Ameresco, Inc. (AMRC) vs Cardinal Infrastructure Group Inc. (CDNL)

Ameresco, Inc. and Cardinal Infrastructure Group Inc. are both Engineering & Construction companies. Cardinal Infrastructure Group Inc. is the larger, with a market value of $1.3B against $1.2B — 1.1× the size. Cardinal Infrastructure Group Inc. has the higher net margin (3.56% vs 1.40%) and the higher return on invested capital (7.02% vs 2.76%). Across the 15 metrics below, Cardinal Infrastructure Group Inc. leads on 14 and Ameresco, Inc. on 1.

Valuation

Metric AMRC CDNL Engineering & Construction median
P/E 40.53 — 28.59
P/S 0.56 0.75 1.15
P/B 0.84 0.74 3.96
Price to free cash flow n/m n/m 25.24
EV/EBITDA 11.14 3.36 14.87
EV/Sales 1.42 0.49 1.42
Earnings yield 2.47% — 2.47%
Free cash flow yield (9.20%) (5.76%) 1.91%

Profitability

Metric AMRC CDNL Engineering & Construction median
Gross margin 16.13% 18.78% 18.76%
Operating margin 6.72% 8.57% 6.26%
Net margin 1.40% 3.56% 2.23%
Free cash flow margin (5.13%) (4.32%) 1.83%
Return on equity 2.34% 6.90% 7.90%
Return on assets 0.62% 4.09% 0.87%
Return on invested capital 2.76% 7.02% 2.52%

Growth

Metric AMRC CDNL Engineering & Construction median
Revenue growth (TTM) 8.89% — 16.67%
EPS growth (last fiscal year) (22.43%) — —
Revenue growth, 5-year CAGR 13.36% — 11.76%
Net income growth, 5-year CAGR (3.91%) — 0.00%

Health

Metric AMRC CDNL Engineering & Construction median
Debt to equity 1.45 0.32 0.40
Current ratio 1.67 3.59 1.39
Net debt to EBITDA 7.35 0.29 0.38

Dividend

Metric AMRC CDNL Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 — 0.00

Size

Metric AMRC CDNL Engineering & Construction median
Market cap 1.15b 1.31b 1.31b

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