Centuri Holdings, Inc. (CTRI) AI Stock Analysis
CTRI AI stock analysis summary
AI ResearchCenturi Holdings, Inc. (CTRI) provides utility infrastructure services across North America for natural gas, electric, and emerging markets. The company generated $2.89B in revenue in FY2025 with an operating cash flow of $78.1M, returning to profitability with net income of $22.4M. However, total debt reached $929.2M as of June 30, 2026, while its trailing twelve months operating margin was 2.8%.
- Market cap
- $1.99B
- Revenue (TTM)
- $3.39B
- P/E
- 59.8x fwd 20.5x
- 1Y return
- -2.3% S&P 500 16.8%
- Avg. target
- $28.50 44.5% vs last close
Bull case
- Quarterly revenue grew 32.9% year-over-year in the latest quarter ended June 30, 2026.
- Analysts project current fiscal year EPS to grow 127.7% to $0.68 on revenue of $3.68B.
- The mean analyst price target of $28.50 suggests a 44.5% potential gain from the closing price of $19.73.
Bear case
- Centuri carries total debt of $929.2M against $40.5M in cash and short-term investments as of June 30, 2026.
- The company generated free cash flow of -$8.2M in FY2025 as capital expenditures reached $86.3M.
- Quarterly earnings fell 33.3% year-over-year in the quarter ended June 30, 2026.
What Centuri does
Centuri Holdings, Inc. is a North American provider of utility infrastructure services, serving electric, natural gas, and combination utility companies. For natural gas utilities, it delivers maintenance, repair, installation, and replacement services aimed at improving infrastructure efficiency and reliability. For electric utilities, the company offers design, maintenance, repair, upgrades, and expansions of transmission and distribution infrastructure. Centuri also supports emerging markets, including renewable energy and 5G datacom. Established in 1909 and headquartered in Phoenix, Arizona, the company operates as a subsidiary of Southwest Gas Holdings, Inc.
Growth and profitability
Centuri grew revenue from $2.16B in FY2021 to $2.76B in FY2022 and $2.90B in FY2023, before declining 9.0% to $2.64B in FY2024. In FY2025, revenue increased 9.4% to $2.89B, reflecting a 5-year revenue CAGR of 8.2% from FY2020. Profitability fluctuated, recording net income of $40.5M in FY2021, net losses of -$168.1M in FY2022, -$186.2M in FY2023, and -$6.7M in FY2024, before rebounding to $22.4M in FY2025 with gross margin at 8.5%. For the trailing twelve months ended June 30, 2026, revenue reached $3.39B. In the quarter ended June 30, 2026, quarterly revenue grew 32.9% year-over-year, while quarterly earnings fell 33.3%.
Balance sheet and cash flow
As of June 30, 2026, Centuri held $40.5M in cash and short-term investments against total debt of $929.2M, resulting in net debt of $888.8M. The company reported total assets of $2.40B, shareholders' equity of $868.9M, a current ratio of 1.82, and a debt-to-equity ratio of 1.07. In FY2025, operating cash flow was $78.1M and capital expenditures totaled $86.3M, yielding free cash flow of -$8.2M. Over five years, its share count increased by 16.6%.
Valuation and performance
Centuri has a market capitalization of $1.99B and an enterprise value of $2.93B. Its trailing P/E of 59.8x trades at a premium to the 20.6x median of its US-listed Utilities peers, while its forward P/E of 20.5x also exceeds the peer median of 17.2x. However, its price-to-sales multiple of 0.6x and EV/EBITDA of 11.1x are lower than the peer medians of 2.4x and 12.1x, respectively. Over the past year, CTRI stock fell 2.3%, underperforming the S&P 500 return of 16.8%.
What analysts expect
Centuri carries analyst coverage consisting of 3 Strong Buy, 2 Hold, and 2 Sell ratings. The mean price target is $28.50, representing an upside of 44.5% compared to the October 16, 2026 close of $19.73. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $0.68 and revenue of $3.68B. For FY2027, 5 analysts project EPS of $0.97 and revenue of $4.15B. The company beat EPS estimates in 2 of the last 4 quarters, with next earnings scheduled for November 4, 2026.
Key risks and what to watch
- High financial leverage is indicated by net debt of $888.8M and a debt-to-equity ratio of 1.07 as of June 30, 2026.
- Trailing twelve months operating margin was 2.8%, substantially lower than the US-listed Utilities peer median of 22.6%.
- CTRI shares have fallen 21.9% year-to-date and sit 28.8% below their 200-day moving average.
- The company has topped quarterly EPS estimates in only 2 of the past 4 quarters.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CTRI AI stock analysis
This page is an AI-written research summary of Centuri Holdings, Inc. (CTRI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CTRI income statement, CTRI balance sheet, CTRI key metrics, CTRI analyst forecast, CTRI chart. See the CTRI stock overview for the latest quote and news.
CTRI AI stock analysis FAQ
When is Centuri Holdings' next earnings report date?
Centuri is scheduled to report its next quarterly earnings on November 4, 2026.
What are analysts forecasting for Centuri's earnings and revenue?
For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.68 and revenue of $3.68B. For the following fiscal year, 5 analysts project EPS of $0.97 and revenue of $4.15B.
How much debt does Centuri Holdings carry?
As of June 30, 2026, Centuri had $929.2M in total debt and $40.5M in cash and short-term investments, which results in net debt of $888.8M.
What is the mean analyst price target for CTRI stock?
The mean analyst price target for CTRI is $28.50, which is 44.5% above its closing price of $19.73 on October 16, 2026.