Financial Conglomerates

5 members, CNNE to IX, A to Z by ticker.

Gross profitability: median 5% — gross profit as a share of total assets, each member's median across its readable years; read on 2 of 5 members
Capital intensity: median 2.5% — capital expenditure as a share of revenue, each member's median across its readable years; read on 3 of 5 members
Net cash: 1 of the 3 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

From the latest filings · data as of August 17, 2026.

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CNNE Cannae Holdings Inc.

Revenue is Restaurant Group (92%) and Other revenues (8%).

Owner earnings 2016–2025 $11M($130M)($39M)($113M)($136M)($190M)($219M)($98M)($97M)($29M)

Retained capital not read

Balance sheet Net cash, +$111M

CODI Compass Diversified Holdings

The Trust and the LLC were formed to acquire and manage a group of small and middle-market businesses headquartered in North America.

Owner earnings 2016–2025 $87M$43M$73M$58M$119M$101M($107M)($38M)($208M)($51M)

Retained capital Retained $111M of earnings over 2016–2025; annual owner earnings fell $167M, $-1.50 per $1 retained.

Balance sheet Heavy net debt, $1.8B · buybacks at an average near $21.04

IEP Icahn Enterprises L.P.

We are a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.

Owner earnings 2016–2025 $971M($1.7B)$651M($1.7B)($615M)$16M$717M$3.4B$552M($654M)

Retained capital Paid out $3.0B more than it earned over 2016–2025; annual owner earnings grew $1.1B.

Balance sheet Net debt against an operating loss, $5.2B · dividend paid 5 of 10 yrs, cut at least once

INV Innventure Inc.

Revenue is Product revenue (76%) and Management Fees (24%).

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied

IX ORIX Corporation

ORIX is a Japanese diversified financial group. It began in equipment leasing and spread into lending, insurance, banking, real estate, and investment and asset management, financing, owning, and operating assets and then collecting the interest, lease payments, fees, and profits they throw off. In plain terms, it puts capital to work across many businesses, mostly in Japan but also abroad, and lives on the spread between what that capital earns and what it costs.

Owner earnings not applied to a balance-sheet business

Retained capital not applied to a balance-sheet business

Balance sheet a balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut

The same shelf as one comparative table, every member a row and every column sortable: the Financial Conglomerates table →

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.