Cannae (CNNE)
Market Price (6/15/2026): $14.43 | Market Cap: $662.3 MilSector: Consumer Discretionary | Industry: Restaurants
Cannae (CNNE)
Market Price (6/15/2026): $14.43Market Cap: $662.3 MilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldDividend Yield is 4.5% Low stock price volatilityVol 12M is 33% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and AI in Financial Services. Themes include Digital Payments, Show more. | Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -99% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -120 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -29% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -6.8% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% Key risksCNNE key risks include [1] significant activist shareholder dissent and governance challenges, Show more. |
| Attractive yieldDividend Yield is 4.5% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and AI in Financial Services. Themes include Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -99% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -120 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -29% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -6.8% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% |
| Key risksCNNE key risks include [1] significant activist shareholder dissent and governance challenges, Show more. |
Qualitative Assessment
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Cannae (CNNE) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Share repurchase programs signal confidence and return capital to shareholders.
Cannae Holdings executed significant share repurchases in Q1 2026, buying back 1,185,000 shares for approximately $15.2 million. Additionally, through May 8, the company repurchased another 2,100,000 shares for $27.2 million under its 2025 program. The board further authorized a new 10.0 million-share repurchase program for 2026, demonstrating an ongoing commitment to returning capital to shareholders and potentially boosting earnings per share.
2. The company reported a significantly narrower net loss in Q1 2026, indicating improved financial performance.
Cannae Holdings reported a net loss attributable to common shareholders of $32.1 million in the first quarter of 2026, a substantial improvement from the $113.0 million net loss in the prior-year quarter. This narrower loss was primarily due to the rolling off of impacts from discontinued Dun & Bradstreet operations, even though total revenue for the quarter decreased to $96.2 million from $103.2 million.
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Stock Movement Drivers
Fundamental Drivers
The 19.7% change in CNNE stock from 2/28/2026 to 6/14/2026 was primarily driven by a 19.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.04 | 14.42 | 19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 430 | 417 | -3.2% |
| P/S Multiple | 1.5 | 1.6 | 3.8% |
| Shares Outstanding (Mil) | 55 | 46 | 19.2% |
| Cumulative Contribution | 19.7% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CNNE | 19.7% | |
| Market (SPY) | 8.4% | 44.9% |
| Sector (XLY) | -0.0% | 44.2% |
Fundamental Drivers
The -8.4% change in CNNE stock from 11/30/2025 to 6/14/2026 was primarily driven by a -20.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.75 | 14.42 | -8.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 430 | 417 | -3.2% |
| P/S Multiple | 2.0 | 1.6 | -20.6% |
| Shares Outstanding (Mil) | 55 | 46 | 19.2% |
| Cumulative Contribution | -8.4% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CNNE | -8.4% | |
| Market (SPY) | 9.2% | 37.9% |
| Sector (XLY) | -1.0% | 34.8% |
Fundamental Drivers
The -19.8% change in CNNE stock from 5/31/2025 to 6/14/2026 was primarily driven by a -36.9% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.99 | 14.42 | -19.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 445 | 417 | -6.4% |
| P/S Multiple | 2.5 | 1.6 | -36.9% |
| Shares Outstanding (Mil) | 62 | 46 | 35.7% |
| Cumulative Contribution | -19.8% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CNNE | -19.8% | |
| Market (SPY) | 27.3% | 33.5% |
| Sector (XLY) | 9.9% | 32.6% |
Fundamental Drivers
The -21.9% change in CNNE stock from 5/31/2023 to 6/14/2026 was primarily driven by a -35.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.46 | 14.42 | -21.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 649 | 417 | -35.8% |
| P/S Multiple | 2.2 | 1.6 | -26.6% |
| Shares Outstanding (Mil) | 76 | 46 | 65.8% |
| Cumulative Contribution | -21.9% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CNNE | -21.9% | |
| Market (SPY) | 84.5% | 47.9% |
| Sector (XLY) | 57.6% | 46.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CNNE Return | -21% | -41% | -6% | 4% | -18% | -6% | -65% |
| Peers Return | 35% | -9% | 21% | 28% | -5% | -3% | 76% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CNNE Win Rate | 33% | 33% | 50% | 58% | 33% | 33% | |
| Peers Win Rate | 62% | 42% | 58% | 67% | 48% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CNNE Max Drawdown | -36% | -52% | -36% | -24% | -30% | -34% | |
| Peers Max Drawdown | -13% | -27% | -18% | -12% | -25% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRI, ADP, PAYX, MCO, TXRH. See CNNE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | CNNE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.6% | -18.8% |
| % Gain to Breakeven | 22.8% | 23.1% |
| Time to Breakeven | 88 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.5% | -9.5% |
| % Gain to Breakeven | 25.7% | 10.5% |
| Time to Breakeven | 70 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.7% | -33.7% |
| % Gain to Breakeven | 84.3% | 50.9% |
| Time to Breakeven | 271 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.6% | -19.2% |
| % Gain to Breakeven | 30.9% | 23.8% |
| Time to Breakeven | 46 days | 105 days |
In The Past
Cannae's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | CNNE | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.5% | -9.5% |
| % Gain to Breakeven | 25.7% | 10.5% |
| Time to Breakeven | 70 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.7% | -33.7% |
| % Gain to Breakeven | 84.3% | 50.9% |
| Time to Breakeven | 271 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.6% | -19.2% |
| % Gain to Breakeven | 30.9% | 23.8% |
| Time to Breakeven | 46 days | 105 days |
In The Past
Cannae's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Cannae (CNNE)
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Like a publicly traded, mini-Berkshire Hathaway, investing across diverse industries.
A publicly traded investment firm that operates similarly to a private equity firm, acquiring stakes in businesses from restaurants to financial services.
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```html- Principal Investments in Restaurants: Cannae invests capital in restaurant businesses, taking both minority and majority stakes.
- Principal Investments in Technology-Enabled Healthcare Services: The firm invests in companies that provide healthcare services powered by technology.
- Principal Investments in Financial Services: Cannae allocates capital to businesses operating within the financial sector.
- Diversified Principal Investments: The firm also makes strategic investments in various other industries beyond its primary focus areas.
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Cannae Holdings, Inc. (CNNE) is a principal investment firm. As such, it does not have "customers" in the traditional sense of selling products or services to other companies or individuals.
Its business model involves investing in and taking stakes in other companies across various sectors, rather than directly selling goods or services. Therefore, the concept of identifying major customers does not apply to Cannae Holdings, Inc.
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Ryan R. Caswell Chief Executive Officer
Mr. Caswell has served as Chief Executive Officer of Cannae Holdings, Inc. since May 2025. Previously, he was President from February 2023 to May 2025 and Senior Vice President of Corporate Finance from September 2020 to February 2023. He has over 15 years of investment and corporate finance experience across various industries and transaction types. Mr. Caswell previously served as a Managing Director in the Financial Institutions Group at BofA Securities and as an investment banker at Bear Stearns. He also serves or has served on the boards of several Cannae investments, including AmeriLife, Black Knight Football, CorroHealth, Jana Partners, System1, TripleTree Holdings, and Watkins.
Bryan D. Coy Chief Financial Officer
Mr. Coy is responsible for financial reporting and planning, and investor relations oversight for Cannae and its operating subsidiaries. From 2017 to 2021, he held the position of Chief Financial Officer for Black Knight Sports, overseeing entities such as the Vegas Golden Knights of the National Hockey League and the Henderson Silver Knights of the American Hockey League. Prior to joining Black Knight Sports, Mr. Coy was the Chief Accounting Officer of Interblock Gaming until 2017. His previous experience includes serving as Chief Financial Officer of Aruze Gaming America, Inc. from 2010 to 2015, Director of Financial Reporting at Fontainebleau Resorts, and Chief Financial Officer of Shuffle Master, Inc. - Americas. He also served as Vice President of Finance at Sunterra Resorts and eSchool Solutions, and began his career at Deloitte & Touche.
William P. Foley, II Vice Chairman of the Board
Mr. Foley is the founder of Fidelity National Financial (FNF), established in 1984, which he grew through strategic acquisitions to become the largest title insurance company in the United States. He served as Cannae's CEO and Chairman of the Board until May 2025, when he transitioned to Vice Chairman of the Board. His extensive career includes chairmanships at Fidelity National Financial, Cannae Holdings, and Black Knight Financial Services, as well as executive roles at Dun & Bradstreet. Mr. Foley's entrepreneurial ventures also encompass sports ownership, notably acquiring the Vegas Golden Knights NHL franchise in 2016 and founding the Black Knight Football Club (BKFC), which includes AFC Bournemouth and FC Lorient. Additionally, he founded Foley Family Wines, Inc., which manages a portfolio of over 30 wineries. He holds a BS from the U.S. Military Academy at West Point, an MBA from Seattle University, and a JD from the University of Washington School of Law.
Peter T. Sadowski Executive Vice President, Chief Legal Officer
Mr. Sadowski has served as Executive Vice President, Chief Legal Officer of Cannae since April 2017. He also holds the position of Executive Vice President and Chief Legal Officer of FNF, a role he has held since 2008, and previously served as Executive Vice President and General Counsel of FNF from 1999 to 2008. Mr. Sadowski is a Trustee of the Folded Flag Foundation and the Vegas Golden Knights Foundation.
Michael L. Gravelle Executive Vice President, General Counsel and Corporate Secretary
Mr. Gravelle has served as Executive Vice President, General Counsel, and Corporate Secretary of Cannae since April 2017. He has also held the position of Executive Vice President, General Counsel, and Corporate Secretary of Fidelity National Financial (FNF) since January 2010, having initially joined a subsidiary of FNF in 1993. Furthermore, Mr. Gravelle has served as Executive Vice President and General Counsel of Black Knight, Inc. and its predecessors since January 2014. His prior experience includes serving as Executive Vice President, Chief Legal Officer, and Corporate Secretary of FIS from February 2010 to February 2013, and Senior Vice President, General Counsel, and Corporate Secretary of Remy from February 2013 to March 2015.
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The key risks to Cannae Holdings, Inc. (CNNE) include its weak profitability and dividend sustainability, the historical and ongoing challenges related to capital allocation and investment performance, and exposure to intense competition and market price fluctuations within its diverse portfolio.
- Weak Profitability and Dividend Sustainability: Cannae Holdings has reported significant recurring losses, with net income losses each quarter in fiscal year 2025, leading to a trailing twelve-month loss of $415.3 million. Analysts anticipate the company will remain unprofitable over the next three years. This trend raises concerns about the sustainability of its dividend, as recent earnings and free cash flow have not covered the dividend payments, implying that the dividend is being supported without positive earnings.
- Capital Allocation and Investment Performance: Historically, Cannae Holdings has faced scrutiny regarding its capital allocation strategy, which some investors viewed as overly aggressive and not always focused on shareholder value creation. Past investments, particularly in SPAC deals, have underperformed and resulted in losses for the company. While there have been recent efforts to improve capital allocation, including activist oversight and changes in management agreements, the risk of a "reversal to poor capital allocation—such as a large, unproven acquisition" remains. Additionally, the firm faces risks related to its ability to identify suitable acquisition candidates, undertake acquisitions in new lines of business, or effectively integrate acquired entities.
- Intense Competition and Market Price Fluctuations in Key Segments: Cannae's diversified portfolio exposes it to various market-specific risks. Segments like Dun & Bradstreet and Alight operate in highly competitive markets, necessitating continuous innovation to maintain a competitive edge. Furthermore, the Restaurant Group segment is vulnerable to market price fluctuations in commodities such as beef, seafood, and produce, which can materially impact food and beverage costs and, consequently, profitability. The company is also broadly exposed to changes in general economic, business, and political conditions, including financial market shifts and macroeconomic conditions.
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Cannae Holdings, Inc. (CNNE) is a principal investment firm that primarily invests in companies within the restaurant, technology-enabled healthcare services, and financial services sectors. The addressable markets for these main investment areas are substantial, both globally and within the United States.
Restaurants
- The global food service market, which encompasses restaurants, was valued at approximately USD 3.19 trillion in 2025 and is projected to reach USD 4.27 trillion by 2034.
- In the U.S., the food service restaurant market is valued at approximately USD 1.2 trillion.
Technology-Enabled Healthcare Services
- The global healthcare IT market, which includes technology-enabled healthcare services, was valued at approximately US$480.49 billion in 2025 and is projected to grow to US$961.26 billion by 2030.
- Within the U.S., the healthcare IT market size was approximately USD 182.09 billion in 2025 and is projected to reach around USD 566.48 billion by 2034.
Financial Services
- The global financial services market is projected to soar to approximately USD 35.86 trillion in 2025 and is expected to reach USD 47.35 trillion by 2029.
- The U.S. financial services market size was estimated at USD 65.18 billion in 2025 and is expected to grow to USD 133.96 billion by 2035.
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For Cannae Holdings, Inc. (CNNE), expected drivers of future revenue growth over the next 2-3 years primarily revolve around strategic portfolio transformation and active investment management:
- Strategic Shift and Investments in Sports and Entertainment Assets: Cannae is actively accelerating its strategic transformation to concentrate primarily on sports and entertainment-related assets. This includes making new proprietary investments in entities such as the Black Knight Football Club and FC Lorient, as well as undertaking infrastructure projects like stadium expansions to increase capacity and enhance revenue potential.
- Deployment of Capital into Proprietary Private Investment Opportunities: The company is rebalancing its portfolio by redeploying capital from historical public company investments into proprietary private opportunities, particularly those with positive cash flows and the potential for outsized returns. This strategy aims to identify and capitalize on promising enterprises, often in sectors beyond its traditional focus.
- Active Management and Operational Improvement of Portfolio Companies: Cannae seeks to generate long-term shareholder value through the active management and support of its portfolio companies. This involves providing capital for new product development, assisting with market entry strategies, facilitating mergers and acquisitions at the portfolio level, and working to improve their operational performance to increase underlying value. This hands-on approach is applied to diversify investments and maximize the potential of its holdings.
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Share Repurchases
- Cannae Holdings, Inc. authorized a new stock repurchase program effective March 6, 2026, allowing the company to repurchase up to 10 million additional shares of common stock, bringing the total authorization to 14.9 million shares (including 4.9 million remaining under prior authorizations).
- In the full year 2025, the company repurchased $323 million of stock, which represented 28% of its outstanding shares (17.4 million shares).
- Since 2021, Cannae expected to have repurchased over 50% of outstanding shares cumulatively by year-end 2025, including nearly $500 million of share repurchases, or 34% of the shares outstanding.
Share Issuance
- On March 9, 2026, Executive Vice President and General Counsel Michael L. Gravelle received a grant of 20,765 restricted shares as equity compensation.
- On March 9, 2026, Director and ten percent owner William P. Foley II was granted 150,000 Restricted Stock Units (RSUs) as equity compensation.
Inbound Investments
- No information regarding large inbound investments made in Cannae Holdings, Inc. by third-parties was available.
Outbound Investments
- Cannae has been undergoing a strategic transformation since February 2024, shifting its portfolio from 70% public equities to 80% proprietary private investments, with a focus on sports and entertainment-related assets.
- In 2025, Cannae invested an additional $67.5 million in JANA Partners, increasing its ownership to 50%. Total investment in JANA Partners, net of distributions, amounted to $118 million as of February 20, 2026.
- As of February 20, 2026, Cannae has invested $249 million in Black Knight Football Club, representing an approximate 42% ownership interest, and acquired the remaining 60% of FC Lorient for approximately EUR 60 million through Black Knight Football Club in Q1 2026.
Capital Expenditures
- Capital expenditures for the full year 2025 were $110 million, following $121 million in 2024.
- In Q4 2025, capital expenditures were $4.0 million.
- A primary focus of capital expenditures includes projects like stadium expansion at AFC Bournemouth, a Black Knight Football Club asset.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Cannae Earnings Notes | 12/16/2025 | |
| Would You Still Hold Cannae Stock If It Fell 30%? | 10/17/2025 | |
| Cannae (CNNE) Operating Cash Flow Comparison | 08/08/2025 | |
| Cannae (CNNE) Revenue Comparison | 08/08/2025 | |
| Cannae (CNNE) Debt Comparison | 08/08/2025 | |
| Cannae (CNNE) Net Income Comparison | 08/08/2025 | |
| Cannae (CNNE) EBITDA Comparison | 08/08/2025 | |
| Cannae (CNNE) Tax Expense Comparison | 08/08/2025 | |
| Cannae (CNNE) Operating Income Comparison | 08/08/2025 | |
| CNNE Dip Buy Analysis | 07/10/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 189.67 |
| Mkt Cap | 30.2 |
| Rev LTM | 7,103 |
| Op Inc LTM | 1,923 |
| FCF LTM | 1,542 |
| FCF 3Y Avg | 1,433 |
| CFO LTM | 2,027 |
| CFO 3Y Avg | 1,865 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 4.9% |
| Op Inc Chg 3Y Avg | 9.7% |
| Op Mgn LTM | 19.2% |
| Op Mgn 3Y Avg | 19.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 19.4% |
| CFO/Rev 3Y Avg | 18.7% |
| FCF/Rev LTM | 15.1% |
| FCF/Rev 3Y Avg | 14.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 30.2 |
| P/S | 3.1 |
| P/Op Inc | 16.0 |
| P/EBIT | 15.9 |
| P/E | 22.0 |
| P/CFO | 15.1 |
| Total Yield | 6.0% |
| Dividend Yield | 2.8% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.1% |
| 3M Rtn | 7.3% |
| 6M Rtn | -9.2% |
| 12M Rtn | -15.1% |
| 3Y Rtn | 20.8% |
| 1M Excs Rtn | 8.8% |
| 3M Excs Rtn | -4.7% |
| 6M Excs Rtn | -15.4% |
| 12M Excs Rtn | -40.3% |
| 3Y Excs Rtn | -47.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Restaurant Group | 390 | 420 | 536 | 631 | 705 |
| Corporate and Other | 33 | 33 | 34 | 32 | 38 |
| Affiliate Elimination | -5,357 | -4,480 | |||
| Alight | 3,132 | 1,554 | |||
| Dun & Bradstreet | 2,225 | 2,166 | |||
| Paysafe | 738 | ||||
| Sightline | 23 | ||||
| Total | 424 | 452 | 570 | 662 | 742 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| JANA | 4 | 2 | |||
| Black Knight Football (BKFC) | -11 | -50 | -52 | ||
| Restaurant Group | -34 | 4 | -26 | -18 | -19 |
| Corporate and Other | -149 | -229 | -194 | -402 | -343 |
| Alight | -237 | -16 | -35 | -72 | -48 |
| Dun & Bradstreet | -17 | 4 | -66 | ||
| Affiliate Elimination | 58 | 341 | |||
| Paysafe | -140 | ||||
| Sightline | -12 | ||||
| Total | -427 | -288 | -324 | -430 | -286 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate and Other | 706 | 1,416 | 949 | 2,787 | 3,494 |
| Restaurant Group | 252 | 275 | 290 | 338 | 396 |
| Black Knight Football (BKFC) | 147 | 108 | 112 | ||
| JANA | 141 | 56 | |||
| Alight | 74 | 374 | 507 | 11,235 | 10,988 |
| Dun & Bradstreet | 828 | 9,472 | 9,997 | ||
| Affiliate Elimination | -20,707 | -27,765 | |||
| Paysafe | 6,593 | ||||
| Sightline | 187 | ||||
| Total | 1,321 | 2,229 | 2,687 | 3,125 | 3,890 |
Price Behavior
| Market Price | $14.42 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 11/20/2017 | |
| Distance from 52W High | -32.2% | |
| 50 Days | 200 Days | |
| DMA Price | $13.54 | $15.03 |
| DMA Trend | down | up |
| Distance from DMA | 6.5% | -4.1% |
| 3M | 1YR | |
| Volatility | 31.2% | 33.4% |
| Downside Capture | 83.30 | 120.14 |
| Upside Capture | 128.26 | 55.43 |
| Correlation (SPY) | 40.8% | 33.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.46 | 0.39 | 1.14 | 1.09 | 0.97 | 0.99 |
| Up Beta | 0.49 | -0.19 | 0.24 | 0.62 | 0.79 | 0.92 |
| Down Beta | -0.04 | -0.06 | 1.89 | 1.56 | 1.28 | 1.00 |
| Up Capture | 109% | 138% | 158% | 88% | 52% | 65% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 14 | 28 | 37 | 61 | 126 | 375 |
| Down Capture | -26% | -6% | 112% | 130% | 116% | 105% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 6 | 13 | 26 | 60 | 118 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNNE | |
|---|---|---|---|---|
| CNNE | -24.7% | 33.3% | -0.81 | - |
| Sector ETF (XLY) | 9.5% | 18.3% | 0.36 | 32.5% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 33.4% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 10.0% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -11.3% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 21.9% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 29.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNNE | |
|---|---|---|---|---|
| CNNE | -15.2% | 34.8% | -0.40 | - |
| Sector ETF (XLY) | 7.3% | 23.8% | 0.26 | 58.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 58.6% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 7.8% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 9.3% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 50.7% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 28.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNNE | |
|---|---|---|---|---|
| CNNE | -1.8% | 36.0% | 0.04 | - |
| Sector ETF (XLY) | 12.6% | 22.1% | 0.52 | 58.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 57.9% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 7.2% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 16.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 49.7% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 22.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -2.9% | -4.4% | 3.5% |
| 2/23/2026 | -7.3% | -4.2% | -14.9% |
| 11/10/2025 | -10.2% | -11.9% | -0.8% |
| 8/11/2025 | -11.4% | -10.4% | -6.8% |
| 5/12/2025 | -5.3% | -2.5% | 5.4% |
| 2/24/2025 | -0.5% | -0.2% | 1.8% |
| 11/12/2024 | -2.8% | -6.1% | -4.7% |
| 8/8/2024 | -4.1% | -4.2% | -5.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 10 |
| # Negative | 16 | 16 | 14 |
| Median Positive | 2.5% | 4.1% | 4.6% |
| Median Negative | -3.9% | -4.3% | -5.6% |
| Max Positive | 11.7% | 13.2% | 12.2% |
| Max Negative | -11.4% | -11.9% | -15.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
Insider Activity
Updated 4/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sadowski, Peter T | EVP, Chief Legal Officer | Direct | Sell | 4282026 | 12.25 | 157 | Form | ||
| 2 | Martire, Frank R | Frank and Marisa Martire 2012 Florida Trust | Sell | 9032025 | 18.43 | 26,478 | Form | |||
| 3 | Martire, Frank R | Frank and Marisa Martire 2012 Florida Trust | Sell | 9032025 | 18.63 | 106,855 | 1,990,602 | 493,259 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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