Primoris Services Corporation (PRIM) Stock Price & Analysis
Primoris Services Corporation (PRIM) closed at USD 66.94 on Thursday, October 22, 2026, down 7.88% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 72.67; the Oct 22, 2026 session ranged USD 66.45–71.46 on volume of 2,285,846 shares. Market capitalization is $3.63B, with a 52-week range of USD 65–205.5 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:58 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PRIM.md
Key facts (PRIM)
- Last four reported quarters (through Jun 30, 2026): revenue $7.28B, net income $140M (1.9% margin), free cash flow $88.0M (SEC filings).
- Valuation: P/E 26.0x (avg 20.7x at the last 3 fiscal year-ends), EV/EBITDA 13.4x, net debt $579M.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $6.2M; 2 not under a Rule 10b5-1 plan ($6.2M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.13 on a 1–5 scale) (16 analysts), mean target USD 115.13 (range 85–165).
- Total return with dividends: 1Y -50.7% vs S&P 500 +14.9%; 5Y +153.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.78, revenue estimate $2.00B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PRIM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.50B | $4.42B | $5.72B | $6.37B | $7.57B | $7.28B |
| Gross profit | $417M | $457M | $588M | $703M | $813M | — |
| Operating income | $170M | $195M | $253M | $317M | $412M | $212M |
| Net income | $116M | $133M | $126M | $181M | $275M | $140M |
| EPS (diluted) | $2.17 | $2.47 | $2.33 | $3.31 | $5.02 | — |
| Free cash flow | -$54.1M | -$11.3M | $95.5M | $382M | $341M | $88.0M |
| Gross margin | 11.9% | 10.3% | 10.3% | 11.0% | 10.7% | — |
| Operating margin | 4.9% | 4.4% | 4.4% | 5.0% | 5.4% | 2.9% |
| Net margin | 3.3% | 3.0% | 2.2% | 2.8% | 3.6% | 1.9% |
| Revenue growth | +0.2% | +26.4% | +29.3% | +11.4% | +19.0% | — |
| Cash + short-term investments | $201M | $249M | $218M | $456M | $536M | — |
| Total debt | $661M | $1.14B | $958M | $735M | $470M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PRIM)
P/E 26.0x · P/S 0.5x · EV/EBITDA 13.4x · EV/Sales 0.6x · P/FCF 41.3x · P/B 2.3x · FCF yield 2.42% · Earnings yield 3.84% · Dividend yield (paid, TTM) 0.48% · Net debt $579M · EV $4.21B
P/E at fiscal year-ends: Dec 2025 24.7x, Dec 2024 23.1x, Dec 2023 14.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (PRIM)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-28 | Perisich John M. | CHIEF LEGAL AND ADMIN OFFICER | 29,707 | $3.8M | 18.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-26 | King David Lee | Director | 20,000 | $2.4M | 57.2% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PRIM)
Consensus Buy (mean 2.13 on a 1–5 scale), 16 analysts; mean target USD 115.13 (low 85, high 165).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Cantor Fitzgerald | Reiterated | Neutral | $105 |
| 2026-09-09 | Piper Sandler | Initiated | Neutral | $90 |
| 2026-08-10 | UBS | Target lowered | Buy | $186 → $138 |
| 2026-08-10 | Cantor Fitzgerald | Target raised | Neutral | $100 → $105 |
| 2026-08-06 | Guggenheim | Target lowered | Buy | $162 → $127 |
| 2026-08-05 | Cantor Fitzgerald | Reiterated | Neutral | $100 |
| 2026-07-20 | Roth Capital | Reiterated | Buy | $100 |
| 2026-07-13 | Needham | Target lowered | Buy | $188 → $172 |
| 2026-07-07 | Oppenheimer | Initiated | Outperform | $135 |
| 2026-06-29 | JP Morgan | Upgrade | Neutral → Overweight | $105 → $116 |
| 2026-06-25 | Goldman Sachs | Upgrade | Sell → Neutral | $107 → $102 |
| 2026-06-25 | Cantor Fitzgerald | Target lowered | Neutral | $124 → $100 |
Total return (dividends reinvested) (PRIM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -50.7% | +153.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -50.8% | +20.4% |
| Volatility (annualized) | 94.2% | 48.2% |
| Max drawdown | -67.0% (May 2026→Oct 2026) | -62.8% (Apr 2026→Oct 2026) |
PRIM revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Energy | $999.9M | 59.2% | -19.2% |
| U & D | $712.6M | 42.2% | +2.8% |
| Total revenue | $1.69B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PRIM customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 12.1% of revenue, per the company's 10-K filed Feb 24, 2026. The company does not name it.
PRIM company outlook (results filed Aug 4, 2026)
- “Net income is expected to be between $71.0 million and $101.0 million, or $1.30 and $1.85 per fully diluted share.”
- “Adjusted EBITDA for the full year 2026 is expected to range from $275 million to $325 million. The Company is targeting SG&A expense as a percentage of revenue to be in the low 6% range for the full year 2026.”
- “The Company expects its effective tax rate for 2026 to be approximately 30% to 32.0%, but it may vary depending on the mix of states in which the Company operates. Adjusted EPS and Adjusted EBITDA are non-GAAP financial measures.”
- “The guidance provided above constitutes forward-looking statements, which are based on current economic conditions and estimates, and the Company does not include other potential impacts, such as changes in accounting or unusual items.”
Quoted word-for-word from the SEC 8-K results press release.
PRIM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.78 | $0.75 | +3.9% | $2.00B | 13 |
| Next quarter (ends Dec 2026) | $1.02 | $1.18 | -13.6% | $2.01B | 12 |
| Current fiscal year (ends Dec 2026) | $2.14 | $2.19 | -2.4% | $7.25B | 15 |
| Next fiscal year (ends Dec 2027) | $5.19 | $5.40 | -3.8% | $8.08B | 14 |
PRIM options: expected move
Options price a move of about ±18.2% (±$12.15) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±14.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 80.1% | ±18.2% |
| Dec 18, 2026 | 56 | 68.2% | ±21.7% |
| Mar 19, 2027 | 147 | 64.7% | ±32.9% |
| Jun 17, 2027 | 237 | 64.6% | ±41.4% |
30-day implied volatility 76.8% vs 48.5% realized over the last 30 trading days. Put/call ratio (volume) 0.98. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:58 UTC)
| Price | USD 66.94 |
|---|---|
| Change | ▼ 7.88% (down) |
| Previous Close | USD 72.67 |
| Open | USD 71.34 |
| Day Range | USD 66.45 – 71.46 |
| 52-Week Range | USD 65 – 205.5 |
| Volume | 2,285,846 shares |
| Market Cap | $3.63B |
| Exchange | NYQ |
Technical Analysis (PRIM)
Nexqual's technical model rates PRIM "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:58 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.56 (neutral) |
| vs SMA50 | Below (USD 76.51) |
| MACD | -1.5 (negative) |
Analyst Ratings (PRIM)
Wall Street analysts rate PRIM "Buy" based on 16 analysts, with a mean price target of USD 115.13 (range USD 85–165), per Nexqual as of October 23, 2026 at 09:58 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 115.13 |
| High Target | USD 165 |
| Low Target | USD 85 |
| Buy / Hold / Sell | 11 / 5 / 0 |
Earnings (PRIM)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.78 |
| Revenue Estimate | $2.00B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.27 vs est -0.36 ▲ beat |
| 2026-03-31 | USD 0.59 vs est 0.84 ▼ miss |
| 2025-12-31 | USD 1.08 vs est 0.99 ▲ beat |
| 2025-09-30 | USD 1.88 vs est 1.35 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Financials & Fundamentals (PRIM)
| Total Revenue | $7.28B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -10.70% |
| Gross Margin | +8.62% |
| Operating Margin | -1.56% |
| Profit Margin | +1.92% |
| ROE | +8.89% |
| Debt / Equity | 0.8 |
| Current Ratio | 1.18 |
| Total Cash | $218.20M |
| Total Debt | $1.28B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $88.00M (1.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Financial Health Score (PRIM)
Nexqual rates Primoris Services Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:58 UTC.
| Growth | Strong — Revenue +19% YoY (annual) |
|---|---|
| Profitability | Critical — Gross margin 9%, operating -2% (last 12 months) |
| Balance Sheet | Mixed — $218M cash and investments vs $797M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $88M (last 4 quarters to Jun 2026, SEC), slim 1.2% margin |
| Efficiency | Mixed — ROE 9%, ROA 3.0% |
Ownership (PRIM)
| Insider Ownership | +1.16% |
|---|---|
| Institutional Ownership | +103.91% |
| Shares Outstanding | 54.25M |
| Float | 53.20M |
| Short % of Float | +12.83% |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Leadership (PRIM)
Primoris Services Corporation is led by Koti Vadlamudi, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:58 UTC.
| CEO, President & Director | Koti Vadlamudi |
|---|---|
| Executive VP & CFO | Kenneth M. Dodgen |
| President of Energy | Heath Moncrief |
Major Backers & Investors (PRIM)
Notable institutional backers of Primoris Services Corporation include Wellington Management, First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc, First Trust Advisors LP, according to Nexqual as of October 23, 2026 at 09:58 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 8.69% |
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 6.86% |
| First Trust Advisors LP | 4.15% |
| Millennium Management | 2.77% |
| Southpoint Capital Advisors Lp | 2.6% |
| Morgan Stanley | 2.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.7% |
| Vanguard Group | 10.18% |
| State Street | 3.37% |
| Dimensional Fund Advisors | 2.2% |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
From Primoris Services Corporation's Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Primoris Services Corporation ("Primoris", the "Company", "we", "us", or "our") is a leading provider of critical infrastructure services operating mainly in the United States and Canada.
- In evaluating bid opportunities, we consider such factors as the customer, the geographic location of the work, the availability of labor, our competitive advantage or disadvantage relative to other likely bidders, our current and projected workload, the likelihood of additional work, our history with the client, contract terms, and the project's cost and profitability estimates.
- Changes in climate could result in more accommodating weather patterns for greater periods of time in certain areas, which may enable us to increase our productivity in those areas.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TPC | Tutor Perini Corporation | USD 76.88 | ▼ 4.09% |
| AGX | Argan, Inc. | USD 330.3 | ▼ 4.5% |
| GVA | Granite Construction Incorporat | USD 107.45 | ▼ 2.08% |
| ROAD | Construction Partners, Inc. | USD 83.93 | ▼ 1.19% |
| KBR | KBR, Inc. | USD 39.53 | ▲ 5.95% |
| ECG | Everus Construction Group, Inc. | USD 97.05 | ▼ 8.44% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:58 UTC. This page is informational and not investment advice.
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