NYSE : CTRI
Centuri Holdings, Inc. — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 21.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.17B
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Financial statements
Centuri Holdings, Inc. (CTRI) reported revenue of 3.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.39B | 2.98B | 2.64B | 2.90B | 2.76B | 2.16B |
| Cost of Revenue | 3.13B | 2.74B | 2.42B | 2.63B | 2.55B | 1.95B |
| Gross Profit | 263.34M | 246.57M | 220.67M | 273.44M | 214.61M | 207.77M |
| Selling, General & Admin | 132.04M | 117.34M | 97.21M | 102.95M | 103.14M | 90.92M |
| Amortization of Goodwill & Intangibles | 29.49M | 27.28M | 26.64M | 26.67M | 29.76M | 17.32M |
| Operating Expenses | 161.53M | 144.62M | 123.85M | 129.62M | 132.90M | 108.24M |
| Operating Income | 101.81M | 101.95M | 96.82M | 143.82M | 81.71M | 99.53M |
| Interest Expense | -58.62M | -70.19M | -88.79M | -97.48M | -61.37M | -21.00M |
| Earnings From Equity Investments | 200.00K | 200.00K | 200.00K | 500.00K | 100.00K | 200.00K |
| Currency Exchange Gain (Loss) | -100.00K | -100.00K | -100.00K | -500.00K | 1.00M | |
| Other Non Operating Income (Expenses) | 402.00K | 94.00K | 276.00K | 64.00K | -1.99M | -933.00K |
| EBT Excluding Unusual Items | 43.69M | 31.95M | 8.41M | 46.41M | 19.45M | 77.80M |
| Merger & Restructuring Charges | -9.14M | -7.75M | -10.04M | -7.39M | -6.05M | -13.98M |
| Impairment of Goodwill | -213.99M | -177.09M | ||||
| Other Unusual Items | -8.12M | -9.62M | -1.73M | |||
| Pretax Income | 26.42M | 14.59M | -3.36M | -174.98M | -163.69M | 65.62M |
| Income Tax Expense | -2.73M | -8.06M | 3.47M | 9.53M | 1.30M | 18.68M |
| Earnings From Continuing Operations | 29.16M | 22.65M | -6.82M | -184.51M | -164.99M | 46.94M |
| Minority Interest in Earnings | -307.00K | -255.00K | 98.00K | -1.67M | -3.16M | -6.42M |
| Net Income | 28.85M | 22.39M | -6.72M | -186.18M | -168.15M | 40.51M |
| Net Income to Common | 28.85M | 22.39M | -6.72M | -186.18M | -168.15M | 40.51M |
| Shares Outstanding (Basic) | 96.15M | 90.00M | 83.29M | 71.67M | 71.67M | |
| Shares Outstanding (Diluted) | 96.45M | 90.30M | 83.29M | 71.67M | 71.67M | |
| EPS (Basic) | 0.30 | 0.25 | -0.08 | -2.60 | -2.35 | |
| EPS (Diluted) | 0.30 | 0.25 | -0.08 | -2.60 | -2.35 | |
| Free Cash Flow | -15.22M | -8.20M | 58.90M | 60.81M | -34.96M | -937.00K |
| Free Cash Flow Per Share | -0.16 | -0.09 | 0.71 | 0.85 | -0.49 | |
| Gross Margin | 7.76% | 8.27% | 8.37% | 9.43% | 7.78% | 9.62% |
| Operating Margin | 3.00% | 3.42% | 3.67% | 4.96% | 2.96% | 4.61% |
| Profit Margin | 0.85% | 0.75% | -0.26% | -6.42% | -6.09% | 1.88% |
| Free Cash Flow Margin | -0.45% | -0.27% | 2.23% | 2.10% | -1.27% | -0.04% |
| EBITDA | 242.46M | 240.74M | 232.17M | 289.27M | 237.06M | 217.17M |
| EBITDA Margin | 7.14% | 8.07% | 8.80% | 9.98% | 8.59% | 10.06% |
| D&A For EBITDA | 140.65M | 138.79M | 135.34M | 145.45M | 155.35M | 117.64M |
| EBIT | 101.81M | 101.95M | 96.82M | 143.82M | 81.71M | 99.53M |
| EBIT Margin | 3.00% | 3.42% | 3.67% | 4.96% | 2.96% | 4.61% |
| Effective Tax Rate | 28.47% | |||||
| Revenue as Reported | 3.39B | 2.98B | 2.64B | 2.90B | 2.76B | 2.16B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 40.46M | 126.63M | 49.02M | 33.41M | 63.97M | 114.71M |
| Cash & Short-Term Investments | 40.46M | 126.63M | 49.02M | 33.41M | 63.97M | 114.71M |
| Accounts Receivable | 767.25M | 707.09M | 516.88M | 615.32M | 629.51M | 507.29M |
| Other Receivables | 4.24M | 2.70M | 2.73M | 1.95M | 2.57M | 10.39M |
| Receivables | 771.49M | 709.79M | 519.61M | 617.26M | 632.08M | 517.68M |
| Prepaid Expenses | 78.07M | 44.95M | 32.76M | 32.26M | 37.38M | 31.13M |
| Total Current Assets | 890.02M | 881.38M | 601.38M | 682.93M | 733.43M | 663.52M |
| Property, Plant & Equipment | 677.12M | 667.74M | 649.24M | 707.41M | 685.45M | 651.87M |
| Long-Term Investments | 11.50M | 10.90M | 11.90M | 11.40M | 12.30M | |
| Goodwill | 393.32M | 395.67M | 368.30M | 375.89M | 587.68M | 772.95M |
| Other Intangible Assets | 326.26M | 343.24M | 340.90M | 369.05M | 395.25M | 426.50M |
| Long-Term Accounts Receivable | 29.14M | 30.93M | 23.85M | |||
| Long-Term Deferred Charges | 2.60M | 2.90M | 3.00M | 4.20M | 5.00M | 5.50M |
| Other Long-Term Assets | 84.75M | 74.35M | 76.81M | 38.53M | 35.65M | 35.00M |
| Total Assets | 2.40B | 2.41B | 2.07B | 2.19B | 2.45B | 2.57B |
| Accounts Payable | 162.34M | 193.57M | 125.73M | 116.58M | 144.57M | 93.64M |
| Accrued Expenses | 177.46M | 165.59M | 158.42M | 173.75M | 151.44M | 169.01M |
| Short-Term Debt | 17.99M | 19.38M | 15.16M | 13.30M | 16.31M | 14.96M |
| Current Portion of Long-Term Debt | 22.91M | 29.54M | 30.02M | 42.55M | 44.56M | 22.32M |
| Current Portion of Leases | 42.66M | 37.80M | 28.03M | 30.73M | 25.89M | 21.04M |
| Current Income Taxes Payable | 6.99M | 10.68M | ||||
| Current Unearned Revenue | 66.80M | 50.51M | 24.98M | 43.69M | 35.77M | 11.86M |
| Total Current Liabilities | 490.16M | 496.39M | 382.33M | 420.61M | 425.52M | 343.52M |
| Long-Term Debt | 694.83M | 708.07M | 843.86M | 1.11B | 1.15B | 1.23B |
| Long-Term Leases | 168.82M | 162.69M | 106.75M | 129.55M | 111.36M | 93.52M |
| Long-Term Deferred Tax Liabilities | 79.21M | 78.36M | 115.11M | 135.12M | 144.66M | 155.03M |
| Other Long-Term Liabilities | 94.67M | 83.79M | 66.11M | 71.08M | 76.66M | 73.92M |
| Total Liabilities | 1.53B | 1.53B | 1.51B | 1.86B | 1.91B | 1.89B |
| Common Stock | 1.01M | 1.01M | 885.00K | |||
| Additional Paid-In Capital | 1.01B | 1.01B | 718.60M | 374.12M | 370.13M | 277.61M |
| Retained Earnings | -131.84M | -128.41M | -150.72M | -144.11M | 23.11M | 203.13M |
| Comprehensive Income & Other | -12.51M | -7.37M | -13.21M | -4.03M | -6.49M | -1.14M |
| Total Common Equity | 868.95M | 872.97M | 555.55M | 225.99M | 386.75M | 479.61M |
| Minority Interest | 6.58M | 5.42M | 4.67M | 99.26M | 156.90M | 196.72M |
| Shareholders' Equity | 875.52M | 878.39M | 560.22M | 325.25M | 543.65M | 676.33M |
| Total Liabilities & Equity | 2.40B | 2.41B | 2.07B | 2.19B | 2.45B | 2.57B |
| Total Debt | 947.21M | 957.49M | 1.02B | 1.32B | 1.35B | 1.38B |
| Net Cash (Debt) | -906.75M | -830.86M | -974.80M | -1.29B | -1.29B | -1.26B |
| Net Cash Per Share | -9.40 | -9.20 | -11.70 | -18.01 | -17.95 | |
| Filing Date Shares Outstanding | 100.96M | 100.82M | 88.52M | |||
| Total Common Shares Outstanding | 100.96M | 100.72M | 88.52M | |||
| Working Capital | 399.86M | 384.98M | 219.06M | 262.31M | 307.91M | 320.00M |
| Book Value Per Share | 8.61 | 8.67 | 6.28 | |||
| Tangible Book Value | 149.37M | 134.06M | -153.65M | -518.95M | -596.17M | -719.85M |
| Tangible Book Value Per Share | 1.48 | 1.33 | -1.74 | |||
| Land | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | |
| Buildings | 57.37M | 52.13M | 50.18M | 45.52M | 41.21M | |
| Machinery | 1.10B | 1.06B | 1.01B | 981.72M | 903.22M | |
| Construction In Progress | 1.84M | 1.34M | 16.83M | 5.67M | 3.14M | |
| Order Backlog | 5.90B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 28.85M | 22.39M | -6.72M | -186.18M | -168.15M | 40.51M |
| Depreciation & Amortization | 169.40M | 161.21M | 156.03M | 162.82M | 169.82M | 129.52M |
| Other Amortization | 2.28M | 3.58M | 5.31M | 4.48M | 4.89M | 2.74M |
| Loss (Gain) From Sale of Assets | -7.09M | -7.40M | -3.63M | -4.55M | -6.36M | -6.91M |
| Asset Writedown & Restructuring Costs | 213.99M | 177.09M | ||||
| Stock-Based Compensation | 10.64M | 8.08M | 2.23M | 1.85M | 1.65M | 1.73M |
| Other Operating Activities | -2.79M | -11.11M | -2.63M | -6.16M | -3.98M | 22.20M |
| Change in Accounts Receivable | -174.31M | -174.31M | 60.25M | 15.80M | -125.28M | -28.67M |
| Change in Accounts Payable | 60.87M | 60.87M | 7.57M | -26.75M | 49.49M | -8.47M |
| Change in Unearned Revenue | 20.15M | 20.15M | -18.62M | 7.87M | 23.99M | -5.36M |
| Change in Other Net Operating Assets | -36.81M | -8.25M | -40.92M | -18.81M | -33.40M | -17.36M |
| Operating Cash Flow | 74.09M | 78.12M | 158.23M | 167.47M | 94.63M | 109.48M |
| Capital Expenditures | -89.31M | -86.33M | -99.33M | -106.65M | -129.59M | -110.42M |
| Sale of Property, Plant & Equipment | 44.06M | 43.95M | 9.96M | 11.80M | 12.53M | 16.01M |
| Cash Acquisitions | -47.19M | -45.83M | -822.17M | |||
| Investing Cash Flow | -94.44M | -88.20M | -89.38M | -94.85M | -117.06M | -916.58M |
| Long-Term Debt Issued | 463.18M | 353.77M | 197.10M | 176.14M | 1.36B | |
| Long-Term Debt Repaid | -620.76M | -640.70M | -260.44M | -236.90M | -456.21M | |
| Net Debt Issued (Repaid) | -212.44M | -157.58M | -286.93M | -63.34M | -60.76M | 907.17M |
| Issuance of Common Stock | 250.92M | 250.92M | 327.67M | 89.65M | 8.32M | |
| Common Dividends Paid | -15.00M | -31.00M | ||||
| Other Financing Activities | -4.34M | -4.59M | -93.35M | -40.11M | -41.34M | -956.00K |
| Financing Cash Flow | 34.14M | 88.76M | -52.62M | -103.45M | -27.45M | 883.54M |
| Foreign Exchange Rate Adjustments | -290.00K | 365.00K | -624.00K | 273.00K | -854.00K | 159.00K |
| Net Cash Flow | 13.50M | 79.04M | 15.61M | -30.56M | -50.74M | 76.59M |
| Free Cash Flow | -15.22M | -8.20M | 58.90M | 60.81M | -34.96M | -937.00K |
| Free Cash Flow Margin | -0.45% | -0.27% | 2.23% | 2.10% | -1.27% | -0.04% |
| Free Cash Flow Per Share | -0.16 | -0.09 | 0.71 | 0.85 | -0.49 | |
| Levered Free Cash Flow | -10.19M | 4.57M | 141.50M | 106.67M | -7.59M | |
| Unlevered Free Cash Flow | 24.17M | 44.85M | 191.69M | 163.11M | 25.87M | |
| Cash Interest Paid | 57.72M | 67.01M | 78.27M | 98.34M | 50.21M | 13.67M |
| Cash Income Tax Paid | 9.02M | 3.58M | 9.36M | 13.60M | 3.48M | 22.50M |
| Change in Working Capital | -127.19M | -98.63M | 7.65M | -18.80M | -80.34M | -80.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.17B | 2.58B | 1.75B | |||
| Enterprise Value | 3.08B | 3.64B | 2.76B | |||
| Last Close Price | 21.49 | 25.94 | 19.76 | |||
| PE Ratio | 71.62 | 115.34 | ||||
| Forward PE | 28.81 | 32.68 | 25.71 | |||
| PS Ratio | 0.64 | 0.87 | 0.66 | |||
| PB Ratio | 2.50 | 2.94 | 3.12 | |||
| P/TBV Ratio | 14.53 | 19.27 | ||||
| P/FCF Ratio | 29.70 | |||||
| P/OCF Ratio | 29.28 | 33.06 | 11.05 | |||
| PEG Ratio | 0.58 | 0.90 | 1.58 | |||
| EV/Sales Ratio | 0.91 | 1.22 | 1.05 | |||
| EV/EBITDA Ratio | 12.69 | 15.13 | 11.90 | |||
| EV/EBIT Ratio | 30.22 | 35.72 | 28.53 | |||
| EV/FCF Ratio | 46.90 | |||||
| Debt / Equity Ratio | 1.08 | 1.09 | 1.83 | 4.07 | 2.48 | 2.04 |
| Debt / EBITDA Ratio | 2.19 | 2.43 | 2.83 | 3.05 | 3.60 | 4.10 |
| Debt / FCF Ratio | 17.38 | 21.78 | ||||
| Net Debt / Equity Ratio | 1.04 | 0.95 | 1.74 | 3.97 | 2.37 | 1.87 |
| Net Debt / EBITDA Ratio | 3.74 | 3.45 | 4.20 | 4.46 | 5.42 | 5.81 |
| Net Debt / FCF Ratio | -59.58 | -101.28 | 16.55 | 21.23 | -36.79 | -1,347.36 |
| Asset Turnover | 1.50 | 1.33 | 1.24 | 1.25 | 1.10 | |
| Quick Ratio | 1.66 | 1.69 | 1.49 | 1.55 | 1.64 | 1.84 |
| Current Ratio | 1.82 | 1.78 | 1.57 | 1.62 | 1.72 | 1.93 |
| Return on Equity (ROE) | 4.03% | 3.15% | -1.54% | -42.47% | -27.05% | |
| Return on Assets (ROA) | 2.82% | 2.84% | 2.84% | 3.87% | 2.03% | |
| Return on Invested Capital (ROIC) | 5.77% | 6.29% | 6.14% | 8.35% | 4.34% | 3.67% |
| Return on Capital Employed (ROCE) | 5.30% | 5.30% | 5.70% | 8.10% | 4.00% | 4.50% |
| Earnings Yield | 1.40% | 0.87% | -0.38% | |||
| FCF Yield | -0.70% | -0.32% | 3.37% | |||
| Payout Ratio | 76.52% | |||||
| Buyback Yield / Dilution | -9.00% | -8.42% | -16.21% |