PRIM
Income statement / Annual
Last year (2023), Primoris Services Corporation's total revenue was $5.72 B,
an increase of 29.29% from the previous year.
In 2023, Primoris Services Corporation's net income was $126.15 M.
See Primoris Services Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$5.72 B
|
$4.42 B
|
$3.50 B
|
$3.49 B
|
$3.11 B
|
$2.94 B
|
$2.38 B
|
$2.00 B
|
$1.93 B
|
$2.09 B
|
| Cost of Revenue |
$5.13 B |
$3.96 B |
$3.08 B |
$3.12 B |
$2.78 B |
$2.61 B |
$2.10 B |
$1.80 B |
$1.71 B |
$1.85 B |
| Gross Profit |
$587.49 M |
$456.89 M |
$416.66 M |
$370.21 M |
$330.93 M |
$325.74 M |
$278.43 M |
$201.31 M |
$219.87 M |
$236.04 M |
| Gross Profit Ratio |
0.1 |
0.1 |
0.12 |
0.11 |
0.11 |
0.11 |
0.12 |
0.1 |
0.11 |
0.11 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$182.01 M
|
$172.15 M
|
$140.84 M
|
$152.10 M
|
$132.25 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$328.73 M
|
$281.58 M
|
$230.11 M
|
$202.84 M
|
$190.05 M
|
$182.01 M
|
$172.15 M
|
$140.84 M
|
$152.10 M
|
$132.25 M
|
| Other Expenses |
$0.00 |
$2.07 M |
$299,000.00 |
$1.23 M |
-$3.13 M |
-$808,000.00 |
$484,000.00 |
-$315,000.00 |
$1.72 M |
-$757,000.00 |
| Operating Expenses |
$328.73 M |
$281.58 M |
$230.11 M |
$202.84 M |
$190.05 M |
$182.01 M |
$172.15 M |
$140.84 M |
$152.10 M |
$132.25 M |
| Cost And Expenses |
$5.46 B |
$4.25 B |
$3.31 B |
$3.32 B |
$2.97 B |
$2.80 B |
$2.27 B |
$1.94 B |
$1.86 B |
$1.98 B |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$376,000.00 |
$955,000.00 |
$1.75 M |
$587,000.00 |
$149,000.00 |
$56,000.00 |
$88,000.00 |
| Interest Expense |
$78.17 M |
$39.21 M |
$18.50 M |
$20.30 M |
$20.10 M |
$18.75 M |
$8.15 M |
$8.91 M |
$7.69 M |
$6.43 M |
| Depreciation &
Amortization |
$107.04 M
|
$99.16 M
|
$105.56 M
|
$82.50 M
|
$85.40 M
|
$79.25 M
|
$66.30 M
|
$68.03 M
|
$65.20 M
|
$58.42 M
|
| EBITDA |
$362.88 M
|
$301.73 M
|
$276.75 M
|
$242.23 M
|
$218.81 M
|
$208.22 M
|
$179.73 M
|
$125.82 M
|
$133.99 M
|
$167.18 M
|
| EBITDA Ratio |
0.06 |
0.06 |
0.08 |
0.07 |
0.07 |
0.08 |
0.07 |
0.06 |
0.07 |
0.08 |
| Operating Income Ratio
|
0.04
|
0.04
|
0.05
|
0.05
|
0.05
|
0.04
|
0.04
|
0.03
|
0.04
|
0.05
|
| Total Other
Income/Expenses Net |
-$75.40 M
|
-$36.05 M
|
-$18.29 M
|
-$18.31 M
|
-$22.97 M
|
-$17.11 M
|
-$1.01 M
|
-$8.88 M
|
-$6.67 M
|
-$1.46 M
|
| Income Before Tax |
$177.67 M |
$159.29 M |
$151.86 M |
$145.64 M |
$117.91 M |
$113.36 M |
$105.28 M |
$48.87 M |
$61.10 M |
$102.33 M |
| Income Before Tax Ratio
|
0.03
|
0.04
|
0.04
|
0.04
|
0.04
|
0.04
|
0.04
|
0.02
|
0.03
|
0.05
|
| Income Tax Expense |
$51.52 M |
$26.27 M |
$36.12 M |
$40.66 M |
$33.81 M |
$25.77 M |
$28.43 M |
$21.15 M |
$23.95 M |
$38.65 M |
| Net Income |
$126.15 M |
$133.02 M |
$115.74 M |
$104.98 M |
$82.33 M |
$77.46 M |
$72.35 M |
$26.72 M |
$36.87 M |
$63.16 M |
| Net Income Ratio |
0.02 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.01 |
0.02 |
0.03 |
| EPS |
2.37 |
2.5 |
2.19 |
2.17 |
1.62 |
1.51 |
1.41 |
0.52 |
0.71 |
1.22 |
| EPS Diluted |
2.33 |
2.47 |
2.17 |
2.16 |
1.61 |
1.5 |
1.4 |
0.51 |
0.71 |
1.22 |
| Weighted Average Shares
Out |
$53.30 M
|
$53.20 M
|
$52.67 M
|
$48.30 M
|
$50.78 M
|
$51.35 M
|
$51.48 M
|
$51.76 M
|
$51.65 M
|
$51.61 M
|
| Weighted Average Shares
Out Diluted |
$54.22 M
|
$53.76 M
|
$53.16 M
|
$48.63 M
|
$51.08 M
|
$51.67 M
|
$51.74 M
|
$51.99 M
|
$51.80 M
|
$51.75 M
|
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