Primoris Services
Builds and maintains utility, renewable-power, industrial-energy, and transportation infrastructure across North America.
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Profile
Builds and maintains gas, electric, communications, renewable-power, storage, industrial-energy, and transportation infrastructure through Utilities and Energy. Revenue combines multiyear master service agreements with project-specific construction contracts, while execution depends on cost estimating, skilled labor, equipment, safety, bonding, and customer schedules.
Builds and maintains critical infrastructure through Utilities and Energy. Utilities covers gas and electric distribution and transmission plus communications networks across the United States. Energy handles engineering, procurement, construction, and maintenance for renewable power, storage, fuels, power generation, petroleum and petrochemical facilities, and transportation agencies across the United States and Canada. PayneCrest adds specialized electrical work for industrial, manufacturing, and advanced facilities.
Combines multiyear master service agreements with project-specific contracts and self-performs significant work using skilled labor and a substantial equipment fleet. Selective bidding, estimating, scheduling, and field execution shape results; recent renewable projects incurred redesign, productivity, subsurface, weather, and sequencing costs. Operations depend on customer timing, safety, surety bonding, permits, and environmental and workplace rules.
Company facts
Categories
Key statistics
Year to date −44.0% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | UBS | Reiterate | Neutral | $124 | $138 | |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $100 | $105 | |
| Aug 6, 2026 | Guggenheim | Reiterate | Buy | $195 | $127 | |
| Jul 13, 2026 | Needham | Reiterate | Buy | $188 | $172 | |
| Jun 29, 2026 | JP Morgan | Upgrade | Neutral | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.35 | −$0.27 | +23.8% | $1.73B | $1.69B | −2.6% | −8.20% |
| May 5, 2026Q1 FY26 | $0.85 | $0.59 | −30.6% | $1.73B | $1.56B | −9.8% | −50.11% |
| Feb 23, 2026Q4 FY25 | $0.95 | $1.08 | +13.7% | $1.82B | $1.86B | +2.3% | −8.28% |
| Nov 3, 2025Q3 FY25 | $1.32 | $1.88 | +42.4% | $1.82B | $2.18B | +19.9% | −10.64% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.89B | $2.18B | $1.86B | $1.56B | $1.69B | |
| Gross profit | $170.7M | $231.7M | $235.7M | $175.0M | $134.7M | $82.4M | |
| Operating income | $70.4M | $126.6M | $138.0M | $77.6M | $28.9M | −$26.8M | |
| Net income | $44.2M | $84.3M | $94.6M | $51.8M | $17.4M | −$24.2M | |
| Diluted EPS | $0.81 | $1.54 | $1.73 | $0.94 | $0.32 | −$0.45 | |
| Gross margin | 10.4% | 12.3% | 10.8% | 9.4% | 8.6% | 4.9% | |
| Operating margin | 4.3% | 6.7% | 6.3% | 4.2% | 1.9% | -1.6% |
Fiscal years (4-quarter sums)FY21 $3.50B · FY22 $4.42B · FY23 $5.72B · FY24 $6.37B · FY25 $7.57B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $218.2M · Total debt $1.11B · Total assets $4.64B · Shareholders' equity $1.61B
Dividends
Raised for 16 straight years — most recently to $0.08 from $0.06 in Dec 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.08 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.08 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.08 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.08 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.08 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.08 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.08 | raised from $0.06 |
| Sep 27, 2024 | Sep 27 | Oct 11 | $0.06 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 54.25M · Float 53.67M · 98.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.84M | 12.60% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 4.68M | 8.60% | 13G | Aug 13, 2026 |
| First Trust Portfolios L.P. | 3.40M | 6.27% | 13G | Apr 27, 2026 |
| Vanguard Portfolio Management LLC | 3.12M | 5.76% | 13F | Aug 13, 2026 |
| Fuller & Thaler Asset Management, Inc. | 2.85M | 5.28% | 13G | Sep 5, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 15, 2026 | Terry D. Mccallister | director | +20 | $86.66 |
| May 27, 2026 | Koti Vadlamudi | director, officer: PRESIDENT & CEO | +7,815 | $127.96 |
| May 28, 2026 | John M. Perisich | officer: CHIEF LEGAL AND ADMIN OFFICER | −29,707 | $127.86 |
| May 26, 2026 | David Lee King | director | −20,000 | $119.09 |
| Apr 15, 2026 | Terry D. Mccallister | director | +10 | $164.40 |
Peers
- Quanta Services
Broadest overlap in grid, renewables, utilities, and energy
- MasTec
Multi-segment overlap in communications, power, renewables, and pipeline
- MYR Group
Direct electric T&D and industrial electrical construction peer
- Dycom Industries
Communications and utility-services overlap with data-center expansion
- Sterling Infrastructure
Highway, transportation, and site-development overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| Dycom Industries | $295.41 | +0.32% | $8.84B | 26.9 | 16.6 | 1.3 | +45.6% |
| Sterling Infrastructure | $472.30 | +0.40% | $14.44B | 33.9 | 21.2 | 4.2 | +90.1% |
| Median | 33.9 | 21.8 | 1.3 | +41.1% |