Primoris Services Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.57B | $6.37B | $5.72B | $4.42B | $3.50B | $3.49B | $3.11B | $2.94B |
| Cost of Revenue | $6.76B | $5.66B | $5.13B | $3.96B | $3.08B | $3.12B | $2.78B | $2.61B |
| Gross Profit | $813.1M | $703.2M | $587.5M | $456.9M | $416.7M | $370.2M | $330.9M | $325.7M |
| Gross Margin | 10.7% | 11.0% | 10.3% | 10.3% | 11.9% | 10.6% | 10.7% | 11.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $399.2M | $383.3M | $328.7M | $281.6M | $230.1M | $202.8M | $189.1M | $182.0M |
| Operating Income | $411.5M | $317.4M | $253.1M | $195.3M | $170.2M | $163.9M | $140.9M | $130.5M |
| Operating Margin | 5.4% | 5.0% | 4.4% | 4.4% | 4.9% | 4.7% | 4.5% | 4.4% |
| Interest Expense | — | — | — | — | — | $20.3M | $20.1M | $18.7M |
| Pretax Income | $384.0M | $254.9M | $177.6M | $159.3M | $151.9M | $145.6M | $117.9M | $113.4M |
| Income Tax Expense | $109.1M | $74.0M | $51.5M | $26.3M | $36.1M | $40.7M | $33.8M | $25.8M |
| Net Income | $274.9M | $180.9M | $126.1M | $133.0M | $115.7M | $105.0M | $82.3M | $77.5M |
| Net Margin | 3.6% | 2.8% | 2.2% | 3.0% | 3.3% | 3.0% | 2.7% | 2.6% |
| EPS (Basic) | $5.09 | $3.37 | $2.37 | $2.50 | $2.19 | $2.17 | $1.62 | $1.51 |
| EPS (Diluted) | $5.02 | $3.31 | $2.33 | $2.47 | $2.17 | $2.16 | $1.61 | $1.50 |
| Shares Outstanding (Basic) | 54.0M | 53.6M | 53.3M | 53.2M | 52.7M | 48.3M | 50.8M | 51.4M |
| Shares Outstanding (Diluted) | 54.8M | 54.6M | 54.2M | 53.8M | 53.2M | 48.6M | 51.1M | 51.7M |
| Dividends Per Share | $0.32 | $0.26 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 |