Centuri Holdings, Inc. (CTRI)

Centuri Holdings, Inc. operates as a utility infrastructure services company in North America. It operates through four segments: U.S. Gas Utility Services; Canadian Operations; Union Electric Utility Services; and Non-Union Electric Utility Services. The company offers gas utility services, including maintenance, replacement, repair, and installation for local natural gas distribution utilities focused on the modernization of customers' infrastructure. It also provides electric utility services encompassing maintenance, replacement, repair, upgrade, and expansion services for urban transmission and local distribution infrastructure, as well as corporate and non-allocated transactions. The company customers include electric, gas, and combination utility providers, as well as serves end markets, such as distributed power projects, and data centers. The company was founded in 1909 and is headquartered in Phoenix, Arizona.

Ticker: CTRI
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Regulated Gas
Market cap: $2.06B
52-week range: $18.50 - $42.99

Valuation

Share price: $20.37 (close of Nov 6, 2026)
P/E (TTM): 35.12x
Price to book: 2.29x
Price to free cash flow: -43.67x
Enterprise value: $3.05B
Book value per share: $8.89

Price performance

Period	Change
1 day	+9.22%
5 days	-5.21%
1 month	-3.92%
3 months	-8.86%
6 months	-51.27%
Year to date	-19.33%
1 year	-4.63%
All time	-14.95%

Short interest

As of: Oct 15, 2026
Short % of float: 8.93%
Shares short: 7.71M
Days to cover: 2.99
Change since prior report: +29.95%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 2.57%
Return on invested capital: 5.13%
Return on assets: 0.93%
Return on capital employed: 4.86%
Gross margin: 8.27%
Net margin: 0.75%
EBITDA margin: 7.77%
Revenue growth: 13.10%
Free cash flow growth: -113.93%

Cash flow and balance sheet

Free cash flow yield (TTM): -2.29%
Current ratio: 1.84x
Net debt to EBITDA: 3.63x

Latest reported year

Period end: Dec 28, 2025
Fiscal year: 2025
Revenue: $2.98B
Cost of revenue: $2.74B
Gross profit: $246.57M
EBITDA: $231.61M
Net income: $22.39M
Earnings per share: $0.25
Interest expense: $78.43M
Shares outstanding: 90.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-28	$2.98B	$246.57M	$22.39M	$0.25
2024-12-29	$2.64B	$220.67M	-$6.72M	-$0.08
2023-12-31	$2.90B	$273.44M	-$186.18M	-$2.60
2023-01-01	$2.76B	$214.61M	-$168.15M	-$2.35
2021-12-31	$2.16B	$186.05M	$40.51M	-
2020-12-31	$1.95B	$213.85M	$63.97M	-

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-28	8.27%	0.75%	2.57%	5.13%
2024-12-29	8.37%	-0.25%	-1.21%	5.33%
2023-12-31	9.43%	-6.42%	-82.38%	-5.05%
2023-01-01	7.77%	-6.09%	-43.48%	-5.90%
2021-12-31	8.62%	1.88%	8.45%	4.39%
2020-12-31	10.98%	3.28%	-	-

Cash and debt by year

Period end	Cash	Debt
2025-12-28	$126.63M	$708.07M
2024-12-29	$49.02M	$843.86M
2023-12-31	$33.41M	$1.11B
2022-12-31	$63.97M	-
2021-12-31	$114.71M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-28	-$8.20M	$8.08M
2024-12-29	$58.90M	$2.23M
2023-12-31	$60.81M	$1.85M
2023-01-01	-$34.96M	$1.65M
2021-12-31	-$937.00K	$1.73M
2020-12-31	$66.63M	$777.00K

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$0.23
2026-08-04	Jun 2026	$0.16
2026-05-06	Mar 2026	-$0.07
2026-02-25	Dec 2025	$0.18
2025-11-05	Sep 2025	$0.28
2025-08-06	Jun 2025	$0.12
2025-05-12	Mar 2025	-$0.13
2025-02-26	Dec 2024	$0.17

Filings and sources

Company website: centuri.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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