10 Best Engineering Stocks to Buy for 2025

6. Primoris Services Corp. (NYSE:PRIM)

Number of Hedge Fund Holders: 38

Primoris Services Corporation (NYSE:PRIM) provides a range of engineering, construction, maintenance, fabrication, and replacement services to a diverse customer base. Its segments operate throughout Canada and the United States and specialize in various services, including engineering, construction, procurement, soil stabilization, highway and bridge construction, flood control, pipeline construction, and more.

Revenue for the company’s fiscal Q3 2024 was over $1.6 billion, an increase of $119.6 million or 7.8% over the prior year. This growth was driven primarily by its Energy and Utilities segments. The company’s record cash flow from operations in the quarter drove it to more than $200 million for the first nine months of the year, higher than its full-year fiscal 2023 cash flow from operations. This reflects the company’s positive trajectory in terms of cash flow, pushing it towards its near-term objectives.

The market for Primoris Services Corporation’s (NYSE:PRIM) EPC services and product solutions is continually seeing high demand. However, its industrial services revenue was lower. This was due to decreased activity in its Canadian operations and non-union industrial businesses, where it is divesting or winding down certain low-margin or subscale businesses. The company’s margins did improve due to strong execution on natural gas projects in the Western United States, along with improved bid margins for its work booked over the last 12-18 months. It ranks sixth on our list of the best engineering stocks to buy for 2025.