Primoris Services Corporation(PRIM) Stock Research - Grey Stern Research

Primoris Services Corporation (PRIM) Stock Analysis

$56.15 (3.20%)

PRIM Financial Performance


Use the table below to view Primoris Services Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $56.15 -
52 Week Low $28.96 -
52 Week High $56.83 -
Market Cap $3.0 Billion 6/10
Gross Margin 9% 8/10
Profit Margin 1% 6/10
EBITDA margin 5% 7/10
Q1 - 2024 Revenue $1.4 Billion 4/10
Q1 - 2024 Earnings $18.9 Million 4/10
Q1 - 2024 Free Cash Flow -$38.9 Million 10/10
Trailing 4 Quarters Revenue $5.9 Billion 3/10
Trailing 4 Quarters Earnings $143.8 Million 3/10
Quarterly Earnings Growth 1346% 1/10
Annual Earnings Growth 14% 7/10
Quarterly Revenue Growth 12% 7/10
Annual Revenue Growth 12% 5/10
Cash On Hand $177.6 Million 5/10
Short Term Debt $190.2 Million 1/10
Long Term Debt $1.1 Billion 2/10

Primoris Services Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Primoris Services Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 20.95 6/10
PS 0.51 8/10
PB 2.41 7/10
PC 16.96 7/10
Liabilities to Equity 2.17 2/10
ROA 0.04 5/10
ROE 0.12 4/10
Current Ratio 1.46 9/10
Quick Ratio 0.07 5/10
Long Term Debt to Equity 0.92 3/10
Debt to Equity 1.07 3/10
Burn Rate 2.38 5/10
Cash to Cap 0.06 4/10
CCR -2.05 10/10
EV to EBITDA 60.28 5/10
EV to Revenue 0.71 7/10

Company Details

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.

CEO: Mr. Thomas McCormick

Website: https://www.primoriscorp.com

Address: 2300 N Field St Ste 1900 Dallas, TEXAS

Exchange: NASDAQ Global Select

Industry: Engineering & Construction

Primoris Services Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Primoris Services Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Tutor Perini Corporation TPC $1.4 Billion
Granite Construction Incorporated GVA $3.0 Billion
Matrix Service Company MTRX $285.1 Million
MYR Group Inc. MYRG $2.5 Billion
Great Lakes Dredge & Dock Corporation GLDD $633.9 Million
EMCOR Group, Inc. EME $17.1 Billion
Comfort Systems USA, Inc. FIX $11.1 Billion
Construction Partners, Inc. ROAD $3.3 Billion
APi Group Corporation APG $10.3 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
PRIM Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 1.4 Billion $18.9 Million
Q4 2023 $ 1.5 Billion $37.7 Million
Q3 2023 $ 1.5 Billion $48.1 Million
Q2 2023 $ 1.4 Billion $39.0 Million
Q1 2023 $ 1.3 Billion $1.3 Million
Q4 2022 $ 1.3 Billion $41.5 Million
Q3 2022 $ 1.3 Billion $43.0 Million
Q2 2022 $ 1.0 Billion $50.2 Million

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PRIM Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $177.6 Million $4.0 Billion $1.3 Billion $1.2 Billion
Q4 2023 $217.8 Million $3.8 Billion $1.2 Billion $1.2 Billion
Q3 2023 $160.7 Million $3.8 Billion $1.3 Billion $1.2 Billion
Q2 2023 $122.7 Million $3.7 Billion $1.3 Billion $1.1 Billion
Q1 2023 $94.8 Million $3.5 Billion $1.3 Billion $1.1 Billion
Q4 2022 $248.7 Million $3.5 Billion $1.3 Billion $1.1 Billion
Q3 2022 $111.9 Million $3.5 Billion $1.3 Billion $1.1 Billion
Q2 2022 $91.3 Million $2.7 Billion $780.7 Million $1.0 Billion

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PRIM Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 -$38.9 Million -$10.4 Million -$39.7 Million
Q4 2023 $66.1 Million $0 $66.1 Million
Q3 2023 $33.6 Million -$40.1 Million $38.2 Million
Q2 2023 $6.0 Million -$28.5 Million $27.9 Million
Q1 2023 -$129.2 Million -$13.8 Million -$158.5 Million
Q4 2022 $166.4 Million -$19.0 Million $126.0 Million
Q3 2022 -$20.8 Million -$9.9 Million $36.7 Million
Q2 2022 -$130.3 Million -$32.7 Million -$82.3 Million

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