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Cadre Holdings Inc

Cadre Holdings Inc

CDRE
$29.06USD↓-3.71%-1.12 today

MARKET CAP

1.2B

P/E (TTM)

32.7x

FWD P/E

21.8x

DAY RANGE

$29 – $31

52W RANGE

$26
$49

AI Summary

Stalk
Buy NowMedium

CDRE remains in an early, fragile Stage 1 consolidation following a mid-July Bullish Pivot Point. Short EMAs have repaired and price is tracking above the 9/21 EMAs without exhaustion, indicating failed downside control and the emergence of upward mean reversion. With medium-term directional permission for bullish mean reversion and supportive EMA interaction, initiating exposure on pullbacks into the pivot zone and EMAs is timely.

  • ↑Net sales rose 19% YoY to $155.4M; backlog hit $355M for 2026 conversion.
  • ↑2026 adjusted EBITDA outlook of $136M–$141M tied to pricing power and productivity.
  • ↓Earnings yield weakness raises valuation concerns at current prices.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Cadre Holdings, Inc. (NYSE: CDRE) operates as a leading provider of mission-critical safety products serving a diverse clientele, including law enforcement and military sectors. With a focus on protective equipment, particularly in the nuclear sector, Cadre is strategically positioned to benefit from rising defense budgets and heightened security concerns amid geopolitical tensions. The company has a strong M&A strategy to enhance its product offerings and maintain a competitive edge in the evolving market.

Bull says

  • ↑Net sales rose 19% YoY to $155.4M; backlog hit $355M for 2026 conversion.
  • ↑2026 adjusted EBITDA outlook of $136M–$141M tied to pricing power and productivity.
  • ↑Geopolitical-driven defense spending tailwinds to benefit core safety product demand.
  • ↑Tier Tactical acquisition bolsters market position and diversifies product mix.
  • ↑Analyst consensus Strong Buy with $39.75 target, ~37% upside.
  • ↑High profitability and growth factor profiles indicate strong operational execution.

Bear says

  • ↓Earnings yield weakness raises valuation concerns at current prices.
  • ↓Balance sheet vulnerabilities worsened by acquisition-related debt loads.
  • ↓State and local budget challenges may cut discretionary law enforcement orders.
  • ↓Competitive pressures and rising costs risk compressing margins.
  • ↓Supply chain disruptions post-acquisitions could delay contract fulfillment.
  • ↓Deteriorating analyst sentiment and elevated stock volatility dampen confidence.

Investment themes with CDRE

Defense↓ -0.89%

Military equipment and defense contractors

BWXT · RKLB · CRS

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-13-2026neutral

Transcript signals

Bull points

  • We anticipate additional M&A in 2026 and will target deals that broaden our product range and or increase our customer wallet share.
  • Q1 net sales of $155.4 million increased 19% year-over-year.
  • Our full-year growth implies year-over-year revenue and adjusted EBITDA growth of 22.4% and 24%, respectively, at the midpoints.

Bear points

  • For the first time since COVID and the defund the police movement, there has been an uptick in publicized budget challenges for various cities, which could translate into cuts in state and local law enforcement budgets.
  • A development to call out here is the 2027 budget submitted to Congress from the DOE. Overall, the budget was up 10%, which is positive. However, non-NNSA funding, which is mostly inclusive of clean energy spending, was down 11%. This underpins our comments from last earnings related to administration's shifting priorities.
  • it seems like the quarter was pretty much in line. Just a couple questions. Was the weakness you called out on the hard goods and distributor side, is that something new, something that concerns you?
Read full transcript analysis ›