CDLR
Cadeler A/S
CDLR's fundamentals are weak: its operating margin fell 15 points to 37% and free cash flow was negative, though revenue grew 57%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CDLR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Under pressure |
CDLR's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
CDLR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2.9x | $6.93 | — |
| Cheap | 6.2x | $14.63 | +111% |
| Fair | 7.2x | $17.08 | +146% |
| Expensive | 23x | $55.05 | +694% |
Historical ranges are pointers, not guarantees.
CDLR's PE is 2.9x, but its earnings don't support one, so it isn't a reliable read right now.
CDLR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for CDLR, but weaker profitability.
CDLR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.36 | -19% |
| Q1 2026 | $3.29 | +194% |
| Q4 2025 | $3.40 | +310% |
| Q3 2025 | $3.31 | +$3.35 |
| Q2 2025 | $2.90 | +$3.28 |
| Q1 2025 | $1.12 | +11100% |
| Q4 2024 | $0.83 | +159% |
| Q3 2024 | -$0.04 | -103% |
CDLR earned $2.36 per share over the past year, down 19% from the year before.
CDLR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $319.4M | +23% |
| Q1 2026 | $138.6M | +90% |
| Q4 2025 | $184.4M | +93% |
| Q3 2025 | $171.4M | +91% |
| Q2 2025 | $258.9M | +269% |
| Q1 2025 | $72.7M | +243% |
| Q4 2024 | $95.5M | +393% |
| Q3 2024 | $89.5M | +244% |
CDLR's revenue has grown year over year for 10 quarters in a row: $319M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 40% | -30 points |
| Q1 2026 | 6.2% | -1.1 points |
| Q4 2025 | 39% | -4.5 points |
| Q3 2025 | 52% | +10 points |
| Q2 2025 | 70% | +40 points |
| Q1 2025 | 7.4% | +113 points |
| Q4 2024 | 44% | +134 points |
| Q3 2024 | 41% | +38 points |
CDLR's operating margin was 40% last quarter, down 30 points from the same quarter a year ago.
CDLR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$25.6M | +$147M |
| Q1 2026 | -$54.4M | +$441.4M |
| Q4 2025 | -$239.1M | -$218.7M |
| Q3 2025 | -$49M | +$201.6M |
| Q2 2025 | -$172.6M | +$38.6M |
| Q1 2025 | -$495.8M | -$397.3M |
| Q4 2024 | -$20.4M | +$14.3M |
| Q3 2024 | -$250.7M | -1045% |
CDLR has burned cash in almost every quarter: −$368M over the past year, against −$939M the year before.
CDLR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.5% | +8.4M shares |
| 1 year | +9.7% | +8.5M shares |
| 3 years | +95% | +46.9M shares |
| 5 years | +211% | +65.5M shares |
| Available history | +903% | +86.9M shares |
CDLR has 96M diluted shares, up 9.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $586,030 |
| Q1 2026 | — |
| Q4 2025 | $9,853 |
| Q3 2025 | $75,510 |
| Q2 2025 | $1.9M |
| Q1 2025 | — |
| Q4 2024 | $5,901 |
| Q3 2024 | — |
CDLR spent $671,393 buying back its own shares over the past year, down 65% from the year before.
CDLR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 6.0x | High |
| Q4 2024 | 4.1x | High |
| Q3 2024 | 7.1x | High |
CDLR's net debt is about 3.6 years of its operating earnings (EBITDA), about the same as a year ago.
CDLR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.7 | Oversold |
| Stochastic | 33.9 | Neutral |
CDLR's weekly RSI is 28 (oversold) and its Stochastic is 34 (neutral).
CDLR PE vs Industrials Sector
| Metric | CDLR | Sector median | Relative |
|---|---|---|---|
| PE | 2.9x | 24x | 88% below |
| PE % | 1 | 48 | 47 pts below |
CDLR is trading at 2.9x earnings, a 88% discount to the Industrials sector's median of 24x, though its earnings don't support one.
CDLR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.6 | 65% below |
| 20 week MA | $22.1 | 69% below |
| 50 week MA | $23.0 | 70% below |
| 100 week MA | $21.6 | 68% below |
CDLR is in a downtrend: it's below all four of its weekly moving averages, and 68% below its 100-week average.
CDLR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $18.4 | $18.4 | 0% |
| 2024 | $18.4 | $22.5 | +22% |
| 2025 | $22.5 | $19.3 | -14% |
| 2026 YTD | $19.3 | $6.93 | -64% |
CDLR has finished lower in two of the last three years. It's down 64% so far in 2026.