U.S. Gas was Centuri Holdings’s largest segment in fiscal 2025, bringing in $1.33B of $2.98B (45%).
| Segment | FY 2023 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| U.S. Gas | $1.35B | $1.36B | $1.26B | $1.33B |
| Union Electric | $637.24M | $833.09M | $693.51M | $808.34M |
| Non-Union Electric | $458.11M | $473.94M | $485.27M | $599.39M |
| Canadian Gas | $319.94M | — | — | — |
| Canadian Operations | — | $234.79M | $197.87M | $246.91M |
| Total | $2.76B | $2.90B | $2.64B | $2.98B |
Centuri Holdings brought in $2.98B from its four segments in fiscal 2025, the year ended December 28, 2025. That was up 13.1% from $2.64B in fiscal 2024. U.S. Gas was the largest at $1.33B (44.5%), ahead of Union Electric at $808.34M (27.1%) and Non-Union Electric at $599.39M (20.1%). The remaining segment, Canadian Operations, brought in $246.91M.
Compared with fiscal 2024, Canadian Operations grew fastest, up 24.8% to $246.91M. Every segment above 2% of revenue grew.
Centuri Holdings stopped reporting Canadian Gas as a separate segment after fiscal 2023, when it brought in $319.94M.
Unit-Price Contracts was Centuri Holdings’s largest revenue line in fiscal 2025, bringing in $1.66B of $2.98B (56%).
| Contract with Customer, Basis of Pricing | FY 2023 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Unit-Price Contracts | $1.61B | $1.57B | $1.51B | $1.66B |
| Time & Materials Contracts | $654.16M | $655.32M | $589.02M | $692.99M |
| Fixed-Price Contracts | $498.04M | $673.61M | $539.53M | $628.81M |
| Total | $2.76B | $2.90B | $2.64B | $2.98B |
Centuri Holdings brought in $2.98B from its three revenue lines in fiscal 2025, the year ended December 28, 2025. That was up 13.1% from $2.64B in fiscal 2024. Unit-Price Contracts was the largest at $1.66B (55.7%), ahead of Time & Materials Contracts at $692.99M (23.2%) and Fixed-Price Contracts at $628.81M (21.1%).
Compared with fiscal 2024, Time & Materials Contracts grew fastest, up 17.7% to $692.99M. Every revenue line above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $2.76B to $2.98B, a compound annual growth rate of 4.0%. Unit-Price Contracts' share of the total fell from 58.3% to 55.7%.
Master Services Agreements was Centuri Holdings’s largest product and service line in fiscal 2025, bringing in $2.33B of $2.98B (78%).
| Product and Service | FY 2023 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Master Services Agreements | $2.34B | $2.39B | $2.12B | $2.33B |
| Bid Contracts | $418.11M | $510.59M | $516.09M | $655.84M |
| Total | $2.76B | $2.90B | $2.64B | $2.98B |
Centuri Holdings brought in $2.98B from its two product and service lines in fiscal 2025, the year ended December 28, 2025. That was up 13.1% from $2.64B in fiscal 2024. Master Services Agreements was the largest at $2.33B (78.0%), ahead of Bid Contracts at $655.84M (22.0%).
Compared with fiscal 2024, Bid Contracts grew 27.1% to $655.84M and Master Services Agreements grew 9.7% to $2.33B. From fiscal 2023 to 2025, combined revenue from these lines grew from $2.76B to $2.98B, a compound annual growth rate of 4.0%. Master Services Agreements' share of the total fell from 84.9% to 78.0%.
Centuri Holdings (CTRI) reports its revenue by segment, by contract with customer, basis of pricing and by product and service. In fiscal 2025, U.S. Gas was its largest segment, bringing in $1.33B (44.5% of the total), followed by Union Electric at $808.34M (27.1%).
U.S. Gas was Centuri Holdings' largest segment in fiscal 2025, bringing in $1.33B, or 44.5% of the $2.98B total across its four segments.
Unit-Price Contracts was Centuri Holdings' largest revenue line in fiscal 2025, bringing in $1.66B, or 55.7% of the $2.98B total across its three revenue lines.
Master Services Agreements was Centuri Holdings' largest product and service line in fiscal 2025, bringing in $2.33B, or 78.0% of the $2.98B total across its two product and service lines.
Among Centuri Holdings' segments that make up at least 2% of revenue, Canadian Operations grew fastest in fiscal 2025, up 24.8% from $197.87M to $246.91M.
Every figure comes from Centuri Holdings' annual financial filings, as reported. Each line keeps the name Centuri Holdings gives it, and years follow its fiscal calendar.
Centuri Holdings' revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.