Cardinal Infrastructure Group Inc.
CDNLdata completeness 63%3 fiscal years on fileData notes: no data for concept 'cash'; no data for concept 'totalDebt'; no data for concept 'dilutedShares'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'
Cardinal Infrastructure Group Inc. earns about 156% on invested capital. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $247.9M1 | $315.2M1 | $456M1 |
| Net income | $20.6M2 | $21.4M2 | $22.7M2 |
| Operating cash flow | $30.9M3 | $42.6M3 | $37.9M3 |
| Capital expenditure | $12.3M4 | $20.8M4 | $43.8M4 |
| Free cash flow (derived) | $18.6M3 | $21.9M3 | −$5.91M3 |
| Total debt | — | — | — |
| Cash & equivalents | — | — | — |
| Diluted shares | — | — | — |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
It earned an average 156% on invested capital over 3 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Not enough history to read capital allocation.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
- 10-K · period ending 2023-12-31 · accession 0001193125-26-120014 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001193125-26-120014 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001193125-26-120014 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001193125-26-120014 (PaymentsToAcquirePropertyPlantAndEquipment)