Company Analysis

Primoris Services Corporation (PRIM)

NYSE: PRIM · Water, Sewer, Pipeline, Comm & Power Line Construction · Dallas, TX · filing with the SEC since 2006
Grade5.9
◀ Past 6.2● Present 5.5▶ Future 5.9

The grade of Primoris Services Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.240% of the headline
● Present5.535% of the headline
▶ Future5.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.4/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-06-04.

weight 33% of this tense · 44th percentile among 8 sector filers · read for itself

From the record

Primoris Services Corporation's filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-03-24); an auditor change (8-K item 4.01, the latest 2025-06-04) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.4/10

What has it actually done, year after year?

+16% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 84th percentile among 7 sector filers · read for its customers

From the record

Primoris Services Corporation's 10 filed years say what it did: revenue went from $2.0 billion in fiscal 2016 to $7.6 billion in fiscal 2025, up 16% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span16.0%top 7% of its family
  • the share of years revenue rosetop 14% of its family
  • the share of filed years with a profittop 29% of its family
  • the deepest fall from a revenue peak0.0%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.3/10

How has it treated the people who own it?

Share count grew 0.6% a year. 4% of cash flow returned. Insiders: 11 sales, 5 purchases.

weight 22% of this tense · 43rd percentile among 7 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Primoris Services Corporation's diluted share count grew about 0.6% a year, and dividends and buybacks returned about 4% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 11 sales and 5 purchases of their own stock on the open market in the year to 2026-11-12, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 50% of its family
  • cash returned against operating cash flowbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE 16%: 16¢ of profit per shareholder dollar. Leverage 62%: owes 62¢ per asset dollar.

weight 33% of this tense · 56th percentile among 7 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Primoris Services Corporation earned about 16 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 36% of its family
  • return on equitytop 25% of its family
  • gross profit against assetstop 50% of its family
  • the share count against the year beforebottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.2/10

How strong is its position in its industry?

top 28% of 7 in its family; net margin 3.6%.

weight 45% of this tense · 72nd percentile among 7 sector filers · read for its customers

From the record

Primoris Services Corporation's standing among 7 graded names in its industry family: revenue of $7.6 billion in fiscal 2025 ranks in the top 21% by size; a net margin of 3.6% ranks in the top 42%; revenue growth of 19.7% a year over the last 3 filed years ranks in the top 21% (its annual reports).

What it rests on

  • revenue against the family$7.57Btop 21% of its family
  • net margin3.6%top 42% of its family
  • three-year revenue growth19.7%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.9/10

What are the people in charge doing?

bottom 19% of 6 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 19th percentile among 6 sector filers · read for its shareholders

From the record

Primoris Services Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Vadlamudi, Koti (PRESIDENT & CEO, as filed), filing under that title since 2025-11-20, 12 months (bottom 10% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 6.3 years (bottom 25%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 13 peoplebottom 21% of its family
  • the median years the people in charge have filed6.3 yearsbottom 25% of its family
  • the chief executive's years on the record1.0 yearsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.9/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 7 in its family for room to expand.

weight 33% of this tense · 48th percentile among 7 sector filers · read for itself

From the record

Primoris Services Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $536 million against debt of $409 million leaves 2.9% of its assets as net cash, top 36% of its family; cash from operations less capital spending is 4.5% of revenue (top 50%); a gross margin of 10.7% (bottom 30%) (its annual report).

What it rests on

  • cash less debt against assets2.9%top 36% of its family
  • cash from operations less capital spending against revenue4.5%top 50% of its family
  • gross margin10.7%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.9/10

What could actually drive growth from here?

top 21% of 7 in its family for growth drivers.

weight 33% of this tense · 79th percentile among 7 sector filers · read for its customers

From the record

Primoris Services Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 19.7% a year over the last three filed years against 16% over all 10, speeding up (top 36% of its family); the newest year grew 19% (top 7%); capital spending grew 11.1% a year (top 21%) (its annual reports). Primoris Services Corporation reported 2 lines of business in fiscal 2025: Energy at $5.0 billion, U and D at $2.7 billion. 2 of 2 grew in the latest filed year, and the largest line is 65% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+3.7 points a yeartop 36% of its family
  • the newest year's revenue growth19.0%top 7% of its family
  • three-year growth of capital spending11.1%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 6 in its family for expectations against reality.

weight 33% of this tense · 52nd percentile among 6 sector filers · read for its shareholders

From the record

Primoris Services Corporation's newest year against its own record: revenue of $7.6 billion in fiscal 2025 came in 0.9% below the $7.6 billion its prior three years' pace pointed to (bottom 21% of its family); net income of $275 million against a prior three-year average of $147 million (top 25%); a net margin of 3.6% against 2.7% before (top 42%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.9%bottom 21% of its family
  • net income against the prior three years' average+87%top 25% of its family
  • net margin against its prior average+0.9 pointstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PRIM · research, not advice