Cardinal Infrastructure Group Inc. (CDNL) AI Stock Analysis

Cardinal Infrastructure Group Inc., formerly known as Civil Infrastructure Group Inc., is a civil contracting company founded in 2013 and headquartered in Raleigh, North Carolina. Employing 1,480 people, the company provides site development and infrastructure services across the residential, commercial, industrial, municipal, and state infrastructure sectors in the southeastern United States. Its service offerings include wet utility installations for water, sewer, and stormwater systems. It also performs grading, site clearing, erosion control, drilling and blasting, paving, and related site services.

Cardinal Infrastructure Group grew annual revenue from $247.9M in FY2023 to $315.2M in FY2024, and reached $456.0M in FY2025, producing a 2-year revenue compound annual growth rate of 35.6%. Revenue growth accelerated from 27.1% in FY2024 to 44.7% in FY2025. Gross margin expanded to 21.1% in FY2025 from 14.8% in FY2024, while operating margin compressed from 12.3% to 8.8%. Net income rose from $20.6M in FY2023 to $21.4M in FY2024 and $22.7M in FY2025, though net margin narrowed from 8.3% to 5.0%. For the trailing twelve months ended June 30, 2026, revenue totaled $662.6M with quarterly revenue growth of 113.9% year-over-year.

As of June 30, 2026, the company held $339.1M in cash and short-term investments against total debt of $227.6M, resulting in net cash of $111.5M. Total assets stood at $1.01B and shareholders' equity was $245.1M, with a current ratio of 3.59 and a debt-to-equity ratio of 0.93. Operating cash flow was $37.9M in FY2025, up from $30.9M in FY2023. Capital expenditures of $43.8M in FY2025 contributed to free cash flow of -$5.9M, alongside $23.4M in dividends paid.

CDNL trades at a trailing price-to-earnings multiple of 15.2x and a forward P/E of 13.2x, below the median of its US-listed Industrials peers of 24.8x trailing and 17.2x forward. Its enterprise value to EBITDA ratio of 5.8x and price-to-sales ratio of 0.5x also stand below the peer group medians of 13.9x and 1.5x, respectively. The stock closed at $14.62 on October 16, 2026, reflecting a year-to-date decline of 39.5% and sitting 66.9% below its 200-day moving average, while the S&P 500 benchmark gained 16.8% over the past year.

Wall Street coverage consists of 5 Strong Buy ratings, with zero Buy, Hold, Sell, or Strong Sell recommendations. The mean price target of $49.75 implies upside of 240.3% over the last close of $14.62. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $889.3M and earnings per share of $2.44. In FY2027, 2 analysts model revenue of $1.07B and EPS of $3.25, representing 33.1% EPS growth. Over the last four quarters, the company delivered 2 EPS beats, with its next earnings release scheduled for November 10, 2026.

This page is an AI-written research summary of Cardinal Infrastructure Group Inc. (CDNL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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