Cardinal Infrastructure Group Inc. (CDNL)
As-reported financials and SEC filings for Cardinal Infrastructure Group Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Cardinal Infrastructure Group Inc.
Cardinal Infrastructure Group Inc. provides a range of infrastructure services including wet utility installations, grading, site clearing, erosion control, drilling and blasting, and paving. The company serves residential, commercial, industrial, municipal, and state infrastructure markets primarily in the Southeastern United States. It operates through its subsidiary Cardinal Civil Contracting, LLC, leveraging in-house teams and equipment to deliver turnkey infrastructure solutions.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Cardinal Infrastructure Group
- Revenue grew 44.7% to $456M in FY2025, faster than the 27.1% the year before.
- Operating margin is 8.9% in FY2025, -3.1 pp against 11.9% in FY2023.
- Most recent quarter Q2 FY2026: revenue $227M, up 113.9% from Q2 FY2025.
- Free cash flow was negative $6M in FY2025.
- Net income rose 6.2% to $23M in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Cardinal Infrastructure Group’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Cardinal Infrastructure Group’s revenue growth of +44.7% ranks in the 94th percentile of the 668 Industrials companies reporting it.
13 reported insider purchases (code P) totaling $8.5M in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Two Sigma Investmentsquant | Q2 2026 | $17.2M | 182.2K | Added |
| Point72 Asset Managementquant | Q2 2026 | $6.5M | 69.0K | Reduced |
| Citadel Advisorsquant | Q2 2026 | $5.2M | 55.2K | New |
| Polen Capital Management | Q2 2026 | $2.9M | 30.8K | New |
| Millennium Managementquant | Q2 2026 | $503,405 | 5.3K | New |
No longer held by: Renaissance Technologies (as of Q2 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-08-17 filed 2026-08-18 | Wimmer Richard BennettDirector | Buy | 7.5K | $39.13 | $293K |
2026-08-14 filed 2026-08-17 | Spivey Jeremy SimmonsChief Executive Officer | Buy | 45.2K | $38.82 | $1.8M |
2026-08-14 filed 2026-08-17 | Wood Anthony Leon Jr.Director | Buy | 34.0K | $39.16 | $1.3M |
2026-08-14 filed 2026-08-17 | Lee Richard Melvin Jr.Director | Buy | 27.0K | $36.59 | $988K |
2026-08-14 filed 2026-08-17 | Wood Anthony Leon Jr.Director | Buy | 17.4K | $39.75 | $691K |
2026-08-14 filed 2026-08-17 | Spivey Jeremy SimmonsChief Executive Officer | Buy | 14.2K | $37.69 | $536K |
2026-08-14 filed 2026-08-17 | Wood BenjaminChief Operating Officer | Buy | 13.6K | $39.22 | $534K |
2026-08-14 filed 2026-08-17 | Zelman IvyDirector | Buy | 12.6K | $39.61 | $501K |
2026-08-14 filed 2026-08-17 | Wood BenjaminChief Operating Officer | Buy | 12.1K | $39.77 | $480K |
2026-08-14 filed 2026-08-17 | Spivey Jeremy SimmonsChief Executive Officer | Buy | 11.5K | $39.65 | $456K |
2026-08-14 filed 2026-08-17 | Spivey Jeremy SimmonsChief Executive Officer | Buy | 12.4K | $36.58 | $452K |
2026-08-14 filed 2026-08-17 | Lee Richard Melvin Jr.Director | Buy | 7.0K | $37.73 | $264K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 2.6M | +2.2% | 2.61 |
| 2026-07-31 | 2.5M | +20.5% | 4.00 |
| 2026-07-15 | 2.1M | -7.3% | 2.61 |
| 2026-06-30 | 2.3M | +14.6% | 2.23 |
| 2026-06-15 | 2.0M | +21.1% | 3.79 |
| 2026-05-29 | 1.6M | +28.6% | 3.59 |
| 2026-05-15 | 1.3M | -16.2% | 2.44 |
| 2026-04-30 | 1.5M | +31.4% | 3.81 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Revenue | $456.0M | $315.2M | $247.9M |
| Gross profit | — | — | — |
| Operating income | $40.4M | $35.9M | $29.5M |
| Net income | $22.7M | $21.4M | $20.6M |
| Diluted EPS | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Cash and equivalents | — | — | — |
| Current assets | $215.7M | $77.4M | — |
| Total assets | $394.6M | $140.3M | — |
| Current liabilities | $91.6M | $70.5M | — |
| Long-term debt | — | — | — |
| Total liabilities | $255.0M | $117.0M | — |
| Total equity | $139.5M | $23.4M | $7.5M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Operating cash flow | $37.9M | $42.6M | $30.9M |
| Capital expenditure | $43.8M | $20.8M | $12.3M |
| Free cash flow | $-5.9M | $21.9M | $18.6M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $226.9M | 113.9% | $4.7M | $0.26 |
| Q1 FY2026 | $167.5M | 104.8% | $3.4M | $0.23 |
| Q2 FY2025 | $106.1M | — | $7.2M | — |
| Q1 FY2025 | $81.8M | — | $5.5M | — |
Latest 4 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest Industrials peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.