Conrad Industries, Inc. (CNRD)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Conrad Industries, Inc. (CNRD) trades at $25.05 with AI Score 51/100 (Grade B). Conrad Industries, Inc. specializes in the construction, conversion, and repair of steel and aluminum marine vessels. Market cap: $125.70M, Sector: Industrials.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for CNRD: CNRD does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CNRD against Industrials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
CNRD: 4/6 perspectives are bullish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Conrad Industries, Inc. (CNRD) Industrial Operations Profile
Conrad Industries, Inc., established in 1948, focuses on constructing, converting, and repairing steel and aluminum marine vessels for diverse applications. With a market capitalization of $125.70M and a P/E ratio of 8.33, the company operates within the aerospace and defense sector, serving both inland and offshore maritime needs.
What Is the Investment Thesis for CNRD?
Conrad Industries, Inc. presents a focused investment opportunity within the marine vessel construction and repair sector. With a market capitalization of $125.70M and a P/E ratio of 8.33, the company demonstrates potential value. A gross margin of 12.3% and a profit margin of 4.5% indicate areas for operational improvement. Growth catalysts include increasing demand for specialized barges and offshore support vessels. The company's ability to secure new contracts and efficiently manage projects will be critical for sustained growth. Potential risks include fluctuations in raw material costs and competition within the marine construction industry. Monitoring the company's order backlog and project execution will be crucial for assessing its long-term prospects.
Based on FMP financials and quantitative analysis
CNRD Key Highlights
- Market capitalization of $125.70M indicates the company's current valuation in the market.
- P/E ratio of 8.33 suggests the stock may be undervalued compared to its earnings.
- Gross margin of 12.3% reflects the company's efficiency in managing production costs.
- Profit margin of 4.5% indicates the percentage of revenue that translates into profit after all expenses.
- Beta of 0.61 suggests the stock is less volatile than the overall market.
Who Are CNRD's Competitors?
CNRD is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADFJF ADF Group Inc. | $12.39 | +0.32% | $353.78M | 47 |
| BYYLF Balyo S.A. | $0.40 | +0.00% | $66.83M | 54 |
| DIALF Dialight plc | $4.90 | +0.00% | $195.87M | 55 |
| FLNCF Freelancer Limited | $0.18 | +0.00% | $81.16M | 53 |
| FLY Firefly Aerospace Inc. | $27.88 | -3.53% | $4.58B | 68 |
| DUKR DUKE Robotics Corp. | $5.23 | +8.73% | $11.53M | 67 |
| PL Planet Labs PBC | $31.04 | -1.10% | $10.33B | 66 |
| MDALF MDA Ltd. | $33.66 | +5.58% | $4.26B | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CNRD's Key Strengths?
- Diversified product offerings.
- Experienced workforce.
- Established relationships with key customers.
- Strong presence in the U.S. marine vessel market.
What Are CNRD's Weaknesses?
- Reliance on cyclical industries.
- Exposure to fluctuations in raw material costs.
- Limited geographic diversification.
- Lower gross margin compared to some competitors.
What Could Drive CNRD Stock Higher?
- Infrastructure spending bills may increase demand for inland waterway vessels.
- Increasing demand for offshore wind energy support vessels.
- Potential new contracts for specialized barge construction.
- Expansion of the aquaculture industry driving demand for specialized vessels.
What Are the Key Risks for CNRD?
- Fluctuations in raw material costs, such as steel and aluminum.
- Economic downturns affecting demand for marine vessels.
- Increased competition from other marine vessel construction companies.
- Changes in government regulations impacting the marine industry.
- Dependence on cyclical industries, such as oil and gas.
What Are the Growth Opportunities for CNRD?
- Expansion into Offshore Wind Support Vessels: The growing offshore wind energy sector presents a significant opportunity for Conrad Industries. As wind farms are developed further offshore, there's an increasing need for specialized vessels for construction, maintenance, and crew transfer. Conrad Industries can leverage its expertise in building offshore support vessels to capture a portion of this market. The global offshore wind market is projected to reach $56.8 billion by 2026, offering a substantial revenue stream.
- Increased Demand for LNG Barges: With the rising global demand for liquefied natural gas (LNG), the need for LNG transport barges is also increasing. Conrad Industries can capitalize on this trend by expanding its production of specialized LNG barges. The global LNG market is expected to grow at a CAGR of 6.4% from 2021 to 2028, driven by increasing energy demand and environmental concerns favoring cleaner fuels.
- Modernization of Inland Waterway Infrastructure: The aging infrastructure of inland waterways in the United States requires modernization and upgrades, creating opportunities for Conrad Industries to build and repair vessels used for transportation and construction. Government initiatives and funding for infrastructure projects can drive demand for the company's services. The U.S. inland waterways system handles over 600 million tons of cargo annually, highlighting the importance of maintaining and upgrading its infrastructure.
- Growth in the Aquaculture Industry: The expanding aquaculture industry requires specialized vessels for fish farming, harvesting, and transportation. Conrad Industries can design and construct vessels tailored to the specific needs of aquaculture operations. The global aquaculture market is projected to reach $285.4 billion by 2027, driven by increasing demand for seafood and sustainable food production practices.
- Development of Autonomous Vessels: The emergence of autonomous vessel technology presents a long-term growth opportunity for Conrad Industries. As autonomous technology matures, there will be a demand for new vessels designed to operate autonomously or for retrofitting existing vessels with autonomous systems. Conrad Industries can invest in research and development to position itself as a leader in the construction of autonomous marine vessels. The autonomous shipping market is expected to reach $10.1 billion by 2030, driven by the potential for increased efficiency and reduced operating costs.
What Opportunities Does CNRD Have?
- Expansion into new markets, such as offshore wind energy.
- Increased demand for LNG barges.
- Modernization of inland waterway infrastructure.
- Growth in the aquaculture industry.
What Threats Does CNRD Face?
- Intense competition in the marine vessel construction industry.
- Economic downturns affecting demand for vessels.
- Changes in government regulations.
- Rising labor costs.
What Are CNRD's Competitive Advantages?
- Established reputation and experience in the marine vessel construction industry.
- Diversified product offerings catering to various sectors.
- Specialized expertise in building custom vessels.
- Long-standing relationships with key customers and suppliers.
What Does CNRD Do?
Founded in 1948, Conrad Industries, Inc. has evolved into a key player in the U.S. marine vessel construction, conversion, and repair industry. Headquartered in Morgan City, Louisiana, the company's operations encompass a wide range of steel and aluminum vessels tailored to meet the demands of various sectors. Conrad Industries constructs harbor tugs, specialty barges (including crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges), inland tank barges (LPG inland tank, LPG pressure, LPG tank, and DS tank barges), and diverse offshore support vessels such as liftboats, crew boats, offshore supply vessels, and offshore tugs. In addition to these core offerings, Conrad Industries also builds inland pushboats, comprising inland towboats and river push boats, as well as passenger and vehicle ferries. The company's repair and conversion services include electrical, mechanical, propulsion, and hull repairs, catering to large-scale vessel modifications. Furthermore, Conrad Industries engages in the fabrication of modular components for offshore floating production, storage, and offloading vessels, alongside components for drilling rigs. This diversified portfolio allows Conrad Industries to serve a broad spectrum of maritime needs, solidifying its position in the industry.
What Products and Services Does CNRD Offer?
- Constructs harbor tugs for port operations.
- Builds specialty barges, including crane, deck, and tank barges.
- Manufactures inland pushboats and towboats for river transportation.
- Produces offshore support vessels like liftboats and crew boats.
- Offers vessel repair and conversion services.
- Fabricates modular components for offshore floating production and drilling rigs.
- Constructs passenger and vehicle ferries.
How Does CNRD Make Money?
- Contract-based construction of new marine vessels.
- Repair and conversion services for existing vessels.
- Fabrication of modular components for offshore projects.
- Revenue generated from both government and private sector contracts.
What Industry Does CNRD Operate In?
Conrad Industries operates within the aerospace and defense industry, specifically focusing on marine vessel construction and repair. The industry is influenced by factors such as global trade, energy exploration, and infrastructure development. The competitive landscape includes companies specializing in shipbuilding, vessel maintenance, and offshore support services. Conrad Industries differentiates itself through its diversified product offerings and focus on both inland and offshore vessels. The industry is expected to see steady growth driven by increasing demand for maritime transportation and offshore energy activities.
Who Are CNRD's Key Customers?
- Companies in the offshore oil and gas industry.
- Inland waterway transportation companies.
- Government agencies requiring marine vessels.
- Companies in the aquaculture industry.
- Ferry operators.
ROE 20%Key Financial Metrics
Return on equity for Conrad Industries, Inc. stands at 19.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 12.7%, showing how much profit it generates from its asset base. CNRD trades at a trailing price-to-earnings ratio of 6.59, below the Industrials sector average of ~30x. Its free cash flow yield is -3.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.43 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 15.2%, the inverse of the P/E and a quick read on earnings relative to price.
Conrad Industries, Inc. (CNRD) Valuation Context
Valued at $125.70M, CNRD is classified as a micro-cap stock. Relative to its peer group, CNRD's quantitative score of 51/100 is roughly in line with the peer average of 55/100.
Company Profile
Conrad Industries, Inc. operates in the Aerospace & Defense industry within the Industrials sector. It is headquartered in Morgan City, US. The company is led by CEO Cecil A. Hernandez. CNRD has traded publicly since 2000.
F-Score 6/9Financial Health
Conrad Industries, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 5.79 places it in the safe zone, indicating low near-term bankruptcy risk.
CNRD Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Conrad Industries' future, indicating that executives believe in the company's potential.
- Community sentiment has shifted positively, with discussions around upcoming projects and contracts creating a buzz among investors.
- The marine and industrial sector is experiencing increased demand, positioning Conrad to benefit from broader market trends.
- Analysts are noting improvements in operational efficiency, which could translate into better margins and profitability moving forward.
Bear Case
- Concerns about supply chain disruptions persist, which could impact Conrad's ability to meet project deadlines and customer expectations.
- Recent bearish sentiment in online forums indicates a lack of trust in the company's ability to navigate current market challenges effectively.
- Increased competition in the marine industry could pressure margins and market share, making growth more challenging for Conrad.
- Some investors are wary of the company's historical volatility, leading to skepticism about its long-term stability and performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
CNRD Latest News
No recent news available for CNRD.
CNRD Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CNRD.
Price Targets
Wall Street price target analysis for CNRD.
CNRD MoonshotScore
What does this score mean?
The MoonshotScore rates CNRD's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Cecil A. Hernandez
CEO
Cecil A. Hernandez serves as the CEO of Conrad Industries, Inc., overseeing the company's operations and strategic direction. His background includes extensive experience in the marine vessel construction and repair industry. Hernandez has held various leadership positions within Conrad Industries, contributing to the company's growth and market presence. His expertise encompasses project management, business development, and financial oversight. He is responsible for managing a workforce of 492 employees.
Track Record: Under Cecil A. Hernandez's leadership, Conrad Industries has focused on expanding its service offerings and strengthening its position in the offshore support vessel market. Key achievements include securing significant contracts for the construction of specialized barges and offshore vessels. Hernandez has also emphasized operational efficiency and cost management to improve the company's profitability. His strategic decisions have contributed to maintaining Conrad Industries' competitiveness in a challenging industry environment.
CNRD OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Conrad Industries, Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, and trading activity can be sporadic. Unlike NYSE or NASDAQ-listed companies, firms on the OTC Other tier face less stringent listing criteria, potentially increasing investment risks due to lower transparency and regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Potential for lower trading volume and liquidity.
- Higher price volatility compared to exchange-listed stocks.
- Increased risk of fraud or manipulation.
- Less regulatory oversight compared to major exchanges.
- Verify the company's financial statements and audit reports.
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Review any available news articles or press releases about the company.
- Check for any regulatory filings or legal proceedings involving the company.
- Evaluate the company's ownership structure and shareholder base.
- Consult with a qualified financial advisor before investing.
- The company has been in operation since 1948.
- The company has a physical headquarters in Morgan City, Louisiana.
- The company has a CEO, Cecil A. Hernandez, managing 492 employees.
- The company constructs vessels for diverse sectors.
What Investors Ask About Conrad Industries, Inc. (CNRD) — Industrials
What does Conrad Industries, Inc. do?
Conrad Industries, Inc. specializes in the construction, conversion, and repair of steel and aluminum marine vessels. The company builds a diverse range of vessels, including harbor tugs, specialty barges, inland pushboats, offshore support vessels, and ferries. These vessels serve various sectors, including offshore energy, inland transportation, and aquaculture. The company's services also include vessel repair, conversion, and the fabrication of modular components for offshore projects, positioning it as a comprehensive provider in the marine industry.
What are the main risks for CNRD?
Conrad Industries faces several risks inherent to the marine vessel construction industry. Fluctuations in raw material costs, such as steel and aluminum, can impact profitability. Economic downturns can reduce demand for new vessels and repair services. Increased competition from other marine vessel construction companies can put pressure on pricing and margins. Changes in government regulations related to maritime safety and environmental protection can also pose challenges. Additionally, the company's dependence on cyclical industries, such as oil and gas, exposes it to market volatility.
What are the key factors to evaluate for CNRD?
Conrad Industries, Inc. (CNRD) holds an AI score of 51/100 (moderate). Not financial advice.
How frequently does CNRD data refresh on this page?
CNRD prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CNRD's recent stock price performance?
Conrad Industries, Inc. (CNRD) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified product offerings. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CNRD overvalued or undervalued right now?
Valuing Conrad Industries, Inc. (CNRD) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying CNRD?
Before investing in Conrad Industries, Inc. (CNRD), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding CNRD to a portfolio?
Key strength of Conrad Industries, Inc. (CNRD): Diversified product offerings. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- AI analysis is pending and will provide further insights.