Primoris Services (PRIM) Interest Expenses (2010 - 2021)
Primoris Services (PRIM) recorded quarterly Interest Expenses of $4.8 million in Q2 2021, up 2.2% quarter-over-quarter from $4.7 million in Q1 2021, and up 30.76% on a YoY basis from $3.7 million in Q2 2020.
Primoris Services (PRIM) Interest Expenses (2010 - 2021) Analysis & Trends
Primoris Services' Interest Expenses history runs 12 years deep, the most recent figure standing at $4.8 million for Q2 2021.
- In Q2 2021, Interest Expenses rose 30.76% year-over-year to $4.8 million; the TTM figure through Mar 2022 stood at $4.8 million (down 69.67% YoY), while the FY2020 annual figure was $20.3 million, up 1.01% from the prior year.
- Interest Expenses was $4.8 million for Q2 2021 at Primoris Services, up from $4.7 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $9.1 million in Q1 2020 to a low of $1.5 million in Q4 2017.
- Historically, Interest Expenses has averaged $4.3 million across 5 years, with a median of $4.2 million in 2020.
- The sharpest annual moves came in 2018 and 2019: Interest Expenses soared 361.32% in 2018, then slumped 63.38% in 2019.
- A 5-year view of Interest Expenses shows it stood at $1.5 million in 2017, then jumped by 361.32% to $7.1 million in 2018, then plunged by 63.38% to $2.6 million in 2019, then increased by 6.38% to $2.8 million in 2020, then soared by 74.25% to $4.8 million in 2021.
- The last three Interest Expenses figures came in at $4.8 million (Q2 2021), $4.7 million (Q1 2021), and $2.8 million (Q4 2020), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 73.27 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 2.18 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | - |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 43.46 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 4.01 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 30.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 41.08 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 1.53 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Primoris Services | 5.62 Bn | 5.62 Bn | 134.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | 4.83 Mn |
| Jun 30, 2021 | 4.83 Mn |
| Mar 31, 2021 | 4.72 Mn |
| Mar 31, 2021 | 4.72 Mn |
| Dec 31, 2020 | 2.77 Mn |
| Dec 31, 2020 | 2.77 Mn |
| Sep 30, 2020 | 4.73 Mn |
| Sep 30, 2020 | 4.73 Mn |
| Jun 30, 2020 | 3.69 Mn |
| Jun 30, 2020 | 3.69 Mn |
| Mar 31, 2020 | 9.11 Mn |
| Mar 31, 2020 | 9.11 Mn |
| Dec 31, 2019 | 2.60 Mn |
| Dec 31, 2019 | 2.60 Mn |
| Sep 30, 2019 | 5.19 Mn |
| Sep 30, 2019 | 5.19 Mn |
| Jun 30, 2019 | 6.72 Mn |
| Jun 30, 2019 | 6.72 Mn |
| Mar 31, 2019 | 5.59 Mn |
| Mar 31, 2019 | 5.59 Mn |