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Centuri Holdings, Inc.(CTRI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$20.51
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CTRI

09/25/2026: CTRI (1-star) is currently NOT-A-BUY. Pass it for now.

Centuri Holdings, Inc. is a specialized construction and infrastructure services provider, primarily focused on the critical maintenance and installation of electric and gas distribution systems for North American utility companies. The company benefits from stable, long-term master service agreements that support recurring revenue, driven by secular grid modernization trends. While Centuri has a leading position in its niche and significant growth opportunities in infrastructure resilience, it faces risks related to customer concentration, operational execution, and potential changes in utility capital expenditure. Investors should monitor contract renewals and margin performance. It is generally better suited for growth-oriented investors looking for exposure to utility infrastructure rather than those prioritizing immediate dividends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitCenturi offers exposure to multi-year utility capital spending trends essential for grid modernization.
Momentum investorMixed fitThe stock's performance depends on broader market sentiment toward industrial and utility infrastructure themes.
Value investorMixed fitValuation is sensitive to the cyclical nature of infrastructure spending and long-term contract reliability.
Dividend investorWeak fitThe company currently prioritizes capital reinvestment over dividend payments.
Low-risk investorMixed fitWhile utility contracts are stable, construction-related operational risks and market volatility remain present.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock may experience price swings typical of small-to-mid-cap industrial services firms.
Valuation riskMediumPerformance depends on sustaining growth in a competitive and capital-intensive market.
Competition risk (Infrastructure Services)Medium / highIntense competition from well-capitalized firms like Quanta Services affects pricing and contract win rates.
Business qualityMediumStrong recurring revenue from utility partners balances the risks of project-based execution.
Dividend incomeLow / noneThe absence of a dividend removes it from the consideration of income-focused investors.
Execution riskMedium / highProject delays or safety incidents could significantly impact margins and contract renewals.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -6.55%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CTRI receives a 3-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
CTRI has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+433.1%) is partially offset by soft cash generation (FCF margin -0.3%), moderate revenue growth (+9.4%), soft profitability (net margin 0.8%).

Financial Health Rating

★★★★★
CTRI's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 16.0%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CTRI's strongest growth driver at +433.1% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+9.4%, moderate) and free-cash-flow growth (-113.9%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 106.5% and approximately 94.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.62%, which materially reduces the ownership score.

Top 5 Institutional Investors

ICAHN CARL C 14.20%
BlackRock Inc 7.12%
FMR Inc 6.13%
Carronade Capital Management LP 5.46%
D. E. Shaw & Co LP 4.89%

Unit Economics (Per $1K Revenue)

★★★★★
CTRI generates approximately $85 of gross profit, $32 of operating income, and $-3 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -55.28% (Tax Credit)

Quantitative Style Profile

★★★★★
CTRI has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.06B USD
Price to earnings Ratio 61.79
1Y Target Price 29.67
Price to earnings Ratio 61.79
1Y Target Price 29.67
Volume (30-day avg) 1.6M shares
Beta 1.01
52 Weeks Range 19.03 - 42.98
Updated Date 09/25/2026
52 Weeks Range 19.03 - 42.98
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.33

How Company Makes Money

Business areaWhat it includesRetail investor read
Electric Infrastructure ServicesDesign, construction, and maintenance of overhead and underground electric lines.Revenue is earned from essential, ongoing maintenance and upgrades to the electric grid.
Gas Infrastructure ServicesInstallation and maintenance of natural gas distribution networks.Revenue is generated from long-term safety and modernization contracts with gas utilities.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 61.79
Forward PE 20.49
Enterprise Value 2.93B
Price to Sales(TTM) 0.61
Enterprise Value 2.93B
Price to Sales(TTM) 0.61
Enterprise Value to Revenue 0.86
Enterprise Value to EBITDA 11.14
Shares Outstanding 100.96M
Shares Floating 95.13M
Shares Outstanding 100.96M
Shares Floating 95.13M
Percent Insiders 0.62
Percent Institutions 106.51

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Centuri Holdings, Inc.

Exchange NYSE
Headquarters Phoenix, AZ, United States
IPO Launch date 2024-04-18
President, CEO & Director Mr. Christian Ian Brown
Sector Utilities
Industry Utilities - Regulated Gas
Full time employees 9687
Full time employees 9687

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