Primoris Services Corp
Close on Oct 19, 2026
- Market cap
- $4.02B
- P/E (TTM)
- 29.2
- Dividend yield
- 0.43%
About Primoris Services
Water, Sewer, Pipeline, Comm & Power Line Construction, SIC 1623
Primoris Services Corporation provides critical infrastructure services, focusing on construction, maintenance, replacement, and engineering solutions. The company operates through two main business segments: Utilities and Energy. Its Utilities segment delivers infrastructure construction and maintenance for natural gas and electric utility transmission and distribution networks, alongside communications systems. The Energy segment supplies engineering, procurement, construction, and maintenance services across renewable power, energy storage, renewable fuels, petroleum, petrochemicals, and transportation projects. Primoris serves a broad customer base consisting of utility companies, power producers, solar developers, petrochemical and refining businesses, pipeline operators, and transportation departments.
The company operates across the United States and Canada, with its Utilities business spanning the United States and its Energy operations functioning in both countries. Primoris maintains a workforce comprising 3,055 salaried staff and 15,471 hourly craft professionals, with training centers and maintenance facilities supporting its operations. Its corporate headquarters is located in Dallas, Texas.
Summary of the business section of Primoris Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Primoris Services Corp
- Founded
- 1960
- Headquarters
- Dallas, TX
- Address
- 2300 N. Field Street, Suite 1900 75201
- Phone
- (214) 740-5600
- Website
- prim.com
- Employees
- 3,055, Dec 31, 2025
- Industry
- Water, Sewer, Pipeline, Comm & Power Line Construction
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Baker Tilly US, LLP, Los Angeles, CA
Stock & identifiers
- Ticker
- PRIM
- Exchange
- NYSE
- IPO date
- Oct 4, 2006
- Shares outstanding
- 54M, Jul 31, 2026
- Public float
- $4.20B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1361538
- CUSIP
- 74164F103
- ISIN
- US74164F1030
- LEI
- 549300UF3OLBJ8D5K349
- EIN
- 20-4743916
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Koti Vadlamudi | PRESIDENT & CEO, Director | 7,815 |
| Thomas Edward McCormick | PRESIDENT & CEO, Director | 54,060 |
| Travis Stricker | Deputy CFO | 10,938 |
| John M. Perisich | CHIEF LEGAL AND ADMIN OFFICER | 161,181 |
| Jeremy Kinch | CHIEF OPERATING OFFICER | 25,925 |
| Kenneth Morris Dodgen | CHIEF FINANCIAL OFFICER | 122,480 |
| Patricia K. Wagner | Director | 7,956 |
| Michael E. Ching | Director | 10,754 |
| Carla S. Mashinski | Director | 22,448 |
| David Lee King | Director | 15,297 |
| Jose Ramon Rodriguez | Director | 18,041 |
| Terry D. McCallister | Director | 31,500 |
| Harpreet Saluja | Director | 1,719 |
| John P. Schauerman | Director | 79,984 |
| Stephen C. Cook | Director | 7,966 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Vadlamudi | $17.49M | $23.16M | $2.86M | $467 | $408 |
| FY2024 Mr.Vadlamudi | $5.71M | $14.93M | $2.73M | $360 | $286 |
| FY2023 Mr.Vadlamudi | $7.00M | $8.47M | $3.42M | $156 | $184 |
| FY2022 Mr.Vadlamudi | $2.59M | $2.41M | $1.51M | $102 | $156 |
| FY2021 Mr.Vadlamudi | $3.45M | $3.07M | $1.82M | $110 | $169 |
| FY2020 Mr.McCormick | $2.15M | $2.24M | $1.30M | $126 | $104983 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 3,055 salaried employees and 15,471 hourly employees.”
Corporate history
Events identified from SEC filings