Primoris Services Corporation (PRIM) Financials
Key financial figures for Primoris Services Corporation (Q3 2026).
Primoris reported Q3 2026 revenue of $1,952.4M, down 10.4% year over year, and GAAP diluted EPS of $0.95 versus $1.73, while total backlog reached a record $14.1B and full-year 2026 guidance was narrowed to net income of $65.2M to $73.2M. Revenue was $1,952.4M versus $2,178.4M a year earlier (down 10.4%); the release attributes the decline primarily to lower renewables revenue in the Energy segment, partially offset by growth in Utilities. GAAP net income was $51.3M ($0.95 per diluted share) versus $94.6M ($1.73); adjusted net income was $64.9M ($1.20 per diluted share) versus $103.1M ($1.88); Adjusted EBITDA was $134.4M versus $168.7M (down 20.3%). Net interest expense rose to $14.3M from $7.0M. Utilities revenue rose 4.5% to $770.9M with segment operating income of $70.1M versus $55.1M and gross margin of 13.0% versus 11.7%. On the outlook: Full-year 2026 (updated in the Q3 2026 release): net income $65.2M to $73.2M ($1.20 to $1.35 per diluted share), Adjusted EPS $2.10 to $2.25, Adjusted EBITDA $290.0M to $310.0M. The ranges maintained in the Q2 2026 release were net income $71.0M to $101.0M ($1.30 to $1.85 per diluted share), Adjusted EPS $2.05 to $2.60 and Adjusted EBITDA $275M to $325M. Also targeted: SG&A in the low 6.0% range of revenue, gross margins of 10.0% to 12.0% in Utilities and 6.0% to 8.0% in Energy, an effective tax rate of about 33.0%, net interest expense of $43M to $47M, and Q4 capital expenditures of $30.0M to $40.0M. Figures are for Q3 2026, as Primoris Services Corporation reported them.
- Revenue
- $2.0B
- Net Income
- $51M
- EPS
- $0.96
- Total Assets
- $4.6B
- Operating Cash Flow
- $140M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.0B | $51M | $0.95 | 4.86% | $98M |
| Q2 FY2026 | $1.7B | -$24M | -$0.45 | -1.59% | -$31M |
| Q1 FY2026 | $1.6B | $17M | $0.32 | 1.85% | -$150M |
| Q4 FY2025 | $1.9B | $52M | $0.94 | 4.18% | $121M |
| Q3 FY2025 | $2.2B | $95M | $1.73 | 6.34% | $148M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.6B | $275M | $5.02 | 5.46% | $341M |
| FY2024 | $6.4B | $181M | $3.31 | 4.99% | $382M |
| FY2023 | $5.7B | $126M | $2.33 | 4.43% | $96M |
Frequently asked questions
What was Primoris Services Corporation's revenue last quarter?
Primoris Services Corporation reported revenue of $1.95 billion for Q3 FY2026, down 10.4% from the same period a year earlier.
Is Primoris Services Corporation profitable?
Yes. Primoris Services Corporation reported net income of $51.3 million for Q3 FY2026, a net margin of 2.63% on revenue.
How has Primoris Services Corporation's margin trended?
Operating margin was 4.86% in Q3 FY2026, compared with 6.34% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Primoris Services Corporation generate?
Primoris Services Corporation generated free cash flow of $98.1 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Primoris Services Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.