Jun 2026 (Q2 FY26) — Aug 5, 2026
Primoris Q2 FY26 — Record Backlog Amidst Renewables Challenges
Read the full callPrimoris (PRIM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Primoris earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,688 | −10.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.6 | −8.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -24.2 | −128.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$73.75 −5.49% · −$4.28
Performance −47.5% 1Y
1Y: $140.6 on 14 Oct 2025 → $73.75. High $202.92 (5 May 2026), low $71.12 (28 Sept 2026).
- Previous close
- $78.03
- 52-week range
- $71.12 – $202.92
- One year
- −46.61%
Overview
- Symbol
- PRIM
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Primoris Services Corporation Q1 FY26 — Renewables Challenges Offset by Strong Utility Performance and Strategic Acquisition
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Primoris Q4 FY25 — Record Revenue, Earnings, and Backlog Driven by Strong End Markets
Read the full callEvery analysed call
Primoris earnings calls (PRIM)
Financials
What the filings say
Net profit, year on year: −129% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,649 | 1,741 | 1,648 | 1,891 | 2,178 | 1,858 | 1,560 | 1,688 |
| Operating profit | 100 | 88 | 70 | 127 | 137 | 77 | 24 | -27 |
| Operating margin | 6.0% | 5.0% | 4.3% | 6.7% | 6.3% | 4.2% | 1.6% | −1.6% |
| Profit before tax | 82 | 76 | 62 | 119 | 131 | 72 | 20 | -37 |
| Tax rate | 29.0% | 29.1% | 29.1% | 29.0% | 27.8% | 28.0% | 12.6% | 33.9% |
| Net profit | 58 | 54 | 44 | 84 | 95 | 52 | 17 | -24 |
| EPS ($ per share) | 1.09 | 1 | 0.82 | 1.56 | 1.75 | 0.96 | 0.32 | -0.45 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 461 | 531 | 625 | 727 | 848 | 961 | 1,128 | 1,386 |
| Total liabilities | 987 | 1,201 | 1,255 | 1,553 | 2,435 | 2,591 | 2,786 | 2,727 |
| Fixed assets | 376 | 376 | 356 | 433 | 494 | 476 | 488 | 531 |
| Total assets | 1,594 | 1,830 | 1,970 | 2,543 | 3,544 | 3,827 | 4,196 | 4,408 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 127 | 119 | 313 | 80 | 83 | 199 | 508 | 470 |
| Cash from investing | -209 | -66 | -43 | -691 | -482 | -30 | -27 | -94 |
| Cash from financing | 64 | -83 | -63 | 486 | 452 | -205 | -244 | -296 |
| Net cash flow | -19 | -30 | 208 | -125 | 53 | -35 | 238 | 80 |
| Capital expenditure | -110 | -94 | -64 | -134 | -95 | -103 | -126 | -130 |
| Free cash flow | 17 | 24 | 249 | -54 | -11 | 96 | 382 | 341 |
PRIM revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Energy | 61% | 61% | 67% | 65% | 68% | 64% | 61% | 59% | -19.2% |
| U and D | 40% | 38% | 34% | 37% | 34% | 38% | 41% | 42% | +2.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
PRIM operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $11.9B+We finished the year with over $11.9 billion in total backlog, including booking nearly $3 billion of new work in the final quarter of the year.Source: earnings call transcript | $11.6BWith respect to backlog, we ended the quarter with $11.6 billion in total backlog compared to $11.9 billion at the end of 2025.Source: earnings call transcript | <$13.9BTotal backlog at the end of Q2 was just under $13.9 billion, an increase of approximately $2.2 billion sequentially from Q1 and a record for Primoris.Source: earnings call transcript | — |
| Orders | <$3BWe finished the year with over $11.9 billion in total backlog, including booking nearly $3 billion of new work in the final quarter of the year.Source: earnings call transcript | — | $3.9B+During the quarter, we secured more than $3.9 billion of new awards, including approximately $1.5 billion in the Utilities segment and $2.4 billion in the Energy segment.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
69 filings between Oct 29, 2025 and Aug 11, 2026.
Open market
decisions to buy or sellPurchases
$1.01M
4 purchases by 2 insiders
Sales
$9.67M
13 sales by 5 insiders
Compensation
not trading decisions- 34
- Award — granted as compensation
- 7
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Perisich John M. | — | $3.80M | May 28, 2026 |
| King David Lee | — | $2.84M | May 26, 2026 |
| Wagner Patricia K | — | $1.69M | Nov 7, 2025 |
| Schauerman John P. | — | $1.06M | Dec 11, 2025 |
| Vadlamudi Koti | $1.00M | — | May 27, 2026 |
| MASHINSKI CARLA S | — | $281.4K | Dec 8, 2025 |
| MCCALLISTER TERRY D | $5.0K | — | Jul 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 11, 2026 | Wagner Patricia K Director | Gift | 2,241 | $0 |
| Jul 31, 2026 | Saluja Harpreet Director | Award | 356 | — |
| Jul 31, 2026 | Ching Michael E. Director | Award | 356 | — |
| Jul 31, 2026 | MCCALLISTER TERRY D Director | Award | 356 | — |
| Jul 31, 2026 | Wagner Patricia K Director | Award | 356 | — |
| Jul 31, 2026 | Rodriguez Jose Ramon Director | Award | 356 | — |
| Jul 31, 2026 | King David Lee Director | Award | 356 | — |
| Jul 31, 2026 | MASHINSKI CARLA S Director | Award | 356 | — |
| Jul 15, 2026 | MCCALLISTER TERRY D Director | Purchase | 20 | $1.7K |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 5,855 | $760.3K |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 6,017 | $768.1K |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 9,450 | $1.20M |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 2,133 | $268.2K |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 105 | $13.7K |
| May 28, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Sale | 6,147 | $790.8K |
| May 27, 2026 | Vadlamudi Koti PRESIDENT & CEO | Purchase | 7,815 | $1.00M |
| May 26, 2026 | King David Lee Director | Sale | 3,917 | $468.7K |
| May 26, 2026 | King David Lee Director | Sale | 12,333 | $1.46M |
| May 26, 2026 | King David Lee Director | Sale | 3,750 | $451.0K |
| Apr 30, 2026 | MCCALLISTER TERRY D Director | Award | 268 | — |
| Apr 30, 2026 | Wagner Patricia K Director | Award | 268 | — |
| Apr 30, 2026 | Saluja Harpreet Director | Award | 268 | — |
| Apr 30, 2026 | Ching Michael E. Director | Award | 268 | — |
| Apr 30, 2026 | Rodriguez Jose Ramon Director | Award | 268 | — |
| Apr 30, 2026 | Schauerman John P. Director | Award | 268 | — |
| Apr 30, 2026 | King David Lee Director | Award | 268 | — |
| Apr 30, 2026 | MASHINSKI CARLA S Director | Award | 268 | — |
| Apr 15, 2026 | MCCALLISTER TERRY D Director | Purchase | 10 | $1.7K |
| Apr 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Gift | 147 | $0 |
| Apr 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Tax withheld | 97 | $13.9K |
| Apr 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Gift | 147 | $0 |
| Apr 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Option exercise | 244 | — |
| Apr 1, 2026 | King David Lee Director | Option exercise | 21,774 | — |
| Apr 1, 2026 | King David Lee Director | Tax withheld | 8,569 | $1.23M |
| Mar 1, 2026 | Dodgen Kenneth Morris CHIEF FINANCIAL OFFICER | Option exercise | 10,522 | — |
| Mar 1, 2026 | Dodgen Kenneth Morris CHIEF FINANCIAL OFFICER | Award | 42,842 | — |
| Mar 1, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Tax withheld | 30,780 | $4.64M |
| Mar 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Award | 20,290 | — |
| Mar 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Option exercise | 6,023 | — |
| Mar 1, 2026 | Stricker Travis CAO | Award | 2,613 | — |
| Mar 1, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Award | 48,197 | — |
| Mar 1, 2026 | Kinch Jeremy CHIEF OPERATING OFFICER | Tax withheld | 10,359 | $1.56M |
| Mar 1, 2026 | Perisich John M. CHIEF LEGAL AND ADMIN OFFICER | Option exercise | 12,290 | — |
| Mar 1, 2026 | Stricker Travis CAO | Tax withheld | 2,904 | $437.7K |
| Mar 1, 2026 | Stricker Travis CAO | Option exercise | 4,758 | — |
| Mar 1, 2026 | Dodgen Kenneth Morris CHIEF FINANCIAL OFFICER | Tax withheld | 21,001 | $3.17M |
| Feb 17, 2026 | King David Lee Director | Award | 166 | — |
| Feb 17, 2026 | Schauerman John P. Director | Award | 294 | — |
| Feb 17, 2026 | MASHINSKI CARLA S Director | Award | 294 | — |
| Feb 17, 2026 | MCCALLISTER TERRY D Director | Award | 294 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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