Filing Flows › Cardinal Infrastructure Group (CDNL) › Q2 2026 › vs Q2 2025
Cardinal Infrastructure Group (CDNL) Q2 2026 vs Q2 2025 (year over year)
Cardinal Infrastructure Group's revenue rose $121M (+114%) from $106M in Q2 2025 to $227M in Q2 2026. Operating margin 6.8% against 11.1% (-4.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.8% | 11.1% | -4.2 pts |
| Net margin | 2.1% | 6.8% | -4.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $227M | $106M | $121M | +114% |
| Operating profit | $15.5M | $11.7M | $3.7M | +32% |
| Costs & expenses | $211M | $94.4M | $117M | +124% |
| Pre-tax earnings | $10.1M | $10.2M | −$27K | -0.3% |
| Other expense, net | $5.3M | $1.6M | $3.8M | +238% |
| Cost of revenue | $191M | $83.5M | $107M | +129% |
| General & admin | $9.0M | $3.0M | $6.1M | +204% |
| Other operating costs | $11.5M | $7.9M | $3.7M | +46% |
| Income tax benefit | $1.0M | −$714K | $1.7M | — |
| Net earnings | $4.7M | $7.2M | −$2.5M | -35% |
| Minority interests | $6.5M | $2.3M | $4.2M | +184% |
| Depreciation & amortization | $11.6M | $7.9M | $3.7M | +47% |
| Share-based compensation | $270K | $0 | $270K | — |
| Working capital & other | $3.9M | $10.8M | −$7.0M | -64% |
| Operating cash flow | $12.7M | $4.2M | $8.4M | +200% |
| Capital expenditures | $24.7M | $12.2M | $12.4M | +101% |
| Negative free cash flow (OCF − capex) | $12.0M | $8.0M | $4.0M | +49% |
Questions
How much did Cardinal Infrastructure Group's revenue grow year over year in Q2 2026?
Cardinal Infrastructure Group's revenue rose $121M (+114%) from $106M in Q2 2025 to $227M in Q2 2026. Operating margin 6.8% against 11.1% (-4.2 pts).