Clear Secure reported a gross margin of 99.66% and a net margin of 26.03% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 97.78% | 98.85% | 99.00% | 98.95% | 98.86% | 98.75% | 99.04% | 99.07% | 99.18% | 99.10% | 99.30% | 99.38% | 99.43% | 99.23% | 99.40% | 99.32% | 99.54% | 99.55% | 99.61% | 99.66% | |||||
| EBT Margin | -48.44% | -38.68% | -20.42% | -12.14% | -57.02% | -15.94% | -6.34% | 5.50% | 17.22% | 13.54% | 19.02% | 20.88% | 21.56% | -23.85% | 20.82% | 20.19% | 26.56% | 23.63% | 27.96% | 32.89% | |||||
| EBIT Margin | -48.25% | -39.10% | -20.14% | -12.77% | -56.68% | -24.96% | -11.38% | 0.14% | 12.02% | 9.18% | 13.23% | 16.25% | 17.68% | 16.52% | 17.70% | 19.39% | 22.96% | 22.39% | 24.51% | 29.86% | |||||
| EBITDA Margin | -42.35% | -35.16% | -16.28% | -9.29% | -53.47% | -21.27% | -8.09% | 2.93% | 14.77% | 12.27% | 16.12% | 19.22% | 20.51% | 19.14% | 20.27% | 21.99% | 25.74% | 25.05% | 27.16% | 32.22% | |||||
| Operating Margin | -48.25% | -39.10% | -20.14% | -12.77% | -56.68% | -24.96% | -11.38% | 0.14% | 12.02% | 9.18% | 13.23% | 16.25% | 17.68% | 16.52% | 17.70% | 19.39% | 22.96% | 22.39% | 24.51% | 29.86% | |||||
| Net Margin | -48.53% | -38.63% | -20.76% | -12.00% | -56.56% | -14.63% | -6.25% | 5.36% | 16.75% | 13.61% | 17.92% | 20.67% | 19.16% | 56.51% | 18.25% | 17.26% | 19.70% | 19.33% | 22.29% | 26.03% | |||||
| FCF Margin | 41.54% | 31.77% | 21.43% | 40.15% | 4.59% | 55.35% | 38.79% | 44.45% | -5.55% | 52.88% | 43.33% | 58.98% | -19.11% | 64.90% | 43.18% | 53.73% | -23.33% | 77.84% | 73.31% | 68.04% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 538.51M | 792.99M | 833.40M | 873.97M | 894.33M | 966.15M | 1,065.56M | 1,089.74M | 1,073.93M | 1,053.48M | 1,031.03M | 999.71M | 920.48M | 1,026.75M | 1,153.13M | 1,145.68M | 1,152.89M | 1,214.57M | 1,362.79M | 1,500.26M | |||||
| Asset Utilization RatioAsset Util. | 0.42 | 0.32 | 0.35 | 0.39 | 0.44 | 0.45 | 0.45 | 0.48 | 0.53 | 0.58 | 0.64 | 0.70 | 0.80 | 0.75 | 0.70 | 0.73 | 0.75 | 0.74 | 0.69 | 0.67 | |||||
| Dividends & Payouts | |||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -298.06 | 7.55 | 0.00M | -1.15 | 4.25 | 0.64 | 3.78 | 4.13 | 4.05 | 9.57 | 3.29 | 3.21 | 3.73 | 3.81 | 3.74 | 4.78 | |||||||||
| FCF Payout RatioFCF Cover | 0.00 | -0.16 | -0.01 | 0.23 | -0.71 | 0.40 | 0.11 | 0.08 | -0.25 | 0.09 | 0.13 | 0.10 | -0.23 | 0.07 | 0.08 | 0.08 | |||||||||
| Dividend YieldDiv. Yield | 0.00% | -0.13% | 0.00% | 0.39% | 0.22% | 1.17% | 0.27% | 0.35% | 0.20% | 0.33% | 0.34% | 0.32% | 0.27% | 0.26% | 0.23% | 0.20% | |||||||||
| Payout Ratio | 0.00 | 0.13 | 0.00 | -0.87 | 0.24 | 1.56 | 0.26 | 0.24 | 0.25 | 0.10 | 0.30 | 0.31 | 0.27 | 0.26 | 0.27 | 0.21 | |||||||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | -183.76 | -103.80 | -214.38 | -244.61 | -52.41 | -223.35 | -484.49 | 437.71 | 107.26 | 133.79 | 97.10 | 69.43 | 121.32 | 31.46 | 89.79 | 96.29 | 98.61 | 100.40 | 114.66 | 103.83 | |||||
| Price to SalesP/S | 89.18 | 40.10 | 44.50 | 29.34 | 29.64 | 32.67 | 30.28 | 23.46 | 17.97 | 18.21 | 17.40 | 14.35 | 23.25 | 17.78 | 16.39 | 16.62 | 19.42 | 19.41 | 25.55 | 27.03 | |||||
| Price to BookP/B | 10.86 | 6.00 | 7.57 | 5.67 | 6.48 | 8.20 | 8.04 | 7.61 | 6.29 | 8.43 | 11.57 | 11.74 | 25.48 | 15.41 | 27.50 | 28.79 | 26.82 | 22.86 | 30.26 | 30.88 | |||||
| Enterprise Value | 5,620.38M | 2,880.72M | 3,648.36M | 2,582.06M | 3,003.45M | 3,705.20M | 3,461.94M | 2,946.41M | 2,327.32M | 2,525.29M | 3,154.54M | 2,714.01M | 4,120.60M | 3,097.26M | 2,943.76M | 3,046.73M | 3,938.36M | 3,999.64M | 5,693.19M | 6,585.57M | |||||
| EV to EBIT | -172.43 | -91.34 | -200.12 | -196.77 | -45.71 | -115.75 | -229.91 | 0.01M | 120.72 | 160.85 | 133.16 | 89.46 | 117.44 | 90.89 | 78.70 | 71.59 | 74.86 | 74.20 | 91.82 | 79.39 | |||||
| EV to EBITDA | -196.46 | -101.57 | -247.48 | -270.54 | -48.45 | -135.83 | -323.15 | 671.47 | 98.22 | 120.35 | 109.32 | 75.61 | 101.23 | 78.45 | 68.72 | 63.12 | 66.75 | 66.33 | 82.85 | 73.58 | |||||
| Market Capitalization | 6,024.93M | 3,234.20M | 4,029.07M | 3,014.35M | 3,436.18M | 4,190.09M | 4,008.21M | 3,516.55M | 2,881.42M | 3,112.49M | 3,115.89M | 2,679.51M | 4,613.23M | 3,667.17M | 3,464.35M | 3,647.11M | 4,451.57M | 4,673.17M | 6,464.98M | 7,507.91M | |||||
| Price to FCFP/FCF | 214.71 | 126.22 | 207.69 | 73.09 | 646.38 | 59.02 | 78.06 | 52.78 | -323.94 | 34.43 | 40.17 | 24.33 | -121.69 | 27.40 | 37.96 | 30.93 | -83.25 | 24.94 | 34.85 | 39.73 | |||||
| EV to FCF | 200.29 | 112.42 | 188.07 | 62.61 | 564.98 | 52.19 | 67.42 | 44.22 | -261.64 | 27.93 | 40.67 | 24.64 | -108.69 | 23.14 | 32.26 | 25.84 | -73.66 | 21.34 | 30.69 | 34.85 | |||||
| EV to CFO | 161.07 | 90.79 | 146.33 | 50.71 | 227.97 | 46.74 | 56.98 | 39.28 | -478.87 | 26.83 | 39.26 | 23.69 | -114.88 | 22.67 | 29.93 | 24.77 | -83.27 | 20.16 | 29.91 | 32.74 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -48.25% | -39.10% | -20.14% | -12.77% | -56.68% | -24.96% | -11.38% | 0.14% | 12.02% | 9.18% | 13.23% | 16.25% | 17.68% | 16.52% | 17.70% | 19.39% | 22.96% | 22.39% | 24.51% | 29.86% | |||||
| Return on Capital Employed [ROCE]ROCE | -25.78% | -21.75% | -22.12% | -17.62% | -23.22% | -22.70% | -20.95% | -18.98% | -4.63% | 4.02% | 14.49% | 24.29% | 28.89% | 32.11% | 29.46% | 37.65% | 32.04% | 41.01% | 41.98% | 48.70% | |||||
| Return on Assets [ROA]ROA | -14.03% | -14.52% | -14.50% | -10.88% | -14.29% | -11.95% | -9.85% | -7.76% | 0.73% | 4.74% | 8.75% | 12.08% | 14.34% | 21.94% | 20.10% | 20.17% | 20.66% | 13.84% | 13.64% | 14.69% |