Forensic Analysis · Retail / Consumer Discretionary · as of Jun 27, 2026
Cannae Holdings, Inc. (CNNE)
A forensic read on Cannae Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Safe
Financial health
3.4
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-37.8%
ROE
$637M
Market cap
4.35%
Dividend yield
Cannae Holdings, Inc. earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is 3.4, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-9%Return on invested capital.Return on invested capital is -9% and slipping from -4% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$18MGoodwill impairments.Took $18M of goodwill writedowns across 2 year(s) (FY2019 ($10M), FY2020 ($8M)) — about 106% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
Key fundamentals
Net Margin-121.2%
Debt / Equity0.07x
Free Cash Flow$-28.5M
Latest Revenue$423.6M
Return on Equity-50.1%
Revenue Growth YoY-6.4%
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 Cannae Holdings, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CNNE'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