CDLR revenueFY2025€620.35M
- FY YoY
- +149.4%
CDLR revenue was €620.35M for fiscal 2025 (ended Dec 31, 2025), up 149.4% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.
Cadeler plc (CDLR) financials
For fiscal 2025 (ended Dec 31, 2025), Cadeler plc reported €620.35M of revenue and €280.18M of net income. Figures are in EUR, the currency of its SEC filings.
- Revenue, FY2025
- €620.35M
- Revenue growth, YoY
- +149.4%
- Net income, FY2025
- €280.18M
- Net income growth, YoY
- +330.6%
- Net margin
- 45.2%
- Free cash flow, FY2025
- -€841.47M
- EPS, diluted, FY2025
- €0.79
- EPS growth, YoY
- +315.8%
- Cash
- €151.68M
- Total debt
- €1.49B
FY2021FY2025
FY2021FY2025
FY2021FY2025
CDLR revenue and earnings growth
CDLR net incomeFY2025€280.18M
- FY YoY
- +330.6%
CDLR net income was €280.18M for fiscal 2025 (ended Dec 31, 2025), up 330.6% from fiscal 2024. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.
CDLR EPSFY2025€0.79
- FY YoY
- +315.8%
CDLR diluted EPS was €0.79 for fiscal 2025 (ended Dec 31, 2025), up 315.8% from fiscal 2024.
CDLR free cash flowFY2025-€841.47M
CDLR free cash flow was -€841.47M for fiscal 2025 (ended Dec 31, 2025), compared with -€522.44M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | €620.35M | €248.74M | €108.62M | €106.42M | €60.94M |
| Cost of revenue | €236.75M | €124.23M | €59.86M | €49.54M | €38.88M |
| Gross profit | €383.60M | €124.51M | €48.76M | €56.89M | €22.06M |
| Selling, general and admin | €74.63M | €57.10M | €34.46M | €15.70M | €10.93M |
| Operating income | €317.74M | €69.44M | €14.44M | €41.19M | €11.13M |
| Interest expense | €37.38M | €7.20M | €4.49M | €9.68M | €5.49M |
| Pre-tax income | €287.86M | €67.48M | €11.50M | €35.54M | €7.44M |
| Income tax | €7.68M | €2.41M | €0 | - | -€13.0K |
| Net income | €280.18M | €65.07M | €11.50M | €35.54M | €7.45M |
| EPS, basic | €0.80 | €0.19 | €0.06 | €0.22 | €0.06 |
| EPS, diluted | €0.79 | €0.19 | €0.06 | €0.22 | €0.06 |
| Diluted shares | 354.7M | 347.0M | 203.2M | 163.9M | 131.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | €151.68M | €51.25M | €96.61M | €19.01M | €2.31M |
| Receivables | €139.03M | €62.99M | €30.55M | €18.23M | €19.53M |
| Inventory | €3.54M | €1.04M | €1.84M | €549.0K | €440.0K |
| Current assets | €389.96M | €181.41M | €147.45M | €59.51M | €24.62M |
| Total assets | €3.42B | €1.94B | €1.25B | €670.03M | €424.77M |
| Current liabilities | €351.08M | €123.65M | €53.62M | €11.80M | €53.86M |
| Long-term debt | €1.49B | €539.85M | €204.77M | €114.23M | €44.48M |
| Total debt | €1.49B | €539.85M | €204.77M | €114.23M | €44.48M |
| Total liabilities | €1.91B | €703.12M | €293.52M | €129.46M | €99.51M |
| Shareholders' equity | €1.50B | €1.23B | €959.04M | €540.57M | €325.26M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | €394.20M | €93.10M | €63.38M | €29.04M | €30.20M |
| Capital expenditures | €1.24B | €615.54M | €66.90M | €224.61M | €162.94M |
| Free cash flow | -€841.47M | -€522.44M | -€3.52M | -€195.57M | -€132.74M |
| Investing cash flow | -€1.26B | -€622.96M | -€54.73M | -€225.41M | -€163.38M |
| Financing cash flow | €967.69M | €481.99M | €70.27M | €213.07M | €71.85M |
| Share repurchases | €1.72M | €1.28M | €0 | - | - |
| Stock-based compensation | €2.07M | €1.66M | €1.13M | €352.0K | -€321.0K |
| Depreciation and amortization | €107.52M | €56.59M | €23.05M | €22.68M | €16.48M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 149.4% | 129.0% | 2.1% | 74.6% | - |
| Net income growth, YoY | 330.6% | 465.9% | -67.6% | 377.0% | - |
| EPS growth, YoY | 315.8% | - | -72.7% | 266.7% | - |
| Gross margin | 61.8% | 50.1% | 44.9% | 53.5% | 36.2% |
| Operating margin | 51.2% | 27.9% | 13.3% | 38.7% | 18.3% |
| Net margin | 45.2% | 26.2% | 10.6% | 33.4% | 12.2% |
| Free cash flow margin | -135.6% | -210.0% | -3.2% | -183.8% | -217.8% |
| Return on equity | 18.6% | 5.3% | 1.2% | 6.6% | 2.3% |
| Return on assets | 8.2% | 3.4% | 0.9% | 5.3% | 1.8% |
| Current ratio | 1.11 | 1.47 | 2.75 | 5.04 | 0.46 |
| Debt to equity | 0.99 | 0.44 | 0.21 | 0.21 | 0.14 |
Source: XBRL data Cadeler plc files with the SEC, latest filing dated Mar 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
CDLR peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CDLR | €620.35M | +149.4% | €280.18M | 45.2% | $649.4M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $95.67B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $87.50B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $39.77B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $39.00B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.06B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.38B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $10.11B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.23B |
CDLR FAQ
9 questionsWhat is CDLR revenue?
Cadeler plc (CDLR) reported €620.35M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 149.4% from the year before.Is CDLR profitable?
Yes. Cadeler plc earned €280.18M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 45.2%.How much cash and debt does CDLR have?
Cadeler plc reported €151.68M in cash and cash equivalents and €1.49B of debt on its most recent balance sheet in SEC filings.How fast is CDLR revenue growing?
Cadeler plc's revenue changed +149.4% in fiscal 2025, to €620.35M.What is CDLR gross margin?
Cadeler plc's gross profit was €383.60M on €620.35M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 61.8%.What is CDLR free cash flow?
Cadeler plc generated -€841.47M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of €394.20M less capital expenditures.What is CDLR earnings per share?
Diluted earnings per share were €0.79 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did CDLR last report financial results?
The latest statements here come from Cadeler plc's 20-F filed on Mar 24, 2026, covering the period ended Dec 31, 2025.Where does this CDLR financial data come from?
Quantisnow builds these statements from the structured XBRL data Cadeler plc files with the SEC. It is provided for information only and is not investment advice.