Primoris Financial Statements From 2010 to 2024

PRIM Stock  USD 45.01  0.40  0.88%   
Primoris Services financial statements provide useful quarterly and yearly information to potential Primoris Services investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Primoris Services financial statements helps investors assess Primoris Services' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Primoris Services' valuation are summarized below:
Gross Profit
456.9 M
Profit Margin
0.0221
Market Capitalization
2.4 B
Enterprise Value Revenue
0.6194
Revenue
5.7 B
There are over one hundred nineteen available trending fundamental ratios for Primoris Services, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check out Primoris Services' recent fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 24th of April 2024, Market Cap is likely to grow to about 384.9 M

Primoris Services Total Revenue

6 Billion

Check Primoris Services financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Primoris main balance sheet or income statement drivers, such as Interest Expense of 82.1 M, Selling General Administrative of 355.6 M or Other Operating Expenses of 5.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.0111 or PTB Ratio of 2.27. Primoris financial statements analysis is a perfect complement when working with Primoris Services Valuation or Volatility modules.
  
This module can also supplement Primoris Services' financial leverage analysis and stock options assessment as well as various Primoris Services Technical models . Check out the analysis of Primoris Services Correlation against competitors.
To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

Primoris Services Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB3.8 B1.8 B
Slightly volatile
Other Current Liabilities114 M173.6 M121.9 M
Slightly volatile
Total Current Liabilities1.4 B1.3 B643.6 M
Slightly volatile
Total Stockholder Equity1.3 B1.2 B640.5 M
Slightly volatile
Retained EarningsB961 M469.7 M
Slightly volatile
Cash160.4 M217.8 M167.1 M
Slightly volatile
Other Assets40 M25.1 M26.5 M
Pretty Stable
Cash And Short Term Investments169.4 M217.8 M172.8 M
Slightly volatile
Common Stock Total Equity4.7 K6.9 K4.9 K
Slightly volatile
Common Stock Shares Outstanding48.4 M54.2 M48.4 M
Slightly volatile
Liabilities And Stockholders EquityB3.8 B1.8 B
Slightly volatile
Non Current Liabilities Total1.3 B1.3 B498.3 M
Slightly volatile
Other Current Assets121 M135.8 M132.8 M
Slightly volatile
Other Stockholder Equity240.5 M275.8 M254.1 M
Very volatile
Total Liabilities2.7 B2.6 B1.1 B
Slightly volatile
Total Current AssetsB1.9 B951.3 M
Slightly volatile
Common Stock4.9 K6.9 KK
Slightly volatile
Short and Long Term Debt Total1.4 B1.3 B517.8 M
Slightly volatile
Non Current Assets TotalB1.9 B833.2 M
Slightly volatile
Net Receivables1.6 B1.5 B694.7 M
Slightly volatile
Good Will900.5 M857.6 M313.6 M
Slightly volatile
Property Plant And Equipment Gross1.4 B1.3 B467.8 M
Slightly volatile
Short Term Debt177.8 M169.3 M73.9 M
Slightly volatile
Intangible Assets238.9 M227.6 M92.2 M
Slightly volatile
Property Plant And Equipment Net878.3 M836.4 M418.1 M
Slightly volatile
Current Deferred Revenue381.3 M363.2 M191.8 M
Slightly volatile
Accounts Payable660.4 M629 M260.4 M
Slightly volatile
Short Term Investments23.1 M35.6 M26.5 M
Slightly volatile
Long Term Debt929.6 M885.4 M374.1 M
Slightly volatile
Retained Earnings Total Equity429.9 M836.5 M424.1 M
Slightly volatile
Long Term Debt Total717.5 M683.4 M316.1 M
Slightly volatile
Capital Surpluse170.3 M301.2 M172.4 M
Slightly volatile
Capital Lease Obligations377.9 M359.9 M112.2 M
Slightly volatile
Deferred Long Term Liabilities46.5 M44.3 M22.2 M
Slightly volatile
Long Term Investments14 M14.7 M13 M
Slightly volatile
Non Current Liabilities Other66.4 M47.9 M54.7 M
Slightly volatile
Property Plant Equipment841.2 M801.2 M404.1 M
Slightly volatile
Other Liabilities65.7 M116.2 M48.2 M
Slightly volatile
Short and Long Term Debt68.7 M72.9 M60.2 M
Slightly volatile
Net Invested Capital1.6 B2.2 B1.1 B
Slightly volatile
Net Working Capital423.9 M550.2 M330.6 M
Slightly volatile
Capital StockK6.9 K5.3 K
Slightly volatile

Primoris Services Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense82.1 M78.2 M21.6 M
Slightly volatile
Selling General Administrative355.6 M338.7 M179.5 M
Slightly volatile
Other Operating Expenses5.7 B5.5 B2.7 B
Slightly volatile
Total Operating Expenses345.2 M328.7 M178.1 M
Slightly volatile
Income Before Tax100.1 M177.7 M106.1 M
Slightly volatile
Net Income68.5 M126.1 M72.8 M
Slightly volatile
Income Tax Expense29.9 M51.5 M31.5 M
Slightly volatile
Depreciation And Amortization63.6 M107 M67.1 M
Slightly volatile
Total RevenueB5.7 B2.9 B
Slightly volatile
Gross Profit616.9 M587.5 M315.6 M
Slightly volatile
Cost Of Revenue5.4 B5.1 B2.6 B
Slightly volatile
Selling And Marketing Expenses24.8 M27.9 M30.4 M
Slightly volatile
Net Income From Continuing Ops89 M130 M80 M
Slightly volatile
Net Income Applicable To Common Shares82.3 M153 M79.4 M
Slightly volatile
Tax Provision33.8 M40.1 M28.6 M
Slightly volatile
Interest Income840.4 K432.4 K449.3 K
Slightly volatile
Non Recurring9.8 M18.9 M7.6 M
Slightly volatile
Reconciled Depreciation98.9 M111.3 M79.5 M
Slightly volatile

Primoris Services Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Income70.2 M126.1 M74.6 M
Slightly volatile
End Period Cash Flow161.7 M223.5 M168.6 M
Slightly volatile
Begin Period Cash Flow161.1 M259 M161.6 M
Slightly volatile
Depreciation63.5 M107 M67 M
Slightly volatile
Issuance Of Capital Stock636.5 K670 K12.5 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.510.30970.4624
Slightly volatile
Dividend Yield0.01110.00720.0086
Slightly volatile
PTB Ratio2.271.43192.0709
Slightly volatile
Days Sales Outstanding65.397.814480.3796
Slightly volatile
Book Value Per Share24.3523.192512.9496
Slightly volatile
Invested Capital0.591.06640.6861
Slightly volatile
PB Ratio2.271.43192.0709
Slightly volatile
EV To Sales0.590.50220.5389
Very volatile
Net Income Per Share2.492.36681.4958
Slightly volatile
Payables Turnover8.468.152810.8145
Very volatile
Sales General And Administrative To Revenue0.04940.05570.0593
Pretty Stable
Cash Per Share2.714.08613.333
Slightly volatile
Interest Coverage3.083.237410.2307
Slightly volatile
Payout Ratio0.170.10130.1455
Very volatile
Days Payables Outstanding42.3644.769837.3559
Pretty Stable
ROE0.180.10210.1263
Very volatile
PE Ratio21.2614.031421.6168
Slightly volatile
Return On Tangible Assets0.06930.0460.0578
Very volatile
Earnings Yield0.08590.07130.0641
Slightly volatile
Intangibles To Total Assets0.140.28350.1742
Slightly volatile
Current Ratio1.341.41217.3123
Slightly volatile
Receivables Turnover5.13.73164.6967
Slightly volatile
Graham Number36.935.143820.4376
Slightly volatile
Shareholders Equity Per Share24.3523.192512.9496
Slightly volatile
Debt To Equity0.591.06640.6861
Slightly volatile
Revenue Per Share11310756.1554
Slightly volatile
Debt To Assets0.210.34440.2469
Slightly volatile
Short Term Coverage Ratios1.111.17272.4167
Slightly volatile
Price Earnings Ratio21.2614.031421.6168
Slightly volatile
Operating Cycle87.9797.814477.9848
Very volatile
Price Book Value Ratio2.271.43192.0709
Slightly volatile
Days Of Payables Outstanding42.3644.769837.3559
Pretty Stable
Dividend Payout Ratio0.170.10130.1455
Very volatile
Pretax Profit Margin0.05470.03110.0459
Slightly volatile
Operating Profit Margin0.05720.04430.0494
Slightly volatile
Effective Tax Rate0.330.290.3065
Slightly volatile
Company Equity Multiplier3.063.09642.5999
Slightly volatile
Long Term Debt To Capitalization0.270.48170.341
Slightly volatile
Total Debt To Capitalization0.330.51610.3964
Slightly volatile
Debt Equity Ratio0.591.06640.6861
Slightly volatile
Ebit Per Revenue0.05720.04430.0494
Slightly volatile
Quick Ratio1.021.31041.3019
Pretty Stable
Net Income Per E B T0.540.710.6691
Pretty Stable
Cash Ratio0.150.16310.3554
Slightly volatile
Operating Cash Flow Sales Ratio0.05370.03470.0462
Pretty Stable
Days Of Sales Outstanding65.397.814480.3796
Slightly volatile
Cash Flow Coverage Ratios0.140.15060.4034
Slightly volatile
Price To Book Ratio2.271.43192.0709
Slightly volatile
Fixed Asset Turnover9.046.83298.527
Slightly volatile
Debt Ratio0.210.34440.2469
Slightly volatile
Cash Flow To Debt Ratio0.140.15060.4034
Slightly volatile
Price Sales Ratio0.510.30970.4624
Slightly volatile
Return On Assets0.0580.0330.0471
Very volatile
Asset Turnover1.851.49331.7592
Slightly volatile
Net Profit Margin0.03610.02210.0313
Slightly volatile
Gross Profit Margin0.130.10280.1148
Slightly volatile
Price Fair Value2.271.43192.0709
Slightly volatile
Return On Equity0.180.10210.1263
Very volatile

Primoris Services Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap384.9 M366.6 M377.5 M
Slightly volatile
Enterprise Value18.5 M20.8 M22.6 M
Slightly volatile

Primoris Fundamental Market Drivers

Forward Price Earnings14.43
Cash And Short Term Investments217.8 M

Primoris Upcoming Events

26th of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
26th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Primoris Services Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Primoris Services income statement, its balance sheet, and the statement of cash flows. Primoris Services investors use historical funamental indicators, such as Primoris Services's revenue or net income, to determine how well the company is positioned to perform in the future. Although Primoris Services investors may use each financial statement separately, they are all related. The changes in Primoris Services's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Primoris Services's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Primoris Services Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Primoris Services. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue363.2 M381.3 M
Total Revenue5.7 BB
Cost Of Revenue5.1 B5.4 B
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.06  0.05 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.02)(0.02)
Revenue Per Share 107.24  112.60 
Ebit Per Revenue 0.04  0.06 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Primoris Services in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Primoris Services' short interest history, or implied volatility extrapolated from Primoris Services options trading.

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When determining whether Primoris Services is a strong investment it is important to analyze Primoris Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primoris Services' future performance. For an informed investment choice regarding Primoris Stock, refer to the following important reports:
Check out the analysis of Primoris Services Correlation against competitors.
To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Primoris Services' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
0.24
Earnings Share
2.33
Revenue Per Share
107.235
Quarterly Revenue Growth
0.14
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.