Clearwater Analytics Holdings reported a gross margin of 65.79% and a net margin of -1.26% for the quarter ended Mar 2026. These financial ratios cover 23 quarters of results from Sep 2020 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||
| Gross Margin | 74.41% | 72.42% | 71.07% | 70.09% | 71.50% | 70.32% | 72.22% | 70.66% | 70.01% | 71.46% | 71.38% | 72.57% | 72.01% | 72.93% | 73.46% | 73.26% | 65.14% | 65.56% | 67.24% | 65.79% | |||
| EBT Margin | 0.11% | -17.39% | 0.12% | 1.08% | -2.63% | -3.40% | -1.89% | -6.09% | -13.41% | -2.76% | -3.08% | 2.08% | 0.33% | 3.70% | -29.13% | 6.69% | -14.56% | -4.88% | -9.96% | -1.63% | |||
| EBIT Margin | 14.06% | 11.26% | 0.94% | 1.81% | 1.54% | -1.52% | 4.69% | -7.47% | -7.93% | -6.22% | 2.62% | -0.16% | 3.60% | 6.34% | 0.96% | 5.58% | -8.01% | 3.20% | -3.10% | 4.06% | |||
| EBITDA Margin | 14.06% | 11.26% | 0.94% | 1.81% | 1.54% | -1.52% | 4.69% | -7.47% | -7.93% | -6.22% | 2.62% | -0.16% | 3.60% | 6.34% | 0.96% | 5.58% | -8.01% | 3.20% | -3.10% | 4.06% | |||
| Operating Margin | 14.06% | 11.26% | 0.94% | 1.81% | 1.54% | -1.52% | 4.69% | -7.47% | -7.93% | -6.22% | 2.62% | -0.16% | 3.60% | 6.34% | 0.96% | 5.58% | -8.01% | 3.20% | -3.10% | 4.06% | |||
| Net Margin | -0.35% | -17.72% | 0.19% | 0.75% | -3.04% | -3.95% | -2.38% | -6.40% | -13.21% | -2.48% | -3.48% | 2.18% | 0.26% | 4.12% | 332.35% | 5.47% | -13.27% | -5.13% | -5.76% | -1.26% | |||
| FCF Margin | 1.80% | 9.34% | 15.61% | 6.62% | 22.49% | 16.68% | 19.69% | 7.35% | 21.76% | 32.39% | 22.76% | 8.37% | 39.72% | 41.50% | -23.74% | 18.15% | 24.24% | 21.90% | 24.05% | 5.08% | |||
| Efficiency | |||||||||||||||||||||||
| Assets AverageAssets Avg. | 335.48M | 362.98M | 391.13M | 410.19M | 450.83M | 486.67M | 501.53M | 523.59M | 547.12M | 553.27M | 566.48M | 604.30M | 896.51M | 1,227.45M | 2,153.27M | 3,005.87M | 3,011.22M | 3,029.39M | |||||
| Invested CapitalInvested Cap. | 296.96M | 315.77M | 337.00M | 351.80M | 362.17M | 389.63M | 1,550.58M | 420.64M | 440.68M | 458.24M | 454.13M | 476.60M | 500.20M | 1,076.14M | 1,187.85M | 2,866.07M | 2,840.42M | 2,853.74M | 2,860.96M | ||||
| Asset Utilization RatioAsset Util. | 0.75 | 0.73 | 0.71 | 0.71 | 0.67 | 0.65 | 0.67 | 0.67 | 0.67 | 0.70 | 0.71 | 0.70 | 0.50 | 0.39 | 0.26 | 0.21 | 0.24 | 0.27 | |||||
| Leverage & Solvency | |||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 1.01 | 0.87 | 1.55 | 2.98 | 2.80 | ||||||||||||||||||
| Debt Ratio | 0.17 | 0.16 | 0.14 | 0.13 | 0.12 | 0.11 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.04 | 0.04 | 0.29 | 0.28 | 0.27 | 0.27 | ||||
| Times Interest Earned | 1.01 | 0.87 | 1.55 | 2.98 | 2.80 | ||||||||||||||||||
| Return Ratios | |||||||||||||||||||||||
| Return on Sales [ROS]ROS | 14.06% | 11.26% | 0.94% | 1.81% | 1.54% | -1.52% | 4.69% | -7.47% | -7.93% | -6.22% | 2.62% | -0.16% | 3.60% | 6.34% | 0.96% | 5.58% | -8.01% | 3.20% | -3.10% | 4.06% | |||
| Return on Capital Employed [ROCE]ROCE | 9.35% | 5.30% | 2.86% | 0.51% | 1.33% | -0.58% | -2.42% | -3.36% | -3.59% | -2.19% | 0.08% | 2.66% | 1.49% | 1.70% | 0.05% | 0.01% | -0.27% | -0.20% | |||||
| Return on Invested Capital [ROIC]ROIC | 9.88% | 5.80% | 3.17% | 0.66% | 1.71% | -0.29% | -1.14% | -3.63% | -3.76% | -2.30% | 0.08% | 2.86% | -22.08% | -31.37% | -0.42% | -0.06% | -0.22% | -0.16% | |||||
| Return on Assets [ROA]ROA | -2.41% | -3.02% | -3.32% | -1.12% | -1.49% | -2.60% | -4.44% | -4.13% | -4.22% | -2.79% | -0.58% | 0.63% | 47.69% | 35.22% | 18.94% | 13.06% | -1.34% | -1.65% |