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Centuri Holdings vs Southwest Gas Holdings: CTRI and SWX compared
Centuri Holdings is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $585M for Southwest Gas Holdings (Q1 2026). Centuri Holdings is growing faster (+40% against -22% a year earlier). Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 5.1%.
Where the money goes: CTRI and SWX
Centuri Holdings (CTRI) · Q3 2026
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.
Southwest Gas Holdings (SWX) · Q1 2026
Southwest Gas Holdings, Q1 2026: revenue $585M (-22% year over year), operating margin 37.5%, net earnings $138M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Centuri Holdings (CTRI) | Southwest Gas Holdings (SWX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $1.2B | $585M |
| Revenue growth, Y/Y | +40% | -22% |
| Gross margin | 9.5% | — |
| Operating margin | 5.1% | 37.5% |
| Net earnings | $26.9M | $138M |
| Net margin | 2.3% | 23.6% |
| Operating cash flow | −$27.6M | $162M |
| Market value | $2.1B | $6.7B |
| P/E | 38.2× | 12.3× |
| Analysts’ mean target | $28.14 | $102.00 |
Where the revenue comes from
Centuri Holdings
- Master service agreements: $811M (68%)
- Bid contracts: $381M (32%)
Questions
Which is bigger, Centuri Holdings or Southwest Gas Holdings?
Centuri Holdings is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $585M for Southwest Gas Holdings (Q1 2026).
Is Centuri Holdings or Southwest Gas Holdings growing faster?
Centuri Holdings is growing faster (+40% against -22% a year earlier).
Which is more profitable, Centuri Holdings or Southwest Gas Holdings?
Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 5.1%.
More: Centuri Holdings earnings · how Centuri Holdings makes money · Southwest Gas Holdings earnings · how Southwest Gas Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed May 5, 2026). Fiscal quarters can end on different dates. Not investment advice.