Cardinal Infrastructure Group Inc., a civil contracting company, provides site development and infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the southeastern United States. It offers wet utility installations, such as water, sewer, and stormwater systems, as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. The company was formerly known as Civil Infrastructure Group Inc. and changed its name to Cardinal Infrastructure Group Inc. in September 2025. The company was founded in 2013 and is headquartered in Raleigh, North Carolina.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $456M | $72M | $23M | $-6M | 38.8% | - | 6.2% |
| 2024 | - | $53M | $21M | - | - | - | - |
| 2023 | - | $41M | - | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | - | - | 456.05 |
| Operating Revenue | - | - | 456.05 |
| Cost Of Revenue | - | - | 359.90 |
| Gross Profit | - | - | 96.15 |
| Operating Expense | - | 29.35 | 55.90 |
| Selling General And Administration | - | 10.69 | 23.53 |
| Total Expenses | - | 279.24 | 415.80 |
| Operating Income | - | 35.95 | 40.25 |
| Total Operating Income As Reported | - | 35.93 | 40.40 |
| EBITDA | 41.47 | 53.23 | 72.26 |
| Normalized EBITDA | 41.11 | 53.24 | 72.10 |
| EBIT | - | 34.48 | 39.89 |
| Interest Expense | - | 4.83 | 6.83 |
| Net Interest Income | - | -4.83 | -6.83 |
| Other Non Operating Income Expenses | - | -1.46 | -0.52 |
| Other Income Expense | - | -1.47 | -0.36 |
| Interest Expense Non Operating | - | 4.83 | 6.83 |
| Net Non Operating Interest Income Expense | - | -4.83 | -6.83 |
| Pretax Income | - | 29.65 | 33.06 |
| Tax Provision | - | 1.35 | 1.97 |
| Tax Rate For Calcs | - | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0.01 |
| Net Income Continuous Operations | - | 28.30 | 31.09 |
| Net Income From Continuing And Discontinued Operation | - | 21.36 | 22.69 |
| Net Income From Continuing Operation Net Minority Interest | - | 21.36 | 22.69 |
| Net Income | - | 21.36 | 22.69 |
| Net Income Common Stockholders | - | 21.36 | 22.69 |
| Net Income Including Noncontrolling Interests | - | 28.30 | 31.09 |
| Normalized Income | - | 21.37 | 22.54 |
| Diluted NI Availto Com Stockholders | - | 21.36 | 22.69 |
| Basic Average Shares | 13.22 | 13.22 | 14.95 |
| Diluted Average Shares | 13.22 | 13.22 | 14.95 |
| Reconciled Depreciation | 13.18 | 18.75 | 32.37 |
| Reconciled Cost Of Revenue | 199.08 | 249.80 | 359.90 |
| Total Unusual Items | - | - | 0.16 |
| Total Unusual Items Excluding Goodwill | - | - | 0.16 |
| Minority Interests | - | -6.94 | -8.41 |
| Special Income Charges | - | - | 0.16 |
| Depreciation Amortization Depletion Income Statement | - | 18.66 | 32.37 |
| Depreciation And Amortization In Income Statement | - | 18.66 | 32.37 |
| General And Administrative Expense | - | 10.69 | 23.53 |
| Other Gand A | - | 10.69 | 23.53 |
| Gain On Sale Of Ppe | - | - | 0.16 |
| Amortization | 0 | 0 | 7.13 |
| Amortization Of Intangibles Income Statement | 0 | 0 | 7.13 |
| Depreciation Income Statement | - | 18.66 | 25.25 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cardinal Infrastructure Group Inc.this co. | CDNL | $967M | 42.62β premium | 16.54 | 38.8% | 13.93 |
| Limbach Holdings, Inc. | LMB | $1.0B | 25.73 | 5.14 | 20.0% | 15.02 |
| LegalZoom.com, Inc. | LZ | $996M | 64.53 | 5.79 | 9.0% | 9.94 |
| Resolute Holdings Management, Inc. | RHLD | $966M | -163.07 | 148.07 | -90.8% | 6.35 |
| Eastman Kodak Company |
| KODK |
| $950M |
| -7.42 |
| 1.55 |
| -20.8% |
| -41.08 |
| Aebi Schmidt Holding AG | AEBI | $942M | 96.77 | 1.16 | 1.2% | 16.49 |
| National Presto Industries, Inc. | NPK | $939M | 28.38 | 2.38 | 8.4% | 20.15 |
| Power Solutions International, Inc. | PSIX | $926M | 8.13 | 5.19 | 63.8% | 8.99 |
| CRA International, Inc. | CRAI | $921M | 16.85 | 4.31 | 25.6% | 9.25 |
| Peer Median | - | 21.29 | 4.73 | 8.7% | 9.60 | |
Historically, Jun has averaged the highest return (+81.5%); Jul the lowest (-34.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.2%Positive MonthJan 2026: +4.18% | +27.9%Positive MonthFeb 2026: +27.91% | +23.1%Positive MonthMar 2026: +23.08% | +33.7%Positive MonthApr 2026: +33.73% | -2.1%Negative MonthMay 2026: -2.15% | +81.5%Positive MonthJun 2026: +81.54% | -34.3%Negative MonthJul 2026: -34.30% | -30.0%*Negative MonthAug 2026: -29.99% | β | β | β | β |
| 2025 | β | β | β | β | β | β | β | β | β | β | β | β |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 2 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.