Cardinal Infrastructure Group Inc.
CDNLNasdaqIndustrials · Heavy Construction Other Than Bldg Const - Contractors · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $456.0M | $315.2M | $247.9M |
| Operating income | $40.4M | $35.9M | $29.5M |
| Net income | $22.7M | $21.4M | $20.6M |
| Total assets | $394.6M | $140.3M | — |
| Total liabilities | $255.0M | $117.0M | — |
| Equity | $139.5M | $23.4M | $7.5M |
| EPS (diluted) | $0.06 | — | — |
| Shares out. | 14.8M | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 8.9%
- Net margin
- 5.0%
- Return on equity
- 16.3%
- Return on assets
- 5.7%
- Return on capital (ROCE)
- 13.3%
- Liabilities / assets
- 64.6%
- Debt / equity
- 1.83×
- Book value / share
- $9.42
- Revenue growth (YoY)
- 44.7%
- Net income growth (YoY)
- 6.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 3.33safe
- Accruals / assets
- −3.9%clean
- Piotroski F-Score
- 5/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 6 good- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Alliancebernstein L.P.Passive (13G)May 18, 2026
- Schonfeld Strategic Advisors LlcPassive (13G)May 15, 2026
- Wasatch Advisors LpPassive (13G)Apr 23, 2026
- West Erik DanielPassive (13G)Feb 17, 2026
- Spivey Jeremy SimmonsPassive (13G)Feb 17, 2026
- Rowe Michael Bruce Jr.Passive (13G)Feb 17, 2026
- Mckinney MarkPassive (13G)Feb 17, 2026
- Berner RossPassive (13G)Feb 17, 2026
- Fmr LlcPassive (13G)Jan 8, 2026
- Ophir Asset Management Pty LtdPassive (13G)Dec 23, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Spivey Jeremy SimmonsOfficer — Chief Executive Officer | Dec 9, 2025 | Grant | 13.5M | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.3M | 2.4 | -16.2% |
| Apr 30, 2026 | 1.5M | 3.8 | +31.4% |
| Apr 15, 2026 | 1.2M | 2.4 | +3.9% |
| Mar 31, 2026 | 1.1M | 2.0 | +1207.4% |
| Mar 13, 2026 | 84,765 | 1.0 | +62.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operations · Regulation FD disclosureMay 12, 2026
- Results of operations · Regulation FD disclosureMar 19, 2026
- Director / officer changeMar 18, 2026
- Entered a material agreement · Completed an acquisition or disposition · Results of operations · New financial obligation · Unregistered equity sale · Director / officer change · Regulation FD disclosureFeb 19, 2026
- Completed an acquisition or disposition · Other material eventDec 15, 2025
- Entered a material agreement · Unregistered equity sale · Modified shareholder rights · Amended charter or bylaws · Other material eventDec 12, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4May 29, 2026
- SCHEDULE 13G/AMay 18, 2026
- SCHEDULE 13G/AMay 15, 2026
- 10-QMay 13, 2026
- 8-KMay 12, 2026
- 4May 11, 2026
- 4May 11, 2026
- 4May 11, 2026
- 4May 11, 2026
- 8-K/AMay 6, 2026
- ARSApr 24, 2026
- DEFA14AApr 24, 2026
- DEF 14AApr 24, 2026
- SCHEDULE 13G/AApr 23, 2026
- 3Apr 15, 2026
Event-driven situations (1)
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