Cadre Holdings (CDRE) AI Stock Analysis

• Market Cap: $1.39B
• Dividend Yield: 1.15%
• Average Volume (3M): 229.93K
• Price to Earnings (P/E): 35.2
• Beta (1Y): 0.77
• Revenue Growth: 10.06%
• EPS Growth: -7.56%
• Country: US
• Employees: 2,284
• Sector: Industrials
• Sector Strength: 84
• Industry: Aerospace & Defense
• EPS (TTM): 0.30
• Shares Outstanding: 40,659,584
• 10 Day Avg. Volume: 224,695
• 30 Day Avg. Volume: 229,927
• PEG Ratio: -2.83
• Price to Book (P/B): 4.14
• Price to Sales (P/S): 2.27
• P/FCF Ratio: 49.42
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 2.30
• Enterprise Value/Gross Profit: 5.54
• Enterprise Value/Ebitda: 17.91
• 1Y Price Target: $42.20
• Price Target Upside: 27.61% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: $37.00 ▲(11.88% Upside)

Cadre Holdings receives a strong overall score due to its robust financial performance and positive earnings call guidance, which indicate a solid growth trajectory. While technical indicators and valuation suggest some caution, the company's strategic initiatives and market resilience support a favorable outlook.

Positive Factors

Earnings

Cadre (CDRE) reported 1Q2025 earnings with EPS of $0.23 well above consensus estimates of $0.13.

Financial Performance

Adjusted EBITDA rose by 86%, exceeding estimates by 6% with margins improving by 5.3 percentage points year-over-year.

Financial Position

CDRE announced a $590 million credit agreement, strengthening its financial position with a comfortable leverage range.

Negative Factors

Growth Challenges

Inorganic growth is a major part of the CDRE story and valuation, and in the current environment, deals will likely be delayed, slowed, and the cost of borrowing to increase.

Market Demand

The fervent demand for nuclear energy powered datacenters has cooled significantly with Microsoft announcing data center investments slowing and AI models becoming much more efficient.

Revenue Guidance

2025 revenue guidance is below consensus expectations, partly due to government procurement and tariff disruptions.

Cadre Holdings Business Overview & Revenue Model

Company Description

Cadre Holdings, Inc. (CDRE) is a company specializing in the safety and survivability equipment sector, primarily catering to first responders, law enforcement, and military personnel. The company's core products include body armor, duty gear, holsters, and other personal protective equipment designed to ensure the safety and effectiveness of those who serve in high-risk environments. Cadre Holdings also provides training and other related services to its clientele, ensuring comprehensive support in various operational scenarios.

How the Company Makes Money

Cadre Holdings generates revenue through the manufacturing and sale of its specialized safety and survivability equipment. Its key revenue streams include the direct sale of body armor, duty gear, holsters, and related personal protective equipment to government agencies, law enforcement departments, and military organizations. The company benefits from long-term contracts and procurement agreements with these entities, which provide a stable source of income. Additionally, Cadre Holdings may engage in strategic partnerships and collaborations to expand its market reach and product offerings. The company's earnings are significantly influenced by government defense and law enforcement budgets, as well as its ability to maintain and secure contracts with key clients.

Cadre Holdings Financial Statement Overview

Summary

Cadre Holdings demonstrates strong financial health with substantial revenue and profit growth, efficient cash flow management, and a balanced capital structure. The company has effectively reduced leverage while maintaining profitability, positioning itself well for future growth.

Income Statement

Cadre Holdings shows strong revenue growth with a TTM revenue of $559.8M, reflecting a 17.4% increase from 2023. The gross profit margin remains robust at 41.1%, and the net profit margin improved to 6.9%. EBIT margin is stable at 12.2%, while the EBITDA margin is healthy at 15.2%. Overall, the company displays solid profitability and growth trajectory.

Balance Sheet

The balance sheet indicates moderate leverage with a debt-to-equity ratio of 0.73, showing a decrease from prior periods, which is a positive sign. The equity ratio is reasonable at 48.4%, demonstrating a balanced capital structure. Return on equity has improved to 12.1%, suggesting effective use of equity to generate profits. The company's financial stability is improving, but there is still some leverage risk.

Cash Flow

Operating cash flow to net income ratio is strong at 1.22, indicating efficient conversion of income into cash. Free cash flow grew by 58.6% from 2023, with a free cash flow to net income ratio of 1.08, reflecting solid cash generation. The company exhibits healthy cash flow management, supporting its operations and growth.

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	73.48M	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: 33.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 33.07 is above the 20-day moving average (MA) of 32.78, above the 50-day MA of 33.05, and below the 200-day MA of 33.49, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 51.74 is Neutral, neither overbought nor oversold. The STOCH value of 33.68 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
CDRE	75 Outperform	$1.39B	35.20	13.07%	1.15%	10.06%	-7.56%
DCO	75 Outperform	$1.36B	39.09	5.25%	―	3.02%	95.76%
PL	73 Outperform	$1.94B	―	-22.54%	―	9.52%	24.27%
Sector *	71 Outperform	¥257.35B	14.36	8.48%	2.83%	6.31%	12.01%
BYRN	69 Neutral	$0.00	35.75	28.05%	―	73.56%	―
RGR	57 Neutral	$540.30M	108.12	1.88%	2.27%	3.31%	-82.99%
SWBI	54 Neutral	$355.98M	27.01	3.48%	6.72%	-11.73%	-64.84%

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.

The most recent analyst rating on (CDRE) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Cadre Holdings stock, see the CDRE Stock Forecast page.