Clearwater Analytics Holdings Ratios (2020-2025) | CWAN

Ratios Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 76.90%74.35%74.83%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%
EBT Margin 21.74%-131.91%6.07%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%
EBIT Margin 30.93%-112.31%21.06%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%
EBITDA Margin 30.93%-112.31%21.06%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%
Operating Margin 30.93%-112.31%21.06%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%
Net Margin 21.55%-132.99%6.00%-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%
FCF Margin -60.60%-34.59%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%
Efficiency
Assets Average 335.48M362.98M391.13M410.19M450.83M486.67M501.53M523.59M547.12M553.27M566.48M604.30M896.51M1,227.45M2,153.27M3,005.87M
Equity Average 441.14M741.92M1,086.42M1,565.29M1,994.76M
Invested Capital -344.61M409.66M428.67M453.62M1,030.23M1,142.61M1,987.97M2,001.55M
Asset Utilization Ratio 0.750.730.710.710.670.650.670.670.670.700.710.700.500.390.260.21
Leverage & Solvency
Interest Coverage Ratio 3.43-8.281.421.010.871.552.982.80
Debt to Equity -1.220.110.110.100.040.040.440.42
Debt Ratio 3.650.160.150.130.120.120.100.100.090.090.080.080.080.070.040.030.290.28
Equity Ratio -2.980.730.730.730.880.890.660.67
Times Interest Earned 3.43-8.281.421.010.871.552.982.80
Valuation
Enterprise Value -61.09M5,124.54M5,233.19M4,774.36M2,640.53M3,765.51M4,282.17M3,672.53M3,639.34M4,459.31M4,643.60M4,106.69M4,340.82M5,964.22M6,564.60M6,471.20M6,160.88M5,225.71M
Market Capitalization 5,309.52M5,422.79M4,975.95M2,859.10M3,993.12M4,468.91M3,848.16M3,830.17M4,678.74M4,884.49M4,328.72M4,550.67M6,219.67M6,798.11M6,727.27M6,212.41M5,269.86M
Return Ratios
Return on Sales -0.26%-0.34%-0.03%-0.04%-0.05%-0.02%-0.02%-0.04%-0.07%-0.06%-0.06%-0.04%-0.01%0.01%0.95%0.91%0.74%0.61%
Return on Capital Employed 0.09%0.05%0.03%0.01%0.01%-0.01%-0.02%-0.03%-0.04%-0.02%0.00%0.03%0.01%0.02%0.00%0.00%
Return on Assets -0.02%-0.03%-0.03%-0.01%-0.01%-0.03%-0.04%-0.04%-0.04%-0.03%-0.01%0.01%0.48%0.35%0.19%0.13%
Return on Equity 0.01%0.58%0.40%0.26%0.20%