Growth Metrics

Cadre Holdings (CDRE) Operating Expenses (2020 - 2025)

Cadre Holdings posted quarterly Operating Expenses of $48.0 million for Q3 2025, up 38.63% year-on-year from $34.6 million in Q3 2024, and down 3.25% on a QoQ basis from $49.6 million in Q2 2025.

Cadre Holdings (CDRE) has 6 years of Operating Expenses data on file, last reported at $48.0 million in Q3 2025.

  • For the quarter ending Q3 2025, Operating Expenses rose 38.63% year-over-year to $48.0 million; the trailing twelve-month figure through Dec 2025 stood at $140.1 million (down 15.97% YoY), and the FY2024 full-year result was $166.7 million, up 15.61% from the prior year.
  • Operating Expenses for Q3 2025 stood at $48.0 million, down from $49.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $54.7 million in Q1 2022 and bottomed at $27.8 million in Q3 2021.
  • The 5-year median for Operating Expenses is $35.8 million (2022), against an average of $38.4 million.
  • The widest annual swing landed in 2022, when Operating Expenses soared 91.66%; it then tumbled 35.25% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $29.9 million in 2021, then climbed by 19.85% to $35.8 million in 2022, then climbed by 3.56% to $37.1 million in 2023, then increased by 28.86% to $47.8 million in 2024, then grew by 0.35% to $48.0 million in 2025.
  • The last three Operating Expenses figures came in at $48.0 million (Q3 2025), $49.6 million (Q2 2025), and $42.6 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 10.18 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 19.59 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 12.06 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn 132.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn 8.89 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 273.00 Mn
10 Cadre Holdings 1.28 Bn 1.15 Bn - -

Historic Data

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DateValue
Sep 30, 2025 47.95 Mn
Jun 30, 2025 49.56 Mn
Mar 31, 2025 42.58 Mn
Dec 31, 2024 47.78 Mn
Sep 30, 2024 34.59 Mn
Jun 30, 2024 38.70 Mn
Mar 31, 2024 45.65 Mn
Dec 31, 2023 37.08 Mn
Sep 30, 2023 36.87 Mn
Jun 30, 2023 34.86 Mn
Mar 31, 2023 35.40 Mn
Dec 31, 2022 35.81 Mn
Sep 30, 2022 33.42 Mn
Jun 30, 2022 35.06 Mn
Mar 31, 2022 54.67 Mn
Dec 31, 2021 29.88 Mn
Sep 30, 2021 27.77 Mn
Jun 30, 2021 32.81 Mn
Mar 31, 2021 28.53 Mn
Dec 31, 2020 30.50 Mn
Sep 30, 2020 27.24 Mn