PRIM - Primoris Services Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$153.25
DETAILS
HIGH:
$195.00
LOW:
$107.00
MEDIAN:
$148.50
CONSENSUS:
$153.25
UPSIDE:
30.37%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 7,574.9 | 6,366.8 | 5,715.3 | 4,420.6 | 3,497.6 | 3,491.5 | 3,106.3 | 2,939.5 | 2,380.0 | 1,996.9 | 1,929.4 | 2,086.2 | 1,944.2 | 1,541.7 | 1,460.2 | 941.8 | 467.0 | 609.1 | 0 |
| Cost of Revenue | 6,761.8 | 5,663.6 | 5,127.8 | 3,963.7 | 3,081.0 | 3,121.3 | 2,775.4 | 2,613.7 | 2,101.6 | 1,795.6 | 1,709.5 | 1,850.2 | 1,688.2 | 1,349.0 | 1,274.9 | 819.0 | 391.4 | 538.6 | 0 |
| Gross Profit | 813.1 | 703.2 | 587.5 | 456.9 | 416.7 | 370.2 | 330.9 | 325.7 | 278.4 | 201.3 | 219.9 | 236.0 | 256.0 | 192.7 | 185.2 | 122.8 | 75.6 | 70.4 | 0 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 399.2 | 383.4 | 328.7 | 281.6 | 230.1 | 202.8 | 189.1 | 182.0 | 172.1 | 140.8 | 152.1 | 132.2 | 130.8 | 96.4 | 86.2 | 65.0 | 34.8 | 31.5 | 0.2 |
| Other Expenses | 0 | 2.4 | 5.7 | (20.0) | 16.4 | 3.4 | 0.9 | (0.8) | 0.5 | (0.3) | 0 | (0.8) | 0 | (0.9) | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 399.2 | 385.8 | 334.4 | 261.5 | 246.5 | 206.3 | 190.1 | 182.0 | 172.1 | 140.8 | 152.1 | 132.2 | 130.8 | 96.4 | 86.2 | 65.0 | 34.8 | 31.5 | 0.2 |
| Operating Income | |||||||||||||||||||
| Operating Income | 413.9 | 317.5 | 253.1 | 195.3 | 170.2 | 163.9 | 140.9 | 130.5 | 106.3 | 57.7 | 67.8 | 103.8 | 125.2 | 96.3 | 99.0 | 57.8 | 40.4 | 34.9 | (0.2) |
| Interest Expense | 28.7 | 65.3 | 78.2 | 39.2 | 18.5 | 14.1 | 19.1 | 18.7 | 8.1 | 8.9 | 7.7 | 6.4 | 5.9 | 3.6 | 5.4 | 6.2 | 2.0 | 0.9 | 1.8 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 1.8 | 0.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 | 0.0 | 1.8 |
| Profitability | |||||||||||||||||||
| EBITDA | 504.6 | 415.8 | 362.9 | 297.7 | 275.9 | 248.1 | 222.5 | 208.2 | 179.7 | 125.8 | 134.0 | 167.2 | 175.4 | 131.3 | 136.0 | 86.4 | 58.8 | 50.2 | (0.2) |
| EBIT | 412.7 | 320.2 | 255.8 | 198.5 | 170.4 | 165.6 | 137.1 | 132.1 | 113.4 | 57.8 | 68.8 | 108.8 | 125.5 | 95.7 | 102.2 | 61.9 | 50.1 | 43.5 | 29.8 |
| Income Before Tax | 384 | 254.9 | 177.7 | 159.3 | 151.9 | 145.6 | 117.9 | 113.4 | 105.3 | 48.9 | 61.1 | 102.3 | 119.6 | 92.1 | 96.7 | 55.7 | 48.1 | 41.3 | 0.4 |
| Income Tax Expense | 109.1 | 74.0 | 51.5 | 26.3 | 36.1 | 40.7 | 33.8 | 25.8 | 28.4 | 21.1 | 23.9 | 38.6 | 44.9 | 33.8 | 38.2 | 22.1 | 18.4 | 4.8 | 0.1 |
| Net Income | 274.9 | 180.9 | 126.1 | 133.0 | 115.7 | 105.0 | 82.3 | 77.5 | 72.4 | 26.7 | 36.9 | 63.2 | 69.7 | 56.8 | 58.6 | 33.6 | 25.9 | 36.4 | 0.4 |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 5.09 | 3.37 | 2.37 | 2.50 | 2.19 | 2.17 | 1.62 | 1.51 | 1.41 | 0.52 | 0.71 | 1.22 | 1.35 | 1.10 | 1.15 | 0.79 | 0.81 | 1.39 | 0.07 |
| EPS (Diluted) | 5.02 | 3.31 | 2.33 | 2.47 | 2.17 | 2.16 | 1.61 | 1.50 | 1.40 | 0.51 | 0.71 | 1.22 | 1.35 | 1.10 | 1.14 | 0.72 | 0.75 | 1.29 | 0.07 |
| Shares Outstanding | 54 | 53.6 | 53.3 | 53.2 | 52.7 | 48.3 | 50.8 | 51.4 | 51.5 | 51.8 | 51.6 | 51.6 | 51.5 | 51.4 | 50.7 | 42.7 | 31.9 | 26.3 | 3.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 541.3 | 455.8 | 217.8 | 248.7 | 200.5 | 326.7 | 120.3 | 151.1 | 170.4 | 135.8 | 90.0 | 73.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.1 | 15.0 |
| Net Receivables | 1,604.3 | 1,608.1 | 1,531.6 | 663.1 | 880.4 | 758.3 | 749.7 | 711.2 | 518.3 | 526.6 | 108.5 | 111.8 |
| Inventory | 56 | 49.1 | 0 | 21.6 | 14.9 | 0 | 0 | 0 | 40.9 | 49.2 | 22.3 | 2.3 |
| Other Current Assets | 132 | 46.5 | 135.8 | 771.0 | 0 | 0 | 0 | 0 | 13.6 | 0 | 29.5 | 40.8 |
| Total Current Assets | 2,333.6 | 2,159.5 | 1,885.2 | 1,704.4 | 1,182.1 | 1,115.3 | 912.7 | 924.4 | 743.2 | 731.4 | 285.5 | 222.5 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 1,020.1 | 949.3 | 836.4 | 696.7 | 591.9 | 563.5 | 618.3 | 375.9 | 311.8 | 277.3 | 92.6 | 26.2 |
| Goodwill | 856.9 | 856.9 | 857.6 | 871.8 | 581.7 | 215.1 | 215.1 | 206.2 | 153.4 | 127.2 | 59.7 | 2.8 |
| Intangible Assets | 190.2 | 207.9 | 227.6 | 249.4 | 171.3 | 61.0 | 69.8 | 81.2 | 44.8 | 32.8 | 32.7 | 0.1 |
| Long-Term Investments | 0 | 0 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6 | 0 |
| Other Non-Current Assets | 7 | 22.3 | 18.9 | 21.8 | 15.1 | 12.8 | 13.5 | 5.0 | 2.6 | 2.0 | (5.6) | 0.6 |
| Total Non-Current Assets | 2,074.2 | 2,036.4 | 1,942.2 | 1,839.6 | 1,361.2 | 854.3 | 917.8 | 669.7 | 512.5 | 439.4 | 190.5 | 29.8 |
| Total Assets | 4,407.8 | 4,195.9 | 3,827.4 | 3,544.0 | 2,543.3 | 1,969.6 | 1,830.5 | 1,594.1 | 1,255.7 | 1,170.8 | 476.0 | 252.2 |
| Current Liabilities | ||||||||||||
| Account Payables | 744.3 | 624.3 | 629.0 | 535.0 | 273.5 | 245.9 | 236.0 | 249.2 | 140.9 | 168.1 | 62.6 | 51.0 |
| Short-Term Debt | 216.3 | 74.6 | 72.9 | 78.1 | 67.2 | 47.7 | 55.7 | 62.5 | 65.5 | 58.2 | 16.9 | 5.7 |
| Deferred Revenue | 633.6 | 617.4 | 366.5 | 269.9 | 240.4 | 267.2 | 192.4 | 189.5 | 159.0 | 112.6 | 38.0 | 2.4 |
| Other Current Liabilities | 48.4 | 39.8 | 18.0 | 29.2 | 30.6 | 8.4 | 9.9 | 55.0 | 66.6 | 63.7 | 137.2 | 78.7 |
| Total Current Liabilities | 1,848.5 | 1,670.7 | 1,335.0 | 1,138.1 | 759.1 | 764.4 | 670.4 | 621.8 | 480.8 | 449.9 | 242.2 | 168.4 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 734.6 | 660.2 | 885.4 | 1,065.3 | 594.2 | 268.8 | 295.6 | 305.7 | 193.4 | 203.2 | 70.2 | 26.6 |
| Deferred Tax Liabilities | 71.4 | 64.0 | 59.6 | 57.1 | 38.5 | 13.5 | 17.8 | 8.2 | 13.6 | 9.8 | 2.6 | 1.4 |
| Other Non-Current Liabilities | (253.3) | 58.1 | 47.9 | 43.9 | 63.4 | 70.1 | 45.8 | 51.5 | 5.7 | 9.3 | 9.3 | 0 |
| Total Non-Current Liabilities | 878.3 | 1,115.6 | 1,256.3 | 1,297.1 | 794.2 | 490.4 | 530.5 | 365.4 | 212.8 | 222.3 | 89.9 | 28.4 |
| Total Liabilities | 2,726.8 | 2,786.3 | 2,591.3 | 2,435.2 | 1,553.3 | 1,254.8 | 1,200.9 | 987.2 | 693.6 | 672.2 | 332.1 | 196.8 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 1,385.6 | 1,128.0 | 961.0 | 847.7 | 727.4 | 624.7 | 531.3 | 461.1 | 396.0 | 335.2 | 43.0 | 20.5 |
| Accumulated Other Comprehensive Income | (1.5) | (4.2) | (0.8) | (2.6) | 0.7 | 1.0 | 0.1 | (0.9) | (303.1) | (268.4) | 0.3 | 0 |
| Total Stockholders' Equity | 1,681 | 1,409.5 | 1,236.1 | 1,108.8 | 990.1 | 714.8 | 628.5 | 604.2 | 556.5 | 497.4 | 144.0 | 55.4 |
| Total Liabilities & Equity | 4,407.8 | 4,195.9 | 3,827.4 | 3,544.0 | 2,543.3 | 1,969.6 | 1,830.5 | 1,594.1 | 1,255.7 | 1,170.8 | 476.0 | 252.2 |
| Debt Metrics | ||||||||||||
| Total Debt | 1,276.5 | 1,190.2 | 1,318.1 | 1,346.8 | 821.1 | 527.5 | 596.6 | 368.2 | 259.1 | 261.8 | 99.1 | 34.8 |
| Net Debt | 735.2 | 734.4 | 1,100.4 | 1,098.1 | 620.6 | 200.8 | 476.3 | 217.1 | 88.8 | 126.0 | 9.1 | (38.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 274.9 | 180.9 | 126.1 | 133.0 | 115.7 | 105.0 | 84.1 | 87.6 | 76.8 | 27.7 |
| Depreciation & Amortization | 91.9 | 95.5 | 107.0 | 99.2 | 105.6 | 82.5 | 85.4 | 79.2 | 66.3 | 68.0 |
| Stock-Based Compensation | 20.6 | 15.1 | 11.8 | 7.4 | 10.5 | 2.3 | 1.6 | 1.3 | 1.1 | 1.6 |
| Change in Working Capital | 102.5 | 255.9 | (0.1) | (79.0) | (132.6) | 127.1 | (44.1) | (38) | 54.2 | (32.8) |
| Other Non-Cash Items | (26.8) | (39.1) | (46.3) | (92.0) | (19.4) | (4.9) | (8.0) | (20.4) | (13.3) | (2.0) |
| Operating Cash Flow | 470.4 | 508.3 | 198.6 | 83.3 | 79.7 | 311.9 | 118.9 | 126.8 | 188.9 | 62.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (129.9) | (126.6) | (103.0) | (94.7) | (133.8) | (64.4) | (94.5) | (110.2) | (79.8) | (58.0) |
| Acquisitions | 0 | 99.3 | 9.3 | (387.2) | (607.0) | 21.9 | 0 | (110.6) | (66.2) | (11.0) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (13.6) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.4 | 0 |
| Other Investing Activities | 36 | 0 | 63.7 | 0 | 49.5 | 0 | 28.6 | 11.7 | 8.7 | 9.6 |
| Investing Cash Flow | (93.9) | (27.2) | (30.0) | (481.9) | (691.3) | (42.5) | (65.9) | (209.2) | (131.4) | (59.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (329.3) | (224.5) | (187.0) | 476.1 | 347.9 | (35.0) | (17.1) | 110.2 | (6.8) | (13.5) |
| Stock Repurchased | (11.8) | 0 | 0 | (6.0) | (14.7) | (11.5) | (50) | (20) | (5.0) | (5.0) |
| Dividends Paid | (17.3) | (12.9) | (12.8) | (12.8) | (12.6) | (11.6) | (12.2) | (12.3) | (11.3) | (11.4) |
| Other Financing Activities | 62.1 | (7.0) | (6.2) | (5.9) | (13.6) | (5.3) | (5.8) | (15.5) | 0.2 | 1.4 |
| Financing Cash Flow | (296.3) | (244.4) | (205.3) | 452.0 | 485.7 | (62.8) | (83.3) | 63.9 | (22.9) | (28.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 79.9 | 237.9 | (35.4) | 53.3 | (125.3) | 206.5 | (29.8) | (19.3) | 34.6 | (25.3) |
| Cash at Beginning | 461.4 | 223.5 | 259.0 | 205.6 | 331.0 | 120.3 | 153.3 | 170.4 | 135.8 | 161.1 |
| Cash at End | 541.3 | 461.4 | 223.5 | 259.0 | 205.6 | 326.7 | 123.4 | 151.1 | 170.4 | 135.8 |
| Free Cash Flow | 340.5 | 381.8 | 95.5 | (11.3) | (54.1) | 247.6 | 24.5 | 16.6 | 109.2 | 4.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 7,574.9 | 6,366.8 | 5,715.3 | 4,420.6 | 3,497.6 | 3,491.5 | 3,106.3 | 2,939.5 | 2,380.0 | 1,996.9 | 1,929.4 | 2,086.2 | 1,944.2 | 1,541.7 | 1,460.2 | 941.8 | 467.0 | 609.1 | 0 |
| Gross Profit | 813.1 | 703.2 | 587.5 | 456.9 | 416.7 | 370.2 | 330.9 | 325.7 | 278.4 | 201.3 | 219.9 | 236.0 | 256.0 | 192.7 | 185.2 | 122.8 | 75.6 | 70.4 | 0 |
| Operating Income | 413.9 | 317.5 | 253.1 | 195.3 | 170.2 | 163.9 | 140.9 | 130.5 | 106.3 | 57.7 | 67.8 | 103.8 | 125.2 | 96.3 | 99.0 | 57.8 | 40.4 | 34.9 | (0.2) |
| Net Income | 274.9 | 180.9 | 126.1 | 133.0 | 115.7 | 105.0 | 82.3 | 77.5 | 72.4 | 26.7 | 36.9 | 63.2 | 69.7 | 56.8 | 58.6 | 33.6 | 25.9 | 36.4 | 0.4 |
| EPS (Diluted) | 5.02 | 3.31 | 2.33 | 2.47 | 2.17 | 2.16 | 1.61 | 1.50 | 1.40 | 0.51 | 0.71 | 1.22 | 1.35 | 1.10 | 1.14 | 0.72 | 0.75 | 1.29 | 0.07 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 541.3 | 455.8 | 217.8 | 248.7 | 200.5 | 326.7 | 120.3 | 151.1 | 170.4 | 135.8 | 90.0 | 73.0 | |||||||
| Total Assets | 4,407.8 | 4,195.9 | 3,827.4 | 3,544.0 | 2,543.3 | 1,969.6 | 1,830.5 | 1,594.1 | 1,255.7 | 1,170.8 | 476.0 | 252.2 | |||||||
| Total Debt | 1,276.5 | 1,190.2 | 1,318.1 | 1,346.8 | 821.1 | 527.5 | 596.6 | 368.2 | 259.1 | 261.8 | 99.1 | 34.8 | |||||||
| Stockholders' Equity | 1,681 | 1,409.5 | 1,236.1 | 1,108.8 | 990.1 | 714.8 | 628.5 | 604.2 | 556.5 | 497.4 | 144.0 | 55.4 | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 470.4 | 508.3 | 198.6 | 83.3 | 79.7 | 311.9 | 118.9 | 126.8 | 188.9 | 62.6 | |||||||||
| Capital Expenditure | (129.9) | (126.6) | (103.0) | (94.7) | (133.8) | (64.4) | (94.5) | (110.2) | (79.8) | (58.0) | |||||||||
| Free Cash Flow | 340.5 | 381.8 | 95.5 | (11.3) | (54.1) | 247.6 | 24.5 | 16.6 | 109.2 | 4.5 | |||||||||