Cadre Holdings, Inc. (CDRE) vs Eve Holding, Inc. (EVEX)

Cadre Holdings, Inc. and Eve Holding, Inc. are both Aerospace & Defense companies. Cadre Holdings, Inc. is the larger, with a market value of $1.1B against $756.2M — 1.5× the size. Eve Holding, Inc. has negative trailing earnings, so its P/E is not meaningful; Cadre Holdings, Inc. trades at 30.3×. Cadre Holdings, Inc. has the higher net margin (5.26% vs 0.00%) and the higher return on invested capital (6.51% vs −49.8%). Across the 15 metrics below, Cadre Holdings, Inc. leads on 13 and Eve Holding, Inc. on 2.

Valuation

Metric CDRE EVEX Aerospace & Defense median
P/E 30.33 n/m 33.00
P/S 1.65 n/m 3.63
P/B 3.26 33.44 3.24
Price to free cash flow 14.45 n/m 34.01
EV/EBITDA 14.77 n/m 18.69
EV/Sales 2.11 n/m 3.94
Earnings yield 3.30% (28.57%) 1.31%
Free cash flow yield 6.92% (27.34%) 0.00%

Profitability

Metric CDRE EVEX Aerospace & Defense median
Gross margin 41.79% 0.00% 25.48%
Operating margin 10.07% 0.00% 4.54%
Net margin 5.26% 0.00% 2.22%
Free cash flow margin 11.40% 0.00% 0.00%
Return on equity 10.62% (1,179.18%) 6.43%
Return on assets 4.21% (59.50%) 2.70%
Return on invested capital 6.51% (49.77%) 1.56%

Growth

Metric CDRE EVEX Aerospace & Defense median
Revenue growth (TTM) 19.74% — 18.43%
EPS growth (last fiscal year) 13.33% (45.83%) —
Revenue growth, 5-year CAGR 8.57% — 9.62%
Net income growth, 5-year CAGR 2.80% 0.00% 0.00%

Health

Metric CDRE EVEX Aerospace & Defense median
Debt to equity 1.08 13.90 0.24
Current ratio 2.14 3.48 2.72
Net debt to EBITDA 2.05 (0.34) 1.12

Dividend

Metric CDRE EVEX Aerospace & Defense median
Dividend yield 0.93% — 1.04%
Payout ratio 0.40 0.00 0.00

Size

Metric CDRE EVEX Aerospace & Defense median
Market cap 1.12b 756.22m 2.52b

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