Primoris Services CorpPRIMEarnings & Financial Report
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
Revenue
$1.4B
Gross Profit
$133.4M
Operating Profit
$44.2M
Net Profit
$18.9M
Gross Margin
9.4%
Operating Margin
3.1%
Net Margin
1.3%
YoY Growth
12.4%
EPS
$0.35
Primoris Services Corp Q1 FY2024 Financial Summary
Primoris Services Corp reported revenue of $1.4B (up 12.4% YoY) for Q1 FY2024, with a net profit of $18.9M (up 1346.0% YoY) (1.3% margin). Cost of goods sold was $1.3B, operating expenses totaled $89.1M.
Key Financial Metrics
| Total Revenue | $1.4B |
|---|---|
| Net Profit | $18.9M |
| Gross Margin | 9.4% |
| Operating Margin | 3.1% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Primoris Services Corp Q1 FY2024 revenue of $1.4B breaks down across 3 segments, led by Energy Segment at $989.0M (70.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Energy Segment | $989.0M | 70.0% |
| Unit Price Contracts | $299.8M | 21.2% |
| Non Master Service Agreement Customers | $107.2M | 7.6% |
Primoris Services Corp Revenue by Segment — Quarterly Trend
Primoris Services Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Energy Segment and Unit Price Contracts) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Energy Segment | $1.2B | $1.5B | $1.2B | $1.1B |
| Unit Price Contracts | $473.7M | — | $443.8M | $344.4M |
| Non Master Service Agreement Customers | — | — | $153.6M | — |
Primoris Services Corp Annual Revenue by Year
Primoris Services Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $7.6B |
| 2024 | $6.4B |
| 2023 | $5.7B |
| 2022 | $4.4B |
Primoris Services Corp Quarterly Revenue & Net Profit History
Primoris Services Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.9B | +6.7% | $51.7M | 2.8% |
| Q3 FY2025 | $2.2B | +32.1% | $94.6M | 4.3% |
| Q2 FY2025 | $1.9B | +20.9% | $84.3M | 4.5% |
| Q1 FY2025 | $1.6B | +16.7% | $44.2M | 2.7% |
| Q4 FY2024 | $1.7B | +14.9% | $54.0M | 3.1% |
| Q3 FY2024 | $1.6B | +7.8% | $58.4M | 3.5% |
| Q2 FY2024 | $1.6B | +10.6% | $49.5M | 3.2% |
| Q1 FY2024 | $1.4B | +12.4% | $18.9M | 1.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.56B | $1.65B | $1.74B | $1.65B | $1.89B | $2.18B | $1.86B |
| YoY Growth | 12.4% | 10.6% | 7.8% | 14.9% | 16.7% | 20.9% | 32.1% | 6.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.95B | $4.05B | $4.24B | $4.20B | $4.22B | $4.54B | $4.65B | $4.41B |
| Liabilities | $2.71B | $2.75B | $2.88B | $2.79B | $2.77B | $3.00B | $3.02B | $2.73B |
| Equity | $1.25B | $1.30B | $1.36B | $1.41B | $1.45B | $1.53B | $1.63B | $1.68B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-28.5M | $16.1M | $222.5M | $298.3M | $66.2M | $78.5M | $182.9M | $142.9M |