Filing Flows › Primoris Services (PRIM) › Q2 2025
Primoris Services (PRIM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Primoris Services (PRIM) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +15% from the quarter before. Operating margin was 6.7%, net earnings $84.3M (4.5% of revenue).
Primoris Services, Q2 2025: revenue $1.9B (+21% year over year), operating margin 6.7%, net earnings $84.3M, operating cash flow $78.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +15% | +21% |
| Gross profit | $232M | +36% | +24% |
| Operating profit | $127M | +80% | +47% |
| Net earnings | $84.3M | +91% | +70% |
| Operating cash flow | $78.4M | +18% | +388% |
| Free cash flow | $45.3M | +77% | — |
What changed
Revenue was $1.9B in Q2 2025, up 21% year over year and up 15% from the previous quarter.
Gross margin was 12.3%, up 0.3 points from a year earlier. Operating profit was $0.13B, a 6.7% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 6% margin then. Operating expenses grew 4% against revenue growth of 21%. Net earnings were $0.08B, up 70% year over year. The effective tax rate was 29.0%.
Operating cash flow was $0.08B (up 388% year over year), 93% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.03B left free cash flow of $0.05B.
Questions
What was Primoris Services' revenue in the second quarter 2025?
Primoris Services (PRIM) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +15% from the quarter before.
Was Primoris Services profitable in the second quarter 2025?
Operating profit was $127M (6.7% of revenue) and net earnings $84.3M.
Source: Primoris Services 10-Q on SEC EDGAR.