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 $578.8M — 1.9× the size. Cadre Holdings, Inc. trades at the lower P/E: 30.3× against 36.5×. Park Aerospace Corp. grew revenue faster over the last twelve months: 27.7% against 19.7%. Park Aerospace Corp. has the higher net margin (18.4% vs 5.26%) and the higher return on invested capital (22.1% vs 6.51%). Both pay a dividend; Park Aerospace Corp. yields more (1.90% vs 1.50%). Across the 23 metrics below, Park Aerospace Corp. leads on 14 and Cadre Holdings, Inc. on 9.

Valuation

Metric CDRE PKE Aerospace & Defense median
P/E 30.32 36.54 31.81
P/S 1.65 7.09 3.55
P/B 3.26 3.51 2.59
Price to free cash flow 14.44 49.93 31.99
EV/EBITDA 14.77 27.89 18.08
EV/Sales 2.11 6.53 3.37
Earnings yield 3.30% 2.74% 1.38%
Free cash flow yield 6.92% 2.00% 0.21%

Profitability

Metric CDRE PKE Aerospace & Defense median
Gross margin 41.79% 32.68% 25.48%
Operating margin 10.07% 21.06% 4.54%
Net margin 5.26% 18.43% 2.22%
Free cash flow margin 11.40% 14.21% 1.43%
Return on equity 10.62% 11.06% 6.43%
Return on assets 4.21% 10.19% 2.70%
Return on invested capital 6.51% 22.12% 1.56%

Growth

Metric CDRE PKE Aerospace & Defense median
Revenue growth (TTM) 19.74% 27.71% 18.43%
EPS growth (last fiscal year) 13.33% 93.10% 24.27%
Revenue growth, 5-year CAGR 8.57% 9.64% 9.73%
Net income growth, 5-year CAGR 2.80% 18.30% 0.00%

Health

Metric CDRE PKE Aerospace & Defense median
Debt to equity 1.08 0.00 0.24
Current ratio 2.14 22.75 2.72
Net debt to EBITDA 2.05 (5.82) 1.12

Dividend

Metric CDRE PKE Aerospace & Defense median
Dividend yield 1.50% 1.90% 0.90%
Payout ratio 0.46 0.69 0.32

Size

Metric CDRE PKE Aerospace & Defense median
Market cap 1.11b 578.76m 2.19b

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