Cardinal Infrastructure Group Inc. (CDNL) vs Primoris Services Corporation (PRIM)

Cardinal Infrastructure Group Inc. and Primoris Services Corporation are both Engineering & Construction companies. Primoris Services Corporation is the larger, with a market value of $3.9B against $1.3B — 3.0× the size. Cardinal Infrastructure Group Inc. has the higher net margin (3.56% vs 1.92%) and the higher return on invested capital (7.02% vs 6.07%). Across the 15 metrics below, Cardinal Infrastructure Group Inc. leads on 10 and Primoris Services Corporation on 5.

Valuation

Metric CDNL PRIM Engineering & Construction median
P/E — 28.16 28.59
P/S 0.75 0.54 1.15
P/B 0.74 2.44 3.96
Price to free cash flow n/m 33.13 25.24
EV/EBITDA 3.36 14.31 14.87
EV/Sales 0.49 0.62 1.42
Earnings yield — 3.55% 2.47%
Free cash flow yield (5.76%) 3.02% 1.91%

Profitability

Metric CDNL PRIM Engineering & Construction median
Gross margin 18.78% 8.62% 18.76%
Operating margin 8.57% 2.91% 6.26%
Net margin 3.56% 1.92% 2.23%
Free cash flow margin (4.32%) 1.63% 1.83%
Return on equity 6.90% 8.89% 7.90%
Return on assets 4.09% 3.04% 0.87%
Return on invested capital 7.02% 6.07% 2.52%

Growth

Metric CDNL PRIM Engineering & Construction median
Revenue growth (TTM) — 5.12% 16.67%
EPS growth (last fiscal year) — 51.66% —
Revenue growth, 5-year CAGR — 16.75% 11.76%
Net income growth, 5-year CAGR — 21.23% 0.00%

Health

Metric CDNL PRIM Engineering & Construction median
Debt to equity 0.32 0.50 0.40
Current ratio 3.59 1.18 1.39
Net debt to EBITDA 0.29 (0.13) 0.38

Dividend

Metric CDNL PRIM Engineering & Construction median
Dividend yield — 0.66% 0.65%
Payout ratio — 0.10 0.00

Size

Metric CDNL PRIM Engineering & Construction median
Market cap 1.31b 3.89b 1.31b

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