Filing Flows › Centuri Holdings (CTRI) › Q3 2026
Centuri Holdings (CTRI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Centuri Holdings (CTRI) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +40% from a year earlier and +24% from the quarter before. Operating margin was 5.1%, net earnings $26.9M (2.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +24% | +40% |
| Gross profit | $113M | +64% | +45% |
| Operating profit | $61.0M | +153% | +68% |
| Net earnings | $26.9M | +338% | 13× |
| Operating cash flow | −$27.6M | -238% | -630% |
What changed
Revenue was $1.2B in Q3 2026, up 40% year over year and up 24% from the previous quarter. Master service agreements was the largest line at 68% of revenue. Bid contracts added $0.18B year over year (up 94%), 54% of the total change.
Gross margin was 9.5%, up 0.3 points from Q3 2025. Operating profit was $0.06B, a 5.1% margin (up 0.8 points year over year). Of the extra revenue versus Q3 2025, 7% reached operating profit, above the 4% margin then. Operating expenses grew 26% against revenue growth of 40%. The fastest-growing cost line was SG&A (+27%). Net earnings were $0.03B, up 1180% year over year. The effective tax rate was 44.7%.
Operating cash flow was −$0.03B. Non-cash charges added back $0.04B of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Centuri Holdings' revenue in the third quarter 2026?
Centuri Holdings (CTRI) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +40% from a year earlier and +24% from the quarter before.
Was Centuri Holdings profitable in the third quarter 2026?
Operating profit was $61.0M (5.1% of revenue) and net earnings $26.9M.
Source: Centuri Holdings 10-Q on SEC EDGAR.