Clearwater Analytics Holdings (CWAN) Financial Ratios: P/E, ROE & More

Clearwater Analytics Holdings (CWAN) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Clearwater Analytics Holdings had return on equity of -2.6% (down from 59.4%), debt-to-equity of 0.42 (up from 0.07), a current ratio of 1.83 (down from 4.99) and return on assets of 0.00% (down from 0.9%). A current ratio of 1.83 means current assets exceed current liabilities.

Clearwater Analytics Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	-	14.82	-	-	-	-
Forward P/E	37.18	55.00	53.54	68.93	100.39	-
P/S Ratio	9.52	13.92	11.27	11.70	16.18	-
P/B Ratio	3.43	6.11	10.13	10.49	15.57	-
Price/Tangible Book	108.61	6.94	14.66	18.09	20.71	-
Price/FCF	42.36	91.09	52.52	70.64	-	-
Price/OCF	39.58	84.65	49.03	61.19	1214.35	-
PEG Ratio	1.86	2.44	2.38	3.06	4.46	-
Enterprise Value Ratios
EV/Revenue	10.67	13.52	10.87	11.19	15.66	-
EV/EBITDA	90.12	250.22	-	283.83	123.53	-
EV/EBIT	7692.82	499.35	-	497.45	136.30	-
EV/FCF	47.47	88.46	50.67	67.60	-	-
Profitability & Returns
Return on Equity (ROE)	-2.63%	59.39%	-6.17%	-2.23%	-	-
Return on Assets (ROA)	0.03%	0.89%	-2.01%	1.03%	7.87%	-14.22%
Return on Invested Capital (ROIC)	0.06%	2.37%	-9.71%	6.19%	72.06%	-90.54%
Return on Capital Employed (ROCE)	0.00%	1.10%	-3.50%	1.60%	9.20%	-26.40%
Leverage & Solvency Ratios
Debt/Equity	0.42	0.07	0.18	0.23	0.21	-1.23
Debt/EBITDA	8.40	2.14	91.93	4.17	1.69	-
Debt/FCF	5.24	1.04	0.91	1.52	-	-
Liquidity Ratios
Current Ratio	1.83	4.99	5.15	5.40	10.30	2.66
Quick Ratio	1.63	4.75	4.92	5.07	9.77	2.46
Efficiency Ratios
Asset Turnover	0.35	0.52	0.71	0.73	1.10	2.26
Yield & Distribution Ratios
Earnings Yield	-0.56%	6.75%	-0.52%	-0.22%	-0.20%	-
FCF Yield	2.36%	1.10%	1.90%	1.42%	-0.04%	-
Buyback Yield	-6.67%	-27.38%	-7.61%	-4.43%	77.91%	-

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Clearwater Analytics Holdings Financial Ratios

What is Clearwater Analytics Holdings's return on equity?

Clearwater Analytics Holdings's return on equity (ROE) was -2.6% for fiscal 2025 (period ended Dec 31, 2025). It was 59.4% a year earlier.

What is Clearwater Analytics Holdings's debt-to-equity ratio?

Clearwater Analytics Holdings's debt-to-equity ratio was 0.42 for fiscal 2025 (period ended Dec 31, 2025). It was 0.07 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition