Cardinal Infrastructure Group Inc
CDNLIndustrials·Engineering & Construction·USA·Small·NASD·Nov 11 • 8:39 AM ET
15.73+1.13 (7.72%)
2026-11-11 15:19 CET
Market cap
298.26 USD m
Revenue, TTM
662.58 USD m
Net income, TTM
18.14 USD m
Free cash flow, TTM
-11.60 USD m
EPS diluted, TTM
1.22
P/E
12.91
Price
CDNL against its 20, 50 and 200-day averages2050200missearnings
83.7% under 96.40 on 1 Jul 2026. Last 15 sessions, 30.8% high to low
Profile
CDNL52-week range, 4% of the way up
12.5196.40
Cardinal Infrastructure Group, Inc. provides infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. It delivers wet utility installations of water, sewer, and stormwater systems, as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. The company was founded on June 12, 2025 and is headquartered in Raleigh, NC.
| Index | RUT |
|---|---|
| Employees | 1480 |
| IPO | Dec 10, 2025 |
| ATR, 14d | 1.71 |
| Rel volume | 0.19 |
| Short float | 15.22% |
| Insider own | 9.30% |
| Inst own | 124.19% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 746.65M |
| Enterprise Value | 983.61M |
| Income | 18.14M |
| Sales | 662.58M |
| Book/sh | 12.11 |
| Cash/sh | 7.14 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | 0.00% |
| Employees | 1480 |
| IPO | Dec 10, 2025 |
Ratios
| P/E | 12.91 |
|---|---|
| Forward P/E | 6.92 |
| PEG | - |
| P/S | 1.13 |
| P/B | 1.30 |
| P/C | 2.20 |
| P/FCF | - |
| EV/EBITDA | 10.54 |
| EV/Sales | 1.48 |
| Quick Ratio | 3.59 |
| Current Ratio | 3.59 |
| Debt/Eq | 0.93 |
| LT Debt/Eq | 0.84 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | 1.22 |
|---|---|
| EPS next Y | 2.27 |
| EPS next Q | 0.52 |
| EPS this Y | 113.83% |
| EPS next Y | 31.18% |
| EPS next 5Y | - |
| EPS past 3/5Y | -1.25% - |
| Sales past 3/5Y | 35.63% - |
| EPS Y/Y TTM | -20.34% |
| Sales Y/Y TTM | 89.75% |
| EPS Q/Q | -52.32% |
| Sales Q/Q | 113.87% |
| Earnings | Nov 12 BMO |
| EPS/Sales Surpr. | -39.07% 15.56% |
Ownership
| Insider Own | 9.30% |
|---|---|
| Insider Trans | 5.79% |
| Inst Own | 124.19% |
| Inst Trans | 25.89% |
| ROA | 3.00% |
| ROE | 13.73% |
| ROIC | 4.01% |
| Gross Margin | 13.36% |
| Oper. Margin | 8.24% |
| Profit Margin | 2.74% |
| SMA20 | 5.28% |
| SMA50 | -33.84% |
| SMA200 | -63.57% |
| Trades | - |
Technical
| Shs Outstand | 20.24M |
|---|---|
| Shs Float | 18.53M |
| Short Float | 15.22% |
| Short Ratio | 3.01 |
| Short Interest | 2.82M |
| 52W High | 96.40 -83.68% |
| 52W Low | 12.51 25.72% |
| Volatility | 11.66% 10.00% |
| ATR (14) | 1.71 |
| RSI (14) | 41.02 |
| Beta | - |
| Rel Volume | 0.19 |
| Avg Volume | 938.11K |
| Volume | 8,851 |
Performance
| Perf Week | 5.34% |
|---|---|
| Perf Month | -15.53% |
| Perf Quarter | -54.62% |
| Perf Half Y | -71.35% |
| Perf YTD | -34.96% |
| Perf Year | - |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 47.25 |
| Prev Close | 14.60 |
| Price | 15.73 |
| Change % | 7.72% |
Analyst ratings
latest 5 of 5| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 25, 2026 | Initiated | TTruist | Buy | $40 | +154.3% |
| May 28, 2026 | Initiated | OOppenheimer | Outperform | $60 | +281.5% |
| Jan 20, 2026 | Initiated | DDA Davidson | Buy | ||
| Jan 05, 2026 | Initiated | WWilliam Blair | Outperform | ||
| Jan 05, 2026 | Initiated | SStifel | Buy | $28 | +78.0% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| ROAD | Construction Partners Inc | 4.69B |
| STRL | Sterling Infrastructure Inc | 9.56B |
| GVA | Granite Construction Inc | 5.60B |
| SLND | Southland Holdings Inc | 37.01M |
| BBCP | Concrete Pumping Holdings Inc | 508.97M |
| ESOA | Energy Services of America Corp | 165.51M |
| PRIM | Primoris Services Corp | 3.82B |
| TPC | Tutor Perini Corp | 5.27B |
| KNF | Knife River Corp | 3.35B |
| VMC | Vulcan Materials Co | 36.61B |
Insider trading
9 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Wimmer Richard Bennett | Director | Aug 17 '26 | Buy | 39.13 | 7,500 | 293,475 | 29,349 | Aug 18 05:26 PM |
| Lee Richard Melvin Jr. | Director | Aug 14 '26 | Buy | 36.82 | 34,000 | 1,252,040 | 68,254 | Aug 17 05:40 PM |
| Rowe Michael Bruce Jr. | Chief Financial Officer | Aug 14 '26 | Buy | 36.53 | 7,000 | 255,710 | 7,000 | Aug 17 05:39 PM |
| Wood Anthony Leon Jr. | Director | Aug 14 '26 | Buy | 39.36 | 51,400 | 2,023,079 | 51,400 | Aug 17 05:39 PM |
| Spivey Jeremy Simmons | Chief Executive Officer | Aug 14 '26 | Buy | 38.41 | 83,350 | 3,201,428 | 83,350 | Aug 17 05:38 PM |
| Zelman Ivy | Director | Aug 14 '26 | Buy | 39.61 | 12,647 | 500,948 | 32,891 | Aug 17 05:38 PM |
| Wood Benjamin | Chief Operating Officer | Aug 14 '26 | Buy | 39.48 | 25,700 | 1,014,594 | 45,700 | Aug 17 05:37 PM |
| Wood Benjamin | CHIEF OPERATING OFFICER | May 27 '26 | Buy | 51.30 | 20,000 | 1,025,900 | 20,000 | May 29 05:15 PM |
| Zelman Ivy | Director | Mar 26 '26 | Buy | 36.33 | 6,921 | 251,440 | 15,326 | Mar 27 05:00 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| VTWG | Vanguard Russell 2000 Growth Index ETF | AUM: 1.41B |
| SPIT | F/m Emerald Special Situations ETF | AUM: 32.53M |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | AUM: 95.28B |
| MSSM | Morgan Stanley Pathway Small-Mid Cap Equity ETF | AUM: 709.29M |
| RSSL | Global X Russell 2000 ETF | AUM: 1.43B |
News
latest 14 of 84- CDNL Down Another 10%: Cardinal Infrastructure Investors with Losses Encouraged to Contact Block & Leviton (Newsfile) -15.71%
- Cardinal Infrastructure Must Prove Its Margin Squeeze Is Temporary After A 69% Stock Collapse (Earnings Whispers)
- Cardinal Infrastructure Group (CDNL) Schedules Third Quarter 2026 Earnings Conference Call (PR Newswire)
- Bear of the Day: Cardinal Infrastructure (CDNL) (Zacks)
- Cardinal Infrastructure Group (CDNL) Enters into Amended Agreement for Acquisition of Hughes Brothers Construction Inc. (PR Newswire) +8.55%
- Loading…
- Cardinal Infrastructure Group (CDNL) Announces Acquisition of Hughes Brothers Construction, Inc. (PR Newswire) -10.99%
- CDNL: Cardinal Infrastructure Group Investors with Losses Should Contact Block & Leviton to Discuss Recovery Options (Newsfile) -9.23%
- Cardinal Infrastructure Group, Inc., Announces Closing of Allied Paving Contractors Acquisition (PR Newswire)
- Cardinal Infrastructure Group Completes Syndication of Expanded Credit Facility (PR Newswire)
- Cardinal Infrastructure Group Company, ALGC, Announces Contract Win on Walmart Sorting Facility (PR Newswire)
- Cardinal Infrastructure Group Inc (CDNL) (Q2 2026) Earnings Call Highlights: Record Revenue and ... (GuruFocus.com) -36.22% -6.01%
- Cardinal Infrastructure raises 2026 revenue guidance after record Q2 sales (InvestorsHub)
- Cardinal: Q2 Earnings Snapshot (Associated Press)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-12 | - | 0.516 | - | - | 234.8 | 5 |
| 2026Q2 | 2026-08-11 | 0.260 | 0.427 | 0.260 | 226.93 | 196.38 | 3 |
| 2026Q1 | 2026-05-12 | 0.230 | 0.175 | 0.226 | 167.51 | 126.59 | 2 |
| 2025Q4 | 2026-03-19 | 0.130 | 0.253 | 0.197 | 145.81 | 138.48 | 3 |
| 2026Q4 | - | - | 0.598 | - | - | 260.09 | 5 |
| 2027Q1 | - | - | 0.397 | - | - | 232.25 | 3 |
| 2027Q2 | - | - | 0.613 | - | - | 301.82 | 3 |
| 2027Q3 | - | - | 0.720 | - | - | 289.57 | 3 |
| 2027Q4 | - | - | 0.680 | - | - | 289.32 | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | 0.780 | 1.036 | 0.000 | 456.05 | 448.71 |
| 2026FY | - | 1.732 | - | - | 889.31 |
| 2027FY | - | 2.272 | - | - | 1,108 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-11-02 | 5 | 0 | 0 | 234.8 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-10-25 | 5 | 1 | 0 | 234.8 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-10-24 | 5 | 2 | 0 | 234.8 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-09-24 | 5 | 3 | 0 | 234.8 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-08-26 | 4 | 3 | 0 | 236.03 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-08-19 | 3 | 3 | 0 | 236.37 | 222.66 | 246.9 |
| 2026Q3 | S | 2026-08-11 | 3 | 3 | 0 | 235.37 | 222.66 | 243.9 |
| 2026Q3 | S | 2026-08-10 | 3 | 2 | 0 | 199.41 | 176.56 | 222.66 |
| 2026Q3 | S | 2026-07-26 | 3 | 1 | 0 | 181.18 | 167.97 | 199 |
| 2026Q3 | S | 2026-07-07 | 3 | 1 | 1 | 181.18 | 167.97 | 199 |
| 2026Q3 | S | 2026-06-12 | 3 | 1 | 1 | 179.51 | 167.97 | 194 |
| 2026Q3 | S | 2026-05-27 | 3 | 1 | 1 | 179.18 | 167.97 | 194 |
| 2026Q3 | S | 2026-05-13 | 2 | 1 | 1 | 180.99 | 167.97 | 194 |
| 2026Q3 | S | 2026-05-12 | 2 | 1 | 1 | 176.74 | 167.97 | 185.5 |
Estimate history
| EPS, annual | 1.556 | 1.616 | 1.518 | 1.2183 | ||||
|---|---|---|---|---|---|---|---|---|
| Period | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | 0.293 | 0.333 | 0.414 | 0.542 | 0.537 | 0.197 | 0.226 | 0.259 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 247.924 | 315.188 | 456.045 | 662.58 | ||||
| Period | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 76.346 | 84.927 | 81.801 | 106.111 | 122.324 | 145.81 | 167.509 | 226.934 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 13.219 | 13.219 | 14.947 | 20.239 | ||||
| Period | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 13.219 | 13.219 | 13.219 | 13.219 | 13.219 | 14.947 | 15.293 | 20.239 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Total Revenue | 662.58 | 456.05 | 315.19 | 247.92 |
| Cost of Goods Sold Incl. D&A | 574.07 | 392.27 | 268.55 | 212.26 |
| Gross Profit | 88.51 | 63.77 | 46.64 | 35.66 |
| Selling, General and Administrative Excl. Other | 33.95 | 22.58 | 7.83 | 4.90 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 54.57 | 41.19 | 38.80 | 30.76 |
| Interest Expense | 9.93 | 6.83 | 4.83 | 3.99 |
| Unusual Expense | 3.66 | 0.94 | 2.85 | 1.60 |
| Net Income Before Taxes | 38.93 | 33.06 | 29.65 | 24.30 |
| Income Taxes | 1.29 | 1.97 | 1.35 | 0.00 |
| Consolidated Net Income | 37.63 | 31.09 | 28.30 | 24.30 |
| Net Income From Continuing Operations | 18.14 | 22.69 | 21.36 | 20.57 |
| Net Income | 18.14 | 22.69 | 21.36 | 20.57 |
| EPS (Recurring) | 0.63 | 1.56 | 1.77 | 1.64 |
| EPS (Basic, Before Extraordinaries) | 1.26 | 1.52 | 1.62 | 1.56 |
| EPS (Diluted) | 1.22 | 1.52 | 1.62 | 1.56 |
| EBITDA | 93.32 | 73.56 | 57.46 | 44.04 |
| Non-Operating Income (Expense) | -2.05 | -0.36 | -1.47 | -0.88 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 4.55 | - | - |
| Price To Earnings Ratio | 11.98 | 11.98 | - | - |
| Price To Sales Ratio | 6.13 | 0.79 | - | - |
| Gross Margin | 13.36 | 13.98 | 14.80 | 14.38 |
| Operating Margin | 8.24 | 9.03 | 12.31 | 12.41 |
| Net Margin | 2.74 | 4.97 | 6.78 | 8.30 |
| Shares Outstanding | 20.24 | 14.95 | 13.22 | 13.22 |
| Market Capitalization | 298.26 | 298.26 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 226.93 | 167.51 | 145.81 | 122.32 | 106.11 | 81.80 | 84.93 | 76.35 |
| Cost of Goods Sold Incl. D&A | 202.48 | 142.59 | 123.65 | 105.34 | 91.40 | 71.88 | 72.71 | 67.29 |
| Gross Profit | 24.45 | 24.92 | 22.16 | 16.98 | 14.71 | 9.92 | 12.22 | 9.06 |
| Selling, General and Administrative Excl. Other | 8.37 | 7.71 | 13.05 | 4.81 | 2.90 | 1.82 | 2.47 | 2.17 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 16.08 | 17.21 | 9.10 | 12.17 | 11.81 | 8.10 | 9.75 | 6.88 |
| Interest Expense | 3.47 | 2.25 | 2.95 | 1.26 | 1.58 | 1.03 | 1.39 | 1.19 |
| Unusual Expense | 0.65 | 2.44 | 0.40 | 0.17 | 0.07 | 0.31 | 1.52 | 0.08 |
| Net Income Before Taxes | 10.14 | 12.53 | 5.17 | 11.09 | 10.16 | 6.64 | 6.78 | 5.42 |
| Income Taxes | -1.01 | 1.05 | 0.28 | 0.98 | 0.71 | 0.00 | 0.34 | 0.23 |
| Consolidated Net Income | 11.15 | 11.48 | 4.89 | 10.11 | 9.45 | 6.64 | 6.44 | 5.19 |
| Net Income From Continuing Operations | 4.68 | 3.42 | 2.95 | 7.09 | 7.17 | 5.48 | 4.40 | 3.87 |
| Net Income | 4.68 | 3.42 | 2.95 | 7.09 | 7.17 | 5.48 | 4.40 | 3.87 |
| EPS (Recurring) | 0.27 | 0.34 | 0.22 | 0.55 | 0.55 | 0.43 | 0.41 | 0.30 |
| EPS (Basic, Before Extraordinaries) | 0.30 | 0.23 | 0.20 | 0.54 | 0.54 | 0.41 | 0.33 | 0.29 |
| EPS (Diluted) | 0.26 | 0.23 | 0.20 | 0.54 | 0.54 | 0.41 | 0.33 | 0.29 |
| EBITDA | 27.67 | 26.48 | 18.16 | 21.00 | 19.70 | 14.70 | 14.85 | 11.78 |
| Non-Operating Income (Expense) | -1.83 | 0.00 | -0.58 | 0.35 | -1E-05 | -0.13 | -0.06 | -0.19 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.21 | 0.15 | 4.55 | - | - | 0.00 | - | - |
| Price To Earnings Ratio | 11.98 | - | - | - | - | - | - | - |
| Price To Sales Ratio | 6.13 | 1.11 | 0.79 | - | - | - | - | - |
| Gross Margin | 10.78 | 14.88 | 15.19 | 13.88 | 13.86 | 12.13 | 14.39 | 11.86 |
| Operating Margin | 7.09 | 10.28 | 6.24 | 9.95 | 11.13 | 9.91 | 11.48 | 9.02 |
| Net Margin | 2.06 | 2.04 | 2.02 | 5.80 | 6.75 | 6.70 | 5.18 | 5.07 |
| Shares Outstanding | 20.24 | 15.29 | 14.95 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 |
| Market Capitalization | 298.26 | 606.44 | 571.19 | - | - | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY |
|---|---|---|---|
| Cash & Short Term Investments | 97.15 | 20.92 | 7.22 |
| Short Term Receivables | 116.18 | 56.01 | 52.22 |
| Inventories | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 2.33 | 0.46 | 1.88 |
| Total Current Assets | 215.65 | 77.39 | 61.32 |
| Net Property, Plant & Equipment | 93.83 | 54.89 | 50.03 |
| Total Investments and Advances | 0.00 | 0.98 | 0.37 |
| Intangible Assets | 39.02 | 7.05 | 7.05 |
| Deferred Tax Assets | 46.08 | - | - |
| Other Assets | 0.00 | 0.00 | 0.00 |
| Total Assets | 394.59 | 140.31 | 118.77 |
| Short Term Debt Incl. Current Port. of LT Debt | 13.29 | 16.99 | 17.55 |
| Accounts Payable | 60.60 | 38.28 | 41.28 |
| Other Current Liabilities | 17.75 | 15.28 | 14.81 |
| Total Current Liabilities | 91.65 | 70.55 | 73.64 |
| Long Term Debt | 123.98 | 46.41 | 37.65 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.00 | - | - |
| Other Liabilities | 39.42 | 0.00 | 0.00 |
| Total Liabilities | 255.05 | 116.96 | 111.30 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 |
| Common Equity | 58.46 | 11.76 | 0.44 |
| Total Shareholders Equity | 58.46 | 11.76 | 0.44 |
| Accumulated Minority Interest | 81.08 | 11.60 | 7.03 |
| Total Equity | 139.54 | 23.35 | 7.47 |
| Total Liabilities & Stockholders Equity | 394.59 | 140.31 | 118.77 |
| Book Value Per Share | 3.91 | 0.89 | 0.03 |
| Tangible Book Value Per Share | 1.30 | 0.36 | -0.50 |
| Full-Time Employees | 1,480 | - | - |
| Price to Book Ratio | 1.21 | - | - |
| Return on Assets | 8.48 | 16.49 | - |
| Return on Equity | 64.62 | 350.09 | - |
| Return on Invested Capital | 12.43 | 36.71 | 54.00 |
| Quick Ratio | 2.35 | 1.10 | 0.83 |
| Current Ratio | 2.35 | 1.10 | 0.83 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Net Income | 37.63 | 31.09 | 28.30 | 24.30 |
| Depreciation | 38.79 | 32.37 | 18.66 | 13.28 |
| Other Funds (Non Cash) | 8.58 | 5.72 | -0.00 | -0.31 |
| Funds from Operations | 85.24 | 69.46 | 46.96 | 37.27 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -41.66 | -31.56 | -4.33 | -6.39 |
| Cash from Operating Activities | 43.57 | 37.90 | 42.63 | 30.88 |
| Capital Expenditures | -55.18 | -43.82 | -20.75 | -12.27 |
| Net Assets From Acquisitions | -173.69 | -59.40 | 0.00 | -10.89 |
| Sale of Fixed Assets and Businesses | 0.64 | 0.45 | 0.30 | 0.80 |
| Purchase or Sale of Investments | 0.00 | 0.00 | -0.52 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | -0.52 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -0.00 | -0.00 | 0.00 | 0.00 |
| Other Sources | 1.26 | 1.26 | 0.00 | 0.00 |
| Cash from Investing Activities | -226.97 | -101.50 | -20.97 | -22.36 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 414.16 | 95.15 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | -157.50 | -157.50 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 571.66 | 252.65 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 571.66 | 252.65 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 112.56 | 69.32 | 5.03 | 6.47 |
| Change in Long Term Debt | 112.56 | 69.32 | 5.03 | 6.47 |
| Issuance of Long Term Debt | 264.84 | 191.18 | 63.94 | 17.53 |
| Reduction of Long Term Debt | -152.28 | -121.87 | -58.91 | -11.06 |
| Net Financing Active Other Cash Flow | -23.41 | -24.63 | -12.99 | -9.16 |
| Other Financing Activities Uses | -23.41 | -24.63 | -12.99 | -9.16 |
| Cash from Financing Activities | 503.31 | 139.83 | -7.96 | -2.69 |
| Net Change in Cash | 319.92 | 76.23 | 13.70 | 5.83 |
| Free Cash Flow | -11.60 | -5.91 | 21.87 | 18.62 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.28 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 339.09 | 43.98 | 97.15 | 18.39 | 19.18 | - |
| Short Term Receivables | 212.58 | 181.87 | 116.18 | 101.72 | 77.20 | - |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Other Current Assets | 3.41 | 2.23 | 2.33 | 4.25 | 2.53 | - |
| Total Current Assets | 555.08 | 228.08 | 215.65 | 124.36 | 98.91 | - |
| Net Property, Plant & Equipment | 170.88 | 145.98 | 93.83 | 77.21 | 79.73 | - |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 1.08 | - |
| Intangible Assets | 235.07 | 237.67 | 39.02 | 12.09 | 14.14 | - |
| Deferred Tax Assets | 52.89 | 45.10 | 46.08 | - | - | - |
| Other Assets | 0.55 | 0.43 | 0.00 | 0.00 | 0.00 | - |
| Total Assets | 1,014.47 | 657.25 | 394.59 | 213.66 | 193.87 | - |
| Short Term Debt Incl. Current Port. of LT Debt | 20.59 | 19.07 | 13.29 | 27.19 | 25.39 | - |
| Accounts Payable | 111.99 | 94.73 | 60.60 | 56.81 | 47.11 | - |
| Other Current Liabilities | 21.92 | 18.06 | 17.75 | 19.33 | 14.24 | - |
| Total Current Liabilities | 154.50 | 131.87 | 91.65 | 103.33 | 86.74 | - |
| Long Term Debt | 207.03 | 208.15 | 123.98 | 68.75 | 68.94 | - |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Deferred Tax Liabilities | - | - | 0.00 | - | - | - |
| Other Liabilities | 59.46 | 55.23 | 39.42 | 0.00 | 0.00 | - |
| Total Liabilities | 420.98 | 395.25 | 255.05 | 172.08 | 155.68 | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Common Equity | 245.06 | 70.41 | 58.46 | 41.57 | 19.10 | - |
| Total Shareholders Equity | 245.06 | 70.41 | 58.46 | 41.57 | 19.10 | - |
| Accumulated Minority Interest | 348.43 | 191.59 | 81.08 | 0.00 | 19.09 | - |
| Total Equity | 593.49 | 262.00 | 139.54 | 41.57 | 38.19 | - |
| Total Liabilities & Stockholders Equity | 1,014.47 | 657.25 | 394.59 | 213.66 | 193.87 | - |
| Book Value Per Share | 12.11 | 4.60 | 3.91 | 3.14 | 1.45 | - |
| Tangible Book Value Per Share | 0.49 | -10.94 | 1.30 | 2.23 | 0.38 | - |
| Full-Time Employees | - | - | 1,480 | - | - | - |
| Price to Book Ratio | 1.21 | 10.14 | 9.55 | - | - | - |
| Return on Assets | 3.00 | - | 8.48 | - | - | - |
| Return on Equity | 13.73 | - | 64.62 | - | - | - |
| Return on Invested Capital | 1.03 | 1.23 | 1.62 | 6.43 | 8.14 | - |
| Quick Ratio | 3.59 | 1.73 | 2.35 | 1.20 | 1.14 | - |
| Current Ratio | 3.59 | 1.73 | 2.35 | 1.20 | 1.14 | - |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 11.15 | 11.48 | 4.89 | 10.11 | 9.45 | 6.64 |
| Depreciation | 11.59 | 9.27 | 9.10 | 8.83 | 7.85 | 6.60 |
| Other Funds (Non Cash) | 2.34 | 0.32 | 5.94 | -0.02 | -0.05 | -0.16 |
| Funds from Operations | 24.01 | 22.10 | 20.21 | 18.92 | 17.25 | 13.08 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -11.33 | -12.78 | -8.65 | -8.90 | -13.02 | -0.99 |
| Cash from Operating Activities | 12.68 | 9.32 | 11.56 | 10.02 | 4.23 | 12.09 |
| Capital Expenditures | -24.67 | -9.32 | -12.09 | -9.11 | -12.25 | -10.37 |
| Net Assets From Acquisitions | -7.90 | -125.53 | -39.50 | -0.76 | -5.15 | -13.99 |
| Sale of Fixed Assets and Businesses | 0.28 | 0.06 | 0.19 | 0.12 | 0.00 | 0.14 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | -1E-06 | -0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 1.26 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -32.29 | -134.79 | -50.13 | -9.76 | -17.40 | -24.22 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 319.01 | 0.00 | 95.15 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | -157.50 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 319.01 | 0.00 | 252.65 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 319.01 | 0.00 | 252.65 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -4.06 | 76.62 | 37.50 | 2.50 | 11.86 | 17.46 |
| Change in Long Term Debt | -4.06 | 76.62 | 37.50 | 2.50 | 11.86 | 17.46 |
| Issuance of Long Term Debt | 33.00 | 79.16 | 145.79 | 6.89 | 16.77 | 21.74 |
| Reduction of Long Term Debt | -37.06 | -2.55 | -108.29 | -4.38 | -4.91 | -4.28 |
| Net Financing Active Other Cash Flow | -0.23 | -4.31 | -15.32 | -3.55 | -2.30 | -3.46 |
| Other Financing Activities Uses | -0.23 | -4.31 | -15.32 | -3.55 | -2.30 | -3.46 |
| Cash from Financing Activities | 314.72 | 72.31 | 117.33 | -1.05 | 9.56 | 13.99 |
| Net Change in Cash | 295.11 | -53.17 | 78.76 | -0.79 | -3.60 | 1.86 |
| Free Cash Flow | -11.99 | -0.00 | -0.52 | 0.91 | -8.02 | 1.72 |
Revenue breakdown
| Heavy Construction Other Than Bldg Const - Contractors | 2024: 315.19M 2025: 456.05M |
|---|---|
| United States | 2024: 315.19M 2025: 456.05M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 15.22% | 2.8M | 18.5M | 874.27K |
| 2026-10-15 | 14.61% | 2.7M | 18.5M | 795.36K |
| 2026-09-30 | 13.89% | 2.6M | 18.5M | 720.81K |
| 2026-09-15 | 13.91% | 2.6M | 18.5M | 761.81K |
| 2026-08-31 | 13.62% | 2.5M | 18.5M | 771.23K |
| 2026-08-14 | 13.97% | 2.6M | 18.5M | 743.77K |
| 2026-07-31 | 13.90% | 2.5M | 18.2M | 667.13K |
| 2026-07-15 | 11.54% | 2.1M | 18.2M | 626.01K |
| 2026-06-30 | 12.77% | 2.3M | 17.7M | 568.12K |
| 2026-06-15 | 14.51% | 2.0M | 13.6M | 495.81K |
| 2026-05-29 | 11.96% | 1.6M | 13.6M | 446.50K |
| 2026-05-15 | 9.29% | 1.3M | 13.7M | 448.03K |
| 2026-04-30 | 11.08% | 1.5M | 13.7M | 381.86K |
| 2026-04-15 | - | 1.2M | - | 339.23K |
| 2026-03-31 | - | 1.1M | - | 314.68K |
| 2026-03-13 | - | 0.1M | - | 263.58K |
| 2026-02-27 | - | 0.1M | - | 359.89K |
| 2026-02-13 | - | 0.1M | - | 337.74K |
| 2026-01-30 | - | 0.1M | - | 396.65K |
| 2026-01-15 | - | 0.1M | - | 497.64K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.00 | 11.40 | - | 4.00 | 0.00 | - | - | - |
| call | 5.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 7.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 10.00 | 0.00 | 0.00 | 5.76 | - | 5.00 | 0.00 | - | - | - |
| call | 12.50 | 0.00 | 0.00 | 2.85 | - | 1,009 | 0.00 | - | - | - |
| call | 15.00 | 0.00 | 0.00 | 1.35 | - | 78.00 | 0.00 | - | - | - |
| call | 17.50 | 0.00 | 0.00 | 0.80 | - | 338 | 0.00 | - | - | - |
| call | 20.00 | 0.00 | 0.00 | 0.40 | - | 131 | 0.00 | - | - | - |
| call | 22.50 | 0.00 | 0.00 | 0.15 | - | 331 | 0.00 | - | - | - |
| call | 25.00 | 0.00 | 0.00 | 0.05 | - | 67.00 | 0.00 | - | - | - |
| call | 30.00 | 0.00 | 0.00 | 0.10 | - | 4.00 | 0.00 | - | - | - |
| call | 35.00 | 0.00 | 0.00 | 0.50 | - | 4.00 | 0.00 | - | - | - |
| call | 40.00 | 0.00 | 0.00 | 1.00 | - | 4.00 | 0.00 | - | - | - |
| call | 45.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 50.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 2.50 | 0.00 | 0.00 | 0.03 | - | 6.00 | 0.00 | - | - | - |
| put | 5.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 7.50 | 0.00 | 0.00 | 0.11 | - | 1.00 | 0.00 | - | - | - |
| put | 10.00 | 0.00 | 0.00 | 0.10 | - | 50.00 | 0.00 | - | - | - |
| put | 12.50 | 0.00 | 0.00 | 0.66 | - | 143 | 0.00 | - | - | - |
| put | 15.00 | 0.00 | 0.00 | 1.97 | - | 152 | 0.00 | - | - | - |
| put | 17.50 | 0.00 | 0.00 | 3.30 | - | 53.00 | 0.00 | - | - | - |
| put | 20.00 | 0.00 | 0.00 | 6.24 | - | 3.00 | 0.00 | - | - | - |
| put | 22.50 | 0.00 | 0.00 | 5.70 | - | 52.00 | 0.00 | - | - | - |
| put | 25.00 | 0.00 | 0.00 | 10.00 | - | 13.00 | 0.00 | - | - | - |
| put | 30.00 | 0.00 | 0.00 | 15.28 | - | 21.00 | 0.00 | - | - | - |
| put | 35.00 | 0.00 | 0.00 | 20.10 | - | 0.00 | 0.00 | - | - | - |
| put | 40.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 45.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 50.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-30 | SCHEDULE 13G | SEC | ||
| 2026-10-28 | SCHEDULE 13G/A | SEC | ||
| 2026-10-19 | 8-K | Current report | 2026-10-13 | SEC |
| 2026-10-19 | SCHEDULE 13G | SEC | ||
| 2026-10-01 | 8-K | Current report | 2026-10-01 | SEC |
| 2026-09-11 | 8-K | Current report | 2026-09-10 | SEC |
| 2026-08-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-11 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-08-06 | SCHEDULE 13G/A | SEC | ||
| 2026-07-27 | SCHEDULE 13G | SEC | ||
| 2026-06-25 | 424B4 | SEC | ||
| 2026-06-24 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-06-24 | S-1MEF | A new registration statement filed under Rule 462(b) to add securities to a prior related effective registration statement filed on Form S-1 | SEC | |
| 2026-06-22 | S-1 | General form of registration statement for all companies including face-amount certificate companies | SEC | |
| 2026-06-10 | DRS | SEC | ||
| 2026-06-09 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-05 | SEC |
| 2026-06-09 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-07 | SEC |
| 2026-06-09 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-05 | SEC |
| 2026-06-09 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-05 | SEC |
| 2026-06-05 | 8-K | Current report | 2026-06-05 | SEC |
| 2026-05-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-27 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 8.54M | 7 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 1.03M | 1 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 251.44K | 1 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| FMR LLC | 15.82% |
| DRIEHAUS CAPITAL MANAGEMENT LLC | 7.90% |
| BlackRock, Inc. | 7.89% |
| ALLIANCEBERNSTEIN L.P. | 6.42% |
| LORD, ABBETT & CO. LLC | 5.62% |
| AMERIPRISE FINANCIAL INC | 5.04% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 4.92% |
| FRED ALGER MANAGEMENT, LLC | 4.75% |
| AMERICAN CENTURY COMPANIES INC | 4.65% |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.60% |
Funds
| Fund | % owned |
|---|---|
| Victory Sycamore Small Company Opportunity Fund | 3.39% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 3.20% |
| Fidelity Stock Selector Small Cap Fund | 3.16% |
| iShares Russell 2000 ETF | 2.87% |
| Small Cap Value Fund | 2.53% |
| Fidelity Small Cap Growth Fund | 2.44% |
| LORD ABBETT DEVELOPING GROWTH FUND INC | 2.21% |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 2.20% |
| Fidelity Series Small Cap Opportunities Fund | 2.13% |
| ALGER SMALL CAP FOCUS FUND | 1.82% |
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