Cadre Q4 Revenue Drops 5% to $167.2M; FY Revenue Guidance Tops Estimates
Cadre’s Q4 revenue fell 5% year-on-year to $167.2 million, missing estimates by 9.3%, while GAAP EPS of $0.27 per share missed consensus by 32.5%. The company raised full-year 2026 revenue guidance to a midpoint of $747 million, 2.5% above analyst forecasts.
1. Q4 Revenue and Earnings Miss Estimates
Cadre reported Q4 net sales of $167.2 million, down 5% from last year and 9.3% below the $184.3 million analysts projected. GAAP EPS came in at $0.27, falling 32.5% short of the $0.40 consensus, while adjusted EBITDA of $34.4 million missed by 7.7%.
2. Full-Year 2026 Revenue and EBITDA Guidance
The company issued full-year 2026 revenue guidance with a midpoint of $747 million, 2.5% above the $729 million analyst estimate. However, adjusted EBITDA guidance of $138.5 million at the midpoint trails the $139.9 million forecast, signaling cautious earnings expectations.
3. Margin and Efficiency Trends
Operating margin contracted to 12.2% from 16.7% a year ago, and free cash flow margin dipped to 10.7% from 12.7%, reflecting higher relative expenses. These declines highlight pressure on cost efficiency despite strong long-term growth trends.