Cardinal Infrastructure Group Inc.
CDNL Industrials Engineering & Construction
Cardinal Infrastructure Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $456.0 million, up 44.7% from fiscal 2024. Insiders bought in the last twelve months.
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Cardinal Infrastructure Group Inc. (CDNL) Piotroski F-score
Cardinal Infrastructure Group Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: shares outstanding not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 8.48% | 16.49% | Pass | 1 |
| Positive operating cash flow | 37.90m | 42.63m | Pass | 1 |
| Rising return on assets | 8.48% | 16.49% | Fail | 0 |
| Cash flow above net income | 15.21m | 21.27m | Pass | 1 |
| Falling long-term leverage | 0.44 | 0.34 | Fail | 0 |
| Rising current ratio | 2.35 | 1.10 | Pass | 1 |
| No new shares issued | 14,787,100 | — | n/a | — |
| Rising gross margin | 21.08% | 20.72% | Pass | 1 |
| Rising asset turnover | 1.71 | 2.43 | Fail | 0 |
| Piotroski F-score | n/a — shares outstanding not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| WLDN Willdan Group, Inc. compare | 7 |
| ORN Orion Group Holdings, Inc. compare | 7 |
| MTRX Matrix Service Company compare | 6 |
| CDLR Cadeler A/S Sponsored ADR compare | 6 |
| BWMN Bowman Consulting Group Ltd. compare | 5 |
| BBCP CONCRETE PUMPING HOLDINGS, INC. compare | 5 |
| AMRC Ameresco, Inc. compare | 3 |
| PHOE Phoenix Asia Holdings Limited compare | 2 |
| CDNL Cardinal Infrastructure Group Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover