Primoris Services Corp
F:1PM
Income Statement
Earnings Waterfall
Primoris Services Corp
Income Statement
Primoris Services Corp
| Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
2
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
4
|
6
|
6
|
6
|
7
|
5
|
5
|
5
|
4
|
4
|
4
|
4
|
5
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
8
|
8
|
9
|
9
|
9
|
9
|
9
|
9
|
8
|
8
|
9
|
13
|
16
|
18
|
18
|
16
|
15
|
15
|
14
|
15
|
14
|
15
|
17
|
17
|
18
|
17
|
17
|
25
|
39
|
55
|
67
|
75
|
78
|
78
|
78
|
75
|
65
|
55
|
46
|
35
|
|
| Revenue |
0
N/A
|
0
N/A
|
543
N/A
|
717
+32%
|
861
+20%
|
598
-31%
|
410
-31%
|
529
+29%
|
492
-7%
|
467
-5%
|
518
+11%
|
602
+16%
|
726
+21%
|
942
+30%
|
1 126
+20%
|
1 275
+13%
|
1 420
+11%
|
1 460
+3%
|
1 392
-5%
|
1 378
-1%
|
1 434
+4%
|
1 542
+8%
|
1 660
+8%
|
1 768
+6%
|
1 887
+7%
|
1 944
+3%
|
2 004
+3%
|
2 075
+4%
|
2 137
+3%
|
2 086
-2%
|
2 009
-4%
|
1 977
-2%
|
1 920
-3%
|
1 929
+1%
|
1 967
+2%
|
1 940
-1%
|
1 892
-2%
|
1 997
+6%
|
2 128
+7%
|
2 302
+8%
|
2 403
+4%
|
2 380
-1%
|
2 323
-2%
|
2 340
+1%
|
2 641
+13%
|
2 940
+11%
|
3 097
+5%
|
3 238
+5%
|
3 194
-1%
|
3 106
-3%
|
3 188
+3%
|
3 306
+4%
|
3 384
+2%
|
3 492
+3%
|
3 567
+2%
|
3 540
-1%
|
3 510
-1%
|
3 498
0%
|
3 464
-1%
|
3 605
+4%
|
3 976
+10%
|
4 421
+11%
|
4 893
+11%
|
5 284
+8%
|
5 529
+5%
|
5 715
+3%
|
5 871
+3%
|
6 021
+3%
|
6 141
+2%
|
6 367
+4%
|
6 602
+4%
|
6 929
+5%
|
7 459
+8%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
(483)
|
(153)
|
(276)
|
(527)
|
(355)
|
(454)
|
(418)
|
(391)
|
(433)
|
(511)
|
(627)
|
(819)
|
(988)
|
(1 122)
|
(1 242)
|
(1 275)
|
(1 210)
|
(1 193)
|
(1 245)
|
(1 349)
|
(1 459)
|
(1 551)
|
(1 651)
|
(1 688)
|
(1 745)
|
(1 813)
|
(1 875)
|
(1 850)
|
(1 785)
|
(1 768)
|
(1 714)
|
(1 710)
|
(1 746)
|
(1 722)
|
(1 696)
|
(1 796)
|
(1 911)
|
(2 044)
|
(2 124)
|
(2 102)
|
(2 055)
|
(2 085)
|
(2 350)
|
(2 614)
|
(2 763)
|
(2 895)
|
(2 850)
|
(2 775)
|
(2 862)
|
(2 960)
|
(3 022)
|
(3 121)
|
(3 164)
|
(3 125)
|
(3 092)
|
(3 081)
|
(3 071)
|
(3 233)
|
(3 576)
|
(3 964)
|
(4 393)
|
(4 718)
|
(4 945)
|
(5 128)
|
(5 250)
|
(5 371)
|
(5 466)
|
(5 664)
|
(5 862)
|
(6 144)
|
(6 636)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
60
N/A
|
16
-73%
|
38
+131%
|
70
+88%
|
54
-23%
|
75
+38%
|
74
-1%
|
76
+3%
|
86
+13%
|
92
+7%
|
99
+8%
|
123
+24%
|
139
+13%
|
154
+11%
|
178
+16%
|
185
+4%
|
182
-2%
|
185
+1%
|
189
+2%
|
193
+2%
|
201
+4%
|
217
+8%
|
236
+9%
|
256
+9%
|
260
+1%
|
261
+1%
|
261
N/A
|
236
-10%
|
224
-5%
|
210
-7%
|
206
-2%
|
220
+7%
|
221
+1%
|
218
-1%
|
196
-10%
|
201
+2%
|
217
+8%
|
258
+19%
|
279
+8%
|
278
0%
|
268
-4%
|
255
-5%
|
291
+14%
|
326
+12%
|
334
+2%
|
343
+3%
|
345
+1%
|
331
-4%
|
326
-1%
|
347
+6%
|
362
+4%
|
370
+2%
|
403
+9%
|
415
+3%
|
418
+1%
|
417
0%
|
393
-6%
|
372
-5%
|
400
+7%
|
457
+14%
|
500
+9%
|
565
+13%
|
584
+3%
|
587
+1%
|
621
+6%
|
651
+5%
|
675
+4%
|
703
+4%
|
741
+5%
|
786
+6%
|
823
+5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(1)
|
(29)
|
(526)
|
(535)
|
(31)
|
(27)
|
(36)
|
(32)
|
(35)
|
(41)
|
(49)
|
(56)
|
(65)
|
(72)
|
(76)
|
(82)
|
(86)
|
(87)
|
(90)
|
(96)
|
(96)
|
(105)
|
(113)
|
(123)
|
(131)
|
(132)
|
(133)
|
(133)
|
(132)
|
(136)
|
(142)
|
(144)
|
(152)
|
(151)
|
(145)
|
(142)
|
(141)
|
(151)
|
(164)
|
(168)
|
(172)
|
(169)
|
(167)
|
(176)
|
(182)
|
(188)
|
(193)
|
(191)
|
(190)
|
(192)
|
(194)
|
(202)
|
(203)
|
(212)
|
(218)
|
(223)
|
(230)
|
(232)
|
(234)
|
(248)
|
(282)
|
(304)
|
(330)
|
(339)
|
(329)
|
(339)
|
(354)
|
(368)
|
(383)
|
(394)
|
(399)
|
(398)
|
|
| Selling, General & Administrative |
(1)
|
(1)
|
(29)
|
(37)
|
(43)
|
(31)
|
(23)
|
(31)
|
(32)
|
(35)
|
(41)
|
(49)
|
(56)
|
(65)
|
(71)
|
(76)
|
(82)
|
(86)
|
(87)
|
(90)
|
(96)
|
(96)
|
(105)
|
(113)
|
(123)
|
(131)
|
(132)
|
(134)
|
(133)
|
(132)
|
(136)
|
(142)
|
(144)
|
(152)
|
(151)
|
(145)
|
(143)
|
(141)
|
(148)
|
(162)
|
(168)
|
(172)
|
(170)
|
(167)
|
(176)
|
(182)
|
(188)
|
(193)
|
(191)
|
(190)
|
(192)
|
(194)
|
(202)
|
(203)
|
(212)
|
(218)
|
(223)
|
(230)
|
(232)
|
(234)
|
(248)
|
(282)
|
(304)
|
(330)
|
(339)
|
(329)
|
(339)
|
(354)
|
(368)
|
(383)
|
(394)
|
(399)
|
(398)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
(488)
|
(492)
|
0
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(1)
N/A
|
(1)
-20%
|
32
N/A
|
38
+21%
|
50
+31%
|
40
-20%
|
27
-33%
|
39
+47%
|
41
+5%
|
41
-1%
|
44
+9%
|
43
-4%
|
43
+1%
|
58
+35%
|
68
+17%
|
78
+15%
|
96
+24%
|
99
+3%
|
96
-4%
|
95
0%
|
94
-2%
|
96
+3%
|
97
+0%
|
104
+8%
|
113
+8%
|
125
+11%
|
128
+2%
|
128
N/A
|
128
+0%
|
104
-19%
|
88
-15%
|
68
-23%
|
62
-9%
|
68
+10%
|
70
+3%
|
73
+4%
|
54
-26%
|
60
+12%
|
66
+10%
|
94
+42%
|
111
+18%
|
106
-4%
|
99
-7%
|
88
-11%
|
115
+31%
|
144
+25%
|
146
+1%
|
150
+3%
|
153
+2%
|
141
-8%
|
135
-4%
|
152
+13%
|
160
+5%
|
167
+4%
|
191
+14%
|
196
+3%
|
196
0%
|
187
-5%
|
161
-14%
|
138
-14%
|
151
+10%
|
175
+16%
|
196
+12%
|
235
+20%
|
246
+4%
|
259
+5%
|
282
+9%
|
297
+5%
|
308
+4%
|
320
+4%
|
346
+8%
|
387
+12%
|
424
+10%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
1
|
(2)
|
(0)
|
0
|
6
|
6
|
7
|
7
|
8
|
6
|
5
|
4
|
(1)
|
(1)
|
1
|
1
|
(1)
|
(1)
|
(5)
|
(6)
|
(3)
|
(5)
|
(5)
|
(6)
|
(11)
|
(11)
|
(10)
|
(5)
|
(1)
|
(1)
|
(2)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(2)
|
(2)
|
(1)
|
(0)
|
(10)
|
(16)
|
(20)
|
(26)
|
(25)
|
(20)
|
(23)
|
(20)
|
(20)
|
(20)
|
(15)
|
(17)
|
(17)
|
(19)
|
(17)
|
(16)
|
(25)
|
(38)
|
(53)
|
(65)
|
(72)
|
(77)
|
(77)
|
(77)
|
(73)
|
(63)
|
(53)
|
(45)
|
(34)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
(2)
|
(9)
|
(13)
|
(13)
|
(12)
|
(4)
|
(0)
|
0
|
0
|
0
|
0
|
(3)
|
(17)
|
(18)
|
(18)
|
(16)
|
(3)
|
33
|
20
|
20
|
18
|
(18)
|
(7)
|
(6)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
5
|
5
|
5
|
5
|
(1)
|
(1)
|
(0)
|
0
|
2
|
2
|
0
|
1
|
(0)
|
0
|
(0)
|
0
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(3)
|
(3)
|
(3)
|
(2)
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
2
|
2
|
3
|
3
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
1
N/A
|
1
+50%
|
30
+3 189%
|
38
+28%
|
50
+33%
|
42
-16%
|
32
-23%
|
46
+43%
|
47
+2%
|
48
+1%
|
50
+3%
|
47
-5%
|
46
-1%
|
56
+20%
|
65
+17%
|
78
+19%
|
96
+24%
|
97
+0%
|
94
-3%
|
89
-5%
|
86
-4%
|
92
+7%
|
91
-1%
|
98
+7%
|
106
+9%
|
120
+13%
|
122
+2%
|
123
+1%
|
128
+4%
|
102
-20%
|
87
-15%
|
66
-24%
|
54
-18%
|
61
+12%
|
63
+3%
|
66
+4%
|
44
-34%
|
49
+12%
|
57
+17%
|
85
+49%
|
108
+27%
|
105
-3%
|
97
-8%
|
78
-19%
|
91
+17%
|
113
+24%
|
113
-1%
|
120
+6%
|
125
+4%
|
118
-5%
|
109
-8%
|
130
+20%
|
142
+9%
|
146
+3%
|
159
+9%
|
163
+2%
|
161
-1%
|
152
-6%
|
141
-7%
|
155
+9%
|
147
-5%
|
159
+9%
|
163
+3%
|
155
-5%
|
170
+10%
|
178
+4%
|
203
+14%
|
217
+7%
|
232
+7%
|
255
+10%
|
291
+14%
|
340
+17%
|
388
+14%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
(1)
|
(1)
|
(3)
|
(5)
|
(8)
|
(13)
|
(17)
|
(18)
|
(19)
|
(18)
|
(18)
|
(22)
|
(26)
|
(31)
|
(38)
|
(38)
|
(37)
|
(35)
|
(33)
|
(34)
|
(34)
|
(36)
|
(39)
|
(45)
|
(46)
|
(46)
|
(47)
|
(39)
|
(33)
|
(24)
|
(21)
|
(24)
|
(25)
|
(26)
|
(18)
|
(21)
|
(24)
|
(35)
|
(41)
|
(38)
|
(34)
|
(23)
|
(24)
|
(25)
|
(25)
|
(29)
|
(33)
|
(34)
|
(32)
|
(38)
|
(41)
|
(41)
|
(45)
|
(45)
|
(44)
|
(36)
|
(33)
|
(33)
|
(26)
|
(26)
|
(27)
|
(30)
|
(40)
|
(52)
|
(59)
|
(63)
|
(67)
|
(74)
|
(84)
|
(99)
|
(111)
|
|
| Income from Continuing Operations |
1
|
1
|
29
|
37
|
47
|
37
|
24
|
33
|
31
|
30
|
31
|
29
|
28
|
34
|
39
|
47
|
58
|
59
|
57
|
54
|
53
|
58
|
58
|
62
|
67
|
75
|
76
|
76
|
80
|
64
|
54
|
42
|
34
|
37
|
38
|
40
|
26
|
28
|
33
|
51
|
68
|
68
|
63
|
55
|
68
|
89
|
87
|
91
|
92
|
84
|
77
|
93
|
101
|
105
|
115
|
118
|
118
|
116
|
108
|
122
|
121
|
133
|
136
|
125
|
130
|
126
|
144
|
154
|
165
|
181
|
206
|
241
|
277
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(5)
|
(5)
|
(4)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(5)
|
(7)
|
(9)
|
(9)
|
(10)
|
(8)
|
(5)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
0
N/A
|
0
+33%
|
27
+6 675%
|
37
+36%
|
47
+27%
|
36
-22%
|
24
-35%
|
32
+37%
|
30
-7%
|
26
-13%
|
27
+4%
|
25
-6%
|
25
-1%
|
34
+34%
|
39
+17%
|
47
+19%
|
58
+25%
|
59
+0%
|
57
-3%
|
54
-5%
|
52
-3%
|
57
+9%
|
56
-1%
|
60
+7%
|
64
+7%
|
70
+9%
|
71
+1%
|
71
+1%
|
77
+8%
|
63
-18%
|
54
-15%
|
42
-23%
|
33
-20%
|
37
+11%
|
38
+3%
|
39
+4%
|
25
-37%
|
27
+7%
|
32
+19%
|
48
+52%
|
64
+33%
|
72
+13%
|
65
-10%
|
56
-15%
|
68
+22%
|
78
+15%
|
79
+2%
|
85
+8%
|
88
+3%
|
82
-6%
|
77
-7%
|
92
+20%
|
100
+9%
|
105
+5%
|
115
+9%
|
118
+3%
|
118
+0%
|
116
-2%
|
108
-7%
|
122
+13%
|
121
-1%
|
133
+10%
|
136
+2%
|
125
-8%
|
130
+4%
|
126
-3%
|
144
+14%
|
154
+7%
|
165
+7%
|
181
+10%
|
206
+14%
|
241
+17%
|
277
+15%
|
|
| EPS (Diluted) |
0.06
N/A
|
0.09
+50%
|
1.15
+1 178%
|
1.55
+35%
|
2.12
+37%
|
1.29
-39%
|
0.72
-44%
|
0.97
+35%
|
0.87
-10%
|
0.75
-14%
|
0.59
-21%
|
0.55
-7%
|
0.55
N/A
|
0.72
+31%
|
0.76
+6%
|
0.93
+22%
|
1.14
+23%
|
1.14
N/A
|
1.1
-4%
|
1.05
-5%
|
1.01
-4%
|
1.1
+9%
|
1.09
-1%
|
1.16
+6%
|
1.24
+7%
|
1.35
+9%
|
1.37
+1%
|
1.38
+1%
|
1.49
+8%
|
1.22
-18%
|
1.04
-15%
|
0.8
-23%
|
0.64
-20%
|
0.71
+11%
|
0.73
+3%
|
0.76
+4%
|
0.48
-37%
|
0.51
+6%
|
0.62
+22%
|
0.94
+52%
|
1.25
+33%
|
1.4
+12%
|
1.26
-10%
|
1.07
-15%
|
1.3
+21%
|
1.49
+15%
|
1.54
+3%
|
1.66
+8%
|
1.73
+4%
|
1.61
-7%
|
1.57
-2%
|
1.88
+20%
|
2.05
+9%
|
2.16
+5%
|
2.29
+6%
|
2.17
-5%
|
2.17
N/A
|
2.17
N/A
|
2.03
-6%
|
2.26
+11%
|
2.25
0%
|
2.47
+10%
|
2.53
+2%
|
2.32
-8%
|
2.4
+3%
|
2.33
-3%
|
2.65
+14%
|
2.83
+7%
|
3.02
+7%
|
3.31
+10%
|
3.77
+14%
|
4.4
+17%
|
5.06
+15%
|
|