Centuri Holdings (CTRI) Q3 FY2026 earnings: revenue $1.2 billion, up 40.2% on the year

Centuri Holdings, Inc. (CTRI) reported revenue of $1.2 billion for Q3 FY2026, the quarter ended 27 September 2026, up 40.2% on the same quarter a year earlier. Net income was $27 million, up 1180.1% on the year, and diluted earnings per share $0.27. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$1.2 billion

+40.2% on the year · +23.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

5.1%

4.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

$27 million

+1,180.1% on the year · +340.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.27

+1,250.0% on the year · +350.0% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 new.

Revenue rose 40% to a record: Revenue was $1.19 billion, up 40.2% from $850.0 million, which management described as a record quarterly revenue. Nine-month revenue was $2.9 billion, up 35.5%.
Adjusted EBITDA up 44%: Adjusted EBITDA was $108.0 million, a 9.1% margin, against $75.2 million. Adjusted EBIT was $73.0 million, a 6.1% margin, up 79%.
U.S. Gas margin rose sharply: U.S. Gas revenue was $576.0 million, up 39.7%. Gross profit was $47.5 million, an 8.2% margin, against 7.7%. Management cited workforce expansion in this segment.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,192	962	850	+23.9%	+40.2%
Cost of revenue	1,079	893	772	+20.8%	+39.7%
Gross profit	113	69.1	78.0	+64.0%	+45.4%
Gross margin	9.5%	7.2%	9.2%
Selling, general and administrative	44.3	37.2	35.0	+19.0%	+26.7%
Operating income	61.0	24.1	36.3	+152.7%	+68.1%
Operating margin	5.1%	2.5%	4.3%
Pre-tax income	48.7	12.3	10.0	+296.2%	+385.8%
Income tax	21.8	6.2	7.9	+254.3%	+175.4%
Effective tax rate	44.7%	50.0%	78.9%
Net income	26.9	6.1	2.1	+340.6%	+1,180.1%
Net margin	2.3%	0.6%	0.2%
Diluted EPS	$0.27	$0.06	$0.02	+350.0%	+1,250.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-27.6	20.0	5.2
Capital expenditure	22.6	27.9	23.6	-18.9%	-4.0%
Free cash flow	-50.2	-7.9	-18.4
Free cash flow margin	-4.2%	-0.8%	-2.2%
Cash from investing	-54.4	-28.3	-21.5
Cash from financing	83.7	-11.4	4.3		+1,862.7%
Depreciation and amortisation	35.0	35.1	34.5	-0.4%	+1.5%
Share-based compensation	2.2	4.1	2.1	-46.3%	+4.8%
Diluted shares, weighted	101m	101m	89m	-0.2%	+13.8%
Shares outstanding at period end	101m	101m	89m	+0.0%	+13.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	898	869	585	+3.3%	+53.4%
Redeemable equity	7.3	6.6	4.9	+10.8%	+49.0%
Debt	804	718	928	+12.0%	-13.3%
Operating lease liabilities	181	162	92.5	+11.5%	+95.2%
Finance lease liabilities	5.4	6.9	9.6	-20.8%	-43.0%
Other liabilities	787	641	557	+22.7%	+41.1%
Total liabilities and equity	2,682	2,403	2,177	+11.6%	+23.2%
Fixed assets	443	465	495	-4.8%	-10.5%
Goodwill	421	393	371	+7.1%	+13.5%
Intangible assets	332	326	321	+1.9%	+3.4%
Cash and equivalents	42.0	40.5	16.1	+3.9%	+160.6%
Receivables	584	392	281	+48.9%	+107.7%
Other assets	859	786	693	+9.3%	+24.1%
Total assets	2,682	2,403	2,177	+11.6%	+23.2%

Questions

What was Centuri Holdings' revenue in Q3 FY2026?

Centuri Holdings (CTRI) reported revenue of $1.2 billion for Q3 FY2026, the quarter ended 27 September 2026, up 40.2% on the same quarter a year earlier.

How much did Centuri Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $27 million, up 1180.1% on the year, and diluted earnings per share $0.27.

When did Centuri Holdings report Q3 FY2026 results?

Centuri Holdings filed its 10-Q for the quarter ended 27 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 15 quarters

	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	653	806	775	665	528	672	720	717	550	724	850	859	723	962	1,192
Cost of revenue	611	716	687	611	515	612	644	646	530	656	772	778	687	893	1,079
Gross profit	41.9	90.0	87.6	53.9	13.3	60.5	75.8	71.1	20.3	67.8	78.0	80.5	35.8	69.1	113
Gross margin	6%	11%	11%	8%	3%	9%	11%	10%	4%	9%	9%	9%	5%	7%	10%
SG&A	23.5	30.1	28.0	28.7	28.6	20.7	27.2	30.8	26.4	29.0	35.0	36.2	32.7	37.2	44.3
Operating income	11.7	53.2	53.0	-195	-21.9	33.1	41.9	33.7	-12.7	32.2	36.3	37.1	-4.7	24.1	61.0
Operating margin	2%	7%	7%	-29%	-4%	5%	6%	5%	-2%	4%	4%	4%	-1%	3%	5%
Pre-tax income	-11.3	29.6	26.9	-220	-46.0	11.2	18.2	13.3	-31.1	14.3	10.0	21.3	-17.3	12.3	48.7
Tax rate	n/a	37%	37%	n/a	n/a	-4%	120%	22%	n/a	43%	79%	-42%	n/a	50%	45%
Net income	-8.8	17.1	16.2	-211	-25.1	11.7	-3.7	10.3	-17.9	8.1	2.1	30.2	-9.5	6.1	26.9
Net margin	-1%	2%	2%	-32%	-5%	2%	-1%	1%	-3%	1%	0%	4%	-1%	1%	2%
Diluted EPS	n/a	$0.24	$0.23	n/a	-$0.35	$0.14	-$0.04	$0.12	-$0.20	$0.09	$0.02	$0.32	-$0.09	$0.06	$0.27
Operating cash flow	51.9	-71.4	81.3	106	-22.2	-54.2	174	61.0	16.7	-27.7	5.2	83.9	-35.0	20.0	-27.6
Capital expenditure	23.2	30.5	25.9	27.0	30.5	22.7	12.9	33.2	24.4	20.8	23.6	17.6	20.2	27.9	22.6
Free cash flow	28.6	-102	55.4	78.6	-52.7	-76.9	161	27.8	-7.7	-48.5	-18.4	66.3	-55.3	-7.9	-50.2
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	89m	89m	89m	104m	n/a	89m	89m	89m	89m	89m	89m	101m	101m	101m	101m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 27 September 2026, filed 5 November 2026: the filing.