Primoris Services Corp income statement
In fiscal 2025, Primoris Services Corp reported revenue of $7.57bn, up 19.0% on the year before, operating income of $412m (a 5.4% margin) and net income of $275m, or $5.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,997 | 2,380 | 2,939 | 3,106 | 3,491 | 3,498 | 4,421 | 5,715 | 6,367 | 7,575 | 7,284 |
| Cost of revenue | — | 2,102 | 2,614 | 2,775 | 3,121 | 3,081 | 3,964 | 5,128 | 5,664 | 6,762 | 6,656 |
| Gross profit | 201 | 278 | 326 | 331 | 370 | 417 | 457 | 588 | 703 | 813 | 628 |
| Selling, general and administrative | 140 | 170 | 182 | 189 | 203 | 230 | 282 | 329 | 383 | 399 | 407 |
| Operating income | 58 | 106 | 130 | 141 | 164 | 170 | 195 | 253 | 317 | 412 | 212 |
| Interest expense | 9 | 8 | 19 | 20 | 20 | — | — | — | — | — | — |
| Income before tax | 49 | 105 | 113 | 118 | 146 | 152 | 159 | 178 | 255 | 384 | 186 |
| Income tax | 21 | 28 | 26 | 34 | 41 | 36 | 26 | 52 | 74 | 109 | 47 |
| Net income | 27 | 72 | 77 | 82 | 105 | 116 | 133 | 126 | 181 | 275 | 140 |
| Diluted EPS | $0.51 | $1.40 | $1.50 | $1.61 | $2.16 | $2.17 | $2.47 | $2.33 | $3.31 | $5.02 | $2.56 |
| Diluted shares (average) | 52m | 52m | 52m | 51m | 49m | 53m | 54m | 54m | 55m | 55m | 55m |
| EBITDA | 119 | 164 | 210 | 226 | 246 | 276 | 294 | 360 | 413 | 503 | 315 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,649 | 1,741 | 1,648 | 1,891 | 2,178 | 1,858 | 1,560 | 1,688 |
| Cost of revenue | 1,451 | 1,557 | 1,477 | 1,659 | 1,943 | 1,683 | 1,425 | 1,606 |
| Gross profit | 199 | 185 | 171 | 232 | 236 | 175 | 135 | 82 |
| Selling, general and administrative | 98 | 96 | 100 | 105 | 98 | 97 | 106 | 106 |
| Operating income | 100 | 88 | 70 | 127 | 137 | 77 | 24 | −27 |
| Income before tax | 82 | 76 | 62 | 119 | 131 | 72 | 20 | −37 |
| Income tax | 24 | 22 | 18 | 34 | 36 | 20 | 3 | −12 |
| Net income | 58 | 54 | 44 | 84 | 95 | 52 | 17 | −24 |
| Diluted EPS | $1.07 | $0.99 | $0.81 | $1.54 | $1.73 | $0.95 | $0.32 | −$0.45 |
| EBITDA | 122 | 110 | 92 | 149 | 161 | 102 | 48 | 4 |
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