Cadre Holdings, Inc. (CDRE) is one of the 8 Best Small-Cap Defense Stocks to Buy Right Now, with a 12.90% upside potential as of November 14.

B. Riley raised CDRE’s price target to $62 from $50 with a Buy rating after its Q3 earnings beat, citing continued growth and robust demand in public safety and nuclear markets.

In Q3, CDRE’s net sales grew 42.5% to $155.9 million, driven by strong demand for armor and duty gear products. Gross profit margin improved to 42.7%.

CDRE’s net income for Q3 was $10.9 million, up from $3.7 million in Q3 2024, with diluted EPS at $0.27 beating estimates by one cent.

The company reaffirmed its 2025 full-year outlook, expecting net sales between $624 million and $630 million and adjusted EBITDA of $112 million to $116 million.

Management highlighted national defense initiatives and rising global safety threats as factors driving sustainable growth for CDRE in the long term.

CDRE manufactures and distributes safety equipment for law enforcement, military, and nuclear markets, gaining 33% year-to-date in 2025.

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