Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly FCF Margin came in at 7.9% in Q1 2026, down 1026.0% YoY from 0.85% in Q1 2025, and down 68.87% on a QoQ basis from 25.37% in Q4 2025.
Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has 7 years of FCF Margin data on file, last reported at 7.9% in 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 fell to 7.9% in Q1 2026, from 25.37% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 45.31% in Q3 2024 to a low of 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 tumbled 4700 bps — and 2025, when it jumped 4847 bps.
- Tracing CWAN's FCF Margin over 5 years: stood at 21.73% in 2022, then grew by 10 bps to 23.9% in 2023, then plunged by 197 bps to 23.1% in 2024, then jumped by 210 bps to 25.37% in 2025, then tumbled by 69 bps to 7.9% in 2026.
- The last three FCF Margin figures came in at 7.9% (Q1 2026), 25.37% (Q4 2025), and 23.89% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 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% |