Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 24, 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
3.1
Distress distance
Clean
Earnings quality
3
Forensic signals
18.7
P / E (ttm)
11.6%
ROE
$2.8B
Market cap
1.06%
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, going concern, valuation). 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 3.1, placing it in the Safe zone. 3 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 by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +32% against revenue +11% and inventory up +17% against +16% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 5% of net operating assets, against an accruals ratio of 26.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
8.1%
FY2025
Return on invested capital.Return on invested capital is 8.1% in the latest fiscal year and slipping across FY2023–FY2025 from 14%. The capital base behind it grew +56% across FY2023–FY2025, from $1.6B to $2.4B, while the return fell 6.2 points, so the dollars added over that window earned less than the 14% the older base was already earning.
+0.4%/yr
FY2023–FY2025
Share count.Diluted share count changed +1% over the last 2 years to FY2025 (+0.4%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$1.66B
Revenue Growth YoY+11.4%
Revenue CAGR (2yr)+9.1%
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?