Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 11, 2026
Crane Nxt, Co. (CXT)
A forensic read on Crane Nxt, Co. 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
3.2
Distress distance
Clean
Earnings quality
4
Forensic signals
23.6
P / E (ttm)
11.6%
ROE
$3.0B
Market cap
1.32%
Dividend yield
11.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Crane Nxt, Co. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 3.2, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+26.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +26.9% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by receivables up +32% against revenue +11% and inventory up +17% against +16% in cost of sales. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 5% of net operating assets, diverging from the balance-sheet accrual read.
8.1%
FY2025
Return on invested capital.Return on invested capital is 8.1% in the latest fiscal year and slipping from 16% — around its ~9% cost of capital, so growth is roughly value-neutral.
+0.8%/yr
FY2022–FY2025
Share count.Diluted share count changed +2% over the last 3 years to FY2025 (+0.8%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
-76%
FY2020→FY2023
Dividend — cut.The payout was CUT ~76% in FY2023 (from FY2020) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$1.66B
Revenue Growth YoY+11.4%
Net Margin8.8%
Free Cash Flow$198.3M
Return on Equity11.6%
Debt / Equity0.91x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Crane Nxt, Co.'s actual 10-K/10-Q/8-K filings?