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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Clearwater Analytics Holdings (CWAN) Gross Margin (2020 - 2025)

Clearwater Analytics Holdings' Gross Margin history spans 6 years, with the latest figure at 67.24% for Q4 2025.

  • For Q4 2025, Gross Margin fell 622.0% year-over-year to 67.24%; the TTM value through Dec 2025 reached 67.29%, down 549.0%, while the annual FY2025 figure was 67.29%, 549.0% down from the prior year.
  • Gross Margin reached 67.24% in Q4 2025 per CWAN's latest filing, up from 65.56% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 74.83% in Q1 2021 to a low of 65.14% in Q2 2025.
  • Average Gross Margin over 5 years is 71.13%, with a median of 71.48% recorded in 2022.
  • Peak YoY movement for Gross Margin: skyrocketed 208bps in 2024, then crashed -737bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 71.07% in 2021, then increased by 2bps to 72.22% in 2022, then fell by -1bps to 71.38% in 2023, then grew by 3bps to 73.46% in 2024, then dropped by -8bps to 67.24% in 2025.
  • Per Business Quant, the three most recent readings for CWAN's Gross Margin are 67.24% (Q4 2025), 65.56% (Q3 2025), and 65.14% (Q2 2025).