NYSE$PRIM

Primoris Services Corporation · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Primoris Services reported Q4 2025, revenue of $1.90B, net income of $51.8M, diluted EPS of $0.95.

For Q4 2025, Primoris Services reported revenue of $1.90B, net income of $51.8M, diluted EPS was $0.95, adjusted diluted EPS was $1.08. The earnings release highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $1.90B.
  • Net income $51.8M.
  • Diluted EPS $0.95.
  • Adjusted diluted EPS $1.08.

Headline financials

Total Revenue

$1.9B

Previous: $1.74B+9.1%
EPS (adj)

$1.08

Previous: $1.13-4.4%
Gross Profit Margin

9.4%

Previous: 10.6%-11.3%
Adjusted EBITDA

$108M

Previous: $117M-7.2%
Operating Margin

4.2%

Previous: 5.0%-16.0%
Total Backlog

$11.9B

Previous: $11.9B+0.7%
Utilities Backlog

$6.42B

Previous: $5.52B+16.3%
Energy Backlog

$5.52B

Previous: $6.34B-13.0%
SG&A as % of Revenue

5.2%

Previous: 5.5%-5.5%
Utilities Gross Margin

10.5%

Previous: 12.1%-13.2%
Energy Gross Margin

8.5%

Previous: 9.5%-10.5%
Net Income

$51.8M

Previous: $54M-4.1%
Operating Income

$77.5M

Previous: $87.6M-11.5%
Gross Profit

$175M

Previous: $185M-5.2%

Revenue & EPS history

Primoris · Revenue · Quarterly

$1.9B

Q4 2025+9.1%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Primoris · $230M total across 1 segment · Q4 2020

  • Utilities
    $230M-2.6%

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter narrative.
  • Balance sheet and liquidity support ongoing operations or returns.
  • Strategic initiatives cited in the release.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.2%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.1%

Q3 2024

Best reaction

-15.1%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.4%-43.5%-31.4%
Q4 2025-6.4%-9.0%-15.1%
Q3 2025-10.7%-12.4%-12.2%
Q1 2025-2.5%+1.8%+9.9%
Q4 2024+9.6%+11.5%-10.5%
Q3 2024+16.1%+28.4%+33.5%
Q2 2024+0.8%+3.4%+0.9%
Q1 2024+5.3%+3.5%+9.9%
Q4 2023-5.4%-0.7%+5.2%
Q3 2023+1.5%+0.4%+3.6%
Q2 2023+5.7%+7.2%+7.0%
Q1 2023+0.6%+0.9%+24.4%
Q4 2022+4.9%+6.2%-7.0%
Q3 2022+3.8%+4.5%-0.8%
Q2 2022-5.8%-0.4%-12.8%
Q1 2022-7.2%-2.6%+6.7%
Q4 2021-10.6%-4.7%-5.1%
Q3 2021-6.6%-11.3%-14.8%
Q2 2021-10.2%-9.1%-10.7%
Q1 2021-1.6%-2.7%-2.7%
Q4 2020+7.9%+4.6%-1.0%
Q3 2020+8.2%+19.7%+37.0%
Q2 2020+9.4%+7.3%+15.4%
Q1 2020-5.0%+1.2%+23.6%
Q4 2019-10.5%-15.9%-32.4%
Q3 2019+12.5%+4.9%+3.0%
Q2 2019+1.8%+3.8%+0.5%
Q1 2019-1.4%-4.8%-13.0%
Q4 2018+6.9%+5.2%-5.7%
Q3 2018+6.8%+6.2%+3.3%
Q2 2018-9.8%-7.5%-9.8%
Q1 2018-2.1%-4.1%+5.6%
Q4 2017+1.9%+8.3%+2.1%
Q3 2017-0.2%-6.9%+1.0%
Q2 2017+4.1%+4.9%+12.4%
Q1 2017+6.6%+5.8%+5.9%
Q4 2016+1.2%-0.7%-10.1%
Q3 2016+14.5%+18.3%+22.4%
Q2 2016-6.2%-6.2%+9.1%
Q1 2016-1.5%
Q4 2015+4.9%
Q3 2015+5.6%
Q2 2015+0.5%
Q1 2015+0.2%
Q4 2014-15.1%
Q3 2014-0.5%
Q2 2014+14.6%
Q1 2014+5.9%
Q4 2013-0.3%
Q3 2013+6.8%
Q2 2013+3.7%
Q1 2013-2.4%
Q4 2012+6.3%
Q3 2012-5.9%
Q4 2011+0.8%
Q2 2012+0.8%
Q1 2011-11.2%
Q1 2012-11.2%
Q4 2009-1.3%
Q3 2011+0.7%
Q3 2010+0.7%
Q2 2011-12.8%
Q2 2010-12.8%
Q4 2010-12.8%
Q1 2010+3.6%

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