Filing Flows › Primoris Services (PRIM) › Q3 2025
Primoris Services (PRIM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Primoris Services (PRIM) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), +32% from a year earlier and +15% from the quarter before. Operating margin was 6.3%, net earnings $94.6M (4.3% of revenue).
Primoris Services, Q3 2025: revenue $2.2B (+32% year over year), operating margin 6.3%, net earnings $94.6M, operating cash flow $183M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +15% | +32% |
| Gross profit | $236M | +2% | +19% |
| Operating profit | $137M | +8% | +38% |
| Net earnings | $94.6M | +12% | +62% |
| Operating cash flow | $183M | +133% | -18% |
| Free cash flow | $148M | +228% | -7% |
What changed
Revenue was $2.2B in Q3 2025, up 32% year over year and up 15% from the previous quarter.
Gross margin was 10.8%, down 1.2 points from a year earlier. Operating profit was $0.14B, a 6.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 6% margin then. Operating expenses fell 0% while revenue rose 32%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $0.09B, up 62% year over year. The effective tax rate was 27.8%.
Operating cash flow was $0.18B (down 18% year over year), 193% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.03B left free cash flow of $0.15B.
Questions
What was Primoris Services' revenue in the third quarter 2025?
Primoris Services (PRIM) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), +32% from a year earlier and +15% from the quarter before.
Was Primoris Services profitable in the third quarter 2025?
Operating profit was $137M (6.3% of revenue) and net earnings $94.6M.
Source: Primoris Services 10-Q on SEC EDGAR.