Saturday 17 October 2026 Export CDLR’s income statement to Excel — free account

Cadeler A/S Sponsored ADR

CDLR Industrials Engineering & Construction

Cadeler A/S Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $701.9 million, up 160.8% from fiscal 2024. In the quarter to June 2026, revenue grew 122.1%, EPS fell 157.3%, free cash flow grew 99.0% and total debt rose 65.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

21.73 0.37 +1.73%

Follow CDLR

Alert me

Market cap: $2.1B
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 6/9
Altman Z: 1.09
Beneish M: −1.36
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 2,060.00

Revenue 306.93

Net Income 562.31

Free Cash Flow (1,029.60)

Net Debt 1,620.11

Current Ratio 1.62

Debt/Equity 0.90

P/E ratio 0.00

Fwd P/E —

P/S ratio 6.24

P/B ratio 0.93

Past 5Y EPS Growth —

This Y EPS Growth (25.64%)

Next Y EPS Growth 78.86%

Next Y revenue growth —

Next 5Y EPS Growth (2.19%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	105	76	172	245
Receivables	33	68	157	145
Inventory	2	1	4	5
Other	10	41	93	108
	160	204	441	523

	2023	2024	2025	Q'26
Payables	35	47	111	81
ST’ Debt	1	34	131	155
Other	7	1	3	1
	58	134	397	322

Compound Annual Growth %

	10y	5y	3y
Sales	—	95.62%	85.97%
Cash Flow	—	0.00%	165.42%
Earnings	—	0.00%	105.72%
Book Value	—	41.87%	43.45%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	146	—	—	—	—
’25	69	—	—	—	702
’24	21	—	—	—	269
’23	—	71	—	—	118
’22	—	43	—	66	109
’21	—	38	—	33	70
’20	—	—	—	—	25

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	49	43	—	—	—
’25	21	60	334	—	446
’24	14	4	49	—	101
’23	—	17	—	69	69
’22	—	27	—	(3)	24
’21	—	18	—	13	30
’20	—	—	—	—	(17)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(57)	(5)	—	—	—
’25	(470)	(213)	(755)	—	(954)
’24	(96)	(204)	(555)	—	(566)
’23	—	17	—	(2)	(2)
’22	—	27	—	(3)	24
’21	—	18	—	13	30
’20	—	—	—	—	(17)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.09)	—	—	—	—
’25	0.04	—	—	—	3.57
’24	(0.26)	—	—	—	0.82
’23	—	0.16	—	—	0.26
’22	—	0.07	—	0.16	0.22
’21	—	0.05	—	0.02	0.07
’20	—	—	—	—	(1.31)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	16.52	16.29	15.37	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	18.91	28.75	23.09
People
People	Employees	—	—	—	—	—	—	—	570	659	1,073
	Revenue/emp, $m	—	—	0.00	0.00	0.00	0.00	0.00	0.21	0.41	0.65
Income, $m
Income, $m	Revenue	—	—	79	43	25	70	109	118	269	702
	Gross margin, %	—	—	22.09	(17.20)	(136.84)	35.54	52.51	44.89	50.06	61.84
	EBT	—	—	(5)	(25)	(34)	9	36	12	73	326
	EBT margin, %	—	—	(6.40)	(57.94)	(138.76)	12.28	33.36	10.59	27.13	46.40
	Net income	—	—	(7)	(27)	(34)	9	36	12	70	317
	Depreciation	—	—	17	18	19	19	23	25	61	122
Per share, $
Per share, $	Revenue	—	—	2.08	1.13	0.94	0.54	0.67	2.34	3.11	8.01
	Earnings	—	—	(0.18)	(0.69)	(1.31)	0.07	0.22	0.26	0.82	3.62
	Cash flow	—	—	0.19	(0.21)	(0.66)	0.23	0.15	1.36	1.16	5.09
	Capex	—	—	0.00	0.00	0.00	0.00	0.00	(1.40)	(7.71)	(15.97)
	Free cash flow	—	—	0.19	(0.21)	(0.66)	0.23	0.15	(0.04)	(6.54)	(10.88)
	Book value	—	—	0.32	(0.39)	11.39	2.82	3.54	20.62	15.44	19.41
	Shares, m	—	—	38	38	26	131	163	50	86	88
Valuation, ×
Valuation, ×	P/E	—	—	43.45	43.45	43.45	43.45	43.45	44.19	184.09	195.68
	P/S	—	—	16.22	16.22	16.22	16.22	16.22	16.50	9.63	3.70
	P/B	—	—	5.65	5.65	5.65	5.65	5.65	3.39	1.55	0.50
	EV/Sales	—	—	16.72	16.72	16.72	16.72	16.72	17.06	12.35	9.96
	EV/FCF	—	—	66.82	66.82	66.82	66.82	66.82	33.33	(2.90)	(1.13)
Cash, $m
Cash, $m	Operating cash flow	—	—	7	(8)	(17)	30	24	69	101	446
	Capex	—	—	0	0	(322)	(188)	(231)	(70)	(667)	(1,400)
	Free cash flow	—	—	7	(8)	(17)	30	24	(2)	(566)	(954)
Balance, $m
Balance, $m	Working capital	—	—	4	(15)	71	(33)	51	102	70	44
	Total debt	—	—	132	116	91	84	123	223	628	1,837
	Net debt	—	—	131	115	13	81	103	118	552	1,665
	Shareholders’ equity	—	—	12	(15)	296	370	576	1,038	1,335	1,701
Returns, %
Returns, %	ROA	—	—	0.00	(19.13)	(12.63)	1.92	6.08	1.20	4.08	10.63
	ROIC	—	—	0.00	0.00	0.00	0.00	0.00	0.84	2.49	6.68
	ROE	—	—	0.00	2,136.77	(24.17)	2.59	7.70	1.54	5.93	20.88

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ROAD Construction Partners, Inc.	$4.7B	32.2×	38.5×	+28.25% (above 0%: growing)	+33.75% (above 0%: growing)	−19.66% (below 0%: shrinking)	16.85%	10.94%	Compare
KBR KBR, Inc.	$4.6B	11.0×	9.6×	+1.64% (above 0%: growing)	+33.93% (above 0%: growing)	−83.25% (below 0%: shrinking)	14.77%	8.67%	Compare
MYRG MYR Group, Inc.	$4.5B	26.4×	39.8×	+20.15% (above 0%: growing)	+88.24% (above 0%: growing)	−283.31% (below 0%: shrinking)	13.19%	6.28%	Compare
TPC Tutor Perini Corporation	$4.1B	32.9×	19.8×	+19.17% (above 0%: growing)	+228.95% (above 0%: growing)	−35.14% (below 0%: shrinking)	12.91%	7.19%	Compare
PRIM Primoris Services Corporation	$4.0B	28.4×	30.5×	−10.71% (below 0%: shrinking)	n/m	−149.14% (below 0%: shrinking)	4.88%	(1.59%)	Compare
EXPO Exponent, Inc.	$3.4B	32.2×	26.3×	+20.89% (above 0%: growing)	+15.38% (above 0%: growing)	−14.24% (below 0%: shrinking)	86.74%	16.33%	Compare
CDLR Cadeler A/S Sponsored ADR	$2.1B	— (loss-making)	—	+122.12% (above 0%: growing)	n/m	+99.04% (above 0%: growing)	21.46%	6.24%
WLDN Willdan Group, Inc.	$1.1B	16.4×	25.9×	+33.18% (above 0%: growing)	+51.40% (above 0%: growing)	+82.02% (above 0%: growing)	37.85%	8.54%	Compare
AMRC Ameresco, Inc.	$1.1B	36.8×	27.6×	+9.14% (above 0%: growing)	−25.00% (below 0%: shrinking)	−81.22% (below 0%: shrinking)	17.71%	8.57%	Compare
Median of peers	$4.1B	30.3×	27.0×	+19.66%	+33.93%	−58.18%	15.81%	8.56%

All 51 Engineering & Construction stocks →

Cadeler A/S Sponsored ADR (CDLR) key facts

Strength: Cadeler A/S Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $701.9 million, up 160.8% from fiscal 2024.
Cadeler A/S Sponsored ADR (CDLR) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CDLR traded at $21.73, a market capitalization of $2.1 billion.
Return on equity was 20.9% and debt-to-equity 0.90.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.09 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.