CTRI (Centuri Holdings) Operating Income: $101 Mil (TTM As of Mar. 2026)


CTRI Centuri Holdings Inc CTRI
37 GF Score
Price $27.39
! 5 Warning Signs
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What is Centuri Holdings Operating Income?

Centuri Holdings CTRI -3.86% 37 Operating Income is $101 Mil as of Mar. 2026. GuruFocus rates CTRI with a GF Score™ of 37/100. The stock has 5 warning signs investors should review.

Centuri Holdings's Operating Income for the three months ended in Mar. 2026 was $-5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $101 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Centuri Holdings's Operating Income for the three months ended in Mar. 2026 was $-5 Mil. Centuri Holdings's Revenue for the three months ended in Mar. 2026 was $723 Mil. Therefore, Centuri Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was -0.66%.

Warning Sign:

Centuri Holdings Inc operating margin has been in a 5-year decline. The average rate of decline per year is -9.6%.

Centuri Holdings's 5-Year average Growth Rate for Operating Margin % was -9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Centuri Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -0.52%. Centuri Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.82%.

Centuri Holdings  (NYSE:CTRI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Centuri Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-18.968 * ( 1 - 45.04% )/( (1993.109 + 2031.64)/ 2 )
=-10.4248128/2012.3745
=-0.52 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2407.706 - 287.967 - ( 126.63 - max(0, 496.393 - 881.375+126.63))
=1993.109

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2321.63 - 229.653 - ( 60.337 - max(0, 428.646 - 805.551+60.337))
=2031.64

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Centuri Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.288/( ( (667.737 + max(-69.427, 0)) + (664.158 + max(38.195, 0)) )/ 2 )
=-19.288/( ( 667.737 + 702.353 )/ 2 )
=-19.288/685.045
=-2.82 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(314.665 + 0 + 44.954) - (287.967 + 50.51 + 90.569)
=-69.427

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(353.054 + 0 + 44.337) - (229.653 + 58.428 + 71.115)
=38.195

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Centuri Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-4.742/723.174
=-0.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Centuri Holdings Operating Income Related Terms

Centuri Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Centuri Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Centuri Holdings Operating Income Chart

Centuri Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 85.55 75.66 136.43 86.78 92.82

Centuri Holdings Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.71 32.16 36.32 37.06 -4.74
CTRI
37GF Score
Centuri Holdings Inc CTRI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Centuri Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $101 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $101 Mil mean?
Centuri Holdings (CTRI) has a Operating Income of $101 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Centuri Holdings and its competitors.
Is Centuri Holdings' Operating Income too high?
Centuri Holdings' current Operating Income is $101 Mil. Overall, Centuri Holdings has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Centuri Holdings' Operating Income compare to CPK and NWN?
Centuri Holdings' Operating Income of $101 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Centuri Holdings and its competitors. Centuri Holdings's current Operating Income is $101 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuri Holdings stock overvalued right now?
Centuri Holdings (CTRI) has a current Operating Income of $101 Mil. The current Operating Income is $101 Mil. Centuri Holdings' overall GF Score™ is 37/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Centuri Holdings (CTRI), the current Operating Income is $101 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Centuri Holdings Business Description

Address 19820 North 7th Avenue, Suite 120, Phoenix, AZ, USA, 85027
Centuri Holdings Inc is a pure-play North American utility infrastructure services company that partners with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses. Its service offerings consist of the modernization of utility infrastructure through the maintenance, retrofitting and installation of electric and natural gas distribution networks to meet current and future demands while also preparing systems for the transition to clean energy sources. Its reportable segments are: (i) U.S. Gas Utility Services (U.S. Gas); (ii) Canadian Utility Services (Canadian Operations); (iii) Union Electric Utility Services (Union Electric); and (iv) Non-Union Electric Utility Services (Non-Union Electric).
37GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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