Centuri Reports Record 2025 Revenue, Strong Profit Turnaround, and Robust 2026 Guidance
CTRI has more than doubled off its 52-week low of $14.455 on elevated volume (3.0× avg).
Summary
Centuri Holdings, Inc. announced record annual revenue of $3 billion for fiscal year 2025, a significant turnaround to net income, and provided strong financial guidance for 2026, driven by substantial backlog growth and reduced leverage.
Key Events · Earnings and Guidance · CTRI
-
Record Annual Revenue Achieved
Centuri achieved a record $2.98 billion in annual revenue for fiscal year 2025, representing a 13% increase year-over-year.
-
Significant Profitability Turnaround
The company reported a net income of $22.7 million for 2025, a substantial improvement from a net loss of $6.7 million in 2024, with Adjusted Net Income increasing by 48.7%.
-
Strengthened Balance Sheet
The Net Debt to Adjusted EBITDA ratio improved significantly to 2.5x at year-end 2025, down from 3.6x in 2024, partly due to a $250.9 million equity offering in the fourth quarter.
-
Robust Backlog and Bookings Growth
Backlog expanded by 59% year-over-year to $5.9 billion, supported by $4.5 billion in full-year bookings and a book-to-bill ratio of 1.5x, exceeding the company's target.
Analysis · CTRI · Energy & Transportation
This 8-K filing details Centuri's exceptional financial and operational performance for fiscal year 2025, highlighted by record annual revenue and a significant return to net income from a prior-year loss. The company substantially strengthened its balance sheet by reducing its Net Debt to Adjusted EBITDA ratio from 3.6x to 2.5x, partly aided by a $250.9 million equity offering in Q4. Operational strength is evident in the 59% increase in backlog to $5.9 billion and a book-to-bill ratio of 1.5x, exceeding targets. The positive 2026 financial guidance, with expected increases in revenue and Adjusted EBITDA, further reinforces a strong outlook. This report indicates robust demand for Centuri's utility infrastructure services and effective execution by management, positioning the company for continued growth, especially as it trades near its 52-week high.
At the time of this filing, CTRI was trading at $30.96 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $14.46 to $32.38. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.