Forensic Analysis · General / Diversified · as of Jun 28, 2026
CROSS COUNTRY HEALTHCARE INC (CCRN)
A forensic read on CROSS COUNTRY HEALTHCARE INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
5.5
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-27.1%
ROE
$427M
Market cap
CROSS COUNTRY HEALTHCARE INC earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 5.5, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-25%Return on invested capital.Return on invested capital is -25% and slipping from 30% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$82MGoodwill impairments.Took $82M of goodwill writedowns across 3 year(s) (FY2020 ($10M), FY2024 ($370,000), FY2025 ($71M)) — about 30% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 18% of free cash flow in FY2025 — about $0.22 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-9.0%
Debt / Equity0.47x
Free Cash Flow$40.1M
Latest Revenue$1.05B
Return on Equity-29.4%
Revenue Growth YoY-21.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on CROSS COUNTRY HEALTHCARE INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CCRN's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown