CDRE
Cadre Holdings, Inc.

Cadre Holdings, Inc.CDRE

Industrials · Aerospace & Defense
29.46USD
+8.91%
Oct 23, 2026
CDRE overview ready
Cadre is a direct manufacturer and distributor of mission-critical personal-protection and tactical equipment.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Force Protection and Soldier Survivability Equipment — pure play.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on government and defense spending.
Market Oct 22Filing Jun 30Price action Oct 22Research Oct 21

Conviction Level

NarrativeHeat8.0ThemeHeat5.7PriceAction8.0Valuation5.1CompanyPosition7.3BusinessQuality7.8
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.2B
Avg Volume (60D)
494.6K
60 sessions
Revenue Growth YoY
+7.5%
FY2025 vs FY2024
Gross Margin
+41.8%
Trailing twelve months
Operating Margin
+10.1%
Trailing twelve months
Free Cash Flow Yield
+6.6%
Distance from 200DMA
-9.4%
Next Earnings
2026-11-04
P/E
32.8x
EV / EBITDA
16.5x
EV / Sales
2.2x
Market metrics as of Oct 21, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Cadre Holdings, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • CDRE rose 8.9% in one session
    CDRE closed +8.9% while the broad market was close to flat (-1.2%).
    2026-10-22

Company Research

Thesis
Cadre is a direct manufacturer and distributor of mission-critical personal-protection and tactical equipment.
Opportunity
Moderate opportunity
Military, law-enforcement, and first-responder procurement of body armor, tactical load-bearing equipment, explosive-ordnance-disposal protection, helmets, respiratory protection, and related mission-survivability systems.
Key risk
Dependence on government and defense spending.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Force Protection and Soldier Survivability Equipment, with strong fit.
CDRE is a genuine, direct beneficiary of defense and public-safety demand for force-protection equipment rather than a generic defense adjacency.
Narrative HeatHeating up8.0 / 10
Theme HeatNeutral5.7 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Aerospace & Defense
What they do

Cadre Holdings, Inc. manufactures and distributes safety equipment and related products that protect users in hazardous or life-threatening situations, operating through Product and Distribution segments.

How it earns

The company generates revenue primarily through transactional sales of safety and protective equipment.

Products & services
Body armor (concealable, corrections, tactical)
Survival suits
Remotely operated vehicles
Specialty tools
Blast sensors
Vehicle blast attenuation seats
Bomb suits
Duty gear
Customers & end markets
Law enforcement agencies
Military and defense organizations
Public safety professionals
Market position

Niche player specializing in safety and protective equipment for hazardous environments.

Demand drivers
Medium cyclicality

Demand is influenced by government and defense budgets which can fluctuate with political and economic cycles.

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