Centuri Holdings IncCenturi Holdings Inc
Centuri Holdings Inc

Centuri Holdings Inc

CTRI
Utilities·Gas Utilities

Centuri Holdings, Inc. is a utility infrastructure services company, which engages in building and maintaining the energy network that powers homes and businesses across the U.S. and Canada. It operates through the following segments: U.S. Gas Utility Services (U.S. Gas), Canadian Gas Utility Services (Canadian Gas), Union Electric Utility Services (Union Electric), and Non-Union Electric Utility Services (Non-Union Electric). The U.S. Gas segment refers to the maintenance, replacement, repair, and installation for local natural gas distribution utilities (LDCs) focused on the modernization of customers’ infrastructure throughout the United States. The Canadian Gas segment includes the maintenance, replacement, repair, and installation for LDCs focused on the modernization of customers’ infrastructure in Canada. The Union Electric segment provides a set of electric utility services encompassing maintenance, replacement, repair, upgrade, and expansion services for urban transmission and local distribution infrastructure within union markets. The Non-Union Electric segment focuses on a set of electric utility services encompassing maintenance, replacement, repair, upgrade, and expansion services for urban transmission and local distribution infrastructure within non-union markets. The company was founded in 1909 and is headquartered in Phoenix, AZ.

Arizona; U.S.A
Market cap
$2.1BNo data
Revenue
$3B+13.1% YoY
Net income
$22.4M+433.1% YoY
Free cash flow
$-8.2M−113.9% YoY

Market

Listed stock
CTRIPriceNYSE
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Financial performance

Revenue
$3B+13.1% YoY
Operating income
$92.8M+7.0% YoY
Net income
$22.4M+433.1% YoY
Free cash flow
$-8.2M−113.9% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2.2B, 2022 $2.8B, 2023 $2.9B, 2024 $2.6B, 2025 $3B. Operating income: 2021 $85.6M, 2022 $-101.4M, 2023 $-77.6M, 2024 $86.8M, 2025 $92.8M. Net income: 2021 $40.5M, 2022 $-168.1M, 2023 $-186.2M, 2024 $-6.7M, 2025 $22.4M. Free cash flow: 2021 $15.1M, 2022 $-22.4M, 2023 $72.6M, 2024 $58.9M, 2025 $-8.2M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
13.1%+2214 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $85.6M, 2022-12-31 $-101.4M, 2023-12-31 $-77.6M, 2024-12-29 $86.8M, 2025-12-28 $92.8M. Net income: 2021-12-31 $40.5M, 2022-12-31 $-168.1M, 2023-12-31 $-186.2M, 2024-12-29 $-6.7M, 2025-12-28 $22.4M. Free cash flow: 2021-12-31 $15.1M, 2022-12-31 $-22.4M, 2023-12-31 $72.6M, 2024-12-29 $58.9M, 2025-12-28 $-8.2M

Growth heatmap

2022202320242025CAGR
Revenue
+27.9%
+5.0%
-9.0%
+13.1%
No data
Gross profit
+3.3%
+27.4%
-19.3%
+11.7%
No data
Operating income
-218.6%
+23.5%
+211.9%
+7.0%
No data
Free cash flow
-248.8%
+423.7%
-18.9%
-113.9%
No data

Earnings quality

Operating cash flow
$78.1M−50.6% YoY
Net income
$22.4M+433.1% YoY
Free cash flow
$-8.2M−113.9% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-28 349%, 2024-12-29 -2353%, 2023-12-31 -90%, 2022-12-31 -56%, 2021-12-31 270%. Free cash flow: 2025-12-28 -37%, 2024-12-29 -876%, 2023-12-31 -39%, 2022-12-31 13%, 2021-12-31 37%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data