Clearwater Analytics Holdings, Inc.

Technology
Computer Software: Prepackaged Software
www.clearwateranalytics.com

Earnings Score
Moat Score
Safety Score

Market Cap -
PE -
Debt $2.75M
Cash $275.16M
EV -
FCF $83.50M

Earnings

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Sales & Net Margins

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Earnings	$428.99M
EBIT	$18.58M
ROE	38%
ROA	1%
FCF	$83.50M
Equity	$1.14B
Growth Stability	1
Debt/Equity	0
Debt/FCF	0.03
Net Margins	5%
Gross Margins	73%
Op. Margins	4%
Earnings CAGR	3%
Sales Growth YoY	24%
Sales Growth QoQ	0%
Sales CAGR	42%
FCF CAGR	5%
Equity CAGR	16%
Earnings Stability	-0.68
Earnings Growth YoY	243%
Earnings Growth QoQ	-98%
Earnings CAGR 5Y	3%
Sales CAGR 5Y	44%

FCF CAGR 5Y	6%
Equity CAGR 5Y	20%
Earnings CAGR 3Y	22%
Sales CAGR 3Y	22%
FCF CAGR 3Y	35%
Equity CAGR 3Y	61%
Revenue	$475.95M
Assets	$1.29B
Total Debt	$2.75M
Cash	$275.16M
Shares Outstanding	0
Earnings Score	6%
Moat Score	65%
Safety Score	98%
Final Score	57%
Working Capital	339.11M
Current Ratio	5.09
Gross Profit	$347.22M
Shares Growth 3y	4%
Equity Growth QoQ	11%
Equity Growth YoY	181%

Assets & ROA

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Stockholders Equity & ROE

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Clearwater Analytics Holdings Inc provides investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions for asset managers, insurance companies, and large corporations. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection.

SEC Filings

Direct access to Clearwater Analytics Holdings, Inc. (CWAN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Clearwater Analytics Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Clearwater Analytics Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability -68%

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Clearwater Analytics Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Clearwater Analytics Holdings, Inc..

Years

Calculation mode

= $1.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$83M	$88M	$92M	$97M	$102M	$107M	$113M	$119M	$125M	$131M	$138M	$1.4B
DCF		$80M	$76M	$73M	$70M	$67M	$64M	$61M	$58M	$56M	$53M	$532M
Value	$1.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	-22%	-3%	-3%	-6%	94%	5%
ROA	-	-	8%	1%	-3%	1%	1%
ROE	-	-	-3%	-2%	-6%	41%	38%

Bad Net Margins (5.13%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-34.23	1.08	0.65	0.7	0.03
Debt over Equity	-	-	0.22	0.16	0.13	0.05	0
Growth Stability	-	-	-	-	-	-	1

Good Debt/FCF ratio (0.03)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	21%	24%	20%	21%	23%	44%
Earnings YoY growth	-	-672%	-81%	-3%	190%	-2K%	3%
Equity YoY growth	-	-	-	29%	21%	151%	20%
FCF YoY growth	-	-96%	-84%	-3K%	57%	-13%	6%