Is the business good?
How good a business is CDRE?
Cadre Holdings, Inc. earns 7.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
7.4%
Return on invested capital · cost of capital 9.0% · 1.6 points below what the capital costs: growth destroys value
- Operating margin
- 9.6%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q1 2026
- Cash conversion
- 1.64×
Cash conversion · 1.08× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +5.8%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 12% |
| FY2021 | 12% |
| FY2022 | 3.6% |
| FY2023 | 12% |
| FY2024 | 12% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q1 2026
- 41%
- Operating margin12 months to Q1 2026
- 9.6%
- Net margin12 months to Q1 2026
- 5.8%
- Free cash flow margin
- 9.5%
- Revenue, trailing twelve months
- $636M
- Free cash flow, trailing twelve months
- $61M
- Net income, trailing twelve months
- $37M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #22 of 48 by Smart Score