PRIM
Primoris Services Corporation
Is PRIM Halal?
Infrastructure, utilities and energy-services contractor — generally permissible activity whose known current asset-based ratios pass, with gross interest income and activity classification incomplete.
What You Should Know
Primoris Services' March 31, 2026 Form 10-Q reports assets of $4,213.6 million, long-term debt of $453.5 million, cash of $361.5 million, receivables of $754.4 million and quarterly revenue of $1,559.9 million. Debt/assets is 10.76%, liquidity/assets is 8.58% and receivables plus cash/assets is 26.48%; gross interest income is not separately disclosed and no universal prohibited-revenue numerator is available.
⚠️ Concerns
- •Known asset-based ratios pass, but gross interest income and activity classification remain incomplete
- •Utility, energy and industrial project end uses require qualitative review
- •Contract assets and customer concentration
- •Debt, operating leases and acquisition activity can change the screen
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
453.5 / 4,213.6
361.5 / 4,213.6
1,115.9 / 4,213.6
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 10.76%, liquidity/assets is 8.58% and receivables-plus-cash/assets is 26.48%; the filing does not separately disclose gross interest income and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined limits; activity remains incomplete and this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios pass the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Primoris provides construction, engineering and maintenance services for utilities, energy, transportation and industrial infrastructure. These general-purpose services are generally permissible, but the filing does not provide a universal prohibited-revenue numerator for customer end uses.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; customer and project allocation remains qualitative.
Purification
The filing reports net interest expense but does not separately disclose gross interest income; ZakatInvest does not infer a purification amount.
Inputs, assumptions and primary sources
- Amounts are USD millions from Primoris Services' March 31, 2026 Form 10-Q.
- Debt is current and non-current long-term debt of $57.2 million and $396.3 million; operating lease liabilities are excluded.
- Cash is $361.5 million and net accounts receivable is $754.4 million; contract assets are not added to avoid treating unbilled performance rights as receivables.
- First-quarter revenue is $1,559.9 million. The filing reports net interest expense rather than a separable gross interest-income numerator.
- Infrastructure, utilities and energy-services activity is retained as qualitative analysis; no universal prohibited-revenue numerator is disclosed.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →