Primoris Services (PRIM) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Primoris Services Revenue Highlights

Latest Revenue (Y)

$5.72B

Latest Revenue (Q)

$1.65B

Main Segment (Y)

Energy

Main Geography (Y)

Primoris Services Revenue by Period

Primoris Services Revenue by Year

Date	Revenue	Change
2023-12-31	$5.72B	29.29%
2022-12-31	$4.42B	26.39%
2021-12-31	$3.50B	0.18%
2020-12-31	$3.49B	12.40%
2019-12-31	$3.11B	5.68%
2018-12-31	$2.94B	23.51%
2017-12-31	$2.38B	19.18%
2016-12-31	$2.00B	3.50%
2015-12-31	$1.93B	-7.52%
2014-12-31	$2.09B	7.30%
2013-12-31	$1.94B	26.11%
2012-12-31	$1.54B	5.59%
2011-12-31	$1.46B	55.04%
2010-12-31	$941.76M	101.66%
2009-12-31	$467.01M	-23.32%
2008-12-31	$609.07M	100.00%
2007-03-31	-	-

Primoris Services generated $5.72B in revenue during NA 2023, up 29.29% compared to the previous quarter, and up 194.43% compared to the same period a year ago.

Primoris Services Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.65B	5.46%
2024-06-30	$1.56B	10.69%
2024-03-31	$1.41B	-6.79%
2023-12-31	$1.52B	-0.91%
2023-09-30	$1.53B	8.22%
2023-06-30	$1.41B	12.45%
2023-03-31	$1.26B	-5.44%
2022-12-31	$1.33B	3.51%
2022-09-30	$1.28B	25.53%
2022-06-30	$1.02B	30.41%
2022-03-31	$784.38M	-11.31%
2021-12-31	$884.45M	-3.15%
2021-09-30	$913.25M	3.59%
2021-06-30	$881.61M	7.73%
2021-03-31	$818.33M	-8.80%
2020-12-31	$897.34M	-4.81%
2020-09-30	$942.70M	3.80%
2020-06-30	$908.22M	22.20%
2020-03-31	$743.24M	-5.89%
2019-12-31	$789.78M	-8.70%
2019-09-30	$865.06M	9.51%
2019-06-30	$789.93M	19.40%
2019-03-31	$661.56M	-24.62%
2018-12-31	$877.67M	-3.44%
2018-09-30	$908.90M	40.09%
2018-06-30	$648.79M	28.70%
2018-03-31	$504.12M	-12.94%
2017-12-31	$579.02M	-4.82%
2017-09-30	$608.31M	-3.62%
2017-06-30	$631.16M	12.41%
2017-03-31	$561.50M	-6.71%
2016-12-31	$601.86M	18.52%
2016-09-30	$507.83M	11.17%
2016-06-30	$456.81M	6.13%
2016-03-31	$430.45M	-13.42%
2015-12-31	$497.14M	-10.58%
2015-09-30	$555.95M	14.97%
2015-06-30	$483.55M	23.11%
2015-03-31	$392.78M	-19.44%
2014-12-31	$487.59M	-20.49%
2014-09-30	$613.24M	19.01%
2014-06-30	$515.29M	9.62%
2014-03-31	$470.07M	-12.61%
2013-12-31	$537.88M	-2.44%
2013-09-30	$551.33M	23.89%
2013-06-30	$445.01M	8.54%
2013-03-31	$410.00M	-14.74%
2012-12-31	$480.88M	11.36%
2012-09-30	$431.84M	27.98%
2012-06-30	$337.44M	15.73%
2012-03-31	$291.57M	-21.84%
2011-12-31	$373.07M	-0.64%
2011-09-30	$375.48M	6.68%
2011-06-30	$351.96M	-2.14%
2011-03-31	$359.64M	7.92%
2010-12-31	$333.24M	44.66%
2010-09-30	$230.36M	13.37%
2010-06-30	$203.19M	16.12%
2010-03-31	$174.98M	75.19%
2009-12-31	$99.88M	-10.41%
2009-09-30	$111.49M	-12.14%
2009-06-30	$126.90M	-1.43%
2009-03-31	$128.74M	-14.46%
2008-12-31	$150.50M	2.56%
2008-09-30	$146.74M	100.00%
2008-06-30	-	100.00%
2008-03-31	-	-

Primoris Services generated $1.65B in revenue during Q3 2024, up 5.46% compared to the previous quarter, and up 116.68% compared to the same period a year ago.

Primoris Services Revenue Breakdown

Primoris Services Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Utilities	$2.38B	$2.02B	$1.66B	-	-
Energy	$3.34B	-	-	-	-
Pipeline	-	$308.80M	$431.46M	-	-
Energy/Renewables	-	$2.09B	$1.41B	-	-
Utility Transmission And Distribution	-	-	-	$459.04M	$497.30M
Civil Segment	-	-	-	$433.46M	$488.02M
P And U Segment	-	-	-	$897.04M	$505.16M
P I And E Segment	-	-	-	$795.36M	$729.35M
U And D Segment	-	-	-	$906.60M	$886.50M

Primoris Services's latest annual revenue breakdown by segment (product or service), as of Dec 23: Energy (58.35%), and Utilities (41.65%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
U And D Segment	$666.24M	$454.65M	$425.42M	$335.01M	$230.27M	$298.98M	$230.18M	$147.17M	$236.43M	$281.56M	-	-	-	-	-	-	-	-	-	-
Energy	$1.01B	$973.49M	$989.03M	$1.83B	$773.14M	$728.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utilities	-	$620.80M	$490.81M	$1.21B	$640.24M	$528.89M	$576.45M	$613.01M	$476.12M	$358.73M	$442.87M	-	-	-	-	-	-	-	-	-
Pipeline	-	-	-	-	-	-	$111.04M	$70.68M	$60.48M	$66.61M	$72.27M	-	-	-	-	-	-	-	-	-
Energy/Renewables	-	-	-	-	-	-	$641.65M	$600.44M	$486.35M	$359.05M	$369.31M	-	-	-	-	-	-	-	-	-
Energy Renewables	-	-	-	-	-	-	-	-	-	-	-	$351.03M	$335.01M	$352.86M	-	-	-	-	-	-
Pipeline Services	-	-	-	-	-	-	-	-	-	-	-	$107.56M	$121.18M	$130.45M	-	-	-	-	-	-
P I And E Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$229.13M	$212.56M	$157.48M	$196.19M	$211.14M	$200.66M
P And U Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$201.58M	$214.38M	$289.56M	$191.52M	$99.51M	$133.59M
Civil Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$104.27M	$102.56M	$121.06M	$105.57M	$127.98M	$120.47M
Utility Transmission And Distribution	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$132.09M	$114.22M	$109.95M	$102.78M	$114.72M	$128.78M

Primoris Services's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Energy (60.27%), and U And D Segment (39.73%).

Primoris Services Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 18
C	$86.40M

Primoris Services's latest annual revenue breakdown by geography, as of Dec 18: C (100.00%).

Primoris Services Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EME	EMCOR Group	$12.58B	$3.70B
APG	APi Group	$6.93B	$1.83B
PRIM	Primoris Services	$5.72B	$1.65B
FIX	Comfort Systems USA	$5.21B	$1.81B
TPC	Tutor Perini	$3.88B	$1.08B
MYRG	MYR Group	$3.64B	$888.04M
GVA	Granite Construction	$3.51B	$1.28B
ROAD	Construction Partners	$1.82B	$517.79M
MTRX	Matrix Service Company	$728.21M	$165.58M
GLDD	Great Lakes Dredge & Dock	$589.63M	$191.17M

PRIM Revenue FAQ

What is Primoris Services’s yearly revenue?

Primoris Services's yearly revenue for 2023 was $5.72B, representing an increase of 29.29% compared to 2022. The company's yearly revenue for 2022 was $4.42B, representing an increase of 26.39% compared to 2021. PRIM's yearly revenue for 2021 was $3.5B, representing an increase of 0.18% compared to 2020.

What is Primoris Services’s quarterly revenue?

Primoris Services's quarterly revenue for Q3 2024 was $1.65B, a 5.46% increase from the previous quarter (Q2 2024), and a 7.82% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.56B, a 10.69% increase from the previous quarter (Q1 2024), and a 10.64% increase year-over-year (Q2 2023). PRIM's quarterly revenue for Q1 2024 was $1.41B, a -6.79% decrease from the previous quarter (Q4 2023), and a 12.40% increase year-over-year (Q1 2023).

What is Primoris Services’s revenue growth rate?

Primoris Services's revenue growth rate for the last 3 years (2021-2023) was 63.41%, and for the last 5 years (2019-2023) was 83.99%.

What are Primoris Services’s revenue streams?

Primoris Services's revenue streams in c 23 are Utilities, and Energy. Utilities generated $2.38B in revenue, accounting 41.65% of the company's total revenue, up 17.58% year-over-year. Energy generated $3.34B in revenue, accounting 58.35% of the company's total revenue

What is Primoris Services’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Primoris Services was Energy. This segment made a revenue of $3.34B, representing 58.35% of the company's total revenue.