Filing Flows › Cardinal Infrastructure Group (CDNL) › Q1 2026 › vs Q1 2025
Cardinal Infrastructure Group (CDNL) Q1 2026 vs Q1 2025 (year over year)
Cardinal Infrastructure Group's revenue rose $85.7M (+105%) from $81.8M in Q1 2025 to $168M in Q1 2026. Operating margin 8.8% against 9.7% (-0.8 pts).
Cardinal Infrastructure Group, Q1 2026: revenue $168M (+105% year over year), operating margin 8.8%, net earnings $3.4M, operating cash flow $9.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.8% | 9.7% | -0.8 pts |
| Net margin | 2.0% | 6.7% | -4.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $168M | $81.8M | $85.7M | +105% |
| Operating profit | $14.8M | $7.9M | $6.9M | +87% |
| Costs & expenses | $153M | $73.9M | $78.8M | +107% |
| Pre-tax earnings | $12.5M | $6.6M | $5.9M | +89% |
| Other expense, net | $2.2M | $1.3M | $978K | +77% |
| Cost of revenue | $133M | $65.3M | $68.0M | +104% |
| General & admin | $10.1M | $2.1M | $8.0M | +377% |
| Other operating costs | $9.3M | $6.5M | $2.8M | +43% |
| Net earnings | $3.4M | $5.5M | −$2.1M | -38% |
| Minority interests | $8.1M | $1.2M | $6.9M | +592% |
| Income tax | $1.1M | $0 | $1.1M | — |
| Operating cash sources | $12.9M | $12.1M | $804K | +7% |
| Depreciation & amortization | $9.3M | $6.6M | $2.7M | +40% |
| Share-based compensation | $192K | $0 | $192K | — |
| Working capital & other | $3.6M | −$17K | $3.6M | — |
| Operating cash flow | $9.3M | $12.1M | −$2.8M | -23% |
| Capital expenditures | $9.3M | $10.4M | −$1.1M | -10% |
| Negative free cash flow (OCF − capex) | $1K | −$1.7M | $1.7M | — |
Questions
How much did Cardinal Infrastructure Group's revenue grow year over year in Q1 2026?
Cardinal Infrastructure Group's revenue rose $85.7M (+105%) from $81.8M in Q1 2025 to $168M in Q1 2026. Operating margin 8.8% against 9.7% (-0.8 pts).