Utilities was Primoris Services’s largest segment in fiscal 2025, bringing in $2.13B of $3.07B (69%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utilities | $504.29M | $1.81B | $2.00B | $2.13B | |||||||||
| West | — | — | — | — | |||||||||
| Revenues | — | — | — | — | |||||||||
| Energy | $2.40B | $585.60M | $783.80M | $936.60M | |||||||||
| Power | — | — | — | — | |||||||||
| East | — | — | — | — | |||||||||
| Civil | — | — | — | — | |||||||||
| Pipeline | — | — | — | — | |||||||||
| Power/Civil | — | — | — | — | |||||||||
| Utilities/Power | — | — | — | — | |||||||||
| Total | $2.90B | $2.40B | $2.79B | $3.07B |
Primoris Services brought in $3.07B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $6.00B it reports by major customers, so these segments do not cover all of its revenue. Utilities was the largest at $2.13B (69.5%), ahead of Energy at $936.60M (30.5%).
Compared with fiscal 2024, Energy grew 19.5% to $936.60M and Utilities grew 6.3% to $2.13B.
Non-Msa was Primoris Services’s largest revenue line in fiscal 2025, bringing in $5.71B of $6.00B (95%).
| Major Customers | FY 2014 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Non-Msa | $2.06B | $3.02B | $3.59B | $5.71B | |||||
| Msa | $1.69B | $1.81B | $2.00B | $293.80M | |||||
| Texas Dot | — | — | — | — | |||||
| Petrochemical Producer | — | — | — | — | |||||
| Public Gas & Electric Utility | — | — | — | — | |||||
| Pipeline Operator | — | — | — | — | |||||
| Total | $3.75B | $4.83B | $5.59B | $6.00B |
Primoris Services brought in $6.00B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 7.3% from $5.59B in fiscal 2024. Non-Msa was the largest at $5.71B (95.1%), ahead of Msa at $293.80M (4.9%).
Compared with fiscal 2024, Non-Msa grew 59.1% to $5.71B, while Msa fell 85.3% to $293.80M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $3.75B to $6.00B, a compound annual growth rate of 17.0%. Non-Msa's share of the total rose from 54.9% to 95.1%.
Unit Price was Primoris Services’s largest revenue line in fiscal 2025, bringing in $2.91B of $5.22B (56%).
| Contract With Customer Basis Of Pricing | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Unit Price | $1.33B | $1.47B | $1.54B | $2.91B | |||
| Fixed Price | $1.70B | $2.23B | $2.48B | -$107.20M | |||
| Cost Reimbursable | $503.85M | $520.40M | $783.40M | $2.42B | |||
| Total | $3.53B | $4.22B | $4.81B | $5.22B |
Primoris Services brought in $5.22B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $6.00B it reports by major customers, so these revenue lines do not cover all of its revenue. Unit Price was the largest at $2.91B (55.7%), ahead of Cost Reimbursable at $2.42B (46.4%).
Compared with fiscal 2024, Cost Reimbursable grew 209.1% to $2.42B and Unit Price grew 88.7% to $2.91B.
The total is net of Fixed Price, which took $107.20M off revenue in fiscal 2025.
Primoris Services (PRIM) reports its revenue by segment, by major customers and by contract with customer basis of pricing. In fiscal 2025, Utilities was its largest segment, bringing in $2.13B (69.5% of the total), followed by Energy at $936.60M (30.5%).
Utilities was Primoris Services' largest segment in fiscal 2025, bringing in $2.13B, or 69.5% of the $3.07B total across its two segments.
Non-Msa was Primoris Services' largest revenue line in fiscal 2025, bringing in $5.71B, or 95.1% of the $6.00B total across its two revenue lines.
Energy grew faster than Utilities in fiscal 2025, up 19.5% from $783.80M to $936.60M. Utilities grew 6.3% to $2.13B.
Every figure comes from Primoris Services' annual financial filings, as reported. Each line keeps the name Primoris Services gives it, and years follow its fiscal calendar.
Primoris Services' revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.