CDRE Cadre Holdings, Inc.

Overview and Growth

Cadre Holdings, Inc. generated $610.31M of revenue in fiscal 2025, with net income of $44.14M and an operating cash inflow of $63.70M. Revenue of $610.31M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $567.56M in fiscal 2024, revenue recorded a 7.5% year-over-year increase. On a per-share basis, diluted EPS was $1.02, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.90 in fiscal 2024, the current result was 13.3% higher. Asset turnover was 0.79x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $259.63M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 42.5% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $67.35M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 11.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $44.14M for the fiscal year. Measured against reported revenue, net income produced a 7.2% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $62.33M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 10.2%, relating income before taxes directly to revenue. The reported income-tax provision was $18.19M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 29.2% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

At period end, the $770.03M asset base was financed through $452.23M of liabilities and $317.80M of equity. The near-term balance sheet paired $365.87M of current assets with $104.50M of current liabilities at the reporting date. Current assets covered current liabilities by 3.5x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $122.90M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 117.6%, excluding receivables and other current assets. Total debt was $307.25M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.97x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 39.9%, showing how much of the asset base was matched by borrowing. Liabilities represented 58.7% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 16.0%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Cash flow from operations was $63.70M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 1.44x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $6.86M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 10.8% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $56.85M of positive free cash flow for the period. Free cash flow represented 9.3% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 7.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.