Is the business good?
How good a business is PRIM?
Primoris Services Corporation earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
16%
Return on invested capital · cost of capital 9.0% · 7.3 points above what the capital costs: growth creates value
- Operating margin
- 4.9%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q1 2026
- Cash conversion
- 0.66×
Cash conversion · 2.16× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.18%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 4.7% |
| FY2021 | 4.9% |
| FY2022 | 4.4% |
| FY2023 | 4.4% |
| FY2024 | 5.0% |
| FY2025 | 5.4% |
Details›
- Gross margin12 months to Q1 2026
- 10%
- Operating margin12 months to Q1 2026
- 4.9%
- Net margin12 months to Q1 2026
- 3.3%
- Free cash flow margin
- 2.2%
- Revenue, trailing twelve months
- $7.49B
- Free cash flow, trailing twelve months
- $165M
- Net income, trailing twelve months
- $248M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 16%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #20 of 27 by Smart Score