Astronics vs Cadre Holdings
Astronics is the larger business, with $862m of revenue in fiscal 2025 against $610m for Cadre Holdings (1.4 times as much). Astronics grew faster (8.4% against 7.5%). Cadre Holdings kept more of each dollar of sales as profit: a net margin of 7.2% against 3.4%.
| Latest fiscal year | AstronicsATRO, 2025 | Cadre HoldingsCDRE, 2025 |
|---|---|---|
| Revenue | $862m | $610m |
| Revenue growth | 8.4% | 7.5% |
| Net income | $29.4m | $44.1m |
| Operating margin | — | 11.0% |
| Net margin | 3.4% | 7.2% |
| Return on equity | 14.8% | 14.0% |
| Free cash flow | $43.1m | $56.8m |
| Cash | $18.2m | $123m |
| Total debt | $334m | $307m |
| Debt to equity | — | 96.7% |
| Dividend per share | — | — |
| Dividend yield | — | 1.2% |
| Share buybacks | — | — |
| Employees | 2,700 | 2,533 |
| Market value | $2.85bn | $1.34bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 23 (Weak) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 18 sales |