PRIMPrimoris Services Corp
Water, Sewer, Pipeline, Comm & Power Line Construction
- Revenue
- $7.6B
- 19% YoY
- Operating margin
- 5.4%
- 9.0% YoY
- EBITDA
- $503M
- 22% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $579M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear171% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $4.4B | $5.7B | $6.4B | $7.6B | 19% |
| Operating income | $170M | $195M | $253M | $317M | $412M | 30% |
| Net income | $116M | $133M | $126M | $181M | $275M | 52% |
| Operating cash flow | $80M | $83M | $199M | $508M | $470M | 7.5% |
| Capex | $134M | $95M | $103M | $127M | $130M | 2.7% |
| Stock-based comp | $10M | $7M | $12M | $15M | $21M | 36% |
| Buybacks | $15M | $6M | — | — | — | |
| Dividends | $13M | $13M | $13M | $13M | $17M | 34% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $2K
Pay vs performance
No pay-versus-performance disclosure yet.