Is Primoris Services (PRIM) overvalued or fairly valued?

MarketChacha shows Primoris Services's valuation in context — a trailing P/E of about 28.3, a forward P/E of about 13.9, a price-to-book of about 2.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Primoris Services's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.02×) from reported figures — education, not a rating.

What is Primoris Services's revenue?

Primoris Services reported revenue of $7.6B for FY2025, with net profit of $274.9M, per official filings.

What is the share price of Primoris Services (PRIM)?

Primoris Services last traded at $72.14 (-3.2% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Primoris Services

PRIM · NYSE · Industrials · United States

Snapshot

TickerPRIM

ExchangeNYSE

SectorIndustrials

IndustryEngineering & Construction

CountryUnited States

Employees18,526

HeadquartersDallas, United States

Websitewww.prim.com

Filings tracked16

About Primoris Services

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.

Who owns it

Insiders1.2%
Institutions98.8%
Public & other0.0%

591 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.70%
Wellington Management Group, LLP8.69%
Vanguard Portfolio Management LLC5.80%
Vanguard Capital Management LLC4.38%
First Trust Advisors LP4.15%
State Street Corporation3.37%
Millennium Management Llc2.77%
Southpoint Capital Advisors Lp2.60%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.02×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.2% → 3.6%

Margin has expanded by about 1.4 points — the business is getting more profitable.

Return on equity16.4%

Latest ROE of 16.4% — capital is generating a healthy return.

Growth qualityrev 15% · PAT 48%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.0B · EPS 1.02

Est. earnings growth -5.5%

Next fiscal year

Rev $8.1B · EPS 5.19

Est. earnings growth +143.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$7.6B

Net margin

3.6%

ROE

16.4%

Revenue CAGR (2y)

+15.1%

Profit CAGR (2y)

+47.6%

EPS (FY2025)

5.02

Net profit (FY2025)

$274.9M

Ask MarketChacha about PRIM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$7.6B	$274.9M	5.02	3.6%	16.4%
FY2024	$6.4B	$180.9M	3.31	2.8%	12.8%
FY2023	$5.7B	$126.1M	2.33	2.2%	10.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.7B	$-24.2M	-0.45	-1.4%
2026Q1	$1.6B	$17.4M	0.32	1.1%
2025Q4	$1.9B	$51.8M	0.95	2.8%
2025Q3	$2.2B	$94.6M	1.73	4.3%
2025Q2	$1.9B	$84.3M	1.54	4.5%
2025Q1	$1.6B	$44.2M	0.81	2.7%
2024Q4	$1.7B	$54.0M	0.99	3.1%
2024Q3	$1.6B	$58.4M	1.07	3.5%
2024Q2	$1.6B	$49.6M	0.91	3.2%
2024Q1	$1.4B	$18.9M	0.35	1.3%
2023Q4	$1.5B	$37.7M	0.69	2.5%
2023Q3	$1.5B	$48.1M	0.89	3.1%
2023Q2	$1.4B	$39.0M	0.72	2.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC8/31/2026material
8-K/A — Results of operations, Other events, Exhibits
SEC8/6/2026
10-Q filing
SEC8/5/2026
8-K/A — Results of operations, Other events, Exhibits
SEC8/5/2026
8-K — Results of operations, Other events, Exhibits
SEC8/4/2026material
8-K — Results of operations, Executive/director change, Reg FD disclosure, Exhibits
SEC6/22/2026material
10-Q filing
SEC5/6/2026
8-K — Results of operations, Executive/director change, Shareholder vote results, Other events, Exhibits
SEC5/5/2026material
8-K — Executive/director change
SEC3/17/2026material
10-K filing
SEC2/24/2026
8-K — Results of operations, Other events, Exhibits
SEC2/23/2026material

2025

10-Q filing
SEC11/4/2025
8-K — Results of operations, Other events, Exhibits
SEC11/3/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC10/7/2025material
10-Q filing
SEC8/5/2025
8-K — Results of operations, Other events, Exhibits
SEC8/4/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.