Clearwater Analytics Holdings (CWAN) EBITDA Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) reported EBITDA Margin of 4.06% for Q1 2026, down 152.0% on a YoY basis from 7.81% in Q1 2025, and up 231.05% quarter-over-quarter from 3.1% in Q4 2025.
Clearwater Analytics Holdings (CWAN) EBITDA Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings has reported EBITDA Margin for 7 years, with the latest figure at 4.06% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 152.0% year-over-year to 4.06%; the trailing twelve-month figure through Mar 2026 stood at 0.7% (down 479.0% YoY), and the FY2025 full-year result was 1.05%, down 376.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 4.06%, up from 3.1% in the prior quarter.
- The five-year high for EBITDA Margin was 6.34% in Q3 2024, with the low at 8.01% in Q2 2025.
- Historically, EBITDA Margin has averaged 0.0% across 5 years, with a median of 1.54% in 2022.
- Annual changes were most pronounced in 2022 — EBITDA Margin plunged 1925 bps — and 2024, when it jumped 1255 bps.
- Clearwater Analytics Holdings' EBITDA Margin stood at 4.69% in 2022, then plunged by 44 bps to 2.62% in 2023, then sank by 63 bps to 0.96% in 2024, then sank by 422 bps to 3.1% in 2025, then surged by 231 bps to 4.06% in 2026.
- The last three EBITDA Margin figures came in at 4.06% (Q1 2026), 3.1% (Q4 2025), and 3.2% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Clearwater Analytics Holdings | 7.15 Bn | 7.07 Bn | 145.55 Mn | 4.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.06% |
| Dec 31, 2025 | -3.10% |
| Sep 30, 2025 | 3.20% |
| Jun 30, 2025 | -8.01% |
| Mar 31, 2025 | 5.58% |
| Dec 31, 2024 | 0.96% |
| Sep 30, 2024 | 6.34% |
| Jun 30, 2024 | 3.60% |
| Mar 31, 2024 | -0.16% |
| Dec 31, 2023 | 2.62% |
| Sep 30, 2023 | -6.22% |
| Jun 30, 2023 | -7.93% |
| Mar 31, 2023 | -7.47% |
| Dec 31, 2022 | 4.69% |
| Sep 30, 2022 | -1.52% |
| Jun 30, 2022 | 1.54% |
| Mar 31, 2022 | 1.81% |
| Dec 31, 2021 | 0.94% |
| Sep 30, 2021 | 11.26% |
| Jun 30, 2021 | 14.06% |