Cadre Holdings, Inc. (CDRE)

NYSE · Orthopedic, Prosthetic & Surgical Appliances & Supplies

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

39 entities across 13 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware15 England and Wales8 Canada3 Pennsylvania2 Italy2 Colorado2 Mexico1 Hong Kong1 Netherlands1 Belgium1 France1 New Mexico1

Subsidiaries of Cadre Holdings, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Safariland, LLC	Delaware
Safariland Global Sourcing, LLC	Delaware
Horsepower, LLC	Delaware
Sencan Holdings, LLC	Delaware
Med-Eng, LLC	Delaware
Atlantic Tactical, Inc.	Pennsylvania
GH Armor Systems Inc.	Delaware
Defense Technology, LLC	Delaware
Safariland Distribution, LLC	Delaware
United Uniform Distribution, LLC	Delaware
Safariland Internacional S.A. de C.V.	Mexico
The Safariland Group Hong Kong Limited	Hong Kong
The Safariland Group Nederland B.V.	Netherlands
The Safariland Group SPRL	Belgium
Pacific Safety Products Inc.	Canada
TSG UK Investment Holdings Limited	England and Wales
Safariland UK Holding Limited	England and Wales
Safariland UK Ltd.	England and Wales
LBA International Limited	England and Wales
SenCan Limited	England and Wales
TSG Italy Investment Holdings S.r.l.	Italy
Radar Leather Division S.r.l.	Italy
Cyalume Technologies, Inc.	Delaware
CT SAS Holdings, Inc.	Delaware
Cyalume Technologies SAS	France
ICOR Technology, Inc.	Canada
Alpha Safety Intermediate, LLC	Delaware
NucFil, LLC	Colorado
Pajarito Scientific Corporation	Delaware
NFT-EPD, LLC	Colorado
Pajarito Scientific Security Corporation	New Mexico
Pajarito Scientific Corporation, Canada	Canada
Pajarito Scientific Corporation UK LTD	England and Wales
Zircaloy Holdings, LLC	Delaware
Zircaloy Engineering US, Inc.	Delaware
NuVision Engineering, Inc.	Pennsylvania
Bendalls Engineering Limited	England and Wales
NW Total Engineered Solutions Limited	England and Wales
Wälischmiller Engineering GmbH	Germany

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 9

PASSReturn on assets positiveROA 5.7%
PASSOperating cash flow positiveOCF 64M
PASSReturn on assets improving5.5% → 5.7%
PASSCash flow exceeds earningsOCF 64M vs NI 44M
FAILLong-term debt ratio falling32.5% → 37.8% of assets
PASSCurrent ratio improving3.48 → 3.50
FAILNo share dilution40M → 43M shares
PASSGross margin improving41.1% → 42.5%
FAILAsset turnover improving0.87× → 0.79×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$404.6M	$38.5M	$40.7M	37.8%	27,483,350
FY2021	$427.3M	$12.7M	$37.3M	39.9%	28,598,692
FY2022	$457.8M	$5.8M	$41.9M	38.4%	36,122,374
FY2023	$482.5M	$38.6M	$66.5M	41.6%	37,920,488
FY2024	$567.6M	$36.1M	$26.1M	41.1%	40,332,042
FY2025	$610.3M	$44.1M	$56.8M	42.5%	43,432,872

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of Cadre Holdings, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	773,516	+86,662	$22.1M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $0.10
2026Q1: $0.10
2025Q3: $0.10
2025Q2: $0.10
2025Q1: $0.10
2024Q3: $0.09

Identity

CIK: 0001860543
SIC: 3842 · Orthopedic, Prosthetic & Surgical Appliances & Supplies
Incorporated: DE
Headquarters: JACKSONVILLE, FL

Ownership

Institutional: 79.4%
Institutions: 238
Insiders: 27.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other orthopedic, prosthetic & surgical appliances & supplies companies

Cadre Holdings, Inc. files under SIC 3842 — all 8 orthopedic, prosthetic & surgical appliances & supplies companies compared on assets and F-score.

ZIMMER BIOMET HOLDINGS, INC.ZBH INTUITIVE SURGICAL INCISRG STERIS plcSTE Enovis CORPENOV MSA Safety IncMSA ESTABLISHMENT LABS HOLDINGS INC.ESTA

Questions about Cadre Holdings, Inc.

How many subsidiaries does Cadre Holdings, Inc. file with the SEC?: 39, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Delaware, Pennsylvania, Mexico. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Cadre Holdings, Inc. financially healthy?: Cadre Holdings, Inc. scores 6 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Cadre Holdings, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

39 entities across 13 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Entity

Jurisdiction

Note

Safariland, LLC

Delaware

Safariland Global Sourcing, LLC

Delaware

Horsepower, LLC

Delaware

Sencan Holdings, LLC

Delaware

Med-Eng, LLC

Delaware

Atlantic Tactical, Inc.

Pennsylvania

GH Armor Systems Inc.

Delaware

Defense Technology, LLC

Delaware

Safariland Distribution, LLC

Delaware

United Uniform Distribution, LLC

Delaware

Safariland Internacional S.A. de C.V.

Mexico

The Safariland Group Hong Kong Limited

Hong Kong

The Safariland Group Nederland B.V.

Netherlands

The Safariland Group SPRL

Belgium

Pacific Safety Products Inc.

Canada

TSG UK Investment Holdings Limited

England and Wales

Safariland UK Holding Limited

England and Wales

Safariland UK Ltd.

England and Wales

LBA International Limited

England and Wales

SenCan Limited

England and Wales

TSG Italy Investment Holdings S.r.l.

Italy

Radar Leather Division S.r.l.

Italy

Cyalume Technologies, Inc.

Delaware

CT SAS Holdings, Inc.

Delaware

Cyalume Technologies SAS

France

ICOR Technology, Inc.

Canada

Alpha Safety Intermediate, LLC

Delaware

NucFil, LLC

Colorado

Pajarito Scientific Corporation

Delaware

NFT-EPD, LLC

Colorado

Pajarito Scientific Security Corporation

New Mexico

Pajarito Scientific Corporation, Canada

Canada

Pajarito Scientific Corporation UK LTD

England and Wales

Zircaloy Holdings, LLC

Delaware

Zircaloy Engineering US, Inc.

Delaware

NuVision Engineering, Inc.

Pennsylvania

Bendalls Engineering Limited

England and Wales

NW Total Engineered Solutions Limited

England and Wales

Wälischmiller Engineering GmbH

Germany

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 9

PASSReturn on assets positiveROA 5.7%
PASSOperating cash flow positiveOCF 64M
PASSReturn on assets improving5.5% → 5.7%
PASSCash flow exceeds earningsOCF 64M vs NI 44M
FAILLong-term debt ratio falling32.5% → 37.8% of assets
PASSCurrent ratio improving3.48 → 3.50
FAILNo share dilution40M → 43M shares
PASSGross margin improving41.1% → 42.5%
FAILAsset turnover improving0.87× → 0.79×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$404.6M

$38.5M

$40.7M

37.8%

27,483,350

FY2021

$427.3M

$12.7M

$37.3M

39.9%

28,598,692

FY2022

$457.8M

$5.8M

$41.9M

38.4%

36,122,374

FY2023

$482.5M

$38.6M

$66.5M

41.6%

37,920,488

FY2024

$567.6M

$36.1M

$26.1M

41.1%

40,332,042

FY2025

$610.3M

$44.1M

$56.8M

42.5%

43,432,872

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of Cadre Holdings, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	773,516	+86,662	$22.1M

Questions about Cadre Holdings, Inc.

How many subsidiaries does Cadre Holdings, Inc. file with the SEC?

39, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Delaware, Pennsylvania, Mexico. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Cadre Holdings, Inc. financially healthy?

Cadre Holdings, Inc. scores 6 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Cadre Holdings, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.