CASS
Cass Information Systems, Inc.
CASS has the edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
CASS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CASS's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CASS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $55.33 | — |
| Cheap | 17x | $48.78 | -12% |
| Current | 19x | $55.33 | — |
| Fair | 20x | $58.10 | +5% |
| Expensive | 25x | $71.98 | +30% |
Historical ranges are pointers, not guarantees.
CASS's PE is 19x, but its earnings don't support one, so it isn't a reliable read right now.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
CASS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CASS, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
CASS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +19% |
| Q3 2026 | $2.90 | +24% |
| Q2 2026 | $2.77 | +48% |
| Q1 2026 | $2.62 | +71% |
| Q4 2025 | $2.61 | +88% |
| Q3 2025 | $2.34 | +41% |
| Q2 2025 | $1.87 | -6% |
| Q1 2025 | $1.53 | -30% |
| Q4 2024 | $1.39 | -36% |
CASS has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
CASS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $52.5M | +5.3% |
| Q2 2026 | $50.5M | +14% |
| Q1 2026 | $49.2M | +3.9% |
| Q4 2025 | $49.5M | -1.9% |
| Q3 2025 | $49.9M | -1.1% |
| Q2 2025 | $44.4M | -9.3% |
| Q1 2025 | $47.3M | -4.9% |
| Q4 2024 | $50.5M | -0.1% |
CASS's revenue has picked up after two years of holding roughly level: $52M last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 26% | +12 points |
| Q1 2026 | 22% | -0.8 points |
| Q4 2025 | 20% | +8.8 points |
| Q3 2025 | 23% | +16 points |
| Q2 2025 | 14% | +2.3 points |
| Q1 2025 | 23% | +4.9 points |
| Q4 2024 | 11% | -9.1 points |
CASS has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over CASS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
CASS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.7M | -76% |
| Q2 2026 | $13.8M | +$16.5M |
| Q1 2026 | $12.7M | -33% |
| Q4 2025 | $4.1M | -76% |
| Q3 2025 | $11.3M | +$13.6M |
| Q2 2025 | -$2.6M | -130% |
| Q1 2025 | $19M | +208% |
| Q4 2024 | $17.1M | +558% |
CASS has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
CASS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -27.5K shares |
| 1 year | -2.7% | -358K shares |
| 3 years | -5.4% | -751K shares |
| 5 years | -8.7% | -1.2M shares |
| Available history | -11% | -1.7M shares |
CASS has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $3.1M |
| Q1 2026 | $2.9M |
| Q4 2025 | $8.3M |
| Q3 2025 | $6.7M |
| Q2 2025 | $5.9M |
| Q1 2025 | $5.1M |
| Q4 2024 | $3.5M |
CASS spent $14M buying back its own shares over the past year, down 33% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CASS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
CASS has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CASS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 30.2 | Neutral |
CASS's weekly RSI is 60 (neutral) and its Stochastic is 30 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
CASS PE vs Industrials Sector
| Metric | CASS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 21% below |
| PE % | 40 | 58 | 18 pts below |
CASS is trading at 19x earnings, a 21% discount to the Industrials sector's median of 24x, though its earnings don't support one.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CASS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.2 | 2.1% above |
| 20 week MA | $54.8 | 0.9% above |
| 50 week MA | $49.2 | 12% above |
| 100 week MA | $45.4 | 22% above |
| 200 week MA | $43.9 | 26% above |
CASS has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
CASS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.5 | $38.1 | -35% |
| 2021 | $38.1 | $40.3 | +5.7% |
| 2022 | $40.3 | $44.6 | +11% |
| 2023 | $44.6 | $45.1 | +0.9% |
| 2024 | $45.1 | $41.0 | -8.9% |
| 2025 | $41.0 | $42.3 | +3.1% |
| 2026 YTD | $42.3 | $55.3 | +31% |
CASS has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.