$PRIM Market Cap: $4.561 Billion
Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue
$6.367B
TTM
Gross Margin
11.01%
TTM
Net Earnings
$180.9M
TTM
Current Assets
$2.159B
Q4 2024
Current Liabilities
$1.671B
Q4 2024
Current Ratio
129.26%
Q4 2024
Total Assets
$4.196B
Q4 2024
Total Liabilities
$2.786B
Q4 2024
Book Value
$1.410B
Q4 2024
Cash
$455.8M
Q4 2024
P/E
25.21
Nov 29, 2024 EST
Free Cash Flow
$111.7M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $6.367B $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 11.4% 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $6.367B $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 $5.664B $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 $703.2M $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 11.05% 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

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $383.4M $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 16.61% 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 54.51% 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 $95.52M $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 -10.76% 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 13.58% 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 $383.4M $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 16.61% 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 $317.5M $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 25.44% 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense -$65.32M -$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 -16.45% 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 -20.57% -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 $106.0K $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 -93.39% -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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income $254.9M $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 43.48% 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 $74.03M $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 29.04% 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 $180.9M $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 43.4% -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 2.84% 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 $3.37 $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 $3.31 $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 2024 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

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 53.64M 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 54.58M 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

Dividends

No data

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.