Camden National Corporation
NASDAQ: CAC · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
Camden National Corporation (CAC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.87M | $120.39M | $143.78M | $132.78M | $124.06M | $119.71M | $112.57M | $111.16M | $111.03M | $124.69M | $165.46M | $171.95M | $186.37M | $207.02M | $203.94M | $193.91M | $208.89M | $226.25M | $289.72M | $367.34M |
| Revenue growth (YoY) | — | +1.3% | +19.4% | -7.6% | -6.6% | -3.5% | -6.0% | -1.3% | -0.1% | +12.3% | +32.7% | +3.9% | +8.4% | +11.1% | -1.5% | -4.9% | +7.7% | +8.3% | +28.1% | +26.8% |
| Cost of revenue | $55.26M | $57.97M | $61.30M | $48.53M | $36.52M | $27.89M | $21.02M | $14.77M | $14.35M | $14.63M | $21.81M | $23.84M | $31.83M | $43.75M | $33.31M | $7.86M | $29.59M | $94.25M | $117.61M | $136.72M |
| Gross profit | $63.61M | $62.42M | $82.48M | $84.25M | $87.54M | $91.82M | $91.55M | $96.39M | $96.68M | $110.06M | $143.65M | $148.11M | $154.54M | $163.27M | $170.63M | $186.05M | $179.29M | $226.25M | $172.11M | $230.62M |
| Gross margin | 53.5% | 51.9% | 57.4% | 63.4% | 70.6% | 76.7% | 81.3% | 86.7% | 87.1% | 88.3% | 86.8% | 86.1% | 82.9% | 78.9% | 83.7% | 95.9% | 85.8% | 100.0% | 59.4% | 62.8% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $17.98M | $18.49M | $28.30M | $31.08M | $29.71M | $30.38M | $31.87M | $34.82M | $33.96M | $38.66M | $47.25M | $49.11M | $51.51M | $54.49M | $57.94M | $61.01M | $62.02M | $4.52M | $64.07M | $59.72M |
| Operating income | $29.39M | $28.74M | $20.72M | $33.22M | $35.88M | $37.96M | $34.31M | $34.91M | $36.01M | $30.86M | $57.54M | $62.35M | $65.78M | $71.58M | $74.40M | $86.64M | $77.05M | $53.84M | $65.46M | $81.62M |
| Operating margin | 24.7% | 23.9% | 14.4% | 25.0% | 28.9% | 31.7% | 30.5% | 31.4% | 32.4% | 24.7% | 34.8% | 36.3% | 35.3% | 34.6% | 36.5% | 44.7% | 36.9% | 23.8% | 22.6% | 22.2% |
| EBITDA | $31.02M | $30.98M | $23.92M | $36.48M | $39.65M | $41.14M | $37.47M | $39.07M | $40.21M | $35.78M | $63.87M | $67.92M | $70.27M | $76.17M | $78.91M | $91.00M | $81.16M | $53.84M | $69.33M | $91.54M |
| EBITDA margin | 26.1% | 25.7% | 16.6% | 27.5% | 32.0% | 34.4% | 33.3% | 35.1% | 36.2% | 28.7% | 38.6% | 39.5% | 37.7% | 36.8% | 38.7% | 46.9% | 38.9% | 23.8% | 23.9% | 24.9% |
| EBIT | $29.39M | $28.74M | $20.72M | $33.22M | $35.88M | $37.96M | $34.31M | $34.91M | $36.01M | $30.86M | $57.54M | $62.35M | $65.78M | $71.58M | $74.40M | $86.64M | $77.05M | $53.84M | $65.46M | $81.62M |
| Interest expense | $53.05M | $57.87M | $56.90M | $40.32M | $30.22M | $23.15M | $17.20M | $12.74M | $12.13M | $12.69M | $16.55M | $20.80M | $30.98M | $40.89M | $20.89M | $11.05M | $25.09M | $93.98M | $117.10M | $117.40M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $20.28M | $20.28M | $15.34M | $22.77M | $24.77M | $26.18M | $23.43M | $22.78M | $24.57M | $20.95M | $40.07M | $28.48M | $53.07M | $57.20M | $59.49M | $69.01M | $61.44M | $43.38M | $53.00M | $65.16M |
| Net income growth (YoY) | — | +0.0% | -24.4% | +48.5% | +8.8% | +5.7% | -10.5% | -2.8% | +7.8% | -14.7% | +91.2% | -28.9% | +86.4% | +7.8% | +4.0% | +16.0% | -11.0% | -29.4% | +22.2% | +22.9% |
| Profit margin | 17.1% | 16.8% | 10.7% | 17.2% | 20.0% | 21.9% | 20.8% | 20.5% | 22.1% | 16.8% | 24.2% | 16.6% | 28.5% | 27.6% | 29.2% | 35.6% | 29.4% | 19.2% | 18.3% | 17.7% |
Frequently asked questions
What is Camden National Corporation's revenue?
Camden National Corporation's trailing twelve-month revenue is $246.65M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CAC?
In its most recent fiscal year, CAC ran a gross margin of 62.78%, an operating margin of 22.22%, and a net margin of 17.74%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CAC generate?
CAC produced $58.20M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CAC's balance sheet healthy?
CAC holds $97.49M in cash and equivalents against $62.52M in long-term debt, on $696.56M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.