Cadre Holdings, Inc. (CDRE)
Cadre Holdings, Inc. specializes in manufacturing and distributing vital safety and survival gear designed to protect individuals in perilous or life-threatening environments, both within the United States and globally. The company operates through two distinct divisions: its proprietary Products segment and a Distribution arm. Under its well-known Safariland and Protech Tactical brands, Cadre produces a wide array of body armor, encompassing discreet concealable vests, correctional facility-specific protection, and tactical models. Their extensive product line also features survival suits, remotely operated vehicles (ROVs), specialized tools, blast detection sensors, various ancillary items, vehicle blast attenuation seating for explosive ordnance disposal technicians, and full bomb suits. Furthermore, they supply essential duty equipment, such as belts and accessories, alongside other protective and law enforcement essentials, including communications systems, forensic investigation kits, firearm cleaning solutions, and crowd management apparatus. Beyond its own manufactured goods, Cadre also acts as a distributor for third-party products like uniforms, optical devices, footwear, firearms, and ammunition. Their clientele is diverse, primarily serving first responders such as state and local law enforcement, fire and rescue teams, explosive ordnance disposal (EOD) specialists, emergency medical technicians, fishing and wildlife enforcement agencies, and correctional departments. Additionally, federal agencies like the U.S. Departments of State, Defense, Interior, Justice, Homeland Security, and Corrections are among their customers, as are various international government bodies. Established in 1964, Cadre Holdings, Inc. maintains its corporate headquarters in Jacksonville, Florida.
Sector: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Industry: Aerospace & Defense
Cadre Holdings, Inc.
No splits on record
Nothing in CDRE's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $610.31M | $567.56M | $482.53M | $457.84M | $427.29M | $404.64M | $420.74M |
| YoY Growth | 7.5% | 17.6% | 5.4% | 7.1% | 5.6% | -3.8% | - |
| Cost of Revenue | $358.58M | $334.08M | $281.81M | $282.16M | $256.6M | $251.7M | $274.7M |
| Gross Profit | $251.72M | $233.48M | $200.73M | $175.68M | $170.69M | $152.94M | $146.04M |
| Gross Margin | 41.2% | 41.1% | 41.6% | 38.4% | 39.9% | 37.8% | 34.7% |
| Research and Development | $11.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $165.28M | $158.32M | $140.52M | $153.13M | $114.96M | $106.63M | $124.27M |
| Other | $0 | $8.4M | $3.69M | $5.83M | $4.01M | -$3.49M | -$5.62M |
| Total Operating Expenses | $176.68M | $166.72M | $144.21M | $158.96M | $118.97M | $103.13M | $118.65M |
| Operating Income (EBIT) | $75.05M | $66.76M | $56.52M | $16.72M | $51.72M | $49.8M | $27.38M |
| Operating Margin | 12.3% | 11.8% | 11.7% | 3.7% | 12.1% | 12.3% | 6.5% |
| Interest Expense | $11.83M | $7.82M | $4.53M | $6.21M | $16.43M | $24.39M | $29.85M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$12.72M | -$12.54M | -$3.6M | -$7.34M | -$32.53M | -$21.93M | -$29.45M |
| Income Before Tax (EBT) | $62.33M | $54.22M | $52.92M | $9.37M | $19.19M | $27.88M | -$2.07M |
| Income Tax Expense | $18.19M | $18.09M | $14.28M | $3.55M | $6.53M | -$10.58M | -$142K |
| Net Income | $44.14M | $36.13M | $38.64M | $5.82M | $12.66M | $38.45M | -$1.93M |
| Net Income Margin | 7.2% | 6.4% | 8.0% | 1.3% | 3.0% | 9.5% | -0.5% |
| Supplementary Data | |||||||
| EPS | 1.08 | 0.90 | 1.03 | 0.16 | 0.44 | 1.15 | -0.06 |
| Diluted EPS | 1.02 | 0.90 | 1.02 | 0.16 | 0.44 | 1.15 | -0.06 |
| Weighted Average OS | 40.87M | 39.95M | 37.53M | 36.11M | 28.60M | 33.48M | 33.48M |
| EBITDA | $92.79M | $78.46M | $73.19M | $31.23M | $49.34M | $67M | $43.22M |
| EBITDA Margin | 15.2% | 13.8% | 15.2% | 6.8% | 11.5% | 16.6% | 10.3% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $122.9M | $124.93M | $87.69M | $45.29M | $33.86M | $2.87M | $2.52M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $122.9M | $124.93M | $87.69M | $45.29M | $33.86M | $2.87M | $2.52M |
| Accounts Receivable | $110.61M | $93.52M | $58.36M | $64.56M | $48.34M | $43.65M | $55.57M |
| Inventory | $100.26M | $82.35M | $80.98M | $70.27M | $63.98M | $60.92M | $62.13M |
| Other Current Assets | $17.52M | $7.74M | $6.89M | $6.81M | $3.45M | $3.36M | $15.32M |
| Total Current Assets | $365.87M | $327.57M | $245.84M | $197.02M | $159.98M | $117.47M | $142.87M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $98.6M | $60.7M | $51.2M | $53.77M | $33.05M | $35.44M | $36.05M |
| Goodwill | $181.41M | $148.16M | $81.67M | $81.58M | $66.26M | $66.31M | $66.18M |
| Intangible Assets | $114.98M | $107.54M | $43.47M | $50.7M | $42.41M | $51.01M | $59.95M |
| Long-Term Investments | $0 | $1.3M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $4.82M | $4.55M | $4M | $2.25M | $7.06M | $12.9M | $1.9M |
| Other Long-Term Assets | $4.36M | $2.89M | $4.99M | $6.63M | $3.03M | $150K | $385K |
| Total Long-Term Assets | $404.17M | $325.14M | $185.34M | $194.93M | $151.81M | $165.81M | $164.47M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $770.03M | $652.71M | $431.18M | $391.95M | $311.8M | $283.28M | $307.33M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $22.32M | $29.64M | $28.42M | $23.41M | $19.33M | $21.98M | $25.7M |
| Short-Term Debt | $16.27M | $11.38M | $12.32M | $12.21M | $13.17M | $3.5M | $4.33M |
| Current Income Tax Payable | $4.84M | $6.69M | $9.94M | $4.58M | $1.25M | $1M | $678K |
| Current Unearned Revenue | $12.74M | $4.92M | $5.12M | $5.94M | $12.61M | $7.26M | $4.87M |
| Other Current Liabilities | $26.76M | $1.76M | $24.62M | $20.42M | $19.36M | $18.75M | $15.57M |
| Total Current Liabilities | $104.5M | $94.13M | $95.21M | $78.92M | $74.62M | $62.48M | $62.91M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $306.03M | $211.83M | $127.81M | $137.48M | $146.52M | $209.31M | $270.31M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $30.06M | $18.76M | $4.84M | $3.51M | $1.3M | $2.08M | $3.33M |
| Other Long-Term Liabilities | $11.65M | $5.75M | $2.97M | $1.19M | $722K | $550K | $802K |
| Total Long-Term Liabilities | $347.73M | $247.07M | $138.81M | $147.14M | $148.53M | $211.94M | $274.45M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $452.23M | $341.2M | $234.02M | $226.06M | $223.16M | $274.43M | $337.36M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $4K | $4K | $4K | $3K | $3K | $3K |
| Retained Earnings | $34.77M | $6.08M | -$16.11M | -$42.74M | -$37.05M | -$36.96M | -$75.42M |
| Comprehensive Income & Other | $460K | -$1.39M | $634K | $2.09M | -$1.92M | -$2.86M | -$3.28M |
| Other Stockholders' Equity | $283.03M | $305.43M | $213.26M | $208.63M | $125.69M | $45.81M | $45.39M |
| Total Equity | $317.8M | $311.51M | $197.16M | $165.89M | $88.64M | $8.85M | -$30.02M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $770.03M | $652.71M | $431.18M | $391.95M | $311.8M | $283.28M | $307.33M |
| Supplementary Data | |||||||
| Total Debt | $327.83M | $238.76M | $146.83M | $158.43M | $159.69M | $212.81M | $274.64M |
| Net Debt | $204.94M | $113.83M | $59.14M | $113.14M | $125.83M | $209.93M | $272.12M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $44.14M | $36.13M | $38.64M | $5.82M | $12.66M | $38.45M | -$1.93M |
| Depreciation & Amortization | $18.63M | $16.42M | $15.74M | $15.65M | $13.72M | $14.73M | $15.44M |
| Deferred Income Tax | $2.39M | -$2.06M | -$210K | -$1.09M | $4.77M | -$12.25M | -$817K |
| Stock-Based Compensation | $12.24M | $8.37M | $9.37M | $31.86M | $355K | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $8.36M | -$24.9M | $6.6M | -$11.54M | -$4.64M | $11.81M | $8.66M |
| Inventory | -$3.62M | $10.02M | -$10.22M | $1.16M | -$3.19M | $1.64M | $5.72M |
| Accounts Payable | -$16.41M | -$15.62M | $14.03M | $5.49M | $2.72M | $2.12M | -$19.7M |
| Other Working Capital | -$4.5M | -$5.87M | -$302K | -$7.71M | -$4.56M | $1.84M | -$1.92M |
| Total Working Capital Change | -$16.16M | -$36.37M | $10.11M | -$12.59M | -$9.67M | $17.4M | -$7.24M |
| Other Non-Cash Items | $2.47M | $9.29M | -$438K | $6.76M | $18.26M | -$12.92M | $1.95M |
| Net Cash from Operating | $63.7M | $31.78M | $73.21M | $46.41M | $40.09M | $45.42M | $7.41M |
| Investing Activities | |||||||
| Capital Expenditures | -$6.86M | -$5.67M | -$6.73M | -$4.49M | -$2.83M | -$4.71M | -$3.08M |
| Acquisitions | -$89.59M | -$141.81M | $0 | -$55.54M | $0 | $0 | $26.85M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$2.29M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $14.37M | $2.53M |
| Other Investing Activities | $77K | $55K | $207K | $411K | $0 | $12.41M | $70K |
| Net Cash from Investing | -$96.37M | -$147.43M | -$6.52M | -$59.63M | -$2.83M | $19.78M | $26.37M |
| Financing Activities | |||||||
| Debt Repaid | -$83.68M | -$86.09M | $10M | $10.12M | $67.92M | $56.9M | $9.6M |
| Common Stock Issuance | $3.38M | $91.78M | $0 | $56.33M | $83.42M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$15.45M | -$13.95M | -$12.01M | -$11.51M | -$12.75M | $0 | $0 |
| Other Financing Activities | -$40.02M | -$9.06M | -$2.69M | -$9.28M | -$6.46M | -$8.57M | -$2.44M |
| Net Cash from Financing | $31.59M | $152.67M | -$24.72M | $24.46M | -$6.6M | -$64.9M | -$32.42M |
| Forex Effect | $1.47M | $224K | $438K | $183K | $318K | $52K | -$139K |
| Net Change in Cash | $394K | $37.24M | $42.41M | $11.43M | $30.98M | $353K | $1.23M |
| Supplementary Data | |||||||
| Operating Cash Flow | $63.7M | $31.78M | $73.21M | $46.41M | $40.09M | $45.42M | $7.41M |
| Capital Expenditure | -$6.86M | -$5.67M | -$6.73M | -$4.49M | -$2.83M | -$4.71M | -$3.08M |
| Free Cash Flow | $56.85M | $26.11M | $66.48M | $41.91M | $37.26M | $40.71M | $4.33M |
| Cash at Beginning | $124.93M | $87.69M | $45.29M | $33.86M | $2.87M | $2.52M | $1.29M |
| Cash at End | $125.33M | $124.93M | $87.69M | $45.29M | $33.86M | $2.87M | $2.52M |