Primoris Services Corporation Common Stock (PRIM)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Primoris as a Graham-style bargain hunter. The business is a large infrastructure contractor, with 18,526 employees, serving utilities and energy across the U.S. and Canada. Contracting is competitive and not moat-rich; FairStock's ROCE of 2.99% and ROE of 8.89% suggest modest returns, while the Altman Z-Score of 1.73 and Piotroski F-Score of 2/9 point to financial fragility. The reported record is mixed. In fiscal 2025, the year ended 2025-12-31, revenue was $7.6B, net income $274.9M, and diluted EPS $5.02, up from fiscal 2024's $6.4B, $180.9M, and $3.31. That supports FairStock's Lynch category of FAST GROWER, based on 5-year profit growth of 21.2% and revenue growth of 16.8%. But the latest reported quarter, fiscal Q2 2026 ended 2026-06-30, posted revenue of $1.7B and a net loss of $24.2M, or diluted EPS -$0.45. Fiscal Q1 2026 earned $17.4M. Meanwhile the data show revenue growth of -10.71% and profit growth of -128.71%. At the 2026-10-13 close of $82.52, FairStock calculates a P/E of 32.36, P/B of 2.77, EV/EBITDA of 17.35, and FCF yield of only 2.0%. Its Graham Number is $41.38, so the price is roughly double that conservative figure; margin of safety is -99.42%. The market is paying a premium for a contractor whose recent results have turned negative. I would need evidence of restored margins and cash generation before seeing a margin of safety.

In plain English: Primoris builds and maintains electrical, gas, and energy infrastructure in the U.S. and Canada. It grew sales and profits through fiscal 2025, but its latest reported quarter showed a loss and the stock has fallen far below its 52-week high. At $82.52 on 2026-10-13, the price looks high compared with its current earnings and conservative value measures.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer