Filing Flows › Cardinal Infrastructure Group (CDNL) › Q2 2026 › vs Q1 2026
Cardinal Infrastructure Group (CDNL) Q2 2026 vs Q1 2026 (quarter over quarter)
Cardinal Infrastructure Group's revenue rose $59.4M (+35%) from $168M in Q1 2026 to $227M in Q2 2026. Operating margin 6.8% against 8.8% (-2.0 pts).
Cardinal Infrastructure Group, Q2 2026: revenue $227M (+114% year over year), operating margin 6.8%, net earnings $4.7M, operating cash flow $12.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.8% | 8.8% | -2.0 pts |
| Net margin | 2.1% | 2.0% | +0.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $227M | $168M | $59.4M | +35% |
| Operating profit | $15.5M | $14.8M | $698K | +5% |
| Costs & expenses | $211M | $153M | $58.7M | +38% |
| Pre-tax earnings | $10.1M | $12.5M | −$2.4M | -19% |
| Other expense, net | $5.3M | $2.2M | $3.1M | +138% |
| Cost of revenue | $191M | $133M | $57.6M | +43% |
| General & admin | $9.0M | $10.1M | −$1.1M | -11% |
| Other operating costs | $11.5M | $9.3M | $2.3M | +25% |
| Income tax benefit | $1.0M | −$1.1M | $2.1M | — |
| Net earnings | $4.7M | $3.4M | $1.3M | +37% |
| Minority interests | $6.5M | $8.1M | −$1.6M | -20% |
| Depreciation & amortization | $11.6M | $9.3M | $2.3M | +25% |
| Share-based compensation | $270K | $192K | $78K | +41% |
| Working capital & other | $3.9M | $3.6M | $297K | +8% |
| Operating cash flow | $12.7M | $9.3M | $3.4M | +36% |
| Capital expenditures | $24.7M | $9.3M | $15.3M | +165% |
| Negative free cash flow (OCF − capex) | $12.0M | $1K | $12.0M | 12,475× |
Questions
How much did Cardinal Infrastructure Group's revenue grow quarter over quarter in Q2 2026?
Cardinal Infrastructure Group's revenue rose $59.4M (+35%) from $168M in Q1 2026 to $227M in Q2 2026. Operating margin 6.8% against 8.8% (-2.0 pts).