What is Primoris Services's net debt?

Primoris Services (PRIM) reported net debt of $566.5M in Q1 2026.

How has Primoris Services's net debt changed year-over-year?

Primoris Services's net debt decreased by 19.9% year-over-year, from $707.61M to $566.5M.

What is the long-term trend for Primoris Services's net debt?

Over 5 years (2020 to 2025), Primoris Services's net debt has grown at a 15.7% compound annual growth rate (CAGR), from $200.76M to $415.4M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Primoris Services PRIM Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Liberty GlobalLBTYB

8.1×-1.0×

Mirion TechnologiesMIR

0.4×-2.5×

CleanSparkCLSK

-21.7×—

Other financials

Income statement

See full

Revenue$1.6B-5.4%

Gross profit$134.7M-21.1%

Operating income$24.4M-65.3%

Net income$17.4M-60.6%

EPS (diluted)$0.32-60.5%

Balance sheet

See full

Cash & equivalents$361.5M+2.8%

Total debt$928.0M-12.4%

Total equity$1.7B+16.5%

Total assets$4.2B-0.1%

Cash flow

See full

Operating cash flow-$122.6M-285%

CapEx$27.8M-31.5%

Free cash flow-$150.4M-688%

Valuation

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Market cap$5.5B+151%

Enterprise value$6.06B+119%

P/E22.2×+11.5×

P/S0.7×+0.4×

Profitability

See full

Gross margin10.4%-0.8pp

Operating margin4.9%-0.3pp

Net margin3.3%+0.2pp

FCF margin2.2%-4.6pp

Returns & leverage

See full

Return on equity15.9%+0.6pp

Debt / equity0.6×-0.2×

Current ratio1.3×+0.1×

Where this comes from

Calculated from Primoris Services’s reported figures.

$928.0Mtotal debt−$361.5Mcash and equivalents=$566.5M

The official record: Primoris Services’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Primoris Services's net debt?: Primoris Services (PRIM) reported net debt of $566.5M in Q1 2026.
How has Primoris Services's net debt changed year-over-year?: Primoris Services's net debt decreased by 19.9% year-over-year, from $707.61M to $566.5M.
What is the long-term trend for Primoris Services's net debt?: Over 5 years (2020 to 2025), Primoris Services's net debt has grown at a 15.7% compound annual growth rate (CAGR), from $200.76M to $415.4M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.