Stocks Industrials CDNL
NASDAQ · IndustrialsCardinal Infrastructure Group Inc. (CDNL)
Cardinal Infrastructure Group Inc. reported revenue of $456M in fiscal 2025, up 44.7% from a year earlier. Net income was $22.7M, a net margin of 5.0%. In fiscal 2025 capital spending exceeded operating cash flow by $5.9M. At June 30, 2026 it held $339.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 12, 2026.
Key facts about Cardinal Infrastructure Group Inc.
- Net worth
- Cardinal Infrastructure Group Inc. has a market value (market cap) of $681.7M at the latest share price, and shareholders' equity of $245.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $456M (+44.7% year on year), with net income of $22.7M.
- Cash flow
- In fiscal 2025 operations brought in $37.9M of cash; after $43.8M of capital spending, free cash flow was -$5.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 12, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
What Cardinal Infrastructure Group Inc. does
Cardinal Infrastructure Group Inc. is registered with the SEC under industry code SIC 1600 (Heavy Construction Other Than Bldg Const - Contractors). Its shares trade on NASDAQ under the ticker CDNL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $456M | $22.7M | n/a | -$5.9M |
| 2025 | $315.2M | $21.4M | n/a | $21.9M |
| 2023 | $247.9M | $20.6M | n/a | $18.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CDNL ranks in Industrials
Latest SEC filings
What Cardinal Infrastructure Group Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Passive stake (5% or more) SCHEDULE 13G
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 19, 2026Passive stake (5% or more) SCHEDULE 13G
- October 19, 2026
- October 1, 2026
- September 11, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 12, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 114% to $226.9M versus the same quarter last year; diluted EPS was $0.26.
- August 11, 2026
Insider trades
What the people running Cardinal Infrastructure Group Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $8.5M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 17, 2026 | Wimmer Richard BennettDirector | Bought | 7,500 | $293.5K |
| August 14, 2026 | Wood BenjaminChief Operating Officer | Bought | 13,627 | $534.5K |
| August 14, 2026 | Wood BenjaminChief Operating Officer | Bought | 12,073 | $480.1K |
| August 14, 2026 | Zelman IvyDirector | Bought | 12,647 | $500.9K |
| August 14, 2026 | Spivey Jeremy SimmonsChief Executive Officer, Director | Bought | 12,366 | $452.3K |
| August 14, 2026 | Spivey Jeremy SimmonsChief Executive Officer, Director | Bought | 14,224 | $536.1K |
| August 14, 2026 | Spivey Jeremy SimmonsChief Executive Officer, Director | Bought | 45,249 | $1.8M |
| August 14, 2026 | Spivey Jeremy SimmonsChief Executive Officer, Director | Bought | 11,511 | $456.4K |
Who owns CDNL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jeremy Simmons Spivey13G, passive with 1 related filers | 45% | February 17, 2026 |
| Erik Daniel West13G, passive with 1 related filers | 29% | February 17, 2026 |
| Michael Bruce Rowe, Jr.13G, passive with 1 related filers | 29% | February 17, 2026 |
| Fmr LLC13G, passive with 1 related filers | 14.9% | August 6, 2026 |
| First Trust Portfolios L.P.13G, passive with 2 related filers | 6.71% | October 30, 2026 |
| Driehaus Capital Management LLC13G, passive | 6.08% | August 14, 2026 |
| Conversant Capital LLC13G, passive with 3 related filers | 5.5% | October 19, 2026 |
| Ross Berner13G, passive | 5.4% | February 17, 2026 |
| Ophir Asset Management Pty Ltd13G, passive with 1 related filers | 5.3% | December 23, 2025 |
| Mark McKinney13G, passive | 5.1% | February 17, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 158 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 2,957,660 | +971,368 |
| Driehaus Capital Management LLC | 1,208,910 | +548,396 |
| BlackRock, Inc. | 1,207,548 | +510,349 |
| Emerald Advisers, LLC | 847,969 | +269,369 |
| Ameriprise Financial Inc | 771,009 | new |
| Fred Alger Management, LLC | 727,033 | +40,448 |
| American Century Companies Inc | 710,881 | new |
| Vanguard Capital Management LLC | 704,186 | +188,767 |
| Victory Capital Management Inc | 666,645 | new |
| Principal Financial Group Inc | 646,899 | +218,636 |
| Emerald Mutual Fund Advisers Trust | 549,297 | +190,234 |
| Franklin Resources Inc | 524,122 | new |
| Kayne Anderson Rudnick Investment Management LLC | 455,366 | new |
| Engle Capital Management, L.P. | 447,655 | +129,655 |
| Geode Capital Management, LLC | 421,713 | +114,770 |
| Alliancebernstein L.P. | 982,766 | +50,446 |
| Federated Hermes, Inc. | 392,348 | +33,400 |
| Wasatch Advisors LP | 349,444 | -343,606 |
| State Street Corp | 326,245 | +58,316 |
| Balyasny Asset Management L.P. | 302,634 | +192,841 |
Insiders
10 insiders reported holding 20,717,333 shares in total, about $297.5M at the last price.
| Holder | Shares |
|---|---|
| Spivey Jeremy SimmonsChief Executive Officer, Director, 10% owner | 12,313,1982,050,844 held indirectly |
| West Erik DanielSee Remarks, 10% owner | 6,114,0091,018,084 held indirectly |
| Rowe Michael Bruce Jr.Chief Financial Officer | 2,045,003203,617 held indirectly |
| Lee Richard Melvin Jr.Director | 68,254 |
| Wood Anthony Leon Jr.Director | 51,400 |
| Wood BenjaminChief Operating Officer | 45,700 |
| Zelman IvyDirector | 32,891 |
| Wimmer Richard BennettDirector | 29,349 |
| Shanfelter Austin JDirector | 11,529 |
| Gidley Tiffany LeannGeneral Counsel and Secretary | 6,000 |
Questions about CDNL
What does Cardinal Infrastructure Group Inc. do?
Cardinal Infrastructure Group Inc. is a company in the Industrials sector, listed on NASDAQ as CDNL. Its shares trade on NASDAQ under the ticker CDNL.
What is Cardinal Infrastructure Group Inc.'s net worth?
Cardinal Infrastructure Group Inc. has a market value (market cap) of $681.7M at the latest share price, and shareholders' equity of $245.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cardinal Infrastructure Group Inc. profitable?
Yes. In fiscal 2025 it reported net income of $22.7M on revenue of $456M, a net margin of 5.0%.
How much revenue does Cardinal Infrastructure Group Inc. make?
In fiscal 2025 Cardinal Infrastructure Group Inc. reported revenue of $456M. That is 44.7% more than a year earlier.
When did Cardinal Infrastructure Group Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 12, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the passive stake (5% or more) from October 30, 2026.
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Where the numbers come from
Financial figures are the values Cardinal Infrastructure Group Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.