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Centuri Holdings Inc

Centuri Holdings Inc

CTRI
$27.70USD↑+1.54%+0.42 today

MARKET CAP

2.8B

P/E (TTM)

52.3x

FWD P/E

32.3x

DAY RANGE

$27 – $28

52W RANGE

$19
$43

AI Summary

Stalk
TrimMedium

In a pronounced Stage 4 decline marked by confirmed lower highs and lower lows, CTRI retains a bearish medium-term bias with price structurally extended below key EMAs and SMAs acting as resistance. We defer execution until a pullback into the 9/21/50 EMA cluster offers a clear rejection opportunity. The long-term uptrend remains intact, but continued underperformance below the 200-day MA risks further downside.

  • ↑Q1 2026 revenue $723 M (+31% YoY); adjusted EBITDA $33 M (+35% YoY)
  • ↑Backlog at $5.9 B (+59% YoY) with book-to-bill of 1.8 supports future revenues
  • ↓High P/E of 81.18 and negative earnings yield flag valuation risk
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Centuri Holdings, Inc. (CTRI) is a leading provider of integrated infrastructure services primarily focused on natural gas and electric utilities across North America. The company specializes in delivering dependable services while leveraging long-term relationships with regulated utilities. Positioned well in the ongoing energy transition, Centuri is capitalizing on significant investments directed toward utility infrastructure, driven by demand for reliable energy solutions and technological advancements.

Bull says

  • ↑Q1 2026 revenue $723 M (+31% YoY); adjusted EBITDA $33 M (+35% YoY)
  • ↑Backlog at $5.9 B (+59% YoY) with book-to-bill of 1.8 supports future revenues
  • ↑$1.4 B in data-center projects targets higher-margin, growth-oriented work
  • ↑Gross margin improved to 4.1% from 2.7% via operational efficiency gains
  • ↑Free cash flow forecast >$60 M for 2026; high growth and momentum factors
  • ↑Long-standing utility relationships provide a moat and steady contract renewals

Bear says

  • ↓High P/E of 81.18 and negative earnings yield flag valuation risk
  • ↓Analyst earnings revisions are negative, reflecting skepticism on profitability
  • ↓Elevated volatility and small-cap size expose stock to sharp price swings
  • ↓Scaling larger projects raises execution and operational-efficiency challenges
  • ↓Seasonal revenue swings and storm impacts could disrupt quarterly targets
  • ↓Rising interest rates may increase financing costs and pressure cash flow

Investment themes with CTRI

Infrastructure Development↑ +0.48%

DE · HWM · TT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026bullish

Transcript signals

Bull points

  • In the first quarter, we delivered exceptional results, highlighted by significant year-over-year growth, including revenue of 31%, base revenue of 29%, gross profit of 76%, and base gross profit of 96%.
  • our adjusted EBITDA for the quarter was $33 million, representing a 35% increase from last year.
  • First quarter free cash flow was consistent with our expectations, and for the full year, we continue to expect free cash flow to exceed $60 million.

Bear points

  • Net loss attributable to common stock in the quarter was $9 million, or 9 cents per share, compared to a loss of $18 million, or 20 cents on a per share basis last year.
  • Net loss attributable to common stock in the quarter was $9 million, or 9 cents per share, compared to a loss of $18 million, or 20 cents on a per share basis last year.
Read full transcript analysis ›