Primoris Services Corp - Understand $prim stock

$PRIM Market Cap: $4.561 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$6.141B

TTM

Gross Margin

10.94%

TTM

Net Earnings

$164.6M

TTM

Current Assets

$2.223B

Q3 2024

Current Liabilities

$1.612B

Q3 2024

Current Ratio

137.84%

Q3 2024

Total Assets

$4.240B

Q3 2024

Total Liabilities

$2.882B

Q3 2024

Book Value

$1.358B

Q3 2024

Cash

$352.7M

Q3 2024

P/E

27.71

Nov 29, 2024 EST

Free Cash Flow

$296.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$5.715B	$4.421B	$3.498B	$3.491B	$3.106B	$2.939B	$2.380B	$1.997B	$1.929B	$2.086B	$1.944B	$1.542B	$1.460B	$941.8M	$467.0M	$597.8M	$542.6M	$0.00
YoY Change	29.29%	26.39%	0.18%	12.4%	5.68%	23.51%	19.18%	3.5%	-7.52%	7.3%	26.11%	5.59%	55.04%	101.66%	-21.88%	10.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$5.715B	$4.421B	$3.498B	$3.491B	$3.106B	$2.939B	$2.380B	$1.997B	$1.929B	$2.086B	$1.944B	$1.542B	$1.460B	$941.8M	$467.0M	$597.8M	$542.6M	$0.00
Cost Of Revenue	$5.128B	$3.964B	$3.081B	$3.121B	$2.775B	$2.614B	$2.102B	$1.796B	$1.710B	$1.850B	$1.688B	$1.349B	$1.275B	$819.0M	$391.4M	$527.4M	$482.6M
Gross Profit	$587.5M	$456.9M	$416.7M	$370.2M	$330.9M	$325.7M	$278.4M	$201.3M	$219.9M	$236.0M	$256.0M	$192.7M	$185.2M	$122.8M	$75.58M	$70.40M	$60.10M
Gross Profit Margin	10.28%	10.34%	11.91%	10.6%	10.65%	11.08%	11.7%	10.08%	11.4%	11.31%	13.17%	12.5%	12.68%	13.04%	16.18%	11.78%	11.08%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$328.7M	$281.6M	$230.1M	$202.8M	$189.1M	$182.0M	$170.4M	$140.8M	$152.1M	$132.2M	$130.8M	$96.42M	$86.20M	$64.99M	$34.78M	$30.50M	$28.60M	$200.0K
YoY Change	16.75%	22.37%	13.45%	7.25%	3.91%	6.83%	21.0%	-7.43%	15.05%	1.09%	35.63%	11.86%	32.65%	86.84%	14.04%	6.64%	14200.0%
% of Gross Profit	55.96%	61.63%	55.23%	54.79%	57.15%	55.88%	61.19%	69.95%	69.17%	56.02%	51.08%	50.04%	46.55%	52.92%	46.02%	43.32%	47.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$107.0M	$99.16M	$105.6M	$82.50M	$85.40M	$79.25M	$57.61M	$68.00M	$65.20M	$58.40M	$42.42M	$29.08M	$24.10M	$17.90M	$8.700M	$6.300M	$4.700M
YoY Change	7.95%	-6.06%	27.95%	-3.4%	7.76%	37.55%	-15.27%	4.29%	11.64%	37.67%	45.88%	20.64%	34.63%	105.79%	38.1%	34.04%
% of Gross Profit	18.22%	21.7%	25.33%	22.28%	25.81%	24.33%	20.69%	33.78%	29.65%	24.75%	16.57%	15.09%	13.01%	14.58%	11.51%	8.95%	7.82%
Operating Expenses	$328.7M	$281.6M	$230.1M	$202.8M	$189.1M	$182.0M	$170.4M	$140.9M	$152.1M	$132.2M	$130.8M	$96.42M	$86.20M	$64.99M	$34.78M	$30.50M	$28.50M	$200.0K
YoY Change	16.75%	22.37%	13.45%	7.25%	3.91%	6.83%	20.92%	-7.36%	15.05%	1.09%	35.63%	11.86%	32.65%	86.84%	14.04%	7.02%	14150.0%
Operating Profit	$253.1M	$195.3M	$170.2M	$163.9M	$140.9M	$130.5M	$106.3M	$60.40M	$67.80M	$103.8M	$125.2M	$96.29M	$99.00M	$57.80M	$40.40M	$39.90M	$31.60M
YoY Change	29.56%	14.8%	3.78%	16.38%	7.97%	22.75%	75.97%	-10.91%	-34.68%	-17.12%	30.07%	-2.74%	71.27%	43.07%	1.26%	26.27%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$78.17M	-$39.21M	-$18.50M	$20.30M	$20.10M	$18.75M	$8.146M	-$8.600M	-$8.400M	-$700.0K	$5.892M	$3.619M	$5.431M	$6.196M	$7.700M	$6.400M	-$1.900M	$700.0K
YoY Change	99.35%	111.98%	-191.13%	1.01%	7.21%	130.13%	-194.72%	2.38%	1100.0%	-111.88%	62.81%	-33.36%	-12.35%	-19.53%	20.31%	-436.84%	-371.43%
% of Operating Profit	-30.89%	-20.07%	-10.87%	12.38%	14.27%	14.37%	7.66%	-14.24%	-12.39%	-0.67%	4.7%	3.76%	5.49%	10.72%	19.06%	16.04%	-6.01%
Other Income/Expense, Net	$1.604M	$2.072M	$299.0K	$1.234M	-$3.134M	-$808.0K	$484.0K	-$300.0K	$1.700M	-$800.0K	$4.804M	-$870.0K	-$1.088M	-$1.429M	$0.00			$0.00
YoY Change	-22.59%	592.98%	-75.77%	-139.37%	287.87%	-266.94%	-261.33%	-117.65%	-312.5%	-116.65%	-652.18%	-20.04%	-23.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$177.7M	$159.3M	$151.9M	$145.6M	$117.9M	$113.4M	$105.3M	$48.90M	$61.10M	$102.3M	$119.6M	$92.10M	$96.73M	$55.68M	$48.11M	$42.20M	$29.60M	$400.0K
YoY Change	11.54%	4.89%	4.27%	23.52%	4.01%	7.67%	115.3%	-19.97%	-40.27%	-14.45%	29.83%	-4.79%	73.75%	15.72%	14.01%	42.57%	7300.0%
Income Tax	$51.52M	$26.27M	$36.12M	$40.66M	$33.81M	$25.77M	$28.43M	$21.10M	$23.90M	$38.60M	$44.90M	$33.84M	$38.17M	$22.06M	$18.35M	$4.900M	$900.0K	$100.0K
% Of Pretax Income	29.0%	16.49%	23.78%	27.92%	28.68%	22.73%	27.01%	43.15%	39.12%	37.73%	37.55%	36.74%	39.46%	39.62%	38.14%	11.61%	3.04%	25.0%
Net Earnings	$126.1M	$133.0M	$115.6M	$105.0M	$82.33M	$77.46M	$72.35M	$26.70M	$36.90M	$63.20M	$74.68M	$58.27M	$58.56M	$33.62M	$25.90M	$36.40M	$27.10M	$400.0K
YoY Change	-5.17%	15.06%	10.13%	27.51%	6.28%	7.06%	170.99%	-27.64%	-41.61%	-15.37%	28.17%	-0.5%	74.2%	29.79%	-28.85%	34.32%	6675.0%
Net Earnings / Revenue	2.21%	3.01%	3.31%	3.01%	2.65%	2.64%	3.04%	1.34%	1.91%	3.03%	3.84%	3.78%	4.01%	3.57%	5.55%	6.09%	4.99%
Basic Earnings Per Share	$2.37	$2.50	$2.19	$2.17	$1.62	$1.51	$1.41				$1.35	$1.10	$1.15	$0.79	$0.81
Diluted Earnings Per Share	$2.33	$2.47	$2.17	$2.16	$1.61	$1.50	$1.40	$513.5K	$712.4K	$1.222M	$1.35	$1.10	$1.14	$0.72	$0.75	$1.291M	$1.153M	$125.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$217.8M	$248.7M	$200.5M	$326.7M	$120.3M	$151.1M	$170.4M	$135.8M	$161.1M	$170.5M	$214.8M	$161.0M	$143.3M	$141.4M	$120.1M	$87.90M	$63.00M	$40.40M
YoY Change	-12.43%	24.03%	-38.63%	171.57%	-20.38%	-11.33%	25.48%	-15.7%	-5.51%	-20.62%	33.42%	12.35%	1.34%	17.74%	36.63%	39.52%	55.94%
Cash & Equivalents	$217.8M	$248.7M	$200.5M	$326.7M	$120.3M	$151.1M	$170.4M	$135.8M	$161.1M	$139.5M	$196.1M	$157.6M	$120.3M	$115.4M	$90.00M	$72.80M	$63.00M	$40.40M
Short-Term Investments									$0.00	$31.00M	$18.70M	$3.400M	$23.00M	$26.00M	$30.10M	$15.00M	$0.00
Other Short-Term Assets	$135.8M	$176.4M	$86.26M	$30.20M	$42.70M	$36.40M	$15.30M	$19.80M	$20.90M	$32.20M	$31.10M	$56.70M	$55.40M	$35.00M	$23.60M	$21.80M	$11.80M	$100.0K
YoY Change	-22.97%	104.43%	185.64%	-29.27%	17.31%	137.91%	-22.73%	-5.26%	-35.09%	3.54%	-45.15%	2.35%	58.29%	48.31%	8.26%	84.75%	11700.0%
Inventory								$187.8M	$184.3M	$126.8M	$109.0M	$78.90M	$73.80M	$42.90M	$33.70M	$22.10M	$13.50M
Prepaid Expenses
Receivables	$1.532B	$1.279B	$895.3M	$758.3M	$749.7M	$736.9M	$557.5M	$387.3M	$319.7M	$336.9M	$304.4M	$267.3M	$186.7M	$205.6M	$108.2M	$89.00M	$112.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$700.0K	$900.0K	$500.0K	$600.0K	$800.0K	$700.0K	$2.500M	$300.0K	$1.600M	$1.300M
Total Short-Term Assets	$1.885B	$1.704B	$1.182B	$1.115B	$912.7M	$924.4M	$743.2M	$731.4M	$686.8M	$666.8M	$659.8M	$564.6M	$459.9M	$427.4M	$285.8M	$222.5M	$201.6M	$40.50M
YoY Change	10.61%	44.18%	5.99%	22.2%	-1.27%	24.38%	1.61%	6.49%	3.0%	1.06%	16.86%	22.77%	7.6%	49.55%	28.45%	10.37%	397.78%
Property, Plant & Equipment	$836.4M	$696.7M	$591.9M	$563.5M	$618.3M	$375.9M	$311.8M	$277.3M	$283.5M	$271.4M	$226.5M	$184.8M	$129.6M	$123.2M	$92.60M	$24.80M	$16.10M
YoY Change	20.06%	17.7%	5.04%	-8.86%	64.49%	20.56%	12.44%	-2.19%	4.46%	19.82%	22.56%	42.59%	5.19%	33.05%	273.39%	54.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments											$0.00	$12.80M	$12.70M	$18.80M	$5.600M	$500.0K	$0.00
YoY Change											-100.0%	0.79%	-32.45%	235.71%	1020.0%
Other Assets	$20.55M	$21.79M	$16.36M	$14.70M	$14.60M	$6.500M	$2.600M	$2.000M	$1.300M	$400.0K	$500.0K				$0.00	$1.500M	$900.0K
YoY Change	-5.69%	33.13%	11.33%	0.68%	124.62%	150.0%	30.0%	53.85%	225.0%	-20.0%					-100.0%	66.67%
Total Long-Term Assets	$1.942B	$1.840B	$1.361B	$854.3M	$917.8M	$669.7M	$512.5M	$439.4M	$445.5M	$430.8M	$390.9M	$366.6M	$268.5M	$276.8M	$192.6M	$29.70M	$19.40M	$0.00
YoY Change	5.57%	35.14%	59.34%	-6.92%	37.05%	30.67%	16.64%	-1.37%	3.41%	10.21%	6.63%	36.54%	-3.0%	43.72%	548.48%	53.09%
Total Assets	$3.827B	$3.544B	$2.543B	$1.970B	$1.831B	$1.594B	$1.256B	$1.171B	$1.132B	$1.098B	$1.051B	$931.2M	$728.4M	$704.2M	$478.4M	$252.2M	$221.0M	$40.50M
YoY Change
Accounts Payable	$629.0M	$535.0M	$273.5M	$245.9M	$236.0M	$249.2M	$140.9M	$168.1M	$124.5M	$128.8M	$127.3M	$151.5M	$106.7M	$89.50M	$62.60M	$51.00M	$66.80M
YoY Change	17.57%	95.62%	11.21%	4.19%	-5.3%	76.86%	-16.18%	35.02%	-3.34%	1.18%	-15.97%	41.99%	19.22%	42.97%	22.75%	-23.65%
Accrued Expenses	$249.3M	$229.6M	$166.9M	$186.9M	$174.5M	$112.5M	$73.20M	$104.6M	$91.10M	$79.60M	$77.80M	$72.40M	$58.40M	$54.10M	$43.80M	$32.60M	$16.10M	$0.00
YoY Change	8.56%	37.62%	-10.73%	7.11%	55.11%	53.69%	-30.02%	14.82%	14.45%	2.31%	7.46%	23.97%	7.95%	23.52%	34.36%	102.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.200M	$0.00
YoY Change																-100.0%
Long-Term Debt Due	$72.90M	$78.14M	$67.23M	$47.70M	$55.70M	$62.50M	$65.50M	$58.40M	$55.40M	$40.60M	$31.80M	$23.20M	$35.70M	$29.70M	$21.10M	$7.900M	$4.900M
YoY Change	-6.7%	16.22%	40.94%	-14.36%	-10.88%	-4.58%	12.16%	5.42%	36.45%	27.67%	37.07%	-35.01%	20.2%	40.76%	167.09%	61.22%
Total Short-Term Liabilities	$1.335B	$1.138B	$759.1M	$764.4M	$670.4M	$621.8M	$454.9M	$449.9M	$416.2M	$419.3M	$430.3M	$420.7M	$345.0M	$381.6M	$244.5M	$168.4M	$150.1M	$500.0K
YoY Change	17.31%	49.92%	-0.69%	14.02%	7.82%	36.69%	1.11%	8.1%	-0.74%	-2.56%	2.28%	21.94%	-9.59%	56.07%	45.19%	12.19%	29920.0%
Long-Term Debt	$885.4M	$1.065B	$594.2M	$268.8M	$295.6M	$305.7M	$193.4M	$203.4M	$219.9M	$204.7M	$193.3M	$132.2M	$67.20M	$73.20M	$78.00M	$27.00M	$22.60M	$0.00
YoY Change	-16.89%	79.28%	121.07%	-9.07%	-3.3%	58.07%	-4.92%	-7.5%	7.43%	5.9%	46.22%	96.73%	-8.2%	-6.15%	188.89%	19.47%
Other Long-Term Liabilities	$311.4M	$174.7M	$161.4M	$208.0M	$217.0M	$51.50M	$31.70M	$9.100M	$12.70M	$13.90M	$18.50M	$25.70M	$20.20M	$28.70M	$9.300M	$0.00	$1.300M	$8.000M
YoY Change	78.23%	8.23%	-22.4%	-4.15%	321.36%	62.46%	248.35%	-28.35%	-8.63%	-24.86%	-28.02%	27.23%	-29.62%	208.6%		-100.0%	-83.75%
Total Long-Term Liabilities	$1.197B	$1.240B	$755.6M	$476.8M	$512.6M	$357.2M	$225.1M	$212.5M	$232.6M	$218.6M	$211.8M	$157.9M	$87.40M	$101.9M	$87.30M	$27.00M	$23.90M	$8.000M
YoY Change	-3.49%	64.1%	58.48%	-6.98%	43.51%	58.69%	5.93%	-8.64%	6.4%	3.21%	34.14%	80.66%	-14.23%	16.72%	223.33%	12.97%	198.75%
Total Liabilities	$2.591B	$2.435B	$1.553B	$1.255B	$1.202B	$989.9M	$699.3M	$673.4M	$649.0M	$643.8M	$653.3M	$600.1M	$453.5M	$496.0M	$334.4M	$196.8M	$174.1M	$8.400M
YoY Change	6.41%	56.78%	23.79%	4.39%	21.43%	41.56%	3.85%	3.76%	0.81%	-1.45%	8.87%	32.33%	-8.57%	48.33%	69.92%	13.04%	1972.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010	2009
Basic Shares Outstanding	53.30M	53.20M	52.67M	48.30M	50.78M	51.35M	51.48M	51.54M shares	51.39M shares	50.71M shares	42.69M shares	31.94M shares
Diluted Shares Outstanding	54.22M	53.76M	53.16M	48.63M	51.08M	51.67M	51.74M	51.61M shares	51.41M shares	51.15M shares	46.88M shares	34.42M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.5608 Billion

About Primoris Services Corp

Primoris Services Corp. is a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. The company is headquartered in Dallas, Texas and currently employs 2,773 full-time employees. The company went IPO on 2006-10-04. The firm provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, pipeline construction and maintenance, pipeline integrity services, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries.

Industry: Water, Sewer, Pipeline, Comm & Power Line Construction Peers: Arcosa, Inc. Construction Partners, Inc. GRANITE CONSTRUCTION INC Great Lakes Dredge & Dock CORP IES Holdings, Inc. Infrastructure & Energy Alternatives, Inc. MYR GROUP INC. STERLING INFRASTRUCTURE, INC. NV5 Global, Inc. QUANTA SERVICES, INC.