Cadre Holdings (CDRE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cadre Holdings

NYSE•Industrials•Aerospace & Defense

$28.58-0.19(-0.01%)Pre-market

Market Cap

$1.13B

P/E

31.4x

P/S

1.6x

P/B

3.3x

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.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability15/25

Growth16/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 31.4x5y range 28.1x – 129.4x

Currently near its 17-quarter median.

P/S · 1.6x5y range 1.0x – 3.0x

Currently near its 17-quarter median.

P/B · 3.3x5y range 3.3x – 57.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 5.4% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.13B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $685.65M
Q. Revenue: $207.13M
TTM EBITDA: $91.07M
TTM Op. Income: $69.07M
Q. Op. Income: $22.46M
TTM Net Income: $36.06M
Q. Net Income: $11.41M
EPS: $0.27
Shares Out.: $42.81M

$685.65M in TTM revenue grew 19.7% YoY, reaching $207.13M last quarter. TTM EBITDA of $91.07M and TTM operating income of $69.07M show growth is flowing through to the bottom line. TTM net income of $36.06M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 42.1%
EBITDA Margin: 13.8%
Op. Margin: 10.8%
Net Margin: 5.5%

Op. margin of 10.8% is up 1.5% YoY — cost efficiency is improving. Net margin at 5.5% and gross margin of 42.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 31.4x
P/S Ratio: 1.6x
P/B Ratio: 3.3x

At 31.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.6x and P/B of 3.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $917.30M
Cash: $53.98M
Long-Term Debt: $354.32M
Book Value: $346.80M
D/E Ratio: 1.0
Debt/EBITDA: 12.4

With $917.30M in assets and $354.32M in long-term debt, D/E is 1.0and book value is $346.80M — moderate leverage. Over the past year, debt/equity is up 14% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.13M
TTM Free Cash Flow: $78.12M
FCF Margin: 11.4%
FCF / Net Income: 2.2

TTM FCF of $78.12M on $22.13M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.