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Cardinal Infrastructure Group, Inc. (CDNL) Stock Price & Analysis
CDNL Stock Chart & Stats
- Day’s Range
- $14.80 - $15.54
- 52-Week Range
- $13.05 - $96.40
- Previous Close
- $15.79
- Volume
- N/A
- Average Volume (3M)
- 1.06M
- Market Cap
- $723.96M
- Enterprise Value
- $4.30B
- Total Cash (Recent Filing)
- $339.09M
- Total Debt (Recent Filing)
- $227.62M
- Price to Earnings (P/E)
- 9.2
- Beta
- 0.62
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 0.52
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue And Backlog Growth
The raised outlook and record backlog indicate strong demand visibility and expanding market penetration. Sustained project activity can support revenue growth over the next several quarters, while backlog conversion provides a foundation for better planning, resource utilization, and operating scale.
Strategic Platform Expansion
The Hughes Brothers acquisition broadens Cardinal’s Central Florida capabilities in underground utilities and site development while adding meaningful backlog. Retaining local leadership and gaining scale could strengthen regional competitiveness and create a platform for further organic growth and targeted acquisitions.
Liquidity And Funding Capacity
The reported liquidity position gives Cardinal financial capacity to fund organic investments, absorb project timing variability, and pursue growth opportunities. Undrawn revolver capacity also provides flexibility, helping management support expansion without relying immediately on additional external financing.
Bears Say
Elevated Leverage
The sharp increase in debt relative to equity makes the capital structure more aggressive and reduces flexibility if construction activity weakens. Higher leverage can increase refinancing exposure and fixed financial obligations, limiting the company’s ability to redirect cash toward growth or withstand a downturn.
Negative Free Cash Flow
The reversal to negative free cash flow indicates that earnings did not translate fully into discretionary cash during 2025. Continued investment or working-capital demands could increase funding needs, reduce internally generated capital for expansion, and make reported profitability less durable than operating income alone suggests.
Margin Compression
The material margin decline shows that rapid expansion is currently accompanied by weaker cost absorption and deployment efficiency. If subcontracting, rental, weather, or corporate costs remain elevated, revenue growth may produce less incremental profit and could delay progress toward the company’s longer-term margin targets.
Cardinal Infrastructure Group, Inc. News
Cardinal Infrastructure enters amended acquisition agreement for Hughes Brothers
Cardinal Infrastructure (CDNL) Group announced that it has entered into an amendment to its previously announced agreement to acquire Hughes Brothers Construction, a Central Florida heavy civil and site development
CDNL FAQ
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Cardinal Infrastructure Group, Inc. Stock Smart Score
Company Description
Cardinal Infrastructure Group, Inc.
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.
- Sector
- General
- Industry
- Engineering & Construction
- CEO
- Jeremy Spivey
- Employees
- 1,480
- Website
- cardinalinfrastructuregroup.com
- Address
- 100 E Six Forks Road, Raleigh, NC, 27609, US
Cardinal Infrastructure Group, Inc. (CDNL) Earnings & Revenues
CDNL Company Deck
CDNL Earnings Call
Earnings Call SentimentPositive
The call conveyed strong topline momentum and strategic progress—record quarterly revenue, record backlog, aggressive revenue guidance raise, accretive M&A and a strong liquidity position. These positives were tempered by near-term margin compression driven by one-time costs, weather impacts, higher subcontractor/rental expenses in newer markets, and elevated G&A as the company matures as a public entity. Management described the margin headwinds as transitional and outlined clear operational levers (vertical integration, asphalt plant, Piedmont Pipe, equipment and CRM investments, and recovering one-time costs) expected to drive margin recovery later in the year and into 2027.
View all CDNL earnings summariesCDNL Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 4 | 15 |
| Technical Analysis | 2 | 4 | 4 |
| Moving Averages | 1 | 0 | 11 |







