Primoris Services Corp

Listed Company

PRIMCIK 0001361538NYSELarge AcceleratedWater, Sewer, Pipeline, Comm & Power Line ConstructionDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.57B

Net Income

$274.90M

Total Assets

$4.41B

Equity

$1.68B

Shares Out

54.25M

Op. Cash Flow

$470.40M

PRIM$86.00−1.57% · past yearDBEQ Basic

Daily closing prices

Business

Primoris Services Corporation is a leading provider of critical infrastructure services in the United States and Canada, offering construction, maintenance, replacement, and engineering services to utilities, energy companies, and transportation agencies. The company operates through two reportable segments: Utilities, which specializes in natural gas and electric distribution and transmission system construction and maintenance, and Energy, which provides engineering, procurement, construction, and maintenance services for energy, renewable energy, renewable fuels, and petrochemical industries. Services are delivered under long-term Master Service Agreements and project-based contracts, with the company self-performing most work using its own skilled workforce and owned or leased equipment fleet.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	7,575	6,367	5,715	4,421	3,498
Cost of revenue	6,762	5,664	5,128	3,964	3,081
Gross profit	813	703	588	457	417
Selling, general and administrative expenses	399	383	329	282	230
Transaction and related costs	2	3	6	20	16
Operating income	412	317	253	195	170
Foreign exchange (loss) gain, net	−100,000	3	1	1	−95,000
Other income, net	1	100,000	2	2	299,000
Interest expense, net	−29	−65	−78	−39	−18
Income before provision for income taxes	384	255	178	159	152
Provision for income taxes	−109	−74	−52	−26	−36
Net income	275	181	126	133	116
Dividends per common share (in dollars per share)	0.32	0.26	0.24	0.24	0.24
Basic (in dollars per share)	5.09	3.37	2.37	2.5	2.19
Diluted (in dollars per share)	5.02	3.31	2.33	2.47	2.17
Basic (in shares)	54	54	53	53	53
Diluted (in shares)	55	55	54	54	53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	536	456	218	249	201
Accounts receivable, net	723	834	685	663	472
Contract assets	937	774	846	616	424
Prepaid expenses and other current assets	138	96	136	176	86
Total current assets	2,334	2,160	1,885	1,704	1,182
Property and equipment, net	531	488	476	494	433
Operating lease assets	489	461	361	203	159
Intangible assets, net	190	208	228	249	171
Goodwill	857	857	858	872	582
Other long-term assets	7	22	21	22	15
Total assets	4,408	4,196	3,827	3,544	2,543
Accounts payable	744	624	629	535	273
Contract liabilities	634	617	367	276	240
Accrued liabilities	405	350	263	246	175
Dividends payable	4	4	3	3	3
Current portion of long-term debt	61	75	73	78	67
Total current liabilities	1,849	1,671	1,335	1,138	759
Long-term debt, net of current portion	409	660	885	1,065	594
Noncurrent operating lease liabilities, net of current portion	326	333	263	131	98
Deferred tax liabilities	71	64	60	57	39
Other long-term liabilities	72	58	48	44	63
Total liabilities	2,727	2,786	2,591	2,435	1,553
Commitments and contingencies (See Note 13)	—	—	—	—	—
Additional paid-in capital	297	286	276	264	262
Retained earnings	1,386	1,128	961	848	727
Accumulated other comprehensive income	−2	−4	−788,000	−3	698,000
Total stockholders' equity	1,681	1,410	1,236	1,109	990
Total liabilities and stockholders' equity	4,408	4,196	3,827	3,544	2,543

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	92	96	107	99	106
Stock-based compensation expense	21	15	12	7	10
Gain on sale of property and equipment	−22	−45	−48	−32	−16
Unrealized loss (gain) on interest rate swap	—	2	−400,000	−6	−5
Other non-cash items	2	4	2	277,000	1
Accounts receivable	111	−168	−17	−99	11
Contract assets	−162	63	−230	−119	−67
Other current assets	−32	18	46	−70	−55
Net deferred tax liabilities	7	5	29	15	26
Other long-term assets	100,000	39,000	500,000	932,000	−2
Accounts payable	121	11	93	192	16
Contract liabilities	16	251	85	−8	−29
Operating lease assets and liabilities, net	−2	−5	−1	−505,000	−3
Accrued liabilities	28	66	−7	6	−25
Other long-term liabilities	15	14	1	4	−5
Net cash provided by operating activities	470	508	199	83	80
Purchase of property and equipment	−130	−127	−103	−95	−134
Proceeds from sale of assets	33	99	64	41	50
Cash paid for acquisitions, net of cash and restricted cash acquired	—	—	9	−478	−607
Proceeds from repayment of note receivable	4	—	—	—	—
Net cash used in investing activities	−94	−27	−30	−482	−691
Borrowings under revolving lines of credit	—	—	440	189	100
Payments on revolving lines of credit	—	—	−540	−89	−100
Proceeds from issuance of long-term debt	—	—	10	470	462
Payments on long-term debt	−329	−225	−97	−87	−114
Proceeds from pledge of accounts receivable under securitization facility	63	—	—	—	—
Payments related to tax withholding for stock-based compensation	−12	−8	−2	−1	—
Dividends paid	−17	−13	−13	−13	−13
Other	−400,000	500,000	−4	−4	−9
Net cash used in financing activities	−296	−244	−205	452	486
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−300,000	1	1	−102,000	456,000
Net change in cash, cash equivalents and restricted cash	80	238	−36	53	−125
Cash paid for interest	22	61	82	37	22
Cash paid for income taxes, net of refunds received	87	65	5	4	39
Value of transferable investment tax credits (ITC) purchased	45	40	—	—	—
Cash paid for transferable investment tax credits (ITC)	42	37	—	—	—
Leased assets obtained in exchange for new operating leases	162	229	260	98	17

Filings

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Frequently asked questions

What is Primoris Services Corp's CIK number?

Primoris Services Corp's SEC CIK number is 0001361538 (1361538). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Primoris Services Corp's SEC filings?

All of Primoris Services Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Primoris Services Corp last report earnings?

Primoris Services Corp (PRIM) most recently filed an earnings 8-K with the SEC on Jun 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001361538-26-000017). This is Primoris Services Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Primoris Services Corp's most recent earnings 8-K?

Primoris Services Corp's latest earnings 8-K (Item 2.02) was filed Jun 22, 2026 under accession 0001361538-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Primoris Services Corp's latest earnings 8-K →
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