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Financials · CDRE

Cadre Holdings Inc. (CDRE) financials

For the twelve months ended Sep 30, 2026, Cadre Holdings Inc. reported $732.65M of revenue and $41.11M of net income.

Revenue, TTM
$732.65M
Revenue growth, YoY
+18.3%
Net income, TTM
$41.11M
Net income growth, YoY
-9.4%
Net margin
5.6%
Free cash flow, TTM
$76.36M
EPS, diluted, TTM
$0.90
EPS growth, YoY
-19.6%
Cash
$63.92M
Total debt
$369.48M
P/E
35.69
P/S
2.00
Market cap
$1.47B
Annual revenue$610.31M
FY2020FY2025
Annual net income$44.14M
FY2020FY2025
Annual free cash flow$56.85M
FY2020FY2025

CDRE revenue and earnings growth

CDRE revenueQ3 2026$202.88M

Quarter YoY
+30.2%
QoQ
-2.1%
FY YoY
+7.5%
5Y CAGR
+8.6%

CDRE revenue was $202.88M in fiscal Q3 2026 (ended Sep 30, 2026), up 30.2% from a year earlier and down 2.1% from the prior quarter. For the full fiscal 2025 it was $610.31M, up 7.5% from fiscal 2024. Compound annual growth was +8.6% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

CDRE net incomeQ3 2026$15.98M

Quarter YoY
+46.1%
QoQ
+40.1%
FY YoY
+22.2%
5Y CAGR
+2.8%

CDRE net income was $15.98M in fiscal Q3 2026 (ended Sep 30, 2026), up 46.1% from a year earlier and up 40.1% from the prior quarter. For the full fiscal 2025 it was $44.14M, up 22.2% from fiscal 2024. Compound annual growth was +2.8% over 5 years. It rose in 2 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

CDRE EPSQ3 2026$0.37

Quarter YoY
+37.0%
QoQ
+42.3%
FY YoY
+13.3%
5Y CAGR
-6.1%

CDRE diluted EPS was $0.37 in fiscal Q3 2026 (ended Sep 30, 2026), up 37.0% from a year earlier and up 42.3% from the prior quarter. For the full fiscal 2025 it was $1.02, up 13.3% from fiscal 2024. Compound annual growth was -6.1% over 5 years.

CDRE free cash flowQ3 2026$19.86M

Quarter YoY
-8.2%
QoQ
+6.3%
FY YoY
+117.7%
5Y CAGR
+6.9%

CDRE free cash flow was $19.86M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.2% from a year earlier and up 6.3% from the prior quarter. For the full fiscal 2025 it was $56.85M, up 117.7% from fiscal 2024. Compound annual growth was +6.9% over 5 years. It rose in 3 of the last 5 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$610.31M$567.56M$482.53M$457.84M$427.29M$404.64M
Cost of revenue$350.68M$334.08M$281.81M$282.16M$256.60M$251.70M
Gross profit$259.63M$233.48M$200.73M$175.68M$170.69M$152.94M
Research and development$11.40M$8.38M$6.95M$7.09M$6.46M$5.63M
Selling, general and admin$183.13M$158.32M$140.52M$153.13M$114.96M$106.63M
Operating income$67.35M$66.76M$56.52M$16.72M$51.72M$49.80M
Interest expense-$7.82M$4.53M$6.21M$16.43M$24.39M
Pre-tax income$62.33M$54.22M$52.92M$9.37M$19.19M$27.88M
Income tax$18.19M$18.09M$14.28M$3.55M$6.53M-$10.58M
Net income$44.14M$36.13M$38.64M$5.82M$12.66M$38.45M
EPS, basic$1.08$0.90$1.03$0.16$0.44$1.40
EPS, diluted$1.02$0.90$1.02$0.16$0.44$1.40
Diluted shares43.4M40.3M37.9M36.1M28.6M27.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$122.90M$124.93M$87.69M$45.29M$33.86M$2.87M
Receivables$110.61M$93.52M$58.36M$64.56M$48.34M$43.65M
Inventory$100.26M$82.35M$80.98M$70.27M$63.98M$60.92M
Current assets$365.87M$327.57M$245.84M$197.02M$159.98M$117.47M
Goodwill$181.41M$148.16M$81.67M$81.58M$66.26M$66.31M
Total assets$770.03M$652.71M$431.18M$391.95M$311.80M$283.28M
Current liabilities$104.50M$94.13M$95.21M$78.92M$74.62M$62.48M
Short-term debt$16.27M$11.38M$12.32M$12.21M$13.17M$3.50M
Long-term debt$290.99M$211.83M$127.81M$137.48M$146.52M$209.31M
Total debt$307.25M$223.21M$140.13M$149.69M$159.69M$212.81M
Total liabilities$452.23M$341.20M$234.02M$226.06M$223.16M$274.43M
Shareholders' equity$317.80M$311.51M$197.16M$165.89M$88.64M$8.85M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$63.70M$31.78M$73.21M$46.41M$40.09M$45.42M
Capital expenditures$6.86M$5.67M$6.73M$4.49M$2.83M$4.71M
Free cash flow$56.85M$26.11M$66.48M$41.91M$37.26M$40.71M
Investing cash flow-$96.37M-$147.43M-$6.52M-$59.63M-$2.83M$19.78M
Financing cash flow$31.59M$152.67M-$24.72M$24.46M-$6.60M-$64.90M
Dividends paid$15.45M$13.95M$12.01M$11.51M$12.75M-
Stock-based compensation$12.24M$8.37M$9.37M$31.86M$355.0K-
Depreciation and amortization$18.63M$16.42M$15.74M$15.65M$13.72M$14.73M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY7.5%17.6%5.4%7.1%5.6%-
Net income growth, YoY22.2%-6.5%563.9%-54.0%-67.1%-
EPS growth, YoY13.3%-11.8%537.5%-63.6%-68.6%-
Gross margin42.5%41.1%41.6%38.4%39.9%37.8%
Operating margin11.0%11.8%11.7%3.7%12.1%12.3%
Net margin7.2%6.4%8.0%1.3%3.0%9.5%
Free cash flow margin9.3%4.6%13.8%9.2%8.7%10.1%
Return on equity13.9%11.6%19.6%3.5%14.3%434.4%
Return on assets5.7%5.5%9.0%1.5%4.1%13.6%
Current ratio3.503.482.582.502.141.88
Debt to equity0.970.720.710.901.8024.04

Source: XBRL data Cadre Holdings Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

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.

CDRE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CDRE$732.65M+18.3%$41.11M5.6%$1.47B
ISRG$11.58B+20.5%$2.96B25.5%$159.65B
EW$6.67B+13.4%$1.02B15.3%$60.21B
STE$6.17B+8.1%$826.90M13.4%$24.95B
ZBH$8.57B+7.0%$767.30M9.0%$20.50B
MAS$7.67B+0.9%$926.00M12.1%$16.56B
SNN$6.16B+6.1%$625.00M10.1%$13.00B
ALGN$4.16B+4.4%$491.87M11.8%$12.28B
AIT$5.06B+8.5%$424.12M8.4%$10.86B

CDRE FAQ

9 questions
  • What is CDRE revenue?
    Cadre Holdings Inc. (CDRE) reported $732.65M of revenue for the twelve months ended Sep 30, 2026. That is up 18.3% from the year before. Revenue for fiscal 2025 was $610.31M.
  • Is CDRE profitable?
    Yes. Cadre Holdings Inc. earned $41.11M in net income for the twelve months ended Sep 30, 2026, a net margin of 5.6%.
  • How much cash and debt does CDRE have?
    Cadre Holdings Inc. reported $63.92M in cash and cash equivalents and $369.48M of debt on its most recent balance sheet in SEC filings.
  • How fast is CDRE revenue growing?
    Cadre Holdings Inc.'s revenue changed +7.5% in fiscal 2025, to $610.31M. Its compound annual growth rate was +8.6% over 5 years.
  • What is CDRE gross margin?
    Cadre Holdings Inc.'s gross profit was $308.01M on $732.65M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 42.0%.
  • What is CDRE free cash flow?
    Cadre Holdings Inc. generated $76.36M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $88.83M less capital expenditures.
  • What is CDRE earnings per share?
    Diluted earnings per share were $0.90 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CDRE last report financial results?
    The latest statements here come from Cadre Holdings Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this CDRE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Cadre Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.