Cadeler A/S

Cadeler A/S

CDLR
Cadeler A/SUS flagNew York Stock Exchange
22.18
USD
+0.76
- -
2.14BMarket 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
8.28
Basic EPS, GAAP
- -
-0.22
-0.82
-4.17
0.23
0.87
0.23
0.75
3.2
2.27
Free Cash Flow per Basic Share
- -
0.41
-0.07
-40.99
-4.06
-4.81
-0.07
-6.04
-9.62
-3.34
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.15
0.09
-0.11
2.09
2.35
2.74
3.08
3.52
4.29
4.6
Tangible Book Value per Share
0.15
0.09
-0.11
2.09
2.34
2.73
3.03
3.46
4.23
4.55
Basic Weighted Avg Shares
- -
29
29
6
33
41
50
86
88
88
Sales/Revenue/Turnover
- -
72
38
20
61
106
109
249
620
729
Operating Margin (%)
- -
9.38
-35.55
-184.11
18.27
38.7
20.39
27.92
50.41
36.48
Depreciation Expense
- -
16
16
15
16
23
23
57
108
149
Net Income, GAAP
- -
-6
-24
-27
7
36
11
65
280
200
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
3.57
2.67
1.58
Profit Margin (%)
- -
-8.85
-61.91
-138.62
12.23
33.4
10.59
26.16
45.17
27.47
Working Capital
-2
3
-13
58
-29
48
94
58
39
173
LT Debt
105
101
88
64
45
114
205
550
1,507
1,470
Total Equity
17
11
-13
241
325
541
959
1,234
1,504
1,774
Return on Invested Capital (%)
- -
- -
- -
- -
- -
7.81
2.43
4.49
12.3
8.78
Return on Capital (%)
- -
- -
- -
- -
- -
7.03
1.58
4.55
12.2
8.8
Return on Common Equity (%)
- -
-45.83
- -
- -
2.63
8.21
1.53
5.93
20.47
12.74

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
117
126
135
LT Borrowings
1,495
1,457
1,460
LT Finance Leases
12
11
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
351
386
386
Market Capitalization
5,553
7,861
7,400

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
390
426
450
Cash, Cash Equivalents & STI
152
221
206
Accounts Receivable, Net
118
146
125
Inventories
4
4
4
Total Current Liabilities
351
326
277
Payables & Accruals
102
81
70
ST Debt
117
126
135
Deferred Revenue
129
118
72

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
283
- -
- -
- -

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

CEO
Mikkel Gleerup
Full Time Employees
1,073
Sector
Industrials
Industry
Engineering & Construction
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

  • Cadeler A/S (NYSE:CDLR) & Shimmick (NASDAQ:SHIM) Financial Survey

  • Cadeler and Vattenfall Join Forces to Shape the Next Generation of Offshore Wind Maintenance Solutions

  • Critical Contrast: Cadeler A/S (NYSE:CDLR) & Vinci (OTCMKTS:VCISY)

  • Cadeler: Norwegian Renewable Installation At A Potential Discount

  • Cadeler A/S (CDLR) Q2 2026 Earnings Call Transcript

  • Cadeler A/S H1 Earnings Call Highlights

  • H1 Interim Financial Results 2026: Cadeler delivers on its strategy, with strong financial results

  • Cadeler A/S Sponsored ADR $CDLR Shares Sold by Dimensional Fund Advisors LP

  • Cadeler Installs Final Turbine at He Dreiht Offshore Wind Farm

  • Cadeler A/S (CDLR) M&A Call Transcript

  • Cadeler Significantly Expands Its Capabilities in Offshore Wind Foundation T&I With the Acquisition of Menck

  • Cadeler Strengthens Future Installation Capacity With Firm Orders for Two New T-class Vessels

  • 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