Filing Flows › Centuri Holdings (CTRI) › Q2 2025
Centuri Holdings (CTRI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Centuri Holdings (CTRI) reported revenue of $724M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +32% from the quarter before. Operating margin was 4.4%, net earnings $8.1M (1.1% of revenue).
Centuri Holdings, Q2 2025: revenue $724M (+8% year over year), operating margin 4.4%, net earnings $8.1M, operating cash flow −$27.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $724M | +32% | +8% |
| Gross profit | $67.8M | +234% | +12% |
| Operating profit | $32.2M | — | -3% |
| Net earnings | $8.1M | — | -31% |
| Operating cash flow | −$27.7M | -266% | — |
What changed
Revenue was $724.1M in Q2 2025, up 8% year over year and up 32% from the previous quarter. U.S. Gas was the largest line at 47% of revenue. Non-Union Electric added $29.4M year over year (up 24%), 56% of the total change. U.S. Gas declined 1%.
Gross margin was 9.4%, up 0.4 points from a year earlier. Operating profit was $32.2M, a 4.4% margin (down 0.5 points year over year). Operating profit fell $1.0M even though revenue rose $52.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 30% against revenue growth of 8%. The fastest-growing cost line was SG&A (+40%). Net earnings were $8.1M, down 31% year over year. The effective tax rate was 43.4%.
Operating cash flow was −$27.7M. Non-cash charges added back $34.2M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $72.1M. Capital expenditures of $20.8M exceeded it, leaving free cash flow of −$48.5M.
Questions
What was Centuri Holdings' revenue in the second quarter 2025?
Centuri Holdings (CTRI) reported revenue of $724M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +32% from the quarter before.
Was Centuri Holdings profitable in the second quarter 2025?
Operating profit was $32.2M (4.4% of revenue) and net earnings $8.1M.
Source: Centuri Holdings 10-Q on SEC EDGAR.