Centuri Holdings, Inc. (CTRI) vs OPAL Fuels Inc. (OPAL)

Centuri Holdings, Inc. and OPAL Fuels Inc. are both Utilities Regulated Gas companies. Centuri Holdings, Inc. is the larger, with a market value of $2.1B against $321.4M — 6.4× the size. OPAL Fuels Inc. has negative trailing earnings, so its P/E is not meaningful; Centuri Holdings, Inc. trades at 66.5×. Centuri Holdings, Inc. grew revenue faster over the last twelve months: 25.2% against 3.02%. Centuri Holdings, Inc. has the higher net margin (0.85% vs −0.13%) and the higher return on invested capital (3.73% vs 0.39%). Across the 18 metrics below, Centuri Holdings, Inc. leads on 13 and OPAL Fuels Inc. on 5.

Valuation

Metric CTRI OPAL Utilities Regulated Gas median
P/E 66.55 n/m 15.65
P/S 0.61 0.16 2.04
P/B 2.40 1.45 1.50
Price to free cash flow 72.19 n/m —
EV/EBITDA 10.46 14.56 11.49
EV/Sales 0.82 1.16 3.54
Earnings yield 1.50% (0.54%) 6.39%
Free cash flow yield 1.39% (87.42%) (5.71%)

Profitability

Metric CTRI OPAL Utilities Regulated Gas median
Gross margin 7.76% 29.42% 63.14%
Operating margin 2.73% 0.69% 21.47%
Net margin 0.85% (0.13%) 13.00%
Free cash flow margin 0.85% (14.10%) (13.27%)
Return on equity 4.02% (5.45%) 9.47%
Return on assets 1.28% (0.04%) 3.80%
Return on invested capital 3.73% 0.39% 4.29%

Growth

Metric CTRI OPAL Utilities Regulated Gas median
Revenue growth (TTM) 25.17% 3.02% 6.36%
EPS growth (last fiscal year) 412.50% 650.00% —
Revenue growth, 5-year CAGR — — 6.36%
Net income growth, 5-year CAGR — — 8.10%

Health

Metric CTRI OPAL Utilities Regulated Gas median
Debt to equity 0.83 11.39 1.22
Current ratio 1.82 1.82 0.78
Net debt to EBITDA 2.41 10.02 4.68

Dividend

Metric CTRI OPAL Utilities Regulated Gas median
Dividend yield — — 4.31%
Payout ratio — 0.00 0.62

Size

Metric CTRI OPAL Utilities Regulated Gas median
Market cap 2.06b 321.43m 4.52b

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