Cadre Hldgs Inc Financials
Cadre Hldgs Inc (CDRE) reported $610.3M in revenue for fiscal year 2025, up 7.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cadre’s recent growth engine looks balance-sheet funded, adding revenue while keeping operating margins parked near 11% .
Between FY2023 and FY2025, goodwill more than doubled to$181.4M while long-term debt climbed to$291.0M , a pattern more consistent with purchased expansion than purely internal scaling. What makes that notable is that operating cash flow still recovered to$63.7M from$31.8M in FY2024, so the cash dip looks more like integration and working-capital friction than a lasting break in earnings quality.
Gross margin improved to
Liquidity looks comfortable, with a current ratio of 3.5x and cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cadre Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cadre Hldgs Inc has an operating margin of 11.0%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 11.8% the prior year.
Cadre Hldgs Inc's revenue grew 7.5% year-over-year to $610.3M, a solid pace of expansion. This earns a growth score of 71/100.
Cadre Hldgs Inc has a moderate D/E ratio of 0.92. This balance of debt and equity financing earns a leverage score of 31/100.
With a current ratio of 3.50, Cadre Hldgs Inc holds $3.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.
Cadre Hldgs Inc has a free cash flow margin of 9.3%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Cadre Hldgs Inc earns a strong 13.9% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is up from 11.6% the prior year.
Cadre Hldgs Inc scores 3.49, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.5B) relative to total liabilities ($452.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cadre Hldgs Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cadre Hldgs Inc generates $1.44 in operating cash flow ($63.7M OCF vs $44.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Cadre Hldgs Inc generated $610.3M in revenue in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Cadre Hldgs Inc's EBITDA was $86.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.4% from the prior year.
Cadre Hldgs Inc reported $44.1M in net income in fiscal year 2025. This represents an increase of 22.2% from the prior year.
Cadre Hldgs Inc earned $1.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.3% from the prior year.
Cash & Balance Sheet
Cadre Hldgs Inc generated $56.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 117.7% from the prior year.
Cadre Hldgs Inc held $122.9M in cash against $291.0M in long-term debt as of fiscal year 2025.
Cadre Hldgs Inc paid $0.10 per share in dividends in fiscal year 2025. This represents an increase of 8.6% from the prior year.
Margins & Returns
Cadre Hldgs Inc's gross margin was 42.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Cadre Hldgs Inc's operating margin was 11.0% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.
Cadre Hldgs Inc's net profit margin was 7.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.
Cadre Hldgs Inc's ROE was 13.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Capital Allocation
Cadre Hldgs Inc invested $11.4M in research and development in fiscal year 2025. This represents an increase of 36.0% from the prior year.
Cadre Hldgs Inc invested $6.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.0% from the prior year.
Not reported for fiscal year 2025.
CDRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $685.6M | $610.3M+7.5% | $567.6M+17.6% | $482.5M+5.4% | $457.8M+7.1% | $427.3M+5.6% | $404.6M |
| Cost of Revenue | $399.1M | $350.7M+5.0% | $334.1M+18.5% | $281.8M-0.1% | $282.2M+10.0% | $256.6M+1.9% | $251.7M |
| Gross Profit | $286.5M | $259.6M+11.2% | $233.5M+16.3% | $200.7M+14.3% | $175.7M+2.9% | $170.7M+11.6% | $152.9M |
| R&D Expenses | N/A | $11.4M+36.0% | $8.4M+20.5% | $7.0M-1.9% | $7.1M+9.7% | $6.5M+14.7% | $5.6M |
| SG&A Expenses | $208.3M | $183.1M+15.7% | $158.3M+12.7% | $140.5M-8.2% | $153.1M+33.2% | $115.0M+7.8% | $106.6M |
| Operating Income | $69.1M | $67.4M+0.9% | $66.8M+18.1% | $56.5M+238.1% | $16.7M-67.7% | $51.7M+3.8% | $49.8M |
| Interest Expense | N/A | N/A | $7.8M+72.6% | $4.5M-27.0% | $6.2M-62.2% | $16.4M-32.7% | $24.4M |
| Income Tax | $16.2M | $18.2M+0.6% | $18.1M+26.6% | $14.3M+302.0% | $3.6M-45.6% | $6.5M+161.7% | -$10.6M |
| Net Income | $36.1M | $44.1M+22.2% | $36.1M-6.5% | $38.6M+563.9% | $5.8M-54.0% | $12.7M-67.1% | $38.5M |
| EPS (Diluted) | — | $1.02+13.3% | $0.90-11.8% | $1.02+537.5% | $0.16-63.6% | $0.44-68.6% | $1.40 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CDRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $770.0M+18.0% | $652.7M+51.4% | $431.2M+10.0% | $392.0M+25.7% | $311.8M+10.1% | $283.3M |
| Current Assets | $365.9M+11.7% | $327.6M+33.2% | $245.8M+24.8% | $197.0M+23.2% | $160.0M+36.2% | $117.5M |
| Cash & Equivalents | $122.9M-1.6% | $124.9M+42.5% | $87.7M+93.6% | $45.3M+33.8% | $33.9M+1078.5% | $2.9M |
| Inventory | $100.3M+21.8% | $82.4M+1.7% | $81.0M+15.2% | $70.3M+9.8% | $64.0M+5.0% | $60.9M |
| Accounts Receivable | $110.6M+18.3% | $93.5M+60.3% | $58.4M-9.6% | $64.6M+33.5% | $48.3M+10.8% | $43.6M |
| Goodwill | $181.4M+22.4% | $148.2M+81.4% | $81.7M+0.1% | $81.6M+23.1% | $66.3M-0.1% | $66.3M |
| Total Liabilities | $452.2M+32.5% | $341.2M+45.8% | $234.0M+3.5% | $226.1M+1.3% | $223.2M-18.7% | $274.4M |
| Current Liabilities | $104.5M+11.0% | $94.1M-1.1% | $95.2M+20.6% | $78.9M+5.8% | $74.6M+19.4% | $62.5M |
| Long-Term Debt | $291.0M+37.4% | $211.8M+65.7% | $127.8M-7.0% | $137.5M-6.2% | $146.5M-30.0% | $209.3M |
| Total Equity | $317.8M+2.0% | $311.5M+58.0% | $197.2M+18.9% | $165.9M+87.2% | $88.6M+901.5% | $8.9M |
| Retained Earnings | $34.8M+472.0% | $6.1M+137.7% | -$16.1M+62.3% | -$42.7M-15.4% | -$37.1M-0.2% | -$37.0M |
CDRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $88.4M | $63.7M+100.5% | $31.8M-56.6% | $73.2M+57.7% | $46.4M+15.8% | $40.1M-11.7% | $45.4M |
| Capital Expenditures | $10.3M | $6.9M+21.0% | $5.7M-15.7% | $6.7M+49.7% | $4.5M+58.7% | $2.8M-39.8% | $4.7M |
| Free Cash Flow | $78.1M | $56.8M+117.7% | $26.1M-60.7% | $66.5M+58.6% | $41.9M+12.5% | $37.3M-8.5% | $40.7M |
| Investing Cash Flow | -$174.0M | -$96.4M+34.6% | -$147.4M-2161.1% | -$6.5M+89.1% | -$59.6M-2005.4% | -$2.8M-114.3% | $19.8M |
| Financing Cash Flow | $5.9M | $31.6M-79.3% | $152.7M+717.5% | -$24.7M-201.1% | $24.5M+470.9% | -$6.6M+89.8% | -$64.9M |
| Dividends Paid | $16.3M | $15.4M+10.8% | $13.9M+16.2% | $12.0M+4.3% | $11.5M-9.7% | $12.8M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CDRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 42.5%+1.4pp | 41.1%-0.5pp | 41.6%+3.2pp | 38.4%-1.6pp | 40.0%+2.2pp | 37.8% |
| Operating Margin | 11.0%-0.7pp | 11.8%+0.1pp | 11.7%+8.1pp | 3.6%-8.4pp | 12.1%-0.2pp | 12.3% |
| Net Margin | 7.2%+0.9pp | 6.4%-1.6pp | 8.0%+6.7pp | 1.3%-1.7pp | 3.0%-6.5pp | 9.5% |
| Return on Equity | 13.9%+2.3pp | 11.6%-8.0pp | 19.6%+16.1pp | 3.5%-10.8pp | 14.3%-420.2pp | 434.4% |
| Return on Assets | 5.7%+0.2pp | 5.5%-3.4pp | 9.0%+7.5pp | 1.5%-2.6pp | 4.1%-9.5pp | 13.6% |
| Current Ratio | 3.500.0x | 3.48+0.9x | 2.58+0.1x | 2.50+0.4x | 2.14+0.3x | 1.88 |
| Debt-to-Equity | 0.92+0.2x | 0.680.0x | 0.65-0.2x | 0.83-0.8x | 1.65-22.0x | 23.65 |
| FCF Margin | 9.3%+4.7pp | 4.6%-9.2pp | 13.8%+4.6pp | 9.2%+0.4pp | 8.7%-1.3pp | 10.1% |
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Where Cadre Hldgs Inc Ranks
Frequently Asked Questions
What is Cadre Hldgs Inc's annual revenue?
Cadre Hldgs Inc (CDRE) reported $610.3M in total revenue for fiscal year 2025. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cadre Hldgs Inc's revenue growing?
Cadre Hldgs Inc (CDRE) revenue grew by 7.5% year-over-year, from $567.6M to $610.3M in fiscal year 2025.
Is Cadre Hldgs Inc profitable?
Yes, Cadre Hldgs Inc (CDRE) reported a net income of $44.1M in fiscal year 2025, with a net profit margin of 7.2%.
What is Cadre Hldgs Inc's EBITDA?
Cadre Hldgs Inc (CDRE) had EBITDA of $86.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cadre Hldgs Inc have?
As of fiscal year 2025, Cadre Hldgs Inc (CDRE) had $122.9M in cash and equivalents against $291.0M in long-term debt.
What is Cadre Hldgs Inc's gross margin?
Cadre Hldgs Inc (CDRE) had a gross margin of 42.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cadre Hldgs Inc's operating margin?
Cadre Hldgs Inc (CDRE) had an operating margin of 11.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cadre Hldgs Inc's net profit margin?
Cadre Hldgs Inc (CDRE) had a net profit margin of 7.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Cadre Hldgs Inc pay dividends?
Yes, Cadre Hldgs Inc (CDRE) paid $0.10 per share in dividends during fiscal year 2025.
What is Cadre Hldgs Inc's return on equity (ROE)?
Cadre Hldgs Inc (CDRE) has a return on equity of 13.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cadre Hldgs Inc's free cash flow?
Cadre Hldgs Inc (CDRE) generated $56.8M in free cash flow during fiscal year 2025. This represents a 117.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cadre Hldgs Inc's operating cash flow?
Cadre Hldgs Inc (CDRE) generated $63.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cadre Hldgs Inc's total assets?
Cadre Hldgs Inc (CDRE) had $770.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cadre Hldgs Inc's capital expenditures?
Cadre Hldgs Inc (CDRE) invested $6.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cadre Hldgs Inc spend on research and development?
Cadre Hldgs Inc (CDRE) invested $11.4M in research and development during fiscal year 2025.
What is Cadre Hldgs Inc's current ratio?
Cadre Hldgs Inc (CDRE) had a current ratio of 3.50 as of fiscal year 2025, which is generally considered healthy.
What is Cadre Hldgs Inc's debt-to-equity ratio?
Cadre Hldgs Inc (CDRE) had a debt-to-equity ratio of 0.92 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cadre Hldgs Inc's return on assets (ROA)?
Cadre Hldgs Inc (CDRE) had a return on assets of 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cadre Hldgs Inc's Altman Z-Score?
Cadre Hldgs Inc (CDRE) has an Altman Z-Score of 3.49, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cadre Hldgs Inc's Piotroski F-Score?
Cadre Hldgs Inc (CDRE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cadre Hldgs Inc's earnings high quality?
Cadre Hldgs Inc (CDRE) has an earnings quality ratio of 1.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cadre Hldgs Inc?
Cadre Hldgs Inc (CDRE) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.