NYSE$CTRI
Centuri Holdings Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open
Briefing
Centuri reported record Q4 2025 revenue of $858.6 million, up 20% year over year, with net income of $30.4 million.
Centuri posted record Q4 2025 revenue of $858.6 million (+20% YoY) with base revenue of $855.1 million (+28%) and gross profit of $80.5 million (+13.2%). Net income was $30.4 million; adjusted EBITDA was $77.7 million. The company generated $83.9 million of operating cash flow and $105.7 million of free cash flow in the quarter with $814 million of bookings (93% new awards). Full-year 2025 revenue reached a record $2.98 billion (+13% YoY).
- Record Q4 revenue $858.6M (+20% YoY) and record annual revenue ~$3.0B.
- Q4 net income $30.4M; adjusted EBITDA $77.7M; FCF $105.7M.
- Q4 bookings $814M with 93% new awards vs MSA renewals.
- Base revenue and base gross profit up 28% and 50% YoY in Q4.
Headline financials
Revenue & EPS history
Centuri Holdings Inc · Revenue · Quarterly
$859M
Forward guidance
Management emphasized record backlog and utility infrastructure demand; detailed 2026 quantitative guidance should be read from Centuri’s investor presentation and 10-K filings accompanying the release.
Tailwinds
- Strong cash conversion with Q4 FCF over $100M.
- Double-digit full-year revenue growth at utility infrastructure scale.
- Robust new-award bookings mix supports revenue visibility.
Headwinds
- Gross profit growth lagged revenue growth in Q4 (+13% vs +20%).
- Execution and labor availability risks on large infrastructure programs.
- Interest-rate and utility capex cycle sensitivity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q4 2025
-1.0%
Avg return
Earnings day
-2.9%
Avg return
5 days after
+2.1%
Avg return
30 days after
25%
2 / 8 earnings
Positive
+11.3%
Q3 2025
Best reaction
-8.5%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -20.2% | -28.4% | |
| Q4 2025 | -0.9% | -0.1% | -5.1% | |
| Q3 2025 | +11.3% | +9.9% | +29.9% | |
| Q2 2025 | -2.2% | -7.5% | -1.2% | |
| Q1 2025 | -8.5% | -8.4% | +8.2% | |
| Q3 2024 | -2.0% | +10.0% | +9.7% | |
| Q2 2024 | -6.3% | -5.8% | -0.4% | |
| Q1 2024 | -0.2% | -1.1% | +3.7% |
Discussion
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