Primoris Services (PRIM) Tax Rate (2010 - 2026)
Primoris Services (PRIM) posted Tax Rate of 33.88% for Q2 2026, up 169.68% on a QoQ basis from 12.56% in Q1 2026, and up 490.0% year-over-year from 5.74% in Q2 2025.
Analysis
Primoris Services (PRIM) Tax Rate (2010 - 2026) Analysis & Trends
Primoris Services has reported Tax Rate for 17 years, with the latest figure at 33.88% in Q2 2026.
- On a quarterly basis, Tax Rate rose 490.0% year-over-year to 33.88% in Q2 2026; TTM through Jun 2026 was 24.82%, a 421.0% decrease from a year earlier, with the FY2025 full-year figure at 28.27%, down 76.0% from the prior year.
- Tax Rate was 33.88% for Q2 2026 at Primoris Services, up from 12.56% in the prior quarter.
- The five-year high for Tax Rate was 33.88% in Q2 2026, with the low at 8.7% in Q4 2022.
- Average Tax Rate over 5 years is 25.87%, with a median of 28.99% recorded in 2025.
- The sharpest annual moves came in 2023 and 2026: Tax Rate soared 2029 bps in 2023, then tumbled 1649 bps in 2026.
- Over 5 years, Tax Rate stood at 8.7% in 2022, then surged by 233 bps to 28.99% in 2023, then grew by 0 bps to 29.1% in 2024, then declined by 6 bps to 27.31% in 2025, then increased by 24 bps to 33.88% in 2026.
- The last three Tax Rate figures came in at 33.88% (Q2 2026), 12.56% (Q1 2026), and 27.31% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 97.75 Bn | 97.35 Bn | 1.55 Bn | 25.53% |
| 2 | Mastec | 19.32 Bn | 19.12 Bn | 556.28 Mn | 24.77% |
| 3 | IES Holdings | 13.78 Bn | 13.39 Bn | 340.66 Mn | 25.04% |
| 4 | Dycom Industries | 9.22 Bn | 8.51 Bn | - | - |
| 5 | Everus Construction | 6.09 Bn | 5.92 Bn | 182.92 Mn | 26.73% |
| 6 | Myr | 4.53 Bn | 4.40 Bn | 142.67 Mn | 25.74% |
| 7 | Primoris Services | 4.05 Bn | 3.84 Bn | 82.40 Mn | 33.88% |
| 8 | Centuri Holdings | 2.04 Bn | 2.00 Bn | 69.14 Mn | 50.03% |
| 9 | Magnitude International | 225.45 Mn | 223.35 Mn | - | - |
| 10 | Energy Services of America | 211.94 Mn | 197.26 Mn | 14.32 Mn | 21.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.88% |
| Mar 31, 2026 | 12.56% |
| Dec 31, 2025 | 27.31% |
| Sep 30, 2025 | 27.81% |
| Jun 30, 2025 | 28.98% |
| Mar 31, 2025 | 29.05% |
| Dec 31, 2024 | 29.10% |
| Sep 30, 2024 | 29.00% |
| Jun 30, 2024 | 29.00% |
| Mar 31, 2024 | 29.00% |
| Dec 31, 2023 | 28.99% |
| Sep 30, 2023 | 29.00% |
| Jun 30, 2023 | 29.03% |
| Mar 31, 2023 | 28.02% |
| Dec 31, 2022 | 8.70% |
| Sep 30, 2022 | 18.56% |
| Jun 30, 2022 | 20.74% |
| Mar 31, 2022 | 27.00% |
| Dec 31, 2021 | 10.39% |
| Sep 30, 2021 | 27.50% |