CDRE · NYSE · Aerospace & Defense

Cadre (CDRE)

Makes body armor, duty gear, EOD equipment, and nuclear safety products.

$26.71
vs last close+0.08 (+0.30%)
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Cadre Holdings, Inc.CDRE
Industrials

Manufactures safety equipment for law enforcement, first responders, military users, and nuclear markets through Product and Distribution segments. Core lines include Safariland body armor and duty gear, Med-Eng EOD equipment, tactical gear, nuclear safety products, and third-party public-safety distribution.

Manufactures and distributes safety equipment for law enforcement, first responders, military users, and nuclear markets. The Product segment covers body armor, duty gear and holsters, EOD equipment and robots, blast-protection systems, tactical gear, and nuclear safety products under brands such as Safariland, Med-Eng, and TYR Tactical.

Distribution operates as a public-safety supply channel, selling Cadre-made goods and third-party items such as uniforms, optics, boots, firearms, and ammunition. Products reach federal, state, and local agencies and are used internationally across responder and defense workflows.

Execution depends on product certification, agency procurement, manufacturing reliability, and continued integration of acquired platforms. Cybersecurity has also been a documented operational dependency, after prior incidents temporarily disrupted selected production and order fulfillment.

Company facts

CEOWarren B. Kanders
ListedNov 4, 2021
ExchangeNYSE
HeadquartersJacksonville, FL
CountryUnited States
Employees2,533
CIK0001860543
ISINUS12763L1052

Market cap$1.14B
EPS (ttm)$0.8500
P/E (ttm)31.33
ROE10.8%
P/B3.29
P/S1.66
Dividend yieldDiv yield1.48%
Beta1.36vs XLI 1.13

Price target$43.00+61.5%Average of 11 analysts
ConsensusBuy8 of 11 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 10, 2026UBSTarget
Target:
Target: $43
Aug 9, 2026JefferiesReiterate
Rating: Target: $40
Rating: BuyTarget: $43
May 13, 2026Roth CapitalTarget
Target: $50
Target: $40
May 13, 2026JefferiesTarget
Target:
Target: $40
Feb 4, 2026Lake StreetTarget
Target: $43
Target: $53

Next report
Nov 3, 26
in 42 days
EPS estimate
$0.33
Revenue estimate
$190.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.32$0.23$0.30$0.27$0.27$0.05$0.26Pending
Estimate$0.48$0.13$0.25$0.26$0.40$0.09$0.22$0.33
Surprise−33.3%+76.9%+20.0%+3.8%−32.5%−44.4%+18.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$176.0M$130.1M$157.1M$155.9M$167.2M$155.4M$207.1MPending
Estimate$148.8M$157.7M$159.2M$182.0M$182.9M$155.3M$178.3M$190.7M
Surprise+18.3%−17.5%−1.3%−14.3%−8.6%+0.1%+16.2%
Estimate$0.33
ReportedDue Nov 3, 2026
Estimate$190.7M
ReportedDue Nov 3, 2026
View details

Debt to equity115.30%
Current ratio214.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$109.4M$176.0M$130.1M$157.1M$155.9M$167.2M$155.4M$207.1M
Net income$3.7M$13.0M$9.2M$12.2M$10.9M$11.7M$2.0M$11.4M
Net margin3.3%7.4%7.1%7.8%7.0%7.0%1.3%5.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$5.4M$29.4M$14.3M$18.0M$20.9M$21.9M$9.3M$22.5M
YoY growth−67.6%+131.9%+19.0%−9.7%+285.0%−25.5%−34.5%+24.7%

Balance sheet, Jun 30, 2026Cash & short-term investments $54.0M · Total debt $399.8M · Total assets $917.3M · Shareholders' equity $346.8M

Revenue
$207.1M
Operating income
$22.5M
Net income
$11.4M
View details

Dividend yield
1.48%
Next ex-date
Oct 31, 26
estimated · in 39 days
Annual dividend
$0.40
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Jan '25May '25Aug '25Oct '25Jan '26May '26Jul '26
Dividend$0.0875$0.095$0.095$0.095$0.095$0.10$0.10$0.10
Annual yield0.99%0.93%1.23%1.15%0.89%0.96%1.31%1.28%
Ex-dateNov 1Jan 31May 2Aug 1Oct 31Jan 30May 1Jul 31
Payment dateNov 15Feb 14May 16Aug 15Nov 14Feb 13May 15Aug 14
View details

Institutions78.12%33.45M shares
161 holders · as of Jun 30, 2026
Insiders27.17%11.64M shares
4 holders · as of Aug 26, 2026
Adds to105.29%

42.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 105.29%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Warren B. Kanders1Insiderdirector, 10 percent owner, officer: CEO AND CHAIRMAN
26.02%11.39Mfiled Aug 26, 2026
BlackRock, Inc.Institution
6.86%2.94Mas of Jun 30, 2026
Greenhouse Funds LLLPInstitution
6.70%2.87Mas of Jun 30, 2026
Reinhart Partners, Inc.Institution
6.39%2.74Mas of Jun 30, 2026
FMR LLCInstitution
5.78%2.48Mas of Jun 30, 2026
  1. Warren B. Kanders's transaction reports restate only vehicles that traded; the 2026 ownership statement (11.39M) less the 250.0K net shares sold since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 25, 2026Warren B. Kandersdirector, 10 percent owner, officer: CEO AND CHAIRMAN−100,000$31.87
Aug 24, 2026Warren B. Kandersdirector, 10 percent owner, officer: CEO AND CHAIRMAN−100,000$33.36
Aug 17, 2026Brad Williamsofficer: PRESIDENT−88,742$33.24
Jun 22, 2026Warren B. Kandersdirector, 10 percent owner, officer: CEO AND CHAIRMAN−50,000$27.43
Jun 18, 2026Warren B. Kandersdirector, 10 percent owner, officer: CEO AND CHAIRMAN−25,000$27.86
View details

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Median39.127.54.4+9.8%