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Primoris Services PRIM Q4 2024 Annual earnings

Reported February 24, 2025 · After market close

Revenue$1.7BBeat by $151.5M
EPS$1.13Beat by $0.37
Revenue estimate$1.6B
EPS estimate$0.76

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$1.7B
EPS estimate-$0.35

Financials

Q4 2024

Income statement

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Revenue$1.7B+14.9%
Gross profit$184.6M+17.9%
Operating income$87.5M+16.9%
Net income$54.0M+43.4%
EPS (diluted)$0.99+43.5%

Balance sheet

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Cash & equivalents$455.8M+109%
Total debt$1.2B-9.7%
Total equity$1.4B+14.0%
Total assets$4.2B+9.6%

Cash flow

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Operating cash flow$298.2M+45.0%
CapEx$28.2M+37.4%
Free cash flow$270.1M+45.9%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$4.1B+132%
Enterprise value$4.84B+68.4%
P/E22.7×+8.6×
P/S0.6×+0.3×

Profitability

See full
Gross margin11%+0.8pp
Operating margin5%+0.6pp
Net margin2.8%+0.6pp
FCF margin6%

Returns & leverage

See full
Return on equity13.7%+2.9pp
Debt / equity0.8×-0.2×
Current ratio1.3×-0.1×

Segments

By segment

See full
Energy$1.1B+15.5%
U And D$664.0M+15.2%

Versus estimates

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Questions, answered.

When did Primoris Services report Q4 2024 earnings?
Primoris Services (PRIM) reported Q4 2024 earnings on February 24, 2025 after market close.
What were Primoris Services's Q4 2024 revenue and EPS?
Primoris Services reported revenue of $1.7B and eps of $1.13 for Q4 2024.
Did Primoris Services beat estimates in Q4 2024?
Revenue beat the consensus estimate of $1.6B by $151.5M. EPS beat the consensus estimate of $0.76 by $0.37.
Where can I find Primoris Services's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001558370-25-001397) directly on SEC EDGAR. The filing index links above go to sec.gov.