Applied Aerospace & Defense, Inc. (AADX) vs Cadre Holdings, Inc. (CDRE)

Applied Aerospace & Defense, Inc. and Cadre Holdings, Inc. are both Aerospace & Defense companies. Applied Aerospace & Defense, Inc. is the larger, with a market value of $1.9B against $1.3B — 1.4× the size. Applied Aerospace & Defense, Inc. has negative trailing earnings, so its P/E is not meaningful; Cadre Holdings, Inc. trades at 35.9×. Cadre Holdings, Inc. has the higher net margin (5.26% vs −34.4%) and the higher return on invested capital (6.51% vs −3.69%). Across the 16 metrics below, Cadre Holdings, Inc. leads on 12 and Applied Aerospace & Defense, Inc. on 4.

Valuation

Metric AADX CDRE Aerospace & Defense median
P/E n/m 35.86 31.60
P/S 3.14 1.95 3.36
P/B 1.99 3.85 2.99
Price to free cash flow n/m 17.08 33.23
EV/EBITDA n/m 16.88 19.00
EV/Sales 3.92 2.41 3.37
Earnings yield (656,473.99%) 2.79% 0.90%
Free cash flow yield (7.54%) 5.85% 0.00%

Profitability

Metric AADX CDRE Aerospace & Defense median
Gross margin 25.40% 41.79% 25.95%
Operating margin (13.91%) 10.07% 1.21%
Net margin (34.42%) 5.26% 2.11%
Free cash flow margin (23.64%) 11.40% 0.00%
Return on equity 0.00% 10.62% 2.67%
Return on assets 0.00% 4.21% 1.90%
Return on invested capital (3.69%) 6.51% 0.25%

Growth

Metric AADX CDRE Aerospace & Defense median
Revenue growth (TTM) — 19.74% 18.25%
EPS growth (last fiscal year) 51.03% 13.33% 24.80%
Revenue growth, 5-year CAGR — 8.57% 9.73%
Net income growth, 5-year CAGR — 2.80% 0.00%

Health

Metric AADX CDRE Aerospace & Defense median
Debt to equity 0.52 1.08 0.18
Current ratio 2.51 2.14 2.85
Net debt to EBITDA 6.60 2.05 1.29

Dividend

Metric AADX CDRE Aerospace & Defense median
Dividend yield — 1.28% 0.87%
Payout ratio — 0.47 0.30

Size

Metric AADX CDRE Aerospace & Defense median
Market cap 1.91b 1.33b 1.94b

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