Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $2.38B | $2.94B | $3.11B | $3.49B | $3.50B | $4.42B | $5.72B | $6.37B | $7.57B |
| Revenue growth | — | 19.2% | 23.5% | 5.7% | 12.4% | 0.2% | 26.4% | 29.3% | 11.4% | 19.0% |
| Gross profit | $201M | $278M | $326M | $331M | $370M | $417M | $457M | $588M | $703M | $813M |
| Gross margin | 10.1% | 11.7% | 11.1% | 10.7% | 10.6% | 11.9% | 10.3% | 10.3% | 11.0% | 10.7% |
| Operating income | $57.7M | $106M | $130M | $141M | $164M | $170M | $195M | $253M | $317M | $412M |
| Operating margin | 2.9% | 4.5% | 4.4% | 4.5% | 4.7% | 4.9% | 4.4% | 4.4% | 5.0% | 5.4% |
| Net income | $26.7M | $72.4M | $77.5M | $82.3M | $105M | $116M | $133M | $126M | $181M | $275M |
| Net margin | 1.3% | 3.0% | 2.6% | 2.7% | 3.0% | 3.3% | 3.0% | 2.2% | 2.8% | 3.6% |
| EPS (diluted) | $0.51 | $1.40 | $1.50 | $1.61 | $2.16 | $2.17 | $2.47 | $2.33 | $3.31 | $5.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62.6M | $189M | $127M | $119M | $313M | $79.7M | $83.3M | $199M | $508M | $470M |
| Capital expenditures | $58.0M | $79.8M | $110M | $94.5M | $64.4M | $134M | $94.7M | $103M | $127M | $130M |
| Free cash flow | $4.55M | $109M | $16.6M | $24.5M | $249M | -$54.1M | -$11.3M | $95.5M | $382M | $341M |
| Share buybacks | $5.00M | $5.00M | $20.0M | — | $11.5M | $14.7M | $5.99M | — | — | — |
| Dividends paid | $11.4M | $11.3M | $12.3M | $12.2M | $11.6M | $12.6M | $12.8M | $12.8M | $12.9M | $17.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $136M | $170M | $151M | $120M | $327M | $201M | $249M | $218M | $456M | $536M |
| Total assets | $1.17B | $1.26B | $1.59B | $1.83B | $1.97B | $2.54B | $3.54B | $3.83B | $4.20B | $4.41B |
| Total liabilities | $672M | $694M | $987M | $1.20B | $1.25B | $1.55B | $2.44B | $2.59B | $2.79B | $2.73B |
| Long-term debt | $203M | $193M | $306M | $296M | $269M | $594M | $1.07B | $885M | $660M | $409M |
| Shareholders' equity | $499M | $562M | $607M | $630M | $715M | $990M | $1.11B | $1.24B | $1.41B | $1.68B |
| Retained earnings | $335M | $396M | $461M | $531M | $625M | $727M | $848M | $961M | $1.13B | $1.39B |
| Shares (wtd avg diluted) | 52.0M | 51.7M | 51.7M | 51.1M | 48.6M | 53.2M | 53.8M | 54.2M | 54.6M | 54.8M |
Every figure is extracted from Primoris Services Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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