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Primoris Services's gross profit for the three months ended in Sep. 2024 was $199 Mil. Primoris Services's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $675 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Primoris Services's gross profit for the three months ended in Sep. 2024 was $199 Mil. Primoris Services's Revenue for the three months ended in Sep. 2024 was $1,649 Mil. Therefore, Primoris Services's Gross Margin % for the quarter that ended in Sep. 2024 was 12.04%.
Primoris Services had a gross margin of 12.04% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of Primoris Services was 11.91%. The lowest was 10.08%. And the median was 10.87%.
The historical data trend for Primoris Services's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Primoris Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 330.93 | 370.21 | 416.66 | 456.89 | 587.49 |
Primoris Services Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Profit | Get a 7-Day Free Trial | 173.90 | 156.60 | 133.38 | 186.71 | 198.56 |
For the Engineering & Construction subindustry, Primoris Services's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Primoris Services's Gross Profit distribution charts can be found below:
* The bar in red indicates where Primoris Services's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Primoris Services's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 5715.309 | - | 5127.818 | |
= | 587 |
Primoris Services's Gross Profit for the quarter that ended in Sep. 2024 is calculated as
Gross Profit (Q: Sep. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 1649.086 | - | 1450.525 | |
= | 199 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $675 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Primoris Services's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 199 | / | 1649.086 | |
= | 12.04 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Primoris Services (NYSE:PRIM) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Primoris Services had a gross margin of 12.04% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Primoris Services's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
David Lee King | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Stephen C. Cook | director | 7500 SAN FELIPE, STE. 600, HOUSTON TX 77063 |
Thomas Edward Mccormick | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
John Schauerman | director, officer: Chief Financial Officer, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
John M. Perisich | officer: Senior VP and General Counsel, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Carla S Mashinski | director | 8200 S. UNIT DRIVE, TULSA OK 74132 |
Travis L Stricker | officer: Chief Accounting Officer | 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380 |
Moreno John F Jr | officer: Chief Operating Officer | C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201 |
Michael E. Ching | director | C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Terry D Mccallister | director | 1100 H ST NW, WASHINGTON DC 20080 |
Jose Ramon Rodriguez | director | PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Thomas E. Tucker | director | 3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660 |
Patricia K Wagner | director | 1720 NORTH FIRST STREET, SAN JOSE CA 95020 |
Kenneth Morris Dodgen | officer: Corporate Controller | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Brian Pratt | director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark | 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225 |
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