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Cadeler A/S

CDLRIndustrialsNASDAQ

Engineering & Construction · Last scanned May 30, 2026

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Financials · Annual
Revenue
$620.4M
+149.4% YoY
Net Income
$280.2M
+330.6% YoY
EBITDA
$417.3M
+229.0% YoY
Free Cash Flow
-$554.0M

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About Cadeler A/S

Headquartered within the industrials sector, Cadeler A/S focuses on Engineering & Construction services and products. Cadeler A/S, together with its subsidiaries, operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan. At a $2.49B market cap, Cadeler A/S ranks as a mid-cap company within industrials. The company engages in the transport and installation of offshore wind turbine generators, foundations, and topsides and substations; maintenance of offshore wind turbine generators, and offshore structures and platforms; and offshore construction within the renewable space.

Key stats
Market Cap$2.49B
P/E (TTM)7.29
EPS$3.54
Beta0.71
52W Change+27.8%
ROE18.7%
Analysis

On the balance sheet, CDLR has $221.3M in cash with $1.59B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$554.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 18.7%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.7% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $106.4M (2022) to $620.4M (2025), reflecting a 483% increase over the period.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing CDLR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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