COMP <GO>
CNNE vs FWRG // ALTMAN Z-SCORE & DEBT/EQUITY
Cannae Holdings Inc. (NYSE) VS. First Watch Restaurant Group Inc. (NASDAQ) • 15-METRIC TALLY: CNNE 4
— FWRG 6
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: CNNE
LAST: $17.15 (+1.78%) • MKT CAP: $743.9M
balance-sheet
1.50
LAST: $12.51 (+8.31%) • MKT CAP: $772.0M
balance-sheet
1.06
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CNNE VS. FWRG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CNNE | FWRG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 15.50% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -10.60% | 3.60% | -14.20 | FWRG | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 4.7x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -2.43% | -4.01% | +1.58 | CNNE | /fcf-yield <GO> |
| Operating Margin | -28.20% | 2.30% | -30.50 | FWRG | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 1.60% | -61.60 | FWRG | /net-margins <GO> |
| Revenue Growth (YoY) | -6.40% | 20.30% | -26.70 | FWRG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 4.10% | 0.00% | +4.10 | CNNE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 1.50 | 1.06 | +0.44 | CNNE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 5/9 | -2.00 | FWRG | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 71.4 | 61.2 | +10.20 | CNNE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 33.3x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $743.9M | $772.0M | -$28.2M | FWRG | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CNNE REV | FWRG REV | CNNE GROSS % | FWRG GROSS % | CNNE FCF | FWRG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $423.6M | $1.22B | 15.5% | — | -$18.1M | -$31.0M |
| FY 2024 | $452.5M | $1.02B | 18.0% | — | -$90.1M | -$12.2M |
| FY 2023 | $570.0M | $891.6M | — | — | -$87.8M | $95.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CNNE // BETA —
FWRG // BETA —