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How Centuri Holdings (CTRI) makes money
Centuri Holdings (CTRI) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Master service agreements brought in $811M (68%); Bid contracts brought in $381M (32%). Of every dollar of revenue, 10¢ was left as gross profit, 5¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Master service agreements | $811M | 68.0% | +12% | +24% |
| Bid contracts | $381M | 32.0% | +59% | +94% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $1.1B | 90.5% |
| Gross profit | $113M | 9.5% |
| Operating expenses | $52.4M | 4.4% |
| Operating profit | $61.0M | 5.1% |
| Income tax | $21.8M | 1.8% |
| Net earnings | $26.9M | 2.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.2B | +40% |
| Q2 2026 | $962M | +33% |
| Q1 2026 | $723M | +32% |
| Q4 2025 | $859M | +20% |
| Q3 2025 | $850M | +18% |
| Q2 2025 | $724M | +8% |
| Q1 2025 | $550M | +4% |
From Centuri Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Centuri Holdings make money?
Centuri Holdings (CTRI) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Master service agreements brought in $811M (68%); Bid contracts brought in $381M (32%). Of every dollar of revenue, 10¢ was left as gross profit, 5¢ was left as operating profit, 2¢ was left as net earnings.
What is Centuri Holdings' biggest business?
Master service agreements: $811M in the third quarter 2026, 68% of revenue, +24% from a year earlier.
What is Centuri Holdings' profit margin?
Net earnings were $26.9M, 2.3% of revenue, in the third quarter 2026; the operating margin was 5.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.