Clearwater Analytics Holdings (CWAN) EBT Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) recorded EBT Margin of -1.63% in Q1 2026, down 8.32 percentage points from 6.69% a year earlier but up 8.33 percentage points from the prior quarter.
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Analysis
Clearwater Analytics Holdings (CWAN) EBT Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Clearwater Analytics Holdings' EBT Margin came in at -7.48% as of Mar 31, 2026, down 2.50 percentage points year-over-year; for FY2025, it came in at -6.79%, down 0.14 percentage points from FY2024.
- Annual EBT Margin has declined for three straight years, though with a five-year change of +14.53 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at -6.65% in FY2024 (-0.44 pp), -6.21% in FY2023 (-4.45 pp), -1.76% in FY2022 (+1.26 pp) and -3.02% in FY2021 (+18.30 pp).
- Quarterly EBT Margin has ranged from -29.13% in Q4 2024 to 6.69% in Q1 2025 over the past five years.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of -1.73 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 125.71 percentage points in Q4 2021, against a drop of 39.12 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -9.96% (Q4 2025), -4.88% (Q3 2025) and -14.56% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 55.87% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 28.98% |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 30.43% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 40.12% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 10.99% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 22.98% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 12.40% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -6,715.87% |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.00 Bn | 145.55 Mn | -1.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -1.63% |
| Dec 31, 2025 | -9.96% |
| Sep 30, 2025 | -4.88% |
| Jun 30, 2025 | -14.56% |
| Mar 31, 2025 | 6.69% |
| Dec 31, 2024 | -29.13% |
| Sep 30, 2024 | 3.70% |
| Jun 30, 2024 | 0.33% |
| Mar 31, 2024 | 2.08% |
| Dec 31, 2023 | -3.08% |
| Sep 30, 2023 | -2.76% |
| Jun 30, 2023 | -13.41% |
| Mar 31, 2023 | -6.09% |
| Dec 31, 2022 | -1.89% |
| Sep 30, 2022 | -3.40% |
| Jun 30, 2022 | -2.63% |
| Mar 31, 2022 | 1.08% |
| Dec 31, 2021 | 0.12% |
| Sep 30, 2021 | -17.39% |
| Jun 30, 2021 | 0.11% |
API Access
Clearwater Analytics Holdings EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "CWAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();