PRIM Financials Primoris Services

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 Aug 9, 2026, 10:16 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$7.6B	$275M	10.7%	5.4%	16.4%	6.2%	$341M	$470M	$536M
2024	$6.4B	$181M	11.0%	5.0%	12.8%	4.3%	$382M	$735M	$456M
2023	$5.7B	$126M	10.3%	4.4%	10.2%	3.3%	$96M	$958M	$218M
2022	$4.4B	$133M	10.3%	4.4%	12.0%	3.8%	-$11M	$1.1B	$249M
2021	$3.5B	$116M	11.9%	4.9%	11.7%	4.6%	-$54M	$661M	$201M
2020	$3.5B	$105M	10.6%	4.7%	14.7%	5.3%	$249M	$317M	$327M
2019	$3.1B	$82M	10.7%	4.5%	13.1%	4.5%	$24M	$351M	$120M
2018	$2.9B	$77M	11.1%	4.4%	—	4.9%	$17M	$368M	$151M
2017	$2.4B	$72M	11.7%	4.5%	—	5.8%	$109M	$259M	$170M
2016	$2.0B	$27M	10.1%	2.9%	—	2.3%	$5M	$261M	$136M
2015	—	$37M	—	—	—	3.3%	-$19M	$274M	$161M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.7B	-$24M	4.9%	-1.6%	-1.5%	-0.5%	-$31M	$797M	$218M
Mar '26	$1.6B	$17M	8.6%	1.6%	1.0%	0.4%	-$150M	$454M	$362M
Dec '25	$1.9B	$52M	9.4%	4.2%	3.1%	1.2%	$121M	$470M	$536M
Sep '25	$2.2B	$95M	10.8%	6.3%	5.8%	2.0%	$148M	$486M	$431M
Jun '25	$1.9B	$84M	12.3%	6.7%	5.5%	1.9%	$45M	$603M	$390M
Mar '25	$1.6B	$44M	10.4%	4.3%	3.1%	1.0%	$26M	$612M	$352M
Dec '24	$1.7B	$54M	10.6%	5.0%	3.8%	1.3%	$270M	$735M	$456M
Sep '24	$1.6B	$58M	12.0%	6.0%	4.3%	1.4%	$159M	$904M	$353M
Jun '24	$1.6B	$50M	11.9%	5.5%	3.8%	1.2%	-$8M	$933M	$207M
Mar '24	$1.4B	$19M	9.4%	3.1%	1.5%	0.5%	-$39M	$952M	$178M
Dec '23	$1.5B	$38M	10.3%	4.9%	3.0%	1.0%	$185M	$958M	$218M
Sep '23	$1.5B	$48M	11.4%	5.8%	4.0%	1.3%	$34M	$1.1B	$161M
Jun '23	$1.4B	$39M	11.1%	5.0%	3.4%	1.0%	$6M	$1.1B	$123M
Mar '23	$1.3B	$1M	7.9%	1.5%	0.1%	0.0%	-$129M	$1.1B	$95M
Dec '22	$1.3B	$42M	11.5%	4.6%	3.7%	1.2%	$166M	$1.1B	$249M
Sep '22	$1.3B	$43M	12.1%	5.2%	4.0%	1.2%	-$21M	$1.2B	$112M
Jun '22	$1.0B	$50M	9.0%	6.6%	4.9%	1.8%	-$130M	$701M	$91M
Mar '22	$784M	-$2M	7.2%	0.1%	-0.2%	-0.1%	-$27M	$665M	$174M
Dec '21	$884M	$30M	10.9%	4.2%	3.0%	1.2%	$32M	$661M	$201M
Sep '21	$913M	$44M	14.0%	7.1%	4.5%	1.7%	-$30M	$679M	$199M

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 10.0× (Mar '23) to 15.6× (Nov '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.6× (Nov '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.4% (Nov '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'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 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?

Primoris Services's P/E (TTM) is 30.70 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PRIM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 15.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.