11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.8% per year over the past 5 years.
Net income has grown faster than revenue (21.2% vs 16.8% per year).
Operating margin has been roughly flat, at 5.4% in the latest year.
Free cash flow has grown 6.5% per year over the past 5 years.
Financial health
The company holds more cash ($536M) than total debt ($470M).
Total debt has grown slower than revenue (8.2% vs 16.8% per year).
Total debt is 0.9× EBITDA.
Shareholder returns
Dividends have been paid for 11 consecutive years, consuming 6.3% of earnings and 5.1% of free cash flow.
The dividend has grown 8.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$7.6B
$275M
10.7%
5.4%
$341M
$470M
$536M
2024
$6.4B
$181M
11.0%
5.0%
$382M
$735M
$456M
2023
$5.7B
$126M
10.3%
4.4%
$96M
$958M
$218M
2022
$4.4B
$133M
10.3%
4.4%
-$11M
$1.1B
$249M
2021
$3.5B
$116M
11.9%
4.9%
-$54M
$661M
$201M
2020
$3.5B
$105M
10.6%
4.7%
$249M
$317M
$327M
2019
$3.1B
$82M
10.7%
4.5%
$24M
$351M
$120M
2018
$2.9B
$77M
11.1%
4.4%
$17M
$368M
$151M
2017
$2.4B
$72M
11.7%
4.5%
$109M
$259M
$170M
2016
$2.0B
$27M
10.1%
2.9%
$5M
$261M
$136M
2015
—
$37M
—
—
-$19M
$274M
$161M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.6B
$17M
8.6%
1.6%
-$150M
$454M
$362M
Dec '25
$1.9B
$52M
9.4%
4.2%
$121M
$470M
$536M
Sep '25
$2.2B
$95M
10.8%
6.3%
$148M
$486M
$431M
Jun '25
$1.9B
$84M
12.3%
6.7%
$45M
$603M
$390M
Mar '25
$1.6B
$44M
10.4%
4.3%
$26M
$612M
$352M
Dec '24
$1.7B
$54M
10.6%
5.0%
$270M
$735M
$456M
Sep '24
$1.6B
$58M
12.0%
6.0%
$159M
$904M
$353M
Jun '24
$1.6B
$50M
11.9%
5.5%
-$8M
$933M
$207M
Mar '24
$1.4B
$19M
9.4%
3.1%
-$39M
$952M
$178M
Dec '23
$1.5B
$38M
10.3%
4.9%
$185M
$958M
$218M
Sep '23
$1.5B
$48M
11.4%
5.8%
$34M
$1.1B
$161M
Jun '23
$1.4B
$39M
11.1%
5.0%
$6M
$1.1B
$123M
Mar '23
$1.3B
$1M
7.9%
1.5%
-$129M
$1.1B
$95M
Dec '22
$1.3B
$42M
11.5%
4.6%
$166M
$1.1B
$249M
Sep '22
$1.3B
$43M
12.1%
5.2%
-$21M
$1.2B
$112M
Jun '22
$1.0B
$50M
9.0%
6.6%
-$130M
$701M
$91M
Mar '22
$784M
-$2M
7.2%
0.1%
-$27M
$665M
$174M
Dec '21
$884M
$30M
10.9%
4.2%
$32M
$661M
$201M
Sep '21
$913M
$44M
14.0%
7.1%
-$30M
$679M
$199M
Jun '21
$882M
$36M
12.8%
6.2%
-$45M
$655M
$178M
Valuation over time
How the market has priced PRIM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.1× (Mar '23) to 19.0× (Jun '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.7× (Jun '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.3% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PRIM growing its revenue and profit?
Over the past 5 years, Primoris Services Corp's revenue has grown 16.8% per year, and net income grown 21.2% per year. These are computed facts, not advice.
How much debt does PRIM have?
As of FY2025, Primoris Services Corp reported $470M of total debt against $536M of cash.
What is PRIM's profit margin?
In FY2025, gross margin was 10.7%, operating margin 5.4%, and net margin 3.6%.
What is PRIM's P/E ratio?
As of Jun '26, Primoris Services Corp traded at a price-to-earnings ratio of about 19.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.