CNNENYSERetail-Eating & Drinking PlacesFiscal year ends December 31
Cannae Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$15.94+0.07 (+0.44%)
Close on Oct 19, 2026
- Market cap
- $694.98M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
15.5%
Operating margin
-28.2%−21.9 pts over 5 years
Net margin
-123.9%−184.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.4% | -13.8% | -32.2% | -11.4% | |
| Gross profit | -19.3% | -10.2% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 67.8% | -36.9% | |
| Return on assets | -0.8% | 53.3% | -29.7% | |
| Current ratio | 1.71 | 4.18 | 1.98 | |
| Debt to equity | 0.12 | 0.02 | 0.07 | |
| Net debt to EBITDA | -0.69× | 4.19× | 1.03× | |
| Interest coverage | -0.4× | -20.9× | -10.1× | |
| Inventory turnover | – | – | – | |
| Capex to revenue | 4.2% | 0.8% | 2.5% | |
| Diluted shares | 71M | 86M | 57M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cannae generated $577.20M from operations and spent $1.16B on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$577.20M
Used
$1.16B
Capital expenditure$55.40M5%Dividends$52.90M5%Share buybacks$1.05B91%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-123.9%
×Asset turnover0.24×
×Equity multiplier1.24×
=Return on equity, FY2025-36.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -123.9% | 0.24× | 1.24× | -36.9% |
| FY2024 | -67.3% | 0.18× | 1.18× | -14.6% |
| FY2023 | -55.0% | 0.20× | 1.15× | -12.4% |
| FY2022 | -64.7% | 0.19× | 1.16× | -14.1% |
| FY2021 | -63.4% | 0.11× | 1.20× | -8.1% |
| FY2020 | 60.2% | 0.88× | 1.27× | 67.8% |
| FY2019 | 5.4% | 0.81× | 1.36× | 5.9% |
| FY2018 | 2.1% | 0.90× | 1.35× | 2.5% |
| FY2017 | 9.3% | 0.79× | 1.52× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$525.00M
- Cash generatingOperating cash flow above zero-$18.10M
- Return on assets improvedROA up on the prior year-11.3% → -23.6%
- Earnings backed by cashOperating cash flow above net income-$18.10M vs -$525.00M
- Less leverageLong-term debt to assets fell5.4% → 4.9%
- Better liquidityCurrent ratio rose1.34 → 1.98
- No dilutionShare count did not rise64M → 57M
- Gross margin improvedGross margin up on the prior year17.97% → 15.49%
- More efficientAsset turnover rose0.17 → 0.19