Cadre Holdings Inc

Cadre Holdings Inc

CDRE · NYSE · Industrials / Aerospace & Defense

33.42USD+0.34 (+1.03%)

Price History

Full chart

Market Stats

Previous Close33.08
Open33.43
Day Range32.93 – 33.50
52-Week Range25.65 – 48.44
Volume335.91K
Market Cap1.12B
P/E (TTM)33.18
Forward P/E18.15
EPS0.79
Dividend Yield1.48%
Beta1.31
50-Day Avg30.54
200-Day Avg34.19

About

Cadre Holdings, Inc. manufactures and distributes safety equipment and other related products that provides protection to users in hazardous or life-threatening situations in the United States and internationally. It operates through two segments, Product and Distribution. The company offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products. It also provides third-party products, such as uniforms, optics, boots, firearms, and ammunition. In addition, the company designs, manufactures and services equipment, vessels, precision components and remote handling systems for the nuclear, defence, and oil and gas industries. It serves first responders, such as state and local law enforcement, fire and rescue, explosive ordnance disposal technicians, emergency medical technicians, fishing, and wildlife enforcement and departments of corrections, as well as federal agencies, including the U.S. Department of State, U.S. Department of Defense, U.S. Department of Interior, U.S. Department of Justice, U.S. Department of Homeland Security, U.S. Department of Corrections, the Department of Energy, and various foreign government agencies. The company sells its products through its direct sales force, distribution channels and distribution partners/agents, online stores, and third-party resellers. Cadre Holdings, Inc. was founded in 1964 and is headquartered in Jacksonville, Florida.

Company Details

  • SectorIndustrials
  • IndustryAerospace & Defense
  • CEOMr. Warren B. Kanders
  • Employees2.53K
  • Headquarters13386 International Parkway, Jacksonville, FL, United States, 32218, USA
  • Websitehttps://www.cadre-holdings.com

Leadership

  • Mr. Warren B. KandersExecutive Chairman & CEO · b. 1958
  • Mr. Brad E. WilliamsPresident · b. 1975
  • Mr. Blaine BrowersChief Financial Officer · b. 1980
  • Gray HudkinsSecretary

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue420.74M404.64M427.29M457.84M482.53M567.56M610.31M
Growth (%)--3.83%+5.60%+7.15%+5.39%+17.62%+7.53%
Cost of Revenue274.70M251.70M256.60M282.16M281.81M334.08M358.58M
Gross Profit146.04M152.94M170.69M175.68M200.73M233.48M251.72M
Gross Margin34.71%37.80%39.95%38.37%41.60%41.14%41.25%
Operating Expense118.65M103.13M118.97M158.96M144.21M166.72M176.68M
Operating Income27.38M49.80M51.72M16.72M56.52M66.76M75.05M
Operating Margin6.51%12.31%12.10%3.65%11.71%11.76%12.30%
EBITDA43.22M67.00M49.34M31.23M73.19M78.46M93.11M
EBITDA Margin10.27%16.56%11.55%6.82%15.17%13.82%15.26%
Net Income-1.93M38.45M12.66M5.82M38.64M36.13M44.14M
Net Income Margin-0.46%9.50%2.96%1.27%8.01%6.37%7.23%
R&D9.16M9.33M12.36M8.72M6.95M-11.40M
R&D as % of Total Revenue2.18%2.31%2.89%1.91%1.44%-1.87%
Interest Expense29.85M24.39M16.43M6.21M4.53M7.82M11.83M
Interest Expense % of Total Revenue7.09%6.03%3.84%1.36%0.94%1.38%1.94%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets307.33M283.28M311.80M391.95M431.18M652.71M770.03M
Total Liabilities337.36M274.43M223.16M226.06M234.02M341.20M452.23M
Total Equity-30.02M8.85M88.64M165.89M197.16M311.51M317.80M
Cash2.52M2.87M33.86M45.29M87.69M124.93M122.90M
Total Debt274.64M212.81M159.69M158.43M146.83M238.76M327.83M
Net Debt272.12M209.93M125.83M113.14M59.14M113.83M204.94M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.41M45.42M40.09M46.41M73.21M31.78M63.70M
Investing Cash Flow26.37M19.78M-2.83M-59.63M-6.52M-147.43M-96.37M
Financing Cash Flow-32.42M-64.90M-6.60M24.46M-24.72M152.67M31.59M
Capital Expenditure3.08M4.71M2.83M4.49M6.73M5.67M6.86M
Free Cash Flow4.33M40.71M37.26M41.91M66.48M26.11M56.85M
Dividends Paid12.75M12.75M12.75M11.51M12.01M13.95M15.45M
FCF to OCF58.43%89.63%92.94%90.32%90.81%82.16%89.24%
Dividend Paid to FCF294.34%31.32%34.22%27.46%18.06%53.42%27.17%

Earnings

Report DateJul 27, 2021Dec 2, 2021Mar 10, 2022May 12, 2022Aug 11, 2022Nov 10, 2022Mar 15, 2023May 9, 2023Aug 8, 2023Nov 8, 2023Mar 5, 2024May 7, 2024Aug 9, 2024Nov 6, 2024Mar 11, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Mar 11, 2026May 11, 2026Aug 5, 2026Nov 3, 2026
EPS Estimate0.240.220.180.200.190.180.210.130.150.220.180.260.290.100.490.160.300.280.410.090.290.33
EPS Actual1.110.210.14-0.270.210.240.170.180.300.310.250.330.340.100.320.260.320.380.290.180.26-
Surprise362.50%-4.55%-22.22%-235.00%10.53%33.33%-19.05%38.46%100.00%40.91%38.89%26.92%17.24%0.00%-34.69%62.50%6.67%35.71%-28.52%100.00%-10.34%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.12B
Enterprise Value1.49B
Trailing P/E33.18
Forward P/E18.15
Price / Sales1.64
Price / Book3.30
EPS0.79
Book Value8.10
Revenue (TTM)685.65M
Gross Profit (TTM)292.41M
EBITDA105.89M
Profit Margin5.26%
Operating Margin12.69%
Return on Equity10.62%
Return on Assets6.13%
Shares Outstanding42.82M
Shares Float28.35M
Beta1.31
Dividend Yield1.48%
Dividend Rate0.40
Payout Ratio35.45%

Analyst Ratings

Buy
Based on 7 analystsTarget 47.50
  • Strong Buy
    4
  • Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
79.34%
Insiders
27.74%
Retail / Other
0.00%

Top Institutional Holders

  • FMR Inc
    3.32M7.75%
  • Greenhouse Funds LLLP
    2.87M6.70%
  • Reinhart Mahoney Capital Management Inc
    2.74M6.39%
  • BlackRock Inc
    2.63M6.13%
  • Capital Research & Mgmt Co - Division 3
    1.62M3.79%
  • State Street Corp
    1.40M3.26%
  • Vanguard Capital Management, LLC
    1.25M2.91%
  • Capital World Investors
    1.21M2.81%
  • Wynnefield Capital Inc
    1.21M2.81%
  • Select Equity Group LP
    1.18M2.76%
  • GW&K Investment Management, LLC
    1.05M2.45%
  • Brown Advisory Holdings Inc
    855.95K2.00%
  • Dimensional Fund Advisors, Inc.
    828.52K1.93%
  • Morgan Stanley - Brokerage Accounts
    751.80K1.76%
  • Geode Capital Management, LLC
    686.85K1.60%

Top Fund Holders

  • American Funds SMALLCAP World A
    3.42M7.98%
  • Stt Strt® SPDR® S&P® Arspc & Dfnc ETF
    1.23M2.88%
  • Vanguard MStar Total Stk Mkt Idx Invest
    943.85K2.20%
  • iShares Russell 2000 ETF
    795.94K1.86%
  • Fidelity Low-Priced Stock
    701.03K1.64%

Dividends

20264×
0.10Oct 30, 20260.10Jul 31, 20260.10May 1, 20260.10Jan 30, 2026
20254×
0.10Oct 31, 20250.10Aug 1, 20250.10May 2, 20250.10Jan 31, 2025
20244×
0.09Nov 1, 20240.09Aug 2, 20240.09May 2, 20240.09Feb 1, 2024
20234×
0.08Nov 2, 20230.08Aug 3, 20230.08May 4, 20230.08Feb 2, 2023
20224×
0.08Oct 31, 20220.08Jul 29, 20220.08Apr 29, 20220.08Feb 3, 2022
20211×
0.08Nov 19, 2021