Primoris Services Corporation (PRIM) - Total Assets
Based on the latest financial reports, Primoris Services Corporation (PRIM) holds total assets worth $4.65 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Primoris Services Corporation (PRIM) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Primoris Services Corporation - Total Assets Trend (2006–2024)
This chart illustrates how Primoris Services Corporation's total assets have evolved over time, based on quarterly financial data. Explore PRIM long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Primoris Services Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Primoris Services Corporation's total assets of $4.65 Billion consist of 51.5% current assets and 48.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.9% |
| Accounts Receivable | $1.61 Billion | 38.3% |
| Inventory | $49.06 Million | 1.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $207.90 Million | 5.0% |
| Goodwill | $856.87 Million | 20.4% |
Asset Composition Trend (2006–2024)
This chart illustrates how Primoris Services Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market cap of Primoris Services Corporation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Primoris Services Corporation's current assets represent 51.5% of total assets in 2024, a decrease from 100.0% in 2006.
- Cash Position: Cash and equivalents constituted 10.9% of total assets in 2024, up from 1.3% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 24.0% of total assets, an increase from 0.0% in 2006.
- Asset Diversification: The largest asset category is accounts receivable at 38.3% of total assets.
Primoris Services Corporation Competitors by Total Assets
Key competitors of Primoris Services Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
L&K Engineering Suzhou Co Ltd
SHG:603929
|
China | CN¥4.99 Billion |
|
Hui Lyu Ecological Technology Groups Co Ltd
SHE:001267
|
China | CN¥3.78 Billion |
|
Sichuan Road & Bridge Group Co Ltd
SHG:600039
|
China | CN¥254.94 Billion |
|
Shanghai Luoman Lighting Technologies Inc.
SHG:605289
|
China | CN¥3.07 Billion |
|
Gansu Qilianshan Cement Group Co Ltd
SHG:600720
|
China | CN¥29.68 Billion |
|
China Railway Construction Corporation Limited
F:4FF
|
Germany | €2.14 Trillion |
|
Wuhan Xianglong Power Industry Co Ltd
SHG:600769
|
China | CN¥419.83 Million |
|
Hyundai Development Co
KO:294870
|
Korea | ₩8.11 Trillion |
Primoris Services Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.20 | 1.38 | 1.46 |
| Quick Ratio | 1.17 | 1.35 | 1.89 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $425.08 Million | $610.16 Million | $350.85 Million |
Primoris Services Corporation - Advanced Valuation Insights
This section examines the relationship between Primoris Services Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.33 |
| Latest Market Cap to Assets Ratio | 1.30 |
| Asset Growth Rate (YoY) | 9.6% |
| Total Assets | $4.20 Billion |
| Market Capitalization | $5.47 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Primoris Services Corporation's assets above their book value (1.30x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: Primoris Services Corporation's assets grew by 9.6% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Primoris Services Corporation (2006–2024)
The table below shows the annual total assets of Primoris Services Corporation from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $4.20 Billion | +9.63% |
| 2023-12-31 | $3.83 Billion | +8.00% |
| 2022-12-31 | $3.54 Billion | +39.35% |
| 2021-12-31 | $2.54 Billion | +29.13% |
| 2020-12-31 | $1.97 Billion | +7.60% |
| 2019-12-31 | $1.83 Billion | +14.82% |
| 2018-12-31 | $1.59 Billion | +26.95% |
| 2017-12-31 | $1.26 Billion | +7.26% |
| 2016-12-31 | $1.17 Billion | +3.40% |
| 2015-12-31 | $1.13 Billion | +1.90% |
| 2014-12-31 | $1.11 Billion | +5.76% |
| 2013-12-31 | $1.05 Billion | +12.83% |
| 2012-12-31 | $931.21 Million | +27.84% |
| 2011-12-31 | $728.41 Million | +3.44% |
| 2010-12-31 | $704.22 Million | +47.94% |
| 2009-12-31 | $476.03 Million | +88.74% |
| 2008-12-31 | $252.21 Million | +515.14% |
| 2007-12-31 | $41.00 Million | +1.23% |
| 2006-12-31 | $40.50 Million | -- |
About Primoris Services Corporation
Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments, Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, c… Read more