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Primoris Services Corporation PRIM
$ 73.12 4.52%
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Quarterly report 2026-Q1
added 05-23-2026

Primoris Services Corporation Income Statement 2025-2008 | PRIM

Brief overview of revenue and earnings at Primoris Services Corporation

The comparison covers a five-year financial horizon. The revenue attributed to Primoris Services Corporation moved from $3.5 billion to $1.9 billion between the two endpoints. The cumulative result was −46.8%, corresponding to roughly −11.9% per year. The business finished the period with a smaller revenue base.

The gross result shifted from $370 million to $175 million, or −52.7%. Costs absorbed a larger share of revenue over the period. The gross margin was 10.6% at the start and 9.4% at the end. The relationship between gross profit and revenue changed only slightly.

EBITDA changed from 246 million dollars to 503 million dollars (+104.3%). EBITDA expanded faster than the top line. At the operating-margin level, the figure shifted from 7.1% to 27.1%. The business generated more EBITDA from each unit of revenue.

Over the period, net income shifted from 105 million dollars to 51.8 million dollars (−50.7%). Profit pressure may reflect higher operating, financing, or tax costs.

Over the period, capitalization shifted from 1.4 billion dollars to 6.3 billion dollars (+351.9%). The share-price trend moved ahead of the financial performance.

Summary assessment

Signs of deterioration dominate the five-year picture. The positive side is supported by higher operating efficiency. The most visible risks are lower net income, pressure from direct costs and weak sales momentum. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Primoris Services Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

6.35 B 6.31 B 6.27 B 6.25 B 1.32 B 1.4 B 1.12 B 1.02 B 1.34 B 1.29 B 1.05 B 969 M 1.63 B 985 M 804 M 291 M 191 M -

Shares

54 M 53.7 M 53.3 M 53.2 M 52.7 M 48.3 M 50.8 M 51.4 M 51.5 M 51.8 M 51.6 M 51.6 M 51.5 M 51.4 M 50.7 M 42.7 M 31.9 M -

Historical Prices

118 118 118 118 25.7 28.9 20.9 19.3 25 23.6 19.2 17.5 29.4 17.6 14.5 6.82 5.99 -

Net Income

51.8 M 54 M 126 M 133 M 116 M 105 M 82.3 M 77.5 M 72.4 M 26.7 M 36.9 M 63.2 M 69.7 M 56.8 M 58.6 M 33.6 M 25.9 M -

Revenue

1.86 B 1.74 B 5.72 B 4.42 B 3.5 B 3.49 B 3.11 B 2.94 B 2.38 B 2 B 1.93 B 2.09 B 1.94 B 1.54 B 1.46 B 1.57 M - -

Cost of Revenue

6.76 B 5.66 B 5.13 B 3.96 B 3.08 B 3.12 B 2.78 B 2.61 B 2.1 B - - - - - - - - -

Gross Profit

175 M 185 M 588 M 457 M 417 M 370 M 331 M 326 M 278 M 201 M 220 M 236 M 256 M 193 M 185 M 123 M 75.6 M -

Operating Income

412 M 317 M 253 M 195 M 170 M 164 M 141 M 130 M 106 M 57.7 M 67.8 M 104 M 125 M 96.3 M 99 M 57.8 M 40.4 M -

Interest Expense

1.3 M 100 K 1.6 M 2.07 M 299 K 20.3 M 20.1 M 18.7 M 8.15 M 8.91 M 7.69 M 6.43 M 5.89 M 3.62 M 5.43 M 6.2 M 1.98 M -

EBITDA

503 M 413 M 360 M 294 M 276 M 246 M 226 M 223 M 173 M 128 M 133 M 162 M 175 M 132 M 133 M 75.7 M 48.7 M -

Operating Expenses

- - - - - 203 M 190 M 182 M 172 M 141 M 152 M 132 M 131 M 96.4 M 86.2 M - - -

General and Administrative Expenses

399 M 383 M 329 M 282 M 230 M 203 M 190 M 182 M 172 M 141 M 152 M 132 M 131 M 96.4 M 86.2 M 65 M 34.8 M -

All numbers in USD currency

Quarterly Income Statement Primoris Services Corporation

2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

54.1 M 54 M 54 M 53.8 M 53.7 M 53.6 M 53.5 M 53.3 M 53.3 M 53.2 M - - 53.3 M 53.2 M 53.2 M 53.8 M 53.7 M 49.5 M 48.1 M 48.3 M 48.3 M 48.6 M 50.5 M 51 M 50.9 M 50.8 M 51 M 51.4 M 51.5 M 51.5 M 51.4 M 51.4 M 51.4 M 51.6 M 51.8 M 51.8 M 51.8 M 51.7 M 51.7 M 51.7 M 51.7 M 51.6 M 51.6 M 51.6 M 51.7 M 51.6 M 51.6 M 51.6 M 51.6 M 51.5 M 51.4 M 51.4 M 51.4 M 51.1 M 51.1 M 51.1 M 51 M 49.7 M

Net Income

17.4 M 94.6 M 84.3 M 44.2 M 58.4 M 49.5 M 18.9 M 48.1 M 39 M 1.31 M - - 50.2 M -1.67 M 29.4 M 44.1 M 36.3 M 5.85 M 31.8 M 43.9 M 33 M -3.74 M 26.9 M 35.6 M 17.8 M 1.95 M 32.4 M 32.7 M 11.7 M 688 K 22.5 M 20.6 M 21.5 M 7.69 M 14.5 M 4.5 M 5.06 M 2.69 M 12.7 M 19.1 M 3.69 M 1.67 M 9.02 M 27.4 M 16 M 11.3 M 25.6 M 23.2 M 15.9 M 10 M 17.9 M 17.9 M 11.9 M 10.5 M 12.5 M 19.3 M 14.5 M 12.3 M

Revenue

1.56 B 2.18 B 1.89 B 1.65 B 1.65 B 1.56 B 1.41 B 1.53 B 1.41 B 1.26 B - - 1.02 B 784 M 884 M 913 M 882 M 818 M 897 M 943 M 908 M 743 M 790 M 865 M 790 M 662 M 878 M 909 M 649 M 504 M 579 M 608 M 631 M 562 M - - - - - - - - - 5.25 M 14 K 14 K - 113 K -213 K 269 K - -159 K -47 K 1.1 M - 2.08 M 4.4 M 826 K

Cost of Revenue

1.43 B 1.94 B 1.66 B 1.48 B 1.45 B 1.38 B 1.28 B 1.36 B 1.26 B 1.16 B - - 931 M 728 M - 786 M 769 M 738 M - 819 M 807 M 695 M - 757 M 709 M 609 M - 802 M 577 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

135 M 236 M 232 M 171 M 199 M 187 M 133 M 174 M 157 M 99.7 M - - 92.1 M 56.5 M 96 M 127 M 113 M 80.2 M 97.8 M 124 M 101 M 47.8 M 89.5 M 108 M 80.5 M 52.5 M 103 M 107 M 71.4 M 44.6 M 68.5 M 70.4 M 84.5 M 55.1 M 68.6 M 50.1 M 43.3 M 39.3 M 63.7 M 71.6 M 46.5 M 38 M 49.6 M 75.5 M 61.2 M 49.8 M 74.9 M 75.5 M 59.5 M 46.1 M 54.8 M 56.3 M 44 M 37.6 M 51 M 52.1 M 41.4 M 40.6 M

Operating Income

24.4 M 137 M 127 M 70.4 M 99.6 M 86.1 M 44.2 M 88.4 M 70.8 M 19 M - - 67.3 M 708 K - 65.3 M 54.8 M 12.9 M - 66.6 M 49.5 M 3.42 M - 58.6 M 31.8 M 9.53 M - 51.1 M 20.3 M 5.91 M - 27.9 M 38.5 M 15.2 M - 11.4 M 10.8 M 6.62 M - 33.1 M 7.95 M 4.24 M - 39.3 M 28 M 20 M - 39 M 28 M 17.5 M - 30.3 M 20.6 M 17.3 M - 32 M 20.9 M 20.8 M

Interest Expense

100 K 134 K 32 K 16 K 61 K 81 K -126 K 467 K 713 K 331 K - - 155 K -9 K - 181 K 379 K 4.72 M - 4.73 M 3.69 M 9.11 M - 5.19 M 6.72 M 5.59 M - 6.45 M 3.19 M 2 M - 2.2 M 2.14 M 2.26 M - 2.25 M 2.24 M 2.27 M - 1.9 M 1.74 M 1.92 M - 1.78 M 1.2 M 1.67 M - 1.58 M 1.5 M 1.42 M - 937 K 1.01 M 1.1 M - 1.52 M 1.35 M 1.37 M

EBITDA

48.2 M 161 M 149 M 91.8 M 172 M 136 M 68.8 M 170 M 126 M 46.8 M - - 108 M 20.9 M - 69.9 M 107 M 37.7 M - 129 M 91.4 M 25 M - 123 M 75.2 M 31.2 M - 98.8 M 50.3 M 20.3 M - 70.9 M 66.6 M 29.3 M - 57.8 M 41.6 M 21.9 M - 76.6 M 36.5 M 18.1 M - 76.4 M 51.9 M 31.8 M - 70 M 47.9 M 27 M - 51 M 34.2 M 23.7 M - 49.9 M 33 M 26.7 M

General and Administrative Expenses

106 M 97.7 M 105 M 99.5 M 98.1 M 100 M 88.6 M 84.4 M 85.6 M 78 M - - 59.7 M 55.5 M - 61.7 M 57.7 M 53.4 M - 57 M 51.4 M 44.4 M - 49.8 M 48.7 M 42.9 M - 51.6 M 43.5 M 37 M - 42.3 M 44.9 M 39.9 M - 36 M 32.5 M 32.7 M - 38.5 M 38.5 M 33.8 M - 36.2 M 33.2 M 29.7 M - 36.5 M 31.6 M 28.6 M - 26 M 23.4 M 20.3 M - 20.1 M 20.5 M 19.8 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Primoris Services Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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