Primoris Services Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Primoris Services Corporation (PRIM). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Energy | – | MFQ1.84B 52.6% | MFQ2.40B 54.1% · +30.3% | MFQ3.35B 58.1% · +39.6% | MFQ4.03B 62.3% · +20.5% | MFQ5.02B 65.1% · +24.5% |
| Utilities | MFQ1.37B 39.1% | MFQ1.66B 47.4% · +21.4% | MFQ2.03B 45.9% · +22.7% | MFQ2.41B 41.9% · +18.5% | MFQ2.44B 37.7% · +1.2% | MFQ2.69B 34.9% · +10.4% |
| Pipeline | MFQ897.0M 25.7% | – | – | – | – | – |
| Energy/Renewables | MFQ1.23B 35.2% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Energy | – | – | MFQ137.7M 5.7% | MFQ247.9M 7.4% | MFQ295.1M 7.3% | MFQ341.0M 6.8% |
| Utilities | – | – | MFQ118.9M 5.8% | MFQ89.2M 3.7% | MFQ139.7M 5.7% | MFQ182.5M 6.8% |
| Pipeline | – | – | – | – | – | – |
| Energy/Renewables | – | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.