undamentalytics Newsletter

Cadre Holdings vs Rocket Lab

Cadre Holdings and Rocket Lab are similar in size: $610m and $602m of revenue in their latest fiscal years. Rocket Lab grew faster (38.0% against 7.5%). Cadre Holdings kept more of each dollar of sales as profit: a net margin of 7.2% against -32.9%. Rocket Lab carries less debt relative to equity (8.9% against 96.7%).

Latest fiscal yearCadre HoldingsCDRE, 2025Rocket LabRKLB, 2025
Revenue $610m $602m
Revenue growth 7.5% 38.0%
Net income $44.1m −$198m
Operating margin 11.0% -38.0%
Net margin 7.2% -32.9%
Return on equity 14.0% -18.8%
Free cash flow $56.8m −$322m
Cash $123m $829m
Total debt $307m $152m
Debt to equity 96.7% 8.9%
Dividend per share — —
Dividend yield 1.2% —
Share buybacks — —
Employees 2,533 2,600
Market value $1.34bn $32.09bn
Price vs our value range Within our value range —
Moat score 61 (Moderate) 12 (Weak)
Insider trades, 12 months 0 buys, 18 sales 0 buys, 216 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.