Primoris Services Corporation (PRIM) Financial Ratios
19 years of historical data (2007–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
12.31
↑+25% vs avg
5yr avg: 9.89
30Y Low2.6·High14.9
P/FCF
↑
16.13
-3% vs avg
5yr avg: 16.58
30Y Low2.6·High68.8
P/B Ratio
↑
3.30
↑+53% vs avg
5yr avg: 2.16
30Y Low0.7·High4.0
ROE
↑
17.8%
↓+30% vs avg
5yr avg: 13.7%
30Y Low1%·High83%
Debt/EBITDA
↓
2.52
↓-24% vs avg
5yr avg: 3.32
30Y Low0.8·High4.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PRIM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Primoris Services Corporation trades at 20.2x earnings, 23% above its 5-year average of 16.4x, sitting at the 68th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 16.1x P/FCF, roughly in line with the 5-year average of 16.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.5B | $6.8B | $4.2B | $1.8B | $1.2B | $1.3B | $1.3B | $1.1B | $988M | $1.4B | $1.2B |
| Enterprise Value | $6.2B | $7.5B | $4.9B | $2.9B | $2.3B | $1.9B | $1.5B | $1.6B | $1.2B | $1.5B | $1.3B |
| P/E Ratio → | 20.18 | 24.73 | 23.08 | 14.25 | 8.88 | 11.05 | 12.78 | 13.81 | 12.75 | 19.42 | 44.67 |
| P/S Ratio | 0.73 | 0.90 | 0.65 | 0.32 | 0.27 | 0.36 | 0.38 | 0.37 | 0.34 | 0.59 | 0.59 |
| P/B Ratio | 3.30 | 4.05 | 2.96 | 1.46 | 1.06 | 1.29 | 1.88 | 1.80 | 1.63 | 2.50 | 2.38 |
| P/FCF | 16.13 | 19.98 | 10.92 | 18.85 | — | — | 5.42 | 46.46 | 59.45 | 12.89 | 260.29 |
| P/OCF | 11.68 | 14.46 | 8.20 | 9.07 | 14.15 | 15.99 | 4.30 | 9.55 | 7.79 | 7.45 | 18.93 |
P/E links to full P/E history page with 30-year chart
PRIM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Primoris Services Corporation's enterprise value stands at 12.3x EBITDA, 25% above its 5-year average of 9.9x. The Industrials sector median is 13.9x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.00 | 0.77 | 0.51 | 0.52 | 0.54 | 0.44 | 0.52 | 0.41 | 0.63 | 0.66 |
| EV / EBITDA | 12.31 | 14.90 | 11.87 | 8.06 | 7.73 | 6.87 | 6.26 | 7.13 | 5.75 | 8.67 | 10.42 |
| EV / EBIT | 15.05 | 18.27 | 15.31 | 11.34 | 11.47 | 11.13 | 9.32 | 11.76 | 9.13 | 13.19 | 22.67 |
| EV / FCF | — | 22.14 | 12.85 | 30.36 | — | — | 6.23 | 65.94 | 72.51 | 13.70 | 287.97 |
PRIM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Primoris Services Corporation earns an operating margin of 5.5%, roughly in line with the Industrials sector average. Operating margins have expanded from 4.4% to 5.5% over the past 3 years, signaling improving operational efficiency. ROE of 17.8% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 13.6% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.7% | 10.7% | 11.0% | 10.3% | 10.3% | 11.9% | 10.6% | 10.7% | 11.1% | 11.7% | 10.1% |
| Operating Margin | 5.5% | 5.5% | 5.0% | 4.4% | 4.4% | 4.9% | 4.7% | 4.5% | 4.4% | 4.5% | 2.9% |
| Net Profit Margin | 3.6% | 3.6% | 2.8% | 2.2% | 3.0% | 3.3% | 3.0% | 2.7% | 2.6% | 3.0% | 1.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.8% | 17.8% | 13.7% | 10.8% | 12.7% | 13.6% | 15.6% | 13.3% | 13.3% | 13.6% | 5.4% |
| ROA | 6.4% | 6.4% | 4.5% | 3.4% | 4.4% | 5.1% | 5.5% | 4.8% | 5.4% | 6.0% | 2.3% |
| ROIC | 13.6% | 13.6% | 10.6% | 8.4% | 7.7% | 10.1% | 12.2% | 10.9% | 13.3% | 12.5% | 7.1% |
| ROCE | 16.3% | 16.3% | 12.7% | 10.3% | 9.3% | 11.4% | 13.9% | 13.2% | 14.9% | 14.2% | 8.0% |
PRIM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Primoris Services Corporation carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (22% below the sector average of 3.2x). Net debt stands at $735M ($1.3B total debt minus $541M cash). Interest coverage of 14.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.76 | 0.76 | 0.84 | 1.07 | 1.21 | 0.83 | 0.74 | 0.95 | 0.61 | 0.46 | 0.53 |
| Debt / EBITDA | 2.52 | 2.52 | 2.88 | 3.66 | 4.57 | 2.98 | 2.14 | 2.64 | 1.76 | 1.50 | 2.08 |
| Net Debt / Equity | — | 0.44 | 0.52 | 0.89 | 0.99 | 0.63 | 0.28 | 0.76 | 0.36 | 0.16 | 0.25 |
| Net Debt / EBITDA | 1.45 | 1.45 | 1.78 | 3.06 | 3.73 | 2.25 | 0.81 | 2.10 | 1.04 | 0.51 | 1.00 |
| Debt / FCF | — | 2.16 | 1.92 | 11.52 | — | — | 0.81 | 19.48 | 13.06 | 0.81 | 27.68 |
| Interest Coverage | 14.38 | 14.38 | 4.90 | 3.27 | 5.06 | 9.21 | 11.75 | 7.16 | 7.05 | 13.92 | 6.48 |
PRIM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.26x means Primoris Services Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.41x to 1.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.26 | 1.26 | 1.29 | 1.41 | 1.50 | 1.56 | 1.46 | 1.36 | 1.49 | 1.55 | 1.63 |
| Quick Ratio | 1.23 | 1.23 | 1.26 | 1.41 | 1.48 | 1.54 | 1.46 | 1.36 | 1.49 | 1.46 | 1.52 |
| Cash Ratio | 0.29 | 0.29 | 0.27 | 0.16 | 0.22 | 0.26 | 0.43 | 0.18 | 0.24 | 0.35 | 0.30 |
| Asset Turnover | — | 1.72 | 1.52 | 1.49 | 1.25 | 1.38 | 1.77 | 1.70 | 1.84 | 1.90 | 1.71 |
| Inventory Turnover | 120.75 | 120.75 | 115.44 | — | 183.81 | 206.75 | — | — | — | 51.36 | 36.50 |
| Days Sales Outstanding | — | 77.30 | 92.19 | 97.81 | 54.75 | 91.88 | 79.27 | 88.09 | 88.31 | 79.48 | 96.25 |
PRIM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Primoris Services Corporation returns 0.5% to shareholders annually — split between a 0.3% dividend yield and 0.2% buyback yield. The payout ratio of 6.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 0.3% | 0.7% | 1.1% | 1.0% | 0.9% | 1.1% | 1.2% | 0.8% | 1.0% |
| Payout Ratio | 6.3% | 6.3% | 7.1% | 10.1% | 9.6% | 10.9% | 11.0% | 14.8% | 15.9% | 15.7% | 42.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 4.0% | 4.3% | 7.0% | 11.3% | 9.0% | 7.8% | 7.2% | 7.8% | 5.1% | 2.2% |
| FCF Yield | 6.2% | 5.0% | 9.2% | 5.3% | — | — | 18.4% | 2.2% | 1.7% | 7.8% | 0.4% |
| Buyback Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.5% | 1.2% | 0.9% | 4.4% | 2.0% | 0.4% | 0.4% |
| Total Shareholder Yield | 0.5% | 0.4% | 0.3% | 0.7% | 1.6% | 2.1% | 1.7% | 5.5% | 3.3% | 1.2% | 1.4% |
| Shares Outstanding | — | $55M | $55M | $54M | $54M | $53M | $49M | $51M | $52M | $52M | $52M |
Peer Comparison
Compare PRIM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PRIMYou | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 PWR | $105B | 103.3 | 42.8 | 65.0 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 ROAD | $7B | 66.7 | 21.8 | 45.2 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 STRL | $26B | 91.9 | 53.7 | 72.9 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 GLDD | $1B | 15.7 | 9.3 | 11.4 | 22.9% | 14.1% | 15.2% | 9.7% | 2.7 |
 EME | $37B | 29.7 | 20.1 | 31.3 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 MTZ | $30B | 74.9 | 29.9 | 104.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 DY | $14B | 47.8 | 16.6 | 34.1 | 20.6% | 12.5% | 18.2% | 16.4% | 3.1 |
 IESC | $14B | 47.4 | 33.0 | 64.9 | 25.5% | 11.4% | 39.7% | 37.5% | 0.4 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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PRIM — Frequently Asked Questions
Quick answers to the most common questions about buying PRIM stock.
What is Primoris Services Corporation's P/E ratio?
Primoris Services Corporation's current P/E ratio is 20.2x. The historical average is 22.1x. This places it at the 68th percentile of its historical range.
What is Primoris Services Corporation's EV/EBITDA?
Primoris Services Corporation's current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
What is Primoris Services Corporation's ROE?
Primoris Services Corporation's return on equity (ROE) is 17.8%. The historical average is 18.1%.
Is PRIM stock overvalued?
Based on historical data, Primoris Services Corporation is trading at a P/E of 20.2x. This is at the 68th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Primoris Services Corporation's dividend yield?
Primoris Services Corporation's current dividend yield is 0.31% with a payout ratio of 6.3%.
What are Primoris Services Corporation's profit margins?
Primoris Services Corporation has 10.7% gross margin and 5.5% operating margin.
How much debt does Primoris Services Corporation have?
Primoris Services Corporation's Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.