PRIM · NYSE · Engineering & Construction

Primoris Services (PRIM)

Builds and maintains utility, renewable-power, industrial-energy, and transportation infrastructure across North America.

$75.99
vs last close−0.92 (−1.20%)
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Primoris Services CorporationPRIM
Industrials

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

CEOKoti Vadlamudi
ListedAug 6, 2008
ExchangeNYSE
HeadquartersDallas, TX
CountryUnited States
Employees18,526
CIK0001361538
ISINUS74164F1030

Market cap$4.17B
EPS (ttm)$2.54
P/E (ttm)30.28
ROE8.5%
P/B2.60
P/S0.5728
Dividend yieldDiv yield0.42%
Beta1.80vs XLI 0.95

Price target$127.00+65.1%Average of 25 analysts
ConsensusBuy17 of 25 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026Piper SandlerInitiate
Rating: Target: $76
Rating: NeutralTarget: $90
Aug 10, 2026Cantor FitzgeraldReiterate
Rating: Target: $100
Rating: NeutralTarget: $105
Aug 10, 2026UBSReiterate
Rating: Target: $124
Rating: NeutralTarget: $138
Aug 6, 2026GuggenheimReiterate
Rating: Target: $195
Rating: BuyTarget: $127
Jul 13, 2026NeedhamReiterate
Rating: Target: $188
Rating: BuyTarget: $172

Next report
Nov 2, 26
in 41 days
EPS estimate
$0.78
Revenue estimate
$2.02B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.13$0.98$1.68$1.88$1.08$0.59−$0.27Pending
Estimate$0.76$0.72$1.06$1.32$0.95$0.85−$0.35$0.78
Surprise+48.7%+36.1%+58.5%+42.4%+13.7%−30.6%+23.8%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.74B$1.65B$1.89B$2.18B$1.86B$1.56B$1.69BPending
Estimate$1.59B$1.68B$1.76B$1.82B$1.82B$1.73B$1.73B$2.02B
Surprise+9.5%−1.6%+7.3%+19.9%+2.3%−9.8%−2.6%
Estimate$0.78
ReportedDue Nov 2, 2026
Estimate$2.02B
ReportedDue Nov 2, 2026
View details

Debt to equity69.20%
Current ratio118.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.65B$1.74B$1.65B$1.89B$2.18B$1.86B$1.56B$1.69B
Net income$58.4M$54.0M$44.2M$84.3M$94.6M$51.8M$17.4M−$24.2M
Net margin3.5%3.1%2.7%4.5%4.3%2.8%1.1%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$99.6M$87.6M$70.4M$126.6M$138.0M$77.6M$28.9M−$26.8M
YoY growth+12.6%+17.0%+59.1%+47.1%+38.6%−11.4%−58.9%Turned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $218.2M · Total debt $1.11B · Total assets $4.64B · Shareholders' equity $1.61B

Revenue
$1.69B
Operating income
−$26.8M
Net income
−$24.2M
View details

Dividend yield
0.42%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$0.32
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08
Annual yield0.34%0.49%0.38%0.23%0.26%0.22%0.32%0.42%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions≈ 105.05%56.55M shares
474 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.95%509.7K shares
15 holders · as of Aug 12, 2026
Adds to106.00%

53.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 106.00%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
12.70%6.84Mas of Jun 30, 2026
Wellington Management Group LLPInstitution
8.69%4.68Mas of Jun 30, 2026
First Trust Portfolios L.P.Institution
6.32%3.40Mfiled Apr 27, 2026
Vanguard Portfolio Management LLCInstitution
5.80%3.12Mas of Jun 30, 2026
Barrow, Hanley, Mewhinney & Strauss, LLCInstitution
5.71%3.07Mfiled Feb 9, 2017

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 15, 2026Terry D. Mccallisterdirector+20$86.66
May 27, 2026Koti Vadlamudidirector, officer: PRESIDENT & CEO+7,815$127.96
May 28, 2026John M. Perisichofficer: CHIEF LEGAL AND ADMIN OFFICER−29,707$127.86
May 26, 2026David Lee Kingdirector−20,000$119.09
Apr 15, 2026Terry D. Mccallisterdirector+10$164.40
View details

  • 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

Compare

CompanyPriceChange
Primoris Services$75.99−1.20%$4.17B30.319.10.6−10.7%
Quanta Services$646.06+0.54%$96.61B73.635.92.9+41.1%
MasTec$225.62+1.22%$17.90B35.620.41.1+23.4%
MYR Group$288.33−0.04%$4.49B27.422.41.1+20.2%
Dycom Industries$286.17−1.85%$8.76B26.616.51.3+45.6%
Sterling Infrastructure$518.41+1.13%$15.73B37.023.44.6+90.1%
Median35.622.41.3+41.1%