CLEARWATER ANALYTICS HDS-A (CWAN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:CWAN • US1851231068

24.08 USD
-0.01 (-0.04%)
At close: Feb 2, 2026
24.07 USD
-0.01 (-0.04%)
After Hours: 2/2/2026, 8:04:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CWAN. CWAN was compared to 278 industry peers in the Software industry. CWAN has an average financial health and profitability rating. CWAN is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • CWAN had positive earnings in the past year.
  • CWAN had a positive operating cash flow in the past year.
  • CWAN had negative earnings in 4 of the past 5 years.
  • CWAN had a positive operating cash flow in 4 of the past 5 years.
CWAN Yearly Net Income VS EBIT VS OCF VS FCFCWAN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

  • With an excellent Return On Assets value of 13.12%, CWAN belongs to the best of the industry, outperforming 91.01% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 19.79%, CWAN belongs to the top of the industry, outperforming 87.41% of the companies in the same industry.
  • The Return On Invested Capital of CWAN (0.01%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 13.12%
ROE 19.79%
ROIC 0.01%
ROA(3y)10.25%
ROA(5y)-1.97%
ROE(3y)11.01%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CWAN Yearly ROA, ROE, ROICCWAN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

1.3 Margins

  • Looking at the Profit Margin, with a value of 61.25%, CWAN belongs to the top of the industry, outperforming 94.24% of the companies in the same industry.
  • CWAN's Profit Margin has improved in the last couple of years.
  • CWAN has a Operating Margin (0.04%) which is comparable to the rest of the industry.
  • CWAN's Operating Margin has declined in the last couple of years.
  • CWAN has a Gross Margin (68.53%) which is comparable to the rest of the industry.
  • CWAN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 0.04%
PM (TTM) 61.25%
GM 68.53%
OM growth 3Y-37.9%
OM growth 5Y-35.42%
PM growth 3YN/A
PM growth 5Y82.95%
GM growth 3Y-0.14%
GM growth 5Y0.23%
CWAN Yearly Profit, Operating, Gross MarginsCWAN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

More info and screens

4

2. Health

2.1 Basic Checks

  • CWAN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for CWAN has been increased compared to 1 year ago.
  • Compared to 5 years ago, CWAN has more shares outstanding
  • The debt/assets ratio for CWAN has been reduced compared to a year ago.
CWAN Yearly Shares OutstandingCWAN Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CWAN Yearly Total Debt VS Total AssetsCWAN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 4.58 indicates that CWAN is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.58, CWAN is in the better half of the industry, outperforming 73.74% of the companies in the same industry.
  • The Debt to FCF ratio of CWAN is 10.26, which is on the high side as it means it would take CWAN, 10.26 years of fcf income to pay off all of its debts.
  • CWAN's Debt to FCF ratio of 10.26 is in line compared to the rest of the industry. CWAN outperforms 50.00% of its industry peers.
  • A Debt/Equity ratio of 0.42 indicates that CWAN is not too dependend on debt financing.
  • CWAN has a Debt to Equity ratio of 0.42. This is in the lower half of the industry: CWAN underperforms 62.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 10.26
Altman-Z 4.58
ROIC/WACC0
WACC11.13%
CWAN Yearly LT Debt VS Equity VS FCFCWAN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.97 indicates that CWAN should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.97, CWAN is in line with its industry, outperforming 57.91% of the companies in the same industry.
  • CWAN has a Quick Ratio of 1.97. This is a normal value and indicates that CWAN is financially healthy and should not expect problems in meeting its short term obligations.
  • CWAN's Quick ratio of 1.97 is in line compared to the rest of the industry. CWAN outperforms 58.63% of its industry peers.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.97
CWAN Yearly Current Assets VS Current LiabilitesCWAN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

More info and screens

10

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 23.81% over the past year.
  • CWAN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 110.89% yearly.
  • CWAN shows a strong growth in Revenue. In the last year, the Revenue has grown by 50.91%.
  • Measured over the past years, CWAN shows a very strong growth in Revenue. The Revenue has been growing by 21.88% on average per year.
EPS 1Y (TTM)23.81%
EPS 3YN/A
EPS 5Y110.89%
EPS Q2Q%16.67%
Revenue 1Y (TTM)50.91%
Revenue growth 3Y21.48%
Revenue growth 5Y21.88%
Sales Q2Q%77.08%

3.2 Future

  • CWAN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.07% yearly.
  • Based on estimates for the next years, CWAN will show a very strong growth in Revenue. The Revenue will grow by 27.52% on average per year.
EPS Next Y25.23%
EPS Next 2Y25.51%
EPS Next 3Y26.56%
EPS Next 5Y28.07%
Revenue Next Year63.93%
Revenue Next 2Y45.65%
Revenue Next 3Y35.86%
Revenue Next 5Y27.52%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CWAN Yearly Revenue VS EstimatesCWAN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 500M 1B 1.5B 2B 2.5B
CWAN Yearly EPS VS EstimatesCWAN Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 46.31, the valuation of CWAN can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of CWAN is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 28.41, CWAN is valued quite expensively.
  • The Price/Forward Earnings ratio is 33.97, which means the current valuation is very expensive for CWAN.
  • CWAN's Price/Forward Earnings ratio is in line with the industry average.
  • CWAN's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.64.
Industry RankSector Rank
PE 46.31
Fwd PE 33.97
CWAN Price Earnings VS Forward Price EarningsCWAN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CWAN is on the same level as its industry peers.
  • CWAN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 86.16
EV/EBITDA 130.8
CWAN Per share dataCWAN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as CWAN's earnings are expected to grow with 26.56% in the coming years.
PEG (NY)1.84
PEG (5Y)0.42
EPS Next 2Y25.51%
EPS Next 3Y26.56%

More info and screens

0

5. Dividend

5.1 Amount

  • No dividends for CWAN!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

CLEARWATER ANALYTICS HDS-A

NYSE:CWAN (2/2/2026, 8:04:00 PM)

After market: 24.07 -0.01 (-0.04%)

24.08

-0.01 (-0.04%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-05
Earnings (Next)02-17
Inst Owners99.01%
Inst Owner Change-0.95%
Ins Owners0.84%
Ins Owner Change14.87%
Market Cap7.05B
Revenue(TTM)640.38M
Net Income(TTM)392.23M
Analysts78.75
Price Target28.28 (17.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.09%
Min EPS beat(2)-6.22%
Max EPS beat(2)-1.96%
EPS beat(4)2
Avg EPS beat(4)1.93%
Min EPS beat(4)-6.22%
Max EPS beat(4)13.33%
EPS beat(8)5
Avg EPS beat(8)5.62%
EPS beat(12)9
Avg EPS beat(12)8.6%
EPS beat(16)12
Avg EPS beat(16)8.35%
Revenue beat(2)1
Avg Revenue beat(2)0.59%
Min Revenue beat(2)-1.26%
Max Revenue beat(2)2.43%
Revenue beat(4)2
Avg Revenue beat(4)0.92%
Min Revenue beat(4)-1.26%
Max Revenue beat(4)3.06%
Revenue beat(8)4
Avg Revenue beat(8)0.21%
Revenue beat(12)7
Avg Revenue beat(12)0.28%
Revenue beat(16)9
Avg Revenue beat(16)0.28%
PT rev (1m)-3.31%
PT rev (3m)-12.44%
EPS NQ rev (1m)1.24%
EPS NQ rev (3m)1.87%
EPS NY rev (1m)0.45%
EPS NY rev (3m)-0.21%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.08%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.15%
Valuation
Industry RankSector Rank
PE 46.31
Fwd PE 33.97
P/S 11
P/FCF 86.16
P/OCF 77.13
P/B 3.56
P/tB 21750.72
EV/EBITDA 130.8
EPS(TTM)0.52
EY2.16%
EPS(NY)0.71
Fwd EY2.94%
FCF(TTM)0.28
FCFY1.16%
OCF(TTM)0.31
OCFY1.3%
SpS2.19
BVpS6.77
TBVpS0
PEG (NY)1.84
PEG (5Y)0.42
Graham Number8.9
Profitability
Industry RankSector Rank
ROA 13.12%
ROE 19.79%
ROCE 0.01%
ROIC 0.01%
ROICexc 0.01%
ROICexgc 0.03%
OM 0.04%
PM (TTM) 61.25%
GM 68.53%
FCFM 12.77%
ROA(3y)10.25%
ROA(5y)-1.97%
ROE(3y)11.01%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-67.54%
ROICexgc growth 5Y-60.6%
ROICexc growth 3Y-68.91%
ROICexc growth 5Y-61.61%
OM growth 3Y-37.9%
OM growth 5Y-35.42%
PM growth 3YN/A
PM growth 5Y82.95%
GM growth 3Y-0.14%
GM growth 5Y0.23%
F-Score4
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 10.26
Debt/EBITDA 13.9
Cap/Depr 16.09%
Cap/Sales 1.49%
Interest Coverage 0.02
Cash Conversion 152.85%
Profit Quality 20.85%
Current Ratio 1.97
Quick Ratio 1.97
Altman-Z 4.58
F-Score4
WACC11.13%
ROIC/WACC0
Cap/Depr(3y)83.6%
Cap/Depr(5y)112.55%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.81%
EPS 3YN/A
EPS 5Y110.89%
EPS Q2Q%16.67%
EPS Next Y25.23%
EPS Next 2Y25.51%
EPS Next 3Y26.56%
EPS Next 5Y28.07%
Revenue 1Y (TTM)50.91%
Revenue growth 3Y21.48%
Revenue growth 5Y21.88%
Sales Q2Q%77.08%
Revenue Next Year63.93%
Revenue Next 2Y45.65%
Revenue Next 3Y35.86%
Revenue Next 5Y27.52%
EBIT growth 1Y-97.99%
EBIT growth 3Y-24.56%
EBIT growth 5Y-21.29%
EBIT Next Year80.92%
EBIT Next 3Y44.09%
EBIT Next 5Y35.59%
FCF growth 1Y12.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.14%
OCF growth 3Y180.71%
OCF growth 5YN/A

CLEARWATER ANALYTICS HDS-A / CWAN FAQ

What is the ChartMill fundamental rating of CLEARWATER ANALYTICS HDS-A (CWAN) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CWAN.


What is the valuation status for CWAN stock?

ChartMill assigns a valuation rating of 2 / 10 to CLEARWATER ANALYTICS HDS-A (CWAN). This can be considered as Overvalued.


What is the profitability of CWAN stock?

CLEARWATER ANALYTICS HDS-A (CWAN) has a profitability rating of 5 / 10.


Can you provide the financial health for CWAN stock?

The financial health rating of CLEARWATER ANALYTICS HDS-A (CWAN) is 4 / 10.