Primoris Services (PRIM) Interest Expenses (2010 - 2021)
Primoris Services (PRIM) posted quarterly Interest Expenses of $4.8 million for Q2 2021, up 30.76% year-over-year from $3.7 million in Q2 2020, and up 2.2% on a QoQ basis from $4.7 million in Q1 2021.
Primoris Services (PRIM) Interest Expenses (2010 - 2021) Analysis & Trends
Primoris Services (PRIM) has reported Interest Expenses for 12 consecutive years, with $4.8 million the latest figure, recorded in 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 came in at $4.8 million for Q2 2021 at Primoris Services, up from $4.7 million in the prior quarter.
- The five-year high for Interest Expenses was $9.1 million in Q1 2020, with the low at $1.5 million in Q4 2017.
- Average Interest Expenses over 5 years is $4.3 million, with a median of $4.2 million recorded in 2020.
- Across the five-year window, Interest Expenses soared 361.32% in 2018 and tumbled 63.38% in 2019, its largest moves.
- Year by year, Interest Expenses stood at $1.5 million in 2017, then jumped by 361.32% to $7.1 million in 2018, then sank by 63.38% to $2.6 million in 2019, then advanced by 6.38% to $2.8 million in 2020, then soared by 74.25% to $4.8 million in 2021.
- According to Business Quant data, Interest Expenses over the past three periods registered $4.8 million, $4.7 million, and $2.8 million for Q2 2021, Q1 2021, and Q4 2020 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | - |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 73.27 Mn |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 43.46 Mn |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 4.01 Mn |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 30.00 Mn |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 41.08 Mn |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 1.53 Mn |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 50.57 Mn |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 4.62 Mn |
| 10 | Primoris Services | - | - | 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 |