Filing Flows › Centuri Holdings (CTRI) › Q3 2026 › vs Q2 2026
Centuri Holdings (CTRI) Q3 2026 vs Q2 2026 (quarter over quarter)
Centuri Holdings's revenue rose $230M (+24%) from $962M in Q2 2026 to $1.2B in Q3 2026. The biggest changes: Bid contracts +$141M (+59%); Master service agreements +$89.3M (+12%). Gross margin 9.5% against 7.2% (+2.3 pts).
Centuri Holdings, Q3 2026: revenue $1.2B (+40% year over year), operating margin 5.1%, net earnings $26.9M, operating cash flow −$27.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 9.5% | 7.2% | +2.3 pts |
| Operating margin | 5.1% | 2.5% | +2.6 pts |
| Net margin | 2.3% | 0.6% | +1.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Master service agreements | $811M | $721M | $89.3M | +12% |
| Bid contracts | $381M | $241M | $141M | +59% |
| Revenue | $1.2B | $962M | $230M | +24% |
| Gross profit | $113M | $69.1M | $44.2M | +64% |
| Cost of revenue | $1.1B | $893M | $186M | +21% |
| Operating profit | $61.0M | $24.1M | $36.9M | +153% |
| Operating expenses | $52.4M | $45.0M | $7.4M | +16% |
| Pre-tax earnings | $48.7M | $12.3M | $36.4M | +296% |
| Other expense, net | $12.3M | $11.8M | $446K | +4% |
| SG&A | $44.3M | $37.2M | $7.1M | +19% |
| Other operating costs | $8.1M | $7.8M | $309K | +4% |
| Net earnings | $26.9M | $6.1M | $20.8M | +338% |
| Income tax | $21.8M | $6.2M | $15.7M | +254% |
| Operating cash sources | $91.8M | $25.3M | $66.4M | +262% |
| Depreciation & amortization | $35.0M | $35.1M | −$140K | -0.4% |
| Share-based compensation | $2.2M | $4.1M | −$1.8M | -45% |
| Cash used in operations | $27.6M | −$20.0M | $47.6M | — |
| Working capital & other | $91.8M | $25.3M | $66.4M | +262% |
Questions
How much did Centuri Holdings's revenue grow quarter over quarter in Q3 2026?
Centuri Holdings's revenue rose $230M (+24%) from $962M in Q2 2026 to $1.2B in Q3 2026.
What drove Centuri Holdings's revenue change in Q3 2026?
Bid contracts +$141M (+59%); Master service agreements +$89.3M (+12%).