Cardinal Infrastructure Group Inc.

NasdaqGS:CDNL Stock Report

Market Cap: US$1.4b

Cardinal Infrastructure Group Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Jeremy Spivey

Chief executive officer

US$450.0k

Total compensation

CEO salary percentage100.00%
CEO tenure13.5yrs
CEO ownershipn/a
Management average tenureless than a year
Board average tenureless than a year

Recent management updates

Recent updates

Seeking Alpha • Jul 01

Cardinal Infrastructure Group: 309% Since IPO, And The Growth Story Isn't Over

Summary Cardinal Infrastructure Group is rated Buy with a $107/share price target, driven by a robust backlog and aggressive regional expansion. CDNL's vertically integrated model and recent acquisitions, including ALGC and Piedmont Pipe, are expected to enhance margins and operational efficiency. The new asphalt facility in North Carolina marks a strategic move into materials production, aiming to improve cost structure and support margin expansion. Strong construction market momentum and financial flexibility support continued growth, though risks include integration challenges, inflation, and potential interest rate hikes. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Jeremy Spivey's remuneration changed compared to Cardinal Infrastructure Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$1m

Dec 31 2025US$450kUS$450k

US$864k

Sep 30 2025n/an/a

US$24m

Jun 30 2025n/an/a

US$21m

Mar 31 2025n/an/a

US$20m

Dec 31 2024US$130kUS$130k

US$21m

Compensation vs Market: Jeremy's total compensation ($USD450.00K) is below average for companies of similar size in the US market ($USD5.20M).

Compensation vs Earnings: Jeremy's compensation has increased whilst the company is unprofitable.

CEO

Jeremy Spivey (48 yo)

13.5yrs
Tenure
US$450,000
Compensation

Mr. Jeremy Spivey is Chairman of Cardinal Infrastructure Group Inc and is Director since October 2025 and has been its CEO since 2013. He founded Cardinal NC in 2013 and has been a partner and the Chief Ex...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Spivey
CEO & Chairman13.5yrsUS$450.00kno data
Mike Rowe
Chief Financial Officerno dataUS$360.00kno data
Erik West
President of Carolinas10.5yrsUS$400.00kno data
Benjamin Wood
Chief Operating Officerless than a yearno data0.10%
$ 1.4m
Emily Lear
Director of Investor Relationsless than a yearno datano data
Tiffany Gidley
General Counsel & Secretaryno datano data0.030%
$ 423.6k
Liz Hester
Director of Marketing & Public Relationsless than a yearno datano data
0.4yrs
Average Tenure
48yo
Average Age

Experienced Management: CDNL's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jeremy Spivey
CEO & Chairmanless than a yearUS$450.00kno data
Austin Shanfelter
Independent Directorless than a yearUS$136.23k0.0084%
$ 117.7k
Richard Lee
Independent Directorless than a yearUS$136.23k0.12%
$ 1.7m
Ivy Zelman
Lead Independent Directorless than a yearUS$128.73k0.055%
$ 767.1k
Anthony Wood
Directorless than a yearno datano data
Richard Wimmer
Independent Directorless than a yearUS$141.23k0.059%
$ 823.8k
0.6yrs
Average Tenure
61yo
Average Age

Experienced Board: CDNL's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 22:25
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cardinal Infrastructure Group Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brent ThielmanOppenheimer & Co. Inc.
Brian BrophyStifel, Equities Research
Michael Louie DiPalmaWilliam Blair & Company L.L.C.