CDRECadre Holdings, Inc.
Orthopedic, Prosthetic & Surgical Appliances & Supplies
- Revenue
- $610M
- 7.5% YoY
- Operating margin
- 11.0%
- 6.2% YoY
- EBITDA
- $86M
- 3.4% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.5×
- $300M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear144% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear25% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $427M | $458M | $483M | $568M | $610M | 7.5% |
| Operating income | $52M | $17M | $57M | $67M | $67M | 0.9% |
| Net income | $13M | $6M | $39M | $36M | $44M | 22% |
| Operating cash flow | $40M | $46M | $73M | $32M | $64M | 100% |
| Capex | $3M | $4M | $7M | $6M | $7M | 21% |
| Stock-based comp | $355K | $32M | $9M | $8M | $12M | 46% |
| Dividends | $13M | $12M | $12M | $14M | $15M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.