Centuri Holdings, Inc. (CTRI) AI Stock Analysis

• Market Cap: $1.87B
• Dividend Yield: N/A
• Average Volume (3M): 2.55M
• Price to Earnings (P/E): 2081.0
• Beta (1Y): 1.22
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 8,687
• Sector: General
• Sector Strength: N/A
• Industry: Regulated Gas
• EPS (TTM): 0.19
• Shares Outstanding: 88,649,155
• 10 Day Avg. Volume: 2,285,569
• 30 Day Avg. Volume: 2,548,229
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.60
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 13.51
• Enterprise Value/Ebitda: 12.06
• 1Y Price Target: $21.33
• Price Target Upside: 1.09% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 42 Neutral
• Price Target: $20.00 ▼(-5.21% Downside)

Centuri Holdings, Inc. is facing significant financial challenges, with declining revenues and a negative profitability outlook. The technical analysis indicates a bearish trend, and the valuation metrics are unattractive due to a negative P/E ratio and no dividend yield. These factors contribute to a low overall stock score.

Positive Factors

Business Model Strength

Centuri's focus on utility infrastructure services ensures steady demand, driven by the need for reliable energy delivery and infrastructure upgrades.

Cash Generation Ability

Despite profitability challenges, Centuri's ability to generate operating cash flow highlights its resilience and operational efficiency.

Industry Trends

Regulatory focus on infrastructure and renewable energy supports long-term demand for Centuri's services, aligning with sustainable industry trends.

Negative Factors

Declining Revenue

Decreasing revenue indicates potential loss of market share or project delays, impacting long-term growth prospects and financial health.

Balance Sheet Health

Zero stockholders' equity and high leverage pose financial risks, limiting the company's ability to invest in growth and weather economic downturns.

Profitability Issues

Persistent negative profit margins highlight ongoing challenges in cost management and pricing power, affecting long-term sustainability.

Centuri Holdings, Inc. Business Overview & Revenue Model

Company Description

Centuri Holdings, Inc. (CTRI) is a diversified company operating primarily in the energy infrastructure sector. The company specializes in providing essential services related to the construction and maintenance of utility infrastructure, with a focus on natural gas and electric power systems. Centuri Holdings delivers comprehensive solutions that support the safe and reliable delivery of these vital resources, catering to a broad range of clients including utility companies, municipalities, and other energy providers.

How the Company Makes Money

Centuri Holdings, Inc. generates revenue primarily through contracts with utility companies and municipalities for the construction, maintenance, and repair of natural gas and electric power infrastructure. The company offers a range of services, including pipeline and cable installation, maintenance, and emergency repair services. Revenue is largely driven by long-term service agreements, project-based contracts, and strategic partnerships with key players in the utility sector. Additionally, Centuri Holdings benefits from regulatory and industry trends emphasizing infrastructure upgrades and renewable energy integration, which contribute to steady demand for their services.

Centuri Holdings, Inc. Financial Statement Overview

Summary

Centuri Holdings, Inc. is facing financial difficulties with declining revenue, negative profitability, and a weakened balance sheet. The income statement shows declining revenues and negative net profit margins. The balance sheet is concerning with zero stockholders' equity, indicating potential financial instability. However, cash flow analysis reveals resilient operating cash flow, which is a positive aspect.

Income Statement

The income statement reflects a challenging period for Centuri Holdings, Inc. with declining revenues from $2.9 billion in 2023 to $2.5 billion in 2024. The gross profit margin decreased from 9.44% in 2023 to 8.72% in 2024, and the net profit margin remains negative, indicating profitability issues. EBIT margin improved from -2.68% in 2023 to 3.43% in 2024, but EBITDA margin showed slight improvement. Overall, the company faces growth and profitability challenges.

Balance Sheet

Centuri Holdings, Inc. shows a concerning balance sheet with zero stockholders' equity in 2024, indicating potential financial instability. The debt-to-equity ratio is undefined, reflecting high leverage, and the return on equity cannot be calculated due to the lack of equity. The company needs to address its balance sheet health to improve potential risks associated with high leverage.

Cash Flow

Cash flow analysis reveals a resilient operating cash flow, which decreased slightly from $167 million in 2023 to $158 million in 2024. Free cash flow showed a minor decline, but the free cash flow to net income ratio improved due to lower negative net income. The operating cash flow to net income ratio indicates the company's ability to generate cash despite negative profits, but capital expenditures remain a significant outflow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.69B	2.64B	2.90B	2.76B	2.16B
Gross Profit	221.67M	220.67M	273.44M	180.05M	186.05M
EBITDA	248.32M	241.46M	85.32M	67.50M	229.05M
Net Income	-3.24M	-6.72M	-186.18M	-168.15M	40.51M
Balance Sheet
Total Assets	2.11B	2.07B	2.19B	2.56B	2.57B
Cash, Cash Equivalents and Short-Term Investments	28.33M	49.02M	33.41M	63.97M	114.71M
Total Debt	1.05B	1.01B	1.31B	1.33B	1.36B
Total Liabilities	1.54B	1.51B	1.86B	2.01B	1.89B
Stockholders Equity	567.13M	555.55M	225.99M	386.75M	479.61M
Cash Flow
Free Cash Flow	132.32M	58.90M	60.81M	-34.96M	-937.00K
Operating Cash Flow	223.66M	158.23M	167.47M	94.63M	109.48M
Investing Cash Flow	-83.11M	-89.38M	-94.85M	-156.71M	-916.58M
Financing Cash Flow	-143.00M	-52.62M	-103.45M	12.20M	883.54M

Centuri Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTRI, the sentiment is Negative. The current price of 21.1 is below the 20-day moving average (MA) of 21.77, below the 50-day MA of 21.19, and above the 200-day MA of 20.05, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 16.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTRI.

Centuri Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SR	71 Outperform	4.75B	17.03	8.21%	3.90%	-6.65%	11.47%
NWN	71 Outperform	1.83B	17.26	7.08%	4.39%	8.40%	17.90%
CPK	70 Outperform	3.16B	23.52	8.60%	1.98%	19.02%	20.13%
OGS	68 Neutral	4.81B	18.50	7.78%	3.33%	13.43%	6.49%
SWX	67 Neutral	5.62B	29.04	5.27%	3.17%	-10.07%	5.98%
CTRI	42 Neutral	$1.87B	2,080.95	-0.59%	―	―	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Centuri Holdings, Inc. Corporate Events

Centuri Holdings Enters Underwriting Agreement with J.P. Morgan

On August 6, 2025, Centuri Holdings, Inc. entered into a Registration Rights Letter Agreement with Icahn Investors, granting them certain resale registration rights for shares sold in a Concurrent Private Placement. The company agreed to register the resale of these shares by November 19, 2025. Additionally, on August 7, 2025, Centuri Holdings entered into an Underwriting Agreement with J.P. Morgan Securities LLC and other underwriters, which included a 30-day lock-up period for selling or transferring Centuri Common Stock without consent. These agreements are part of Centuri’s strategic financial maneuvers, impacting its stock liquidity and market operations.

Centuri Holdings Amends Credit Agreement for Flexibility

On July 9, 2025, Centuri Holdings, Inc. and its subsidiary Centuri Group, Inc. amended their Credit Agreement to include several significant changes. These include joining Centuri Holdings as a borrower, allowing Southwest Gas Holdings, Inc. to reduce its ownership without defaulting, refinancing an $800 million term loan facility, increasing the revolving credit facility to $450 million, and extending its maturity date to 2030. The amendments also adjust financial covenants and decrease interest rate margins, impacting the company’s financial operations and flexibility.

Centuri Holdings Signs Underwriting Agreement with Icahn Investors

Centuri Holdings, Inc. has entered into agreements related to a Concurrent Private Placement and an Offering, involving the Icahn Investors and several underwriters, including J.P. Morgan Securities LLC. On June 16, 2025, the company signed an Underwriting Agreement which includes restrictions on the sale or transfer of Centuri Common Stock for 45 days post-Prospectus Supplement, impacting stakeholders by potentially stabilizing stock prices in the short term.