InsiderClue
Stocks · Industrials · Deep Sea Foreign Transportation of Freight

Cadeler A/S

CDLR Clue Score64
Denmark Fiscal year ends December CIK 0001978867
$21.80 +0.00% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $21.80 +7.23% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 19 Dec 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue60.9Operating income11.1Net income7.5EPS, diluted0.06Fiscal year 2022Revenue106.4 +74.6%Operating income41.2Net income35.5 +377.0%EPS, diluted0.22Fiscal year 2023Revenue108.6 +2.1%Operating income14.4Net income11.5 −67.6%EPS, diluted0.06Fiscal year 2024Revenue248.7 +129.0%Operating income69.4Net income65.1 +465.9%EPS, diluted0.19Fiscal year 2025Revenue620.4 +149.4%Operating income317.7Net income280.2 +330.6%EPS, diluted0.79
FY2021FY2022FY2023FY2024FY2025
Revenue 60.9 106.4 108.6 248.7 620.4
Growth +74.6% +2.1% +129.0% +149.4%
Operating income 11.1 41.2 14.4 69.4 317.7
Net income 7.5 35.5 11.5 65.1 280.2
Growth +377.0% −67.6% +465.9% +330.6%
EPS, diluted 0.06 0.22 0.06 0.19 0.79

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin36.2%Operating margin18.3%Net margin12.2%Free cash flow margin−217.8%Fiscal year 2022Gross margin53.5%Operating margin38.7%Net margin33.4%Free cash flow margin−183.8%Fiscal year 2023Gross margin44.9%Operating margin13.3%Net margin10.6%Free cash flow margin−3.2%Fiscal year 2024Gross margin50.1%Operating margin27.9%Net margin26.2%Free cash flow margin−210.0%Fiscal year 2025Gross margin61.8%Operating margin51.2%Net margin45.2%Free cash flow margin−135.6%
FY2021FY2022FY2023FY2024FY2025
Gross margin 36.2% 53.5% 44.9% 50.1% 61.8%
Operating margin 18.3% 38.7% 13.3% 27.9% 51.2%
Net margin 12.2% 33.4% 10.6% 26.2% 45.2%
Free cash flow margin −217.8% −183.8% −3.2% −210.0% −135.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow30.2Capital expenditure−162.9Free cash flow−132.7Fiscal year 2022Operating cash flow29.0Capital expenditure−224.6Free cash flow−195.6Fiscal year 2023Operating cash flow63.4Capital expenditure−66.9Free cash flow−3.5Buybacks0.0Fiscal year 2024Operating cash flow93.1Capital expenditure−615.5Free cash flow−522.4Buybacks−1.3Fiscal year 2025Operating cash flow394.2Capital expenditure−1,235.7Free cash flow−841.5Buybacks−1.7
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 30.2 29.0 63.4 93.1 394.2
Capital expenditure −162.9 −224.6 −66.9 −615.5 −1,235.7
Free cash flow −132.7 −195.6 −3.5 −522.4 −841.5
Growth
Buybacks n/a n/a 0.0 −1.3 −1.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash2.3Total debt73.1Net cash (debt)−70.8Shareholders’ equity325.3Debt to equity0.22Fiscal year 2022Cash19.0Total debt115.0Net cash (debt)−96.0Shareholders’ equity540.6Debt to equity0.21Fiscal year 2023Cash96.6Total debt205.6Net cash (debt)−109.0Shareholders’ equity959.0Debt to equity0.21Fiscal year 2024Cash51.3Total debt571.0Net cash (debt)−519.8Shareholders’ equity1,233.9Debt to equity0.46Fiscal year 2025Cash151.7Total debt1,610.8Net cash (debt)−1,459.1Shareholders’ equity1,503.7Debt to equity1.07
FY2021FY2022FY2023FY2024FY2025
Cash 2.3 19.0 96.6 51.3 151.7
Total debt 73.1 115.0 205.6 571.0 1,610.8
Net cash (debt) −70.8 −96.0 −109.0 −519.8 −1,459.1
Shareholders’ equity 325.3 540.6 959.0 1,233.9 1,503.7
Debt to equity 0.22 0.21 0.21 0.46 1.07

In millions of EUR, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of EUR, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024† 31 Dec 2024 FY2025 31 Dec 2025
Operations
30.2 29.0 63.4 93.1 394.2
Growth −3.9% +118.3% +46.9% +323.4%
0.4 1.0 0.5 2.5 3.5
Investment
−162.9 −224.6 −66.9 −615.5 −1,235.7
calc −132.7 −195.6 −3.5 −522.4 −841.5
Growth
calc −1.01 −1.19 −0.02 −1.51 −2.37
−163.4 −225.4 −54.7 −623.0 −1,264.2
Financing
71.8 213.1 70.3 482.0 967.7
n/a n/a 0.0 −1.3 −1.7

† The diluted share count jumps at 2024, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative. Shown in EUR as filed; the screener converts to dollars.