Q4 25 EPS
$0.17
MISS 12.28%
Est. $0.19
Q4 25 Revenue
$858.6M
BEAT +15.93%
Est. $740.6M
vs S&P Since Q4 25
-12.2%
TRAILING MARKET
CTRI -3.9% vs S&P +8.3%
Full Year 2025 Results
FY 25 EPS
$0.43
MISS 3.72%
Est. $0.45
FY 25 Revenue
$2.98B
BEAT +4.12%
Est. $2.86B
Market Reaction
Did CTRI Beat Earnings? Q4 2025 Results
Centuri Holdings posted a mixed Q4 2025, delivering record quarterly revenue of $858.60 million, up 19.7% year-over-year and well ahead of the $740.63 million consensus estimate by 15.93%, yet falling short on the bottom line with adjusted diluted EP… Read more Centuri Holdings posted a mixed Q4 2025, delivering record quarterly revenue of $858.60 million, up 19.7% year-over-year and well ahead of the $740.63 million consensus estimate by 15.93%, yet falling short on the bottom line with adjusted diluted EPS of $0.17 against a $0.19 consensus, a miss of 12.28%. The earnings gap reflects the company's ongoing margin evolution: while the "One Centuri" integration strategy drove broad-based top-line momentum across all four operating segments, with Canadian Operations leading at 37.2% Q4 revenue growth, Adjusted Net Income declined 13.2% to $15.95 million as the business absorbs expansion costs. A reported net income figure of $30.38 million was flattered by a $23.70 million one-time tax benefit tied to the completed Southwest Gas divestiture. Despite the EPS shortfall, some analysts caution that the stock's high valuation multiples leave little room for execution missteps as Centuri converts its record $5.90 billion backlog into earnings. Management guided 2026 revenue of $3.24 billion to $3.54 billion, with year-to-date bookings already covering over 85% of mid-point base revenue guidance.
Key Takeaways
- • Broad-based revenue growth across all four segments
- • Higher work hours under MSA across segments
- • Increased project activity in industrial and electrical substation infrastructure end-markets
- • Strong performance in both Electric segments and U.S. Gas segment driving Base Gross Profit Margin improvement to 9.3% from 8.0%
- • $23.7 million income tax benefit from deferred tax asset allocation from former parent
- • Full year book-to-bill ratio of 1.5x exceeded 1.1x target
CTRI YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CTRI Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a remarkable year for Centuri and the achievements are a direct result of the dedication and commitment of our employees. We took significant steps forward which position us well for future growth and value creation. We proved our ability to identify and secure growth opportunities, expanded our footprint and capabilities in Canada, delivered predictable earnings growth, improved base margins, and strengthened the balance sheet. Capital deployment trends across our end markets remain strong, as reflected by our substantial $13 billion opportunity pipeline. Our business development efforts and One Centuri approach are gaining traction, with our $5.9 billion year-end backlog and approximately $1.1 billion of 2026 year-to-date bookings forecasted to provide over 85% of the 2026 Base Revenue guidance at the mid-point.”
— Christian Brown, Q4 2025 Earnings Press Release
CTRI Earnings Trends
CTRI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CTRI EPS Trend
Earnings per share: estimate vs actual
CTRI Revenue Trend
Quarterly revenue: estimate vs actual
CTRI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.07 | $-0.02 | +69.56% | $723.2M | +17.14% |
| Q4 25 MISS FY | $0.19 | $0.17 | -12.28% | $858.6M | +15.93% |
| FY Full Year | $0.45 | $0.43 | -3.72% | $2.98B | +4.12% |
| Q3 25 MISS | $0.29 | $0.19 | -35.18% | $850.0M | +12.07% |
| Q2 25 MISS | $0.24 | $0.19 | -21.39% | $724.1M | +3.09% |
| Q1 25 BEAT | $-0.15 | $-0.12 | +18.97% | $550.1M | +2.31% |