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Clearwater Analytics CWAN Return on invested capital

Return on invested capital at other companies

Northern Trust logo
Northern TrustNTRS
56.8%-37.7pp
State Street logo
State StreetSTT
20.6%-2.4pp
SS&C Technologies logo
SS&C TechnologiesSSNC
8.6%-0.5pp
Blackrock logo
BlackrockBLK
10.9%
Snowflake logo
SnowflakeSNOW
-326.9%-476pp
MicroStrategy logo
MicroStrategyMSTR
5.8%

Other financials

Income statement

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Revenue$221.2M+74.4%
Gross profit$145.5M+56.6%
Operating income$9.0M+26.9%
Net income-$2.8M-143%
EPS (diluted)-$0.01-133%

Balance sheet

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Cash & equivalents$81.5M-71.2%
Total debt$860.8M+1,189%
Total equity$2.0B+83.7%
Total assets$3.0B+135%

Cash flow

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Operating cash flow$17.7M-27.9%
CapEx$6.4M+339%
Free cash flow$11.2M-51.2%

Valuation

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Market cap$7.22B+8.9%
Enterprise value$8B+25.4%
P/S8.8×-5.2×

Profitability

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Gross margin66%-7.0pp
Operating margin-0.7%-4.8pp
Net margin-5.9%-96.0pp
FCF margin18.5%

Returns & leverage

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Return on equity-3.1%-59.4pp
Debt / equity0.4×+0.4×
Current ratio2.3×-2.8×

Where this comes from

Calculated from Clearwater Analytics’s reported figures.

Based on trailing twelve months.

The official record: Clearwater Analytics’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clearwater Analytics's return on invested capital?
Clearwater Analytics (CWAN) reported return on invested capital of -0.3% in Q1 2026.
How has Clearwater Analytics's return on invested capital changed year-over-year?
Clearwater Analytics's return on invested capital decreased by 108.6% year-over-year, from 3.6% to -0.3%.
What is the long-term trend for Clearwater Analytics's return on invested capital?
Over 2 years (2023 to 2025), Clearwater Analytics's return on invested capital has grown at a -86.6% compound annual growth rate (CAGR), from -24% to -0.4%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.