CTRICenturi Holdings, Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.0×).
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
A balanced mix of margins, efficiency, and leverage. ROE 2% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CTRI?
Centuri Holdings, Inc. earns 4.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 4.3 points below what the capital costs: growth destroys value
- Operating margin
- 2.7%
Operating margin · Utilities - Regulated Gas median 22% · 12 months to Q2 2026
- Cash conversion
- 1.01×
Cash conversion · 3.07× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +14%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | −3.7% |
| FY2023 | −2.7% |
| FY2024 | 3.3% |
| FY2025 | 3.1% |
Details›
- Gross margin12 months to Q2 2026
- 7.8%
- Operating margin12 months to Q2 2026
- 2.7%
- Net margin12 months to Q2 2026
- 0.85%
- Free cash flow margin
- −0.45%
- Revenue, trailing twelve months
- $3.39B
- Free cash flow, trailing twelve months
- −$15M
- Net income, trailing twelve months
- $29M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.