Primoris Services Corporation (PRIM) Key Metrics
PRIM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.94B
- Enterprise value
- $5.05B
- P/E (TTM)
- 28.6 10-yr median 14.0
- Forward P/E
- 13.1
- PEG ratio
- 1.22
- Price / sales
- 0.5 10-yr median 0.4
- Price / book
- 2.5 10-yr median 1.8
- EV / EBITDA
- 15.9 10-yr median 7.8
- Dividend yield
- 0.44% $0.32 a year
- Beta
- 1.44
PRIM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPRIM valuation Price multiples at each fiscal year-end price.
PRIM returns How much profit the business earns on the capital it uses.
PRIM per-share figures Results divided by the shares outstanding at year-end.
PRIM financial health Debt, liquidity and how easily interest is covered.
PRIM efficiency & capital use Working capital cycle and where the cash goes.
PRIM valuation history
PRIM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PRIM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PRIM cash returned to shareholders
PRIM price vs earnings per share
PRIM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.80B | $4.17B | $1.80B | $1.18B | $1.27B | $1.34B | $1.14B | $988.4M | $1.41B | $1.18B |
| Enterprise value | $7.54B | $4.90B | $2.90B | $2.28B | $1.90B | $1.54B | $1.61B | $1.21B | $1.50B | $1.31B |
| P/E ratio | 24.7 | 23.1 | 14.3 | 8.9 | 11.0 | 12.8 | 13.8 | 12.8 | 19.4 | 44.3 |
| Price / sales | 0.9 | 0.7 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.6 | 0.6 |
| Price / book | 4.0 | 3.0 | 1.5 | 1.1 | 1.3 | 1.9 | 1.8 | 1.6 | 2.5 | 2.4 |
| Price / free cash flow | 20.0 | 10.9 | 18.8 | — | — | 5.4 | 48.4 | 59.5 | 12.9 | 260.3 |
| Price / operating cash flow | 14.5 | 8.2 | 9.1 | 14.2 | 16.0 | 4.3 | 9.6 | 7.8 | 7.4 | 18.9 |
| EV / sales | 1.0 | 0.8 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | 0.6 | 0.7 |
| EV / EBITDA | 14.9 | 11.8 | 8.0 | 7.7 | 6.9 | 6.2 | 7.2 | 5.8 | 8.3 | 10.4 |
| EV / free cash flow | 22.1 | 12.8 | 30.4 | — | — | 6.2 | 68.7 | 72.5 | 13.7 | 288.0 |
| Earnings yield | 4.0% | 4.3% | 7.0% | 11.3% | 9.1% | 7.8% | 7.2% | 7.8% | 5.1% | 2.3% |
| Free cash flow yield | 5.0% | 9.2% | 5.3% | −1.0% | −4.2% | 18.4% | 2.1% | 1.7% | 7.8% | 0.4% |
| Dividend yield | 0.3% | 0.3% | 0.7% | 1.1% | 1.0% | 0.9% | 1.1% | 1.2% | 0.8% | 1.0% |
| Shareholder yield (dividends + buybacks) | 0.4% | 0.3% | 0.7% | 1.6% | 2.1% | 1.7% | 5.5% | 3.3% | 1.2% | 1.4% |
| Share price at fiscal year-end | $124.14 | $76.40 | $33.21 | $21.94 | $23.98 | $27.61 | $22.24 | $19.13 | $27.19 | $22.78 |
| Per share | ||||||||||
| Revenue per share | $138.23 | $116.66 | $105.40 | $82.23 | $65.79 | $71.79 | $60.81 | $56.89 | $46.00 | $38.41 |
| Earnings per share | $5.02 | $3.31 | $2.33 | $2.47 | $2.18 | $2.16 | $1.61 | $1.50 | $1.40 | $0.51 |
| Operating cash flow per share | $8.58 | $9.31 | $3.66 | $1.55 | $1.50 | $6.41 | $2.31 | $2.45 | $3.65 | $1.20 |
| Free cash flow per share | $6.21 | $6.99 | $1.76 | −$0.21 | −$1.02 | $5.09 | $0.46 | $0.32 | $2.11 | $0.09 |
| Cash per share | $9.88 | $8.35 | $4.02 | $4.63 | $3.77 | $6.72 | $2.35 | $2.92 | $3.29 | $2.61 |
| Book value per share | $30.68 | $25.83 | $22.80 | $20.63 | $18.62 | $14.70 | $12.30 | $11.69 | $10.75 | $9.57 |
| Tangible book value per share | $11.57 | $6.32 | $2.78 | −$0.23 | $4.46 | $9.02 | $6.73 | $6.13 | $6.92 | $6.49 |
| Dividends per share | $0.32 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.22 | $0.22 |
| Capex per share | $2.37 | $2.32 | $1.90 | $1.76 | $2.52 | $1.32 | $1.85 | $2.13 | $1.54 | $1.12 |
| Debt per share | $23.29 | $21.81 | $24.31 | $25.05 | $15.45 | $10.85 | $11.68 | $7.13 | $5.01 | $5.04 |
| Shares outstanding | 54.8M | 54.6M | 54.2M | 53.8M | 53.2M | 48.6M | 51.1M | 51.7M | 51.7M | 52.0M |
| Change in shares outstanding | +0.4% | +0.7% | +0.9% | +1.1% | +9.3% | −4.8% | −1.1% | −0.1% | −0.5% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.8% | 13.7% | 10.8% | 12.7% | 13.6% | 15.6% | 13.4% | 13.3% | 13.7% | 5.5% |
| Return on invested capital (ROIC) | 13.0% | 10.1% | 7.9% | 8.5% | 10.3% | 11.7% | 10.4% | 13.7% | 12.2% | 5.4% |
| Return on assets (ROA) | 6.4% | 4.5% | 3.4% | 4.4% | 5.1% | 5.5% | 4.8% | 5.4% | 6.0% | 2.3% |
| Return on tangible assets | 8.2% | 5.8% | 4.6% | 5.5% | 6.5% | 6.2% | 5.3% | 5.9% | 6.8% | 2.6% |
| Free cash flow margin | 4.5% | 6.0% | 1.7% | −0.3% | −1.5% | 7.1% | 0.8% | 0.6% | 4.6% | 0.2% |
| Income quality (OCF / net income) | 1.71 | 2.81 | 1.57 | 0.63 | 0.69 | 2.97 | 1.43 | 1.64 | 2.61 | 2.34 |
| Financial health | ||||||||||
| Total debt | $1.28B | $1.19B | $1.32B | $1.35B | $821.1M | $527.5M | $596.6M | $368.2M | $259.1M | $261.8M |
| Cash & short-term investments | $541.3M | $455.8M | $217.8M | $248.7M | $200.5M | $326.7M | $120.3M | $151.1M | $170.4M | $135.8M |
| Net debt | $735.2M | $734.4M | $1.10B | $1.10B | $620.6M | $200.8M | $476.3M | $217.1M | $88.8M | $126.0M |
| Debt / equity | 0.76 | 0.84 | 1.07 | 1.21 | 0.83 | 0.74 | 0.95 | 0.61 | 0.47 | 0.53 |
| Debt / assets | 0.29 | 0.28 | 0.34 | 0.38 | 0.32 | 0.27 | 0.33 | 0.23 | 0.21 | 0.22 |
| Net debt / EBITDA | 1.46 | 1.77 | 3.03 | 3.69 | 2.25 | 0.81 | 2.14 | 1.04 | 0.49 | 1.00 |
| Current ratio | 1.26 | 1.29 | 1.41 | 1.50 | 1.56 | 1.46 | 1.36 | 1.49 | 1.55 | 1.63 |
| Quick ratio | 1.23 | 1.26 | 1.38 | 1.48 | 1.54 | 1.89 | 1.88 | 1.49 | 1.46 | 1.52 |
| Interest coverage | 14.4 | 4.9 | 3.2 | 5.0 | 9.2 | 11.6 | 7.4 | 7.0 | 13.0 | 6.5 |
| Working capital | $485.1M | $488.8M | $550.2M | $566.3M | $423.0M | $350.9M | $242.3M | $302.6M | $262.5M | $281.4M |
| Invested capital | $2.42B | $2.14B | $2.34B | $2.21B | $1.61B | $915.5M | $1.10B | $821.3M | $645.2M | $623.3M |
| Tangible asset value | $633.9M | $344.8M | $150.9M | −$12.4M | $237.1M | $438.7M | $344.6M | $319.6M | $364.0M | $338.5M |
| Net current asset value | −$393.2M | −$626.9M | −$706.1M | −$730.8M | −$371.2M | −$139.5M | −$288.2M | −$62.7M | $49.7M | $59.2M |
| Graham number | $58.84 | $43.89 | $34.54 | $33.89 | $30.20 | $26.72 | $21.12 | $19.86 | $18.40 | $10.52 |
| Graham net-net per share | −$17.41 | −$20.15 | −$22.22 | −$31.22 | −$12.89 | −$10.74 | −$13.52 | −$5.86 | −$2.20 | −$2.25 |
| Capital allocation | ||||||||||
| Dividends paid | $17.3M | $12.9M | $12.8M | $12.8M | $12.6M | $11.6M | $12.2M | $12.3M | $11.3M | $11.4M |
| Share buybacks (net) | $11.8M | $0 | $0 | $6.0M | $14.7M | $11.5M | $50.0M | $20.0M | $5.0M | $5.0M |
| Dividend payout ratio | 6.3% | 7.1% | 10.1% | 9.6% | 10.9% | 11.0% | 14.8% | 15.9% | 15.7% | 42.6% |
| Dividends + buybacks / free cash flow | 8.5% | 3.4% | 13.4% | — | — | 9.3% | 264.9% | 194.5% | 15.0% | 360.1% |
| Capex / revenue | 1.7% | 2.0% | 1.8% | 2.1% | 3.8% | 1.8% | 3.0% | 3.7% | 3.4% | 2.9% |
| Capex / operating cash flow | 27.6% | 24.9% | 51.9% | 113.6% | 167.8% | 20.6% | 80.1% | 86.9% | 42.2% | 92.7% |
| Capex / depreciation | 1.41 | 1.32 | 0.96 | 0.95 | 1.27 | 0.78 | 1.11 | 1.39 | 1.20 | 0.85 |
| Stock-based compensation / revenue | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% |
| SG&A / revenue | 5.3% | 6.0% | 5.9% | 6.4% | 6.6% | 5.8% | 6.1% | 6.2% | 7.2% | 7.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 77.4 | 90.0 | 70.1 | 63.7 | 85.5 | 78.8 | 85.8 | 76.3 | 80.1 | 88.1 |
| Days of inventory on hand | 2.8 | 2.9 | 2.2 | 1.7 | -18.4 | -39.2 | -45.3 | — | 7.8 | 11.9 |
| Days payables outstanding | 36.9 | 40.4 | 41.4 | 37.2 | 30.8 | 28.2 | 31.9 | 27.2 | 26.8 | 29.7 |
| Cash conversion cycle (days) | 43.3 | 52.5 | 30.8 | 28.2 | 36.3 | 11.4 | 8.6 | 49.1 | 61.1 | 70.2 |
| Receivables turnover | 4.72 | 4.06 | 5.21 | 5.73 | 4.27 | 4.63 | 4.25 | 4.78 | 4.56 | 4.14 |
| Payables turnover | 9.88 | 9.04 | 8.81 | 9.81 | 11.86 | 12.95 | 11.44 | 13.40 | 13.60 | 12.28 |
| Inventory turnover | 128.72 | 127.69 | 167.53 | 217.39 | — | — | — | — | 46.64 | 30.70 |
| Asset turnover | 1.76 | 1.59 | 1.55 | 1.45 | 1.55 | 1.84 | 1.81 | 2.06 | 1.96 | 1.73 |
| Average receivables | $1.61B | $1.57B | $1.10B | $771.8M | $819.4M | $754.0M | $730.5M | $614.7M | $522.4M | $481.8M |
| Average payables | $684.3M | $626.6M | $582.0M | $404.2M | $259.7M | $240.9M | $242.6M | $195.1M | $154.5M | $146.3M |
| Average inventory | $52.5M | $44.4M | $30.6M | $18.2M | −$155.5M | −$335.3M | −$344.8M | — | $45.1M | $58.5M |
| Intangibles / total assets | 23.8% | 25.4% | 28.4% | 31.6% | 29.6% | 14.0% | 15.6% | 18.0% | 15.8% | 13.7% |
Computed from PRIM's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PRIM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Primoris Services traded at 24.7 times earnings, against a 10-year median of 14.0. Based on the latest twelve months, the trailing P/E is 28.6 and the forward P/E is 13.1. Primoris Services earned a return on equity of 17.8% and a return on invested capital of 13.0% in fiscal 2025. It ended the year with $1.3 billion of debt and $541.3 million in cash and short-term investments, net debt of $735.2 million. It returned $29.1 million to shareholders: $17.3 million in dividends and $11.8 million in share buybacks, 9% of free cash flow. The share count rose 5.4% from 52.0M to 54.8M over 9 years.
See the PRIM income statement, the PRIM chart for price history, or the PRIM stock overview for the latest quote and news.
PRIM key metrics FAQ
What is Primoris Services's P/E ratio?
Primoris Services's trailing P/E ratio is 28.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.1. At the end of fiscal 2025 it was 24.7, compared with a 10-year median of 14.0.
What is Primoris Services's EV/EBITDA?
Primoris Services's enterprise value was 14.9 times EBITDA at the end of fiscal 2025 (enterprise value $7.5 billion, EBITDA $504.6 million); the current EV/EBITDA is 15.9.
What is Primoris Services's return on equity?
Primoris Services's return on equity (ROE) was 17.8% in fiscal 2025: net income of $274.9 million on average shareholders' equity of $1.5 billion.
What is Primoris Services's ROIC?
Primoris Services's return on invested capital was 13.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Primoris Services have?
Primoris Services had total debt of $1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.76 and $735.2 million of net debt (1.46 times EBITDA).
What is Primoris Services's dividend yield?
Primoris Services's forward dividend yield is 0.44%. Primoris Services paid $17.3 million in dividends in fiscal 2025 ($0.32 per share), a payout ratio of 6.3%.
Does Primoris Services buy back its shares?
Yes. Primoris Services spent $11.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.4% over the year, to 54.8M..
What is Primoris Services's free cash flow yield?
Primoris Services generated $340.5 million of free cash flow in fiscal 2025, a free cash flow yield of 5.0% on its market value at year-end ($6.8 billion).
What is Primoris Services's current ratio?
Primoris Services's current ratio was 1.26 at the end of fiscal 2025: current assets were 1.26 times current liabilities.