Loading financials from SEC filings…
Utilities - Regulated gas · Utilities · Fiscal year ends Jan 3
Centuri reported revenue of $3B in the fiscal year ended Dec 2025, up 13.1% from the year before. Operating income was $93M, an operating margin of 3.1%, and net income was $22M. Operating cash flow of $78M less capital expenditure of $86M left free cash flow of −$8M. Net debt was $611M.
Ranks among the 16 utilities - regulated gas companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 2,760 | 2,899 | 2,637 | 2,983 |
| Cost of revenue | 2,546 | 2,626 | 2,417 | 2,736 |
| Gross profit | 215 | 273 | 221 | 247 |
| Selling, general & admin | 109 | 110 | 107 | 126 |
| Operating income | −101 | −77.6 | 86.8 | 92.8 |
| Pre-tax income | −164 | −175 | −3.4 | 14.6 |
| Income tax | 1.3 | 9.5 | 3.5 | −8.1 |
| Net income | −168 | −186 | −6.7 | 22.4 |
| Diluted EPS | −2.35 | −2.60 | −0.08 | 0.25 |
| Diluted shares | 71.7 | 71.7 | 83.3 | 90.3 |
| Fiscal year | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash & equivalents | 64.0 | 33.4 | 49.0 | 127 |
| Receivables | – | 347 | 281 | 315 |
| Current assets | – | 683 | 601 | 881 |
| Net PP&E | – | 545 | 511 | 467 |
| Goodwill | 588 | 376 | 368 | 396 |
| Total assets | – | 2,190 | 2,074 | 2,408 |
| Payables | – | 117 | 126 | 194 |
| Deferred revenue | 35.8 | 43.7 | 25.0 | 50.5 |
| Current liabilities | – | 421 | 382 | 496 |
| Short-term debt | – | 42.6 | 30.0 | 29.5 |
| Long-term debt | – | 1,108 | 844 | 708 |
| Total liabilities | – | 1,865 | 1,514 | 1,529 |
| Shareholders' equity | 387 | 226 | 556 | 873 |
| Backlog (remaining obligations) | – | – | 252 | 411 |
| Fiscal year | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating cash flow | 94.6 | 167 | 158 | 78.1 |
| Capital expenditure | 130 | 107 | 99.3 | 86.3 |
| Free cash flow | −35.0 | 60.8 | 58.9 | −8.2 |
| Depreciation & amortisation | 126 | 119 | 109 | 112 |
| Stock-based compensation | 1.7 | 1.9 | 2.2 | 8.1 |
| Acquisitions | – | 0.0 | 0.0 | 45.8 |
| Dividends paid | 15.0 | 0.0 | 0.0 | – |
| Dividend per share | 15000.00 | – | – | – |
| Fiscal year | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.0% | −9.0% | 13.1% |
| Operating income growth (YoY) | – | – | – | 7.0% |
| Gross margin | 7.8% | 9.4% | 8.4% | 8.3% |
| Operating margin | −3.7% | −2.7% | 3.3% | 3.1% |
| Net margin | −6.1% | −6.4% | −0.3% | 0.8% |
| Return on equityBlank when equity is negative | −43.5% | −82.4% | −1.2% | 2.6% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −4.4% | 5.1% | 4.9% |
| Free cash flow margin | −1.3% | 2.1% | 2.2% | −0.3% |
| Cash conversion (CFO ÷ net income) | −0.56x | −0.90x | −23.5x | 3.49x |
| Receivable days | – | 44 | 39 | 39 |
| Payable days | – | 16 | 19 | 26 |
| Debt ÷ equity | – | 5.09x | 1.57x | 0.84x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | 1,117 | 825 | 611 |
| Current ratio | – | 1.62x | 1.57x | 1.78x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.