Primoris Services (PRIM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Primoris Services

NYSE•Industrials•Engineering & Construction

$76.63-0.31(<0.01%)After hours

Market Cap

$4.17B

P/E

29.8x

P/S

0.6x

P/B

2.6x

Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The company also provides replacement services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Growth (20/25); weakest: Profitability (7/25).

Profitability7/25

Growth20/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality14/25

Strengths

Rising earningsLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 29.8x5y range 7.3x – 29.8x

Currently above its 20-quarter median.

P/S · 0.6x5y range 0.2x – 1.0x

Currently above its 20-quarter median.

P/B · 2.6x5y range 0.8x – 4.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 52.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.17B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.28B
Q. Revenue: $1.69B
TTM EBITDA: $314.49M
TTM Op. Income: $212.09M
Q. Op. Income: $-26.80M
TTM Net Income: $139.54M
Q. Net Income: $-24.20M
EPS: $-0.45
Shares Out.: $54.00M

$7.28B in TTM revenue grew 5.1% YoY, reaching $1.69B last quarter. TTM EBITDA of $314.49M and TTM operating income of $212.09M show growth is flowing through to the bottom line. TTM net income of $139.54M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 4.9%
EBITDA Margin: 0.2%
Op. Margin: -1.6%
Net Margin: -1.4%

Op. margin of -1.6% is down 8.3% YoY — costs are rising relative to revenue. Net margin at -1.4% and gross margin of 4.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 4 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 29.8x
P/S Ratio: 0.6x
P/B Ratio: 2.6x

At 29.8x P/E, the stock trades within typical market levels. P/S of 0.6x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.64B
Cash: $218.20M
Long-Term Debt: $752.00M
Book Value: $1.61B
D/E Ratio: 0.5
Debt/EBITDA: 197.9

With $4.64B in assets and $752.00M in long-term debt, D/E is 0.5and book value is $1.61B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 37% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-8.70M
TTM Free Cash Flow: $87.98M
FCF Margin: 1.2%
FCF / Net Income: 0.6

TTM FCF of $87.98M on $-8.70M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.