Cardinal Infrastructure Group Inc $CDNL

Industrials

$13.69
-0.95 (-6.49%)
As of Oct 22, 2026, 9:29 PM EDT
Price history
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Cardinal Infrastructure Group Inc (CDNL) is trading down at $13.69 (-6.49%), as of the latest quote. It is a Russell 2000 constituent in the Industrials sector.

IPO: December 10, 2025 · $21.00 offering · NASDAQ · View IPO details →

Cardinal Infrastructure Group Inc revenue & net income history (FY2023–FY2025)

RevenueNet incomeNet margin (right axis, %)
$456.0M$228.0M$0FY2023 revenue: $247.9MFY2023 net income: $20.6M · Net margin 8.3%'23FY2024 revenue: $315.2MFY2024 net income: $21.4M · Net margin 6.8%'24FY2025 revenue: $456.0MFY2025 net income: $22.7M · Net margin 5.0%'250%2%4%6%8%10%FY2023 net margin: 8.3%FY2024 net margin: 6.8%FY2025 net margin: 5.0%
Cardinal Infrastructure Group Inc annual financial statements
FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$247.9M$315.2M$456.0M
Growth (year over year)—+27.1%+44.7%
Gross profit$48.8M$65.3M$96.1M
Gross margin19.7%20.7%21.1%
Operating income$29.5M$35.9M$40.4M
Operating margin11.9%11.4%8.9%
Net income$20.6M$21.4M$22.7M
Net margin8.3%6.8%5.0%
Balance sheet
Cash and equivalents—$20.9M$97.1M
Total assets—$140.3M$394.6M
Total liabilities—$117.0M$255.0M
Shareholders' equity$7.47M$23.4M$58.5M
Cash flow
Operating cash flow$30.9M$42.6M$37.9M
Capital expenditure$12.3M$20.8M$43.8M
Free cash flow$18.6M$21.9M−$5.91M

From Cardinal Infrastructure Group Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. Filings on SEC EDGAR →

About Cardinal Infrastructure Group Inc

Headquarters
Raleigh, North Carolina From SEC filings, Oct 2026

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