Filing Flows

Filing Flows › Industrials › Primoris Services (PRIM)

Primoris Services (PRIM) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Primoris Services (PRIM) Q3 2026 earnings results →

Q3 2026 Revenue down 10% year over year to $2.0B · 3¢ of every $1 of revenue kept as net profit · operating margin 4.9%

Primoris Services made $2.0B in Q3 2026 (-10% Y/Y). Operating margin 4.9%, net earnings $51.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$2.0B
Year over year-10%
Operating margin4.9%
Net earnings$51.3M
Operating cash flow$140M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Primoris Services Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Primoris Services Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $2.0B in Q3 2026, down 10% year over year and up 16% from the previous quarter.

Gross margin was 10.5%, down 0.3 points from Q3 2025. Operating profit was $0.09B, a 4.9% margin (down 1.4 points year over year). Operating expenses grew 11% against a revenue fall of 10%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.05B, down 46% year over year. The effective tax rate was 36.4%.

Operating cash flow was $0.14B (down 23% year over year), 273% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.04B left free cash flow of $0.10B.

Quarterly history

Primoris Services revenue by quarterPrimoris Services revenue by quarter$1.6BQ1 2025$1.9BQ2 2025$2.2BQ3 2025$1.9BQ4 2025$1.6BQ1 2026$1.7BQ2 2026$2.0BQ3 2026
Primoris Services net earnings by quarterPrimoris Services net earnings by quarter$44.2MQ1 2025$84.3MQ2 2025$94.6MQ3 2025$51.7MQ4 2025$17.4MQ1 2026−$24.2MQ2 2026$51.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$2.0B-10%4.9%$51.3M$140M
Q2 202610-QAug 5, 2026$1.7B-11%-1.6%−$24.2M−$8.7M
Q1 202610-QMay 6, 2026$1.6B-5%1.6%$17.4M−$123M
Q4 202510-KFeb 24, 2026$1.9B+7%4.2%$51.7M$143M
Q3 202510-QNov 4, 2025$2.2B+32%6.3%$94.6M$183M
Q2 202510-QAug 5, 2025$1.9B+21%6.7%$84.3M$78.4M
Q1 202510-QMay 6, 2025$1.6B+17%4.3%$44.2M$66.2M

Charts

Primoris Services: revenue growth, year over year and quarter over quarterPrimoris Services: revenue growth, year over year and quarter over quarterY/YQ/Q+17%Q1 2025+21%+15%Q2 2025+32%+15%Q3 2025+7%-15%Q4 2025-5%-16%Q1 2026-11%+8%Q2 2026-10%+16%Q3 2026
Latest (Q3 2026): Y/Y -10%, Q/Q +16%.
Primoris Services: where the cash came from (+) and went (−), TTM to Q3 2026Primoris Services: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$396MCash drawn (+) / kept (−)$228MOther financing$194MOperating cash flow$152MCapital spending−$114MNet borrowing (+) / repaid (−)−$50.2MAsset & business sales$26.5MTaxes on employees’ shares−$22.0MDividends−$17.4MExchange rates−$600K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Primoris Services: profit against cash, quarter by quarterPrimoris Services: profit against cash, quarter by quarterNet incomeOperating cash flow$54.0M$298MQ4 2024$44.2M$66.2MQ1 2025$84.3M$78.4MQ2 2025$94.6M$183MQ3 2025$51.7M$143MQ4 2025$17.4M−$123MQ1 2026−$24.2M−$8.7MQ2 2026$51.3M$140MQ3 2026
Latest (Q3 2026): Net income $51.3M, Operating cash flow $140M.
Primoris Services: diluted shares by fiscal yearPrimoris Services: diluted shares by fiscal year49MFY202053MFY202154MFY202254MFY202355MFY202455MFY2025
+12.7% since FY2020: more shares outstanding (issuance, stock pay).
Primoris Services: long-term debt falling due (FY2025)Primoris Services: long-term debt falling due (FY2025)$60.9M2026$397M2027$7.7M2028$600K2029$100K2030$6.5MLater
Cash $536M, short-term investments —, long-term debt $470M at 2025-12-31.
Primoris Services in its industry: growth against margin (7 companies, SIC 1623)Primoris Services in its industry: growth against margin (7 companies, SIC 1623)revenue growth, year over year →↑ operating marginmedian +30%median 6%MTZDYMYRGITGPLPCESOAPRIM (-10%, 5%)
Water, Sewer, Pipeline, Comm & Power Line Construction; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Power grid & electrification money flowPower grid & electrification · Grid contractors

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Primoris Services

Primoris Services Corporation (“Primoris”, the “Company”, “we”, “us”, or “our”) is a leading provider of critical infrastructure services operating mainly in the United States and Canada. We provide a wide range of construction, maintenance, replacement, and engineering services to a diversified base of customers through our two segments: Utilities and Energy. The structure of our reportable segments is generally focused on broad end-user markets for our services. We have longstanding customer relationships with solar facility developers, power producers, gas and electric utilities, refining, petrochemical, communications, midstream, downstream, and engineering companies, as well as transportation agencies across our core markets. We provide our services to a diversified base of customers, under a range of contracting options.

In its own words, from its 10-K, filed Feb 24, 2026.

Primoris Services against its Water, Sewer, Pipeline, Comm & Power Line Construction peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +30%. Operating margin: 4.9% against the peers' median 5.6%.

CompanyQuarterRevenueY/YOp. margin
PRIM Primoris ServicesQ3 2026$2.0B-10%4.9%
MTZ MastecQ3 2026$5.2B+30%5.3%
DY Dycom IndustriesQ2 FY27$2.0B+46%9.6%
MYRG MYR GroupQ3 2026$1.3B+32%6.8%
ITG ITGQ2 2026$405M+38%5.6%
PLPC Preformed Line ProductsQ3 2026$210M+18%11.9%
ESOA Energy Services of AmericaQ3 FY26$130M+26%3.6%

Source: Primoris Services 10-Q on SEC EDGAR · CIK 1361538 · Water, Sewer, Pipeline, Comm & Power Line Construction

Guidance and outlook

Primoris Services: what its forward-looking statements are about (10-Q filed 2026-11-04)Primoris Services: what its forward-looking statements are about (10-Q filed 2026-11-04)Demand9Other5Costs3Capital spending2Deals1Tax1Backlog1Margins1
23 statements; tone -0.09 (−1 all cautious, +1 all confident); 5 hedged.
Primoris Services: outlook statements against the filing beforePrimoris Services: outlook statements against the filing beforeConfident2Cautious4

13F: who owns PRIM and who is buying

Largest holders of PRIM (13F)Largest holders of PRIM (13F)Vanguard Group$804MBlackRock$678MWellington Management Group LLP$463MVanguard Portfolio Management LLC$310MVanguard Capital Management LLC$233MFirst Trust Advisors LP$222MState Street$180MMillennium Management LLC$148MSouthpoint Capital Advisors LP$139MMorgan Stanley$127M
Funds' net buying of PRIM by quarter (13F)Funds' net buying of PRIM by quarter (13F)$25.6M2024-09−$85.4M2024-12$90.9M2025-03−$57.0M2025-06−$290M2025-09$1.1B2025-12−$440M2026-03−$6.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PRIM

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare PRIM with

中文版：Primoris Services（PRIM）财报

Español · Français