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Clear Secure YOU Free cash flow margin

Free cash flow margin at other companies

Okta, Inc. logo
Okta, Inc.OKTA
30.4%+1.9pp
Global Business Travel Group logo
Global Business Travel GroupGBTG
0.9%-6.0pp
Travel + Leisure logo
Travel + LeisureTNL
10.9%-0.7pp

Other financials

Income statement

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Revenue$253.0M+19.7%
Operating income$62.0M+65.8%
Net income$38.8M+52.7%
EPS (diluted)$0.38+46.2%

Balance sheet

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Cash & equivalents$173.5M+91.4%
Total debt$111.3M-6.9%
Total equity$185.3M+58.8%
Total assets$1.4B+28.0%

Cash flow

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Operating cash flow$190.4M+93.6%
CapEx$4.9M-31.2%
Free cash flow$185.5M+103%

Valuation

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Market cap$5.18B+91.7%

Profitability

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Operating margin22.4%+5.3pp
Net margin13%-9.0pp

Returns & leverage

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Return on equity81.2%-43.6pp
Debt / equity0.6×-0.4×
Current ratio+0.2×

Where this comes from

Calculated from Clear Secure’s reported figures.

Based on trailing twelve months.

The official record: Clear Secure’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clear Secure's free cash flow margin?
Clear Secure (YOU) reported free cash flow margin of 39.9% in Q2 2024.
How has Clear Secure's free cash flow margin changed year-over-year?
Clear Secure's free cash flow margin increased by 8.1% year-over-year, from 36.9% to 39.9%.
What is the long-term trend for Clear Secure's free cash flow margin?
Over 3 years (2020 to 2023), Clear Secure's free cash flow margin has grown at a 39.6% compound annual growth rate (CAGR), from -12.5% to 34%.
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.