Energy was Primoris Services’s largest segment in fiscal 2025, bringing in $5.02B of $7.57B (66%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Energy | $2.40B | $3.35B | $4.03B | $5.02B | ||||||||||||
| Utilities | $2.03B | $2.41B | $2.44B | $2.69B | ||||||||||||
| Energy/Renewables | — | — | — | — | ||||||||||||
| West | — | — | — | — | ||||||||||||
| West Construction Services | — | — | — | — | ||||||||||||
| Pipeline | — | — | — | — | ||||||||||||
| Power | — | — | — | — | ||||||||||||
| Civil | — | — | — | — | ||||||||||||
| East | — | — | — | — | ||||||||||||
| East Construction Services | — | — | — | — | ||||||||||||
| Transmission | — | — | — | — | ||||||||||||
| Engineering | — | — | — | — | ||||||||||||
| Corporate & Non-Allocated Costs | -$10.46M | -$41.00M | -$104.20M | -$135.40M | ||||||||||||
| Total | $4.42B | $5.72B | $6.37B | $7.57B |
Primoris Services brought in $7.57B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 19.0% from $6.37B in fiscal 2024. Energy was the largest at $5.02B (66.3%), ahead of Utilities at $2.69B (35.5%).
Compared with fiscal 2024, Energy grew 24.5% to $5.02B and Utilities grew 10.4% to $2.69B. From fiscal 2022 to 2025, combined revenue from these segments grew from $4.42B to $7.57B, a compound annual growth rate of 19.7%. Energy's share of the total rose from 54.2% to 66.3%.
The total is net of Corporate & Non-Allocated Costs, which took $135.40M off revenue in fiscal 2025.
Fixed Price was Primoris Services’s largest revenue line in fiscal 2025, bringing in $3.89B of $7.57B (51%).
| Contract with Customer, Basis of Pricing | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Fixed Price | $1.89B | $2.63B | $2.92B | $3.89B | ||||
| Unit Price | $1.74B | $2.08B | $2.21B | $2.33B | ||||
| Cost Reimbursable | $797.79M | $1.04B | $1.35B | $1.49B | ||||
| Corporate & Non-Allocated Costs | -$10.46M | -$41.00M | -$104.20M | -$135.40M | ||||
| Total | $4.42B | $5.72B | $6.37B | $7.57B |
Primoris Services brought in $7.57B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 19.0% from $6.37B in fiscal 2024. Fixed Price was the largest at $3.89B (51.4%), ahead of Unit Price at $2.33B (30.8%) and Cost Reimbursable at $1.49B (19.7%).
Compared with fiscal 2024, Fixed Price grew fastest, up 33.3% to $3.89B. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $4.42B to $7.57B, a compound annual growth rate of 19.7%. Fixed Price's share of the total rose from 42.8% to 51.4%.
The total is net of Corporate & Non-Allocated Costs, which took $135.40M off revenue in fiscal 2025.
Non-Msa was Primoris Services’s largest revenue line in fiscal 2025, bringing in $5.28B of $7.57B (70%).
| Customer | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Non-Msa | $2.41B | $3.65B | $4.13B | $5.28B | ||||
| Msa | $2.02B | $2.11B | $2.34B | $2.43B | ||||
| Corporate & Non-Allocated Costs | -$10.46M | -$41.00M | -$104.20M | -$135.40M | ||||
| Total | $4.42B | $5.72B | $6.37B | $7.57B |
Primoris Services brought in $7.57B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 19.0% from $6.37B in fiscal 2024. Non-Msa was the largest at $5.28B (69.7%), ahead of Msa at $2.43B (32.1%).
Compared with fiscal 2024, Non-Msa grew 27.9% to $5.28B and Msa grew 3.7% to $2.43B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $4.42B to $7.57B, a compound annual growth rate of 19.7%. Non-Msa's share of the total rose from 54.4% to 69.7%.
The total is net of Corporate & Non-Allocated Costs, which took $135.40M off revenue in fiscal 2025.
Primoris Services (PRIM) reports its revenue by segment, by contract with customer, basis of pricing and by customer. In fiscal 2025, Energy was its largest segment, bringing in $5.02B (66.3% of the total), followed by Utilities at $2.69B (35.5%).
Energy was Primoris Services' largest segment in fiscal 2025, bringing in $5.02B, or 66.3% of the $7.57B total across its three segments.
Fixed Price was Primoris Services' largest revenue line in fiscal 2025, bringing in $3.89B, or 51.4% of the $7.57B total across its four revenue lines.
Energy grew faster than Utilities in fiscal 2025, up 24.5% from $4.03B to $5.02B. Utilities grew 10.4% to $2.69B.
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.