debt_leverage_profile
0.03x Total Debt / Equity (Conservative)
High
SEC-XBRL
interest_rate_sensitivity
High sensitivity; ~$1.5B variable-rate debt means 200bps rise adds ~$30M annual interest expense, compressing thin margins significantly
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Gulf Coast steel pipe manufacturing (hurricane/flood risk) and Canadian border crossings for utility-grade equipment and materials
Inferred
Agent_Inference
international_expansion_readiness
Minimal; ~95% revenue is U.S.-domestic, negligible sovereign currency devaluation exposure across international markets
Inferred
Agent_Inference
geographic_footprint
Predominantly U.S.-based operations across 40+ states; near-zero foreign currency revenue exposure, devaluation risk effectively null
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Natural Gas, Coal, Uranium, Crude Oil, Copper (grid), Lithium (storage); geopolitical: European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
No single vendor exceeds 30% of input costs; materials (pipe, wire, conduit) are commodity-sourced from multiple domestic suppliers
Inferred
Agent_Inference
business_model_type_primary
Cloud infrastructure termination is largely immaterial; field operations are labor/equipment-intensive with minimal cloud dependency for core delivery
Inferred
Agent_Inference
business_model_type_secondary
Back-office ERP/scheduling systems could face 30-day disruption but are migrateable; operational continuity would not be critically impaired
Inferred
Agent_Inference
switching_cost_profile
Low API coupling risk; company is a field services contractor using standard ERP and project management tools, not deeply integrated proprietary APIs
Inferred
Agent_Inference
howey_test_risk_index
Fails Howey Test; revenue derived from contracted labor and equipment services, not passive investment in a common enterprise — no securities risk
Inferred
Agent_Inference
regulatory_burden_tier
Very High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Low GDPR/CCPA exposure; handles employee PII and limited customer operational data, not consumer data at scale; compliance cost modest ~$1-3M annually
Inferred
Agent_Inference
antitrust_exposure_flag
Moderate; operates in concentrated utility infrastructure contracting market with few large peers (MYR Group, Quanta, MasTec); bid-rigging scrutiny possible
Inferred
Agent_Inference
regulatory_exposure_profile
Very High burden; regimes: FERC, NERC, EPA, NRC, State PUCs, DOE; Rate-case lag and clean-energy mandates compress returns on regulated asset base.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~70-80% recurring via multi-year MSA contracts with utilities; ~20-30% transactional project-based work; high revenue predictability
Inferred
Agent_Inference
monetization_vector
Time-and-materials and fixed-price contracted services billed per project milestone; master service agreements provide recurring base revenue
Inferred
Agent_Inference
pricing_architecture
Cost-plus and fixed-bid models; inflation pass-through limited on fixed-price contracts, exposing 20-30% of backlog to labor/materials cost overruns
Inferred
Agent_Inference
pricing_power_rating
Moderate; MSA repricing occurs at renewal (typically 1-3 years), limiting real-time pass-through; utility customers have procurement leverage — rating 5/10
Inferred
Agent_Inference
target_gross_margin_bracket
8.3% Gross Margin (Thin (<20%))
High
SEC-XBRL
churn_vulnerability_index
No free-rider problem; services are fully excludable contracted work; customer churn low given switching costs and incumbent contractor relationships
Inferred
Agent_Inference
headcount_cost_structure
Revenue growth is headcount-linear; doubling revenue requires near-doubling of field labor (electricians, pipefitters); minimal operating leverage in workforce
Inferred
Agent_Inference
marginal_cost_of_growth
High marginal cost; each incremental revenue dollar requires proportional field technician hiring, equipment, and mobilization spend — EBITDA margins stay flat ~7-9%
Inferred
Agent_Inference
franchise_compliance_risk
Not applicable; Centuri operates as a direct-service contractor, not a franchise model
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, unit economics deteriorate due to skilled-labor scarcity and equipment capital intensity; CAC rises sharply as workforce market tightens
Inferred
Agent_Inference
network_effect_present
No meaningful network effects; contractor relationships are bilateral and do not compound with scale; incumbent advantage is reputational/operational, not network-driven
Inferred
Agent_Inference
asset_efficiency_ratio
0.6% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Tier 2 resilient; utility infrastructure maintenance is largely non-discretionary, but large capital projects (grid expansion) can be deferred in downturns
Inferred
Agent_Inference
customer_segment_primary
Large investor-owned utilities (e.g., Southwest Gas, SoCalGas, Sempra); top 5 customers represent estimated 60-70% of revenue — high concentration risk
Inferred
Agent_Inference
customer_segment_secondary
Electric transmission and distribution utilities including regional IOUs; secondary segment adds diversification but still utility-sector correlated
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.34 (HIL — ~34% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
2.9% CapEx / Revenue (Low-CapEx Asset-Light)
High
SEC-XBRL
sec_cik
0001981599
High
SEC-EDGAR
ticker
CTRI
High
SEC-EDGAR