Clearwater Analytics Holdings (CWAN) Net Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) reported Net Margin of -1.25% for Q1 2026, down 6.39 percentage points from 5.13% a year earlier but up 4.29 percentage points from the prior quarter.
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Analysis
Clearwater Analytics Holdings (CWAN) Net Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Clearwater Analytics Holdings' Net Margin came in at -5.86%, down 96.00 percentage points year-over-year; for FY2025, it came in at -5.31%, down 99.24 percentage points from FY2024.
- Net Margin has a five-year change of +16.46 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 93.93% in FY2024 (+99.80 pp), -5.87% in FY2023 (-3.25 pp), -2.63% in FY2022 (+0.63 pp) and -3.26% in FY2021 (+18.51 pp).
- Five-year quarterly Net Margin spans a low of -12.89% in Q3 2021 and a high of 331.54% in Q4 2024.
- Year over year, Net Margin has now declined in each of the last four quarters, with an average year-over-year change of -0.98 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q4 2024 (a gain of 336.02 percentage points); the low point was Q4 2025 (a drop of 337.09 percentage points).
- Per Business Quant data, the three quarters before Q1 2026 came in at -5.55% (Q4 2025), -5.04% (Q3 2025) and -12.77% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 54.86% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 24.19% |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 22.36% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 31.08% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 7.47% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 17.88% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 8.34% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -7,044.56% |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.00 Bn | 145.55 Mn | -1.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -1.25% |
| Dec 31, 2025 | -5.55% |
| Sep 30, 2025 | -5.04% |
| Jun 30, 2025 | -12.77% |
| Mar 31, 2025 | 5.13% |
| Dec 31, 2024 | 331.54% |
| Sep 30, 2024 | 3.13% |
| Jun 30, 2024 | -0.40% |
| Mar 31, 2024 | 1.85% |
| Dec 31, 2023 | -4.48% |
| Sep 30, 2023 | -2.00% |
| Jun 30, 2023 | -12.15% |
| Mar 31, 2023 | -5.18% |
| Dec 31, 2022 | -3.58% |
| Sep 30, 2022 | -3.88% |
| Jun 30, 2022 | -3.31% |
| Mar 31, 2022 | 0.56% |
| Dec 31, 2021 | 0.14% |
| Sep 30, 2021 | -12.89% |
| Jun 30, 2021 | -0.35% |
API Access
Clearwater Analytics Holdings Net 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=net-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();