CDRE
Cadre Holdings, Inc.
CDRE's fundamentals are mixed: revenue grew 18%, but earnings per share fell 20%. At 37x earnings, it's trading in line with its usual 35x. Analysts expect strong earnings growth, though they disagree widely on how much.
CDRE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Under pressure |
CDRE's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is under pressure.
CDRE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $33.08 | — |
| Cheap | 32x | $29.19 | -12% |
| Fair | 35x | $31.42 | -5% |
| Current | 37x | $33.08 | — |
| Expensive | 39x | $35.21 | +6.4% |
Historical ranges are pointers, not guarantees.
CDRE's PE is in its fair range at 37x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, in its cheap range.
CDRE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CDRE, with profitability improving. However, they disagree widely on these estimates.
CDRE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.43 | +59% |
| Q3 2026 | $0.90 | -20% |
| Q2 2026 | $0.80 | -15% |
| Q1 2026 | $0.84 | -12% |
| Q4 2025 | $1.02 | +13% |
| Q3 2025 | $1.12 | +35% |
| Q2 2025 | $0.94 | -8.7% |
| Q1 2025 | $0.95 | -5.9% |
| Q4 2024 | $0.90 | -12% |
CDRE's earnings per share have fallen from their peak: $0.90 over the past year, against $1.21 in early 2021.
CDRE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $202.9M | +30% |
| Q2 2026 | $207.1M | +32% |
| Q1 2026 | $155.4M | +19% |
| Q4 2025 | $167.2M | -5% |
| Q3 2025 | $155.9M | +42% |
| Q2 2025 | $157.1M | +8.9% |
| Q1 2025 | $130.1M | -5.6% |
| Q4 2024 | $176M | +41% |
CDRE's revenue is growing: $203M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +2 points |
| Q2 2026 | 11% | +1.5 points |
| Q1 2026 | 4.8% | -5.6 points |
| Q4 2025 | 12% | -4.5 points |
| Q3 2025 | 12% | +7 points |
| Q2 2025 | 9.3% | -4.5 points |
| Q1 2025 | 10% | +1.7 points |
| Q4 2024 | 17% | +6.5 points |
CDRE's operating margin was 14% last quarter, up 2 points from the same quarter a year ago.
CDRE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $19.9M | -8.2% |
| Q2 2026 | $18.7M | +1505% |
| Q1 2026 | $19.8M | +23% |
| Q4 2025 | $18M | -20% |
| Q3 2025 | $21.6M | +$27.9M |
| Q2 2025 | $1.2M | -87% |
| Q1 2025 | $16.1M | +1925% |
| Q4 2024 | $22.4M | -8.4% |
CDRE generated $76M in free cash flow over the past year, up 25% from the year before.
CDRE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +77.4K shares |
| 1 year | +6.1% | +2.5M shares |
| 3 years | +15% | +5.5M shares |
| 5 years | +58% | +16M shares |
| Available history | +26% | +8.8M shares |
CDRE has 43M diluted shares, up 6.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CDRE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 1.2x | Healthy |
CDRE's net debt is about 3.0 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
CDRE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.7 | Neutral |
| Stochastic | 65.2 | Neutral |
CDRE's weekly RSI is 58 (neutral) and its Stochastic is 65 (neutral).
CDRE PE vs Industrials Sector
| Metric | CDRE | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 53% above |
| PE % | 65 | 66 | 1 pt below |
CDRE is trading at 37x earnings, a 53% premium to the Industrials sector's median of 24x.
CDRE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.5 | 16% above |
| 20 week MA | $29.7 | 11% above |
| 50 week MA | $33.6 | 1.4% below |
| 100 week MA | $34.0 | 2.7% below |
| 200 week MA | $31.9 | 3.8% above |
CDRE's trend is mixed: it's above three of its five weekly moving averages, and 3.8% above its 200-week average.
CDRE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $15.3 | $21.3 | +39% |
| 2022 | $21.3 | $20.1 | -5.4% |
| 2023 | $20.1 | $32.9 | +64% |
| 2024 | $32.9 | $32.1 | -2.6% |
| 2025 | $32.1 | $41.9 | +31% |
| 2026 YTD | $41.9 | $33.1 | -21% |
CDRE has finished higher in three of the last five years. It's down 21% so far in 2026.