assets $2.5B $3.5B $3.8B $4.2B $4.4B
Current Liabilities $759.1M $1.1B $1.3B $1.7B $1.8B
Long-Term Debt $594.2M $1.1B $885.4M $660.2M $734.6M
Total Liabilities $1.6B $2.4B $2.6B $2.8B $2.7B
Total Equity $990.1M $1.1B $1.2B $1.4B $1.7B
Retained Earnings $727.4M $847.7M $961.0M $1.1B $1.4B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $79.7M $83.3M $198.6M $508.3M $470.4M
Capital Expenditure -$133.8M -$94.7M -$103.0M -$126.6M -$129.9M
Free Cash Flow -$54.1M -$11.3M $95.5M $381.8M $340.5M
Acquisitions (net) -$607.0M -$387.2M $9.3M $99.3M $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$14.7M -$6.0M $0 $0 -$11.8M
Net Change in Cash -$125.3M $53.3M -$35.4M $237.9M $79.9M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $8.7B
$8.3B – $9.1B
 $9.4B
$9.3B – $9.5B
 $10.1B
$9.7B – $10.6B
 $10.9B
$10.4B – $11.4B
EBITDA $592.2M
$565.6M – $618.8M
 $642.4M
$634.8M – $650.0M
 $689.7M
$661.6M – $724.4M
 $741.8M
$711.6M – $779.1M
Net Income $338.4M
$330.3M – $346.5M
 $392.9M
$332.0M – $456.4M
 $411.5M
$389.8M – $438.5M
 $453.0M
$429.1M – $482.7M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +26.4% +29.3% +11.4% +19.0%
Gross Profit Growth +9.7% +28.6% +19.7% +15.6%
Operating Income Growth +14.8% +29.6% +25.4% +30.4%
Net Income Growth +14.9% -5.2% +43.4% +52.0%
EBITDA Growth +7.9% +21.9% +14.6% +21.4%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-30 Ching Michael E. A-Award 268.00 $37,500.00 $10.1M
2026-04-30 Rodriguez Jose Ramon A-Award 268.00 $37,500.00 $10.1M
2026-04-30 MASHINSKI CARLA S A-Award 268.00 $37,500.00 $10.1M
2026-04-30 Wagner Patricia K A-Award 268.00 $37,500.00 $10.1M
2026-04-30 Schauerman John P. A-Award 268.00 $37,500.00 $10.1M
2026-04-30 MCCALLISTER TERRY D A-Award 268.00 $37,500.00 $10.1M
2026-04-30 Saluja Harpreet A-Award 268.00 $37,500.00 $10.1M
2026-04-30 King David Lee A-Award 268.00 $37,500.00 $10.1M
2026-04-15 MCCALLISTER TERRY D P-Purchase 10.14 $164.40 $1,668
2026-04-01 Kinch Jeremy G-Gift 147.00 $0.00 $0
2026-04-01 Kinch Jeremy M-Exempt 244.00 $0.00 $0
2026-04-01 Kinch Jeremy M-Exempt 244.00 $0.00 $0
2026-04-01 Kinch Jeremy F-InKind 97.00 $143.04 $13,875
2026-04-01 Kinch Jeremy G-Gift 147.00 $0.00 $0
2026-04-01 King David Lee M-Exempt 21,774.00 $0.00 $0
2026-04-01 King David Lee F-InKind 8,569.00 $143.04 $1.2M
2026-04-01 King David Lee M-Exempt 21,774.00 $0.00 $0
2026-03-01 Kinch Jeremy A-Award 20,290.00 $0.00 $0
2026-03-01 Kinch Jeremy F-InKind 10,359.00 $150.72 $1.6M
2026-03-01 Kinch Jeremy M-Exempt 6,023.00 $0.00 $0
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-06-30 $0.08 2026-06-30 2026-07-15
2026-03-31 $0.08 2026-02-17 2026-03-31 2026-04-15
2025-12-31 $0.08 2025-10-29 2025-12-31 2026-01-15
2025-09-30 $0.08 2025-07-30 2025-09-30 2025-10-15
2025-06-30 $0.08 2025-04-30 2025-06-30 2025-07-15
2025-03-31 $0.08 2025-02-24 2025-03-31 2025-04-15
2024-12-31 $0.08 2024-11-04 2024-12-31 2025-01-15
2024-09-27 $0.06 2024-08-05 2024-09-27 2024-10-11
2024-06-28 $0.06 2024-05-01 2024-06-28 2024-07-15
2024-03-27 $0.06 2024-02-21 2024-03-28 2024-04-15
2023-12-28 $0.06 2023-11-07 2023-12-29 2024-01-12
2023-09-28 $0.06 2023-08-02 2023-09-29 2023-10-13
2023-06-29 $0.06 2023-05-03 2023-06-30 2023-07-14
2023-03-30 $0.06 2023-02-22 2023-03-31 2023-04-14
2022-12-29 $0.06 2022-11-03 2022-12-30 2023-01-13
2022-09-29 $0.06 2022-08-03 2022-09-30 2022-10-14
2022-06-29 $0.06 2022-05-04 2022-06-30 2022-07-15
2022-03-30 $0.06 2022-02-24 2022-03-31 2022-04-14
2021-12-30 $0.06 2021-11-03 2021-12-31 2022-01-14
2021-09-29 $0.06 2021-08-03 2021-09-30 2021-10-15
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27