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The latest announcement is out from Cardinal Infrastructure Group, Inc. ( (CDNL) ).
Cardinal Infrastructure Group Inc. reported that full-year 2025 revenues rose 45% to $456 million, with organic growth of 33% and net income up 10% to $31.1 million, reflecting strong residential and expanding commercial, DOT and municipal demand across its core North Carolina markets. The company, which completed its IPO in 2025, lifted Adjusted EBITDA to $81.5 million and grew backlog 33% to a record $682 million as of Dec. 31, 2025, underpinned by robust bidding and project awards.
Cardinal ended 2025 with $97.1 million in cash after raising $139.8 million in its IPO and deploying $101.5 million on acquisitions and higher capex to support growth. On Feb. 18, 2026, it acquired Georgia-based A.L. Grading Contractors, its first expansion beyond the Carolinas, added ALGC leadership into key executive and board roles, and reaffirmed 2026 guidance calling for $665 million–$678 million in revenue and Adjusted EBITDA margins above 20%, signaling confidence in continued growth momentum and margin improvement.
The most recent analyst rating on (CDNL) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Cardinal Infrastructure Group, Inc. stock, see the CDNL Stock Forecast page.
More about Cardinal Infrastructure Group, Inc.
Cardinal Infrastructure Group Inc., based in Raleigh, N.C., is one of the Southeast’s fastest-growing full-service infrastructure service providers. The company delivers integrated civil and site development solutions in high-growth markets through a self-performing model backed by skilled labor, specialized fleets and market-leading subsidiaries, enabling turnkey project execution at scale while focusing on long-term client relationships.
Its strategy centers on operational discipline, geographic market expansion and a stated commitment to integrity, with recent moves extending its footprint beyond its core North and South Carolina markets. Cardinal targets a diversified mix of residential, commercial, Department of Transportation and municipal work, positioning it to benefit from sustained development activity across the Southeastern United States.
Average Trading Volume: 255,348
Current Market Cap: $1.25B
Find detailed analytics on CDNL stock on TipRanks’ Stock Analysis page.