CDNL
Cardinal Infrastructure Group Inc. Class A Common Stock
CDNL has the edge over RDW overall, supported by lower modeled downside.
RDW
Redwire Corporation
RDW offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
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.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
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.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over CDNL on the outlook, with more favorable profitability expectations.
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 has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-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 has the edge over RDW on sales, with more consistent year-over-year improvement.
| 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 has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
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.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has the edge over CDNL on cash flow, with more consistent year-over-year improvement.
CDNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -52% | -22.5M shares |
| 1 year | +56% | +7.4M shares |
CDNL has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (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.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CDNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 69% below |
| 20 week MA | $38.5 | 85% below |
RDW has stronger trend alignment. CDNL is above 0 of 2 weekly averages versus RDW above 0 of 5.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-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.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over CDNL on returns for 2026, with the stronger performance.