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Primoris Services Corporation(PRIM)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$73.76
10/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for PRIM

10/28/2026: PRIM (3-star) is currently NOT-A-BUY. Pass it for now.

Primoris Services Corporation is a US-listed infrastructure construction company specializing in the energy, utility, and renewable sectors. The company has a leading position in providing specialized, mission-critical engineering services, which has been bolstered by its strategic shift toward high-growth renewable energy projects. A primary growth opportunity lies in the ongoing national trend toward power grid modernization and the transition to renewable energy. However, investors must monitor execution risks, as project-based revenue can lead to earnings volatility and competitive pressures are high. The stock may suit growth-oriented investors, though potential shareholders should consider the cyclical nature of infrastructure spending and project-related risks before investing.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is a major beneficiary of long-term energy transition and grid infrastructure spending trends.
Momentum investorMixed fitThe stock can experience cyclical fluctuations based on project awards and broader energy sector sentiment.
Value investorMixed fitValuation is often tied to construction cycles and project execution risk rather than purely asset-based metrics.
Dividend investorWeak fitWhile dividends are paid, the company prioritizes capital for reinvestment and M&A over significant yield growth.
Low-risk investorWeak fitProject-based construction businesses carry inherent execution and operational risks that increase volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highConstruction stocks are sensitive to interest rates and government spending cycles.
Valuation riskMediumInvestors should monitor if the premium for renewable exposure is justified by earnings growth.
Competition risk (Infrastructure construction)HighLarge competitors like PWR and MTZ have scale advantages in bidding for mega-projects.
Business qualityMediumThe company provides essential services but operates in a low-margin, high-execution-risk environment.
Dividend incomeLowThe current yield is not the primary driver of total return for this stock.
Execution riskHighOperational delays or cost overruns on major projects can significantly impact profitability.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 103.26%
Avg. Invested days 59
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PRIM receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
PRIM has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+52.0%) and solid revenue growth (+19.0%) are partially offset by soft cash generation (FCF margin 4.5%), soft profitability (net margin 3.6%), modest insider ownership of 1.16%.

Financial Health Rating

★★★★★
PRIM's financial health is supported by solid cash strength, including free-cash-flow generation (4.5% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is PRIM's strongest growth driver at +52.0% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+19.0%, solid) is also solid, while free-cash-flow growth (-10.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 103.3% and approximately 98.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.16% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 12.70%
Wellington Management Company LLP 8.69%
Vanguard Portfolio Management, LLC 5.80%
Vanguard Capital Management, LLC 4.38%
First Trust Advisors L.P. 4.15%

Unit Economics (Per $1K Revenue)

★★★★★
PRIM generates approximately $107 of gross profit, $55 of operating income, and $45 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 2-star rating, with moderate cash conversion and moderate capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 28.41%

Quantitative Style Profile

★★★★★
PRIM has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.75B USD
Price to earnings Ratio 27
1Y Target Price 115.13
Price to earnings Ratio 27
1Y Target Price 115.13
Volume (30-day avg) 1.5M shares
Beta 1.44
52 Weeks Range 62.41 - 205.11
Updated Date 10/28/2026
52 Weeks Range 62.41 - 205.11
Updated Date 10/28/2026
Dividends yield (FY) 0.48%
Basic EPS (TTM) 2.56

How Company Makes Money

Business areaWhat it includesRetail investor read
Energy SegmentConstruction for solar, wind, and battery storage projects.The company earns revenue by building the physical infrastructure needed for the transition to renewable energy.
Utilities SegmentMaintenance and installation of gas, electric, and water networks.Steady revenue generated from recurring maintenance and repair contracts with utility providers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-11-03
When After Market
Estimate 0.71
Actual -

Profitability

Profit Margin 1.92%
Operating Margin (TTM) -1.56%

Management Effectiveness

Return on Assets (TTM) 2.99%
Return on Equity (TTM) 8.89%

Valuation

Trailing PE 27
Forward PE 11.72
Enterprise Value 4.64B
Price to Sales(TTM) 0.51
Enterprise Value 4.64B
Price to Sales(TTM) 0.51
Enterprise Value to Revenue 0.64
Enterprise Value to EBITDA 14.63
Shares Outstanding 54.25M
Shares Floating 53.20M
Shares Outstanding 54.25M
Shares Floating 53.20M
Percent Insiders 1.16
Percent Institutions 103.3

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.