CNNECannae Holdings, Inc.
Retail-Eating & Drinking Places
- Revenue
- $424M
- 6.4% YoY
- Operating margin
- -28.2%
- 23% YoY
- EBITDA
- −$108M
- 19% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$500K net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-19× cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $742M | $662M | $570M | $453M | $424M | 6.4% |
| Operating income | −$134M | −$145M | −$119M | −$104M | −$120M | 15% |
| Net income | −$287M | −$428M | −$313M | −$305M | −$513M | 68% |
| Operating cash flow | −$176M | −$205M | −$88M | −$90M | −$18M | 80% |
| Capex | $14M | $14M | $10M | $7M | $10M | 49% |
| Stock-based comp | $2M | $2M | $4M | $19M | $19M | 1.6% |
| Buybacks | $160M | $230M | $113M | $231M | $320M | 38% |
| Dividends | — | $0 | $0 | $22M | $31M | 36% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 37 | 176 |
| FY2024 | — | — | 46 | 172 |
| FY2023 | — | — | 44 | 127 |
| FY2022 | — | — | 47 | 91 |
| FY2021 | — | — | 79 | 122 |