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NYSE · NATURAL GAS TRANSMISISON & DISTRIBUTION · LARGE CAP

Centuri Holdings, Inc. CTRI

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.0B
▲ 13.1% YoY
$22.4M
$-8.2M
▼ 113.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Its service offerings 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 demand. It operates across 97 locations in 46 U.S. states and six Canadian provinces. As of December 28, 2025, it had 9,687 regular full-time equivalent employees. During fiscal 2025, it served over 400 customers, including American Electric Power, Enbridge, Entergy, Exelon, NiSource, National Grid, Sempra Energy and Southern Company. It reports its results under four reportable segments: U.S. Gas Utility Services, Canadian Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services. It was previously a privately held subsidiary of Southwest Gas Holdings, Inc., and completed its initial public offering on the New York Stock Exchange on April 17, 2024. Centuri Holdings, Inc. was incorporated in Delaware in 2023, and its executive offices are located at 19820 North 7th Avenue, Suite 120, Phoenix, Arizona.

Written from the business description in Centuri Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.0B
Revenue, FY2025 · full 4-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.0 · Net income 0.0
2B3B
20222025
Compound annual growth
+2.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.1% · Net 0.8%
1%2%3%-2%-4%-6%
202220232025
ROE
FY2025 · ROE 3.1%
-20%-40%-60%
202220232025
Three returns, three denominators.

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -8.2
25.0M50.0M-15.0M-30.0M
202220232025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks ·
10M20M
202220232024

Total assetsUSD 2.4B
EquityUSD 873.0M
CashUSD 126.6M
Gross debtUSD 737.6M
Net debtUSD 611.0M
Current ratio1.78×

Net debt stands at 70% of equity.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CTRI, 4-year financial record
Metric 2025202420232022
Revenue $B3.02.62.92.8
Operating income $B0.10.1−0.1−0.1
EBITDA $B0.20.20.00.0
Income tax $B−0.00.00.00.0
Net income $B0.0−0.0−0.2−0.2
Free cash flow $B−0.00.10.1−0.0
EPS, diluted $0.25−0.08−2.60−2.35
Dividend / sh $◌◌◌15000.00
Payout %—−0−0−9
ROE %3.1−1.7−60.8−43.5
Shares out B0.100.090.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNatural Gas Transmisison & Distribution
Listed onNYSE
Incorporated inDelaware
Fiscal year endsJanuary 3
Data on record since2022

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