Cadre Holdings, Inc.(CDRE)Earnings, Financials & Key Ratios

CDRE•NYSE

$29.89

$1.26B mkt cap·29.3× P/E·Price updated May 7, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustryDefense Electronics and Sensors

AboutCadre Holdings, Inc. manufactures and distributes safety and survivability equipment that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products. The company also offers third-party products, such as uniforms, optics, boots, firearms, and ammunition. It serves first responders, such as state and local law enforcement, fire and rescue, explosive ordnance disposal technicians, emergency medical technicians, fishing, and wildlife enforcement and departments of corrections, as well as federal agencies including the U.S. Department of State, U.S. Department of Defense, U.S. Department of Interior, U.S. Department of Justice, U.S. Department of Homeland Security, U.S. Department of Corrections, and various foreign government agencies. The company was founded in 1964 and is headquartered in Jacksonville, Florida.Show more

Revenue$610M+7.5%
EBITDA$94M+13.0%
Net Income$44M+22.2%
EPS (Diluted)1.02+13.3%
Gross Margin42.54%+3.4%
EBITDA Margin15.4%+5.1%
Operating Margin12.3%+4.5%
Net Margin7.23%+13.6%
ROE14.03%-1.3%
ROIC11.94%-18.7%
Debt/Equity1.01+32.3%
Interest Coverage6.34-25.7%

Technical→

CDRE Key Insights

Cadre Holdings, Inc. (CDRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.5%

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CDRE Price & Volume

Cadre Holdings, Inc. (CDRE) stock price & volume — 10-year historical chart

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CDRE Growth Metrics

Cadre Holdings, Inc. (CDRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years8.57%

3 Years10.06%

TTM7.53%

Profit CAGR

10 Years-

5 Years2.8%

3 Years96.47%

TTM22.16%

EPS CAGR

10 Years-

5 Years-2.37%

3 Years85.42%

TTM18.89%

Return on Capital

10 Years15.13%

5 Years14.65%

3 Years14.87%

Last Year12.26%

CDRE Recent Earnings

Cadre Holdings, Inc. (CDRE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

Mar 10, 2026

EPS

$0.27

Est $0.40

-32.5%

Revenue

$167M

Est $183M

-8.6%

Q4 2025

Nov 4, 2025

EPS

$0.27

Est $0.26

+3.8%

Revenue

$156M

Est $182M

-14.3%

Q3 2025

Aug 5, 2025

EPS

$0.30

Est $0.25

+20.0%

Revenue

$157M

Est $159M

-1.3%

Q2 2025

May 6, 2025

EPS

$0.23

Est $0.13

+76.9%

Revenue

$130M

Est $158M

-17.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 10, 2026	$0.27vs $0.40-32.5%	$167Mvs $183M-8.6%
Q4 2025	Nov 4, 2025	$0.27vs $0.26+3.8%	$156Mvs $182M-14.3%
Q3 2025	Aug 5, 2025	$0.30vs $0.25+20.0%	$157Mvs $159M-1.3%
Q2 2025	May 6, 2025	$0.23vs $0.13+76.9%	$130Mvs $158M-17.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
AXONAxon Enterprise, Inc.Direct Competitor	34.4B	426.89	282.71	33.47%	6.91%	6.58%	0.59
SWBISmith & Wesson Brands, Inc.Direct Competitor	655.4M	14.73	49.10	-11.42%	2.47%	3.28%	0.31
AOUTAmerican Outdoor Brands, Inc.Direct Competitor	146.31M	9.61	-1600.83	10.55%	-4.78%	-5.76%	0.19
CODICompass DiversifiedDirect Competitor	905.09M	12.03	-3.94	4.79%	-12.3%	-49.61%	3.27
MSAMSA Safety IncorporatedProduct Competitor	6.67B	171.90	24.25	3.69%	15.16%	22.03%	0.46
AMSFAMERISAFE, Inc.Product Competitor	569.48M	30.30	12.27	2.63%	14.27%	9.68%	0.00
GNSSGenasys Inc.Product Competitor	90.42M	2.00	-5	69.76%	-29.19%	-8.22%	9.85
TACTTransAct Technologies IncorporatedProduct Competitor	35.29M	3.49	-29.08	18.66%	-2.41%	-3.96%	0.02

Compare CDRE vs Peers

Cadre Holdings, Inc. (CDRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AXON

Most directly comparable listed peer for CDRE.

Scale Benchmark

vs HON

Larger-name benchmark to compare CDRE against a more recognizable public peer.

Peer Set

Compare Top 5

vs AXON, SWBI, AOUT, CODI

CDRE Income Statement

Cadre Holdings, Inc. (CDRE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	420.74M	404.64M	427.29M	457.84M	482.53M	567.56M	610.31M
Revenue Growth %	-	-3.83%	5.6%	7.15%	5.39%	17.62%	7.53%
Cost of Goods Sold	274.7M	251.7M	256.6M	282.16M	281.81M	334.08M	350.68M
COGS % of Revenue	65.29%	62.2%	60.05%	61.63%	58.4%	58.86%	57.46%
Gross Profit	146.04M▲ 0%	152.94M▲ 4.7%	170.69M▲ 11.6%	175.68M▲ 2.9%	200.73M▲ 14.3%	233.48M▲ 16.3%	259.63M▲ 11.2%
Gross Margin %	34.71%	37.8%	39.95%	38.37%	41.6%	41.14%	42.54%
Gross Profit Growth %	-	4.73%	11.61%	2.92%	14.26%	16.32%	11.2%
Operating Expenses	118.65M	103.13M	118.97M	158.96M	144.21M	166.72M	192.28M
OpEx % of Revenue	28.2%	25.49%	27.84%	34.72%	29.89%	29.37%	31.5%
Selling, General & Admin	124.27M	106.63M	114.96M	153.13M	140.52M	158.32M	183.13M
SG&A % of Revenue	29.54%	26.35%	26.91%	33.45%	29.12%	27.9%	30.01%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	-5.62M	-3.49M	4.01M	5.83M	3.69M	8.4M	9.15M
Operating Income	27.38M▲ 0%	49.8M▲ 81.9%	51.72M▲ 3.8%	16.72M▼ 67.7%	56.52M▲ 238.1%	66.76M▲ 18.1%	75.05M▲ 12.4%
Operating Margin %	6.51%	12.31%	12.1%	3.65%	11.71%	11.76%	12.3%
Operating Income Growth %	-	81.88%	3.85%	-67.68%	238.11%	18.12%	12.41%
EBITDA	42.83M	64.54M	65.44M	32.37M	72.26M	83.18M	94M
EBITDA Margin %	10.18%	15.95%	15.31%	7.07%	14.97%	14.66%	15.4%
EBITDA Growth %	-	50.7%	1.39%	-50.54%	123.24%	15.12%	13.01%
D&A (Non-Cash Add-back)	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M	18.95M
EBIT	27.78M	52.26M	35.62M	15.58M	57.45M	62.04M	75.05M
Net Interest Income	-29.85M	-24.39M	-16.43M	-6.21M	-4.53M	-7.82M	-11.83M
Interest Income	0	0	0	0	0	0	0
Interest Expense	29.85M	24.39M	16.43M	6.21M	4.53M	7.82M	11.83M
Other Income/Expense	-29.45M	-21.93M	-32.53M	-7.34M	-3.6M	-12.54M	-12.72M
Pretax Income	-2.07M▲ 0%	27.88M▲ 1446.6%	19.19M▼ 31.1%	9.37M▼ 51.2%	52.92M▲ 464.6%	54.22M▲ 2.4%	62.33M▲ 15.0%
Pretax Margin %	-0.49%	6.89%	4.49%	2.05%	10.97%	9.55%	10.21%
Income Tax	-142K	-10.58M	6.53M	3.55M	14.28M	18.09M	18.19M
Effective Tax Rate %	6.86%	-37.95%	34.03%	37.91%	26.99%	33.36%	29.18%
Net Income	-1.93M▲ 0%	38.45M▲ 2094.5%	12.66M▼ 67.1%	5.82M▼ 54.0%	38.64M▲ 563.9%	36.13M▼ 6.5%	44.14M▲ 22.2%
Net Margin %	-0.46%	9.5%	2.96%	1.27%	8.01%	6.37%	7.23%
Net Income Growth %	-	2094.45%	-67.07%	-54.03%	563.93%	-6.49%	22.16%
Net Income (Continuing)	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M	44.14M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)	-0.06▲ 0%	1.15▲ 2096.5%	0.44▼ 61.7%	0.16▼ 63.6%	1.02▲ 537.5%	0.90▼ 11.8%	1.02▲ 13.3%
EPS Growth %	-	2096.53%	-61.74%	-63.64%	537.5%	-11.76%	13.33%
EPS (Basic)	-0.06	1.15	0.44	0.16	1.03	0.90	1.08
Diluted Shares Outstanding	33.48M	33.48M	28.6M	36.12M	37.92M	40.33M	43.43M
Basic Shares Outstanding	33.48M	33.48M	28.6M	36.11M	37.53M	39.95M	40.87M
Dividend Payout Ratio	-	-	100.71%	197.75%	31.07%	38.6%	35%

CDRE Balance Sheet

Cadre Holdings, Inc. (CDRE) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	142.87M	117.47M	159.98M	197.02M	245.84M	327.57M	365.87M
Cash & Short-Term Investments	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M	122.9M
Cash Only	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M	122.9M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	55.57M	43.65M	48.34M	64.56M	58.36M	93.52M	110.61M
Days Sales Outstanding	48.21	39.37	41.3	51.47	44.15	60.14	66.15
Inventory	62.13M	60.92M	63.98M	70.27M	80.98M	82.35M	100.26M
Days Inventory Outstanding	82.55	88.35	91.01	90.9	104.88	89.97	104.36
Other Current Assets	15.32M	3.36M	3.45M	6.81M	6.89M	7.74M	32.1M
Total Non-Current Assets	164.47M	165.81M	151.81M	194.93M	185.34M	325.14M	404.17M
Property, Plant & Equipment	36.05M	35.44M	33.05M	53.77M	51.2M	60.7M	98.6M
Fixed Asset Turnover	11.67x	11.42x	12.93x	8.51x	9.42x	9.35x	6.19x
Goodwill	66.18M	66.31M	66.26M	81.58M	81.67M	148.16M	181.41M
Intangible Assets	59.95M	51.01M	42.41M	50.7M	43.47M	107.54M	114.98M
Long-Term Investments	0	0	0	0	0	1.3M	0
Other Non-Current Assets	385K	150K	3.03M	6.63M	4.99M	2.89M	4.36M
Total Assets	307.33M▲ 0%	283.28M▼ 7.8%	311.8M▲ 10.1%	391.95M▲ 25.7%	431.18M▲ 10.0%	652.71M▲ 51.4%	770.03M▲ 18.0%
Asset Turnover	1.37x	1.43x	1.37x	1.17x	1.12x	0.87x	0.79x
Asset Growth %	-	-7.83%	10.07%	25.71%	10.01%	51.38%	17.97%
Total Current Liabilities	62.91M	62.48M	74.62M	78.92M	95.21M	94.13M	104.5M
Accounts Payable	25.7M	21.98M	19.33M	23.41M	28.42M	29.64M	22.32M
Days Payables Outstanding	34.14	31.87	27.49	30.28	36.81	32.39	23.24
Short-Term Debt	4.33M	3.5M	13.17M	12.21M	12.32M	11.38M	16.27M
Deferred Revenue (Current)	4.87M	7.26M	12.61M	5.94M	5.12M	4.92M	0
Other Current Liabilities	15.57M	18.75M	19.36M	20.42M	24.62M	1.76M	61.07M
Current Ratio	2.27x	1.88x	2.14x	2.50x	2.58x	3.48x	3.50x
Quick Ratio	1.28x	0.90x	1.29x	1.61x	1.73x	2.61x	2.54x
Cash Conversion Cycle	96.61	95.84	104.81	112.09	112.22	117.73	147.27
Total Non-Current Liabilities	274.45M	211.94M	148.53M	147.14M	138.81M	247.07M	347.73M
Long-Term Debt	270.31M	209.31M	146.52M	137.48M	127.81M	211.83M	306.03M
Capital Lease Obligations	0	0	0	4.96M	3.19M	10.73M	0
Deferred Tax Liabilities	3.33M	2.08M	1.3M	3.51M	4.84M	18.76M	30.06M
Other Non-Current Liabilities	802K	550K	722K	1.19M	2.97M	5.75M	11.65M
Total Liabilities	337.36M	274.43M	223.16M	226.06M	234.02M	341.2M	452.23M
Total Debt	274.64M	212.81M	159.69M	158.43M	146.83M	238.76M	322.29M
Net Debt	272.12M	209.93M	125.83M	113.14M	59.14M	113.83M	199.39M
Debt / Equity	-	24.04x	1.80x	0.96x	0.74x	0.77x	1.01x
Debt / EBITDA	6.41x	3.30x	2.44x	4.89x	2.03x	2.87x	3.43x
Net Debt / EBITDA	6.35x	3.25x	1.92x	3.50x	0.82x	1.37x	2.12x
Interest Coverage	0.92x	2.04x	3.15x	2.69x	12.47x	8.54x	6.34x
Total Equity	-30.02M▲ 0%	8.85M▲ 129.5%	88.64M▲ 901.5%	165.89M▲ 87.2%	197.16M▲ 18.9%	311.51M▲ 58.0%	317.8M▲ 2.0%
Equity Growth %	-	129.48%	901.47%	87.15%	18.85%	58%	2.02%
Book Value per Share	-0.90	0.26	3.10	4.59	5.20	7.72	7.32
Total Shareholders' Equity	-30.02M	8.85M	88.64M	165.89M	197.16M	311.51M	317.8M
Common Stock	3K	3K	3K	4K	4K	4K	4K
Retained Earnings	-75.42M	-36.96M	-37.05M	-42.74M	-16.11M	6.08M	34.77M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	-3.28M	-2.86M	-1.92M	2.09M	634K	-1.39M	460K
Minority Interest	0	0	0	0	0	0	0

CDRE Cash Flow Statement

Cadre Holdings, Inc. (CDRE) cash flow — operating, investing & free cash flow history

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	7.41M	45.42M	40.09M	46.41M	73.21M	31.78M	63.7M
Operating CF Margin %	1.76%	11.22%	9.38%	10.14%	15.17%	5.6%	10.44%
Operating CF Growth %	-	512.61%	-11.72%	15.75%	57.75%	-56.59%	100.48%
Net Income	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M	44.14M
Depreciation & Amortization	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M	18.63M
Stock-Based Compensation	0	0	355K	31.86M	9.37M	8.37M	12.24M
Deferred Taxes	-817K	-12.25M	4.77M	-1.09M	-210K	-2.06M	2.39M
Other Non-Cash Items	1.95M	-12.92M	18.26M	6.76M	-438K	9.29M	2.47M
Working Capital Changes	-7.24M	17.4M	-9.67M	-12.59M	10.11M	-36.37M	-16.16M
Change in Receivables	8.66M	11.81M	-4.64M	-11.54M	6.6M	-24.9M	8.36M
Change in Inventory	5.72M	1.64M	-3.19M	1.16M	-10.22M	10.02M	-3.62M
Change in Payables	-19.7M	2.12M	2.72M	5.49M	14.03M	-15.62M	-16.41M
Cash from Investing	26.37M	19.78M	-2.83M	-59.63M	-6.52M	-147.43M	-96.37M
Capital Expenditures	-3.08M	-4.71M	-2.83M	-4.49M	-6.73M	-5.67M	-6.86M
CapEx % of Revenue	0.73%	1.16%	0.66%	0.98%	1.39%	1%	1.12%
Acquisitions	26.85M	0	0	-55.54M	0	-141.81M	-89.59M
Investments	-	-	-	-	-	-	-
Other Investing	70K	12.41M	0	411K	207K	55K	77K
Cash from Financing	-32.42M	-64.9M	-6.6M	24.46M	-24.72M	152.67M	31.59M
Debt Issued (Net)	-29.98M	-56.33M	-65.97M	-11.08M	-10.02M	83.9M	83.68M
Equity Issued (Net)	0	0	1000K	1000K	0	1000K	1000K
Dividends Paid	0	0	-12.75M	-11.51M	-12.01M	-13.95M	-15.45M
Share Repurchases	0	0	0	0	0	0	0
Other Financing	-2.44M	-8.57M	-6.46M	-9.28M	-2.69M	-9.06M	-40.02M
Net Change in Cash	1.23M▲ 0%	353K▼ 71.3%	30.98M▲ 8677.3%	11.43M▼ 63.1%	42.41M▲ 271.0%	37.24M▼ 12.2%	394K▼ 98.9%
Free Cash Flow	4.33M▲ 0%	40.71M▲ 839.8%	37.26M▼ 8.5%	41.91M▲ 12.5%	66.48M▲ 58.6%	26.11M▼ 60.7%	56.85M▲ 117.7%
FCF Margin %	1.03%	10.06%	8.72%	9.16%	13.78%	4.6%	9.31%
FCF Growth %	-	839.77%	-8.47%	12.49%	58.61%	-60.73%	117.74%
FCF per Share	0.13	1.22	1.30	1.16	1.75	0.65	1.31
FCF Conversion (FCF/Net Income)	-3.85x	1.18x	3.17x	7.97x	1.89x	0.88x	1.44x
Interest Paid	27.91M	23.32M	13.34M	6.11M	10.09M	14.43M	0
Taxes Paid	307K	879K	1.16M	1.4M	8.73M	24.21M	0

CDRE Key Ratios

Cadre Holdings, Inc. (CDRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	434.45%	25.97%	4.57%	21.29%	14.21%	14.03%
Return on Invested Capital (ROIC)	8.48%	16.21%	17.91%	5.08%	15.84%	14.69%	11.94%
Gross Margin	34.71%	37.8%	39.95%	38.37%	41.6%	41.14%	42.54%
Net Margin	-0.46%	9.5%	2.96%	1.27%	8.01%	6.37%	7.23%
Debt / Equity	-	24.04x	1.80x	0.96x	0.74x	0.77x	1.01x
Interest Coverage	0.92x	2.04x	3.15x	2.69x	12.47x	8.54x	6.34x
FCF Conversion	-3.85x	1.18x	3.17x	7.97x	1.89x	0.88x	1.44x
Revenue Growth	-	-3.83%	5.6%	7.15%	5.39%	17.62%	7.53%

CDRE SEC Filings & Documents

Cadre Holdings, Inc. (CDRE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 10, 2026·SEC

Material company update

Nov 4, 2025·SEC

Material company update

Nov 3, 2025·SEC

10-K Annual Reports

FY 2026

Mar 10, 2026·SEC

FY 2025

Mar 11, 2025·SEC

FY 2024

Mar 12, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

CDRE Frequently Asked Questions

Cadre Holdings, Inc. (CDRE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cadre Holdings, Inc. (CDRE) reported $610.3M in revenue for fiscal year 2025. This represents a 45% increase from $420.7M in 2019.

Cadre Holdings, Inc. (CDRE) grew revenue by 7.5% over the past year. This is steady growth.

Yes, Cadre Holdings, Inc. (CDRE) is profitable, generating $44.1M in net income for fiscal year 2025 (7.2% net margin).

Dividend & Returns

Yes, Cadre Holdings, Inc. (CDRE) pays a dividend with a yield of 1.19%. This makes it attractive for income-focused investors.

Cadre Holdings, Inc. (CDRE) has a return on equity (ROE) of 14.0%. This is reasonable for most industries.

Cadre Holdings, Inc. (CDRE) generated $56.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Cadre Holdings, Inc. (CDRE) financial analysis — history, returns, DCA and operating performance tools

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