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Companies / Industrials / Cardinal Infrastructure Group Inc.
CDNL

Cardinal Infrastructure Group Inc.

IndustrialsConstruction
Ticker CDNLRALEIGH, NCFiscal year ends December

Cardinal Infrastructure Group Inc. (Nasdaq: CDNL) provides site preparation and infrastructure construction services for residential, commercial, industrial, municipal and state projects. Its work includes water, sewer and stormwater utility installation, grading, site clearing, erosion control, drilling and blasting,… From the company’s description.

In fiscal 2025, Cardinal Infrastructure Group Inc. reported revenue of $456.05M and net income of $31.09M. Its operating margin was 8.9%, and operations generated $37.90M in cash.

Fiscal year 2025 · ends 12-31
Sales & profitability
$456.05MFY2025
8.86%FY2025
$31.09MFY2025
0.00%FY2025
Cash & financing
$37.90MFY2025
$-5.91MFY2025
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—

Dotted labels explain each measure.

What Cardinal Infrastructure Group Inc. does

In the company’s own words

Cardinal Infrastructure Group Inc. (Nasdaq: CDNL) provides site preparation and infrastructure construction services for residential, commercial, industrial, municipal and state projects. Its work includes water, sewer and stormwater utility installation, grading, site clearing, erosion control, drilling and blasting, paving, and related services, delivered primarily with in-house crews and equipment. Customers include regional and national home builders, general contractors, and public-sector entities; residential builders accounted for 66% of 2025 revenue. The company operates mainly in North Carolina, serving the greater Raleigh, Charlotte and Greensboro markets, with some work in South Carolina. Cardinal began in 2013 as a wet-utilities installer and expanded its services and geography through organic growth and acquisitions. In February 2026 it acquired A.L. Grading Contractors, expanding into the greater Atlanta area. For fiscal 2025, the company reported revenue of approximately $456 million and was working on more than 270 projects as of year-end. Its website is www.cardinalinfrastructure.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
RALEIGH, NC
Fiscal year end
December
CIK
2079999
SIC
1600

Financial performance, year by year

Fiscal 2025–2025 · USD
$-45.60M$91.21M$228.02M$364.84M$501.65M2025

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cardinal Infrastructure Group Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

178
funds hold it
1 of 35
superinvestors hold it
$799.16M
held by funds, at market
52.3%
of shares held by funds

Superinvestors in Cardinal Infrastructure Group Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Cardinal Infrastructure Group Inc.’s weight in each

1.04%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
Small Cap Value Fund
ASVIX · American Century Capital Portfolios, Inc.
1.20%of fund net assets
T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund
PRDSX · T. ROWE PRICE INTEGRATED EQUITY FUNDS, INC.
0.32%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cardinal Infrastructure Group Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cardinal Infrastructure Group Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cardinal Infrastructure Group Inc.'s last four quarterly filings that the numbers alone won't show?”
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