Cadre Holdings, Inc. (CDRE) 10-Year Financial Performance & Capital Metrics

CDRE • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

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 $568M +17.6%
EBITDA $83M +15.1%
Net Income $36M -6.5%
EPS (Diluted) 0.90 -11.8%
Gross Margin 41.14% -1.1%
EBITDA Margin 14.66% -2.1%
Operating Margin 11.76% +0.4%
Net Margin 6.37% -20.5%
ROE 14.21% -33.3%
ROIC 14.69% -7.2%
Debt/Equity 0.77 +2.9%
Interest Coverage 8.54 -31.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.17%

3Y9.93%

TTM19.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y41.84%

TTM38.6%

EPS CAGR

10Y-

5Y-

3Y26.94%

TTM34.94%

ROCE

10Y Avg15.6%

5Y Avg16.48%

3Y Avg12.81%

Latest14.93%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.18B	631.73	131.61	33.44%	10.05%	8.49%	0.66%	0.60
CDRECadre Holdings, Inc.	1.72B	42.29	46.99	17.62%	7.33%	13.33%	1.52%	0.77
SWBISmith & Wesson Brands, Inc.	468.52M	10.53	35.10	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	402.24M	17.70	32.18	101.1%	14.43%	25.33%	2.33%	0.05
RGRSturm, Ruger & Company, Inc.	587.23M	36.83	20.81	-1.49%	0.48%	0.93%	5.91%	0.01
NPKNational Presto Industries, Inc.	845.79M	118.26	20.32	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	112.26M	3.74	13.85			6.92%
GPUSHyperscale Data, Inc.	106.72M	0.33	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	420.74M	404.64M	427.29M	457.84M	482.53M	567.56M
Revenue Growth %	-	-0.04%	0.06%	0.07%	0.05%	0.18%
Cost of Goods Sold+	274.7M	251.7M	256.6M	282.16M	281.81M	334.08M
COGS % of Revenue	0.65%	0.62%	0.6%	0.62%	0.58%	0.59%
Gross Profit+	146.04M	152.94M	170.69M	175.68M	200.73M	233.48M
Gross Margin %	0.35%	0.38%	0.4%	0.38%	0.42%	0.41%
Gross Profit Growth %	-	0.05%	0.12%	0.03%	0.14%	0.16%
Operating Expenses+	118.65M	103.13M	118.97M	158.96M	144.21M	166.72M
OpEx % of Revenue	0.28%	0.25%	0.28%	0.35%	0.3%	0.29%
Selling, General & Admin	124.27M	106.63M	114.96M	153.13M	140.52M	158.32M
SG&A % of Revenue	0.3%	0.26%	0.27%	0.33%	0.29%	0.28%
Research & Development	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
Operating Income+	27.38M	49.8M	51.72M	16.72M	56.52M	66.76M
Operating Margin %	0.07%	0.12%	0.12%	0.04%	0.12%	0.12%
Operating Income Growth %	-	0.82%	0.04%	-0.68%	2.38%	0.18%
EBITDA+	42.83M	64.54M	65.44M	32.37M	72.26M	83.18M
EBITDA Margin %	0.1%	0.16%	0.15%	0.07%	0.15%	0.15%
EBITDA Growth %	-	0.51%	0.01%	-0.51%	1.23%	0.15%
D&A (Non-Cash Add-back)	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M
EBIT	27.78M	52.26M	35.62M	15.58M	57.45M	62.04M
Net Interest Income+	-29.85M	-24.39M	-16.43M	-6.21M	-4.53M	-7.82M
Interest Income	0	0	0	0	0	0
Interest Expense	29.85M	24.39M	16.43M	6.21M	4.53M	7.82M
Other Income/Expense	-29.45M	-21.93M	-32.53M	-7.34M	-3.6M	-12.54M
Pretax Income+	-2.07M	27.88M	19.19M	9.37M	52.92M	54.22M
Pretax Margin %	-0%	0.07%	0.04%	0.02%	0.11%	0.1%
Income Tax+	-142K	-10.58M	6.53M	3.55M	14.28M	18.09M
Effective Tax Rate %	0.93%	1.38%	0.66%	0.62%	0.73%	0.67%
Net Income+	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Net Margin %	-0%	0.1%	0.03%	0.01%	0.08%	0.06%
Net Income Growth %	-	20.94%	-0.67%	-0.54%	5.64%	-0.06%
Net Income (Continuing)	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.06	1.15	0.44	0.16	1.02	0.90
EPS Growth %	-	20.97%	-0.62%	-0.64%	5.38%	-0.12%
EPS (Basic)	-0.06	1.15	0.44	0.16	1.03	0.90
Diluted Shares Outstanding	33.48M	33.48M	28.6M	36.12M	37.92M	40.33M
Basic Shares Outstanding	33.48M	33.48M	28.6M	36.11M	37.53M	39.95M
Dividend Payout Ratio	-	-	1.01%	1.98%	0.31%	0.39%

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	142.87M	117.47M	159.98M	197.02M	245.84M	327.57M
Cash & Short-Term Investments	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M
Cash Only	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	55.57M	43.65M	48.34M	64.56M	58.36M	93.52M
Days Sales Outstanding	48.21	39.37	41.3	51.47	44.15	60.14
Inventory	62.13M	60.92M	63.98M	70.27M	80.98M	82.35M
Days Inventory Outstanding	82.55	88.35	91.01	90.9	104.88	89.97
Other Current Assets	15.32M	3.36M	3.45M	6.81M	6.89M	7.74M
Total Non-Current Assets+	164.47M	165.81M	151.81M	194.93M	185.34M	325.14M
Property, Plant & Equipment	36.05M	35.44M	33.05M	53.77M	51.2M	60.7M
Fixed Asset Turnover	11.67x	11.42x	12.93x	8.51x	9.42x	9.35x
Goodwill	66.18M	66.31M	66.26M	81.58M	81.67M	148.16M
Intangible Assets	59.95M	51.01M	42.41M	50.7M	43.47M	107.54M
Long-Term Investments	0	0	0	0	0	1.3M
Other Non-Current Assets	385K	150K	3.03M	6.63M	4.99M	2.89M
Total Assets+	307.33M	283.28M	311.8M	391.95M	431.18M	652.71M
Asset Turnover	1.37x	1.43x	1.37x	1.17x	1.12x	0.87x
Asset Growth %	-	-0.08%	0.1%	0.26%	0.1%	0.51%
Total Current Liabilities+	62.91M	62.48M	74.62M	78.92M	95.21M	94.13M
Accounts Payable	25.7M	21.98M	19.33M	23.41M	28.42M	29.64M
Days Payables Outstanding	34.14	31.87	27.49	30.28	36.81	32.39
Short-Term Debt	4.33M	3.5M	13.17M	12.21M	12.32M	11.38M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	15.57M	18.75M	19.36M	20.42M	24.62M	1.76M
Current Ratio	2.27x	1.88x	2.14x	2.50x	2.58x	3.48x
Quick Ratio	1.28x	0.90x	1.29x	1.61x	1.73x	2.61x
Cash Conversion Cycle	96.61	95.84	104.81	112.09	112.22	117.73
Total Non-Current Liabilities+	274.45M	211.94M	148.53M	147.14M	138.81M	247.07M
Long-Term Debt	270.31M	209.31M	146.52M	137.48M	127.81M	211.83M
Capital Lease Obligations	0	0	0	4.96M	3.19M	10.73M
Deferred Tax Liabilities	3.33M	2.08M	1.3M	3.51M	4.84M	18.76M
Other Non-Current Liabilities	802K	550K	722K	1.19M	2.97M	5.75M
Total Liabilities	337.36M	274.43M	223.16M	226.06M	234.02M	341.2M
Total Debt+	274.64M	212.81M	159.69M	158.43M	146.83M	238.76M
Net Debt	272.12M	209.93M	125.83M	113.14M	59.14M	113.83M
Debt / Equity	-	24.04x	1.80x	0.96x	0.74x	0.77x
Debt / EBITDA	6.41x	3.30x	2.44x	4.89x	2.03x	2.87x
Net Debt / EBITDA	6.35x	3.25x	1.92x	3.50x	0.82x	1.37x
Interest Coverage	0.92x	2.04x	3.15x	2.69x	12.47x	8.54x
Total Equity+	-30.02M	8.85M	88.64M	165.89M	197.16M	311.51M
Equity Growth %	-	1.29%	9.01%	0.87%	0.19%	0.58%
Book Value per Share	-0.90	0.26	3.10	4.59	5.20	7.72
Total Shareholders' Equity	-30.02M	8.85M	88.64M	165.89M	197.16M	311.51M
Common Stock	3K	3K	3K	4K	4K	4K
Retained Earnings	-75.42M	-36.96M	-37.05M	-42.74M	-16.11M	6.08M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	-3.28M	-2.86M	-1.92M	2.09M	634K	-1.39M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.41M	45.42M	40.09M	46.41M	73.21M	31.78M
Operating CF Margin %	0.02%	0.11%	0.09%	0.1%	0.15%	0.06%
Operating CF Growth %	-	5.13%	-0.12%	0.16%	0.58%	-0.57%
Net Income	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Depreciation & Amortization	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M
Stock-Based Compensation	0	0	355K	31.86M	9.37M	8.37M
Deferred Taxes	-817K	-12.25M	4.77M	-1.09M	-210K	-2.06M
Other Non-Cash Items	1.95M	-12.92M	18.26M	6.76M	-438K	9.29M
Working Capital Changes	-7.24M	17.4M	-9.67M	-12.59M	10.11M	-36.37M
Change in Receivables	8.66M	11.81M	-4.64M	-11.54M	6.6M	-24.9M
Change in Inventory	5.72M	1.64M	-3.19M	1.16M	-10.22M	10.02M
Change in Payables	-19.7M	2.12M	2.72M	5.49M	14.03M	-15.62M
Cash from Investing+	26.37M	19.78M	-2.83M	-59.63M	-6.52M	-147.43M
Capital Expenditures	-3.08M	-4.71M	-2.83M	-4.49M	-6.73M	-5.67M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	70K	12.41M	0	411K	207K	55K
Cash from Financing+	-32.42M	-64.9M	-6.6M	24.46M	-24.72M	152.67M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	-12.75M	-11.51M	-12.01M	-13.95M
Share Repurchases	-	-	-	-	-	-
Other Financing	-2.44M	-8.57M	-6.46M	-9.28M	-2.69M	-9.06M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	4.33M	40.71M	37.26M	41.91M	66.48M	26.11M
FCF Margin %	0.01%	0.1%	0.09%	0.09%	0.14%	0.05%
FCF Growth %	-	8.4%	-0.08%	0.12%	0.59%	-0.61%
FCF per Share	0.13	1.22	1.30	1.16	1.75	0.65
FCF Conversion (FCF/Net Income)	-3.85x	1.18x	3.17x	7.97x	1.89x	0.88x
Interest Paid	27.91M	23.32M	13.34M	6.11M	10.09M	14.43M
Taxes Paid	307K	879K	1.16M	1.4M	8.73M	24.21M

Key Ratios

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

Revenue by Segment

	2021	2022	2023	2024
Product.	-	-	410.82M	497.62M
Product. Growth	-	-	-	21.13%
Distribution Services	-	-	-	105.4M
Distribution Services Growth	-	-	-	-
Distribution	90.04M	97.11M	102.37M	-
Distribution Growth	-	7.84%	5.42%	-
Products	362.19M	385.42M	-	-
Products Growth	-	6.41%	-	-

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	319.79M	351.24M	385.47M	455.22M
UNITED STATES Growth	-	9.84%	9.75%	18.09%
Non-US	-	-	-	112.34M
Non-US Growth	-	-	-	-
International.	107.5M	106.59M	97.06M	-
International. Growth	-	-0.85%	-8.95%	-

Frequently Asked Questions

Valuation & Price

Cadre Holdings, Inc. (CDRE) has a price-to-earnings (P/E) ratio of 47.0x. This suggests investors expect higher future growth.

Growth & Financials

Cadre Holdings, Inc. (CDRE) reported $619.1M in revenue for fiscal year 2024. This represents a 47% increase from $420.7M in 2019.

Cadre Holdings, Inc. (CDRE) grew revenue by 17.6% over the past year. This is strong growth.

Yes, Cadre Holdings, Inc. (CDRE) is profitable, generating $45.4M in net income for fiscal year 2024 (6.4% net margin).

Dividend & Returns

Yes, Cadre Holdings, Inc. (CDRE) pays a dividend with a yield of 0.82%. This makes it attractive for income-focused investors.

Cadre Holdings, Inc. (CDRE) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Cadre Holdings, Inc. (CDRE) generated $61.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Cadre Holdings, Inc. (CDRE) 10-Year Financial Performance & Capital Metrics

CDRE • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

Revenue $568M +17.6%
EBITDA $83M +15.1%
Net Income $36M -6.5%
EPS (Diluted) 0.90 -11.8%
Gross Margin 41.14% -1.1%
EBITDA Margin 14.66% -2.1%
Operating Margin 11.76% +0.4%
Net Margin 6.37% -20.5%
ROE 14.21% -33.3%
ROIC 14.69% -7.2%
Debt/Equity 0.77 +2.9%
Interest Coverage 8.54 -31.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.17%

3Y9.93%

TTM19.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y41.84%

TTM38.6%

EPS CAGR

10Y-

5Y-

3Y26.94%

TTM34.94%

ROCE

10Y Avg15.6%

5Y Avg16.48%

3Y Avg12.81%

Latest14.93%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.18B	631.73	131.61	33.44%	10.05%	8.49%	0.66%	0.60
CDRECadre Holdings, Inc.	1.72B	42.29	46.99	17.62%	7.33%	13.33%	1.52%	0.77
SWBISmith & Wesson Brands, Inc.	468.52M	10.53	35.10	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	402.24M	17.70	32.18	101.1%	14.43%	25.33%	2.33%	0.05
RGRSturm, Ruger & Company, Inc.	587.23M	36.83	20.81	-1.49%	0.48%	0.93%	5.91%	0.01
NPKNational Presto Industries, Inc.	845.79M	118.26	20.32	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	112.26M	3.74	13.85			6.92%
GPUSHyperscale Data, Inc.	106.72M	0.33	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	420.74M	404.64M	427.29M	457.84M	482.53M	567.56M
Revenue Growth %	-	-0.04%	0.06%	0.07%	0.05%	0.18%
Cost of Goods Sold+	274.7M	251.7M	256.6M	282.16M	281.81M	334.08M
COGS % of Revenue	0.65%	0.62%	0.6%	0.62%	0.58%	0.59%
Gross Profit+	146.04M	152.94M	170.69M	175.68M	200.73M	233.48M
Gross Margin %	0.35%	0.38%	0.4%	0.38%	0.42%	0.41%
Gross Profit Growth %	-	0.05%	0.12%	0.03%	0.14%	0.16%
Operating Expenses+	118.65M	103.13M	118.97M	158.96M	144.21M	166.72M
OpEx % of Revenue	0.28%	0.25%	0.28%	0.35%	0.3%	0.29%
Selling, General & Admin	124.27M	106.63M	114.96M	153.13M	140.52M	158.32M
SG&A % of Revenue	0.3%	0.26%	0.27%	0.33%	0.29%	0.28%
Research & Development	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
Operating Income+	27.38M	49.8M	51.72M	16.72M	56.52M	66.76M
Operating Margin %	0.07%	0.12%	0.12%	0.04%	0.12%	0.12%
Operating Income Growth %	-	0.82%	0.04%	-0.68%	2.38%	0.18%
EBITDA+	42.83M	64.54M	65.44M	32.37M	72.26M	83.18M
EBITDA Margin %	0.1%	0.16%	0.15%	0.07%	0.15%	0.15%
EBITDA Growth %	-	0.51%	0.01%	-0.51%	1.23%	0.15%
D&A (Non-Cash Add-back)	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M
EBIT	27.78M	52.26M	35.62M	15.58M	57.45M	62.04M
Net Interest Income+	-29.85M	-24.39M	-16.43M	-6.21M	-4.53M	-7.82M
Interest Income	0	0	0	0	0	0
Interest Expense	29.85M	24.39M	16.43M	6.21M	4.53M	7.82M
Other Income/Expense	-29.45M	-21.93M	-32.53M	-7.34M	-3.6M	-12.54M
Pretax Income+	-2.07M	27.88M	19.19M	9.37M	52.92M	54.22M
Pretax Margin %	-0%	0.07%	0.04%	0.02%	0.11%	0.1%
Income Tax+	-142K	-10.58M	6.53M	3.55M	14.28M	18.09M
Effective Tax Rate %	0.93%	1.38%	0.66%	0.62%	0.73%	0.67%
Net Income+	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Net Margin %	-0%	0.1%	0.03%	0.01%	0.08%	0.06%
Net Income Growth %	-	20.94%	-0.67%	-0.54%	5.64%	-0.06%
Net Income (Continuing)	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.06	1.15	0.44	0.16	1.02	0.90
EPS Growth %	-	20.97%	-0.62%	-0.64%	5.38%	-0.12%
EPS (Basic)	-0.06	1.15	0.44	0.16	1.03	0.90
Diluted Shares Outstanding	33.48M	33.48M	28.6M	36.12M	37.92M	40.33M
Basic Shares Outstanding	33.48M	33.48M	28.6M	36.11M	37.53M	39.95M
Dividend Payout Ratio	-	-	1.01%	1.98%	0.31%	0.39%

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	142.87M	117.47M	159.98M	197.02M	245.84M	327.57M
Cash & Short-Term Investments	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M
Cash Only	2.52M	2.87M	33.86M	45.29M	87.69M	124.93M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	55.57M	43.65M	48.34M	64.56M	58.36M	93.52M
Days Sales Outstanding	48.21	39.37	41.3	51.47	44.15	60.14
Inventory	62.13M	60.92M	63.98M	70.27M	80.98M	82.35M
Days Inventory Outstanding	82.55	88.35	91.01	90.9	104.88	89.97
Other Current Assets	15.32M	3.36M	3.45M	6.81M	6.89M	7.74M
Total Non-Current Assets+	164.47M	165.81M	151.81M	194.93M	185.34M	325.14M
Property, Plant & Equipment	36.05M	35.44M	33.05M	53.77M	51.2M	60.7M
Fixed Asset Turnover	11.67x	11.42x	12.93x	8.51x	9.42x	9.35x
Goodwill	66.18M	66.31M	66.26M	81.58M	81.67M	148.16M
Intangible Assets	59.95M	51.01M	42.41M	50.7M	43.47M	107.54M
Long-Term Investments	0	0	0	0	0	1.3M
Other Non-Current Assets	385K	150K	3.03M	6.63M	4.99M	2.89M
Total Assets+	307.33M	283.28M	311.8M	391.95M	431.18M	652.71M
Asset Turnover	1.37x	1.43x	1.37x	1.17x	1.12x	0.87x
Asset Growth %	-	-0.08%	0.1%	0.26%	0.1%	0.51%
Total Current Liabilities+	62.91M	62.48M	74.62M	78.92M	95.21M	94.13M
Accounts Payable	25.7M	21.98M	19.33M	23.41M	28.42M	29.64M
Days Payables Outstanding	34.14	31.87	27.49	30.28	36.81	32.39
Short-Term Debt	4.33M	3.5M	13.17M	12.21M	12.32M	11.38M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	15.57M	18.75M	19.36M	20.42M	24.62M	1.76M
Current Ratio	2.27x	1.88x	2.14x	2.50x	2.58x	3.48x
Quick Ratio	1.28x	0.90x	1.29x	1.61x	1.73x	2.61x
Cash Conversion Cycle	96.61	95.84	104.81	112.09	112.22	117.73
Total Non-Current Liabilities+	274.45M	211.94M	148.53M	147.14M	138.81M	247.07M
Long-Term Debt	270.31M	209.31M	146.52M	137.48M	127.81M	211.83M
Capital Lease Obligations	0	0	0	4.96M	3.19M	10.73M
Deferred Tax Liabilities	3.33M	2.08M	1.3M	3.51M	4.84M	18.76M
Other Non-Current Liabilities	802K	550K	722K	1.19M	2.97M	5.75M
Total Liabilities	337.36M	274.43M	223.16M	226.06M	234.02M	341.2M
Total Debt+	274.64M	212.81M	159.69M	158.43M	146.83M	238.76M
Net Debt	272.12M	209.93M	125.83M	113.14M	59.14M	113.83M
Debt / Equity	-	24.04x	1.80x	0.96x	0.74x	0.77x
Debt / EBITDA	6.41x	3.30x	2.44x	4.89x	2.03x	2.87x
Net Debt / EBITDA	6.35x	3.25x	1.92x	3.50x	0.82x	1.37x
Interest Coverage	0.92x	2.04x	3.15x	2.69x	12.47x	8.54x
Total Equity+	-30.02M	8.85M	88.64M	165.89M	197.16M	311.51M
Equity Growth %	-	1.29%	9.01%	0.87%	0.19%	0.58%
Book Value per Share	-0.90	0.26	3.10	4.59	5.20	7.72
Total Shareholders' Equity	-30.02M	8.85M	88.64M	165.89M	197.16M	311.51M
Common Stock	3K	3K	3K	4K	4K	4K
Retained Earnings	-75.42M	-36.96M	-37.05M	-42.74M	-16.11M	6.08M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	-3.28M	-2.86M	-1.92M	2.09M	634K	-1.39M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.41M	45.42M	40.09M	46.41M	73.21M	31.78M
Operating CF Margin %	0.02%	0.11%	0.09%	0.1%	0.15%	0.06%
Operating CF Growth %	-	5.13%	-0.12%	0.16%	0.58%	-0.57%
Net Income	-1.93M	38.45M	12.66M	5.82M	38.64M	36.13M
Depreciation & Amortization	15.44M	14.73M	13.72M	15.65M	15.74M	16.42M
Stock-Based Compensation	0	0	355K	31.86M	9.37M	8.37M
Deferred Taxes	-817K	-12.25M	4.77M	-1.09M	-210K	-2.06M
Other Non-Cash Items	1.95M	-12.92M	18.26M	6.76M	-438K	9.29M
Working Capital Changes	-7.24M	17.4M	-9.67M	-12.59M	10.11M	-36.37M
Change in Receivables	8.66M	11.81M	-4.64M	-11.54M	6.6M	-24.9M
Change in Inventory	5.72M	1.64M	-3.19M	1.16M	-10.22M	10.02M
Change in Payables	-19.7M	2.12M	2.72M	5.49M	14.03M	-15.62M
Cash from Investing+	26.37M	19.78M	-2.83M	-59.63M	-6.52M	-147.43M
Capital Expenditures	-3.08M	-4.71M	-2.83M	-4.49M	-6.73M	-5.67M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	70K	12.41M	0	411K	207K	55K
Cash from Financing+	-32.42M	-64.9M	-6.6M	24.46M	-24.72M	152.67M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	-12.75M	-11.51M	-12.01M	-13.95M
Share Repurchases	-	-	-	-	-	-
Other Financing	-2.44M	-8.57M	-6.46M	-9.28M	-2.69M	-9.06M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	4.33M	40.71M	37.26M	41.91M	66.48M	26.11M
FCF Margin %	0.01%	0.1%	0.09%	0.09%	0.14%	0.05%
FCF Growth %	-	8.4%	-0.08%	0.12%	0.59%	-0.61%
FCF per Share	0.13	1.22	1.30	1.16	1.75	0.65
FCF Conversion (FCF/Net Income)	-3.85x	1.18x	3.17x	7.97x	1.89x	0.88x
Interest Paid	27.91M	23.32M	13.34M	6.11M	10.09M	14.43M
Taxes Paid	307K	879K	1.16M	1.4M	8.73M	24.21M

Key Ratios

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

Revenue by Segment

	2021	2022	2023	2024
Product.	-	-	410.82M	497.62M
Product. Growth	-	-	-	21.13%
Distribution Services	-	-	-	105.4M
Distribution Services Growth	-	-	-	-
Distribution	90.04M	97.11M	102.37M	-
Distribution Growth	-	7.84%	5.42%	-
Products	362.19M	385.42M	-	-
Products Growth	-	6.41%	-	-

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	319.79M	351.24M	385.47M	455.22M
UNITED STATES Growth	-	9.84%	9.75%	18.09%
Non-US	-	-	-	112.34M
Non-US Growth	-	-	-	-
International.	107.5M	106.59M	97.06M	-
International. Growth	-	-0.85%	-8.95%	-

Frequently Asked Questions

Valuation & Price

Cadre Holdings, Inc. (CDRE) has a price-to-earnings (P/E) ratio of 47.0x. This suggests investors expect higher future growth.

Growth & Financials

Cadre Holdings, Inc. (CDRE) reported $619.1M in revenue for fiscal year 2024. This represents a 47% increase from $420.7M in 2019.

Cadre Holdings, Inc. (CDRE) grew revenue by 17.6% over the past year. This is strong growth.

Yes, Cadre Holdings, Inc. (CDRE) is profitable, generating $45.4M in net income for fiscal year 2024 (6.4% net margin).

Dividend & Returns

Yes, Cadre Holdings, Inc. (CDRE) pays a dividend with a yield of 0.82%. This makes it attractive for income-focused investors.

Cadre Holdings, Inc. (CDRE) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Cadre Holdings, Inc. (CDRE) generated $61.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.