Cadeler A/S

Cadeler A/S

CDLR
Cadeler A/SUS flagNew York Stock Exchange
23.14
USD
+0.12
- -
2.23BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
2.48
1.33
3.01
1.86
2.61
2.16
2.88
7.08
7.71
Basic EPS, GAAP
- -
-0.22
-0.82
-4.17
0.23
0.87
0.23
0.75
3.2
3.08
Free Cash Flow per Basic Share
- -
0.41
-0.07
-40.99
-4.06
-4.81
-0.07
-6.04
-9.62
-5.06
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.37
-0.45
-3.81
-0.43
0.73
0.68
1.23
4.44
4.39
Tangible Book Value per Share
- -
0.37
-0.45
37.18
9.91
13.24
18.71
14.06
16.94
18.87
Basic Weighted Avg Shares
- -
29
29
6
33
41
50
86
88
88
Sales/Revenue/Turnover
- -
72
38
20
61
106
109
249
620
680
Operating Margin (%)
- -
9.38
-35.55
-184.11
18.27
38.7
20.39
27.92
50.41
46.45
Depreciation Expense
- -
16
16
15
16
23
23
57
108
128
Net Income, GAAP
- -
-6
-24
-27
7
36
11
65
280
271
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
3.57
2.67
2.39
Profit Margin (%)
- -
-8.85
-61.91
-138.62
12.23
33.4
10.59
26.16
45.17
39.93
Working Capital
-2
3
-13
58
-29
48
94
58
39
100
LT Debt
105
101
88
64
45
114
205
550
1,507
1,468
Total Equity
17
11
-13
241
325
541
959
1,234
1,504
1,682
Return on Invested Capital (%)
- -
- -
- -
- -
- -
7.81
2.43
4.49
12.3
11.05
Return on Capital (%)
- -
- -
- -
- -
- -
36.27
7.45
14.58
22.32
19.89
Return on Common Equity (%)
- -
-45.83
- -
- -
- -
- -
35.85
92.32
113.15
109.41

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
241
117
126
LT Borrowings
1,181
1,495
1,457
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
350
351
386
Market Capitalization
1,544
1,388
1,795

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
396
390
426
Cash, Cash Equivalents & STI
218
152
221
Accounts Receivable, Net
128
118
146
Inventories
3
4
4
Total Current Liabilities
371
351
326
Payables & Accruals
50
102
81
ST Debt
241
117
126
Deferred Revenue
73
129
118

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
45.81%
21.86%
Free Cash Flow
- -
2,920.25%
61.23%
Net Income, GAAP
- -
195.66%
330.6%
Sales/Revenue/Turnover
- -
113.52%
149.4%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19
63
81
86
249
2025
65
233
154
168
620
2026
125
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.24
- -
- -
- -
0.75
2025
0.02
- -
- -
- -
3.2
2026
-0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Mikkel Gleerup
Full Time Employees
1,073
Sector
Industrials
Industry
Marine Shipping
Address
Kalvebod Brygge 43 Copenhagen CR Denmark 1560
IPO Date
Dec 26, 2023
Business
Cadeler A/S Cadeler A/S engages in offshore wind farm installation, operations, maintenance, and related marine services as a pure-play supplier in the offshore wind industry. The company owns and operates the industry's largest fleet of jack-up wind installation vessels, including Wind Orca, Wind Osprey, Wind Scylla, Wind Zaratan, Wind Peak, Wind Pace, Wind Maker, and Wind Keeper; these vessels support transport and installation of offshore wind turbine generators and foundations, platform topsides and substations, maintenance of wind turbines and structures, offshore construction and decommissioning, accommodation and crane services, heavy lift and project cargo, and salvage assistance. Cadeler A/S serves major turbine manufacturers and developers such as Vestas, Siemens Gamesa, Ørsted, and RWE, with operations spanning Europe, the United States, Taiwan, Japan, and other global regions; founded in 2008 and headquartered in Copenhagen, Denmark, the company focuses on next-generation projects involving large turbines up to 15 MW and XXXL foundations. In 2025, Cadeler A/S expanded its fleet through the acquisition of the newly constructed jack-up vessel Wind Keeper from Boqiang Heavy Industry Group for deployment in operations and maintenance, taking delivery ahead of schedule in July and securing a three-year firm contract worth approximately EUR 210 million with Vestas, including options potentially extending value beyond EUR 380 million. The company lists on the Oslo Stock Exchange under ticker CADLR and the New York Stock Exchange under CDLR, maintaining a strong track record in projects like Baltic Power, Sofia, Borkum Riffgrund 3, Moray West, and Revolution Wind.

Company News

APIChatGPT
  • Cadeler Takes Delivery of 11th Vessel: Wind Ace

  • Cadeler completes final turbine installation at RWE's Sofia Offshore Wind Farm

  • Cadeler's New Capacity Points To Significant Growth Ahead

  • Cadeler A/S Q1 Earnings Call Highlights

  • Q1 2026 Earnings Release: Cadeler Reports Strong Q1 Performance Driven by Fleet Expansion and Operational Activity in Line With Expectations

  • Cadeler Installs First Complete Monopile Foundation at Ørsted's Hornsea 3 Offshore Wind Farm

  • Cadeler announces planned investments in exceptional growth opportunities, balanced with dividend potential from strong cash flows

  • Cadeler A/S (CDLR) Q4 2025 Earnings Call Transcript

  • Annual Report 2025: Cadeler Delivers Strong Financial Results While Doubling Fleet Capacity

  • Nexra Wins Additional Near-Term Contract in Taiwan

  • Cadeler A/S (NYSE:CDLR) Shares Gap Up – Here’s Why

  • Cadeler A/S (NYSE:CDLR) Trading Down 0.1% – Should You Sell?

  • Nexra Secures Significant O&M Campaign in Taiwan

  • Castor Maritime (NASDAQ:CTRM) versus Cadeler A/S (NYSE:CDLR) Critical Survey

  • Cadeler Signs Preferred Supplier Agreement for Foundation Installation in 2028

  • Comparing International Seaways (NYSE:INSW) and Cadeler A/S (NYSE:CDLR)

  • Critical Comparison: Cadeler A/S (NYSE:CDLR) versus Hafnia (NYSE:HAFN)

  • The Wind Is At Its Back: Why Cadeler Could Re-Rate Sharply By 2028

  • Cadeler Strengthens Balance Sheet with Additional Unsecured Green Corporate Loan Facility

  • Cadeler Expands Fleet With Delivery of 10th Wind Turbine Installation Vessel, Wind Mover