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Clearway Energy, Inc. CWEN Free cash flow margin

Free cash flow margin at other companies

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-11.8%-4.4pp
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19.1%+9.8pp
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7.6%-4.9pp
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Ormat TechnologiesORA
-18.5%
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Quanta ServicesPWR
5.6%-0.2pp
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New Jersey ResourcesNJR
27.8%+4.7pp

Other financials

Income statement

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Revenue$354.0M+18.8%
Gross profit$351.0M+48.1%
Operating income$20.0M
Net income-$163.0M-5,333%
EPS (diluted)-$1.35-6,650%

Balance sheet

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Cash & equivalents$680.0M-4.4%
Total debt$9.9B+21.0%
Total equity$5.5B+1.5%
Total assets$16.9B+15.6%

Cash flow

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Operating cash flow$401.0M+322%
CapEx$75.0M+33.9%
Free cash flow$326.0M+736%

Valuation

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Market cap$5.83B+33.6%
Enterprise value$15.09B+26.7%
P/S3.9×+0.8×

Profitability

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Gross margin63.4%-1.5pp
Operating margin17.1%-5.2pp
Net margin-6.7%-12.9pp

Returns & leverage

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Return on equity-1.8%-3.5pp
Debt / equity1.8×+0.3×
Current ratio1.1×-0.4×

Where this comes from

Calculated from Clearway Energy, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Clearway Energy, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clearway Energy, Inc.'s free cash flow margin?
Clearway Energy, Inc. (CWEN) reported free cash flow margin of 44.2% in Q1 2026.
How has Clearway Energy, Inc.'s free cash flow margin changed year-over-year?
Clearway Energy, Inc.'s free cash flow margin increased by 15.2% year-over-year, from 38.3% to 44.2%.
What is the long-term trend for Clearway Energy, Inc.'s free cash flow margin?
Over 5 years (2020 to 2025), Clearway Energy, Inc.'s free cash flow margin has grown at a -6.0% compound annual growth rate (CAGR), from 35.1% to 25.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.