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Stock research / United States / CDRE · Orthopedic, Prosthetic & Surgical Appliances & Supplies · NYSE

Cadre Holdings, Inc. (CDRE)

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Cadre Holdings, Inc. (CDRE) reported revenue of $207 million for Q2 FY2026, the quarter ended 30 June 2026, up 31.8% on the same quarter a year earlier. Net income was $11 million, down 6.6% on the year, and diluted earnings per share $0.26. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$207 millionup 31.8%
Net income$11 milliondown 6.6%
Diluted EPS$0.26
QuarterQ2 FY2026ended 30 June 2026

Cadre Holdings (CDRE) in brief

Cadre Holdings (CDRE) reported revenue of $610 million for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before.
Read moreNet income was $44 million and diluted earnings per share $1.02. Revenue was $568 million in fiscal 2024, $483 million in fiscal 2023, $458 million in fiscal 2022 and $427 million in fiscal 2021. Net income in the same years was $36 million, $39 million, $6 million and $13 million. Over the twelve months to 30 June 2026, Cadre Holdings reported revenue of $686 million and net income of $36 million. Revenue grew 8.6% a year, compounded, over the five years to fiscal 2025. Cadre Holdings declared $0.39 a share in dividends over the last four quarters and had 43 million shares outstanding at the latest filed count. At 30 June 2026 it carried $374 million of debt and $54 million of cash. At the close of 29 October 2026 the market cap of Cadre Holdings was $1.3 billion, 36.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE10.4%
ROCE9.6%
Operating margin10.1%
Net margin5.3%
FCF margin11.4%
Interest covern/a
Debt to equity1.08
Cash conversion2.45
Share count, last 12 months5.3%
Sales CAGR, 3 years10.1%
Profit CAGR, 3 years96.5%
EPS, TTM$0.85

At the close of 29 October 2026

Price$31.11
Market cap$1.3 billion
Stock P/E36.60
Price to book3.84
EV / EBITDA18.15
Dividend yield1.3%
Market cap / sales1.94
52-week high$46.07
52-week low$24.55
Price, 1 year-28.0%
Price CAGR, 3 years3.9%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Cadre Holdings, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CDREgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CDRE

Dividends$0.39 a share over the four quarters to 30 June 2026, a 1.25% yield
Filings19 in twelve months: 9 current reports (8-K), about 5 results of operations; 3 material agreement; 1 new financial obligation; 1 officer or director change; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $84.8 million; latest 25 August 2026
Options tapeput/call 0.27 by open interest at the 29 October 2026 close; the straddle prices a 23.7% move to 20 November 2026
13F holders157 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading18 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest1.9 million shares short, 3.21 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue98.7104104118112124112121125125138144109176130157156167155207
Cost of revenue59.364.364.275.067.875.165.170.371.574.880.285.769.498.874.092.989.294.695.3120
Gross profit39.339.240.243.243.748.546.650.753.649.857.658.640.077.256.164.266.672.660.287.1
Gross margin40%38%38%37%39%39%42%42%43%40%42%41%37%44%43%41%43%43%39%42%
SG&A27.727.854.032.731.734.935.234.136.334.940.738.634.045.041.845.145.650.648.863.2
Operating income11.59.3-14.58.210.312.711.215.916.712.712.020.05.429.413.614.718.720.47.522.5
Operating margin12%9%-14%7%9%10%10%13%13%10%9%14%5%17%10%9%12%12%5%11%
Interest expense3.52.31.51.41.61.71.61.01.10.81.62.02.02.22.23.6n/an/an/an/a
Pre-tax income-7.47.0-16.26.06.912.79.915.215.312.48.917.65.022.712.617.214.817.72.816.9
Tax raten/a38%n/a25%28%48%30%28%28%23%22%29%27%43%27%29%26%34%30%33%
Net income-5.34.3-10.24.44.96.67.011.011.19.66.912.63.713.09.212.210.911.72.011.4
Net margin-5%4%-10%4%4%5%6%9%9%8%5%9%3%7%7%8%7%7%1%6%
Diluted EPS-$0.19$0.13-$0.30$0.12$0.13$0.17$0.19$0.29$0.29$0.25$0.18$0.31$0.09$0.32$0.23$0.30$0.27$0.27$0.05$0.26
Operating cash flow2.39.18.916.14.516.912.715.518.026.92.111.1-5.223.717.42.622.521.222.522.1
Capital expenditure0.70.60.91.50.51.60.81.61.82.51.32.01.01.31.31.40.83.32.73.5
Free cash flow1.68.58.014.64.015.411.913.916.124.50.89.1-6.222.416.11.221.618.019.818.7
Dividends paidn/an/a2.82.83.03.03.03.03.03.03.33.63.63.63.93.93.93.94.34.3
Shares outstanding27m34m35m37m37m37m38m38m38m38m40m41m41m41m41m41m41m42m43m43m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue405427458483568610686
Cost of revenue252257282282334351399
Gross profit153171176201233260287
Gross margin37.8%39.9%38.4%41.6%41.1%42.5%41.8%
Research and development5.66.57.17.08.411.4n/a
Selling, general and administrative107115153141158183208
Operating income49.851.716.756.566.867.469.1
Operating margin12.3%12.1%3.7%11.7%11.8%11.0%10.1%
Interest expense24.416.46.24.57.8n/an/a
Pre-tax income27.919.29.452.954.262.352.3
Income tax-10.66.53.614.318.118.216.2
Effective tax rate-37.9%34.0%37.9%27.0%33.4%29.2%31.0%
Net income38.512.75.838.636.144.136.1
Net margin9.5%3.0%1.3%8.0%6.4%7.2%5.3%
Diluted EPS$1.40$0.44$0.16$1.02$0.90$1.02$0.85
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States38545546175.6%
International97.111214924.4%
United StatesInternational
483FY2023568FY2024610FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow45.440.146.473.231.863.788.4
Capital expenditure4.72.84.56.75.76.910.3
Free cash flow40.737.341.966.526.156.878.1
Free cash flow margin10.1%8.7%9.2%13.8%4.6%9.3%11.4%
Cash from investing19.8-2.8-59.6-6.5-147-96.4-174
Cash from financing-64.9-6.624.5-24.715331.65.9
Depreciation and amortisation14.713.715.715.716.418.622.0
Share-based compensationn/a0.431.99.48.412.212.7
Dividends paidn/a12.811.512.013.915.416.3
Dividend per sharen/an/a$0.08$0.08$0.09$0.10$0.39
Diluted shares, weighted27m29m36m38m40m43m43m
Shares outstanding at period end27m34m37m38m41m42m43m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8.988.6166197312318347
Redeemable equity0.0n/an/an/an/an/an/a
Deposits3.17.610.19.810.032.5n/a
Short-term borrowings3.513.22.22.20.0n/an/a
Debt213160150140223307374
Operating lease liabilitiesn/an/a5.03.210.715.017.3
Finance lease liabilitiesn/an/an/an/an/a2.5n/a
Other liabilities55.042.759.178.897.395.0179
Total liabilities and equity283312392431653770917
Owned
Fixed assets35.433.145.344.645.278.8125
Goodwill66.366.381.681.7148181234
Intangible assets51.042.450.743.5108115174
Cash and equivalents2.933.945.387.712512354.0
Receivables43.648.364.658.493.5111128
Inventory60.964.070.381.082.4100129
Other assets23.123.934.334.451.061.172.3
Total assets283312392431653770917
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a8.6%10.1%19.7%
Profit growth, compoundedn/a2.8%96.5%-5.3%
Return on equity, averagen/a12.6%15.0%13.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Cadre Holdings' revenue in fiscal 2025?

Cadre Holdings (CDRE) reported revenue of $610 million for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before.

How much did Cadre Holdings earn in fiscal 2025?

Net income was $44 million for fiscal 2025, and diluted earnings per share $1.02.

What is Cadre Holdings' P/E ratio?

At the close of 29 October 2026, Cadre Holdings traded at 36.6 times its earnings over the twelve months to 30 June 2026.

What is Cadre Holdings' market cap?

The market cap of Cadre Holdings was $1.3 billion at the close of 29 October 2026.

Does Cadre Holdings pay a dividend?

Yes. Cadre Holdings declared $0.39 a share in dividends over the four quarters to 30 June 2026.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$155.5 billion54.2618.5%28.4%20.5%0.00n/a
Edwards Lifesciences Corp. EW$54.5 billion54.289.5%22.3%14.6%0.06n/a
Steris plc STE$22.6 billion28.4011.2%18.9%8.4%0.261.1%
Zimmer Biomet Holdings, Inc. ZBH$18.6 billion23.726.4%14.2%8.6%0.591.0%
Smith & Nephew plc SNN *$13.3 billion21.2311.8%12.9%6.1%0.592.5%
Align Technology Inc. ALGN$11.0 billion26.759.8%13.2%4.4%0.00n/a
MSA Safety Inc. MSA$6.9 billion22.2822.4%21.2%6.5%0.431.2%
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-180.0%-7.6%38.6%12.11n/a
Cadre Holdings, Inc. CDRE$1.3 billion36.6010.4%10.1%19.7%1.081.3%
SkinHealth Systems Inc. SKIN$1.3 billionn/a-51.2%-1.5%-6.5%6.21n/a
Enovis Corp. ENOV$1.3 billionn/a-74.6%-45.1%4.9%0.87n/a
Anteris Technologies Global Corp. AVR$624 millionn/a-41.2%-4,738.4%-9.6%0.00n/a
All 74 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$155.5 billion54.2618.5%28.4%20.5%0.00n/a
Medtronic plc MDT$124.3 billion23.9210.4%18.1%9.8%0.562.9%
Stryker Corp. SYK$119.5 billion32.3015.5%21.4%8.5%0.621.1%
3M Co. MMM$91.6 billion26.4385.7%18.8%1.7%3.631.7%
Boston Scientific Corp. BSX$61.9 billion17.2814.7%19.8%13.5%0.51n/a
Edwards Lifesciences Corp. EW$54.5 billion54.289.5%22.3%14.6%0.06n/a
Becton Dickinson & Co. BDX$54.0 billion59.743.9%9.6%-2.6%0.692.1%
Resmed Inc. RMD$36.4 billion24.2223.1%33.4%9.9%0.101.0%
GE HealthCare Technologies Inc. GEHC$34.6 billion16.1318.5%13.3%6.9%0.860.2%
Dexcom Inc. DXCM$29.8 billion31.3539.1%24.0%13.0%0.47n/a
West Pharmaceutical Services Inc. WST$29.1 billion46.7121.5%23.0%12.6%0.070.2%
Medline Inc. MDLN$27.5 billionn/an/an/an/a1.09n/a
Koninklijke Philips N.V. PHG *$26.1 billion26.058.2%8.0%-1.0%0.741.4%
Steris plc STE$22.6 billion28.4011.2%18.9%8.4%0.261.1%
Zimmer Biomet Holdings, Inc. ZBH$18.6 billion23.726.4%14.2%8.6%0.591.0%
Glaukos Corp. GKOS$14.3 billionn/a-23.7%-25.5%46.9%0.00n/a
Solventum Corp. SOLV$14.2 billion10.2229.9%25.0%-0.9%1.06n/a
Smith & Nephew plc SNN *$13.3 billion21.2311.8%12.9%6.1%0.592.5%
Penumbra Inc. PEN$12.7 billion81.089.9%12.1%17.0%0.00n/a
Baxter International Inc. BAX$12.1 billionn/a-11.1%-1.9%5.3%1.522.2%
Cooper Companies, Inc. COO$11.5 billion20.606.8%12.8%4.7%0.31n/a
Globus Medical Inc. GMED$11.1 billion21.2111.2%20.3%19.7%0.00n/a
Align Technology Inc. ALGN$11.0 billion26.759.8%13.2%4.4%0.00n/a
Insulet Corp. PODD$10.6 billion28.5026.4%16.9%29.4%0.67n/a
Bausch & Lomb Corp. BLCO$7.3 billionn/a-1.7%7.1%8.9%0.79n/a
MSA Safety Inc. MSA$6.9 billion22.2822.4%21.2%6.5%0.431.2%
Teleflex Inc. TFX$6.0 billionn/a-35.5%2.0%30.7%0.971.0%
Merit Medical Systems Inc. MMSI$5.6 billion35.049.2%13.5%9.1%0.42n/a
Haemonetics Corp. HAE$5.5 billion58.7611.5%11.9%0.4%1.42n/a
MiniMed Group, Inc. MMED$5.4 billionn/an/an/an/a0.00n/a
Heartflow, Inc. HTFL$5.3 billionn/a-42.3%-37.8%n/a0.00n/a
LivaNova plc LIVN$4.5 billion24.0514.2%12.7%12.4%0.22n/a
Integer Holdings Corp. ITGR$4.3 billion42.456.0%8.2%-0.3%0.71n/a
ICU Medical Inc. ICUI$4.2 billion142.991.4%3.3%-9.0%0.57n/a
iRhythm Holdings, Inc. IRTC$4.2 billionn/a-7.5%-3.0%25.6%3.50n/a
Envista Holdings Corp. NVST$4.0 billion42.453.1%9.6%11.9%0.47n/a
Pulse Biosciences, Inc. PLSE$3.9 billionn/a-80.5%-7,007.8%n/a0.00n/a
AtriCure, Inc. ATRC$3.2 billion297.522.0%2.3%13.9%0.12n/a
Axogen, Inc. AXGN$3.0 billionn/a-6.4%-5.2%24.3%0.00n/a
Warby Parker Inc. WRBY$2.7 billion351.142.0%0.2%11.0%0.00n/a
TransMedics Group, Inc. TMDX$2.3 billion17.2629.3%12.2%25.8%0.990.0%
UFP Technologies Inc. UFPT$2.3 billion31.5615.6%15.3%7.3%0.25n/a
Inspire Medical Systems, Inc. INSP$2.1 billion15.3916.4%6.0%4.3%0.00n/a
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-180.0%-7.6%38.6%12.11n/a
Lemaitre Vascular Inc. LMAT$2.0 billion29.9515.6%29.5%11.8%0.401.1%
Dentsply Sirona Inc. XRAY$1.9 billionn/a-40.4%-8.5%-0.8%1.656.7%
Kestra Medical Technologies, Ltd. KMTS$1.8 billionn/a-67.4%-134.5%60.7%0.33n/a
Alphatec Holdings, Inc. ATEC$1.8 billionn/an/a-3.6%15.3%n/an/a
NovoCure Ltd. NVCR$1.5 billionn/a-34.7%-17.2%12.9%0.56n/a
Tandem Diabetes Care Inc. TNDM$1.4 billionn/a-48.6%-4.4%4.0%4.62n/a
Conmed Corp. CNMD$1.4 billion18.886.9%9.9%1.6%0.771.3%
Cadre Holdings, Inc. CDRE$1.3 billion36.6010.4%10.1%19.7%1.081.3%
SkinHealth Systems Inc. SKIN$1.3 billionn/a-51.2%-1.5%-6.5%6.21n/a
Enovis Corp. ENOV$1.3 billionn/a-74.6%-45.1%4.9%0.87n/a
National Vision Holdings, Inc. EYE$1.3 billion27.265.6%4.1%7.8%0.26n/a
Staar Surgical Co. STAA$1.3 billion360.501.1%4.0%51.3%0.00n/a
Procept BioRobotics Corp. PRCT$1.2 billionn/a-32.3%-33.9%22.7%0.15n/a
Artivion, Inc. AORT$1.1 billionn/a-0.7%4.4%16.4%0.82n/a
Iradimed Corp. IRMD$1.1 billion47.9422.7%31.9%11.2%0.00n/a
Ceribell, Inc. CBLL$1.1 billionn/a-51.4%-68.6%31.7%0.16n/a
Si-Bone, Inc. SIBN$1.0 billionn/a-8.0%-8.3%15.3%0.200.0%
Integra LifeSciences Holdings Corp. IART$997 million75.351.2%4.4%0.8%1.71n/a
Beta Bionics, Inc. BBNX$956 millionn/a-20.7%-72.7%43.7%0.00n/a
Orthopediatrics Corp. KIDS$822 millionn/a-10.0%-9.4%16.1%0.31n/a
Anteris Technologies Global Corp. AVR$624 millionn/a-41.2%-4,738.4%-9.6%0.00n/a
Mimedx Group, Inc. MDXG$579 millionn/a-9.1%-8.3%-22.8%0.00n/a
Tactile Systems Technology Inc. TCMD$552 million22.5211.1%10.0%17.2%0.00n/a
Angiodynamics Inc. ANGO$524 millionn/a-20.1%-11.2%8.2%0.00n/a
Sight Sciences, Inc. SGHT$523 millionn/a-56.3%-33.4%9.3%0.77n/a
Avita Medical, Inc. RCEL$516 millionn/an/a-46.6%1.0%n/an/a
Delcath Systems, Inc. DCTH$507 million1,462.500.4%-1.9%35.8%0.00n/a
SS Innovations International, Inc. SSII$492 millionn/a-23.3%-15.8%89.7%0.00n/a
Cerus Corp. CERS$491 millionn/an/an/an/a0.93n/a
NeuroPace Inc. NPCE$446 millionn/a-160.9%-15.3%11.6%4.970.0%
10 companies share its SEC industry code (Orthopedic, Prosthetic & Surgical Appliances & Supplies); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202510 March 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202411 March 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR