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Side-by-side financial comparison of Cadre Holdings, Inc. (CDRE) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.

Cadre Holdings, Inc. is the larger business by last-quarter revenue ($167.2M vs $120.4M, roughly 1.4× Hippo Holdings Inc.). Cadre Holdings, Inc. runs the higher net margin — 7.0% vs 5.0%, a 2.0% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -5.0%). Cadre Holdings, Inc. produced more free cash flow last quarter ($18.0M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 10.1%).

RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

CDRE vs HIPO — Head-to-Head

Bigger by revenue
CDRE
CDRE
1.4× larger
CDRE
$167.2M
$120.4M
HIPO
Growing faster (revenue YoY)
HIPO
HIPO
+23.1% gap
HIPO
18.2%
-5.0%
CDRE
Higher net margin
CDRE
CDRE
2.0% more per $
CDRE
7.0%
5.0%
HIPO
More free cash flow
CDRE
CDRE
$8.9M more FCF
CDRE
$18.0M
$9.1M
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
10.1%
CDRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDRE
CDRE
HIPO
HIPO
Revenue
$167.2M
$120.4M
Net Profit
$11.7M
$6.0M
Gross Margin
43.4%
Operating Margin
12.2%
5.6%
Net Margin
7.0%
5.0%
Revenue YoY
-5.0%
18.2%
Net Profit YoY
-9.6%
-86.4%
EPS (diluted)
$0.22
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CDRE
CDRE
HIPO
HIPO
Q4 25
$167.2M
$120.4M
Q3 25
$155.9M
$120.6M
Q2 25
$157.1M
$117.3M
Q1 25
$130.1M
$110.3M
Q4 24
$176.0M
$101.9M
Q3 24
$109.4M
$95.5M
Q2 24
$144.3M
$89.6M
Q1 24
$137.9M
$85.1M
Net Profit
CDRE
CDRE
HIPO
HIPO
Q4 25
$11.7M
$6.0M
Q3 25
$10.9M
$98.1M
Q2 25
$12.2M
$1.3M
Q1 25
$9.2M
$-47.7M
Q4 24
$13.0M
$44.2M
Q3 24
$3.7M
$-8.5M
Q2 24
$12.6M
$-40.5M
Q1 24
$6.9M
$-35.7M
Gross Margin
CDRE
CDRE
HIPO
HIPO
Q4 25
43.4%
Q3 25
42.7%
Q2 25
40.9%
Q1 25
43.1%
Q4 24
43.9%
Q3 24
36.6%
Q2 24
40.6%
Q1 24
41.8%
Operating Margin
CDRE
CDRE
HIPO
HIPO
Q4 25
12.2%
5.6%
Q3 25
12.0%
81.3%
Q2 25
9.3%
3.4%
Q1 25
10.4%
-41.3%
Q4 24
16.7%
46.3%
Q3 24
5.0%
-5.4%
Q2 24
13.8%
-40.7%
Q1 24
8.7%
-38.7%
Net Margin
CDRE
CDRE
HIPO
HIPO
Q4 25
7.0%
5.0%
Q3 25
7.0%
81.3%
Q2 25
7.8%
1.1%
Q1 25
7.1%
-43.2%
Q4 24
7.4%
43.4%
Q3 24
3.3%
-8.9%
Q2 24
8.7%
-45.2%
Q1 24
5.0%
-42.0%
EPS (diluted)
CDRE
CDRE
HIPO
HIPO
Q4 25
$0.22
$0.31
Q3 25
$0.27
$3.77
Q2 25
$0.30
$0.05
Q1 25
$0.23
$-1.91
Q4 24
$0.32
$1.81
Q3 24
$0.09
$-0.34
Q2 24
$0.31
$-1.64
Q1 24
$0.18
$-1.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDRE
CDRE
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$122.9M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$317.8M
$436.1M
Total Assets
$770.0M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDRE
CDRE
HIPO
HIPO
Q4 25
$122.9M
$218.3M
Q3 25
$150.9M
$247.7M
Q2 25
$137.5M
$198.9M
Q1 25
$133.4M
$140.9M
Q4 24
$124.9M
$197.6M
Q3 24
$93.0M
$191.2M
Q2 24
$105.9M
$175.9M
Q1 24
$87.1M
$223.4M
Stockholders' Equity
CDRE
CDRE
HIPO
HIPO
Q4 25
$317.8M
$436.1M
Q3 25
$340.4M
$421.5M
Q2 25
$332.5M
$332.5M
Q1 25
$317.6M
$322.8M
Q4 24
$311.5M
$362.1M
Q3 24
$300.3M
$326.4M
Q2 24
$299.4M
$322.6M
Q1 24
$270.7M
$351.2M
Total Assets
CDRE
CDRE
HIPO
HIPO
Q4 25
$770.0M
$1.9B
Q3 25
$792.1M
$1.9B
Q2 25
$794.4M
$1.7B
Q1 25
$656.3M
$1.5B
Q4 24
$652.7M
$1.5B
Q3 24
$616.6M
$1.5B
Q2 24
$620.6M
$1.5B
Q1 24
$599.4M
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CDRE
CDRE
HIPO
HIPO
Operating Cash FlowLast quarter
$21.3M
$9.2M
Free Cash FlowOCF − Capex
$18.0M
$9.1M
FCF MarginFCF / Revenue
10.7%
7.6%
Capex IntensityCapex / Revenue
2.0%
0.1%
Cash ConversionOCF / Net Profit
1.81×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$56.8M
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDRE
CDRE
HIPO
HIPO
Q4 25
$21.3M
$9.2M
Q3 25
$22.5M
$16.9M
Q2 25
$2.6M
$24.7M
Q1 25
$17.4M
$-35.6M
Q4 24
$23.7M
$47.5M
Q3 24
$-5.2M
$46.8M
Q2 24
$11.1M
$-10.6M
Q1 24
$2.1M
$17.7M
Free Cash Flow
CDRE
CDRE
HIPO
HIPO
Q4 25
$18.0M
$9.1M
Q3 25
$21.6M
$16.8M
Q2 25
$1.2M
$24.6M
Q1 25
$16.1M
$-35.7M
Q4 24
$22.4M
$47.2M
Q3 24
$-6.2M
Q2 24
$9.1M
$-10.7M
Q1 24
$794.0K
$17.6M
FCF Margin
CDRE
CDRE
HIPO
HIPO
Q4 25
10.7%
7.6%
Q3 25
13.9%
13.9%
Q2 25
0.7%
21.0%
Q1 25
12.4%
-32.4%
Q4 24
12.7%
46.3%
Q3 24
-5.7%
Q2 24
6.3%
-11.9%
Q1 24
0.6%
20.7%
Capex Intensity
CDRE
CDRE
HIPO
HIPO
Q4 25
2.0%
0.1%
Q3 25
0.5%
0.1%
Q2 25
0.9%
0.1%
Q1 25
1.0%
0.1%
Q4 24
0.7%
0.3%
Q3 24
0.9%
0.0%
Q2 24
1.4%
0.1%
Q1 24
1.0%
0.1%
Cash Conversion
CDRE
CDRE
HIPO
HIPO
Q4 25
1.81×
1.53×
Q3 25
2.05×
0.17×
Q2 25
0.21×
19.00×
Q1 25
1.88×
Q4 24
1.83×
1.07×
Q3 24
-1.43×
Q2 24
0.89×
Q1 24
0.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDRE
CDRE

U.s.state And Local Agencies$72.7M43%
Other$48.6M29%
U.s.Federal Agencies$31.6M19%
Commercial$12.0M7%

HIPO
HIPO

Segment breakdown not available.

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