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Centuri Holdings Inc

Centuri Holdings Inc

CTRI
$20.16USD↓-0.44%-0.09 today

MARKET CAP

2.0B

P/E (TTM)

56.0x

FWD P/E

—

DAY RANGE

$20 – $21

52W RANGE

$19
$43

AI Summary

Stalk
StalkMedium

CTRI is forming a bullish mean-reversion base after capitulation at extreme oversold levels. Price is stabilizing just above the flush-low support but remains below the short-term EMAs. Medium-term bias is bullish under a mean-reversion regime, while the long-term trend remains bearish. We will wait for price to reclaim and hold above the 9-day EMA on expanding volume before initiating a position.

  • ↑Q2 revenue reached $962M (+25% YoY), driven by data center projects.
  • ↑Backlog at $6.4B (+21% YoY) with $16B pipeline (+23% QoQ).
  • ↓Still unprofitable in Q2 with negative $7M free cash flow.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Centuri Holdings, Inc. (NYSE: CTRI) is an emerging player in the construction sector, specializing in industrial mechanical and electrical maintenance as well as construction services, primarily serving data center and utility customers. With a focus on robust demand in its core and adjacent markets, Centuri aims to strategically position itself for sustainable growth through operational expansion and acquisitions.

Bull says

  • ↑Q2 revenue reached $962M (+25% YoY), driven by data center projects.
  • ↑Backlog at $6.4B (+21% YoY) with $16B pipeline (+23% QoQ).
  • ↑Acquired J.J. White for $62M to expand capacity in key regions.
  • ↑Upgraded full-year outlook: $3.5–3.7B revenue and $285–310M EBITDA.
  • ↑High growth and momentum factors suggest upward earnings revisions.
  • ↑Insider buying and strong quality metrics underscore management confidence.

Bear says

  • ↓Still unprofitable in Q2 with negative $7M free cash flow.
  • ↓Negative earnings yield and low P/S ratio signal valuation risk.
  • ↓Fuel price surge cut margins by ~$6M, dragging gross to 7.2%.
  • ↓Small-size profile implies higher volatility versus larger peers.
  • ↓BofA cut target to $21; stock down 13% over past 12 months.
  • ↓Weak profitability factors and cash-flow deficits may stress funding.

Investment themes with CTRI

Infrastructure Development↓ -1.13%

DE · HWM · TT

Earnings Call · Q3 2024 · Mgmt. Guidance

Updated 11-24-2025neutral

Transcript signals

Bull points

  • Karen Haller, Chairperson of the Board
  • The $8.9 million difference between our adjusted net income and net loss included several mostly non-cash items, including $6.7 million in amortization of intangible assets, which was in line with the prior year, and factors that were unique to this period, such as $1.4 million of accounts receivable securitization transaction fees, as well as a $1.7 million loss on early extinguishment of debt.
  • We are continuously evaluating opportunities to optimize our financing structure, and securitizing our AR has allowed us to lower our interest expense.

Bear points

  • Paul Caudill, Interim President and Chief Executive Officer
  • Third quarter of 2024 consolidated revenues declined 7.1% and consolidated gross profit was 13.5% lower, both compared to the same period last year.
  • The decrease in revenues and margins were driven by lower offshore wind activity, the mix of bid work, and continued subdued MSA spending among our U.S. gas customers.
Read full transcript analysis ›