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Clearway Energy, Inc. CWEN Net debt / EBITDA

Net debt / EBITDA at other companies

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AESAES
-0.3×
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Xcel EnergyXEL
6.6×+0.6×
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GE VernovaGEV
-3.6×-0.1×
Ormat Technologies logo
Ormat TechnologiesORA
-1.2×-1.5×
Quanta Services logo
Quanta ServicesPWR
2.2×+0.3×
New Jersey Resources logo
New Jersey ResourcesNJR
4.9×+0.8×

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
FCF margin44.2%+5.8pp

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 the most recent quarter.

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 net debt / EBITDA?
Clearway Energy, Inc. (CWEN) reported net debt / EBITDA of 10.4× in Q1 2026.
How has Clearway Energy, Inc.'s net debt / EBITDA changed year-over-year?
Clearway Energy, Inc.'s net debt / EBITDA increased by 20.9% year-over-year, from 8.6× to 10.4×.
What is the long-term trend for Clearway Energy, Inc.'s net debt / EBITDA?
Over 5 years (2020 to 2025), Clearway Energy, Inc.'s net debt / EBITDA has grown at a 2.3% compound annual growth rate (CAGR), from 9× to 10.1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.