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Primoris Services Corporation

EDGAR
PRIM Quarterly report (10-Q) · filed 2026-08-05

Annual consolidated revenue for 2025: about Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 7.575B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 6.367B.

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Watchlist

Latest quarter

Revenue

1.69 billion Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg

2026 Q2 · Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg

Exact inputs and evidence
  • Revenue: 1688200000 Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg Source

Operating margin

-1.59%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -26800000 Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg Source
  • Revenue: 1688200000 Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg Source
Cash and cash equivalents
218 million Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg Source
Exact value

218200000 Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg

Long-term debt including current maturities
797 million Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg Source
Exact value

797000000 Unit_Standard_USD_5SD_IKkBDkavv4LvIxb_yg

Shares outstanding
53.8 million Unit_Standard_shares_TzSLHLf-20-zv_2lUdbzEw Source
Exact value

53828741 Unit_Standard_shares_TzSLHLf-20-zv_2lUdbzEw

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Current assets: Multiple units; comparison withheld· newest 2025-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • Long-term debt including current maturities: Multiple units; comparison withheld· newest 2025-12-31
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +19%

    Prior period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 6.37 billion

    –

    Current period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 7.57 billion

    –

    Exact inputs and evidence

    7574900000 − 6366800000 = 1208100000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

    6366800000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7574900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2025-01-01 – 2025-12-31

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  • Net income

    +52%

    Prior period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 180.9 million

    –

    Current period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 274.9 million

    –

    Exact inputs and evidence

    274900000 − 180900000 = 94000000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

    180900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2024-01-01 – 2024-12-31

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    274900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -7.5%

    Prior period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 508.3 million

    –

    Current period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 470.4 million

    –

    Exact inputs and evidence

    470400000 − 508300000 = -37900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

    508300000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2024-01-01 – 2024-12-31

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    470400000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +2.7%

    Prior period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 126.5 million

    –

    Current period

    Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 129.9 million

    –

    Exact inputs and evidence

    129900000 − 126500000 = 3400000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

    126500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2024-01-01 – 2024-12-31

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    129900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 7.57 billion 100% of revenue
  • Operating costs Derived Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 7.16 billion 95% of revenue
  • Operating income Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 411.5 million 5.4% of revenue
  • Tax, interest and other Derived Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 136.6 million 1.8% of revenue
  • Net income Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 274.9 million 3.6% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 470.4 million 6.2% of revenue
  • Capital expenditure Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 129.9 million 1.7% of revenue
  • Free cash flow Derived Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 340.5 million 4.5% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 96%
  • 2024 95%
  • 2025 95%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-315715300000 5462200000 Derived 253100000 127000000 Derived 126100000 95500000 Derived
Source
2024 2024-01-01 – 2024-12-316366800000 6049400000 Derived 317400000 136500000 Derived 180900000 381800000 Derived
Source
2025 2025-01-01 – 2025-12-317574900000 7163400000 Derived 411500000 136600000 Derived 274900000 340500000 Derived
Source

Amounts are exact, in Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 7.6B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.2B6.1B4.1B2.0B0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ)Source evidence
2023Revenue5715300000
2024Revenue6366800000
2025Revenue7574900000

Revenue growth

Change in revenue from the same financial period one year earlier.

19% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20.5%15.4%10.2%5.1%0.0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year11.4%
2025Year over year19%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 5.4% 2025
Net margin 3.6% 2025
Free cash flow margin 4.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.5%4.9%3.2%1.6%0.0%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin4.4%
2024Operating margin5%
2025Operating margin5.4%
2023Net margin2.2%
2024Net margin2.8%
2025Net margin3.6%
2023Free cash flow margin1.7%
2024Free cash flow margin6%
2025Free cash flow margin4.5%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 470.4M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.549.0M411.7M274.5M137.2M0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ)Source evidence
2023Operating cash flow198500000
2024Operating cash flow508300000
2025Operating cash flow470400000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 340.5M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.412.3M309.3M206.2M103.1M0.0202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ)Source evidence
2023Free cash flow95500000
2024Free cash flow381800000
2025Free cash flow340500000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 126.1 million
Exact value

Exact value: 126100000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2023-01-01 – 2023-12-31: 126100000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Net Income Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 198.5 million
Exact value

Exact value: 198500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2023-01-01 – 2023-12-31: 198500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Operating Cash Flow Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 103 million
Exact value

Exact value: 103000000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2023-01-01 – 2023-12-31: 103000000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Capital Expenditure Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 95.5 million
Calculation and evidence

198500000 − 103000000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

Exact free cash flow: 95500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

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2024 2024-01-01 – 2024-12-31
Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 180.9 million
Exact value

Exact value: 180900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2024-01-01 – 2024-12-31: 180900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Net Income Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 508.3 million
Exact value

Exact value: 508300000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2024-01-01 – 2024-12-31: 508300000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Operating Cash Flow Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 126.5 million
Exact value

Exact value: 126500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2024-01-01 – 2024-12-31: 126500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Capital Expenditure Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 381.8 million
Calculation and evidence

508300000 − 126500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

Exact free cash flow: 381800000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

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2025 2025-01-01 – 2025-12-31
Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 274.9 million
Exact value

Exact value: 274900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2025-01-01 – 2025-12-31: 274900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Net Income Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 470.4 million
Exact value

Exact value: 470400000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2025-01-01 – 2025-12-31: 470400000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Operating Cash Flow Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 129.9 million
Exact value

Exact value: 129900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

2025-01-01 – 2025-12-31: 129900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ Inspect Capital Expenditure Open source
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Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ 340.5 million
Calculation and evidence

470400000 − 129900000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

Exact free cash flow: 340500000 Unit_Standard_USD_EXzX5CFUYEmbNb0YGMcTsQ

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

88 filings · 14,657 latest values · 14,657 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001361538, 1361538, PRIM, edgar:1361538

Also known as Primoris Services CORP, Primoris Services Corp, Primoris Services Corporation, Rhapsody Acquisition Corp.