Centuri Holdings, Inc. (CTRI)
Centuri Holdings, Inc. delivers specialized utility infrastructure services across North America. The company's operations are divided into four key segments: Gas Utility Services in the U.S., Gas Utility Services in Canada, Union Electric Utility Services, and Non-Union Electric Utility Services. For natural gas distribution utilities, Centuri provides a comprehensive suite of services, including routine maintenance, system replacements, repairs, and new installations, all with an emphasis on modernizing their infrastructure. Similarly, within the electric utility sector, the company offers services ranging from the upkeep and replacement of existing systems to the repair, upgrade, and expansion of urban transmission and local distribution networks. Centuri's clientele primarily consists of electric, gas, and integrated utility providers. Furthermore, it extends its services to emerging markets such as renewable energy projects, data centers, and 5G telecommunications infrastructure. Founded in 1909, Centuri Holdings, Inc. is based in Phoenix, Arizona, and operates as a subsidiary of Southwest Gas Holdings, Inc.
Sector: Natural Gas Transmisison & Distribution
Industry: Regulated Gas
Centuri Holdings, Inc.
NYSE:CTRIUtilities · Regulated Gas
+0.10%$19.34
AH Close$19.34+0.00%vs close
AH Close$19.34+0.00%vs close
Mkt Cap$1.95B
Float86.24M
O/S100.96M
Inst Own-
SI6.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.89B
Net Income$22.39M
Total Assets$2.41B
Free Cash Flow-$8.2M
Debt & Equity
Debt 52%
Equity 48%
Total Debt$938.11M
Total Equity$872.97M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:30Reverse splitFeb 13, 200730 shares → 1
- 1:16Reverse splitSep 23, 200416 shares → 1
Balance Sheet Details
Assets$2.41B
Liabilities$1.53B
Accounts Receivable$709.79M
Accounts Payable$193.57M
Inventory$0
PP&E (Net)$667.74M
Goodwill$395.67M
Intangible Assets$343.24M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $2.89B | $2.64B | $2.9B | $2.76B | $2.16B | $1.95B |
| YoY Growth | 9.4% | -9.0% | 5.0% | 27.9% | 10.8% | - |
| Cost of Revenue | $2.64B | $2.42B | $2.63B | $2.55B | $1.97B | $1.73B |
| Gross Profit | $246.57M | $220.67M | $273.44M | $214.61M | $186.05M | $213.85M |
| Gross Margin | 8.5% | 8.4% | 9.4% | 7.8% | 8.6% | 11.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $126.46M | $107.25M | $110.34M | $109.2M | $86.52M | $80.94M |
| Other | $27.28M | $26.64M | $240.66M | $206.84M | $0 | $21.61M |
| Total Operating Expenses | $153.75M | $133.89M | $351.01M | $316.04M | $86.52M | $102.55M |
| Operating Income (EBIT) | $92.82M | $86.78M | -$77.56M | -$101.43M | $99.53M | $111.31M |
| Operating Margin | 3.2% | 3.3% | -2.7% | -3.7% | 4.6% | 5.7% |
| Interest Expense | $78.43M | $90.52M | $78.11M | $61.37M | $21M | $9.27M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$78.23M | -$90.14M | -$97.41M | -$62.26M | -$33.91M | -$9.48M |
| Income Before Tax (EBT) | $14.59M | -$3.36M | -$174.98M | -$163.69M | $65.62M | $101.83M |
| Income Tax Expense | -$8.06M | $3.47M | $9.53M | $1.3M | $18.68M | $31.21M |
| Net Income | $22.39M | -$6.72M | -$186.18M | -$168.15M | $40.51M | $63.97M |
| Net Income Margin | 0.8% | -0.3% | -6.4% | -6.1% | 1.9% | 3.3% |
| Supplementary Data | ||||||
| EPS | 0.25 | -0.08 | -2.10 | -1.90 | 0.46 | 0.72 |
| Diluted EPS | 0.25 | -0.08 | -2.10 | -1.90 | 0.46 | 0.72 |
| Weighted Average OS | 90.00M | 83.29M | 88.52M | 88.52M | 88.52M | 88.52M |
| EBITDA | $254.23M | $243.19M | $85.32M | $67.5M | $216.14M | $218.76M |
| EBITDA Margin | 8.8% | 9.2% | 2.9% | 2.4% | 10.0% | 11.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $126.63M | $49.02M | $33.41M | $63.97M | $114.71M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $126.63M | $49.02M | $33.41M | $63.97M | $114.71M |
| Accounts Receivable | $709.79M | $519.61M | $617.26M | $632.08M | $510.78M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $44.95M | $32.76M | $32.26M | $37.38M | $38.03M |
| Total Current Assets | $881.38M | $601.38M | $682.93M | $733.43M | $663.52M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $667.74M | $649.24M | $707.41M | $685.45M | $651.87M |
| Goodwill | $395.67M | $368.3M | $375.89M | $587.68M | $772.95M |
| Intangible Assets | $343.24M | $340.9M | $369.05M | $395.25M | $426.5M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $119.68M | $114.56M | $54.63M | $52.05M | $52.8M |
| Total Long-Term Assets | $1.53B | $1.47B | $1.51B | $1.72B | $1.9B |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.41B | $2.07B | $2.19B | $2.45B | $2.57B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $193.57M | $125.73M | $116.58M | $144.57M | $93.64M |
| Short-Term Debt | $29.54M | $30.02M | $42.55M | $44.56M | $22.32M |
| Current Income Tax Payable | $0 | $0 | $3.59M | $6.99M | $10.68M |
| Current Unearned Revenue | $50.51M | $24.98M | $43.69M | $35.77M | $11.86M |
| Other Current Liabilities | $90.57M | $77.26M | $92.2M | $72.97M | $102.38M |
| Total Current Liabilities | $496.39M | $382.33M | $420.61M | $425.52M | $343.52M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $708.07M | $843.86M | $1.11B | $1.15B | $1.23B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $78.36M | $115.11M | $135.12M | $144.66M | $155.03M |
| Other Long-Term Liabilities | $83.79M | $66.11M | $71.08M | $76.66M | $73.92M |
| Total Long-Term Liabilities | $1.03B | $1.13B | $1.44B | $1.48B | $1.55B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.53B | $1.51B | $1.86B | $1.91B | $1.89B |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.01M | $885K | $0 | $0 | $0 |
| Retained Earnings | -$128.41M | -$150.72M | -$144.11M | $23.11M | $203.13M |
| Comprehensive Income & Other | -$7.37M | -$13.21M | -$4.03M | -$6.49M | -$1.14M |
| Other Stockholders' Equity | $1B | $705.39M | $370.1M | $363.64M | $276.48M |
| Total Equity | $872.97M | $555.55M | $225.99M | $386.75M | $479.61M |
| Minority Interest | $5.42M | $4.67M | $99.26M | $156.9M | $196.72M |
| Total Liabilities and Equity | $2.4B | $2.07B | $2.09B | $2.3B | $2.37B |
| Supplementary Data | |||||
| Total Debt | $938.11M | $1.01B | $1.31B | $1.33B | $1.36B |
| Net Debt | $811.48M | $959.64M | $1.28B | $1.27B | $1.25B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $22.65M | -$6.82M | -$186.18M | -$164.99M | $46.94M | $70.63M |
| Depreciation & Amortization | $161.21M | $156.03M | $162.82M | $169.82M | $129.52M | $107.66M |
| Deferred Income Tax | -$14.11M | -$5.1M | -$7.83M | -$7.14M | $15.77M | $9.79M |
| Stock-Based Compensation | $8.08M | $2.23M | $1.85M | $1.65M | $1.73M | $777K |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$174.31M | $57.05M | $15.8M | -$125.28M | -$28.67M | -$52.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $60.87M | $7.57M | -$26.75M | $49.49M | -$8.47M | -$17.96M |
| Other Working Capital | $42.65M | -$30.52M | $14.06M | $12.18M | -$28.51M | $84.69M |
| Total Working Capital Change | -$70.79M | $34.1M | $3.11M | -$63.61M | -$65.65M | $14.02M |
| Other Non-Cash Items | -$28.92M | -$22.21M | $193.69M | $158.89M | -$18.83M | -$3.35M |
| Net Cash from Operating | $78.12M | $158.23M | $167.47M | $94.63M | $109.48M | $199.52M |
| Investing Activities | ||||||
| Capital Expenditures | -$86.33M | -$99.33M | -$106.65M | -$129.59M | -$110.42M | -$132.89M |
| Acquisitions | -$45.83M | $0 | $0 | $0 | -$822.17M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $43.95M | $9.96M | $11.8M | $12.53M | $16.01M | $8.16M |
| Net Cash from Investing | -$88.2M | -$89.38M | -$94.85M | -$117.06M | -$916.58M | -$124.72M |
| Financing Activities | ||||||
| Debt Repaid | $160.79M | $286.93M | $63.34M | $60.76M | -$907.17M | $15.74M |
| Common Stock Issuance | $250.92M | $327.67M | $0 | $89.65M | $8.32M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$15M | -$31M | -$26M |
| Other Financing Activities | -$1.37M | -$93.35M | -$40.11M | -$41.34M | -$956K | -$1.5M |
| Net Cash from Financing | $88.76M | -$52.62M | -$103.45M | -$27.45M | $883.54M | -$43.24M |
| Forex Effect | $365K | -$624K | $273K | -$854K | $159K | $228K |
| Net Change in Cash | $79.04M | $15.61M | -$30.56M | -$50.74M | $76.59M | $31.78M |
| Supplementary Data | ||||||
| Operating Cash Flow | $78.12M | $158.23M | $167.47M | $94.63M | $109.48M | $199.52M |
| Capital Expenditure | -$86.33M | -$99.33M | -$106.65M | -$129.59M | -$110.42M | -$132.89M |
| Free Cash Flow | -$8.2M | $58.9M | $60.81M | -$34.96M | -$937K | $66.63M |
| Cash at Beginning | $49.02M | $33.41M | $63.97M | $114.71M | $38.11M | $6.33M |
| Cash at End | $128.06M | $49.02M | $33.41M | $63.97M | $114.71M | $38.11M |