Cannae Holdings, Inc. — Earnings Quality Grade F
CNNE · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue -6.4%, CFFO 79.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 48.6% is >2x revenue growth -6.4%
Insufficient data
Gross margin -1.9%, change -2.6pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = -37.5%. Low accruals
Cash $0.2B covers 87% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 7% of equity. Manageable
Interest coverage = -10.1x (<2x). Financial stress
Other assets -96.2% vs revenue -6.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25