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Provides utility infrastructure construction and maintenance services for natural gas and electric utilities across North America.
Provides utility infrastructure construction and maintenance services for natural gas and electric utilities across North America.
Is paid mostly under multi-year master service agreements with utilities, billed on agreed unit rates or hours, with larger fixed-price projects layered on top, so work follows utilities' replacement and upgrade budgets. Southwest Gas Holdings, its former sole owner, sold shares to the public in a 2024 IPO and kept control at the time.
Moat: narrow (scale, process know-how). Long-standing utility contractor relationships and specialized crews built over decades of underground/electric construction work.
Headquarters: Phoenix, Arizona, US · Employees: 9,687
Size Centuri (CTRI) is a United States Utilities company (Gas Distributors) with a market value of $2.06B, the 1772nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.37 on 6 Nov 2026.
Performance Over six months the shares fell 41.0%, against -11.8% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 25.2% over the last twelve months (peer median +1.0%); the operating margin is 2.9% (peer median 7.5%).
Valuation It trades at 27.4× forward earnings against a peer median of 11.7× (most expensive of 17).
Capital Return on invested capital runs 3.9 points below its cost of capital (8.3% WACC).
Backlog Backlog (remaining performance obligations) was $398M at 27 Sep 2026, up 24% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.6% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.39B | $2.98B | $2.64B | $2.90B | $2.76B |
| Revenue growth | — | +13% | -9% | +5% | — |
| Gross profit | $233M | $219M | $191M | $242M | $180M |
| EBITDA | $268M | $263M | $256M | $307M | $252M |
| Net income | $28.9M | $22.4M | -$6.72M | -$186M | -$168M |
| Free cash flow | -$15.2M | -$8.20M | $58.9M | $60.8M | -$35.0M |
| Capital expenditure | $89.3M | $86.3M | $99.3M | $107M | $130M |
| Total debt | $929M | $938M | $1.01B | $1.31B | $1.33B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Centuri CTRI | $2.06B | -41% | +25% | 3% | 27.4× | n/a |
| MYR MYRG | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% |
| Quanta Services PWR | $81.5B | -27% | +37% | 7% | 26.4× | 24.3% |
| MasTec MTZ | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CTRI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.1% | -1.5% | 10th lowest of 21 |
| 6-month return | -41.0% | -11.8% | lowest of 21 |
| Distance from 52-week high | -52.6% | -25.6% | lowest of 21 |
| Revenue growth (TTM) | +25.2% | +1.0% | 2nd highest of 21 |
| Operating margin | 2.9% | 7.5% | 3rd lowest of 21 |
| Forward P/E | 27.4× | 11.7× | most expensive of 17 |
| ROIC minus cost of capital | -3.9 pp | -0.6 pp | 2nd lowest of 21 |
| EV / EBITDA | 11.0× | 10.0× | 4th most expensive of 10 |
| Net debt / EBITDA | 3.3× | 4.6× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Centuri CTRI | United States | $2.06B | -41% | +25% | 3% | 27.4× | n/a | n/a |
| Northwest Natural NWN | United States | $2.18B | +3% | +4% | 36% | 16.6× | n/a | n/a |
| Foran Energy 002911.SZ | China | $2.27B | -5% | -10% | 4% | 12.3× | -6.9% | +34.8% |
| Kogas 036460.KS | South Korea | $2.31B | -7% | -10% | 7% | 2.9× | -1.5% | +11.4% |
| Keppel Infrastructure Trust A7RU.SI | Singapore | $2.34B | -8% | +4% | 10% | 23.5× | 8.7% | +8.7% |
| NIPPON GAS 8174.T | Japan | $1.69B | +1% | +8% | 9% | 17.7× | -2.9% | +7.8% |
| Shanghai Dazhong Public Utilities (Group) 600635.SS | China | $1.59B | -23% | +3% | 4% | n/a | 10.6% | +4.5% |
| Xinjiang Xintai Natural Gas 603393.SS | China | $1.55B | -22% | +4% | 22% | 11.1× | -8.4% | +12.3% |
| SK Gas 018670.KS | South Korea | $1.55B | -19% | +27% | 4% | 7.1× | -17.3% | +11.7% |
| Shenzhen Gas 601139.SS | China | $2.79B | -7% | -1% | 7% | 10.7× | -9.2% | +14.7% |
| TOHO GAS 9533.T | Japan | $2.83B | +3% | -2% | 1% | 21.3× | 24.6% | +8.4% |
| Towngas Smart Energy 1083.HK | Hong Kong | $1.46B | -15% | +3% | 6% | 7.5× | 6.3% | +10.3% |
| China Suntien Green Energy 0956.HK | Hong Kong | $3.37B | -15% | -8% | 13% | 6.6× | n/a | n/a |
| Chesapeake Utilities CPK | United States | $3.38B | +11% | +15% | 27% | 20.4× | n/a | n/a |
| China Gas 0384.HK | Hong Kong | $3.52B | -31% | -7% | 8% | 9.9× | 3.8% | +1.0% |
| Shaanxi Provincial Natural Gas 002267.SZ | China | $1.17B | -11% | +2% | 8% | 12.5× | -5.1% | +1.0% |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS TGS | United States | $3.80B | -27% | +11% | 44% | 8.2× | -14.6% | +11.8% |
| Chengdu Gas 603053.SS | China | $1.09B | -16% | -1% | 6% | n/a | -10.0% | +5.1% |
| MDU Resources MDU | United States | $3.92B | -17% | -30% | 17% | 18.9× | n/a | n/a |
| Chongqing Gas 600917.SS | China | $1.07B | -12% | -4% | 0% | n/a | 15.0% | +8.6% |
| Guizhou Gas (Group) 600903.SS | China | $1.02B | -9% | -6% | 4% | n/a | 8.0% | +9.4% |
Centuri reported $398M of remaining performance obligations at 27 Sep 2026, up 24% from a year earlier and down 2% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.