Centuri Holdings, Inc. CTRI
We are a leading North American utility and energy infrastructure services company with over 115 years of operating history, and we partner with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses. We serve as a long-term strategic partner to, and an extension of, North America's electric, gas, and combination utility providers, delivering a wide range of infrastructure solutions that ensure safe, reliable and environmentally sustainable energy operations. Our service offerings primarily consist of the modernization of utility infrastructure through the replacement, maintenance, retrofitting, and installation of electric and natural gas distribution and utility-scale transmission networks and building capacity to meet current and future demands. We also serve complementary, attractive and growing end markets such as distributed power projects and data centers. Our essential services enable our customers to enhance the safety, reliability and environmental sustainability of the electric and natural gas networks that consumers rely upon to meet their essential and evolving energy needs. Guided by our values and our unwavering commitment to serve as long-term partners to customers and communities, our more than 9,600 employees enable our customers to safely and reliably deliver electricity and natural gas and achieve their goals for environmental sustainability.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.98B | $2.64B | $2.90B | $2.76B | — |
| Cost of revenue | $2.74B | $2.42B | $2.63B | $2.55B | — |
| Gross profit | $246.6M | $220.7M | $273.4M | $214.6M | — |
| SG&A | $126.5M | $107.2M | $110.3M | $109.2M | — |
| Operating income | $92.8M | $86.8M | -$77.6M | -$101.4M | — |
| Pre-tax income | $14.6M | -$3.4M | -$175.0M | -$163.7M | — |
| Income tax | $8.1M | $3.5M | $9.5M | $1.3M | — |
| Net income | $22.4M | -$6.7M | -$186.2M | -$168.1M | — |
| EPS, basic | 0.25 | -0.08 | -2.60 | -2.35 | — |
| EPS, diluted | 0.25 | -0.08 | -2.60 | -2.35 | — |
| Shares, diluted (wtd. avg.) | 90.3M | 83.3M | 71.7M | 71.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $126.6M | $49.0M | $33.4M | $64.0M | $114.7M |
| Receivables | $314.7M | $281.4M | $347.5M | — | — |
| Total current assets | $881.4M | $601.4M | $682.9M | — | — |
| Property, plant and equipment | $466.8M | $511.3M | $545.4M | — | — |
| Goodwill | $395.7M | $368.3M | $375.9M | $587.7M | — |
| Other intangibles | $343.2M | $340.9M | $369.0M | — | — |
| Total assets | $2.41B | $2.07B | $2.19B | — | — |
| Accounts payable | $193.6M | $125.7M | $116.6M | — | — |
| Short-term debt | $29.5M | $30.0M | $42.6M | — | — |
| Total current liabilities | $496.4M | $382.3M | $420.6M | — | — |
| Long-term debt | $708.1M | $843.9M | $1.11B | — | — |
| Total liabilities | $1.53B | $1.51B | $1.86B | — | — |
| Retained earnings | -$128.4M | -$150.7M | -$144.1M | — | — |
| Total equity | $873.0M | $555.6M | $226.0M | $386.8M | $479.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $78.1M | $158.2M | $167.5M | $94.6M | — |
| Depreciation and amortisation | $111.5M | $108.7M | $118.8M | $125.6M | — |
| Stock-based compensation | $8.1M | $2.2M | $1.9M | $1.7M | — |
| Capital expenditure | $86.3M | $99.3M | $106.7M | $129.6M | — |
| Investing cash flow | -$88.2M | -$89.4M | -$94.8M | -$117.1M | — |
| Financing cash flow | $88.8M | -$52.6M | -$103.4M | -$27.5M | — |
| Dividends paid | — | $0 | $0 | $15.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001981599-26-000046.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $2.76B | $2.90B | $2.64B | $2.98B |
| Gross profit | — | $214.6M | $273.4M | $220.7M | $246.6M |
| Net income | — | -$168.1M | -$186.2M | -$6.7M | $22.4M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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