PRIM Stock - Primoris Services Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $6.37B | $5.72B | $4.42B | $3.50B | $3.49B |
| Gross Profit | $703.25M | $587.49M | $456.88M | $416.66M | $370.21M |
| Gross Margin | 11.0% | 10.3% | 10.3% | 11.9% | 10.6% |
| Operating Income | $317.45M | $253.07M | $195.34M | $170.15M | $163.95M |
| Net Income | $180.89M | $126.14M | $133.02M | $115.74M | $104.98M |
| Net Margin | 2.8% | 2.2% | 3.0% | 3.3% | 3.0% |
| EPS | $3.37 | $2.37 | $2.50 | $2.19 | $2.17 |
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2025 | JP Morgan | Downgrade | Neutral | $143 |
| November 24th 2025 | Goldman | Initiation | Sell | $117 |
| November 14th 2025 | Wells Fargo | Initiation | Equal Weight | - |
| October 22nd 2025 | Needham | Initiation | Buy | $175 |
| October 15th 2025 | Guggenheim | Downgrade | Neutral | - |
| October 9th 2025 | Roth Capital | Initiation | Buy | $170 |
| September 4th 2025 | Mizuho | Initiation | Neutral | $112 |
| July 3rd 2025 | Janney | Initiation | Buy | - |
| April 8th 2025 | Piper Sandler | Initiation | Overweight | $75 |
| March 11th 2025 | Jefferies | Initiation | Buy | $73 |
| January 8th 2025 | Guggenheim | Initiation | Buy | $102 |
| December 11th 2024 | KeyBanc Capital Markets | Initiation | Overweight | $96 |
| October 7th 2024 | JP Morgan | Initiation | Overweight | $71 |
| April 3rd 2023 | Goldman | Upgrade | Neutral | $27← $22.5 |
Earnings History & Surprises
PRIMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $0.95 | — | — | — |
Q4 2025 | Nov 3, 2025 | $1.32 | $1.88 | +42.4% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $1.06 | $1.68 | +58.5% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $0.72 | $0.98 | +36.1% | ✓ BEAT |
Q1 2025 | Feb 24, 2025 | $0.76 | $1.13 | +48.7% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $1.02 | $1.22 | +19.6% | ✓ BEAT |
Q3 2024 | Aug 5, 2024 | $0.79 | $1.04 | +31.6% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.14 | $0.35 | +150.0% | ✓ BEAT |
Q1 2024 | Feb 26, 2024 | $0.67 | $0.69 | +3.0% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $0.78 | $0.89 | +14.1% | ✓ BEAT |
Q3 2023 | Aug 7, 2023 | $0.54 | $0.72 | +33.3% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.08 | $0.18 | +325.0% | ✓ BEAT |
Q1 2023 | Feb 27, 2023 | $0.72 | $0.77 | +6.9% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $0.79 | $0.80 | +1.3% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.59 | $0.48 | -18.6% | ✗ MISS |
Q2 2022 | May 9, 2022 | $0.10 | $0.01 | -90.0% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $0.56 | $0.54 | -3.6% | ✗ MISS |
Q4 2021 | Nov 8, 2021 | $0.78 | $0.81 | +3.8% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.72 | $0.67 | -6.9% | ✗ MISS |
Latest News
Primoris Services shares are trading higher after the company was added to the S&P SmallCap 600.
📈 PositiveJP Morgan Downgrades Primoris Services to Neutral, Lowers Price Target to $143
➖ NeutralPrimoris Services, Casella Waste Systems, Indivior, Hawaiian Electric, LKQ, Solstice Advanced Materials, Mohawk Industries, Under Armour, Power Integrations, Perrigo, Iridium Communications, Marriott Vacations Worldwide And Insperity Added To S&P SmallCap 600
📈 PositiveGoldman Sachs Initiates Coverage On Primoris Services with Sell Rating, Announces Price Target of $117
📉 NegativeWells Fargo Initiates Coverage On Primoris Services with Equal-Weight Rating, Announces Price Target of $138
➖ NeutralDA Davidson Maintains Buy on Primoris Services, Raises Price Target to $150
📈 PositiveJP Morgan Maintains Overweight on Primoris Services, Raises Price Target to $145
📈 PositiveKeybanc Maintains Overweight on Primoris Services, Raises Price Target to $159
📈 PositivePrimoris Services shares are trading lower. The company reported Q3 financial results.
📉 NegativePrimoris Services Raises FY2025 Adj EPS Guidance from $4.90-$5.10 to $5.35-$5.55
📈 PositivePrimoris Services Raises FY2025 GAAP EPS Guidance from $4.40-$4.60 to $4.75-$4.95
📈 PositivePrimoris Services Q3 Adj. EPS $1.88 Beats $1.36 Estimate, Sales $2.178B Beat $1.843B Estimate
📈 PositiveNeedham Initiates Coverage On Primoris Services with Buy Rating, Announces Price Target of $175
📈 PositiveKeybanc Maintains Overweight on Primoris Services, Raises Price Target to $154
📈 PositiveJP Morgan Maintains Overweight on Primoris Services, Raises Price Target to $141
📈 PositiveGuggenheim Downgrades Primoris Services to Neutral
📉 NegativeRoth Capital Initiates Coverage On Primoris Services with Buy Rating, Announces Price Target of $170
📈 PositiveJefferies Maintains Buy on Primoris Services, Raises Price Target to $160
📈 PositivePrimoris Services Appoints Koti Vadlamudi As President, CEO, Effective Nov. 10, Succeeding David King
➖ NeutralUBS Maintains Buy on Primoris Services, Raises Price Target to $158
📈 PositiveFrequently Asked Questions about PRIM
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