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Primoris Services Corp (PRIM) Stock Fundamental Analysis & AI Rating 2026

PRIM NYSE Water, Sewer, Pipeline, Comm & Power Line Construction DE CIK: 0001361538
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2025-12-31
BUY
78% Conf
Pending
Analysis scheduled

📊 PRIM Key Takeaways

Revenue: $7.6B
Net Margin: 3.6%
Free Cash Flow: $340.5M
Current Ratio: 1.26x
Debt/Equity: 0.28x
EPS: $5.02
AI Rating: BUY with 78% confidence
Primoris Services Corp (PRIM) receives a BUY rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $7.6B, net profit margin of 3.6%, and return on equity (ROE) of 16.4%, Primoris Services Corp demonstrates strong fundamentals in the Industrial sector. Below is our complete PRIM stock analysis for 2026.

Is Primoris Services Corp (PRIM) a Good Investment?

Claude

Primoris demonstrates strong revenue growth of 19% YoY and exceptional free cash flow generation of $340.5M with a fortress-like balance sheet (0.28x D/E, 43.1x interest coverage). However, flat net income despite robust top-line growth signals margin compression, likely from cost inflation or competitive pricing pressure in infrastructure construction, warranting careful monitoring of profitability recovery.

Why Buy Primoris Services Corp Stock? PRIM Key Strengths

Claude
  • + Strong revenue growth of 19% YoY in infrastructure construction sector with robust FCF generation of $340.5M (4.5% FCF margin)
  • + Very conservative balance sheet with low leverage (0.28x D/E) and exceptional interest coverage (43.1x) providing substantial financial flexibility
  • + Strong returns with ROE of 16.4%, healthy cash position of $535.5M, and operating cash flow of $470.4M exceeding net income

PRIM Stock Risks: Primoris Services Corp Investment Risks

Claude
  • ! Net income flat at 0% growth despite 19% revenue increase indicates significant margin compression and rising operational costs
  • ! Low profitability margins (3.6% net, 5.4% operating, 10.7% gross) leave minimal room for error in capital-intensive construction business
  • ! Tight working capital position with current ratio of 1.26x may constrain growth acceleration or ability to handle project delays

Key Metrics to Watch

Claude
  • * Net margin trend and gross margin sustainability over next quarters
  • * Free cash flow conversion consistency and capital allocation priorities
  • * Operating leverage realization as revenue scales and cost inflation moderates

Primoris Services Corp (PRIM) Financial Metrics & Key Ratios

Revenue
$7.6B
Net Income
$274.9M
EPS (Diluted)
$5.02
Free Cash Flow
$340.5M
Total Assets
$4.4B
Cash Position
$535.5M

💡 AI Analyst Insight

The relatively thin 4.5% FCF margin may limit capital allocation flexibility.

PRIM Profit Margin, ROE & Profitability Analysis

Gross Margin 10.7%
Operating Margin 5.4%
Net Margin 3.6%
ROE 16.4%
ROA 6.2%
FCF Margin 4.5%

PRIM vs Industrial Sector: How Primoris Services Corp Compares

How Primoris Services Corp compares to Industrial sector averages

Net Margin
PRIM 3.6%
vs
Sector Avg 10.0%
PRIM Sector
ROE
PRIM 16.4%
vs
Sector Avg 15.0%
PRIM Sector
Current Ratio
PRIM 1.3x
vs
Sector Avg 1.8x
PRIM Sector
Debt/Equity
PRIM 0.3x
vs
Sector Avg 0.7x
PRIM Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Primoris Services Corp Stock Overvalued? PRIM Valuation Analysis 2026

Based on fundamental analysis, Primoris Services Corp has mixed fundamental signals relative to the Industrial sector in 2026.

Return on Equity
16.4%
Sector avg: 15%
Net Profit Margin
3.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.28x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Primoris Services Corp Balance Sheet: PRIM Debt, Cash & Liquidity

Current Ratio
1.26x
Quick Ratio
1.24x
Debt/Equity
0.28x
Debt/Assets
61.9%
Interest Coverage
43.11x
Long-term Debt
$469.9M

PRIM Revenue & Earnings Growth: 5-Year Financial Trend

PRIM 5-year financial data: Year 2021: Revenue $3.5B, Net Income $82.3M, EPS $1.61. Year 2022: Revenue $4.4B, Net Income $105.0M, EPS $2.16. Year 2023: Revenue $5.7B, Net Income $115.7M, EPS $2.17. Year 2024: Revenue $6.4B, Net Income $133.0M, EPS $2.47. Year 2025: Revenue $7.6B, Net Income $126.1M, EPS $2.33.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Primoris Services Corp's revenue has grown significantly by 117% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.33 reflects profitable operations.

PRIM Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
4.5%
Free cash flow / Revenue

PRIM Quarterly Earnings & Performance

Quarterly financial performance data for Primoris Services Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $1.6B $58.4M $1.07
Q2 2025 $1.6B $49.5M $0.91
Q1 2025 $1.4B $18.9M $0.35
Q3 2024 $1.5B $48.1M $0.89
Q2 2024 $1.4B $39.0M $0.72
Q1 2024 $1.3B $1.3M $0.02
Q3 2023 $1.3B $43.0M $0.80
Q2 2023 $1.0B $39.0M $0.72

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Primoris Services Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$470.4M
Cash generated from operations
Stock Buybacks
$6.0M
Shares repurchased (TTM)
Capital Expenditures
$129.9M
Investment in assets
Dividends Paid
$17.3M
Returned to shareholders

PRIM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Primoris Services Corp (CIK: 0001361538)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 4 xslF345X06/form4-04022026_060401.xml View →
Apr 1, 2026 4 xslF345X06/form4-04012026_060401.xml View →
Mar 20, 2026 DEF 14A prim-20260430xdef14a.htm View →
Mar 17, 2026 8-K prim-20260312x8k.htm View →
Mar 3, 2026 4 xslF345X05/form4-03032026_060308.xml View →

Frequently Asked Questions about PRIM

What is the AI rating for PRIM?

Primoris Services Corp (PRIM) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PRIM's key strengths?

Claude: Strong revenue growth of 19% YoY in infrastructure construction sector with robust FCF generation of $340.5M (4.5% FCF margin). Very conservative balance sheet with low leverage (0.28x D/E) and exceptional interest coverage (43.1x) providing substantial financial flexibility.

What are the risks of investing in PRIM?

Claude: Net income flat at 0% growth despite 19% revenue increase indicates significant margin compression and rising operational costs. Low profitability margins (3.6% net, 5.4% operating, 10.7% gross) leave minimal room for error in capital-intensive construction business.

What is PRIM's revenue and growth?

Primoris Services Corp reported revenue of $7.6B.

Does PRIM pay dividends?

Primoris Services Corp pays dividends, with $17.3M distributed to shareholders in the trailing twelve months.

Where can I find PRIM SEC filings?

Official SEC filings for Primoris Services Corp (CIK: 0001361538) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PRIM's EPS?

Primoris Services Corp has a diluted EPS of $5.02.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is PRIM a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Primoris Services Corp has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is PRIM stock overvalued or undervalued?

Valuation metrics for PRIM: ROE of 16.4% (sector avg: 15%), net margin of 3.6% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

Should I buy PRIM stock in 2026?

Our dual AI analysis gives Primoris Services Corp a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PRIM's free cash flow?

Primoris Services Corp's operating cash flow is $470.4M, with capital expenditures of $129.9M. FCF margin is 4.5%.

How does PRIM compare to other Industrial stocks?

Vs Industrial sector averages: Net margin 3.6% (avg: 10%), ROE 16.4% (avg: 15%), current ratio 1.26 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 14, 2026 | Data as of: 2025-12-31 | Powered by Claude AI