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Side-by-side financial comparison of Cannae Holdings, Inc. (CNNE) and LEGALZOOM.COM, INC. (LZ). Click either name above to swap in a different company.

LEGALZOOM.COM, INC. is the larger business by last-quarter revenue ($190.3M vs $103.3M, roughly 1.8× Cannae Holdings, Inc.). LEGALZOOM.COM, INC. runs the higher net margin — 3.2% vs -90.0%, a 93.2% gap on every dollar of revenue. On growth, LEGALZOOM.COM, INC. posted the faster year-over-year revenue change (17.7% vs -6.0%). LEGALZOOM.COM, INC. produced more free cash flow last quarter ($28.0M vs $12.0M). Over the past eight quarters, LEGALZOOM.COM, INC.'s revenue compounded faster (4.5% CAGR vs -3.4%).

Cannae Holdings, Inc. is a diversified holding company that primarily invests in and operates businesses across multiple sectors including financial services, restaurant and hospitality, technology, and healthcare. Its core market is the United States, and it focuses on driving long-term stakeholder value through active portfolio management and strategic operational support for its portfolio companies.

LegalZoom.com, Inc. is an American online legal technology and services company launched in 2001. It provides online legal services using an independent network of attorneys and the LegalZoom-owned law firm, LegalZoom Legal Services, as well as self-service technology and care specialists. Services include wills and living trusts, business compliance such as licenses and permits, copyright registrations, and trademark applications. The company also offers attorney referrals and registered age...

CNNE vs LZ — Head-to-Head

Bigger by revenue
LZ
LZ
1.8× larger
LZ
$190.3M
$103.3M
CNNE
Growing faster (revenue YoY)
LZ
LZ
+23.7% gap
LZ
17.7%
-6.0%
CNNE
Higher net margin
LZ
LZ
93.2% more per $
LZ
3.2%
-90.0%
CNNE
More free cash flow
LZ
LZ
$16.0M more FCF
LZ
$28.0M
$12.0M
CNNE
Faster 2-yr revenue CAGR
LZ
LZ
Annualised
LZ
4.5%
-3.4%
CNNE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNNE
CNNE
LZ
LZ
Revenue
$103.3M
$190.3M
Net Profit
$-93.0M
$6.1M
Gross Margin
15.2%
67.6%
Operating Margin
-23.3%
6.6%
Net Margin
-90.0%
3.2%
Revenue YoY
-6.0%
17.7%
Net Profit YoY
-101.7%
-52.9%
EPS (diluted)
$-2.09
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNNE
CNNE
LZ
LZ
Q4 25
$103.3M
$190.3M
Q3 25
$106.9M
$190.2M
Q2 25
$110.2M
$192.5M
Q1 25
$103.2M
$183.1M
Q4 24
$109.9M
$161.7M
Q3 24
$113.9M
$168.6M
Q2 24
$118.0M
$177.4M
Q1 24
$110.7M
$174.2M
Net Profit
CNNE
CNNE
LZ
LZ
Q4 25
$-93.0M
$6.1M
Q3 25
$-68.4M
$4.5M
Q2 25
$-238.8M
$-266.0K
Q1 25
$-113.0M
$5.1M
Q4 24
$-46.1M
$12.9M
Q3 24
$-13.6M
$11.1M
Q2 24
$-155.0M
$1.3M
Q1 24
$-89.9M
$4.7M
Gross Margin
CNNE
CNNE
LZ
LZ
Q4 25
15.2%
67.6%
Q3 25
17.1%
67.3%
Q2 25
17.6%
65.0%
Q1 25
11.8%
63.7%
Q4 24
16.4%
67.0%
Q3 24
18.3%
67.5%
Q2 24
21.9%
64.1%
Q1 24
14.9%
60.7%
Operating Margin
CNNE
CNNE
LZ
LZ
Q4 25
-23.3%
6.6%
Q3 25
-12.3%
3.4%
Q2 25
-55.3%
-1.6%
Q1 25
-20.7%
4.9%
Q4 24
-20.0%
8.1%
Q3 24
-15.9%
9.6%
Q2 24
-19.5%
0.6%
Q1 24
-36.7%
2.9%
Net Margin
CNNE
CNNE
LZ
LZ
Q4 25
-90.0%
3.2%
Q3 25
-64.0%
2.4%
Q2 25
-216.7%
-0.1%
Q1 25
-109.5%
2.8%
Q4 24
-41.9%
7.9%
Q3 24
-11.9%
6.6%
Q2 24
-131.4%
0.7%
Q1 24
-81.2%
2.7%
EPS (diluted)
CNNE
CNNE
LZ
LZ
Q4 25
$-2.09
$0.03
Q3 25
$-1.25
$0.02
Q2 25
$-3.93
$0.00
Q1 25
$-1.81
$0.03
Q4 24
$-0.75
$0.07
Q3 24
$-0.22
$0.06
Q2 24
$-2.49
$0.01
Q1 24
$-1.27
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNNE
CNNE
LZ
LZ
Cash + ST InvestmentsLiquidity on hand
$182.0M
$203.1M
Total DebtLower is stronger
$70.8M
Stockholders' EquityBook value
$1.0B
$171.9M
Total Assets
$1.3B
$511.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNNE
CNNE
LZ
LZ
Q4 25
$182.0M
$203.1M
Q3 25
$233.8M
$237.2M
Q2 25
$66.7M
$217.0M
Q1 25
$126.2M
$210.0M
Q4 24
$131.5M
$142.1M
Q3 24
$112.5M
Q2 24
$118.8M
Q1 24
$228.1M
Total Debt
CNNE
CNNE
LZ
LZ
Q4 25
$70.8M
Q3 25
$68.6M
Q2 25
$168.4M
Q1 25
$170.6M
Q4 24
$181.0M
Q3 24
$181.2M
Q2 24
$78.2M
Q1 24
$79.3M
Stockholders' Equity
CNNE
CNNE
LZ
LZ
Q4 25
$1.0B
$171.9M
Q3 25
$1.2B
$201.9M
Q2 25
$1.4B
$194.1M
Q1 25
$1.7B
$187.2M
Q4 24
$1.8B
$93.3M
Q3 24
$1.9B
$60.1M
Q2 24
$1.9B
$60.8M
Q1 24
$2.3B
$167.9M
Total Assets
CNNE
CNNE
LZ
LZ
Q4 25
$1.3B
$511.5M
Q3 25
$1.5B
$551.1M
Q2 25
$1.8B
$543.0M
Q1 25
$2.1B
$532.7M
Q4 24
$2.2B
$373.9M
Q3 24
$2.3B
$348.8M
Q2 24
$2.2B
$359.5M
Q1 24
$2.6B
$459.7M
Debt / Equity
CNNE
CNNE
LZ
LZ
Q4 25
0.07×
Q3 25
0.06×
Q2 25
0.12×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
Q2 24
0.04×
Q1 24
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNNE
CNNE
LZ
LZ
Operating Cash FlowLast quarter
$16.0M
$34.1M
Free Cash FlowOCF − Capex
$12.0M
$28.0M
FCF MarginFCF / Revenue
11.6%
14.7%
Capex IntensityCapex / Revenue
3.9%
3.2%
Cash ConversionOCF / Net Profit
5.63×
TTM Free Cash FlowTrailing 4 quarters
$-28.5M
$147.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNNE
CNNE
LZ
LZ
Q4 25
$16.0M
$34.1M
Q3 25
$-21.6M
$54.2M
Q2 25
$-21.6M
$39.1M
Q1 25
$9.1M
$50.7M
Q4 24
$-12.0M
$42.6M
Q3 24
$-31.9M
$31.6M
Q2 24
$-10.2M
$27.2M
Q1 24
$-36.0M
$34.2M
Free Cash Flow
CNNE
CNNE
LZ
LZ
Q4 25
$12.0M
$28.0M
Q3 25
$-24.1M
$47.0M
Q2 25
$-23.6M
$31.6M
Q1 25
$7.2M
$41.3M
Q4 24
$-14.4M
$35.9M
Q3 24
$-33.6M
$22.0M
Q2 24
$-11.8M
$17.4M
Q1 24
$-37.3M
$24.7M
FCF Margin
CNNE
CNNE
LZ
LZ
Q4 25
11.6%
14.7%
Q3 25
-22.5%
24.7%
Q2 25
-21.4%
16.4%
Q1 25
7.0%
22.6%
Q4 24
-13.1%
22.2%
Q3 24
-29.5%
13.0%
Q2 24
-10.0%
9.8%
Q1 24
-33.7%
14.2%
Capex Intensity
CNNE
CNNE
LZ
LZ
Q4 25
3.9%
3.2%
Q3 25
2.3%
3.8%
Q2 25
1.8%
3.9%
Q1 25
1.8%
5.1%
Q4 24
2.2%
4.1%
Q3 24
1.5%
5.7%
Q2 24
1.4%
5.6%
Q1 24
1.2%
5.4%
Cash Conversion
CNNE
CNNE
LZ
LZ
Q4 25
5.63×
Q3 25
12.03×
Q2 25
Q1 25
9.89×
Q4 24
3.31×
Q3 24
2.86×
Q2 24
20.74×
Q1 24
7.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNNE
CNNE

Reportable Segment Aggregation Before Other Operating Segment$94.9M92%
Other Operating Revenue$8.4M8%

LZ
LZ

Segment breakdown not available.

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