PRIM
Primoris Services Corporation

Primoris Services CorporationPRIM

Industrials · Engineering & Construction
73.21USD
-0.73%
Oct 18, 2026
PRIM overview ready
EPC Contractor Delivering Electrical Utility Infrastructure for Grid Expansion
Primoris is a field-services and EPC contractor that builds and maintains electrical utility infrastructure and performs electrical construction, generation, renewable-energy, and related energy-infrastructure work.
Strong narrative exposure
Exposed to the Electric Grid Capacity Expansion narrative through Grid Interconnection and Electrical Construction — infrastructure supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Unremarkable fundamentals
Primary risk
Exposure to infrastructure spending cycles and regulatory changes.
Market Oct 16Filing Jun 30Price action Aug 1

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction2.0Valuation4.8CompanyPosition7.3BusinessQuality7.8
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.

Key Financials

Market Cap
$3.9B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+19.0%
FY2025 vs FY2024
Gross Margin
+8.6%
Trailing twelve months
Operating Margin
+2.9%
Trailing twelve months
Free Cash Flow Yield
+2.2%
P/E
28.2x
EV / EBITDA
14.4x
EV / Sales
0.6x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Primoris Services Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Primoris is a field-services and EPC contractor that builds and maintains electrical utility infrastructure and performs electrical construction, generation, renewable-energy, and related energy-infrastructure work.
Opportunity
High opportunity
Utility, generation, storage, and large-load projects require physical transmission, distribution, substation, interconnection, and electrical-construction capacity to bring new power supply and demand online.
Key risk
Exposure to infrastructure spending cycles and regulatory changes.

Narrative & Theme

Electric Grid Capacity Expansion
Part of Grid Interconnection and Electrical Construction, with strong fit.
PRIM has direct operating exposure to the physical buildout required by grid capacity expansion: its Utilities segment performs power-delivery and utility-infrastructure work, while its Energy segment adds generation, renewables, and industrial electrical-construction exposure.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Industrials · Engineering & Construction
What they do

Primoris Services Corporation provides infrastructure services focused on installation, maintenance, and construction of utility and energy systems primarily in the US and Canada through its Utilities and Energy segments.

How it earns

The company generates revenue primarily through project-based contracts for engineering, procurement, construction, and maintenance services.

Products & services
Natural gas and electric utility distribution and transmission system installation and maintenance
Engineering, procurement, construction, and maintenance services for energy and renewable energy sectors
Customers & end markets
Natural gas and electric utilities
Energy and renewable energy companies
State departments of transportation
Market position

Primoris operates as a mid-tier engineering and construction services provider within the utilities and energy infrastructure market.

Demand drivers
Medium cyclicality

Business is influenced by infrastructure spending cycles and energy sector capital expenditures, which can fluctuate with economic conditions and regulatory environments.

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