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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%
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 (at or above 1.5: strong)
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%) (below 0%: weak)
Next Y EPS Growth 78.86% (at or above 15%: strong)
Next Y revenue growth —
Next 5Y EPS Growth (2.19%) (below 0%: weak)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.5×, against a ten-year median of 11.6×; over the ten years it ranged from 8.3× in 2024 to 17.5× in 2023.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Cadeler A/S Sponsored ADR vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

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.

Cadeler A/S Sponsored ADR (CDLR) Latest News

24 Mar

Impact 5 ·
stockrow.com/CDLR · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com