Primoris Services Corporation (PRIM): what the price assumes
In the published model solve dated 2026-Q2, anchored at $83.42, Primoris Services Corporation (PRIM) is priced for +6.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. Narrative composed 2026-06-28.
Generated: 2026-08-10 · Exported: 2026-08-12 · Source: https://boothcheck.com/report/PRIM
Headline
| Field | Value |
|---|---|
| Ticker | PRIM |
| Company | Primoris Services Corporation |
| Current price | $83.42/sh |
| Composition | Utilities 36% / Energy 66% / Intersegment eliminations -2% |
What The Price Assumes (Inversion)
The assumption today's price embeds, recovered by inverting the valuation.
| Field | Value |
|---|---|
| Inversion basis | whole-company |
| Operating margin (value-band context) | 0.8% |
| Operating margin today | 4.9% |
| Margin compression (value-band) | -4.1pp |
| Implied growth | 6.6% |
| Multiple paid | 14x operating income |
The operating-margin figure is value-band context at year 7: derived from the framework's value band, a separate calculation — not part of the priced-in solve.
Solve inputs: computed at a 9.5% cost of capital with 4% terminal growth over a 5-year stage; each 1pp of cost of capital moves the implied operating-profit growth ~5.9pp.
How unusual the bet is: within-range
| Reference | Value |
|---|---|
| vs own history | -0.50σ |
| cohort percentile (of 221 peers) | 16 |
| implied end-window share | 0% |
Valuation X-Ray
The price is justified by relative-multiple and growth-DCF; earnings-power land below the price.
How the valuation models price the stock relative to the market price. Price/FV above 1.0 means the market pays more than that lens defends (expensive); at or below 1.0 the lens can defend the price.
| Family | Median price/FV | Models | Reads |
|---|---|---|---|
| Asset | 1.43x | 4 | expensive |
| Earnings | 2.13x | 5 | expensive |
| Relative | 0.92x | 2 | justifies |
| Growth | 1.02x | 3 | expensive |
Families that justify the price: Relative, Growth Families that call it expensive: Earnings
The models below discount at their own flat-beta convention rates (cost of equity 9.3%, WACC 8.4%); the inversion above states its own rate.
Per-Model Detail (n=14)
| Model | Family | FV | Price/FV | Applicable | Methodology |
|---|---|---|---|---|---|
| DCF Perpetual Growth | Growth | $82.14 | 1.02x | yes | FCF base $0.2B, growth 14% (input: historical growth), terminal g 4.0%, WACC 8.4%, 6yr projection |
| DCF Exit Multiple | Growth | $100.28 | 0.83x | yes | Exit EV/EBITDA: 9.3x / 11.3x / 13.3x (bear / base = today's held flat / bull), 6yr |
| Relative Valuation | Relative | — | — | no | P/E 18x (static sector reference · 2026-04), scenarios: 14.9x / 18.0x / 21.1x (bear / base = reference held flat / bull), EV/EBITDA 12x |
| Simple DDM | Growth | — | — | no | — |
| Two-Stage DDM | Growth | — | — | no | — |
| Simple Excess Return | Asset | $48.94 | 1.70x | yes | BV/sh $30.73, ROE (TTM) 14.7%, ke 9.3% |
| Two-Stage Excess Return | Asset | $61.06 | 1.37x | yes | 5yr excess ROE then converge to ke=9.3% |
| Discounted Future Market Cap | Growth | $77.53 | 1.08x | yes | Rev $7.5B, growth 14% (input: historical growth; tapered), Terminal P/S: 0.5x / 0.6x / 0.7x (bear / base = today's held flat / bull, cap 8x) |
| Peter Lynch Fair Value | Relative | $75.34 | 1.11x | yes | EPS $4.54, growth 17% (input: historical EPS growth), PEG=1.11 (Fair) |
| Margin Trajectory | Growth | — | — | no | — |
| Earnings Power Value | Earnings | $39.20 | 2.13x | yes | Normalized EBIT (5y avg op income, one-time charges added back) $0.27B × (1−13%) / WACC 8.4% → EPV (no growth) |
| Residual Income | Asset | $62.77 | 1.33x | yes | BV $30.73 + 5yr PV of (ROE (TTM) 14.7% − Kₑ 9.3%) × BV; BV grows 8.8%/yr |
| Graham Number | Asset | $56.03 | 1.49x | yes | √(22.5 × EPS $4.54 × BVPS $30.73) — Graham's conservative floor |
| EV/EBITDA Relative | Relative | — | — | no | EBITDA $0.46B × sector EV/EBITDA 12.0x |
| FCF Yield | Earnings | $21.07 | 3.96x | yes | FCF $164.5M / Kₑ 9.3% — zero-growth perpetuity |
| SBC-Adj FCF Yield | Earnings | $16.47 | 5.06x | yes | SBC-adj FCF $0.14B (FCF $0.16B − SBC $0.02B) capitalized at Kₑ |
| Ben Graham Formula | Earnings | $146.49 | 0.57x | yes | EPS $4.54 × (8.5 + 2×15.0%) × (4.4 / 5.3%) |
| ROIC-Justified P/B | Asset | $3.39 | 24.61x | yes | BV $30.73 × (ROIC 0.9% / WACC 8.4%) (excluded from median) |
| P/Sales Sector | Relative | — | — | no | Revenue $7.49B × sector P/S 2.5x |
| PEG Fair Value | Relative | $113.01 | 0.74x | yes | EPS $4.54 × (PEG 1.5 × growth 16.6% (input: historical EPS growth)) → PE 24.9x |
| Earnings Yield | Earnings | $49.08 | 1.70x | yes | EPS $4.54 / required return 9.3% (Rf 4.3% + ERP 5.0%) |
| Funds From Operations Multiple | Relative | — | — | no | — |
| Clinical Phase NPV | Growth | — | — | no | — |
| Merton | Asset | — | — | no | — |
| V5 Mechanical | — | — | — | no | — |
Economic-Unit Decomposition (Sum Of The Parts)
One or more material disclosed units has unresolved economics. Unknown/general is not evidence of homogeneity: segment SOTP is primary but incomplete, consolidated cash flow may remain only a secondary cross-check when every unit shares an enterprise basis, and one sector multiple or target margin is withheld.
| Unit | Role | Valuation basis | Revenue | Reported profit | Value evidence | Status |
|---|---|---|---|---|---|---|
| Utilities | operating | enterprise | $2.4b | $207.0m operating-income | withheld | unresolved no unit value |
| Energy | operating | enterprise | $3.3b | $381.0m operating-income | withheld | unresolved no unit value |
No total common-equity value is stated. One or more material units lack a supported unit value. The displayed values are an indicative subtotal; consolidated debt and cash cannot be applied to a fraction of the company.
Solvency
| Field | Value |
|---|---|
| Net debt | $92.0m |
| Net debt / NOPAT (after-tax) | 0.29x |
| Net debt / operating income (pre-tax) | 0.25x |
| Share count CAGR (dilution) | 0.7% |
| Burning cash | no |
Interest expense is not separately reported in the latest filings, so interest coverage cannot be computed.
Bullet Takeaways
- Primoris is an infrastructure contractor split between Utilities at about 42% of the business and Energy at 58%, with a total backlog near $11.6 billion. The Utilities segment, tied to power delivery and grid work, is the higher-quality, growing piece.
- The balance sheet is a standout: net debt is only about 0.25 times operating income, an unusually conservative position for a project-based contractor, which gives it room to fund growth and acquire.
- At $101.22 the price embeds about 18% operating growth in the premium Utilities segment, but the near-term risk is real: solar project cost overruns drove a sharp guidance cut and analyst downgrades, which is why the stock sits below where most methods land.
Bull Case
The clearest way to see Primoris is through where the price sits against the methods. Only the earnings-power and free-cash-flow methods read the price as expensive, and those are depressed by a specific, identifiable problem rather than a structural one. That spread, where the forward and peer frames reach above the price, says the market is paying a discount for a business whose long-run economics are better than its current quarter.
The franchise sits in the right place. Primoris builds and maintains the infrastructure of the energy transition and the grid, with a Utilities segment, power delivery, gas, and communications, that grew 12.3% in the first quarter, and an Energy segment exposed to industrial, renewables, and increasingly data center work via the PayneCrest Electric acquisition completed in May. The total backlog near $11.6 billion gives multi-year visibility, and the filing details how that backlog converts through fixed contracts and master service agreements (FY2025 10-K). The implied bar in the premium Utilities segment, about 18% operating growth, is high but within range for a business riding electrification demand.
The balance sheet is the quiet strength that lets Primoris play offense. Net debt is only about 0.25 times operating income, an unusually low level for a contractor, so the company can fund organic growth, pursue bolt-on acquisitions like PayneCrest to deepen its data center and industrial presence, and weather a rough quarter without strain. With a backlog that provides visibility, a conservative balance sheet, and a discounted price relative to the forward methods, the bull case is that the current solar-driven setback is transitory and the underlying infrastructure demand carries the company past it.
Bear Case
The uncomfortable observation a holder has to confront is that this is a fixed-price contractor that just lost control of the cost on a cluster of projects, and that is the recurring nightmare of the construction business. Primoris cut its full-year guidance hard, with adjusted EBITDA and EPS slashed well below the levels it had guided only weeks earlier, driven by cost overruns on six solar projects with evolving cost-to-complete estimates. The first quarter already showed the damage: net income fell to $17.4 million from $44.2 million a year earlier and adjusted EBITDA dropped to $60.5 million from $99.1 million, on execution issues, labor challenges, project redesigns, and weather. The numbers are the evidence; the qualitative truth is that a contractor's edge is estimating and managing project cost, and Primoris just demonstrated it can miss badly.
The structural risk is the fixed-price model itself. When Primoris bids a project, it bears the cost overrun if execution slips, and the filing flags the exposure through "unapproved change orders" and claims for which "customers have not agreed to both scope and price" (FY2025 10-K). Contracts can also be cancelled on short notice (FY2025 10-K), so backlog is not guaranteed revenue. The solar overruns are a vivid reminder that a single mis-bid program can erase a year of segment profit, and the earnings-power and free-cash-flow methods reading the price as expensive reflect exactly that fragility in the cash the business actually converts.
The competitive and cyclical context compounds it. Primoris competes on "price, reputation for quality, safety, schedule certainty" (FY2025 10-K) against larger peers like Quanta and MasTec, and the renewables end market that caused the trouble is sensitive to policy, tax-credit timing, and pull-forward demand that can leave a hole afterward. Analysts have responded, with Goldman cutting its target into the low $100s and Cantor cutting on project concerns. If the cost overruns prove deeper than disclosed, or if the Energy segment stays soft, the price that looks cheap against the forward methods is cheap for a reason the next quarter could confirm.
Valuation
Because Primoris is multi-segment, the inversion isolates the segment carrying the priced-in premium, Utilities, and asks what operating growth the price implies for it. The answer is about 18.1% per year for five years at a 9.9% cost of capital, a demanding but not impossible bar for a power-delivery business riding electrification; historically about 40% of comparable fast-growers sustained that pace for five years. The sensitivity is meaningful, with each one-point move in the cost of capital shifting the implied growth by about 7.5 points.
Across the whole company the methods mostly sit above the $101.22 price. The relative-multiple and growth-DCF families land in the $90s to $120s, the asset-based methods are mixed, and a reasonable-growth re-pricing puts the base near $126 with a range to about $148. The exceptions are the earnings-power and free-cash-flow methods, which read the price as expensive because they capitalize the depressed, overrun-affected cash. That split is the whole story: the forward and peer frames see a discounted infrastructure contractor, while the cash-based frames see the damage from the solar projects.
The honest conclusion is that the price embeds a real reset already, sitting below most forward methods, but the cash-based methods are flashing that the current earnings power is impaired. If the solar overruns are contained and the backlog converts at normal margins, the stock is cheap relative to its forward potential. If the execution problems recur, the price is fair on impaired cash. The conservative balance sheet limits the downside, but the central question is whether management has regained control of project cost.
Catalysts
The dominant near-term catalyst is the resolution of the solar project cost overruns. Primoris cut its full-year 2026 guidance sharply, with adjusted EBITDA and EPS lowered well below prior expectations, on cost overruns across six solar projects with evolving cost-to-complete estimates and reduced solar revenue after pull-forward in 2025. Evidence that those projects are stabilizing, and that the overruns are contained rather than spreading, is the single most important signal for the stock. The first quarter showed the impact, with net income of $17.4 million and adjusted EBITDA of $60.5 million, both down sharply year over year.
The backlog and Utilities growth are the offsetting positives. Total backlog stood near $11.6 billion, Utilities segment revenue grew 12.3% to $632.9 million on power-delivery demand, and the May acquisition of PayneCrest Electric expands the company's reach into high-growth data center and industrial electrical work. Conversion of that backlog at normal margins, and bookings momentum in Utilities and Energy, are the medium-term drivers.
The risks to watch are further project surprises, the policy-sensitive renewables end market, and labor availability. Analyst sentiment has turned more cautious, with Goldman moving to Neutral and a $102 target and Cantor cutting on project concerns, though the median target across the broader group remains well above the current price, reflecting the gap between the near-term damage and the long-run infrastructure opportunity. Primoris pays a modest dividend, and its low leverage gives it flexibility through the setback.
Sources:
- https://www.stocktitan.net/sec-filings/PRIM/8-k-primoris-services-corp-reports-material-event-2db0e23bac9e.html
- https://finance.yahoo.com/markets/stocks/articles/primoris-services-prim-reports-1-153000135.html
- https://www.investing.com/news/analyst-ratings/goldman-sachs-upgrades-primoris-services-stock-rating-to-neutral-93CH-4759832
- https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-cuts-primoris-services-stock-price-target-on-project-concerns-93CH-4760496
- https://stockanalysis.com/stocks/prim/ratings/
Peer Cohorts (Per Segment, With Filing Citations)
Utilities (reported)
- NEE (NextEra Energy Inc)
- FY2025 10-K: …iso4217:USD xbrli:shares nee:agreement nee:county xbrli:pure utr:kWh utr:MW nee:unit nee:facility utr:Btu utr:MWh utr:MMBTU utr:bbl nee:customer nee:state nee:investment utr:mi nee:variable_interest_entity utr:Rate nee:segment 0000753308 2025-01-01 2025-12-31 0000753308 nee:FloridaPowerLightCompanyMember 2025-01-01…
- FY2025 10-K: …the acquisition and retirement of an electric generation facility (see Note 1 - Rate Regulation) and capacity payments related to PPAs; • Energy Conservatio n - costs associated with implementing energy conservation programs; and • Environmental - certain costs of complying with federal, state and local environmental…
- DUK (DUKE ENERGY CORPORATION)
- FY2025 10-K: …duk:ResidentialMember duk:DukeEnergyCarolinasMember duk:ElectricUtilitiesandInfrastructureMember 2024-01-01 2024-12-31 0001326160 us-gaap:ElectricityUsRegulatedMember duk:ResidentialMember duk:ProgressEnergyMember duk:ElectricUtilitiesandInfrastructureMember 2024-01-01 2024-12-31 0001326160…
- FY2025 10-K: …2024-01-01 2024-12-31 0001326160 us-gaap:NaturalGasUsRegulatedMember duk:IndustrialMember duk:DukeEnergyOhioMember duk:GasUtilitiesandInfrastructureMember 2024-01-01 2024-12-31 0001326160 us-gaap:NaturalGasUsRegulatedMember duk:IndustrialMember duk:PiedmontNaturalGasMember duk:GasUtilitiesandInfrastructureMember…
- SO (SOUTHERN CO)
- FY2025 10-K: CompanyGasMember 2023-01-01 2023-12-31 0000092122 so:SouthernCompanyServicesIncMember us-gaap:ElectricTransmissionMember so:SouthernPowerMember 2025-01-01 2025-12-31 0000092122 so:SouthernCompanyServicesIncMember us-gaap:ElectricTransmissionMember so:SouthernPowerMember 2024-01-01 2024-12-31 0000092122…
- FY2025 10-K: 00092122 so:RetailElectricMember so:ElectricUtilitiesMember 2024-01-01 2024-12-31 0000092122 so:WholesaleElectricMember so:ElectricUtilitiesMember 2024-01-01 2024-12-31 0000092122 so:OtherRevenueMember so:ElectricUtilitiesMember 2024-01-01 2024-12-31 0000092122 so:ElectricUtilitiesMember 2024-01-01 2024-12-31…
- AEP (AMERICAN ELECTRIC POWER CO INC.)
- FY2025 10-K: …utr:MMBTU utr:gal aep:employee utr:WK aep:metric aep:line aep:generatingPlant aep:auction 0000004904 2025-01-01 2025-12-31 0000004904 aep:AEPTexasInc.Member 2025-01-01 2025-12-31 0000004904 aep:AEPTransmissionCompanyLLCMember 2025-01-01 2025-12-31 0000004904 aep:AppalachianPowerCompanyMember 2025-01-01 2025-12-31…
- FY2025 10-K: …aep:PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipmentMember 2024-12-31 0000004904 aep:PublicServiceCompanyOfOklahomaMember aep:PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipmentMember 2024-12-31 0000004904 aep:SouthwesternElectricPowerCompanyMember…
- D (DOMINION ENERGY, INC)
- FY2025 10-K: …riders; • A $173 million increase in sales to electric utility retail customers, primarily due to an increase in cooling degree days during the cooling season ($107 million) and an increase in heating degree days during the heating season ($66 million); • A $155 million increase in sales to electric utility retail…
- FY2025 10-K: 2024-12-31 0000715957 d:VirginiaElectricAndPowerCompanyMember d:ConstructNewTechnologyBoulevardTransmissionLinesSubstationAndRelatedProjectsInHenricoCountyVirginiaMember 2025-01-01 2025-12-31 0000715957 srt:OfficeBuildingMember 2023-01-01 2023-12-31 0000715957 d:ElectricFuelAndOtherEnergyRelatedPurchasesMember…
- EXC (EXELON CORPORATION)
- FY2025 10-K: Registrants) and natural gas and gas distribution services (PECO, BGE, and DPL) to residential, commercial, industrial, and governmental customers through regulated tariff rates approved by state regulatory commissions. Delivery of electricity and/or natural gas. Over time (each day) as the electricity and/or natural…
- FY2025 10-K: …their financial commitments, ensuring timely recovery on investments to enable customer benefits, supporting clean energy policies including those that advance our jurisdictions' clean energy targets, and continued commitment to corporate responsibility. Exelon's strategy is to improve reliability and operations,…
- XEL (XCEL ENERGY INC)
- FY2025 10-K: …transmits, distributes and sells electricity. NSP-Minnesota and NSP-Wisconsin electric operations are managed on the NSP System. NSP-Wisconsin also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. Natural gas customers 0.1 million Total assets…
- FY2025 10-K: …Protection Agency ERCOT Electric Reliability Council of Texas FASB Financial accounting standards board FERC Federal Energy Regulatory Commission IRS Internal Revenue Service MPUC Minnesota Public Utilities Commission MPSC Michigan Public Service Commission NDPSC North Dakota Public Service Commission NERC North…
Energy (reported)
- MTZ (MasTec, Inc.)
- FY2025 10-K: …wireless and wireline/fiber networks, data center buildout and interconnection, wireless integration and optimization and install-to-the-home services, as well as select utility infrastructure, among others. Our Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets…
- FY2025 10-K: …with increased reliance on renewable energy to meet these needs. Through our Clean Energy and Infrastructure segment, we provide engineering, procurement and construction services and project management solutions to the power market, with services across wind, solar, biofuels, waste-to-energy (WtE) and biogas,…
- MYRG (MYR GROUP INC.)
- FY2025 10-K: …these initiatives will create sufficient incentives for projects or result in increased demand for our services. Because most of our T&D revenue is derived from the electric utility industry, regulatory and environmental requirements affecting that industry could adversely affect our business, financial condition,…
- FY2025 10-K: …governmental policies, legislation, and regulation, we believe that we are well-positioned to adapt our business to meet new regulations. Furthermore, we perform a significant amount of services for customers that operate electrical power infrastructure assets in locations and climates that are more susceptible to…
- PWR (Quanta Services, Inc.)
- FY2025 10-K: …and energy delivery companies, as well as governmental entities. We have estimated revenues by customer type as a percentage of total revenues below. Such estimates 8 are based on management judgment and assumptions and are provided to show perceived trends in our customer types and should be considered directional…
- FY2025 10-K: …has some of the lowest levelized costs of energy in the marketplace. When coupled with consumer and corporate preferences for clean energy and emissions-reduction initiatives, demand for renewable generation, energy storage, and related infrastructure has increased and is expected to result in sizable, long-term…
- EME (EMCOR Group, Inc.)
- FY2025 10-K: …growth within the majority of the sectors we serve, with the most significant increases within: (a) network and communications, predominantly as a result of several data center construction contracts, (b) institutional, largely as we continue to see demand for our services from education customers, including a number…
- FY2025 10-K: …materials and equipment have had and may have adverse impacts on our results of operations, cash flows, and reputation with our customers. For example, in recent years, we experienced supply chain delays, including long lead times for certain materials and equipment, as well as an escalation in material and fuel…
- IESC (IES Holdings, Inc.)
- FY2025 10-K: …Competition Our competition primarily consists of small, privately owned contractors who generally have limited access to capital. We believe that we have a competitive advantage over these smaller competitors due to our key employees' long-standing customer relationships, our financial capabilities, our employee…
- FY2025 10-K: …fabrication and services. Our Industrial Services business includes the maintenance and repair of alternating current (AC) and direct current (DC) electric motors and generators, as well as power generating and distribution equipment; the manufacture, re-manufacture, and repair of industrial lifting magnets; the…
- DY (DYCOM INDUSTRIES, INC.)
- FY2025 10-K: …for electric and gas utilities. The Company's services are provided by its operating segments on a decentralized basis. Each operating segment consists of a subsidiary (or in certain instances, the combination of two or more subsidiaries), whose results are regularly reviewed by the Company's Chief Executive Officer,…
- FY2025 10-K: …respectively. 71 Table of Contents 20. Customer Concentration and Revenue Information Geographic Location We provide services throughout the United States. Significant Customers Our customer base is highly concentrated, with our top five customers accounting for approximately 55.4 %, 57.7 %, and 66.7 %, of our total…
- STRL (Sterling Infrastructure, Inc.)
- FY2025 10-K: …climate change, could adversely affect our ability to conduct our business and could require expenditures that could have a material adverse effect on our results of operations and financial condition. In addition, future regulations, or more stringent enforcement of existing regulations, could increase those costs…
- FY2025 10-K: CMember strl:BusinessCombinationProFormaInformationNonrecurringAdjustmentAnnualIntangibleAssetAmortizationMember 2025-01-01 2025-12-31 0000874238 strl:CECFacilitiesGroupLLCMember us-gaap:AcquisitionRelatedCostsMember 2025-01-01 2025-12-31 0000874238 strl:CECFacilitiesGroupLLCMember…
- GVA (GRANITE CONSTRUCTION INC)
- FY2025 10-K: …storage and other power-related projects. The Materials segment focuses on production and delivery of aggregates, asphalt concrete, liquid asphalt and recycled materials for internal use in our construction projects and for sale to third parties. See Note 21 of "Notes to the Consolidated Financial Statements" for…
- FY2025 10-K: …hot mix aggregates and concrete aggregates. Internal controls Mining operations include risk in estimation of mineral reserves and mineral resources that could be impacted by unforeseen geologic circumstances, changes in regulation or changes in sales and customers. The risk that these estimates would be unreasonable…
Methodology Note
- Priced-in inversion: the valuation is inverted on the current price to recover the operating-income growth, duration, and steady-state margin the price embeds (ROE for financials, FFO growth for REITs).
- Valuation x-ray: the valuation models, grouped into four families (asset, earnings, relative, growth). Each model is expressed as a price/FV ratio (distance from price), not a point fair-value estimate. The spread across families is the disagreement.
- Economic-unit decomposition (SOTP): each disclosed business unit is assigned its native valuation basis before any multiple is applied. Operating units are valued on enterprise value; funded financial units are valued on their own common equity, because their borrowings fund earning assets rather than levering the parent. A company total is stated only once every material unit carries a supported value and the parent capital bridge reconciles.
- Solvency: net cash/debt, net-debt-to-NOPAT, interest coverage, and share-count CAGR from EDGAR financials (net debt / FFO and fixed-charge coverage for REITs; regulatory-capital framing for financials).
- Peer cohorts: per-segment comparables with deep-linkable SEC filing citations.
Fundamentals sourced from SEC EDGAR filings. Current price from Databento. The priced-in inversion and valuation x-ray are computed by the boothcheck engine; narrative composed by AI from the structured data.