Primoris Services Corporation (PRIM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.56B | 1.86B | 2.18B | 1.89B | 1.65B | 1.74B | 1.65B | 1.56B | 1.41B | 1.52B | 1.53B | 1.41B | 1.26B | 1.33B | 1.28B | 1.02B | 784.38M | 884.45M | 913.25M | 881.61M |
| Revenue Growth % | -5.35% | 6.68% | 32.1% | 20.91% | 16.66% | 14.9% | 7.82% | 10.64% | 12.4% | 14.03% | 19.11% | 38.17% | 60.24% | 50.28% | 40.61% | 16.03% | -4.15% | -1.44% | -3.12% | -2.93% |
| Cost of Goods Sold | 1.43B | 1.68B | 1.94B | 1.66B | 1.48B | 1.56B | 1.45B | 1.38B | 1.28B | 1.36B | 1.36B | 1.26B | 1.16B | 1.18B | 1.13B | 930.84M | 727.9M | 788.43M | 785.81M | 768.58M |
| COGS % of Revenue | 91.36% | 90.58% | 89.18% | 87.74% | 89.65% | 89.4% | 87.96% | 88.06% | 90.56% | 89.67% | 88.63% | 88.87% | 92.07% | 88.46% | 87.94% | 91% | 92.8% | 89.14% | 86.05% | 87.18% |
| Gross Profit | 134.7M | 175M | 235.71M | 231.74M | 170.66M | 184.6M | 198.56M | 186.71M | 133.38M | 156.6M | 173.9M | 157.26M | 99.73M | 153.38M | 154.91M | 92.11M | 56.49M | 96.02M | 127.44M | 113.03M |
| Gross Margin % | 8.64% | 9.42% | 10.82% | 12.26% | 10.35% | 10.6% | 12.04% | 11.94% | 9.44% | 10.33% | 11.37% | 11.13% | 7.93% | 11.54% | 12.06% | 9% | 7.2% | 10.86% | 13.95% | 12.82% |
| Gross Profit Growth % | -21.07% | -5.2% | 18.71% | 24.12% | 27.95% | 17.88% | 14.18% | 18.72% | 33.73% | 2.1% | 12.26% | 70.74% | 76.56% | 59.75% | 21.56% | -18.51% | -29.55% | -1.78% | 3.04% | 11.94% |
| Operating Expenses | 105.8M | 97.4M | 97.69M | 105.09M | 100.29M | 97M | 99.01M | 100.64M | 89.14M | 81.76M | 85.49M | 86.47M | 80.7M | 92.5M | 88.43M | 24.84M | 55.78M | 58.8M | 62.15M | 58.23M |
| OpEx % of Revenue | 6.78% | 5.24% | 4.48% | 5.56% | 6.09% | 5.57% | 6% | 6.44% | 6.31% | 5.39% | 5.59% | 6.12% | 6.42% | 6.96% | 6.89% | 2.43% | 7.11% | 6.65% | 6.81% | 6.6% |
| Selling, General & Admin | 105.8M | 97.4M | 97.69M | 104.55M | 99.5M | 96.54M | 98.11M | 100.12M | 88.59M | 80.75M | 84.4M | 85.57M | 78.01M | 90.67M | 75.72M | 59.73M | 55.45M | 57.23M | 61.71M | 57.75M |
| SG&A % of Revenue | 6.78% | 5.24% | 4.48% | 5.53% | 6.04% | 5.54% | 5.95% | 6.4% | 6.27% | 5.33% | 5.52% | 6.05% | 6.21% | 6.82% | 5.9% | 5.84% | 7.07% | 6.47% | 6.76% | 6.55% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 543K | 792K | 465K | 905K | 522K | 550K | 1000K | 1000K | 898K | 1000K | 1000K | 1000K | -1000K | 323K | 1000K | 447K | 480K |
| Operating Income | 24.4M | 77.6M | 138.02M | 126.64M | 70.36M | 87.59M | 99.55M | 86.07M | 44.24M | 74.84M | 88.41M | 70.8M | 19.03M | 60.89M | 66.48M | 67.26M | 708K | 37.22M | 65.28M | 54.8M |
| Operating Margin % | 1.56% | 4.18% | 6.34% | 6.7% | 4.27% | 5.03% | 6.04% | 5.5% | 3.13% | 4.94% | 5.78% | 5.01% | 1.51% | 4.58% | 5.18% | 6.58% | 0.09% | 4.21% | 7.15% | 6.22% |
| Operating Income Growth % | -65.32% | -11.41% | 38.64% | 47.14% | 59.06% | 17.04% | 12.6% | 21.58% | 132.49% | 22.92% | 32.98% | 5.25% | 2587.57% | 63.6% | 1.83% | 22.75% | -94.49% | -16.18% | -1.95% | 10.6% |
| EBITDA | 24.4M | 101.7M | 161.85M | 149.15M | 91.76M | 110.17M | 122.22M | 111.76M | 68.82M | 100.43M | 115.11M | 97.82M | 46.76M | 90.69M | 95.05M | 87.87M | 20.88M | 63.91M | 92.45M | 81.65M |
| EBITDA Margin % | 1.56% | 5.47% | 7.43% | 7.89% | 5.57% | 6.33% | 7.41% | 7.15% | 4.87% | 6.63% | 7.53% | 6.92% | 3.72% | 6.82% | 7.4% | 8.59% | 2.66% | 7.23% | 10.12% | 9.26% |
| EBITDA Growth % | -73.41% | -7.69% | 32.42% | 33.45% | 33.34% | 9.7% | 6.18% | 14.26% | 47.17% | 10.73% | 21.1% | 11.32% | 123.95% | 41.91% | 2.82% | 7.62% | -44.62% | -6.25% | 5.96% | 16.81% |
| D&A (Non-Cash Add-back) | 0 | 24.1M | 23.83M | 22.5M | 21.4M | 22.57M | 22.67M | 25.69M | 24.58M | 25.59M | 26.7M | 27.02M | 27.73M | 29.81M | 28.57M | 20.61M | 20.17M | 26.69M | 27.16M | 26.85M |
| EBIT | 0 | 78.4M | 138.02M | 126.31M | 70.1M | 88.48M | 100.16M | 86.91M | 44.67M | 74.77M | 88.87M | 71.88M | 20.29M | 64.01M | 65.92M | 67.98M | 583K | 37.31M | 65.46M | 54.71M |
| Net Interest Income | 0 | -6.4M | -6.96M | -7.55M | -7.79M | -12.33M | -17.86M | -17.13M | -17.99M | -21.73M | -21.07M | -16.88M | -18.46M | -18.56M | -13.07M | -4.71M | -2.88M | -4.34M | -4.7M | -4.82M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -4.6M | 6.4M | 6.96M | 7.55M | 7.79M | 12.33M | 17.86M | 17.13M | 17.99M | 21.73M | 21.07M | 16.88M | 18.46M | 18.56M | 13.07M | 4.71M | 2.88M | 4.34M | 4.7M | 4.82M |
| Other Income/Expense | -4.5M | -5.6M | -6.95M | -7.88M | -8.05M | -11.44M | -17.25M | -16.29M | -17.56M | -21.8M | -20.6M | -15.79M | -17.21M | -15.43M | -13.63M | -3.99M | -3M | -4.25M | -4.52M | -4.91M |
| Pretax Income | 19.9M | 72M | 131.07M | 118.76M | 62.31M | 76.15M | 82.31M | 69.78M | 26.68M | 53.04M | 67.81M | 55M | 1.82M | 45.45M | 52.85M | 63.27M | -2.29M | 32.96M | 60.77M | 49.89M |
| Pretax Margin % | 1.28% | 3.88% | 6.02% | 6.28% | 3.78% | 4.37% | 4.99% | 4.46% | 1.89% | 3.5% | 4.43% | 3.89% | 0.14% | 3.42% | 4.12% | 6.19% | -0.29% | 3.73% | 6.65% | 5.66% |
| Income Tax | -2.5M | 20.2M | 36.45M | 34.44M | 18.07M | 22.19M | 23.87M | 20.24M | 7.74M | 15.38M | 19.66M | 15.97M | 510K | 3.95M | 9.81M | 13.12M | -619K | 3.42M | 16.71M | 13.6M |
| Effective Tax Rate % | -12.56% | 28.06% | 27.81% | 29% | 29% | 29.13% | 29% | 29% | 29% | 29% | 29% | 29.03% | 28.02% | 8.7% | 18.56% | 20.74% | 27% | 10.39% | 27.5% | 27.25% |
| Net Income | 17.4M | 51.8M | 94.62M | 84.32M | 44.24M | 53.97M | 58.44M | 49.54M | 18.94M | 37.66M | 48.14M | 39.03M | 1.31M | 41.5M | 43.04M | 50.15M | -1.67M | 29.42M | 44.06M | 36.3M |
| Net Margin % | 1.12% | 2.79% | 4.34% | 4.46% | 2.68% | 3.1% | 3.54% | 3.17% | 1.34% | 2.48% | 3.15% | 2.76% | 0.1% | 3.12% | 3.35% | 4.9% | -0.21% | 3.33% | 4.82% | 4.12% |
| Net Income Growth % | -60.67% | -4.01% | 61.92% | 70.19% | 133.54% | 43.3% | 21.38% | 26.93% | 1346.03% | -9.26% | 11.86% | -22.18% | 178.26% | 41.07% | -2.31% | 38.18% | -128.63% | -7.52% | 0.26% | 10.12% |
| Net Income (Continuing) | 17.4M | 51.72M | 94.62M | 84.32M | 44.24M | 53.97M | 58.44M | 49.54M | 18.94M | 37.66M | 48.14M | 39.03M | 1.31M | 41.5M | 43.04M | 50.15M | -1.67M | 29.54M | 44.06M | 36.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43K | 40K |
| EPS (Diluted) | 0.32 | 0.94 | 1.73 | 1.54 | 0.81 | 0.99 | 1.07 | 0.91 | 0.35 | 0.69 | 0.89 | 0.72 | 0.02 | 0.77 | 0.80 | 0.93 | -0.03 | 0.54 | 0.81 | 0.67 |
| EPS Growth % | -60.49% | -5.05% | 61.68% | 69.23% | 131.43% | 43.48% | 20.22% | 26.39% | 1650% | -10.39% | 11.25% | -22.58% | 166.67% | 42.59% | -1.23% | 38.81% | -125% | -18.18% | -10% | -1.47% |
| EPS (Basic) | 0.32 | 0.96 | 1.75 | 1.56 | 0.82 | 1.00 | 1.09 | 0.92 | 0.35 | 0.71 | 0.90 | 0.73 | 0.02 | 0.78 | 0.81 | 0.94 | -0.03 | 0.55 | 0.82 | 0.68 |
| Diluted Shares Outstanding | 54.8M | 54.8M | 54.8M | 54.8M | 54.7M | 54.66M | 54.67M | 54.65M | 54.41M | 54.38M | 54.35M | 54.32M | 53.94M | 53.71M | 53.75M | 53.85M | 53.24M | 54.17M | 54.37M | 54.28M |
| Basic Shares Outstanding | 54.1M | 54M | 54.02M | 54M | 53.81M | 53.72M | 53.69M | 53.64M | 53.49M | 53.36M | 53.34M | 53.3M | 53.18M | 53.12M | 53.18M | 53.26M | 53.24M | 53.63M | 53.77M | 53.73M |
| Dividend Payout Ratio | - | 8.41% | 4.57% | 5.13% | 9.72% | 5.98% | 5.51% | 6.5% | 16.9% | 8.5% | 6.64% | 8.19% | 243.28% | 7.7% | 7.42% | 6.38% | - | 10.98% | 7.32% | 8.88% |