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Acquisitions at other companies

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MasTecMTZ
$266.85M+5,540%
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Dycom IndustriesDY
$12.83M
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Quanta ServicesPWR
$907.38M+373%
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UnitilUTL
$0-100%
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Primoris ServicesPRIM
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HubbellHUBB
$3.01B

Other financials

Income statement

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Revenue$723.2M+31.5%
Gross profit$35.8M+75.9%
Operating income-$4.7M+62.7%
Net income-$9.5M+46.9%
EPS (diluted)-$0.09+55.0%

Balance sheet

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Cash & equivalents$61.7M+305%
Total debt$839.9M-5.6%
Total equity$862.1M+60.7%
Total assets$2.3B+16.5%

Cash flow

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Operating cash flow-$35.0M-310%
CapEx$20.2M-16.9%
Free cash flow-$55.3M-619%

Valuation

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Market cap$2.26B+19.2%
Enterprise value$3.03B+10.6%
P/E73.3×
P/S0.7×0.0×

Profitability

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Gross margin8.3%-0.3pp
Operating margin3.2%-0.4pp
Net margin1%
FCF margin-1.6%-5.9pp

Returns & leverage

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Return on equity4.4%
Debt / equity-0.7×
Current ratio1.9×+0.3×

Where this comes from

Reported directly by Centuri Holdings in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Centuri Holdings’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 9:05 AM EST
Fiscal year
FY2025
Accession
0001981599-26-000020
Line itemFiscal Year Ended / December 28, 2025Fiscal Year Ended / December 29, 2024Fiscal Year Ended / December 31, 2023
Cash flows from investing activities:
Capital expenditures(86,325)(99,333)(106,650)
Proceeds from sale of property and equipment43,9539,95811,800
Acquisition of business, net of cash acquired(45,832)
Net cash used in investing activities(88,204)(89,375)(94,850)
Cash flows from financing activities:
Proceeds from public offerings and private placements, net of offering costs paid250,923327,667
Proceeds from line of credit borrowings220,244353,769197,101

Item 8. Financial Statements and Supplementary Data

FAQ

What is Centuri Holdings's acquisitions?
Centuri Holdings (CTRI) reported acquisitions of $11.46M in Q4 2025.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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