Cadre
Makes body armor, duty gear, EOD equipment, and nuclear safety products.
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Profile
Manufactures safety equipment for law enforcement, first responders, military users, and nuclear markets through Product and Distribution segments. Core lines include Safariland body armor and duty gear, Med-Eng EOD equipment, tactical gear, nuclear safety products, and third-party public-safety distribution.
Manufactures and distributes safety equipment for law enforcement, first responders, military users, and nuclear markets. The Product segment covers body armor, duty gear and holsters, EOD equipment and robots, blast-protection systems, tactical gear, and nuclear safety products under brands such as Safariland, Med-Eng, and TYR Tactical.
Distribution operates as a public-safety supply channel, selling Cadre-made goods and third-party items such as uniforms, optics, boots, firearms, and ammunition. Products reach federal, state, and local agencies and are used internationally across responder and defense workflows.
Execution depends on product certification, agency procurement, manufacturing reliability, and continued integration of acquired platforms. Cybersecurity has also been a documented operational dependency, after prior incidents temporarily disrupted selected production and order fulfillment.
Company facts
Categories
Key statistics
Year to date −25.2% · Average volume (30d) 378.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | UBS | Target | $43 | |||
| Aug 9, 2026 | Jefferies | Reiterate | Buy | $40 | $43 | |
| May 13, 2026 | Roth Capital | Target | $50 | $40 | ||
| May 13, 2026 | Jefferies | Target | $40 | |||
| Feb 4, 2026 | Lake Street | Target | $43 | $53 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.22 | $0.26 | +18.2% | $178.3M | $207.1M | +16.2% | +12.86% |
| May 11, 2026Q1 FY26 | $0.09 | $0.15 | +66.7% | $155.3M | $155.4M | +0.1% | −9.50% |
| Mar 10, 2026Q4 FY25 | $0.40 | $0.27 | −32.5% | $182.9M | $167.2M | −8.6% | −13.47% |
| Nov 4, 2025Q3 FY25 | $0.26 | $0.27 | +3.8% | $182.0M | $155.9M | −14.3% | +6.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $130.1M | $157.1M | $155.9M | $167.2M | $155.4M | $207.1M | |
| Gross profit | $55.1M | $63.0M | $65.3M | $68.3M | $58.7M | $87.1M | |
| Operating income | $14.3M | $18.0M | $20.9M | $21.9M | $9.3M | $22.5M | |
| Net income | $9.2M | $12.2M | $10.9M | $11.7M | $2.0M | $11.4M | |
| Diluted EPS | $0.23 | $0.30 | $0.27 | $0.27 | $0.05 | $0.26 | |
| Gross margin | 42.4% | 40.1% | 41.9% | 40.9% | 37.7% | 42.1% | |
| Operating margin | 11.0% | 11.5% | 13.4% | 13.1% | 6.0% | 10.8% |
Fiscal years (4-quarter sums)FY21 $427.3M · FY22 $457.8M · FY23 $482.5M · FY24 $567.6M · FY25 $610.3M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $54.0M · Total debt $399.8M · Total assets $917.3M · Shareholders' equity $346.8M
Dividends
Raised for 3 straight years — most recently to $0.10 from $0.095 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 14 | $0.10 | |
| May 1, 2026 | May 1 | May 15 | $0.10 | |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.10 | raised from $0.095 |
| Oct 31, 2025 | Oct 31 | Nov 14 | $0.095 | |
| Aug 1, 2025 | Aug 1 | Aug 15 | $0.095 | |
| May 2, 2025 | May 2 | May 16 | $0.095 | |
| Jan 31, 2025 | Jan 31 | Feb 14 | $0.095 | raised from $0.0875 |
| Nov 1, 2024 | Nov 1 | Nov 15 | $0.0875 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 42.80M · Float 28.13M · 65.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Warren B. Kanders · director, 10 percent owner, officer: CEO AND CHAIRMAN | 9.44M | 22.06% | Form 4 | Aug 26, 2026 |
| BlackRock, Inc. | 2.94M | 6.86% | 13F | Aug 7, 2026 |
| Greenhouse Funds LLLP | 2.87M | 6.70% | 13F | Aug 14, 2026 |
| Reinhart Partners, Inc. | 2.74M | 6.40% | 13F | Jul 8, 2026 |
| FMR LLC | 2.48M | 5.78% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Warren B. Kanders | director, 10 percent owner, officer: CEO AND CHAIRMAN | −100,000 | $31.87 |
| Aug 24, 2026 | Warren B. Kanders | director, 10 percent owner, officer: CEO AND CHAIRMAN | −100,000 | $33.36 |
| Aug 17, 2026 | Brad Williams | officer: PRESIDENT | −88,742 | $33.24 |
| Jun 22, 2026 | Warren B. Kanders | director, 10 percent owner, officer: CEO AND CHAIRMAN | −50,000 | $27.43 |
| Jun 18, 2026 | Warren B. Kanders | director, 10 percent owner, officer: CEO AND CHAIRMAN | −25,000 | $27.86 |
Peers
- MSA
Professional safety gear for first responders and hazardous-duty teams
- Teledyne Technologies
EOD robotics and CBRN-capable unmanned ground systems
- Mirion Technologies
Radiation safety and nuclear monitoring for critical facilities
- Curtiss-Wright
Nuclear plant equipment and engineered safety technologies
- Axon Enterprise
Less-lethal tools and connected law-enforcement safety systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cadre | $30.74 | −0.03% | $1.32B | 36.2 | 21.8 | 1.9 | +31.8% |
| MSA | $190.34 | −0.04% | $7.35B | 23.7 | 19.8 | 3.8 | +6.2% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Mirion Technologies | $14.66 | +2.02% | $3.50B | 153.8 | 24.5 | 3.4 | +19.7% |
| Curtiss-Wright | $596.37 | −0.07% | $22.03B | 41.0 | 36.9 | 6.0 | +5.4% |
| Axon Enterprise | $601.00 | −0.05% | $48.42B | 249.0 | 67.0 | 15.0 | +35.3% |
| Median | 41.0 | 24.5 | 4.5 | +9.8% |