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Centuri Holdings (Centuri Holdings) Gross Margin % : 2.51% (As of Mar. 2024)


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What is Centuri Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Centuri Holdings's Gross Profit for the three months ended in Mar. 2024 was $13.3 Mil. Centuri Holdings's Revenue for the three months ended in Mar. 2024 was $528.0 Mil. Therefore, Centuri Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 2.51%.


The historical rank and industry rank for Centuri Holdings's Gross Margin % or its related term are showing as below:

CTRI' s Gross Margin % Range Over the Past 10 Years
Min: 2.52   Med: 9.53   Max: 10.98
Current: 2.52


During the past 4 years, the highest Gross Margin % of Centuri Holdings was 10.98%. The lowest was 2.52%. And the median was 9.53%.

CTRI's Gross Margin % is ranked worse than
96.62% of 503 companies
in the Utilities - Regulated industry
Industry Median: 29.5 vs CTRI: 2.52

Centuri Holdings had a gross margin of 2.51% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Centuri Holdings was 0.00% per year.


Centuri Holdings Gross Margin % Historical Data

The historical data trend for Centuri Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Centuri Holdings Gross Margin % Chart

Centuri Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
10.98 9.62 7.77 9.43

Centuri Holdings Quarterly Data
Dec20 Dec21 Dec22 Mar23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial - - 6.42 - 2.51

Competitive Comparison of Centuri Holdings's Gross Margin %

For the Utilities - Regulated Gas subindustry, Centuri Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Centuri Holdings's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centuri Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Centuri Holdings's Gross Margin % falls into.



Centuri Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Centuri Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=273.4 / 2899.276
=(Revenue - Cost of Goods Sold) / Revenue
=(2899.276 - 2625.834) / 2899.276
=9.43 %

Centuri Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=13.3 / 528.023
=(Revenue - Cost of Goods Sold) / Revenue
=(528.023 - 514.744) / 528.023
=2.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Centuri Holdings  (NYSE:CTRI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Centuri Holdings had a gross margin of 2.51% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Centuri Holdings Gross Margin % Related Terms

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Centuri Holdings (Centuri Holdings) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
19820 North 7th Avenue, Suite 120, Phoenix, AZ, USA, 85027
Centuri Holdings Inc is a pure-play North American utility infrastructure services company that partners with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses. Its service offerings primarily consist of the modernization of utility infrastructure through the maintenance, retrofitting and installation of electric and natural gas distribution networks to meet current and future demands while also preparing systems for the transition to clean energy sources. They operate under two primary lines of business which includes Gas Utility Services and Electric Utility Services it is also their two reportable segments as well.

Centuri Holdings (Centuri Holdings) Headlines