For fiscal 2025 (ended Dec 31, 2025), Cardinal Infrastructure Group Inc. reported $456.05M of revenue and $22.69M of net income.
CDNL revenue was $226.93M in fiscal Q2 2026 (ended Jun 30, 2026), up 113.9% from a year earlier and up 35.5% from the prior quarter. For the full fiscal 2025 it was $456.05M, up 44.7% from fiscal 2024.
CDNL net income was $4.68M in fiscal Q2 2026 (ended Jun 30, 2026), down 34.8% from a year earlier and down 59.3% from the prior quarter. For the full fiscal 2025 it was $22.69M, up 6.2% from fiscal 2024.
CDNL diluted EPS was $0.26 in fiscal Q2 2026 (ended Jun 30, 2026).
CDNL free cash flow was -$11.99M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$8.02M a year earlier. For the full fiscal 2025 it was -$5.91M, compared with $21.87M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $456.05M | $315.19M | $247.92M |
| Selling, general and admin | $23.53M | $10.69M | $6.50M |
| Operating income | $40.40M | $35.93M | $29.53M |
| Interest expense | $6.83M | $4.83M | $3.99M |
| Pre-tax income | $33.06M | $29.65M | $24.30M |
| Income tax | $1.97M | $1.35M | $0 |
| Net income | $22.69M | $21.36M | $20.57M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $97.15M | $20.92M | - |
| Receivables | $61.28M | $38.30M | $34.09M |
| Current assets | $215.65M | $77.39M | - |
| Goodwill | $23.51M | $7.05M | $7.05M |
| Total assets | $394.59M | $140.31M | - |
| Current liabilities | $91.65M | $70.55M | - |
| Total debt | $121.18M | $47.93M | - |
| Total liabilities | $255.05M | $116.96M | - |
| Shareholders' equity | $58.46M | $23.35M | $7.47M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $37.90M | $42.63M | $30.88M |
| Capital expenditures | $43.82M | $20.75M | $12.27M |
| Free cash flow | -$5.91M | $21.87M | $18.62M |
| Investing cash flow | -$101.50M | -$20.97M | -$22.36M |
| Financing cash flow | $139.83M | -$7.96M | -$2.69M |
| Stock-based compensation | $5.87M | $0 | $0 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | 44.7% | 27.1% | - |
| Net income growth, YoY | 6.2% | 3.8% | - |
| Operating margin | 8.9% | 11.4% | 11.9% |
| Net margin | 5.0% | 6.8% | 8.3% |
| Free cash flow margin | -1.3% | 6.9% | 7.5% |
| Return on equity | 38.8% | 91.5% | 275.4% |
| Return on assets | 5.7% | 15.2% | - |
| Current ratio | 2.35 | 1.10 | - |
| Debt to equity | 2.07 | 2.05 | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Revenue | $226.93M | $167.51M | $106.11M | $81.80M |
| Selling, general and admin | $9.02M | $10.14M | $2.97M | $2.13M |
| Operating income | $15.48M | $14.78M | $11.75M | $7.91M |
| Interest expense | $3.47M | $2.25M | $1.58M | $1.03M |
| Pre-tax income | $10.14M | $12.53M | $10.16M | $6.64M |
| Income tax | -$1.01M | $1.05M | $714.3K | $0 |
| Net income | $4.68M | $11.48M | $7.17M | $6.64M |
| EPS, basic | $0.30 | $0.23 | - | - |
| EPS, diluted | $0.26 | $0.23 | - | - |
| Diluted shares | 43.1M | 15.1M | - | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Cash and equivalents | $339.09M | $43.98M | - | - |
| Receivables | $114.41M | $96.63M | - | - |
| Current assets | $555.08M | $228.08M | - | - |
| Goodwill | $133.22M | $128.62M | - | - |
| Total assets | $1.01B | $657.25M | - | - |
| Current liabilities | $154.50M | $131.87M | - | - |
| Total debt | $199.50M | $198.63M | - | - |
| Total liabilities | $420.98M | $395.25M | - | - |
| Shareholders' equity | $245.06M | $262.00M | $38.19M | $30.00M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Operating cash flow | $12.68M | $9.32M | $4.23M | $12.09M |
| Capital expenditures | $24.67M | $9.32M | $12.25M | $10.37M |
| Free cash flow | -$11.99M | -$961 | -$8.02M | $1.72M |
| Investing cash flow | -$32.29M | -$134.79M | -$17.40M | -$24.22M |
| Financing cash flow | $314.72M | $72.31M | $9.56M | $13.99M |
| Stock-based compensation | $269.7K | $191.9K | $0 | $0 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Revenue growth, YoY | 113.9% | 104.8% | - | - |
| Net income growth, YoY | -34.8% | 72.9% | - | - |
| Operating margin | 6.8% | 8.8% | 11.1% | 9.7% |
| Net margin | 2.1% | 6.9% | 6.8% | 8.1% |
| Free cash flow margin | -5.3% | -0.0% | -7.6% | 2.1% |
| Current ratio | 3.59 | 1.73 | - | - |
| Debt to equity | 0.81 | 0.76 | - | - |
Source: XBRL data Cardinal Infrastructure Group Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CDNL | $456.05M | +44.7% | $22.69M | 5.0% | $738.3M |
| LMT | $79.12B | +7.9% | $6.51B | 8.2% | $135.87B |
| TDG | $10.01B | +16.6% | $2.13B | 21.3% | $67.37B |
| FER | €9.63B | +5.2% | €888.00M | 9.2% | $44.17B |
| RKLB | $881.90M | +59.0% | -$226.88M | -25.7% | $36.95B |
| ESLT | $7.94B | +16.3% | $534.34M | 6.7% | $33.58B |
| J | $14.22B | +20.1% | $338.43M | 2.4% | $18.30B |
| TTEK | $5.07B | -7.6% | $435.98M | 8.6% | $10.52B |