Cardinal Infrastructure Group Inc. (CDNL) vs Exponent, Inc. (EXPO)

Cardinal Infrastructure Group Inc. and Exponent, Inc. are both Engineering & Construction companies. Exponent, Inc. is the larger, with a market value of $3.1B against $1.3B — 2.3× the size. Exponent, Inc. has the higher net margin (17.7% vs 3.56%) and the higher return on invested capital (35.9% vs 7.02%). Across the 15 metrics below, Exponent, Inc. leads on 10 and Cardinal Infrastructure Group Inc. on 5.

Valuation

Metric CDNL EXPO Engineering & Construction median
P/E — 28.78 28.59
P/S 0.75 4.95 1.15
P/B 0.74 10.84 3.96
Price to free cash flow n/m 28.82 25.24
EV/EBITDA 3.36 22.22 14.87
EV/Sales 0.49 4.84 1.42
Earnings yield — 3.47% 2.47%
Free cash flow yield (5.76%) 3.47% 1.91%

Profitability

Metric CDNL EXPO Engineering & Construction median
Gross margin 18.78% 89.67% 18.76%
Operating margin 8.57% 20.17% 6.26%
Net margin 3.56% 17.67% 2.23%
Free cash flow margin (4.32%) 17.16% 1.83%
Return on equity 6.90% 31.20% 7.90%
Return on assets 4.09% 15.83% 0.87%
Return on invested capital 7.02% 35.92% 2.52%

Growth

Metric CDNL EXPO Engineering & Construction median
Revenue growth (TTM) — 12.84% 16.67%
EPS growth (last fiscal year) — (1.90%) —
Revenue growth, 5-year CAGR — 7.79% 11.76%
Net income growth, 5-year CAGR — 5.13% 0.00%

Health

Metric CDNL EXPO Engineering & Construction median
Debt to equity 0.32 0.00 0.40
Current ratio 3.59 1.98 1.39
Net debt to EBITDA 0.29 (1.71) 0.38

Dividend

Metric CDNL EXPO Engineering & Construction median
Dividend yield — 1.42% 0.65%
Payout ratio — 0.51 0.00

Size

Metric CDNL EXPO Engineering & Construction median
Market cap 1.31b 3.06b 1.31b

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