Company Analysis

Cadeler A/S (CDLR)

CDLR · Deep Sea Foreign Transportation of Freight · Copenhagen V, DK · filing with the SEC since 2023
Grade7.1
◀ Past 6.8● Present 6.9▶ Future 7.6
1 est.

The grade of Cadeler A/S

Nine metrics read from its own filings, by tense
Headline grade
7.1/10
◀ Past6.830% of the headline
● Present6.940% of the headline
▶ Future7.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.1/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 61st percentile among 44 sector filers · read for itself

From the record

Cadeler A/S' filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
9.6/10

What has it actually done, year after year?

+78.6% a year over 5 filed years; profitable in 5 of 5.

weight 45% of this tense · 96th percentile among 42 sector filers · read for its customers

From the record

Cadeler A/S' 5 filed years say what it did: revenue went from EUR 61 million in fiscal 2021 to EUR 620 million in fiscal 2025, up 78.6% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 5 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span78.6%top 1% of its family
  • the share of years revenue rosetop 4% of its family
  • the share of filed years with a profittop 6% of its family
  • the deepest fall from a revenue peak0.0%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.9/10

How has it treated the people who own it?

Share count grew 29.3% a year. 1% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 20th percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Cadeler A/S' diluted share count grew about 29.3% a year, and dividends and buybacks returned about 1% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 21% of its family
  • cash returned against operating cash flowbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.7/10

Is it financially healthy right now?

ROE 19%: 19¢ of profit per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 33% of this tense · 47th percentile among 43 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cadeler A/S earned about 19 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 2.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 31% of its family
  • return on equitytop 13% of its family
  • gross profit against assetsbottom 36% of its family
  • the share count against the year beforebottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
9.1/10

How strong is its position in its industry?

top 9% of 43 in its family; net margin 45.2%.

weight 45% of this tense · 91st percentile among 43 sector filers · read for its customers

From the record

Cadeler A/S' standing among 43 graded names in its industry family: revenue of EUR 620 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 45.2% ranks in the top 15%; revenue growth of 79.9% a year over the last 3 filed years ranks in the top 4% (its annual reports).

What it rests on

  • net margin45.2%top 15% of its family
  • three-year revenue growth79.9%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cadeler A/S's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.6/10

How much room does it have to grow?

bottom 26% of 42 in its family for room to expand.

weight 22% of this tense · 26th percentile among 42 sector filers · read for itself

From the record

Cadeler A/S' room to grow, from the newest filed statements (fiscal 2025): cash of EUR 152 million against debt of EUR 1.7 billion leaves -45.2% of its assets as net cash, bottom 15% of its family; cash from operations less capital spending is -135.6% of revenue (bottom 6%); a gross margin of 61.8% (top 44%) (its annual report).

What it rests on

  • cash less debt against assets-45.2%bottom 15% of its family
  • cash from operations less capital spending against revenue-135.6%bottom 6% of its family
  • gross margin61.8%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.8/10

What could actually drive growth from here?

top 13% of 41 in its family for growth drivers.

weight 45% of this tense · 87th percentile among 41 sector filers · read for its customers

From the record

Cadeler A/S' growth drivers, from the filed years to fiscal 2025: revenue grew 79.9% a year over the last three filed years against 78.6% over all 5, speeding up (top 13% of its family); the newest year grew 149.6% (top 1%); capital spending grew 76.5% a year (top 23%) (its annual reports). Cadeler A/S tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+1.3 points a yeartop 13% of its family
  • the newest year's revenue growth149.6%top 1% of its family
  • three-year growth of capital spending76.5%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
9.3/10

Did its newest year beat what its own record pointed to?

top 7% of 39 in its family for expectations against reality.

weight 33% of this tense · 93rd percentile among 39 sector filers · read for its shareholders

From the record

Cadeler A/S' newest year against its own record: revenue of EUR 620 million in fiscal 2025 came in 63.2% above the EUR 380 million its prior three years' pace pointed to (top 12% of its family); net income of EUR 280 million against a prior three-year average of EUR 37 million (top 1%); a net margin of 45.2% against 23.4% before (top 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace63.2%top 12% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 1% of its family
  • net margin against its prior average+21.8 pointstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CDLR · research, not advice