Primoris Services Corporation PRIM
- Market cap
- $3.9B
- P/E
- 28.2×
Follow PRIM
Target Price Range
Analyst price targets
Free account| 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
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| 25.25 | 30.00 | 28.90 | 23.98 | 29.02 | 41.76 | 27.94 | 36.19 | 84.97 | 146.16 |
High Price
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| 7,926 | 7,102 | 10,600 | 9,700 | 10,414 | 10,810 | 12,802 | 14,058 | 15,716 | 18,526 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 1,997 | 2,380 | 2,939 | 3,106 | 3,491 | 3,498 | 4,421 | 5,715 | 6,367 | 7,575 |
Revenue
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| 10.08% | 11.70% | 11.08% | 10.65% | 10.60% | 11.91% | 10.34% | 10.28% | 11.04% | 10.73% |
Gross Margin
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| 49 | 105 | 113 | 118 | 146 | 152 | 159 | 178 | 255 | 384 |
EBT
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| 2.45% | 4.42% | 3.86% | 3.80% | 4.17% | 4.34% | 3.60% | 3.11% | 4.00% | 5.07% |
EBT Margin
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| 28 | 77 | 88 | 84 | 105 | 116 | 133 | 126 | 181 | 275 |
Net Income
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| 71 | 67 | 79 | 85 | 82 | 106 | 99 | 107 | 96 | 92 |
Depreciation
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| 38.58 | 46.23 | 57.24 | 61.17 | 72.28 | 66.40 | 83.09 | 107.23 | 118.78 | 140.28 |
Revenue/Sh
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| 0.52 | 1.41 | 1.51 | 1.62 | 2.17 | 2.19 | 2.50 | 2.37 | 3.37 | 5.09 |
Earnings/Sh
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| 1.21 | 3.67 | 2.47 | 2.34 | 6.48 | 1.51 | 1.57 | 3.72 | 9.48 | 8.71 |
Cash Flow/Sh
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| (0.94) | (1.38) | (1.92) | (1.30) | (0.88) | (1.60) | (1.00) | (0.74) | (0.51) | (1.80) |
Capex/Sh
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| 0.27 | 2.29 | 0.55 | 1.05 | 5.60 | (0.09) | 0.56 | 2.99 | 8.98 | 6.91 |
Free CF/Sh
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| 9.63 | 10.92 | 11.82 | 12.40 | 14.80 | 18.80 | 20.84 | 23.19 | 26.30 | 31.13 |
Book Value/Sh
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| 52 | 51 | 51 | 51 | 48 | 53 | 53 | 53 | 54 | 54 |
Shares
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| 44.56 | 19.49 | 12.67 | 13.73 | 12.72 | 11.05 | 8.84 | 13.91 | 22.74 | 24.39 |
PE Ratio
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| 0.60 | 0.59 | 0.33 | 0.36 | 0.38 | 0.36 | 0.27 | 0.31 | 0.64 | 0.89 |
PS Ratio
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| 2.41 | 2.52 | 1.62 | 1.79 | 1.87 | 1.28 | 1.06 | 1.42 | 2.91 | 3.99 |
PB Ratio
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| 0.66 | 0.63 | 0.41 | 0.44 | 0.38 | 0.49 | 0.47 | 0.44 | 0.69 | 0.88 |
EV/Sales
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| 93.61 | 12.75 | 42.41 | 25.63 | 4.89 | (379.17) | 69.11 | 15.64 | 9.09 | 17.80 |
EV/FCF
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| 63 | 189 | 127 | 119 | 313 | 80 | 83 | 199 | 508 | 470 |
Op' Cash Flow
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| (48) | (71) | (99) | (66) | (43) | (84) | (53) | (39) | (27) | (97) |
Capex
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| 14 | 118 | 28 | 53 | 270 | (5) | 30 | 159 | 481 | 373 |
FCF
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| 281 | 288 | 303 | 242 | 351 | 423 | 566 | 550 | 489 | 485 |
Working Cap'
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| 261 | 259 | 368 | 351 | 317 | 661 | 1,143 | 958 | 735 | 470 |
Total Debt
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| 126 | 88 | 217 | 231 | (10) | 461 | 895 | 740 | 279 | (66) |
Net Debt
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| 499 | 562 | 607 | 630 | 715 | 990 | 1,109 | 1,236 | 1,410 | 1,681 |
Sh' Equity
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| 2.32% | 5.96% | 5.44% | 4.81% | 5.53% | 5.13% | 4.37% | 3.42% | 4.51% | 6.39% |
ROA
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| 5.78% | 10.21% | 9.90% | 10.23% | 14.54% | 7.33% | 6.09% | 8.00% | 11.75% | 15.92% |
ROIC
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| 5.44% | 13.64% | 13.25% | 13.32% | 15.62% | 13.58% | 12.68% | 10.76% | 13.68% | 17.79% |
ROE
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Primoris Services Corporation peers in Engineering & Construction
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| TPC Tutor Perini Corporation | $4.4B | 35.6× | Compare |
| KBR KBR, Inc. | $4.4B | 10.4× | Compare |
| MYRG MYR Group, Inc. | $4.6B | 27.5× | Compare |
| GVA Granite Construction Incorporated | $4.9B | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EXPO Exponent, Inc. | $3.1B | 28.8× | Compare |
| ROAD Construction Partners, Inc. | $5.1B | 36.5× | Compare |
| AGX Argan, Inc. | $5.1B | 28.3× | Compare |
| LGN Legence Corp. | $5.7B | 0.0× | Compare |
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.
Primoris Services Corporation (PRIM) Latest News
25 Sep
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.
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
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
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
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
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
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.
Primoris stock may be 29% undervalued despite securities fraud lawsuit. Securities fraud lawsuit creates moderate risk to stock trajectory and sentiment.
4 Aug
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.
Primoris Services Corporation missed Q2 CY2026 sales expectations. Quarterly sales miss signals short-term pressure on financial results and investor sentiment.
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
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
Primoris Services (PRIM) Q2 earnings expected to decline. Expected Q2 earnings decline signals moderate negative pressure on PRIM stock performance and sentiment.
23 Jul
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
JPMorgan upgrades Primoris Services (PRIM) to Overweight. JPMorgan upgrade to Overweight can positively influence PRIM stock price and market perception.
2 Jul
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.
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.
Primoris stock may be 26% undervalued after renewables sector shock. Renewables shock creates temporary valuation gap without altering Primoris core trajectory.
1 Jul
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
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
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.
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
Primoris Services Corporation announced leadership changes. Leadership changes at Primoris Services Corporation may alter strategic direction and operations.
20 May
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
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
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
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
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.
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
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.