Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) reported FCF Margin of 7.9% for Q1 2026, down 1136.0% on a YoY basis from 0.76% in Q1 2025, and down 67.15% quarter-over-quarter from 24.05% in Q4 2025.
Clearwater Analytics Holdings (CWAN) FCF Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings has reported FCF Margin for 7 years, with the latest figure at 7.9% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 1136.0% year-over-year to 7.9%; the trailing twelve-month figure through Mar 2026 stood at 19.06% (up 151.0% YoY), and the FY2025 full-year result was 22.47%, up 718.0% from the prior year.
- FCF Margin for Q1 2026 stood at 7.9%, down from 24.05% in the prior quarter.
- The five-year high for FCF Margin was 42.81% in Q3 2024, with the low at 27.23% in Q4 2024.
- Historically, FCF Margin has averaged 18.73% across 5 years, with a median of 19.69% in 2022.
- Annual changes were most pronounced in 2024 — FCF Margin sank 5523 bps — and 2025, when it jumped 5127 bps.
- Clearwater Analytics Holdings' FCF Margin stood at 19.69% in 2022, then surged by 42 bps to 28.0% in 2023, then slumped by 197 bps to 27.23% in 2024, then soared by 188 bps to 24.05% in 2025, then sank by 67 bps to 7.9% in 2026.
- The last three FCF Margin figures came in at 7.9% (Q1 2026), 24.05% (Q4 2025), and 19.76% (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 | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Clearwater Analytics Holdings | 7.15 Bn | 7.07 Bn | 145.55 Mn | 7.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.90% |
| Dec 31, 2025 | 24.05% |
| Sep 30, 2025 | 19.76% |
| Jun 30, 2025 | 25.88% |
| Mar 31, 2025 | 19.26% |
| Dec 31, 2024 | -27.23% |
| Sep 30, 2024 | 42.81% |
| Jun 30, 2024 | 41.16% |
| Mar 31, 2024 | 9.69% |
| Dec 31, 2023 | 28.00% |
| Sep 30, 2023 | 32.39% |
| Jun 30, 2023 | 20.09% |
| Mar 31, 2023 | 9.13% |
| Dec 31, 2022 | 19.69% |
| Sep 30, 2022 | 16.68% |
| Jun 30, 2022 | 19.46% |
| Mar 31, 2022 | 9.77% |
| Dec 31, 2021 | 11.06% |
| Sep 30, 2021 | 14.26% |
| Jun 30, 2021 | -0.16% |