Clearwater Analytics CWAN Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 67.3%-5.5pp | 72.8%+1.9pp | 70.9%-0.2pp | 71.1%-2.0pp | |
| Operating margin | -1.1%-3.8pp | 2.7%— | —— | 1.7%-9.6pp | |
| Net margin | -5.3%-99.3pp | 93.9%+99.8pp | -5.9%-3.2pp | -2.6%+3.7pp | |
| EBITDA margin | 10.6%+5.2pp | 5.4%+11.3pp | -5.9%-9.3pp | 3.4%-9.3pp | |
| Free cash flow margin | 22.5%— | —— | 21.5%+4.9pp | 16.6%— | |
| Returns | |||||
| Return on equity | -2.6%-64.9pp | 62.3%+68.5pp | -6.2%— | —— | |
| Return on assets | -1.9%-51.0pp | 49.1%+53.3pp | -4.2%-2.2pp | -1.9%+5.0pp | |
| Return on invested capital | -0.4%-3.2pp | 2.7%+26.7pp | -24%— | —— | |
| Efficiency | |||||
| Asset turnover | 0.3×-0.2× | 0.5×-0.2× | 0.7×0.0× | 0.7×-0.4× | |
| Liquidity | |||||
| Current ratio | 1.8×-3.2× | 5×-0.2× | 5.1×-0.2× | 5.4×-4.9× | |
| Quick ratio | 1.8×-3.2× | 5×-0.2× | 5.1×-0.2× | 5.4×-4.9× | |
| Cash ratio | 0.6×-3.1× | 3.7×-0.2× | 3.9×+0.1× | 3.9×-4.3× | |
| Leverage | |||||
| Debt-to-equity | 0.4×+0.4× | 0.1×-0.1× | 0.2×0.0× | 0.2×— | |
| Debt-to-assets | 0.3×+0.2× | 0.1×-0.1× | 0.1×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | 9.9×+18.8× | -8.9×— | —— | -17.6×-11.2× | |
| Per Share | |||||
| Book value per share | $7.45+88.0% | $3.96+123% | $1.77-2.7% | $1.82— | |
| Valuation | |||||
| Market capitalization | $7.07B+12.4% | $6.29B+52.3% | $4.13B+15.9% | $3.56B-37.2% | |
| Enterprise value | $7.84B+29.1% | $6.07B+56.5% | $3.88B+14.8% | $3.38B-38.2% | |
| Price / sales | 9.7×-4.3× | 13.9×+2.7× | 11.2×-0.5× | 11.7×-10.8× | |
| Price / book | 3.5×-2.7× | 6.2×-5.4× | 11.7×+1.1× | 10.5×— | |
| EV / EBITDA | 100.7×-148× | 248.8×— | —— | 327.7×+156× | |
| EV / sales | 10.7×-2.7× | 13.4×+2.9× | 10.5×-0.6× | 11.1×-10.6× | |
| Free cash flow yield | 2.3%— | —— | 1.9%+0.5pp | 1.4%— | |
| Earnings yield | -0.6%-7.3pp | 6.7%+7.3pp | -0.5%-0.3pp | -0.2%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Clearwater Analytics's profit margins?
- Clearwater Analytics (CWAN) runs a 66.0% gross margin and a -0.7% operating margin, with a -5.9% net margin.
- Where do Clearwater Analytics's ratios come from?
- Every ratio is computed from Clearwater Analytics's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
