Cadre Holdings (CDRE) AI Stock Analysis

• Market Cap: $1.47B
• Dividend Yield: 1.03%
• Average Volume (3M): 289.13K
• Price to Earnings (P/E): 38.9
• Beta (1Y): 0.76
• Revenue Growth: 7.66%
• EPS Growth: -9.96%
• Country: US
• Employees: 2,284
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.30
• Shares Outstanding: 40,663,845
• 10 Day Avg. Volume: 394,160
• 30 Day Avg. Volume: 289,127
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 2.63
• Enterprise Value/Gross Profit: 6.33
• Enterprise Value/Ebitda: 17.84
• 1Y Price Target: $34.00
• Price Target Upside: -6.44% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: $35.00 ▼(-3.69% Downside)

Cadre Holdings' overall stock score is driven by strong financial performance and a positive earnings call, despite challenges in cash flow and valuation concerns. The company's strategic acquisitions and robust financial position support a favorable outlook.

Positive Factors

Revenue Growth

The consistent revenue and gross profit growth indicate strong demand for Cadre's products, supporting long-term business expansion and market presence.

Successful Acquisition

The acquisition enhances Cadre's product offerings and market reach, particularly in the nuclear safety sector, strengthening its competitive position.

Strong Financial Position

A strong cash position and available credit provide Cadre with the flexibility to pursue strategic investments and acquisitions, supporting future growth.

Negative Factors

Order Timing Shifts

Delays in order fulfillment can impact revenue recognition and cash flow, potentially affecting short-term financial performance and planning.

Tariff Uncertainties

Tariff uncertainties can increase costs and affect pricing strategies, potentially impacting margins and competitive positioning in the long term.

Free Cash Flow Challenges

Negative free cash flow growth indicates potential issues in cash generation, which could limit investment capabilities and financial flexibility.

Cadre Holdings Business Overview & Revenue Model

Company Description

Cadre 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.

How the Company Makes Money

Cadre Holdings generates revenue through the sale of its core products, which include tactical gear, body armor, and various safety equipment. The company's revenue model is primarily based on direct sales to governmental and commercial entities, as well as distribution through retail channels. Key revenue streams include contracts with federal, state, and local law enforcement agencies, military contracts, and partnerships with outdoor and sporting goods retailers. Additionally, the company may benefit from recurring revenue through maintenance and replacement sales of its protective equipment, as well as potential collaborations with other manufacturers in the safety and security space, which can enhance product offerings and reach.

Cadre Holdings Financial Statement Overview

Summary

Cadre Holdings demonstrates solid revenue growth and profitability improvements, with stable margins and effective equity utilization. However, challenges in cash flow generation and slight increases in operational costs warrant attention. The company's financial health is generally strong, but monitoring cash flow trends will be crucial.

Income Statement

Cadre Holdings has shown consistent revenue growth with a TTM increase of 2.29% and stable gross profit margins around 41%. The net profit margin has improved to 6.87% in the TTM, indicating enhanced profitability. However, the EBIT margin has slightly decreased compared to previous periods, which could suggest rising operational costs.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.73, showing a relatively balanced approach to leveraging. Return on equity is healthy at 12.08%, reflecting efficient use of equity to generate profits. However, the equity ratio is not provided, limiting a full assessment of asset financing.

Cash Flow

Operating cash flow has improved, but free cash flow growth is negative at -19.22% in the TTM, indicating potential challenges in cash generation. The free cash flow to net income ratio remains strong at 0.88, suggesting good cash conversion from profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	572.61M	567.56M	482.53M	457.84M	427.29M	404.64M
Gross Profit	237.58M	233.48M	200.73M	175.68M	170.69M	152.94M
EBITDA	84.27M	81.11M	73.19M	41.98M	68.87M	59.39M
Net Income	38.10M	36.13M	38.64M	5.82M	12.66M	38.45M
Balance Sheet
Total Assets	794.44M	652.71M	431.18M	391.95M	311.80M	283.28M
Cash, Cash Equivalents and Short-Term Investments	137.47M	124.93M	87.69M	45.29M	33.86M	2.87M
Total Debt	330.80M	238.76M	146.83M	154.65M	159.69M	212.81M
Total Liabilities	461.98M	341.20M	234.02M	226.06M	223.16M	274.43M
Stockholders Equity	332.46M	311.51M	197.16M	165.89M	88.64M	8.85M
Cash Flow
Free Cash Flow	33.44M	26.11M	66.48M	41.91M	37.26M	40.71M
Operating Cash Flow	38.48M	31.78M	73.21M	46.41M	40.09M	45.42M
Investing Cash Flow	-94.61M	-147.43M	-6.52M	-59.63M	-2.83M	19.78M
Financing Cash Flow	85.73M	152.67M	-24.72M	24.46M	-6.60M	-64.90M

Cadre Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDRE, the sentiment is Positive. The current price of 36.34 is above the 20-day moving average (MA) of 33.10, above the 50-day MA of 32.03, and above the 200-day MA of 32.90, indicating a bullish trend. The MACD of 1.29 indicates Negative momentum. The RSI at 67.73 is Neutral, neither overbought nor oversold. The STOCH value of 69.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CDRE.

Cadre Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYRN	72 Outperform	474.74M	33.66	23.53%	―	73.56%	―
CDRE	70 Outperform	$1.47B	38.92	12.06%	1.03%	7.66%	-9.96%
RGR	66 Neutral	700.95M	135.12	1.99%	1.59%	3.31%	-82.99%
SWBI	55 Neutral	430.12M	34.89	3.33%	5.36%	-7.25%	-63.58%
POWW	49 Neutral	168.64M	-2.75	-58.93%	―	-11.01%	-279.70%
PEW	48 Neutral	157.73M	34.55	-214.85%	―	―	-17.50%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Cadre Holdings Corporate Events

Cadre Holdings Approves Employee Stock Purchase Plan

On May 30, 2025, Cadre Holdings, Inc. held its 2025 Annual Meeting of Stockholders, where stockholders approved the Employee Stock Purchase Plan, allowing for the issuance of 1,000,000 shares of common stock. The plan had been previously approved by the Board of Directors on April 16, 2025. Additionally, stockholders elected five directors, ratified KPMG LLP as the independent auditor for 2025, and approved the stock purchase plan, with approximately 95.1% of eligible shares represented at the meeting.