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Friday 6 November 2026
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Cadre Holdings, Inc.
CDRE Industrials Aerospace & Defense
Cadre Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $610.3 million, up 7.53% from fiscal 2024.
- Revenue
- +30.2%
- EPS
- +37.0%
- Free cash flow
- +6.04%
- Total debt
- +18.7%
Quarter to September 2026, against a year earlier
32.10
1.26
+4.09%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 421 | 405 | 427 | 458 | 483 | 568 | 610 | 733 | +6.4% | 759 | 809 | 882 | +13.1% | |
| Gross margin, % | — | — | — | 32.68 | 37.80 | 39.95 | 38.37 | 41.60 | 41.14 | 42.54 | 42.04 | +9.9 pt | ||||||
| EBT | — | — | — | (2) | 28 | 19 | 9 | 53 | 54 | 62 | 61 | n/m | ||||||
| EBT margin, % | — | — | — | (0.49) | 6.89 | 4.49 | 2.05 | 10.97 | 9.55 | 10.21 | 8.37 | +10.7 pt | ||||||
| Net income | — | 0 | — | (2) | 38 | 13 | 6 | 39 | 36 | 44 | 41 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 12.24 | 14.72 | 14.94 | 12.68 | 12.86 | 14.21 | 14.93 | 17.09 | +3.4% | |||||
| Earnings | — | — | — | (0.06) | 1.40 | 0.44 | 0.16 | 1.03 | 0.90 | 1.08 | 0.97 | n/m | ||||||
| Cash flow | — | — | — | 0.22 | 1.65 | 1.40 | 1.29 | 1.95 | 0.80 | 1.56 | 2.07 | +39.1% | ||||||
| Capex | — | — | — | 0.00 | 0.28 | (0.10) | (0.11) | (0.17) | (0.14) | (0.17) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.22 | 1.93 | 1.30 | 1.17 | 1.78 | 0.66 | 1.39 | 2.07 | +36.5% | ||||||
| Book value | — | — | — | (0.87) | 0.32 | 3.10 | 4.59 | 5.25 | 7.80 | 7.78 | 8.56 | n/m | ||||||
| Shares, m | — | — | — | 34 | 27 | 29 | 36 | 38 | 40 | 41 | 42 | +2.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 28.19 | 28.19 | 58.06 | 143.07 | 31.39 | 35.89 | 37.81 | 33.09 | 51.8 | |||||
| P/S | — | — | — | 0.98 | 0.98 | 1.70 | 1.58 | 2.51 | 2.27 | 2.73 | 1.88 | 1.8 | ||||||
| P/B | — | — | — | 57.27 | 57.27 | 8.20 | 4.36 | 6.15 | 4.14 | 5.25 | 3.75 | 20.4 | ||||||
| EV/Sales | — | — | — | 1.47 | 1.47 | 2.00 | 1.81 | 2.62 | 2.45 | 3.03 | 2.29 | 2.1 | ||||||
| EV/FCF | — | — | — | 13.95 | 13.95 | 22.89 | 19.56 | 18.98 | 53.07 | 32.51 | 21.33 | 25.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 7 | 45 | 40 | 46 | 73 | 32 | 64 | 89 | +43.1% | |||||
| Capex | — | — | — | (3) | 8 | (3) | (4) | (7) | (6) | (7) | (10) | +14.0% | ||||||
| Free cash flow | — | — | — | 7 | 53 | 37 | 42 | 67 | 26 | 57 | 89 | +40.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 80 | 55 | 85 | 118 | 151 | 233 | 261 | 205 | +21.8% | |||||
| Net debt | — | — | — | 267 | 210 | 126 | 104 | 52 | 98 | 182 | 302 | (6.2%) | ||||||
| Shareholders’ equity | — | — | — | (30) | 9 | 89 | 166 | 197 | 312 | 318 | 367 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (1.25) | 13.02 | 4.26 | 1.65 | 9.39 | 6.67 | 6.20 | 4.79 | +7.4 pt | |||||
| ROIC | — | — | — | 0.00 | 14.23 | 15.07 | 3.87 | 14.15 | 10.18 | 8.42 | 7.36 | +8.4 pt | ||||||
| ROE | — | — | — | 18.21 | (363.26) | 25.97 | 4.57 | 21.29 | 14.21 | 14.03 | 11.63 | (4.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 2,237 | 2,274 | 2,435 | 2,284 | 2,533 | — | +3.2% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.19 | 0.20 | 0.20 | 0.25 | 0.24 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
Cadre Holdings, Inc. vs peers in Aerospace & Defense (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 |
|---|---|---|---|---|---|---|---|---|---|
| RDW Redwire Corporation | $1.6B | — (loss-making) | — (loss-making) | +5.42% (above 0%: growing) | n/m | −138.56% (below 0%: shrinking) | 32.30% | (24.09%) | Compare |
| AADX Applied Aerospace & Defense, Inc. | $1.5B | — (loss-making) | — (loss-making) | — | n/m | — | 22.22% | (57.51%) | Compare |
| CDRE Cadre Holdings, Inc. | $1.4B | 33.1× | 30.3× | +30.16% (above 0%: growing) | +37.04% (above 0%: growing) | +6.04% (above 0%: growing) | 43.42% | 13.97% | |
| LYNX Lyntris Inc. | $1.3B | — | — | — | — | — | — | — | Compare |
| VOYG Voyager Technologies, Inc. | $1.3B | — (loss-making) | — (loss-making) | +124.10% (above 0%: growing) | n/m | +4.80% (above 0%: growing) | 11.53% | (69.78%) | Compare |
| HAWK HawkEye 360 Inc. | $1.3B | — (loss-making) | — (loss-making) | — | n/m | — | 60.94% | (23.18%) | Compare |
| AVEX AEVEX Corp. | $1.2B | — | — | — | — | — | 23.61% | 7.62% | Compare |
| NPK National Presto Industries, Inc. | $1.0B | 23.7× | 22.5× | +21.71% (above 0%: growing) | +206.94% (above 0%: growing) | +169.47% (above 0%: growing) | 19.47% | 13.24% | Compare |
| YSS York Space Systems Inc. | $756.8M | — (loss-making) | — (loss-making) | −12.90% (below 0%: shrinking) | n/m | −28.26% (below 0%: shrinking) | 23.97% | (44.64%) | Compare |
| Median of peers | $1.3B | — | — | +13.57% | — | −11.73% | 23.61% | (24.09%) |
Pay and ownership Proxy statement filed 24 April 2026
Ownership
Directors and executive officers, together
30.10%
Warren B. Kanders
27.10%
FMR LLC
8.90%
Blackrock, Inc
6.00%
Greenhouse Funds LLLP
5.80%
Capital International Investors
5.20%
Reinhart Partners, LLC
5.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement