Primoris Services Corporation Income Statement
PRIM / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$7.6B
FY2025
Gross Profit
$813M
10.7% gross margin
Operating Income
$412M
FY2025
Net Income
$275M
FY2025
Primoris Services Corporation reported $7.6B in revenue and $275M in net income for FY2025. Revenue has grown at a 12.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- Conservative debt: Debt-to-equity ratio of 0.28
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6B | $6.4B | $5.7B | $4.4B | $3.5B | $3.5B | $3.1B | $2.9B | $2.4B | $2.0B | $1.9B | $2.1B | $1.9B | $1.5B | $1.5B |
| Cost of Revenue | $6.8B | $5.7B | $5.1B | $4.0B | $3.1B | $3.1B | $2.8B | $2.6B | $2.1B | - | - | - | - | - | - |
| Gross Profit | $813.1M | $703.2M | $587.5M | $456.9M | $416.7M | $370.2M | $330.9M | $325.7M | $278.4M | $201.3M | $219.9M | $236.0M | $256.0M | $192.7M | $185.2M |
| SG&A Expense | $399.2M | $383.3M | $328.7M | $281.6M | $230.1M | $202.8M | $189.1M | $182.0M | $170.4M | $140.0M | $151.7M | $132.2M | $130.8M | $96.4M | $86.2M |
| Operating Income | $411.5M | $317.4M | $253.1M | $195.3M | $170.2M | $163.9M | $140.9M | $130.5M | $106.3M | $57.7M | $67.8M | $103.8M | $125.2M | $96.3M | $99.0M |
| Interest Expense | - | - | - | - | - | $20.3M | $20.1M | $18.7M | $8.1M | $8.9M | $7.7M | $6.4M | $5.9M | $3.6M | $5.4M |
| Income Tax | $109.1M | $74.0M | $51.5M | $26.3M | $36.1M | $40.7M | $33.8M | $25.8M | $28.4M | $21.1M | $23.9M | $38.6M | $44.9M | $33.8M | $38.2M |
| Net Income | $274.9M | $180.9M | $126.1M | $133.0M | $115.7M | $105.0M | $82.3M | $77.5M | $72.4M | $26.7M | $36.9M | $63.7M | $74.7M | $58.3M | $58.6M |
| EPS (Basic) | $5.09 | $2.50 | $2.19 | $2.17 | $2.19 | $2.17 | $1.62 | $1.51 | $1.41 | $1.22 | $0.71 | $1.10 | $1.35 | $1.10 | $0.81 |
| EPS (Diluted) | $5.02 | $2.47 | $2.17 | $2.16 | $2.17 | $2.16 | $1.61 | $1.50 | $1.40 | $1.22 | $0.71 | $1.10 | $1.35 | $1.10 | $0.75 |
| Shares Outstanding | 54.0M | 53.4M | 53.1M | 53.2M | 53.2M | 48.1M | 48.7M | 50.7M | 51.4M | 51.7M | 51.7M | 51.6M | 51.6M | 51.4M | 49.4M |
| Gross Margin | 10.7% | 11.0% | 10.3% | 10.3% | 11.9% | 10.6% | 10.7% | 11.1% | 11.7% | 10.1% | 11.4% | 11.3% | 13.2% | 12.5% | 12.7% |
| Operating Margin | 5.4% | 5.0% | 4.4% | 4.4% | 4.9% | 4.7% | 4.5% | 4.4% | 4.5% | 2.9% | 3.5% | 5.0% | 6.4% | 6.3% | 6.8% |
| Profit Margin | 3.6% | 2.8% | 2.2% | 3.0% | 3.3% | 3.0% | 2.6% | 2.6% | 3.0% | 1.3% | 1.9% | 3.0% | 3.8% | 3.8% | 4.0% |