Cadre Holdings, Inc. (CDRE) vs Smith & Wesson Brands, Inc. (SWBI)

Cadre Holdings, Inc. and Smith & Wesson Brands, Inc. are both Aerospace & Defense companies. Cadre Holdings, Inc. is the larger, with a market value of $1.1B against $628.5M — 1.8× the size. Smith & Wesson Brands, Inc. trades at the lower P/E: 26.4× against 30.3×. Cadre Holdings, Inc. grew revenue faster over the last twelve months: 19.7% against 17.0%. Cadre Holdings, Inc. has the higher net margin (5.26% vs 4.44%) and the higher return on invested capital (6.51% vs 5.42%). Both pay a dividend; Smith & Wesson Brands, Inc. yields more (3.37% vs 0.93%). Across the 23 metrics below, Smith & Wesson Brands, Inc. leads on 15 and Cadre Holdings, Inc. on 8.

Valuation

Metric CDRE SWBI Aerospace & Defense median
P/E 30.33 26.39 33.00
P/S 1.65 1.16 3.63
P/B 3.26 1.71 3.24
Price to free cash flow 14.45 7.77 34.01
EV/EBITDA 14.77 10.24 18.69
EV/Sales 2.11 1.24 3.94
Earnings yield 3.30% 3.79% 1.31%
Free cash flow yield 6.92% 12.86% 0.00%

Profitability

Metric CDRE SWBI Aerospace & Defense median
Gross margin 41.79% 27.44% 25.48%
Operating margin 10.07% 6.60% 4.54%
Net margin 5.26% 4.44% 2.22%
Free cash flow margin 11.40% 14.92% 0.00%
Return on equity 10.62% 6.63% 6.43%
Return on assets 4.21% 4.54% 2.70%
Return on invested capital 6.51% 5.42% 1.56%

Growth

Metric CDRE SWBI Aerospace & Defense median
Revenue growth (TTM) 19.74% 16.96% 18.43%
EPS growth (last fiscal year) 13.33% 36.67% —
Revenue growth, 5-year CAGR 8.57% (13.13%) 9.62%
Net income growth, 5-year CAGR 2.80% (40.70%) 0.00%

Health

Metric CDRE SWBI Aerospace & Defense median
Debt to equity 1.08 0.19 0.24
Current ratio 2.14 3.62 2.72
Net debt to EBITDA 2.05 0.30 1.12

Dividend

Metric CDRE SWBI Aerospace & Defense median
Dividend yield 0.93% 3.37% 1.04%
Payout ratio 0.40 0.53 0.00

Size

Metric CDRE SWBI Aerospace & Defense median
Market cap 1.12b 628.47m 2.52b

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