Centuri Holdings Inc Financials
This page shows Centuri Holdings Inc (CTRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Centuri’s thin-margin operating model finally produced profit, but cash conversion weakened even as the balance sheet improved.
FY2025’s move to positive net income did not mark a cleaner cash year: operating cash flow fell to$78.1M from$158.2M . With capex trimmed to$86.3M , free cash flow still slipped to-$8.2M , which suggests the profit improvement was absorbed inside operations rather than becoming spendable cash.
The income statement looks steadier than the cash flow statement, because revenue growth in FY2025 did not widen gross margin, which held at
The balance sheet became less debt-heavy, with debt-to-equity improving from 1.5x to 0.8x between FY2024 and FY2025. But cash rose to
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Centuri Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Centuri Holdings Inc scores 2.52, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Centuri Holdings Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Centuri Holdings Inc generates $3.49 in operating cash flow ($78.1M OCF vs $22.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Centuri Holdings Inc generated $3.0B in revenue in fiscal year 2025. This represents an increase of 13.1% from the prior year.
Centuri Holdings Inc's EBITDA was $237.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.1% from the prior year.
Centuri Holdings Inc reported $22.4M in net income in fiscal year 2025. This represents an increase of 433.1% from the prior year.
Centuri Holdings Inc earned $0.25 per diluted share (EPS) in fiscal year 2025. This represents an increase of 412.5% from the prior year.
Cash & Balance Sheet
Centuri Holdings Inc generated -$8.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 113.9% from the prior year.
Centuri Holdings Inc held $126.6M in cash against $708.1M in long-term debt as of fiscal year 2025.
Centuri Holdings Inc had 101M shares outstanding in fiscal year 2025. This represents an increase of 13.8% from the prior year.
Margins & Returns
Centuri Holdings Inc's gross margin was 8.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Centuri Holdings Inc's operating margin was 3.1% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Centuri Holdings Inc's net profit margin was 0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.
Centuri Holdings Inc's ROE was 2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.
Capital Allocation
Centuri Holdings Inc invested $86.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.1% from the prior year.
CTRI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $723.2M-15.8% | $858.6M+1.0% | $850.0M+17.4% | $724.1M+31.6% | $550.1M-23.3% | $717.1M-0.4% | $720.1M+7.1% | $672.1M |
| Cost of Revenue | $687.4M-11.7% | $778.1M+0.8% | $772.1M+17.7% | $656.3M+23.9% | $529.8M-18.0% | $646.0M+0.3% | $644.3M+5.3% | $611.6M |
| Gross Profit | $35.8M-55.6% | $80.5M+3.2% | $78.0M+15.0% | $67.8M+233.5% | $20.3M-71.4% | $71.1M-6.2% | $75.8M+25.3% | $60.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $32.7M-9.6% | $36.2M+3.5% | $35.0M+20.7% | $29.0M+9.8% | $26.4M-14.3% | $30.8M+13.1% | $27.2M+31.5% | $20.7M |
| Operating Income | -$4.7M-112.8% | $37.1M+2.1% | $36.3M+12.9% | $32.2M+353.0% | -$12.7M-137.8% | $33.7M-19.7% | $41.9M+26.5% | $33.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$7.8M+14.0% | -$9.0M-214.1% | $7.9M+28.0% | $6.2M+147.1% | -$13.1M-546.2% | $2.9M-86.5% | $21.8M+4692.8% | -$474K |
| Net Income | -$9.5M-131.6% | $30.2M+1337.8% | $2.1M-73.9% | $8.1M+144.9% | -$17.9M-274.2% | $10.3M+382.0% | -$3.7M-131.2% | $11.7M |
| EPS (Diluted) | $-0.09 | N/A | $0.02-77.8% | $0.09+145.0% | $-0.20 | N/A | $-0.04-128.6% | $0.14 |
CTRI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B-3.6% | $2.4B+10.6% | $2.2B+3.3% | $2.1B+5.8% | $2.0B-3.9% | $2.1B-1.8% | $2.1B-4.9% | $2.2B |
| Current Assets | $805.6M-8.6% | $881.4M+19.0% | $740.5M+13.6% | $651.9M+21.6% | $536.1M-10.9% | $601.4M-5.2% | $634.6M-12.3% | $723.7M |
| Cash & Equivalents | $60.3M-52.4% | $126.6M+684.9% | $16.1M-43.1% | $28.3M+85.7% | $15.3M-68.9% | $49.0M-6.6% | $52.5M+69.7% | $30.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $39.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $393.8M-0.5% | $395.7M+6.6% | $371.2M-0.5% | $373.0M+1.3% | $368.4M0.0% | $368.3M-1.5% | $374.0M+0.3% | $372.7M |
| Total Liabilities | $1.5B-5.0% | $1.5B-3.7% | $1.6B+3.3% | $1.5B+5.8% | $1.5B-4.1% | $1.5B-4.2% | $1.6B-6.3% | $1.7B |
| Current Liabilities | $428.6M-13.6% | $496.4M+12.3% | $442.2M+16.5% | $379.5M+11.5% | $340.5M-10.9% | $382.3M-1.0% | $386.2M+9.2% | $353.5M |
| Long-Term Debt | $698.8M-1.3% | $708.1M-20.7% | $893.4M+0.3% | $890.6M+8.3% | $822.5M-2.5% | $843.9M-3.9% | $878.5M-13.0% | $1.0B |
| Total Equity | $862.1M-1.2% | $873.0M+49.2% | $585.2M+3.2% | $567.1M+5.7% | $536.5M-3.4% | $555.6M+5.4% | $527.3M-0.6% | $530.4M |
| Retained Earnings | -$137.9M-7.4% | -$128.4M+19.0% | -$158.6M+1.3% | -$160.7M+4.8% | -$168.7M-11.9% | -$150.7M+6.4% | -$161.0M-2.3% | -$157.3M |
CTRI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$35.0M-141.8% | $83.9M+1508.9% | $5.2M+118.9% | -$27.7M-265.9% | $16.7M-72.7% | $61.0M-66.2% | $180.2M+418.7% | -$56.6M |
| Capital Expenditures | $20.2M+15.1% | $17.6M-25.4% | $23.6M+13.3% | $20.8M-14.6% | $24.4M-26.7% | $33.2M+70.2% | $19.5M-3.8% | $20.3M |
| Free Cash Flow | -$55.3M-183.4% | $66.3M+461.1% | -$18.4M+62.1% | -$48.5M-530.5% | -$7.7M-127.7% | $27.8M-82.7% | $160.7M+309.1% | -$76.9M |
| Investing Cash Flow | -$20.6M+14.3% | -$24.0M-11.7% | -$21.5M-10.7% | -$19.4M+16.3% | -$23.2M+22.9% | -$30.1M-77.2% | -$17.0M+3.9% | -$17.7M |
| Financing Cash Flow | -$10.5M-120.3% | $51.8M+1114.4% | $4.3M-92.9% | $59.9M+320.0% | -$27.2M+19.6% | -$33.9M+76.1% | -$141.8M-263.4% | $86.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CTRI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 4.9%-4.4pp | 9.4%+0.2pp | 9.2%-0.2pp | 9.4%+5.7pp | 3.7%-6.2pp | 9.9%-0.6pp | 10.5%+1.5pp | 9.0% |
| Operating Margin | -0.7%-5.0pp | 4.3%+0.1pp | 4.3%-0.2pp | 4.4%+6.8pp | -2.3%-7.0pp | 4.7%-1.1pp | 5.8%+0.9pp | 4.9% |
| Net Margin | -1.3%-4.8pp | 3.5%+3.3pp | 0.3%-0.9pp | 1.1%+4.4pp | -3.3%-4.7pp | 1.4%+1.9pp | -0.5%-2.3pp | 1.7% |
| Return on Equity | -1.1%-4.6pp | 3.5%+3.1pp | 0.4%-1.1pp | 1.4%+4.8pp | -3.3%-5.2pp | 1.8%+2.5pp | -0.7%-2.9pp | 2.2% |
| Return on Assets | -0.4%-1.7pp | 1.3%+1.1pp | 0.1%-0.3pp | 0.4%+1.3pp | -0.9%-1.4pp | 0.5%+0.7pp | -0.2%-0.7pp | 0.5% |
| Current Ratio | 1.88+0.1 | 1.78+0.1 | 1.67-0.0 | 1.72+0.1 | 1.570.0 | 1.57-0.1 | 1.64-0.4 | 2.05 |
| Debt-to-Equity | 0.810.0 | 0.81-0.7 | 1.53-0.0 | 1.57+0.0 | 1.53+0.0 | 1.52-0.1 | 1.67-0.2 | 1.90 |
| FCF Margin | -7.6%-15.4pp | 7.7%+9.9pp | -2.2%+4.5pp | -6.7%-5.3pp | -1.4%-5.3pp | 3.9%-18.4pp | 22.3%+33.8pp | -11.4% |
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Frequently Asked Questions
What is Centuri Holdings Inc's annual revenue?
Centuri Holdings Inc (CTRI) reported $3.0B in total revenue for fiscal year 2025. This represents a 13.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Centuri Holdings Inc's revenue growing?
Centuri Holdings Inc (CTRI) revenue grew by 13.1% year-over-year, from $2.6B to $3.0B in fiscal year 2025.
Is Centuri Holdings Inc profitable?
Yes, Centuri Holdings Inc (CTRI) reported a net income of $22.4M in fiscal year 2025, with a net profit margin of 0.8%.
What is Centuri Holdings Inc's EBITDA?
Centuri Holdings Inc (CTRI) had EBITDA of $237.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Centuri Holdings Inc have?
As of fiscal year 2025, Centuri Holdings Inc (CTRI) had $126.6M in cash and equivalents against $708.1M in long-term debt.
What is Centuri Holdings Inc's gross margin?
Centuri Holdings Inc (CTRI) had a gross margin of 8.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Centuri Holdings Inc's operating margin?
Centuri Holdings Inc (CTRI) had an operating margin of 3.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Centuri Holdings Inc's net profit margin?
Centuri Holdings Inc (CTRI) had a net profit margin of 0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Centuri Holdings Inc's return on equity (ROE)?
Centuri Holdings Inc (CTRI) has a return on equity of 2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Centuri Holdings Inc's free cash flow?
Centuri Holdings Inc (CTRI) generated -$8.2M in free cash flow during fiscal year 2025. This represents a -113.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Centuri Holdings Inc's operating cash flow?
Centuri Holdings Inc (CTRI) generated $78.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Centuri Holdings Inc's total assets?
Centuri Holdings Inc (CTRI) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Centuri Holdings Inc's capital expenditures?
Centuri Holdings Inc (CTRI) invested $86.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Centuri Holdings Inc's current ratio?
Centuri Holdings Inc (CTRI) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is Centuri Holdings Inc's debt-to-equity ratio?
Centuri Holdings Inc (CTRI) had a debt-to-equity ratio of 0.81 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Centuri Holdings Inc's return on assets (ROA)?
Centuri Holdings Inc (CTRI) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Centuri Holdings Inc's Altman Z-Score?
Centuri Holdings Inc (CTRI) has an Altman Z-Score of 2.52, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Centuri Holdings Inc's Piotroski F-Score?
Centuri Holdings Inc (CTRI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Centuri Holdings Inc's earnings high quality?
Centuri Holdings Inc (CTRI) has an earnings quality ratio of 3.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Centuri Holdings Inc?
Centuri Holdings Inc (CTRI) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.