Primoris Services Corp (PRIM) stock
PRIMNYSEWater, Sewer, Pipeline, Comm & Power Line ConstructionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 9/3045% above fair value
$69.30−2.25 (-3.14%)
Close on Nov 13, 2026Market cap $3.73BP/E 39.2Yield 0.46%
Earnings
Primoris Services's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 22, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$2.00B
-8.2% on a year earlier
Adjusted diluted EPS, Q3 FY2026
$1.20
$1.88 a year earlier
Latest guidance
Raised
Nov 3, 2026 · 10 items
Quarterly results
Revenue and earnings per share from each of Primoris Services's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 22, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Nov 3, 2026after the close | $2.00B | -8.2% | $0.95 | $1.20 | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 4, 2026after the close | $1.69B | -10.7% | -$0.45 | -$0.27 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 5, 2026after the close | $1.60B | -2.9% | $0.32 | $0.59 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 23, 2026after the close | $1.90B | +11.8% | $0.95 | $1.08 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 3, 2025after the close | $2.18B | +32.1% | $1.73 | $1.88 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 4, 2025after the close | $1.89B | +20.9% | $1.54 | $1.68 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 5, 2025after the close | $1.65B | +16.7% | $0.81 | $0.98 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 24, 2025after the close | $1.70B | +13.3% | $0.99 | $1.13 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 4, 2024after the close | $1.65B | +7.8% | $1.07 | $1.22 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 5, 2024after the close | $1.56B | +10.6% | $0.91 | $1.04 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 9, 2024after the close | $1.41B | +12.4% | $0.35 | $0.47 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 26, 2024after the close | $1.50B | +12.9% | $0.69 | $0.85 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 7, 2023after the close | $1.53B | +19.1% | $0.89 | $1.02 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 7, 2023after the close | $1.41B | +38.2% | $0.72 | $0.80 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 9, 2023after the close | $1.26B | +60.2% | $0.02 | $0.18 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 27, 2023after the close | $1.33B | +50.3% | $0.77 | $0.93 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 7, 2022after the close | $1.28B | +40.6% | $0.80 | $1.12 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 9, 2022after the close | $1.02B | – | $0.93 | $0.48 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 9, 2022after the close | $784.40M | – | -$0.03 | $0.01 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 28, 2022after the close | $884.40M | – | $0.54 | $0.63 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 8, 2021after the close | $913.20M | – | $0.81 | $0.89 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 4, 2021after the close | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | May 6, 2021after the close | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Feb 22, 2021after the close | – | – | – | – | Release |
| Q3 FY2020ended Sep 30, 2020 | Nov 6, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Primoris Services's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| capital expenditures | Q4 FY2026 | $30.00M – $40.00M | – | New | Nov 3, 2026 |
| gross margins by segment - Utilities | FY2026 | 10% – 12% | 10% – 12% | Raised | Aug 4, 2026 |
| targeted gross margins by segment ... for the Utilities segment | FY2026 | 10% – 12% | – | New | Nov 3, 2026 |
| Adjusted EBITDAnon-GAAP | FY2026 | $290.00M – $310.00M | – | New | Nov 3, 2026 |
| Adjusted EBITDAnon-GAAP | FY2026 | $275.00M – $325.00M | $480.00M – $500.00M | Lowered | Aug 4, 2026 |
| diluted shareGAAP | FY2026 | $1.20 – $1.35 | – | New | Nov 3, 2026 |
| diluted shareGAAP | FY2026 | $1.30 – $1.85 | $4.05 – $4.25 | Lowered | Aug 4, 2026 |
| Adjusted EPSnon-GAAP | FY2026 | $2.10 – $2.25 | – | New | Nov 3, 2026 |
| Adjusted EPSnon-GAAP | FY2026 | $2.05 – $2.60 | $4.80 – $5.00 | Lowered | Aug 4, 2026 |
| capital expenditures | FY2026 | $70.00M – $90.00M | $90.00M – $110.00M | Lowered | Aug 4, 2026 |
| capital expenditures | FY2026 | $120.00M – $140.00M | – | New | Feb 23, 2026 |
| effective tax rate | FY2026 | 33% | – | Raised | Nov 3, 2026 |
| effective tax rate | FY2026 | 30% – 32% | 29% | Raised | Aug 4, 2026 |
| Interest expense | FY2026 | $43.00M – $47.00M | $35.00M – $38.00M | Raised | Aug 4, 2026 |
| Interest expense, netGAAP | FY2026 | $43.00M – $47.00M | – | Lowered | Nov 3, 2026 |
| Net incomeGAAP | FY2026 | $65.20M – $73.20M | – | New | Nov 3, 2026 |
| Net incomeGAAP | FY2026 | $71.00M – $101.00M | $223.00M – $234.00M | Lowered | Aug 4, 2026 |
| SG&A expenses as a percentage of revenue | FY2026 | 6% | – | New | Nov 3, 2026 |
| tax rate | FY2026 | 28% – 29% | – | Lowered | May 5, 2026 |
Guidance vs results
The last range Primoris Services gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Adjusted EPS | $5.35 – $5.55 | $5.62Σ4Q | Above range |
| FY2025 | EPS (GAAP) | $4.75 – $4.95 | $5.03Σ4Q | Above range |
Guidance history
Every forecast Primoris Services put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Nov 3, 2026 | capital expenditures | Q4 FY2026 | $30.00M – $40.00M | New |
| Nov 3, 2026 | Adjusted EBITDA | FY2026 | $290.00M – $310.00M | New |
| Nov 3, 2026 | Adjusted EPS | FY2026 | $2.10 – $2.25 | New |
| Nov 3, 2026 | diluted share | FY2026 | $1.20 – $1.35 | New |
| Nov 3, 2026 | targeted gross margins by segment ... for the Utilities segment | FY2026 | 10% – 12% | New |
| Nov 3, 2026 | targeted gross margins by segment ... for the Energy segment | FY2026 | 6% – 8% | Lowered |
| Nov 3, 2026 | SG&A expenses as a percentage of revenue | FY2026 | 6% | New |
| Nov 3, 2026 | effective tax rate | FY2026 | 33% | Raised |
| Nov 3, 2026 | Net income | FY2026 | $65.20M – $73.20M | New |
| Nov 3, 2026 | Interest expense, net | FY2026 | $43.00M – $47.00M | Lowered |
| Aug 4, 2026 | capital expenditures | FY2026 | $70.00M – $90.00M | Lowered |
| Aug 4, 2026 | Adjusted EBITDA | FY2026 | $275.00M – $325.00M | Lowered |
| Aug 4, 2026 | Adjusted EPS | FY2026 | $2.05 – $2.60 | Lowered |
| Aug 4, 2026 | diluted share | FY2026 | $1.30 – $1.85 | Lowered |
| Aug 4, 2026 | gross margins by segment - Utilities | FY2026 | 10% – 12% | Raised |
| Aug 4, 2026 | gross margins by segment - Energy | FY2026 | 6% – 8% | Lowered |
| Aug 4, 2026 | effective tax rate | FY2026 | 30% – 32% | Raised |
| Aug 4, 2026 | Interest expense | FY2026 | $43.00M – $47.00M | Raised |
| Aug 4, 2026 | Net income | FY2026 | $71.00M – $101.00M | Lowered |
| May 5, 2026 | capital expenditures | FY2026 | $90.00M – $110.00M | New |
| May 5, 2026 | Adjusted EBITDA | FY2026 | $480.00M – $500.00M | Lowered |
| May 5, 2026 | Adjusted EPS | FY2026 | $4.80 – $5.00 | Lowered |
| May 5, 2026 | Earnings per Share (“EPS”) | FY2026 | $4.05 – $4.25 | Lowered |
| May 5, 2026 | targeted gross margins - Utilities | FY2026 | 10% – 12% | Reaffirmed |
| May 5, 2026 | targeted gross margins - Energy | FY2026 | 9% – 11% | Lowered |
| May 5, 2026 | tax rate | FY2026 | 28% – 29% | Lowered |
| May 5, 2026 | interest expense | FY2026 | $35.00M – $38.00M | Raised |
| May 5, 2026 | Net income | FY2026 | $223.00M – $234.00M | Lowered |
| Feb 23, 2026 | capital expenditures | FY2026 | $120.00M – $140.00M | New |
| Feb 23, 2026 | Adjusted EBITDA | FY2026 | $560.00M – $580.00M | New |
| Feb 23, 2026 | Adjusted EPS | FY2026 | $5.80 – $6.00 | New |
| Feb 23, 2026 | Earnings per Share (“EPS”) | FY2026 | $5.35 – $5.55 | New |
| Feb 23, 2026 | Utilities targeted gross margins | FY2026 | 10% – 12% | New |
| Feb 23, 2026 | Energy targeted gross margins | FY2026 | 10% – 12% | Reaffirmed |
| Feb 23, 2026 | effective tax rate | FY2026 | 29% | New |
| Feb 23, 2026 | Interest expense | FY2026 | $23.00M – $26.00M | New |
| Feb 23, 2026 | Net income | FY2026 | $294.00M – $305.00M | New |
| Nov 3, 2025 | capital expenditures | Q4 FY2025 | $15.00M – $20.00M | New |
| Nov 3, 2025 | Adjusted EBITDA | FY2025 | $510.00M – $530.00M | New |
| Nov 3, 2025 | Adjusted EPS | FY2025 | $5.35 – $5.55 | New |
| Nov 3, 2025 | EPS | FY2025 | $4.75 – $4.95 | New |
| Nov 3, 2025 | effective tax rate | FY2025 | 28.5% | New |
| Nov 3, 2025 | Net income | FY2025 | $260.50M – $271.50M | New |
| Nov 3, 2025 | Interest expense | FY2025 | $30.00M – $32.00M | New |
| Aug 4, 2025 | capital expenditures | FY2025 | $25.00M – $45.00M | Lowered |
| Aug 4, 2025 | Adjusted EBITDA | FY2025 | $490.00M – $510.00M | Raised |
| Aug 4, 2025 | Adjusted EPS | FY2025 | $4.90 – $5.10 | Raised |
| Aug 4, 2025 | fully diluted share | FY2025 | $4.40 – $4.60 | Raised |
| Aug 4, 2025 | effective tax rate | FY2025 | 29% | Reaffirmed |
| Aug 4, 2025 | Interest expense | FY2025 | $33.00M – $37.00M | Lowered |
| Aug 4, 2025 | Net income | FY2025 | $241.00M – $252.00M | Raised |
| May 5, 2025 | capital expenditures | FY2025 | $50.00M – $70.00M | Lowered |
| May 5, 2025 | Adjusted EBITDA | FY2025 | $440.00M – $460.00M | Reaffirmed |
| May 5, 2025 | Adjusted EPS | FY2025 | $4.20 – $4.40 | Reaffirmed |
| May 5, 2025 | Earnings per Share (“EPS”) | FY2025 | $3.70 – $3.90 | Reaffirmed |
| May 5, 2025 | targeted gross margins by segment: Utilities | FY2025 | 9% – 11% | Lowered |
| May 5, 2025 | targeted gross margins by segment: Energy | FY2025 | 10% – 12% | Raised |
| May 5, 2025 | effective tax rate | FY2025 | 29% | Reaffirmed |
| May 5, 2025 | Net income | FY2025 | $203.30M – $214.30M | Reaffirmed |
| Feb 24, 2025 | capital expenditures | FY2025 | $90.00M – $110.00M | New |
| Feb 24, 2025 | Adjusted EBITDA | FY2025 | $440.00M – $460.00M | New |
| Feb 24, 2025 | Adjusted EPS | FY2025 | $4.20 – $4.40 | New |
| Feb 24, 2025 | Earnings per Share (“EPS”) | FY2025 | $3.70 – $3.90 | New |
| Feb 24, 2025 | targeted gross margins - Utilities | FY2025 | 9% – 11% | New |
| Feb 24, 2025 | targeted gross margins - Energy | FY2025 | 10% – 12% | Raised |
| Feb 24, 2025 | effective tax rate | FY2025 | 29% | New |
| Feb 24, 2025 | Interest expense | FY2025 | $44.00M – $48.00M | New |
| Feb 24, 2025 | Net income | FY2025 | $203.30M – $214.30M | New |
| Nov 4, 2024 | capital expenditures | Q4 FY2024 | $10.00M – $20.00M | New |
| Nov 4, 2024 | Adjusted EBITDA | FY2024 | $405.00M – $420.00M | Raised |
| Nov 4, 2024 | Adjusted EPS | FY2024 | $3.40 – $3.55 | Raised |
| Nov 4, 2024 | fully diluted share | FY2024 | $2.85 – $3.00 | Raised |
| Nov 4, 2024 | targeted gross margins by segment: Utilities | FY2024 | 9% – 11% | New |
| Nov 4, 2024 | targeted gross margins by segment: Energy | FY2024 | 10% – 12% | Raised |
| Nov 4, 2024 | effective tax rate | FY2024 | 29% | New |
| Nov 4, 2024 | Net income | FY2024 | $156.00M – $164.00M | New |
| Nov 4, 2024 | Interest expense | FY2024 | $68.00M – $71.00M | Lowered |
| Aug 5, 2024 | Adjusted EBITDA | FY2024 | $400.00M – $420.00M | Raised |
| Aug 5, 2024 | Adjusted EPS | FY2024 | $3.25 – $3.45 | Raised |
| Aug 5, 2024 | fully diluted share | FY2024 | $2.70 – $2.90 | Raised |
| May 9, 2024 | capital expenditures | FY2024 | $80.00M – $100.00M | Reaffirmed |
| May 9, 2024 | Adjusted EBITDA | FY2024 | $395.00M – $415.00M | Reaffirmed |
| May 9, 2024 | Adjusted EPS | FY2024 | $3.05 – $3.25 | Reaffirmed |
| May 9, 2024 | Earnings per Share (“EPS”) | FY2024 | $2.50 – $2.70 | Reaffirmed |
| Feb 26, 2024 | capital expenditures | FY2024 | $80.00M – $100.00M | New |
| Feb 26, 2024 | Adjusted EBITDA | FY2024 | $395.00M – $415.00M | New |
| Feb 26, 2024 | Adjusted EPS | FY2024 | $3.05 – $3.25 | New |
| Feb 26, 2024 | Earnings per Share (“EPS”) | FY2024 | $2.50 – $2.70 | New |
| Nov 7, 2023 | capital expenditures | Q4 FY2023 | $10.00M – $20.00M | New |
| Nov 7, 2023 | Adjusted EBITDA | FY2023 | $360.00M – $380.00M | Reaffirmed |
| Nov 7, 2023 | Adjusted EPS | FY2023 | $2.60 – $2.80 | Reaffirmed |
| Nov 7, 2023 | Net income | FY2023 | $2.15 – $2.35 | Reaffirmed |
| Aug 7, 2023 | capital expenditures | FY2023 | $80.00M – $100.00M | Reaffirmed |
| Aug 7, 2023 | Adjusted EBITDA | FY2023 | $360.00M – $380.00M | Raised |
| Aug 7, 2023 | Adjusted EPS | FY2023 | $2.60 – $2.80 | Raised |
| Aug 7, 2023 | Net income | FY2023 | $2.15 – $2.35 | Raised |
| Aug 7, 2023 | effective tax rate | FY2023 | 29% | Raised |
| May 9, 2023 | capital expenditures | FY2023 | $80.00M – $100.00M | New |
| May 9, 2023 | Adjusted EBITDA | FY2023 | $350.00M – $370.00M | Reaffirmed |
| May 9, 2023 | Adjusted EPS | FY2023 | $2.50 – $2.70 | Reaffirmed |
| May 9, 2023 | Net income | FY2023 | $2.10 – $2.30 | Reaffirmed |
| May 9, 2023 | effective tax rate | FY2023 | 28% | New |
| Feb 27, 2023 | Adjusted EBITDA | FY2023 | $350.00M – $370.00M | New |
| Feb 27, 2023 | Adjusted EPS | FY2023 | $2.50 – $2.70 | New |
| Feb 27, 2023 | Net income | FY2023 | $2.10 – $2.30 | New |
| Nov 7, 2022 | Capital expenditures | Q4 FY2022 | $20.00M – $30.00M | New |
| Nov 7, 2022 | Adjusted EPS | FY2022 | $2.39 – $2.59 | Reaffirmed |
| Nov 7, 2022 | EPS | FY2022 | $2.31 – $2.51 | Lowered |
| Nov 7, 2022 | effective tax rate on net income | FY2022 | 19% – 20% | Lowered |
| Aug 8, 2022 | Capital expenditures | FY2022 | $60.00M – $70.00M | Lowered |
| Aug 8, 2022 | Adjusted EPS | FY2022 | $2.39 – $2.59 | Lowered |
| Aug 8, 2022 | Net income per fully diluted share | FY2022 | $2.40 – $2.60 | Raised |
| Aug 8, 2022 | effective tax rate | FY2022 | 20.5% | Lowered |
| May 9, 2022 | Capital expenditures | FY2022 | $90.00M – $110.00M | Lowered |
| May 9, 2022 | Adjusted EPS | FY2022 | $2.49 – $2.69 | Raised |
| May 9, 2022 | Net income per fully diluted share | FY2022 | $2.20 – $2.40 | Raised |
| May 9, 2022 | effective tax rate | FY2022 | 27% | Reaffirmed |
| Feb 28, 2022 | capital expenditures | FY2022 | $120.00M – $140.00M | New |
| Feb 28, 2022 | Adjusted EPS | FY2022 | $2.39 – $2.59 | New |
| Feb 28, 2022 | Net income attributable to Primoris per fully diluted share | FY2022 | $2.10 – $2.30 | New |
| Feb 28, 2022 | targeted gross margins: Utilities | FY2022 | 12% – 14% | New |
| Feb 28, 2022 | targeted gross margins: Energy/Renewables | FY2022 | 9% – 12% | Lowered |
| Feb 28, 2022 | targeted gross margins: Pipeline | FY2022 | 9% – 11% | Lowered |
| Feb 28, 2022 | effective tax rate | FY2022 | 27% | New |
| Nov 8, 2021 | capital expenditures | FY2021 | $10.00M – $20.00M | New |
| Nov 8, 2021 | Adjusted EPS | FY2021 | $2.61 – $2.71 | New |
| Nov 8, 2021 | Net income attributable to Primoris per fully diluted share | FY2021 | $2.10 – $2.20 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Primoris Services filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Results
- Results
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