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PRIMPrimoris Services Corporation
$65.40$3.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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PRIM logo

Primoris Services Corporation

PRIM
NASDAQ · Engineering & Construction
$65.40
At close - USD
Market Cap$3.55B
P/E13.0x
52W High$205.50
Volume2.65M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Renewables Overruns Trigger Negative Margin Inflection

Primoris Services Corporation is navigating a sharp profitability inflection, with 2026Q2 gross margin collapsing to 4.9% from 12.3% a year earlier and operating income swinging to a -$26.8M loss, driven by severe cost overruns in renewables projects.

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PRIM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-46% Peers

P/E is 46% below peer median

03

Market leadership

RS 20 · Lag

Laggard (Underperforming 80% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 3
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth decelerated sharply to -10.7% YoY in 2026Q2, while gross margin halved to 4.9% from 12.3% a year earlier, driving operating income to a -$26.8M loss and EPS to -$0.45.

Analyst Consensus+78.6% target
Buy(26 analysts)
18 Buy8 Hold0 Sell

The Bull Case

Upside Catalysts

Strong financial performance

Primoris reported positive financial results for Q1 2026, highlighting operational performance and a promising outlook for the year.

Leadership confidence

The CEO's open-market purchase of shares demonstrates strong insider confidence in the company's future prospects.

Critical infrastructure focus

Primoris is a leading provider of specialty contracting and critical infrastructure services, positioning it well in utility, energy/renewables, and pipeline markets.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PRIM-49.74%
S&P 500 (^GSPC)+7.63%
1-Year Return
PRIM-48.08%
S&P 500 (^GSPC)+9.69%
3-Year Return
PRIM+118.46%
S&P 500 (^GSPC)+86.03%
5-Year Return
PRIM+131.81%
S&P 500 (^GSPC)+72.80%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
36.7x
Forward P/EExpansion
30.3x
EV/EBITDA100th %ile
14.9x
FCF YieldCash Flow
1.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
36.7x
14.3x
100th· High
EV/EBITDA
14.9x
8.1x
100th· High
Price/FCF
94.3x
18.8x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$18.06-72.4%
Base (Fair)$44.65-31.7%
Bull$55.74-14.8%
$18.06 Bear$44.65 Base$55.74 Bull
Current Market Price: $65.40
Trades at a 46.5% premium to Base DCF ($44.65)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$7.57B+19.0% YoY
Net income FY25
$275M+52.0% YoY
Free cash flow FY25
$341M-10.8% YoY
Operating margin FY25
5.5%+0.5 pts YoY
ROIC (FY25)13.6%
Avg ROIC 5Y-
ROE (FY25)17.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$1.20+48.3%
vs $0.81
$2.0B-2.5%
vs $2.0B
Q3 2026
Aug 4, 2026
-$0.27+23.8%
vs -$0.35
$1.7B-2.6%
vs $1.7B
Q2 2026
May 5, 2026
$0.59-30.6%
vs $0.85
$1.6B-9.8%
vs $1.7B
Q1 2026
Feb 23, 2026
$1.08+13.7%
vs $0.95
$1.9B+2.3%
vs $1.8B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·3d ago
Primoris Services Corporation (PRIM) Q3 2026 Earnings Call Transcript

Primoris Services Corporation ( PRIM ) Q3 2026 Earnings Call November 4, 2026 10:00 AM EST Company Participants Blake Holcomb - Senior Vice President of Investor Relations Koti Vadlamudi - CEO, President &Director Ken Dodgen - Executive VP & CFO Conference Call Participants Steven Fisher - UBS Investment Bank, Research Division Sangita Jain - KeyBanc Capital Markets Inc., Research Division Lee Jagoda - CJS Securities, Inc. Philip Shen - ROTH Capital Partners, LLC, Research Division Dimple Gosai - Piper Sandler & Co., Research Division Brian Russo - Jefferies LLC, Research Division Chris Tsung Jerry Revich - Wells Fargo Securities, LLC, Research Division Manish Somaiya - Cantor Fitzgerald & Co., Research Division Jean Veliz Adam Thalhimer - Thompson, Davis & Company, Inc., Research Division Adam Bubes - Goldman Sachs Group, Inc., Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the Primoris Third Quarter 2026 Earnings Conference Call.

Zacks Investment Research·3d ago
Primoris Services (PRIM) Q3 Earnings Surpass Estimates

Primoris Services (PRIM) came out with quarterly earnings of $1.2 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.88 per share a year ago.

Zacks Investment Research·4d ago
Primoris Services (PRIM) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Primoris Services (PRIM) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Business Wire·4d ago
Primoris Services Corporation Reports Third Quarter 2026 Results

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2026, and provided comments on the Company's operational performance and outlook for the remainder of 2026. For the third quarter of 2026, Primoris reported the following highlights (1): Revenue of $2.0 billion, down $0.2 billion, or 10.4%, compared to the third quarter of 2025; Net income of $51.3 million, or $0.95 per dil.

Filtered for Primoris Services CorporationMore Headlines
04

Compare before deciding

Benchmark PRIM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Primoris Services Corporation (PRIM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PRIM logoPRIMPrimoris Services CorporationCurrent
$65.40$3.55B13.0318.97%3.63%17.79%0.48%
PWR logoPWRQuanta Services, Inc.
$540.90$81.17B79.5419.76%4.54%17.58%0.07%
MYRG logoMYRGMYR Group Inc.
$262.91$4.09B34.928.79%4.48%26.32%—
WLDN logoWLDNWilldan Group, Inc.
$66.22$1B18.9720.46%8.8%20.92%—
ROAD logoROADConstruction Partners, Inc.
$77.10$4.36B41.9054.2%4.1%14.61%—
STRL logoSTRLSterling Infrastructure, Inc.
$252.82$7.76B26.9517.69%12.85%42.26%—

Compare PRIM vs Peers

Primoris Services Corporation (PRIM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PWR

Most directly comparable listed peer for PRIM.

Scale Benchmark

vs NEE

Larger-name benchmark to compare PRIM against a more recognizable public peer.

Peer Set

Compare Top 5

vs PWR, MYRG, WLDN, ROAD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PRIM SEC Filings & Documents

Primoris Services Corporation (PRIM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 22, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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PRIM Frequently Asked Questions

Primoris Services Corporation (PRIM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Primoris Services Corporation's revenue?

Primoris Services Corporation (PRIM) reported $7.28B in revenue over the trailing twelve months. Revenue was $7.57B in fiscal year 2025.

How fast is Primoris Services Corporation growing?

Primoris Services Corporation (PRIM) grew revenue by 19.0% in fiscal year 2025, compared with the prior fiscal year.

Is PRIM profitable?

Yes. Primoris Services Corporation (PRIM) earned $139.6M in net income over the trailing twelve months (a 1.9% net margin).

Dividend & Returns
Does PRIM pay dividends?

Yes. Primoris Services Corporation (PRIM) pays a dividend that yields 0.48% at the current price, a small yield.

What is PRIM's return on equity?

Primoris Services Corporation (PRIM) had a return on equity (ROE) of 17.8% in fiscal year 2025. That is above the market's typical 10-15%.

What is Primoris Services Corporation's free cash flow?

Primoris Services Corporation (PRIM) generated $88.0M in free cash flow over the trailing twelve months.

What if you invested $1,000 in PRIM back in 2007?

Total return calculator · dividends reinvested · 19+ years of data

See returns →