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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	20.7%+4.7pp	16%+12.7pp	3.3%+32.8pp	-29.5%+15.8pp
Net margin	12.1%-9.9pp	22%+17.4pp	4.6%+19.6pp	-15%+17.1pp
Returns
Return on equity	58.1%-20.6pp	78.6%+67.9pp	10.7%+33.8pp	-23.1%—
Return on invested capital	67.5%+22.5pp	45%+38.8pp	6.2%—	——
Efficiency
Asset turnover	0.7×0.0×	0.7×+0.1×	0.6×+0.1×	0.5×0.0×
Liquidity
Current ratio	1×0.0×	1×-0.4×	1.4×-0.5×	1.9×-0.6×
Leverage
Debt-to-equity	0.6×0.0×	0.6×+0.1×	0.5×+0.1×	0.4×+0.3×
Net debt / EBITDA	0.1×-0.2×	0.3×-1.2×	1.6×—	——
Per Share
Book value per share	$1.83+8.8%	$1.68-34.7%	$2.57-28.3%	$3.59-2.4%
Valuation
Market capitalization	$3.43B+35.7%	$2.53B+34.0%	$1.89B-20.8%	$2.38B-1.0%
Price / earnings	31.4×+16.5×	14.9×-52.2×	67.1×—	——
Price / sales	3.8×+0.5×	3.3×+0.2×	3.1×-2.4×	5.4×-4.0×
Price / book	19.3×+6.6×	12.7×+4.7×	8.1×-0.1×	8.2×-0.5×
EV / EBITDA	15.6×-1.6×	17.2×-29.5×	46.7×—	——
Dividend yield	1.4%-0.2pp	1.6%+0.8pp	0.8%—	——

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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.