The financials
Primoris Services Corporation by the numbers
Primoris Services Corporation (PRIM) reported revenue of $1.56B in Q1 2026 (quarter ended March 31, 2026), down 5.4% from the same quarter a year earlier. That came with a gross margin of 8.6% and net income of $17M (1.1% of revenue). For the full year FY2025, revenue was $7.57B (+19% year on year) and net income $275M. Its largest segment in 2026-Q2 was U And D at $584M, 81% of the disclosed total, just ahead of Energy at 19%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.56B | $1.65B | −5.4% |
| Gross profit | $135M | $171M | −21% |
| Operating income | $24M | $70M | −65% |
| Net income | $17M | $44M | −61% |
| Diluted EPS | $0.32 | $0.81 | −60% |
| Operating | Revenue | Share |
|---|---|---|
| U And D | $584M | 81% |
| Energy | $137M | 19% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $720.6M (+29%)
Energy grew +115% year on yearU And D +8.2% year on year
Segment Latestquarter on quarteryear on year
- U And D$583.5M$583.5MQoQ +23%year on year +8.2%+23%+8.2%
- Energy$137.1M$137.1MQoQ +59%year on year +115%+59%+115%
Engineering & Construction
Ranks #20 of 27 by Smart Score