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Primoris Services Corporation (PRIM)




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Upturn Advisory Summary
08/28/2025: PRIM (4-star) is a STRONG-BUY. BUY since 79 days. Profits (79.40%). Updated daily EoD!
1 Year Target Price $125
1 Year Target Price $125
7 | Strong Buy |
3 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 289.95% | Avg. Invested days 78 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.46B USD | Price to earnings Ratio 27.17 | 1Y Target Price 125 |
Price to earnings Ratio 27.17 | 1Y Target Price 125 | ||
Volume (30-day avg) 11 | Beta 1.45 | 52 Weeks Range 48.12 - 120.25 | Updated Date 08/28/2025 |
52 Weeks Range 48.12 - 120.25 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 0.26% | Basic EPS (TTM) 4.4 |
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 2025-08-04 | When After Market | Estimate 1.08 | Actual 1.68 |
Profitability
Profit Margin 3.48% | Operating Margin (TTM) 6.73% |
Management Effectiveness
Return on Assets (TTM) 5.63% | Return on Equity (TTM) 17.01% |
Valuation
Trailing PE 27.17 | Forward PE 23.04 | Enterprise Value 7020166564 | Price to Sales(TTM) 0.93 |
Enterprise Value 7020166564 | Price to Sales(TTM) 0.93 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 14.8 | Shares Outstanding 54012800 | Shares Floating 53522890 |
Shares Outstanding 54012800 | Shares Floating 53522890 | ||
Percent Insiders 1.18 | Percent Institutions 99.32 |
Upturn AI SWOT
Primoris Services Corporation

Company Overview
History and Background
Primoris Services Corporation was founded in 1946 as ARB, Inc. and later became Primoris Services Corporation. The company has evolved from a regional construction firm to a national specialty contractor providing a wide range of construction, fabrication, maintenance, and engineering services.
Core Business Areas
- Utilities: Focuses on infrastructure development, including pipeline construction, maintenance, and integrity services for natural gas, petroleum, and water systems. Also includes trenchless technologies.
- Energy/Renewables: Provides services for the construction and maintenance of renewable energy facilities (solar, wind), power generation plants, and industrial facilities. Includes engineering, procurement, and construction (EPC) services.
- Industrial: Offers a range of industrial construction, maintenance, and turnaround services for refineries, chemical plants, and other industrial facilities. Includes scaffolding, insulation, and painting services.
Leadership and Structure
Tom McCormick is the President and CEO. The company operates with a decentralized structure, with various business units focusing on specific sectors.
Top Products and Market Share
Key Offerings
- Pipeline Construction and Maintenance: Construction, maintenance, and repair services for oil, gas, and water pipelines. Market share varies regionally, but Primoris is a significant player in key areas. Competitors: MasTec, Quanta Services, and other regional players. No specific revenue data available.
- Renewable Energy Construction: EPC services for solar and wind energy projects. Market share is growing with the increasing demand for renewable energy. Competitors: Bechtel, Fluor, Black & Veatch. No specific revenue data available.
- Industrial Turnarounds and Maintenance: Maintenance, repair, and turnaround services for refineries and chemical plants. Competitors: Day & Zimmermann, BrandSafway. No specific revenue data available.
Market Dynamics
Industry Overview
The construction and infrastructure services industry is experiencing growth due to increasing infrastructure needs, rising energy demand, and the transition to renewable energy sources. Highly competitive with a mix of large national and regional players.
Positioning
Primoris is positioned as a diversified specialty contractor with a strong presence in key infrastructure sectors. Its competitive advantages include its technical expertise, diverse service offerings, and strong customer relationships.
Total Addressable Market (TAM)
The TAM for Primoris's services is estimated to be in the hundreds of billions of dollars annually, encompassing infrastructure, energy, and industrial construction and maintenance. Primoris is well-positioned to capture a growing share of this market.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Strong reputation in key sectors
- Experienced management team
- Geographic reach across the U.S.
- Strong backlog
Weaknesses
- Project execution risks
- Reliance on specific industries (energy)
- Exposure to commodity price fluctuations
- Highly competitive industry
- Skilled labor shortages
Opportunities
- Growing demand for renewable energy infrastructure
- Increasing infrastructure spending by the government
- Expansion into new geographic markets
- Acquisition of complementary businesses
- Digital transformation and technology adoption
Threats
- Economic downturn
- Fluctuations in energy prices
- Increased competition
- Changes in government regulations
- Rising material costs
Competitors and Market Share
Key Competitors
- MASC
- PWR
- EMCOR
Competitive Landscape
Primoris competes with a mix of large national and regional construction and engineering firms. Its competitive advantages include its diversified service offerings and strong reputation in key sectors. Disadvantages includes execution risks.
Major Acquisitions
Future Infrastructure
- Year: 2021
- Acquisition Price (USD millions): 680
- Strategic Rationale: Expanded Primoris's capabilities in the utilities sector.
Growth Trajectory and Initiatives
Historical Growth: Primoris has experienced revenue growth in recent years, driven by strong demand in its key end markets.
Future Projections: Analyst estimates project continued revenue growth for Primoris, driven by infrastructure spending and the energy transition.
Recent Initiatives: Primoris has been focused on expanding its renewable energy capabilities and diversifying its service offerings.
Summary
Primoris Services Corporation is a diversified specialty contractor with a strong presence in the infrastructure, energy, and industrial sectors. The company's diversified service offerings and strong backlog provide a solid foundation for future growth. However, Primoris faces execution risks and competition in a fragmented industry and exposure to commodity price risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may vary. Financial data may not be real-time and is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Primoris Services Corporation
Exchange NYSE | Headquaters Dallas, TX, United States | ||
IPO Launch date 2008-08-06 | CEO, Interim President & Chairman Mr. David L. King | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 15716 | Website https://www.prim.com |
Full time employees 15716 | Website https://www.prim.com |
Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments, Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The company also offers replacement and fabrication services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

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