Primoris Services Corporation (PRIM) AI Stock Analysis

Primoris Services Corporation delivers construction, fabrication, maintenance, replacement, and engineering solutions across the United States and Canada. The company operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. Its Utilities segment installs and maintains natural gas distribution systems, electric transmission and distribution infrastructure, and communications networks. The Energy/Renewables segment provides engineering, procurement, and construction services, retrofitting, highway and bridge construction, demolition, site preparation, and ongoing maintenance for renewable energy and storage facilities. The Pipeline Services segment focuses on pipeline construction, maintenance, facility operations, integrity services, and compressor, pump, and metering station installations for petroleum, petrochemical, and municipal utilities.

Primoris increased revenue from $3.50B in FY2021 to $7.57B in FY2025, achieving a 5-year revenue CAGR of 16.8%. Net income rose from $115.7M in FY2021 to $274.9M in FY2025, with diluted EPS expanding from $2.22 to $5.62. Gross margin stood at 10.7% in FY2025, while operating margin reached 5.5%. However, recent results showed contraction, with TTM revenue at $7.28B and an operating margin of -1.6%. For the latest quarter ended June 30, 2026, quarterly revenue fell 10.7% year-over-year and quarterly earnings dropped 60.5%.

As of June 30, 2026, Primoris held $218.2M in cash and short-term investments alongside total debt of $1.11B, resulting in net debt of $893.3M. Total assets were $4.64B against shareholders' equity of $1.61B, reflecting a debt-to-equity ratio of 0.69 and a current ratio of 1.18. In FY2025, operating cash flow reached $470.4M and free cash flow stood at $340.5M. Capital expenditures used $129.9M, while share buybacks totaled $11.8M and dividend payments were $17.3M.

Primoris trades at a trailing P/E of 28.6x, compared to the median of 24.8x for its US-listed Industrials peers. Its forward P/E of 13.1x sits below the peer median of 17.2x, while EV/EBITDA is 15.9x versus the peer median of 13.9x. The company's price-to-sales ratio is 0.5x, below the peer median of 1.5x. Over the past year, the stock declined 47.1%, trailing the S&P 500 (SPY) return of 16.8%, though its 5-year return of 181.5% outpaced the benchmark return of 83.0%.

Primoris pays an annualized forward dividend of $0.32 per share, representing a dividend yield of 0.44% and a payout ratio of 9.8%. Dividends are distributed on a quarterly frequency and have been paid for 19 consecutive years. The 5-year annualized dividend growth rate is 5.9%, and the most recent ex-dividend date was September 30, 2026.

Wall Street coverage includes 8 Strong Buy, 3 Buy, and 5 Hold recommendations, with zero Sell ratings. The mean price target is $116.93, indicating 59.7% upside relative to the last close of $73.21. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $2.14, a 62.0% decline, on revenue of $7.25B. For the next fiscal year, 14 analysts expect EPS of $5.19 on revenue of $8.08B. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of Primoris Services Corporation (PRIM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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