Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) posted FCF Margin of 7.9% for Q1 2026, down 68.87% on a QoQ basis from 25.37% in Q4 2025, and down 1026.0% year-over-year from 0.85% in Q1 2025.
Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings' FCF Margin history runs 7 years deep, the most recent figure standing at 7.9% for Q1 2026.
- Quarterly FCF Margin fell 1026.0% year-over-year to 7.9% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.6% (up 196.0% YoY) and the FY2025 annual result came in at 24.02%, up 758.0% from the prior year.
- FCF Margin was 7.9% for Q1 2026 at Clearwater Analytics Holdings, down from 25.37% in the prior quarter.
- Across five years, FCF Margin topped out at 45.31% in Q3 2024 and bottomed at 23.1% in Q4 2024.
- A 5-year average of 19.82% and a median of 22.49% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 4700 bps — and 2025, when it jumped 4847 bps.
- Clearwater Analytics Holdings' FCF Margin stood at 21.73% in 2022, then rose by 10 bps to 23.9% in 2023, then slumped by 197 bps to 23.1% in 2024, then soared by 210 bps to 25.37% in 2025, then sank by 69 bps to 7.9% in 2026.
- Business Quant data shows CWAN's FCF Margin at 7.9% in Q1 2026, 25.37% in Q4 2025, and 23.89% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Clearwater Analytics Holdings | 7.24 Bn | 7.17 Bn | 145.55 Mn | 7.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.90% |
| Dec 31, 2025 | 25.37% |
| Sep 30, 2025 | 23.89% |
| Jun 30, 2025 | 26.65% |
| Mar 31, 2025 | 18.15% |
| Dec 31, 2024 | -23.10% |
| Sep 30, 2024 | 45.31% |
| Jun 30, 2024 | 39.72% |
| Mar 31, 2024 | 8.37% |
| Dec 31, 2023 | 23.90% |
| Sep 30, 2023 | 36.68% |
| Jun 30, 2023 | 21.76% |
| Mar 31, 2023 | 7.35% |
| Dec 31, 2022 | 21.73% |
| Sep 30, 2022 | 24.15% |
| Jun 30, 2022 | 22.49% |
| Mar 31, 2022 | 6.62% |
| Dec 31, 2021 | 11.06% |
| Sep 30, 2021 | 14.26% |
| Jun 30, 2021 | 1.80% |