CDNL
Cardinal Infrastructure Group Inc. Class A Common Stock
CDNL's fundamentals are mixed: revenue grew 88%, but its operating margin fell 6 points to 4.1%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CDNL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Strong |
CDNL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
CDNL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 2.4x | $5.64 | — |
| Current | 4.6x | $5.64 | — |
| Cheap | 17x | $20.70 | +267% |
| Fair | 33x | $41.09 | +629% |
| Expensive | 46x | $57.51 | +920% |
Historical ranges are pointers, not guarantees.
CDNL's PE is 4.5x, but its earnings don't support one, so it isn't a reliable read right now.
CDNL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for CDNL, with profitability holding steady.
CDNL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.33 | +88% |
| Q3 2026 | $1.24 | +727% |
| Q2 2026 | $1.19 | +70% |
| Q1 2026 | $1.47 | +123% |
| Q4 2025 | $1.65 | +120% |
CDNL's earnings per share have climbed steadily: $1.24 over the past year, about eight times what it earned the year before, and higher year over year every quarter since late 2025.
CDNL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9M | +65% |
| Q2 2026 | $226.9M | +114% |
| Q1 2026 | $167.5M | +105% |
| Q4 2025 | $145.8M | +72% |
| Q3 2025 | $122.3M | +60% |
| Q2 2025 | $106.1M | +38% |
| Q1 2025 | $81.8M | +6.3% |
CDNL's revenue has grown year over year every quarter since early 2025: $202M last quarter, up 65% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | -14 points |
| Q2 2026 | 6.8% | -4.3 points |
| Q1 2026 | 8.8% | -0.7 points |
| Q4 2025 | 6% | -3.6 points |
| Q3 2025 | 9.7% | +0.8 points |
| Q2 2025 | 11% | -2.5 points |
| Q1 2025 | 9.5% | -4.1 points |
| Q4 2024 | 9.6% | N/A |
CDNL's operating margin was −4.3% last quarter, down 14 points from the same quarter a year ago, near the bottom of its range since 2024.
CDNL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $738.6K | -19% |
| Q2 2026 | -$12M | -$4M |
| Q1 2026 | -$961 | -100% |
| Q4 2025 | -$524.2K | -108% |
| Q3 2025 | $909.1K | -95% |
CDNL's free cash flow has turned negative after years in the green: −$12M over the past year.
CDNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -52% | -22.5M shares |
| 1 year | +56% | +7.4M shares |
CDNL has 21M diluted shares, up 56% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CDNL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.8x | Very low |
CDNL has more cash than debt.
CDNL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.5 | Oversold |
| Stochastic | 2.9 | Oversold |
CDNL's weekly RSI is 27 (oversold) and its Stochastic is 3 (oversold).
CDNL PE vs Industrials Sector
| Metric | CDNL | Sector median | Relative |
|---|---|---|---|
| PE | 4.6x | 24x | 81% below |
| PE % | 0 | 2 | 2 pts below |
CDNL is trading at 4.5x earnings, a 81% discount to the Industrials sector's median of 24x, though its earnings don't support one.
CDNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 69% below |
| 20 week MA | $38.5 | 85% below |
CDNL is in a downtrend: it's below all two of its weekly moving averages, and 85% below its 20-week average.
CDNL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $29.7 | $23.6 | -20% |
| 2026 YTD | $23.6 | $5.64 | -76% |
CDNL has finished every year since 2025 lower, and it's down 76% so far in 2026.