Cadeler A/S(CDLR)Earnings, Financials & Key Ratios
CDLR•NYSE
$23.64
6.8× P/E·Price updated Jul 6, 2026
AboutCadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels. Cadeler A/S was incorporated in 2008 and is headquartered in Copenhagen, Denmark.Show more
- Revenue$596M+139.6%
- EBITDA$400M+221.5%
- Net Income$269M+313.6%
- EPS (Diluted)3.04+300.0%
- Gross Margin61.26%+25.4%
- EBITDA Margin67.15%+34.2%
- Operating Margin49.81%+78.4%
- Net Margin45.17%+72.7%
- ROE19.67%+231.4%
CDLR Price & Volume
Cadeler A/S (CDLR) stock price & volume — 10-year historical chart
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Aggressive Fleet Expansion Pressures Liquidity and Margins
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Burning
Primary Risk:High capital expenditure intensity
Key Thesis Takeaways
- Cadeler A/S is currently navigating a high-stakes capital expenditure cycle, with total assets ballooning to $3.5 billion as the firm aggressively scales its specialized jack-up vessel fleet.
- While revenue growth remains robust at 90.5% in 2026Q1, the company's reliance on debt-funded growth has pushed the debt-to-equity ratio to 0.95, creating significant sensitivity to project-based revenue volatility.
- Investors should monitor whether the firm can achieve sustained positive free cash flow, as current operations remain cash-burning with a 2026Q1 FCF margin of -39.2%.
Verdict Logic
while the firm is scaling rapidly, the persistent negative free cash flow and a 2026Q1 net margin of -5.7% suggest that the current valuation of 7.76x EV/EBITDA may not fully account for the risks associated with high debt-funded capital intensity.
CDLR Growth Metrics
Cadeler A/S (CDLR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years98.16%
3 Years77.57%
TTM129.73%
Profit CAGR
10 Years-
5 Years-
3 Years96.37%
TTM209.02%
EPS CAGR
10 Years-
5 Years-
3 Years51.17%
TTM193.07%
Return on Capital
10 Years3.84%
5 Years5.92%
3 Years6.11%
Last Year12.17%
CDLR Recent Earnings
Cadeler A/S (CDLR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 4/12 qtrs (40%)
Q2 2026Latest
May 20, 2026Metric
Actual
Est
EPS
$0.09-160.2%
$0.15
Rev
$145M-16.7%
$174M
Q2 2026
Mar 24, 2026Metric
Actual
Est
EPS
$0.65+25.0%
$0.52
Rev
$195M+6.5%
$183M
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.79-0.1%
$0.79
Rev
$181M+1.6%
$178M
Q3 2025
Aug 26, 2025Metric
Actual
Est
EPS
$2.12+247.5%
$0.61
Rev
$274M+47.6%
$186M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 20, 2026 | $0.09vs $0.15-160.2% | $145Mvs $174M-16.7% |
| Q2 2026 | Mar 24, 2026 | $0.65vs $0.52+25.0% | $195Mvs $183M+6.5% |
| Q4 2025 | Nov 20, 2025 | $0.79vs $0.79-0.1% | $181Mvs $178M+1.6% |
| Q3 2025 | Aug 26, 2025 | $2.12vs $0.61+247.5% | $274Mvs $186M+47.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Cadeler A/S (CDLR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.64 | $2.08B | 6.81 | 139.56% | 45.17% | 19.67% | — | |
| $17.00 | $1.14B | 15.74 | 16.47% | 8.27% | 14.83% | — | |
| $67.03 | $3.33B | 10.09 | 0.52% | 22.16% | 23.85% | — | |
| $38.88 | $3.88B | 11.14 | 4.62% | 12.12% | 34.32% | — | |
| $38.13 | $1.82B | 12.50 | 34.26% | 44.73% | 30.28% | — | |
| $378.68 | $395.66B | 46.41 | 18.48% | 17.91% | 45.85% | — |
Compare CDLR vs Peers
Cadeler A/S (CDLR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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CDLR Frequently Asked Questions
Cadeler A/S (CDLR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cadeler A/S's revenue?
Cadeler A/S (CDLR) reported $678.0M in revenue for fiscal year 2025. This represents a 854% increase from $71.0M in 2016.
How fast is Cadeler A/S growing?
Cadeler A/S (CDLR) grew revenue by 139.6% over the past year. This is strong growth.
Is CDLR profitable?
Yes, Cadeler A/S (CDLR) is profitable, generating $270.9M in net income for fiscal year 2025 (45.2% net margin).
Dividend & Returns
What is CDLR's return on equity?
Cadeler A/S (CDLR) has a return on equity (ROE) of 19.7%. This is reasonable for most industries.
What is Cadeler A/S's free cash flow?
Cadeler A/S (CDLR) had negative free cash flow of $463.7M in fiscal year 2025, likely due to heavy capital investments.