Cadre Holdings Inc. Common Stock (CDRE)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $26.15 on 2026-10-13, Cadre carries a $1.1 billion market value, and FairStock calculates a P/E of 32.28 and P/B of 3.23. Graham's number is $12.15, so the price is more than double that conservative estimate. The company does generate cash: trailing free cash flow was $78.1 million, a 7.0% FCF yield. But I want consistency. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $207.1 million, net income $11.4 million, and diluted EPS $0.26. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $157.1 million, net income $12.2 million, and diluted EPS $0.30. Sales rose sharply, yet profit and per-share earnings fell. For the full years: in fiscal 2025 revenue was $610.3 million, net income $44.1 million, diluted EPS $1.02; in fiscal 2024 revenue was $567.6 million, net income $36.1 million, diluted EPS $0.90; in fiscal 2023 revenue was $482.5 million, net income $38.6 million, diluted EPS $1.02. The top line grows, but earnings are lumpy. FairStock shows ROE 10.62%, ROCE 6.13%, and debt/equity 1.15. The Altman Z-Score of 1.79 is a caution flag, while Piotroski 7/9 is respectable. Cadre sells mission-critical safety gear, which may create stickiness, but I see no evidence of a wide moat. FairStock labels it a slow grower, citing 2.8% profit growth and 8.6% revenue growth over five years. I see a fair business, not a bargain.

In plain English: Cadre makes protective equipment like body armor and safety gear for dangerous jobs. The business looks mixed: sales have grown quickly, but profits have not kept up and the company carries a fair amount of debt. At $26.15, the price looks high compared with its recent profits and the value of its assets, even though it produces solid cash.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer