Cadre Holdings (CDRE) AI Stock Analysis

• Market Cap: $1.69B
• Dividend Yield: 0.91%
• Average Volume (3M): 269.37K
• Price to Earnings (P/E): 37.6
• Beta (1Y): 0.82
• Revenue Growth: 19.94%
• EPS Growth: 33.38%
• Country: US
• Employees: 2,284
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.27
• Shares Outstanding: 40,663,845
• 10 Day Avg. Volume: 258,456
• 30 Day Avg. Volume: 269,372
• 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: 0.99
• Enterprise Value/Revenue: 2.71
• Enterprise Value/Gross Profit: 6.39
• Enterprise Value/Ebitda: 17.59
• 1Y Price Target: $51.00
• Price Target Upside: 22.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 1.18
• Revenue Forecast (FY): $626.02M

• Rating: 80 Outperform
• Price Target: $52.00 ▲(24.97% Upside)

Cadre Holdings' strong financial performance and strategic acquisitions are the most significant factors driving the stock score. The company's robust earnings call and positive technical indicators further support the score, despite a high valuation and modest dividend yield.

Positive Factors

Strategic Acquisitions

The acquisition of TYR Tactical strengthens Cadre's market position in tactical gear, expands product offerings, and enhances global reach, particularly in European military markets. This move is expected to be accretive to earnings and EBITDA margins, providing long-term growth opportunities.

Revenue Growth

A significant increase in net sales indicates strong demand for Cadre's products and effective market penetration. Sustained revenue growth supports the company's financial health and ability to invest in further strategic initiatives.

Cash Generation

Strong cash generation enhances Cadre's financial flexibility, enabling it to fund acquisitions, pay dividends, and invest in R&D. This capability supports long-term strategic goals and shareholder value creation.

Negative Factors

Increased Leverage

Higher leverage could pose financial risks if not managed properly, potentially impacting Cadre's ability to invest in growth opportunities and maintain financial stability. Effective debt management is crucial for long-term sustainability.

Operational Challenges

A decline in EBIT margin suggests operational challenges that may affect profitability. Addressing these issues is essential to maintain competitive advantage and ensure sustained financial performance.

Order Timing Issues

Order timing issues in the nuclear business can disrupt revenue streams and operational efficiency. Resolving these issues is important for maintaining customer trust and ensuring consistent growth in this sector.

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 shows strong financial performance with robust revenue growth and cash flow generation. Despite increased leverage, profitability remains healthy, and equity is efficiently utilized. Attention to debt management is advisable for long-term stability.

Income Statement

Cadre Holdings has demonstrated strong revenue growth with an 8.11% increase in the TTM period. The gross profit margin is robust at 42.68%, indicating effective cost management. However, the EBIT margin has slightly decreased to 9.79% from the previous year, suggesting some operational challenges. Overall, the company shows solid profitability with a net profit margin of 7.33%.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.96, reflecting a higher leverage compared to previous years, which could pose a risk if not managed properly. However, the return on equity remains healthy at 12.08%, indicating efficient use of equity capital. The equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

Cadre Holdings has shown impressive free cash flow growth of 83.30% in the TTM period, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is 0.62, indicating good cash conversion. The free cash flow to net income ratio is high at 0.93, suggesting that the company effectively translates its earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	619.07M	567.56M	482.53M	457.84M	427.29M	404.64M
Gross Profit	262.85M	233.48M	200.73M	175.68M	170.69M	152.94M
EBITDA	95.41M	78.46M	73.19M	31.23M	49.34M	67.00M
Net Income	45.38M	36.13M	38.64M	5.82M	12.66M	38.45M
Balance Sheet
Total Assets	792.05M	652.71M	431.18M	391.95M	311.80M	283.28M
Cash, Cash Equivalents and Short-Term Investments	150.88M	124.93M	87.69M	45.29M	33.86M	2.87M
Total Debt	333.14M	238.76M	146.83M	158.43M	159.69M	212.81M
Total Liabilities	451.68M	341.20M	234.02M	226.06M	223.16M	274.43M
Stockholders Equity	340.37M	311.51M	197.16M	165.89M	88.64M	8.85M
Cash Flow
Free Cash Flow	61.30M	26.11M	66.48M	41.91M	37.26M	40.71M
Operating Cash Flow	66.17M	31.78M	73.21M	46.41M	40.09M	45.42M
Investing Cash Flow	-94.47M	-147.43M	-6.52M	-59.63M	-2.83M	19.78M
Financing Cash Flow	85.19M	152.67M	-24.72M	24.46M	-6.60M	-64.90M

Cadre Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 41.61
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 41.61 is below the 20-day moving average (MA) of 42.31, below the 50-day MA of 42.09, and above the 200-day MA of 34.78, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 47.67 is Neutral, neither overbought nor oversold. The STOCH value of 14.74 is Positive, 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	80 Outperform	$1.69B	37.56	14.17%	0.91%	19.94%	33.38%
BYRN	66 Neutral	$394.29M	25.88	29.71%	―	50.99%	612.36%
SWBI	64 Neutral	$461.40M	46.71	2.71%	5.01%	-9.08%	-71.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGR	60 Neutral	$510.53M	247.45	0.87%	1.94%	3.90%	-92.10%
POWW	49 Neutral	$217.83M	-3.55	―	―	-11.01%	-279.70%
PEW	43 Neutral	$94.55M	-78.75	-1.16%	―	―	-116.40%

Cadre Holdings Corporate Events

Cadre Holdings Announces Acquisition of RG Beck AZ

On October 28, 2025, Cadre Holdings, Inc. announced a Securities Purchase Agreement through its subsidiary, Safariland, LLC, to acquire RG Beck AZ, Inc. and its subsidiaries, including TYR Tactical, LLC, for $145 million. The acquisition includes cash and stock components, with potential earn-out payments based on revenue targets for 2026-2028. This strategic move aims to enhance Cadre Holdings’ market position in the tactical gear sector by expanding its product offerings and global reach.

Cadre Holdings Acquires TYR Tactical for $175 Million

On October 29, 2025, Cadre Holdings announced its definitive agreement to acquire TYR Tactical for $175 million, comprising $150 million in cash and $25 million in Cadre stock. This acquisition is expected to enhance Cadre’s market position by providing significant entry into European military and defense markets, leveraging TYR Tactical’s advanced manufacturing capabilities and extensive patent portfolio. The acquisition is anticipated to be immediately accretive to earnings and EBITDA margins, offering opportunities for operational synergies and expansion into new markets.

Cadre Holdings Hosts Investor Day at NYSE

On October 8, 2025, Cadre Holdings hosted an investor day at the New York Stock Exchange, featuring presentations and discussions on its strategic focus and product innovations, particularly in nuclear safety. The event highlighted Cadre’s transformation into a diversified industrial company with a strong emphasis on safety products, aiming for sustainable growth through market expansion and innovation, supported by recent financial performance and strategic acquisitions.