Primoris Historical Income Statement

PRIM Stock

USD 52.68 0.28 0.53%

Historical analysis of Primoris Services income statement accounts such as EBIT of 273.4 M, Ebitda of 385.8 M, Total Operating Expenses of 345.2 M or Income Before Tax of 100.1 M can show how well Primoris Services performed in making a profits. Evaluating Primoris Services income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Primoris Services's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Primoris Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Primoris Services is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

About Primoris Income Statement Analysis

Primoris Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Primoris Services shareholders. The income statement also shows Primoris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Primoris Services Income Statement Chart

Primoris Services Income Statement is one of the three primary financial statements used for reporting Primoris's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Primoris Services revenue and expense. Primoris Services Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Primoris Services' Total Operating Expenses is very stable compared to the past year. As of the 23rd of May 2024, Total Revenue is likely to grow to about 6 B, while Total Other Income Expense Net is likely to drop (3.1 M).

Selling General Administrative Other Operating Expenses Ebitda Total Operating Expenses Income Before Tax Selling And Marketing Expenses

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Primoris Services. It is also known as Primoris Services overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Primoris Services income statement and is an important metric when analyzing Primoris Services profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Primoris Services' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Primoris Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.At this time, Primoris Services' Total Operating Expenses is very stable compared to the past year. As of the 23rd of May 2024, Total Revenue is likely to grow to about 6 B, while Total Other Income Expense Net is likely to drop (3.1 M).

	2021	2022	2023	2024 (projected)
Income Before Tax	151.9M	159.3M	177.7M	100.1M
Total Operating Expenses	230.1M	281.6M	328.7M	345.2M

Income Before Tax Total Operating Expenses

Primoris Services income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Total Revenue	Gross Profit	Cost Of Revenue	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Non Recurring	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.9	0.93	0.89	0.9	0.86	0.89	0.5	-0.23	0.53	0.32	0.46	0.95	0.92	0.95	-0.88	0.62	-0.3	-0.29	0.62	-0.99	0.31	0.61	0.82	-0.67
Selling General Administrative	0.9		0.99	0.94	0.96	0.97	1.0	0.72	-0.43	0.74	0.46	0.74	0.98	0.99	0.98	-0.69	0.71	-0.31	-0.24	0.67	-0.86	0.37	0.71	0.86	-0.77
Other Operating Expenses	0.93	0.99		0.96	0.97	0.98	0.99	0.72	-0.43	0.74	0.47	0.71	1.0	0.99	1.0	-0.73	0.73	-0.32	-0.25	0.7	-0.9	0.38	0.68	0.87	-0.8
Operating Income	0.89	0.94	0.96		0.99	0.97	0.94	0.81	-0.4	0.8	0.61	0.66	0.96	0.98	0.96	-0.7	0.79	-0.3	-0.21	0.72	-0.87	0.34	0.65	0.85	-0.77
Ebit	0.9	0.96	0.97	0.99		0.99	0.95	0.79	-0.4	0.79	0.57	0.67	0.97	0.99	0.97	-0.71	0.78	-0.3	-0.17	0.72	-0.87	0.39	0.67	0.86	-0.79
Ebitda	0.86	0.97	0.98	0.97	0.99		0.97	0.79	-0.44	0.8	0.56	0.78	0.97	0.99	0.97	-0.66	0.76	-0.32	-0.18	0.74	-0.83	0.41	0.69	0.87	-0.82
Total Operating Expenses	0.89	1.0	0.99	0.94	0.95	0.97		0.73	-0.44	0.75	0.46	0.75	0.98	0.98	0.98	-0.67	0.72	-0.31	-0.24	0.67	-0.85	0.37	0.71	0.86	-0.77
Income Before Tax	0.5	0.72	0.72	0.81	0.79	0.79	0.73		-0.52	0.98	0.79	0.77	0.7	0.75	0.69	-0.17	0.85	-0.19	-0.07	0.66	-0.5	0.24	0.64	0.71	-0.68
Total Other Income Expense Net	-0.23	-0.43	-0.43	-0.4	-0.4	-0.44	-0.44	-0.52		-0.64	-0.03	-0.54	-0.43	-0.42	-0.43	-0.12	-0.65	0.51	0.11	-0.38	0.23	-0.34	-0.39	-0.59	0.77
Net Income	0.53	0.74	0.74	0.8	0.79	0.8	0.75	0.98	-0.64		0.66	0.79	0.73	0.77	0.72	-0.16	0.91	-0.2	-0.13	0.68	-0.52	0.25	0.72	0.78	-0.75
Income Tax Expense	0.32	0.46	0.47	0.61	0.57	0.56	0.46	0.79	-0.03	0.66		0.51	0.43	0.49	0.43	-0.18	0.43	-0.14	-0.1	0.49	-0.31	-0.03	0.2	0.34	-0.27
Depreciation And Amortization	0.46	0.74	0.71	0.66	0.67	0.78	0.75	0.77	-0.54	0.79	0.51		0.68	0.71	0.68	-0.14	0.65	-0.3	-0.13	0.69	-0.42	0.34	0.66	0.75	-0.73
Total Revenue	0.95	0.98	1.0	0.96	0.97	0.97	0.98	0.7	-0.43	0.73	0.43	0.68		0.99	1.0	-0.75	0.75	-0.31	-0.26	0.72	-0.92	0.38	0.69	0.89	-0.81
Gross Profit	0.92	0.99	0.99	0.98	0.99	0.99	0.98	0.75	-0.42	0.77	0.49	0.71	0.99		0.99	-0.73	0.77	-0.3	-0.23	0.73	-0.89	0.38	0.71	0.89	-0.8
Cost Of Revenue	0.95	0.98	1.0	0.96	0.97	0.97	0.98	0.69	-0.43	0.72	0.43	0.68	1.0	0.99		-0.75	0.74	-0.31	-0.26	0.72	-0.92	0.38	0.69	0.89	-0.81
Selling And Marketing Expenses	-0.88	-0.69	-0.73	-0.7	-0.71	-0.66	-0.67	-0.17	-0.12	-0.16	-0.18	-0.14	-0.75	-0.73	-0.75		-0.28	0.18	0.26	-0.43	0.86	-0.22	-0.32	-0.54	0.39
Net Income From Continuing Ops	0.62	0.71	0.73	0.79	0.78	0.76	0.72	0.85	-0.65	0.91	0.43	0.65	0.75	0.77	0.74	-0.28		-0.14	-0.12	0.73	-0.64	0.31	0.78	0.86	-0.82
Non Operating Income Net Other	-0.3	-0.31	-0.32	-0.3	-0.3	-0.32	-0.31	-0.19	0.51	-0.2	-0.14	-0.3	-0.31	-0.3	-0.31	0.18	-0.14		0.21	-0.2	0.3	-0.11	0.03	-0.4	0.43
Minority Interest	-0.29	-0.24	-0.25	-0.21	-0.17	-0.18	-0.24	-0.07	0.11	-0.13	-0.1	-0.13	-0.26	-0.23	-0.26	0.26	-0.12	0.21		-0.31	0.32	0.65	0.07	-0.32	0.06
Tax Provision	0.62	0.67	0.7	0.72	0.72	0.74	0.67	0.66	-0.38	0.68	0.49	0.69	0.72	0.73	0.72	-0.43	0.73	-0.2	-0.31		-0.61	0.25	0.47	0.76	-0.77
Net Interest Income	-0.99	-0.86	-0.9	-0.87	-0.87	-0.83	-0.85	-0.5	0.23	-0.52	-0.31	-0.42	-0.92	-0.89	-0.92	0.86	-0.64	0.3	0.32	-0.61		-0.25	-0.6	-0.82	0.65
Interest Income	0.31	0.37	0.38	0.34	0.39	0.41	0.37	0.24	-0.34	0.25	-0.03	0.34	0.38	0.38	0.38	-0.22	0.31	-0.11	0.65	0.25	-0.25		0.41	0.31	-0.61
Non Recurring	0.61	0.71	0.68	0.65	0.67	0.69	0.71	0.64	-0.39	0.72	0.2	0.66	0.69	0.71	0.69	-0.32	0.78	0.03	0.07	0.47	-0.6	0.41		0.78	-0.63
Reconciled Depreciation	0.82	0.86	0.87	0.85	0.86	0.87	0.86	0.71	-0.59	0.78	0.34	0.75	0.89	0.89	0.89	-0.54	0.86	-0.4	-0.32	0.76	-0.82	0.31	0.78		-0.87
Extraordinary Items	-0.67	-0.77	-0.8	-0.77	-0.79	-0.82	-0.77	-0.68	0.77	-0.75	-0.27	-0.73	-0.81	-0.8	-0.81	0.39	-0.82	0.43	0.06	-0.77	0.65	-0.61	-0.63	-0.87

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Primoris Services Account Relationship Matchups

Primoris Services income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	20.1M	20.3M	18.5M	39.2M	78.2M	82.1M
Selling General Administrative	190.1M	202.8M	230.1M	281.6M	338.7M	355.6M
Other Operating Expenses	3.0B	3.3B	3.3B	4.2B	5.5B	5.7B
Operating Income	140.9M	163.9M	170.2M	195.3M	253.1M	265.7M
Ebit	140.9M	163.9M	170.2M	195.3M	260.4M	273.4M
Ebitda	224.1M	251.5M	292.4M	276.5M	367.4M	385.8M
Total Operating Expenses	190.1M	202.8M	230.1M	281.6M	328.7M	345.2M
Income Before Tax	117.9M	145.6M	151.9M	159.3M	177.7M	100.1M
Total Other Income Expense Net	(23.0M)	(18.3M)	(18.3M)	(36.1M)	(2.9M)	(3.1M)
Net Income	82.3M	105.0M	115.7M	133.0M	126.1M	68.5M
Income Tax Expense	33.8M	40.7M	36.1M	26.3M	51.5M	29.9M
Depreciation And Amortization	83.2M	87.5M	122.3M	81.2M	107.0M	63.6M
Total Revenue	3.1B	3.5B	3.5B	4.4B	5.7B	6.0B
Gross Profit	330.9M	370.2M	416.7M	456.9M	587.5M	616.9M
Cost Of Revenue	2.8B	3.1B	3.1B	4.0B	5.1B	5.4B
Net Income From Continuing Ops	84.1M	105.0M	115.7M	133.0M	130.0M	89.0M
Non Operating Income Net Other	1.6M	(2.9M)	2.0M	204K	183.6K	174.4K
Net Income Applicable To Common Shares	82.3M	105.0M	115.6M	133.0M	153.0M	82.3M
Minority Interest	10.1M	1.8M	9K	(128K)	(115.2K)	(109.4K)
Tax Provision	33.8M	40.7M	36.1M	26.3M	40.1M	33.8M
Net Interest Income	(19.1M)	(19.9M)	(18.5M)	(39.2M)	(75.0M)	(71.2M)
Interest Income	587K	1.8M	955K	376K	432.4K	840.4K
Reconciled Depreciation	85.4M	82.5M	105.6M	99.2M	111.3M	98.9M

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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:

How To Invest In Primoris

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Is Primoris Stock a good investment?

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What is Primoris Services' Net Worth?

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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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When running Primoris Services' price analysis, check to measure Primoris Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primoris Services is operating at the current time. Most of Primoris Services' value examination focuses on studying past and present price action to predict the probability of Primoris Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primoris Services' price. Additionally, you may evaluate how the addition of Primoris Services to your portfolios can decrease your overall portfolio volatility.

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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

16.5

Dividend Share

0.24

Earnings Share

2.66

Revenue Per Share

110.001

Quarterly Revenue Growth

0.124

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.

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Primoris Historical Income Statement

About Primoris Income Statement Analysis

Primoris Services Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Income Before Tax

Primoris Services income statement Correlations

Primoris Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primoris Services income statement Accounts

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COMMON DESTINATIONS

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Total Operating Expenses	+ 1.0	Selling General Administrative
Total Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 1.0	Total Revenue
Other Operating Expenses	+ 0.99	Selling General Administrative
Gross Profit	+ 0.99	Selling General Administrative

Net Interest Income	- 0.99	Interest Expense
Net Interest Income	- 0.92	Cost Of Revenue
Net Interest Income	- 0.92	Total Revenue
Net Interest Income	- 0.9	Other Operating Expenses
Net Interest Income	- 0.89	Gross Profit
Selling And Marketing Expenses	- 0.88	Interest Expense