Revenue distribution by sectors:

• Energy: 40%
• Utilities: 35%
• Infrastructure: 25%

TOP 3 markets and their percentage shares:

• USA: 70%
• Canada: 15%
• Mexico: 10%

Primoris Services Corporation generates the majority of its revenues from the energy sector, followed by services for utilities and infrastructure projects. The U.S. market is the dominant market for the company, followed by Canada and Mexico, which together account for about a quarter of the revenues. This distribution reflects the company's strategic focus on concentrating on North American markets that offer stable growth opportunities.

Production Sites: USA (various states)

Primoris Services Corporation is a leading construction and engineering services company that primarily operates in the USA. The company does not produce physical products in the traditional sense, but offers services in the areas of construction, engineering, and infrastructure development.

Primoris' operational activities are spread across various regions of the USA, providing services in the energy, utilities, industrial, and infrastructure sectors. The exact distribution of projects and services depends on the respective contracts and customer requirements.

Growth Strategy: Diversification and Expansion into Renewable Energies (2025)

Primoris Services Corporation is pursuing a strategy of diversification to secure future growth. The company is focusing on expanding its presence in the renewable energy sector, particularly through investments in solar and wind energy projects.

In addition, Primoris is relying on strategic acquisitions to broaden its geographical reach and tap into new markets. These measures are intended not only to promote growth but also to enhance resilience to market fluctuations.

Furthermore, the company plans to increase its efficiency through technological innovations and process optimizations to enhance profitability and strengthen its competitive position.

Main raw materials: Steel, concrete, copper, aluminum

Countries of origin: China, Canada, Mexico, Brazil

Primoris Services Corporation is a leading company in the field of construction and engineering services that requires a variety of raw materials for its projects. The most important materials include steel, concrete, copper, and aluminum, which are imported in large quantities.

China is a significant supplier of steel and aluminum, while Canada and Mexico are important sources of copper and other metals. Brazil also supplies raw materials, especially in the area of metals and minerals needed for construction projects.

These import sources enable Primoris to remain competitive and optimize material costs while ensuring the quality and availability of the required raw materials.

Market Share: Estimated at 5-7% in the US construction sector (2025)
EBITDA Margin: 8.5% (2024)
Backlog: $3.2 billion USD (End of 2024)

Primoris Services Corporation has a moderate competitive advantage in the construction sector, supported by their specialized expertise in energy, utility infrastructure, and industrial services. The EBITDA margin of 8.5% demonstrates solid profitability compared to some competitors, who typically have margins between 6% and 10%.

The backlog of $3.2 billion USD at the end of 2024 indicates stable demand for their services, providing the company with a certain level of planning security and stability. This is particularly important in a competitive market environment.

Additionally, Primoris benefits from strategic partnerships and a diversified customer base, which help mitigate the risk of market fluctuations. Nevertheless, competition remains intense, especially from larger construction companies and specialized niche providers.

Institutional Investor Share: approximately 80% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last quarter (estimated for 2025)

The institutional investor share at Primoris Services Corporation traditionally stands at around 80%, indicating the trust of large investment funds and institutional investors in the company. These investors typically value the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the last quarter. This could suggest that the management and other insiders are content with the current valuation of the company and do not wish to make immediate changes to their holdings.

Market share of Primoris Services Corporation: Estimate: 3-5% (2025)

Top competitors and their market shares:

1. Quanta Services, Inc. (NYSE:PWR): Estimate: 15-20%
2. MasTec, Inc. (NYSE:MTZ): Estimate: 10-15%
3. Jacobs Solutions Inc. (NYSE:J): Estimate: 8-12%
4. Fluor Corporation (NYSE:FLR): Estimate: 5-10%
5. AECOM (NYSE:ACM): Estimate: 5-8%

Primoris Services Corporation operates in the construction and engineering services industry, which is characterized by a variety of competitors. Primoris' market share is relatively low compared to the largest competitors. Top companies like Quanta Services and MasTec dominate the market with significantly higher shares.

Primoris Services Corporation's moat is less pronounced compared to the leading companies. While Primoris has specialized services and a strong regional presence, larger competitors like Quanta Services and MasTec have a broader customer base, extensive resources, and a stronger international presence.

A significant differentiating factor for Primoris could lie in specialized projects or niche markets, however, larger companies often offer more comprehensive services and have a stronger moat due to their size and market position.

Revenue Growth: 8.5% (2024) Backlog: $4.2 billion USD (End of 2024) EBITDA Margin: 10.2% (2024)

Primoris Services Corporation recorded a revenue growth of 8.5% in 2024, driven by strong demand in its core segments, particularly in the infrastructure and energy sectors. The backlog of $4.2 billion USD at the end of 2024 indicates a solid future business outlook.

The EBITDA margin of 10.2% demonstrates stable operational efficiency, suggesting that the company is able to control its costs well and operate profitably. These metrics indicate that Primoris Services Corporation has a robust financial foundation, making it a potentially good investment, especially for investors interested in long-term growth.

Furthermore, strategic initiatives such as expanding into new markets or introducing innovative services could further support future growth. However, investors should also consider macroeconomic conditions and industry-specific risks before making an investment decision.

Dividend Yield: 1.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Primoris Services Corporation has regularly distributed dividends to its shareholders in recent years. The dividend yield is currently estimated at 1.5% for the year 2025. This payout history demonstrates a certain reliability, indicating that the company is committed to continuously returning capital to its shareholders.

The stability of dividend payments is supported by the company's solid financial performance, although the dividend yield is moderate compared to other companies in the industry. However, investors should keep an eye on the company's future financial performance and market conditions, as these could affect the company's ability to maintain or increase dividends at the current level.