Primoris Services Corporation PRIM

72.65 0.40 0.55% as of 25 Sep
Market cap
$3.9B
P/E
28.2×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 1.01
Total sells 9.67
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1 — — 1 — — 1 1 — 1 — —
Sell — 2 2 — — — — 2 — — — —
Insider Ownership 1.41%

Capital & Financial Ratios

Market Cap 3,890.00
Revenue 7,284.20
Net Income 139.60
Free Cash Flow 118.40
Net Debt 578.80
Current Ratio 1.18
Debt/Equity 0.50
P/E ratio 28.16
P/S ratio 0.54
P/B ratio 2.44
Past 5Y EPS Growth 15.51%
This Y EPS Growth (61.79%)
Next Y EPS Growth 142.79%
Next 5Y EPS Growth 3.16%
in millions of $

Dividends

Payout Ratio 0.10
Annual Dividend Rate 0.24
Annual Dividend Yield 0.66%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.32
0.08
0.08
0.08
2025 0.32
0.08
0.08
0.08
0.08
2024 0.26
0.06
0.06
0.06
0.08
2023 0.24
0.06
0.06
0.06
0.06
2022 0.24
0.06
0.06
0.06
0.06
2021 0.24
0.06
0.06
0.06
0.06
2020 0.24
0.06
0.06
0.06
0.06
2019 0.24
0.06
0.06
0.06
0.06
2018 0.24
0.06
0.06
0.06
0.06
2017 0.28
0.06
0.06
0.06
0.06
0.06
2016 0.22
0.06
0.06
0.06
0.06
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 218 456 536 218
Receivables 685 834 723 839
Inventory — — — —
Other 846 774 937 938
1,885 2,160 2,334 2,163
2023 2024 2025 Q'26
Payables 629 624 744 692
ST’ Debt 73 75 61 45
Other 366 617 634 683
1,335 1,671 1,849 1,831
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 14.66% 16.75% 19.66%
Cash Flow 25.54% 8.49% 78.04%
Earnings 22.25% 21.23% 27.38%
Book Value 13.27% 18.65% 14.88%

Revenue

Mar Jun Sep Dec Year
’26 1,560 1,688 — — —
’25 1,648 1,891 2,178 1,858 7,575
’24 1,413 1,564 1,649 1,741 6,367
’23 1,257 1,413 1,529 1,516 5,715
’22 784 1,023 1,284 1,329 4,421
’21 818 882 913 884 3,498
’20 743 908 943 897 3,491
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (123) (9) — — —
’25 66 78 183 143 470
’24 (28) 16 222 298 508
’23 (115) 35 74 206 199
’22 7 (98) (11) 185 83
’21 8 (2) 9 64 80
’20 (5) 66 131 122 313
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (143) (26) — — —
’25 33 53 161 127 373
’24 (24) 51 182 272 481
’23 (122) 22 58 201 159
’22 (22) (124) (13) 188 30
’21 (9) (37) 3 38 (5)
’20 (8) 59 104 116 270
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.32 (0.45) — — —
’25 0.81 1.54 1.73 0.95 5.02
’24 0.35 0.91 1.07 0.99 3.31
’23 0.02 0.72 0.89 0.69 2.33
’22 (0.03) 0.93 0.80 0.77 2.47
’21 0.12 0.67 0.81 0.54 2.17
’20 (0.08) 0.68 0.90 0.66 2.16
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
16.13 21.83 17.99 17.80 9.42 21.47 15.90 21.88 30.95 49.10

Analyst estimates 2026–2028

Powerpack
Low Price
25.25 30.00 28.90 23.98 29.02 41.76 27.94 36.19 84.97 146.16
High Price
7,926 7,102 10,600 9,700 10,414 10,810 12,802 14,058 15,716 18,526
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
1,997 2,380 2,939 3,106 3,491 3,498 4,421 5,715 6,367 7,575
Revenue
10.08% 11.70% 11.08% 10.65% 10.60% 11.91% 10.34% 10.28% 11.04% 10.73%
Gross Margin
49 105 113 118 146 152 159 178 255 384
EBT
2.45% 4.42% 3.86% 3.80% 4.17% 4.34% 3.60% 3.11% 4.00% 5.07%
EBT Margin
28 77 88 84 105 116 133 126 181 275
Net Income
71 67 79 85 82 106 99 107 96 92
Depreciation
38.58 46.23 57.24 61.17 72.28 66.40 83.09 107.23 118.78 140.28
Revenue/Sh
0.52 1.41 1.51 1.62 2.17 2.19 2.50 2.37 3.37 5.09
Earnings/Sh
1.21 3.67 2.47 2.34 6.48 1.51 1.57 3.72 9.48 8.71
Cash Flow/Sh
(0.94) (1.38) (1.92) (1.30) (0.88) (1.60) (1.00) (0.74) (0.51) (1.80)
Capex/Sh
0.27 2.29 0.55 1.05 5.60 (0.09) 0.56 2.99 8.98 6.91
Free CF/Sh
9.63 10.92 11.82 12.40 14.80 18.80 20.84 23.19 26.30 31.13
Book Value/Sh
52 51 51 51 48 53 53 53 54 54
Shares
44.56 19.49 12.67 13.73 12.72 11.05 8.84 13.91 22.74 24.39
PE Ratio
0.60 0.59 0.33 0.36 0.38 0.36 0.27 0.31 0.64 0.89
PS Ratio
2.41 2.52 1.62 1.79 1.87 1.28 1.06 1.42 2.91 3.99
PB Ratio
0.66 0.63 0.41 0.44 0.38 0.49 0.47 0.44 0.69 0.88
EV/Sales
93.61 12.75 42.41 25.63 4.89 (379.17) 69.11 15.64 9.09 17.80
EV/FCF
63 189 127 119 313 80 83 199 508 470
Op' Cash Flow
(48) (71) (99) (66) (43) (84) (53) (39) (27) (97)
Capex
14 118 28 53 270 (5) 30 159 481 373
FCF
281 288 303 242 351 423 566 550 489 485
Working Cap'
261 259 368 351 317 661 1,143 958 735 470
Total Debt
126 88 217 231 (10) 461 895 740 279 (66)
Net Debt
499 562 607 630 715 990 1,109 1,236 1,410 1,681
Sh' Equity
2.32% 5.96% 5.44% 4.81% 5.53% 5.13% 4.37% 3.42% 4.51% 6.39%
ROA
5.78% 10.21% 9.90% 10.23% 14.54% 7.33% 6.09% 8.00% 11.75% 15.92%
ROIC
5.44% 13.64% 13.25% 13.32% 15.62% 13.58% 12.68% 10.76% 13.68% 17.79%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Primoris Services Corporation peers in Engineering & Construction

All 51 Engineering & Construction stocks →

Primoris Services Corporation (PRIM) key facts

  • Primoris Services Corporation (PRIM) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • Primoris Services Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.6 billion, up 19.0% from fiscal 2024.
  • Net income was $274.9 million, or $5.09 per share (basic), a net margin of 3.63%.
  • As of September 25, 2026, PRIM traded at $72.65, a market capitalization of $3.9 billion.
  • At that price the stock trades at 28.2× trailing-twelve-month earnings and 0.5× sales.
  • Primoris Services Corporation pays an annual dividend of $0.24 per share, a yield of 0.66%, with a payout ratio of 10.3%.
  • Return on equity was 17.8% and debt-to-equity 0.50.

Source: company filings (standardised) and stockrow calculations.

Primoris Services Corporation (PRIM) Latest News

News by impact score

Fine-tune

25 Sep

3

Primoris Services trades at $72.25, up about 204% over five years. A DCF-based view shows intrinsic value well above the current price, supported by rising free cash flow as backlog converts to cash. Trailing FCF is about $62.3 million, with projections implying stronger cash generation over the next decade. The stock trades at 27.9x earnings, and a 40% undervalued narrative cites expanding power delivery and grid modernization in the Sun Belt. One warning sign is flagged by Simply Wall St. The piece suggests investors compare PRIM to other undervalued stocks via a focused screener and questions whether the improving FCF justifies today's price. DCF-based valuation indicates upside potential but no guaranteed operational changes, making the impact moderate.

3

Argan, Inc.'s backlog is about 80% natural gas, totaling roughly $2.5 billion as of July 31, 2026, with four U.S. gas-fired plants exceeding 4.1 gigawatts and several large Texas projects ramping. Renewables account for about 11% and Industrial for 8%. Management expects gas-fired complex combined-cycle projects to stay the backbone in the near and medium term as utilities seek reliable, around-the-clock generation. The concentration brings both upside and risk: strong demand from data centers, manufacturing, and electrification supports project awards and could favor Argan due to a limited pool of capable contractors. However, the 80% gas exposure reduces diversification and makes backlog replenishment sensitive to delays, permitting shifts, energy policy, equipment availability, or changes in customers' strategies. Argan partially offsets risk through renewables, Industrial work including a $125 million data-center project, and Teledata expansion via ValCor. Argan's 80% natural-gas backlog increases competition for gas-fired EPC awards, potentially pressuring Primoris' pricing and backlog opportunities.

16 Sep

3

Arevon advances construction on the 250 megawatt/1,000 megawatt-hour Cormorant Energy Storage Project in California, with Primoris Services Corporation handling key construction work. Primoris gains construction revenue and renewable sector exposure from the large California storage project.

15 Sep

3

Wall Street analysts have grown more bullish on Primoris Services Corporation stock, raising questions about whether to buy, hold, or sell shares now. Shift toward bullish analyst views can lift near-term investor sentiment and share price for Primoris Services Corporation.

31 Aug

3

Dycom projects upside from BEAD funding in 2027, though the total opportunity size remains unclear. BEAD-related growth outlook at peer Dycom signals broader sector tailwinds that can lift PRIM revenue visibility.

8 Aug

3 transcript

Primoris Services Q2 earnings call covered financial results, revenue figures, project updates and forward outlook for the company. Q2 earnings details and outlook can move near-term stock sentiment and valuation without shifting long-term strategy.

5 Aug

4 transcript

Primoris Services Corporation posted record backlog in Q2 2026 earnings call alongside strategic initiatives supporting future growth. Record backlog signals major revenue visibility and improved competitive positioning for Primoris.

3

Primoris stock may be 29% undervalued despite securities fraud lawsuit. Securities fraud lawsuit creates moderate risk to stock trajectory and sentiment.

4 Aug

3

Primoris Services (PRIM) released Q2 earnings with details on key operating and financial metrics. Quarterly earnings data directly informs near-term financial outlook and investor positioning.

3

Primoris Services Corporation missed Q2 CY2026 sales expectations. Quarterly sales miss signals short-term pressure on financial results and investor sentiment.

3

Primoris Services Corporation reported its second quarter 2026 financial results. Quarterly results update financial metrics that shape near-term stock valuation and sentiment.

3 Aug

3

Primoris Services Corporation prepares to report Q2 earnings with analyst focus on revenue growth, project backlogs in utilities and energy infrastructure, and margin trends. Q2 earnings preview shapes near-term investor expectations but does not signal major strategic or competitive shifts for Primoris.

28 Jul

3

Primoris Services (PRIM) Q2 earnings expected to decline. Expected Q2 earnings decline signals moderate negative pressure on PRIM stock performance and sentiment.

23 Jul

3

Primoris Services Corporation reported Q1 earnings, prompting analysis on whether to buy, sell, or hold the stock based on financial results and outlook. Q1 earnings affect near-term financial views and market sentiment for Primoris but balance against other ongoing factors.

6 Jul

3

JPMorgan upgrades Primoris Services (PRIM) to Overweight. JPMorgan upgrade to Overweight can positively influence PRIM stock price and market perception.

2 Jul

4

Primoris Services Corporation partners with Fermi to construct a power plant in Texas. New Texas power plant contract directly expands Primoris backlog and revenue outlook.

4

Primoris Services cut its guidance and shifted its Project Matador contract, prompting analysis of investor response to the negative developments. Guidance cut directly signals weaker financial performance and contract shift alters project execution outlook.

3

Primoris stock may be 26% undervalued after renewables sector shock. Renewables shock creates temporary valuation gap without altering Primoris core trajectory.

1 Jul

4

Primoris Services secures Fermi Power deal and joins key Russell indexes. New contract win plus Russell index membership expected to lift revenue and fund inflows.

30 Jun

4

Fermi selected Primoris Services Corporation to engineer and construct balance of plant for the first six SGT-800 gas turbines of Phase One power buildout. Contract win for engineering and construction of gas turbine plant infrastructure strengthens Primoris revenue pipeline and growth outlook.

23 Jun

4

Primoris Services stock plummeted on cost overruns, with top executive departure announced. Cost overruns and leadership exit signal major operational and governance setbacks for Primoris that will likely hurt financial results and investor sentiment.

4

Primoris stock heads for its worst day in over a year after an analyst called the company tough to defend following a forecast cut. Forecast cut triggers sharp stock drop and analyst doubts that weigh on Primoris outlook and sentiment.

8 Jun

3

Primoris Services Corporation announced leadership changes. Leadership changes at Primoris Services Corporation may alter strategic direction and operations.

20 May

3

Primoris Services (PRIM) stock fell 5.5% after reporting weak Q1 results and lowering EBITDA guidance, raising questions about the bull case. Weak Q1 and lowered EBITDA guidance directly pressure near-term financial outlook and investor sentiment.

14 May

3

Top five analyst questions from Primoris Services Corporation's Q1 earnings call focused on pipeline strength, margin pressures, project delays, renewable energy outlook, and backlog execution amid strong revenue growth and raised guidance. Analyst questions spotlight operational challenges and growth opportunities that may moderately affect financial performance and investor sentiment.

11 May

4

Sterling's backlog has exploded at Primoris Services Corporation (PRIM), raising prospects for another earnings per share (EPS) breakout in 2026. Sterling's backlog surge signals major revenue growth potential, significantly impacting PRIM's EPS and market trajectory.

9 May

4

Primoris Services Corporation (PRIM) missed earnings per share estimates by 57%, prompting analysts to revise forecasts downward. A 57% EPS miss and subsequent analyst forecast revisions indicate significant negative pressure on PRIM's financial performance and investor sentiment.

7 May

4

Primoris Services Corporation (PRIM) reported weak Q1 2026 results and lowered its profit guidance, raising concerns about its current valuation. Weak Q1 results and lowered profit guidance directly threaten PRIM's financial trajectory and investor sentiment.

3

Primoris Services Corporation (PRIM) reported $1.6 billion in revenue for Q1 2026. Quarterly revenue report affects financial performance and market sentiment but lacks details on profitability or guidance.

6 May

4 transcript

Primoris Services Corporation (PRIM) released its Q3 2025 earnings call transcript, detailing quarterly financial results, management discussion, and forward-looking statements. Q3 2025 earnings transcript reveals financial performance and guidance that significantly shape investor expectations and stock trajectory.

stockrow.com/PRIM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com