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Primoris Services/$PRIM

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About Primoris Services

Primoris Services Corp is a provider of critical infrastructure services operating mainly in the United States and Canada. The company provides a range of construction, maintenance, replacement, and engineering services. The Utilities segment operates throughout the United States and specializes in a range of services, including the construction and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services to various industries. The majority of the company's revenue is derived from the Energy segment.
Ticker
$PRIM
Primary listing
NYSE
Employees
18,526

PRIM Metrics

BasicAdvanced
$3.9B
28.34
$2.57
1.44
$0.32
0.44%

What the Analysts think about PRIM

Analyst ratings (Buy, Hold, Sell) for Primoris Services stock.
Analyst projections of the future price of Primoris Services stock.

Bulls say / Bears say

Primoris reached a record $13.9 billion backlog in the second quarter, up $1.9 billion from year-end, with new awards in natural-gas generation, industrial work and power delivery. That provides a sizeable base of contracted work, although backlog is not a guarantee of future revenue. (Primoris Services Corporation)
The PayneCrest acquisition adds electrical construction capabilities for data centres and advanced facilities, widening Primoris’s exposure beyond its traditional project mix. Management said the acquired business delivered stronger-than-expected revenue and margins in its first two months in the group. (SEC, Stock Analysis)
The solar-project clean-up is advancing: five of the six projects that weighed on results had reached mechanical completion by late September, and the last was on track for completion in the fourth quarter. Finishing this work could reduce the drag from those projects, though it does not yet prove that their final costs are contained. (Primoris Services Corporation)
Second-quarter performance deteriorated sharply: Primoris reported a $24.2 million net loss, while adjusted EBITDA fell 92.6% year on year to $11.4 million. Gross margin dropped to 4.9% from 12.3%, showing how costly weak project execution can be. (Primoris Services Corporation)
The company identified further cost overruns and delays across six renewable projects, and cut its expected 2026 renewables revenue to about $2.1 billion from $3.0 billion in 2025. That sharp reset leaves earnings recovery dependent on finishing the troubled work and replacing it with profitable projects. (Primoris Services Corporation, Primoris Services Corporation)
Total debt rose to about $801 million at the end of June from $473 million at year-end, following the debt-funded PayneCrest acquisition. The company said its variable-rate debt was unhedged and a one-percentage-point rate move would change annual interest expense by about $7.8 million. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

PRIM Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PRIM Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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