Centuri (CTRI) financial statements
Centuri reported revenue of $3.0B in fiscal 2025, up 2.6% a year over 3 years.
Net income was $22M and the operating margin 3.1%, against -3.7% in 2022.
Free cash flow was -$8M.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Centuri's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $2.6B | $3.0B |
| Cost of revenue | $2.5B | $2.6B | $2.4B | $2.7B |
| Gross profit | $215M | $273M | $221M | $247M |
| Selling, general and admin | $109M | $110M | $107M | $126M |
| Operating income | -$101M | -$78M | $87M | $93M |
| Pre-tax income | -$164M | -$175M | -$3M | $15M |
| Income tax | $1M | $10M | $3M | -$8M |
| Net income | -$168M | -$186M | -$7M | $22M |
| EPS (diluted) | -$2.35 | -$2.60 | -$0.08 | $0.25 |
| Diluted shares | 72M | 72M | 83M | 90M |
| Gross margin | 7.8% | 9.4% | 8.4% | 8.3% |
| Operating margin | -3.7% | -2.7% | 3.3% | 3.1% |
| Net margin | -6.1% | -6.4% | -0.3% | 0.8% |
Balance sheet
Fiscal years, from Centuri's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $64M | $33M | $49M | $127M |
| Receivables | — | $347M | $281M | $315M |
| Total current assets | — | $683M | $601M | $881M |
| Property, plant and equipment | — | $545M | $511M | $467M |
| Goodwill | $588M | $376M | $368M | $396M |
| Total assets | — | $2.2B | $2.1B | $2.4B |
| Total current liabilities | — | $421M | $382M | $496M |
| Long-term debt | — | $1.1B | $844M | $708M |
| Total liabilities | — | $1.9B | $1.5B | $1.5B |
| Shareholders' equity | $387M | $226M | $556M | $873M |
| Net debt | -$64M | $1.1B | $825M | $611M |
Cash flow
Fiscal years, from Centuri's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $95M | $167M | $158M | $78M |
| Capital spending | $130M | $107M | $99M | $86M |
| Free cash flow | -$35M | $61M | $59M | -$8M |
| Stock-based compensation | $2M | $2M | $2M | $8M |
| Dividends paid | $15M | $0 | $0 | — |
| Free cash flow margin | -1.3% | 2.1% | 2.2% | -0.3% |
| Dividends per share | $0.21 | — | — | — |
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Open CTRI in InvestinglyQuestions
What was Centuri's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Centuri generate?
-$8M in fiscal 2025 (operating cash flow minus capital spending).
From Centuri's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.