Here are the 10-K annual reports from Centuri Holdings, Inc. (CTRI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CTRI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CTRI filings page.
Centuri Holdings, Inc. is a North American utility and energy infrastructure services company that partners with electric, gas and combination utilities to modernize and maintain distribution and transmission networks. It focuses on recurring, maintenance-oriented work that supports safety, reliability and environmental sustainability.
The company operates through four segments—U.S. Gas, Canadian Operations, Union Electric and Non-Union Electric—serving over 400 customers, with its top 20 investment‑grade utilities generating 65% of fiscal 2025 revenue. About 78% of revenue comes from long-term master service agreements, and 79% from variable‑priced contracts, limiting exposure to fixed‑price risk.
Centuri completed an IPO in 2024, separating from Southwest Gas Holdings, which has since fully exited its stake. As of February 20, 2026, it had 100,816,444 common shares outstanding, a public float valued at about $911.5 million as of June 29, 2025, and a workforce of 9,687 employees, 57% unionized. The filing highlights extensive risk factors, including customer concentration, supply chain constraints, labor availability, cyber threats, seasonality, project execution risk and the influence of activist stockholders such as the Icahn Group.