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Centuri Holdings, Inc.

CTRI·NYSE

$31.21

+2.7%
UtilitiesRegulated Gas

Centuri Holdings, Inc. operates as a utility infrastructure services company in North America. The company operates through four segments: U.S. Gas Utility Services; Canadian Gas Utility Services; Union Electric Utility Services; and Non-Union Electric Utility Services. It offers gas utility services, including maintenance, replacement, repair, and installation for local natural gas distribution utilities focused on the modernization of customers' infrastructure. The company also provides electric utility services encompassing maintenance, replacement, repair, upgrade, and expansion services for urban transmission and local distribution infrastructure. Its customers include electric, gas, and combination utility providers, as well as serves end markets, such as renewable energy, data centers, and 5G datacom. The company was founded in 1909 and is headquartered in Phoenix, Arizona. Centuri Holdings, Inc. is a subsidiary of Southwest Gas Holdings, Inc.

At a Glance

Live Snapshot
Market Cap$3.15B
EPS0.2500
P/E Ratio124.84
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 124.8).

Valuation inputs: P/E 124.8, earnings yield +0.8%, momentum +2.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +2.6%, ROIC +4.7%).

Profitability stack: net margin +0.8%, ROE +2.6%, ROIC +4.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +63.5%, momentum +2.7%, net margin +0.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Centuri Holdings, Inc. Market vs Earnings Trajectory

CTRI · NYSE

Loading price and EPS data...

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Centuri Holdings, Inc. Fair Value Envelope

CTRI · NYSE

Our analysis suggests that CTRI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $31.21, this represents a potential HIDDEN relative to our calculated worth for Centuri Holdings, Inc..

Intrinsic Value
Current Price: $31.21
3Y-113.0%
5Y-65.0%
10Y-65.0%
3Y+5.0%
5Y+48.0%
10Y+48.0%
3Y-113.0%
5Y-65.0%
10Y-65.0%
3Y-17.0%
5Y-61.0%
10Y-61.0%
3Y-77.0%
5Y-112.0%
10Y-112.0%
3Y-2.0%
5Y-6.0%
10Y-6.0%
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Centuri Holdings, Inc. Profit Bridge

CTRI · NYSE
Revenue2.89B
Cost of Goods Sold (2.64B)
Gross Profit246.57M
Operating Expenses (153.75M)
Operating Income92.82M
Interest Expense (78.43M)
Other Income/Expense-78.23M
Pretax Income14.59M
Income Tax (-8.06M)
Net Income22.39M
Net Income
22.39M

Profitability Analysis

Gross Margin

8.5%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

3.2%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

0.8%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

-55.3%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

8.55%
Gross Profit Margin
2%
3Y-9.0%
5Y-1.0%
10Y-22.0%
3.22%
Operating Profit Margin
-2%
3Y-220.0%
5Y-30.0%
10Y-44.0%
0.78%
Net Profit Margin
-404%
3Y-112.0%
5Y-59.0%
10Y-76.0%
2.57%
Return on Equity
-312%
3Y-103.0%
5Y-70.0%
10Y-
0.93%
Return on Assets
-387%
3Y-111.0%
5Y-41.0%
10Y-
4.69%
Return on Invested Capital
-53%
3Y-211.0%
5Y+49.0%
10Y-
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Centuri Holdings, Inc. Cash Conversion Engine

CTRI · NYSE
Net Income0.00
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-98.63M
Others176.75M
Capital Expenditures-86.33M
Free Cash Flow-8.20M

Cash Flow Quality Analysis

CapEx Intensity

110.5%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-113.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$98.63M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Centuri Holdings, Inc. Funding & Solvency Profile

CTRI · NYSE
Cash & Cash Equivalents60.34M
Net Receivables353.05M
Inventory0.00
Other Current Assets392.16M
Total Current Assets806 M
Property, Plant & Equipment664.16M
Goodwill & Intangible Assets728.52M
Long-Term Investments0.00
Other Non-Current Assets123.40M
Total Non-Current Assets788 M
Total Assets
2.32B

Financial Health Analysis

Current Ratio

1.88x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.67x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

377 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

35% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Centuri Holdings, Inc. Street Expectations Map

CTRI · NYSE

Wall Street analysts project that CTRI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 35.25, with estimates ranging from a low of 30.00 to a high of 41.00.

Lowest Target
30.00
-3.88%
Consensus Target
35.25
12.94%
Highest Target
41.00
31.37%

The consensus 1-year price target stands at 35.25, with estimates ranging from a low of 30.00 to a high of 41.00.

Analyst Consensus Analysis

Upside Potential

+12.9%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

31.2% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

8.09x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

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Centuri Holdings, Inc. Insider Positioning

CTRI · NYSE

During the last 12 months, insiders have purchased $75.00M and sold $925.53M worth of CTRI shares, resulting in $850.53M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

3.5M

75.00M

Sold

7.1K

174.22K

Net Activity

+74.8M

+$74.83M

9-12 Months

Bought

0

0.00

Sold

47.2M

925.36M

Net Activity

-925.4M

-$925.36M

Top Buyers

1
ICC

Icahn Carl C

10 Percent Owner

3.5M shares1 transactions

$75.00M

Top Sellers

1
SGHI

Southwest Gas Holdings, Inc.

10 Percent Owner

47.2M shares3 transactions

$925.36M

2
BC

Brown Christian

Director, Officer: Chief Executive Officer

7.1K shares1 transactions

$174K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $850.53M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.08:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

Moderate Selling

2 insider sellers vs. 1 buyers. More insiders selling than buying suggests cautious or negative sentiment.

No Dividend Yield Data

CTRI has not reported any dividend yield values in the available annual periods.

 

ctri Dividend History

CTRI
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%