CDRE - Cadre Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$44.33
DETAILS
HIGH:
$53.00
LOW:
$40.00
MEDIAN:
$40.00
CONSENSUS:
$44.33
UPSIDE:
46.26%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 610.3 | 567.6 | 482.5 | 457.8 | 427.3 | 404.6 | 420.7 |
| Cost of Revenue | 358.6 | 334.1 | 281.8 | 282.2 | 256.6 | 251.7 | 274.7 |
| Gross Profit | 251.7 | 233.5 | 200.7 | 175.7 | 170.7 | 152.9 | 146.0 |
| Operating Expenses | |||||||
| R&D Expenses | 11.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 165.3 | 158.3 | 140.5 | 153.1 | 115.0 | 106.6 | 124.3 |
| Other Expenses | 0 | 8.4 | 3.7 | 5.8 | 4.0 | (3.5) | (5.6) |
| Operating Expenses | 176.7 | 166.7 | 144.2 | 159.0 | 119.0 | 103.1 | 118.7 |
| Operating Income | |||||||
| Operating Income | 75.0 | 66.8 | 56.5 | 16.7 | 51.7 | 49.8 | 27.4 |
| Interest Expense | 11.8 | 7.8 | 4.5 | 6.2 | 16.4 | 24.4 | 29.8 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 94.0 | 78.5 | 73.2 | 31.2 | 49.3 | 67.0 | 43.2 |
| EBIT | 75.0 | 62.0 | 57.5 | 15.6 | 35.6 | 52.3 | 27.8 |
| Income Before Tax | 62.3 | 54.2 | 52.9 | 9.4 | 19.2 | 27.9 | (2.1) |
| Income Tax Expense | 18.2 | 18.1 | 14.3 | 3.6 | 6.5 | (10.6) | (0.1) |
| Net Income | 44.1 | 36.1 | 38.6 | 5.8 | 12.7 | 38.5 | (1.9) |
| Per Share Data | |||||||
| EPS (Basic) | 1.08 | 0.90 | 1.03 | 0.16 | 0.44 | 1.15 | -0.06 |
| EPS (Diluted) | 1.02 | 0.90 | 1.02 | 0.16 | 0.44 | 1.15 | -0.06 |
| Shares Outstanding | 40.9 | 39.9 | 37.5 | 36.1 | 28.6 | 33.5 | 33.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 122.9 | 124.9 | 87.7 | 45.3 | 33.9 | 2.9 | 2.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 110.6 | 93.5 | 58.4 | 64.6 | 48.3 | 43.6 | 55.6 |
| Inventory | 100.3 | 82.4 | 81.0 | 70.3 | 64.0 | 60.9 | 62.1 |
| Other Current Assets | 32.1 | 7.7 | 6.9 | 6.8 | 3.4 | 3.4 | 15.3 |
| Total Current Assets | 365.9 | 327.6 | 245.8 | 197.0 | 160.0 | 117.5 | 142.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 98.6 | 60.7 | 51.2 | 53.8 | 33.1 | 35.4 | 36.0 |
| Goodwill | 181.4 | 148.2 | 81.7 | 81.6 | 66.3 | 66.3 | 66.2 |
| Intangible Assets | 115.0 | 107.5 | 43.5 | 50.7 | 42.4 | 51.0 | 60.0 |
| Long-Term Investments | 0 | 1.3 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.4 | 2.9 | 5.0 | 6.6 | 3.0 | 0.1 | 0.4 |
| Total Non-Current Assets | 404.2 | 325.1 | 185.3 | 194.9 | 151.8 | 165.8 | 164.5 |
| Total Assets | 770.0 | 652.7 | 431.2 | 392.0 | 311.8 | 283.3 | 307.3 |
| Current Liabilities | |||||||
| Account Payables | 22.3 | 29.6 | 28.4 | 23.4 | 19.3 | 22.0 | 25.7 |
| Short-Term Debt | 16.3 | 11.4 | 12.3 | 12.2 | 13.2 | 3.5 | 4.3 |
| Deferred Revenue | 0 | 4.9 | 5.1 | 5.9 | 12.6 | 7.3 | 4.9 |
| Other Current Liabilities | 61.1 | 1.8 | 24.6 | 20.4 | 19.4 | 18.7 | 15.6 |
| Total Current Liabilities | 104.5 | 94.1 | 95.2 | 78.9 | 74.6 | 62.5 | 62.9 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 306.0 | 211.8 | 127.8 | 137.5 | 146.5 | 209.3 | 270.3 |
| Deferred Tax Liabilities | 30.1 | 18.8 | 4.8 | 3.5 | 1.3 | 2.1 | 3.3 |
| Other Non-Current Liabilities | 11.6 | 5.8 | 3.0 | 1.2 | 0.7 | 0.6 | 0.8 |
| Total Non-Current Liabilities | 347.7 | 247.1 | 138.8 | 147.1 | 148.5 | 211.9 | 274.4 |
| Total Liabilities | 452.2 | 341.2 | 234.0 | 226.1 | 223.2 | 274.4 | 337.4 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 34.8 | 6.1 | (16.1) | (42.7) | (37.1) | (37.0) | (75.4) |
| Accumulated Other Comprehensive Income | 0.5 | (1.4) | 0.6 | 2.1 | (1.9) | (2.9) | (3.3) |
| Total Stockholders' Equity | 317.8 | 311.5 | 197.2 | 165.9 | 88.6 | 8.9 | (30.0) |
| Total Liabilities & Equity | 770.0 | 652.7 | 431.2 | 392.0 | 311.8 | 283.3 | 307.3 |
| Debt Metrics | |||||||
| Total Debt | 322.3 | 238.8 | 146.8 | 158.4 | 159.7 | 212.8 | 274.6 |
| Net Debt | 199.4 | 113.8 | 59.1 | 113.1 | 125.8 | 209.9 | 272.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 44.1 | 36.1 | 38.6 | 5.8 | 12.7 | 38.5 | (1.9) |
| Depreciation & Amortization | 18.6 | 16.4 | 15.7 | 15.7 | 13.7 | 14.7 | 15.4 |
| Stock-Based Compensation | 12.2 | 8.4 | 9.4 | 31.9 | 0.4 | 0 | 0 |
| Change in Working Capital | (16.2) | (36.4) | 10.1 | (12.6) | (9.7) | 17.4 | (7.2) |
| Other Non-Cash Items | 2.5 | 9.3 | (0.4) | 6.8 | 18.3 | (12.9) | 2.0 |
| Operating Cash Flow | 63.7 | 31.8 | 73.2 | 46.4 | 40.1 | 45.4 | 7.4 |
| Investing Activities | |||||||
| Capital Expenditure | (6.9) | (5.7) | (6.7) | (4.5) | (2.8) | (4.7) | (3.1) |
| Acquisitions | (89.6) | (141.8) | 0 | (55.5) | 0 | 0 | 26.9 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (2.3) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 14.4 | 2.5 |
| Other Investing Activities | 0.1 | 0.1 | 0.2 | 0.4 | 0 | 12.4 | 0.1 |
| Investing Cash Flow | (96.4) | (147.4) | (6.5) | (59.6) | (2.8) | 19.8 | 26.4 |
| Financing Activities | |||||||
| Net Debt Issuance | 83.7 | 83.9 | (10.0) | (11.1) | (66.0) | (56.3) | (30.0) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (15.4) | (13.9) | (12.0) | (11.5) | (12.8) | 0 | 0 |
| Other Financing Activities | (40.0) | (9.1) | (2.7) | (9.3) | (6.5) | (8.6) | (2.4) |
| Financing Cash Flow | 31.6 | 152.7 | (24.7) | 24.5 | (6.6) | (64.9) | (32.4) |
| Cash Position | |||||||
| Net Change in Cash | 0.4 | 37.2 | 42.4 | 11.4 | 31.0 | 0.4 | 1.2 |
| Cash at Beginning | 124.9 | 87.7 | 45.3 | 33.9 | 2.9 | 2.5 | 1.3 |
| Cash at End | 125.3 | 124.9 | 87.7 | 45.3 | 33.9 | 2.9 | 2.5 |
| Free Cash Flow | 56.8 | 26.1 | 66.5 | 41.9 | 37.3 | 40.7 | 4.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 610.3 | 567.6 | 482.5 | 457.8 | 427.3 | 404.6 | 420.7 |
| Gross Profit | 251.7 | 233.5 | 200.7 | 175.7 | 170.7 | 152.9 | 146.0 |
| Operating Income | 75.0 | 66.8 | 56.5 | 16.7 | 51.7 | 49.8 | 27.4 |
| Net Income | 44.1 | 36.1 | 38.6 | 5.8 | 12.7 | 38.5 | (1.9) |
| EPS (Diluted) | 1.02 | 0.90 | 1.02 | 0.16 | 0.44 | 1.15 | -0.06 |
| Balance Sheet | |||||||
| Cash & Equivalents | 122.9 | 124.9 | 87.7 | 45.3 | 33.9 | 2.9 | 2.5 |
| Total Assets | 770.0 | 652.7 | 431.2 | 392.0 | 311.8 | 283.3 | 307.3 |
| Total Debt | 322.3 | 238.8 | 146.8 | 158.4 | 159.7 | 212.8 | 274.6 |
| Stockholders' Equity | 317.8 | 311.5 | 197.2 | 165.9 | 88.6 | 8.9 | (30.0) |
| Cash Flow | |||||||
| Operating Cash Flow | 63.7 | 31.8 | 73.2 | 46.4 | 40.1 | 45.4 | 7.4 |
| Capital Expenditure | (6.9) | (5.7) | (6.7) | (4.5) | (2.8) | (4.7) | (3.1) |
| Free Cash Flow | 56.8 | 26.1 | 66.5 | 41.9 | 37.3 | 40.7 | 4.3 |