Cadre Holdings, Inc.

CDRE · Orthopedic, Prosthetic & Surgical Appliances & Supplies · 42.8M shares · +8%/yr ↑ shares · EDGAR filings ↗

Reference price $27.43 · est. market cap ~$1.2B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B76

Cadre Holdings — safety/armor and protective-equipment maker for first responders.

Strengths

ROE 13.9% (85th pct), ROA (82nd); strong liquidity (current 3.5) and FCF (78th)
Recurring, replacement-driven demand and niche leadership

Risks

Leverage (D/E 0.97) from acquisitions
Government-budget and order-timing sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $123M cash & investments
Insider sellingInsider selling — 7 open-market sale(s) by 1 insider(s) (~$15M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $157M2025-09-30 · $156M2025-12-31 · $167M2026-03-31 · $155M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

42.5%

Operating margin

11.0%

Net margin

7.2%

Return on equity

13.9%

Return on assets

5.7%

ROIC

8.5%

Revenue growth (QoQ)

-7.1%

Net-income growth

22.2%

Debt / equity

1.0×

Net debt / EBITDA

2.1×

Current ratio

3.5×

Free cash flow

$57M

EBITDA

$86M

Tangible book value

$21M

Cash & investments

$123M

Stock comp / revenue

2.0%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-22	KANDERS WARREN B	Sell	50K	$27.43
2026-06-18	KANDERS WARREN B	Sell	25K	$27.86
2026-06-17	KANDERS WARREN B	Sell	25K	$28.68
2026-06-16	KANDERS WARREN B	Sell	100K	$28.19
2026-06-15	KANDERS WARREN B	Sell	100K	$30.03
2026-03-23	KANDERS WARREN B	Sell	100K	$31.93
2026-03-20	KANDERS WARREN B	Sell	100K	$31.40
2026-03-18	Williams Brad	Option exercise	4.5K	—
2026-03-18	Williams Brad	Tax withheld	1.1K	$32.22
2026-03-18	Browers Blaine	Option exercise	3.3K	—
2026-03-18	Browers Blaine	Tax withheld	1.3K	$32.22
2026-03-18	KANDERS WARREN B	Option exercise	11K	—
2026-03-18	KANDERS WARREN B	Tax withheld	4.4K	$32.22
2026-03-13	Browers Blaine	Tax withheld	1.3K	$31.65
2026-03-13	Williams Brad	Option exercise	4.2K	—
2026-03-13	Williams Brad	Tax withheld	1.0K	$31.65
2026-03-13	Williams Brad	Option exercise	5.2K	—
2026-03-13	Williams Brad	Tax withheld	1.4K	$31.65
2026-03-13	Browers Blaine	Option exercise	3.4K	—
2026-03-13	Browers Blaine	Option exercise	4.3K	—
2026-03-13	Browers Blaine	Tax withheld	1.8K	$31.65
2026-03-13	KANDERS WARREN B	Option exercise	11K	—
2026-03-13	KANDERS WARREN B	Tax withheld	4.5K	$31.65
2026-03-13	KANDERS WARREN B	Option exercise	13K	—
2026-03-13	KANDERS WARREN B	Tax withheld	4.9K	$31.65
2025-12-24	KANDERS WARREN B	Gift	12K	—
2025-12-12	Browers Blaine	Sell	20K	$43.79
2025-12-10	Williams Brad	Sell	24K	$42.99
2025-11-17	KANDERS WARREN B	Sell	1.3M	$39.00
2025-11-17	KANDERS WARREN B	Sell	87K	$39.00
2025-11-13	Williams Brad	Sell	27K	$43.62
2025-11-10	KANDERS WARREN B	Option exercise	2.0M	—
2025-11-10	KANDERS WARREN B	Tax withheld	787K	$43.32
2025-10-24	Williams Brad	Sell	4.1K	$43.00
2025-10-14	Williams Brad	Sell	4.1K	$40.00
2025-09-23	Williams Brad	Sell	4.1K	$37.00
2025-06-23	KANDERS WARREN B	Sell	25K	$32.78
2025-06-20	KANDERS WARREN B	Sell	50K	$33.01
2025-06-18	KANDERS WARREN B	Sell	50K	$33.95
2025-06-04	KANDERS WARREN B	Sell	25K	$33.99
2025-06-03	KANDERS WARREN B	Sell	100K	$33.51
2025-05-30	KANDERS WARREN B	Sell	50K	$32.75
2025-05-28	KANDERS WARREN B	Sell	50K	$32.70
2025-05-27	KANDERS WARREN B	Sell	50K	$33.11
2025-05-23	KANDERS WARREN B	Sell	50K	$32.65
2025-05-22	KANDERS WARREN B	Sell	50K	$33.19
2025-05-20	KANDERS WARREN B	Sell	100K	$34.86
2025-03-21	KANDERS WARREN B	Sell	50K	$30.98
2025-03-20	KANDERS WARREN B	Sell	50K	$31.88
2025-03-19	KANDERS WARREN B	Sell	100K	$31.73
2025-03-18	Browers Blaine	Tax withheld	800	$32.33
2025-03-18	KANDERS WARREN B	Option exercise	11K	—
2025-03-18	KANDERS WARREN B	Tax withheld	4.4K	$32.33
2025-03-18	KANDERS WARREN B	Sell	50K	$32.20
2025-03-18	Browers Blaine	Option exercise	3.3K	—
2025-03-18	Williams Brad	Option exercise	4.5K	—
2025-03-18	Williams Brad	Tax withheld	1.1K	$32.33
2025-03-17	KANDERS WARREN B	Sell	100K	$32.38
2025-03-14	KANDERS WARREN B	Sell	100K	$33.86
2025-03-13	Browers Blaine	Tax withheld	826	$34.91
2025-03-13	KANDERS WARREN B	Option exercise	11K	—
2025-03-13	KANDERS WARREN B	Tax withheld	3.0K	$34.91
2025-03-13	Williams Brad	Option exercise	4.2K	—
2025-03-13	Williams Brad	Tax withheld	1.0K	$34.91
2025-03-13	Browers Blaine	Option exercise	3.4K	—
2025-03-09	Browers Blaine	Option exercise	2.9K	—
2025-03-09	Browers Blaine	Tax withheld	1.3K	$34.02
2025-03-09	Williams Brad	Option exercise	3.9K	—
2025-03-09	Williams Brad	Tax withheld	1.6K	$34.02
2025-03-09	KANDERS WARREN B	Option exercise	10K	—
2025-03-09	KANDERS WARREN B	Tax withheld	4.1K	$34.02
2024-12-30	KANDERS WARREN B	Gift	129K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-03	Exec/director changeShareholder vote	filing ↗
2026-05-11	ResultsExhibits	filing ↗
2026-03-10	ResultsExhibits	filing ↗
2026-02-02	Material agreementExhibits	filing ↗
2025-11-04	ResultsExhibits	filing ↗
2025-11-03	Material agreementExhibits	filing ↗
2025-10-29	Reg FDExhibits	filing ↗
2025-10-08	Reg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-03	2026-05-29	0001104659-26-070114 ↗
10-Q	2026-05-11	2026-03-31	0001104659-26-058670 ↗
8-K	2026-05-11	2026-05-11	0001104659-26-058660 ↗
10-K	2026-03-10	2025-12-31	0001104659-26-025862 ↗
8-K	2026-03-10	2026-03-10	0001104659-26-025848 ↗
8-K/A	2026-02-02	2025-10-28	0001104659-26-008994 ↗
10-Q	2025-11-04	2025-09-30	0001104659-25-106299 ↗
8-K	2025-11-04	2025-11-04	0001104659-25-106290 ↗
8-K	2025-11-03	2025-10-28	0001104659-25-105558 ↗
8-K	2025-10-29	2025-10-29	0001104659-25-103556 ↗
8-K	2025-10-08	2025-10-08	0001104659-25-097750 ↗
10-Q	2025-08-05	2025-06-30	0001558370-25-010299 ↗