Primoris Services Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 3.50B | 4.42B | 5.72B | 6.37B | 7.57B | 19.0% | |
| Cost of Revenue | (3.08B) | (3.96B) | (5.13B) | (5.66B) | (6.76B) | 19.4% | |
Gross Profit | 416.66M | 456.88M | 587.49M | 703.25M | 813.10M | 15.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (230.11M) | (281.58M) | (328.73M) | (383.35M) | (399.20M) | 4.1% | |
| Depreciation & Amortization | (105.56M) | (99.16M) | (107.04M) | (95.52M) | (91.90M) | -3.8% | |
Operating Income (EBIT) | 170.15M | 195.34M | 253.07M | 317.45M | 413.90M | 30.4% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (18.50M) | (39.21M) | (78.17M) | (65.31M) | (28.70M) | -56.1% | |
| Other Income/Expenses (Net) | -18.29M | -36.05M | -75.40M | -62.53M | -29.90M | -52.2% | |
Income Before Tax | 151.86M | 159.29M | 177.67M | 254.92M | 384.00M | 50.6% | |
| Income Tax Expense | (36.12M) | (26.27M) | (51.52M) | (74.03M) | (109.10M) | 47.4% | |
Net Income | 115.74M | 133.02M | 126.14M | 180.89M | 274.90M | 52.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $2 | $3 | $2 | $3 | $5 | 51.0% | |
| Weighted Avg Shares Outstanding | 52.67M | 53.20M | 53.30M | 53.64M | 54.00M | 0.7% | |
| Weighted Avg Shares Outstanding (Diluted) | 53.16M | 53.76M | 54.22M | 54.58M | 54.80M | 0.4% | |
EBITDA | 275.91M | 297.65M | 362.88M | 415.75M | 504.60M | 21.4% |
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PRIM in the Industrials
Mid Cap