(PRIM) Primoris - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: NYSE (USA) | Market Cap: 5.788m USD | Total Return: 61.5% in 12m
Avg Turnover: 208M
EPS Trend: 97.7%
Qual. Beats: -1
Rev. Trend: 98.9%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Primoris Services Corporation (NYSE: PRIM) is a Dallas-based infrastructure services firm operating across the United States and Canada. Through its Utilities and Energy segments, the company provides engineering, procurement, construction, and maintenance services for natural gas, electric, and telecommunications networks. The business model relies heavily on master service agreements (MSAs) and long-term contracts, which provide recurring revenue streams through essential system upgrades and repairs.
The Energy segment addresses the growing demand for renewable energy and storage solutions, while the Utilities segment focuses on the modernization of aging North American power grids. Within the Construction & Engineering sub-industry, companies like Primoris benefit from federal infrastructure legislation and the ongoing transition toward decarbonized energy sources. Investors may find it beneficial to examine ValueRay for deeper insights into the companys valuation and growth metrics.
- Renewable energy backlog expansion fuels long-term revenue growth in Energy segment
- Federal infrastructure spending boosts utility and communication system maintenance demand
- Labor shortages and material inflation pressure operating margins on fixed-price contracts
- Natural gas distribution modernization projects drive recurring revenue in Utilities segment
- Shift toward grid electrification increases high-voltage transmission and storage project volume
| Net Income: 248.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -6.68 > 1.0 |
| NWC/Revenue: 6.29% < 20% (prev 5.92%; Δ 0.37% < -1%) |
| CFO/TA 0.07 > 3% & CFO 281.6m > Net Income 248.1m |
| Net Debt (1.04b) to EBITDA (465.9m): 2.23 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.8m) vs 12m ago 0.17% < -2% |
| Gross Margin: 10.38% > 18% (prev 0.11%; Δ 1.03k% > 0.5%) |
| Asset Turnover: 177.6% > 50% (prev 156.5%; Δ 21.05% > 0%) |
| Interest Coverage Ratio: 14.57 > 6 (EBITDA TTM 465.9m / Interest Expense TTM 25.5m) |
| A: 0.11 (Total Current Assets 2.14b - Total Current Liabilities 1.67b) / Total Assets 4.21b |
| B: 0.33 (Retained Earnings 1.40b / Total Assets 4.21b) |
| C: 0.09 (EBIT TTM 371.6m / Avg Total Assets 4.22b) |
| D: 0.55 (Book Value of Equity 1.40b / Total Liabilities 2.53b) |
| Altman-Z'' = 2.99 = A |
| DSRI: 0.90 (Receivables 1.67b/1.64b, Revenue 7.49b/6.60b) |
| GMI: 1.08 (GM 10.38% / 11.22%) |
| AQI: 0.97 (AQ_t 0.25 / AQ_t-1 0.26) |
| SGI: 1.13 (Revenue 7.49b / 6.60b) |
| TATA: -0.01 (NI 248.1m - CFO 281.6m) / TA 4.21b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 117.55 with a total of 2,333,482 shares traded.
Over the past week, the price has changed by +3.72%,
over one month by -31.50%,
over three months by -22.58% and
over the past year by +61.51%.
Primoris has received a consensus analysts rating of 4.55. Therefore, it is recommended to buy PRIM.
- StrongBuy: 7
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 146.1 | 24.3% |
P/E Trailing = 23.5519
P/E Forward = 21.9298
P/S = 0.7732
P/B = 3.4373
P/EG = 1.2169
Revenue TTM = 7.49b USD
EBIT TTM = 371.6m USD
EBITDA TTM = 465.9m USD
Long Term Debt = 396.3m USD (from longTermDebt, last quarter)
Short Term Debt = 218.5m USD (from shortTermDebt, last quarter)
Debt = 1.40b USD (from shortLongTermDebtTotal, last quarter) + Leases 474.5m
Net Debt = 1.04b USD (calculated: Debt 1.40b - CCE 361.5m)
Enterprise Value = 6.83b USD (5.79b + Debt 1.40b - CCE 361.5m)
Interest Coverage Ratio = 14.57 (Ebit TTM 371.6m / Interest Expense TTM 25.5m)
EV/FCF = 41.51x (Enterprise Value 6.83b / FCF TTM 164.5m)
FCF Yield = 2.41% (FCF TTM 164.5m / Enterprise Value 6.83b)
FCF Margin = 2.20% (FCF TTM 164.5m / Revenue TTM 7.49b)
Net Margin = 3.31% (Net Income TTM 248.1m / Revenue TTM 7.49b)
Gross Margin = 10.38% ((Revenue TTM 7.49b - Cost of Revenue TTM 6.71b) / Revenue TTM)
Gross Margin QoQ = 8.64% (prev 9.42%)
Tobins Q-Ratio = 1.62 (Enterprise Value 6.83b / Total Assets 4.21b)
Interest Expense / Debt = 1.82% (Interest Expense 25.5m / Debt 1.40b)
Taxrate = 12.56% (2.50m / 19.9m)
NOPAT = 324.9m (EBIT 371.6m * (1 - 12.56%))
Current Ratio = 1.28 (Total Current Assets 2.14b / Total Current Liabilities 1.67b)
Debt / Equity = 0.83 (Debt 1.40b / totalStockholderEquity, last quarter 1.68b)
Debt / EBITDA = 2.23 (Net Debt 1.04b / EBITDA 465.9m)
Debt / FCF = 6.33 (Net Debt 1.04b / FCF TTM 164.5m)
Total Stockholder Equity = 1.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.89% (Net Income 248.1m / Total Assets 4.21b)
RoE = 15.21% (Net Income TTM 248.1m / Total Stockholder Equity 1.63b)
RoCE = 18.32% (EBIT 371.6m / Capital Employed (Equity 1.63b + L.T.Debt 396.3m))
RoIC = 12.52% (NOPAT 324.9m / Invested Capital 2.59b)
WACC = 8.28% (E(5.79b)/V(7.19b) * Re(9.90%) + D(1.40b)/V(7.19b) * Rd(1.82%) * (1-Tc(0.13)))
Discount Rate = 9.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.91 | Cagr: 0.34%
[DCF] Terminal Value 73.10% ; FCFF base≈277.2m ; Y1≈243.1m ; Y5≈196.4m
[DCF] Fair Price = 38.92 (EV 3.15b - Net Debt 1.04b = Equity 2.11b / Shares 54.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 97.73 | EPS CAGR: 44.50% | SUE: -1.26 | # QB: -1
Revenue Correlation: 98.87 | Revenue CAGR: 14.49% | SUE: -1.59 | # QB: -1
EPS current Quarter (2026-06-30): EPS=1.07 | Chg30d=-32.10% | Revisions=-67% | Analysts=12
EPS next Quarter (2026-09-30): EPS=1.68 | Chg30d=-15.14% | Revisions=-67% | Analysts=12
EPS current Year (2026-12-31): EPS=4.79 | Chg30d=-19.20% | Revisions=-67% | GrowthEPS=-14.8% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=5.93 | Chg30d=-12.09% | Revisions=-67% | GrowthEPS=+23.8% | GrowthRev=+12.1%
[Analyst] Revisions Ratio: -67%