Cadre Holdings, Inc. (CDRE) vs Park Aerospace Corp. (PKE)

Cadre Holdings, Inc. and Park Aerospace Corp. are both Aerospace & Defense companies. Cadre Holdings, Inc. is the larger, with a market value of $1.1B against $645.1M — 1.7× the size. Cadre Holdings, Inc. trades at the lower P/E: 30.3× against 47.8×. Park Aerospace Corp. grew revenue faster over the last twelve months: 20.1% against 19.7%. Park Aerospace Corp. has the higher net margin (16.7% vs 5.26%) and the higher return on invested capital (22.7% vs 6.51%). Both pay a dividend; Park Aerospace Corp. yields more (3.43% vs 0.93%). Across the 23 metrics below, Park Aerospace Corp. leads on 13 and Cadre Holdings, Inc. on 10.

Valuation

Metric CDRE PKE Aerospace & Defense median
P/E 30.33 47.79 33.00
P/S 1.65 8.25 3.63
P/B 3.26 4.80 3.24
Price to free cash flow 14.45 57.36 34.01
EV/EBITDA 14.77 31.81 18.69
EV/Sales 2.11 7.08 3.94
Earnings yield 3.30% 2.09% 1.31%
Free cash flow yield 6.92% 1.74% 0.00%

Profitability

Metric CDRE PKE Aerospace & Defense median
Gross margin 41.79% 31.92% 25.48%
Operating margin 10.07% 19.81% 4.54%
Net margin 5.26% 16.70% 2.22%
Free cash flow margin 11.40% 14.38% 0.00%
Return on equity 10.62% 10.79% 6.43%
Return on assets 4.21% 9.60% 2.70%
Return on invested capital 6.51% 22.69% 1.56%

Growth

Metric CDRE PKE Aerospace & Defense median
Revenue growth (TTM) 19.74% 20.10% 18.43%
EPS growth (last fiscal year) 13.33% 93.10% —
Revenue growth, 5-year CAGR 8.57% 6.47% 9.62%
Net income growth, 5-year CAGR 2.80% 5.90% 0.00%

Health

Metric CDRE PKE Aerospace & Defense median
Debt to equity 1.08 0.00 0.24
Current ratio 2.14 15.29 2.72
Net debt to EBITDA 2.05 (5.82) 1.12

Dividend

Metric CDRE PKE Aerospace & Defense median
Dividend yield 0.93% 3.43% 1.04%
Payout ratio 0.40 0.82 0.00

Size

Metric CDRE PKE Aerospace & Defense median
Market cap 1.12b 645.14m 2.52b

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