Where do Clear Secure's ratios come from?

Every ratio is computed from Clear Secure'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.

Clear Secure YOU Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	22.4%+1.7pp	20.7%+1.5pp	19.2%+1.4pp	17.8%+0.8pp	17.1%+1.1pp
Net margin	13%+0.9pp	12.1%-8.9pp	21%-0.2pp	21.2%-0.8pp	22%-0.1pp
Returns
Return on equity	81.2%+23.1pp	58.1%-72.9pp	130.9%+2.2pp	128.7%+3.9pp	124.8%+46.2pp
Return on invested capital	125.5%+58.0pp	67.5%-15.9pp	83.4%+4.9pp	78.5%+4.5pp	74.1%+29.1pp
Efficiency
Asset turnover	0.7×0.0×	0.7×-0.2×	0.9×+0.1×	0.8×0.0×	0.8×+0.1×
Liquidity
Current ratio	1×0.0×	1×+0.1×	0.9×+0.1×	0.9×0.0×	0.8×-0.2×
Leverage
Debt-to-equity	0.6×0.0×	0.6×-0.1×	0.8×-0.2×	0.9×-0.1×	1×+0.4×
Net debt / EBITDA	-0.3×-0.4×	0.1×-0.1×	0.2×+0.1×	0.1×0.0×	0.2×-0.2×
Per Share
Book value per share	$1.83+0.4%	$1.83+20.3%	$1.52+18.2%	$1.29+6.6%	$1.21-28.3%
Valuation
Market capitalization	$4.81B+40.1%	$3.43B+7.2%	$3.2B+29.5%	$2.47B-1.4%	$2.51B-0.8%
Price / earnings	39.2×+7.8×	31.4×+13.8×	17.6×+3.6×	14×-0.2×	14.2×-0.7×
Price / sales	5.1×+1.3×	3.8×+0.1×	3.7×+0.7×	3×-0.2×	3.1×-0.2×
Price / book	25.9×+6.6×	19.3×-2.2×	21.5×+1.2×	20.4×-1.1×	21.5×+8.7×
EV / EBITDA	19.3×+3.7×	15.6×-1.0×	16.6×+2.5×	14.1×-1.3×	15.5×-1.7×
Dividend yield	1.1%-0.3pp	1.4%-0.1pp	1.5%-0.3pp	1.8%+0.1pp	1.7%+0.1pp

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Questions, answered.

Where do Clear Secure's ratios come from?: Every ratio is computed from Clear Secure'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.