Weekly Pick: CDRE

Small-cap industrial with a confluence of bullish indicators

Dec 07, 2025

CDRE scores high Tier 1 in my model. It’s a steady operator with the confluence of bullish indicators I look for: strong technical setup, strong fundamentals, and an asymmetrical float structure that creates a clear risk/reward advantage.

Cadre Holdings Inc (CDRE)

Cadre manufactures protective equipment for military units, federal agencies, police, bomb squads, and fire/EMS teams. Product lines include body armor, helmets, explosive-ordnance gear, and tactical communication systems. This is is equipment agencies replace on regular cycles.

Revenue has grown steadily, margins have improved, and operating discipline has been consistent. The customer base is sticky, procurement is recurring, and the business isn’t tied to consumer cycles.

Fundamentals and Ownership

Market capitalization $1.74B.
Current P/E 38.68 | Forward P/E 31.23.
Year over year sales increases since 2020.
Solid balance sheet liquidity.
Headline short float is 7.1%.
The float is structurally tight. Institutions and insiders together control nearly all outstanding shares, leaving very little true tradable supply. That’s significant upside fuel when volume comes in.

Technicals

Full bull structure on all time frames.
Pulled back from a recent ATH following their November earnings release.
On the Daily it tested the 50EMA, and is now consolidating above the 8EMA.
Volume has dried up in the flag, with no heavy sell days. That’s classic seller exhaustion on the pullback.

Daily