CLEARWATER ANALYTICS HDS-A (CWAN) Fundamental Analysis & Valuation

NYSE:CWAN • US1851231068

23.56 USD
+0.06 (+0.26%)
Last: Mar 4, 2026, 10:25 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CWAN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, CWAN scores 4 out of 10 in our fundamental rating. CWAN was compared to 276 industry peers in the Software industry. While CWAN seems to be doing ok healthwise, there are quite some concerns on its profitability. CWAN shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

2

1. CWAN Profitability Analysis

1.1 Basic Checks

  • In the past year CWAN was profitable.
  • In the past year CWAN had a positive cash flow from operations.
  • In the past 5 years CWAN reported 4 times negative net income.
  • CWAN had a positive operating cash flow in each 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 2025 0 200M -200M 400M

1.2 Ratios

  • CWAN has a Return On Assets (-1.29%) which is comparable to the rest of the industry.
  • CWAN has a Return On Equity of -1.93%. This is comparable to the rest of the industry: CWAN outperforms 56.88% of its industry peers.
Industry RankSector Rank
ROA -1.29%
ROE -1.93%
ROIC N/A
ROA(3y)10.38%
ROA(5y)5.42%
ROE(3y)11.36%
ROE(5y)5.39%
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 2025 0 20 -20 40 60

1.3 Margins

  • CWAN has a Gross Margin (67.29%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of CWAN has declined.
  • CWAN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 67.29%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.8%
GM growth 5Y-1.83%
CWAN Yearly Profit, Operating, Gross MarginsCWAN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. CWAN Health Analysis

2.1 Basic Checks

  • CWAN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • 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 is higher compared to a year ago.
CWAN Yearly Shares OutstandingCWAN Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
CWAN Yearly Total Debt VS Total AssetsCWAN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • CWAN has an Altman-Z score of 4.50. This indicates that CWAN is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.50, CWAN is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • CWAN has a debt to FCF ratio of 5.34. This is a neutral value as CWAN would need 5.34 years to pay back of all of its debts.
  • CWAN has a Debt to FCF ratio of 5.34. This is comparable to the rest of the industry: CWAN outperforms 55.80% of its industry peers.
  • CWAN has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
  • CWAN has a worse Debt to Equity ratio (0.40) than 63.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 5.34
Altman-Z 4.5
ROIC/WACCN/A
WACC10.89%
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 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • CWAN has a Current Ratio of 1.83. This is a normal value and indicates that CWAN is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.83, CWAN is in line with its industry, outperforming 53.99% of the companies in the same industry.
  • CWAN has a Quick Ratio of 1.83. This is a normal value and indicates that CWAN is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of CWAN (1.83) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.83
Quick Ratio 1.83
CWAN Yearly Current Assets VS Current LiabilitesCWAN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. CWAN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 20.00% over the past year.
  • CWAN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.91% yearly.
  • The Revenue has grown by 61.88% in the past year. This is a very strong growth!
  • Measured over the past years, CWAN shows a very strong growth in Revenue. The Revenue has been growing by 29.19% on average per year.
EPS 1Y (TTM)20%
EPS 3Y32.91%
EPS 5YN/A
EPS Q2Q%15.38%
Revenue 1Y (TTM)61.88%
Revenue growth 3Y34.08%
Revenue growth 5Y29.19%
Sales Q2Q%71.95%

3.2 Future

  • Based on estimates for the next years, CWAN will show a very strong growth in Earnings Per Share. The EPS will grow by 28.43% on average per year.
  • CWAN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.78% yearly.
EPS Next Y31.28%
EPS Next 2Y29.98%
EPS Next 3Y33.51%
EPS Next 5Y28.43%
Revenue Next Year29.41%
Revenue Next 2Y23.63%
Revenue Next 3Y21.57%
Revenue Next 5Y18.78%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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

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Find the best growth stocksShow best growing peers

3

4. CWAN Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 43.63, CWAN can be considered very expensive at the moment.
  • CWAN's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of CWAN to the average of the S&P500 Index (26.83), we can say CWAN is valued expensively.
  • CWAN is valuated quite expensively with a Price/Forward Earnings ratio of 33.23.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CWAN is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. CWAN is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 43.63
Fwd PE 33.23
CWAN Price Earnings VS Forward Price EarningsCWAN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • CWAN's Enterprise Value to EBITDA ratio is in line with the industry average.
  • CWAN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 44.82
EV/EBITDA 97.88
CWAN Per share dataCWAN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CWAN's earnings are expected to grow with 33.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y29.98%
EPS Next 3Y33.51%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CWAN Dividend Analysis

5.1 Amount

  • CWAN does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CWAN Fundamentals: All Metrics, Ratios and Statistics

CLEARWATER ANALYTICS HDS-A

NYSE:CWAN (3/4/2026, 10:25:09 AM)

23.56

+0.06 (+0.26%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-18
Earnings (Next)04-29
Inst Owners99.01%
Inst Owner Change10.24%
Ins Owners0.84%
Ins Owner Change31.64%
Market Cap6.91B
Revenue(TTM)731.37M
Net Income(TTM)-39.12M
Analysts73.75
Price Target25.21 (7%)
Short Float %7.21%
Short Ratio1.35
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)-3.79%
Min EPS beat(2)-6.22%
Max EPS beat(2)-1.36%
EPS beat(4)1
Avg EPS beat(4)-1.75%
Min EPS beat(4)-6.22%
Max EPS beat(4)2.56%
EPS beat(8)4
Avg EPS beat(8)2.8%
EPS beat(12)8
Avg EPS beat(12)7.86%
EPS beat(16)11
Avg EPS beat(16)6.89%
Revenue beat(2)0
Avg Revenue beat(2)-1.43%
Min Revenue beat(2)-1.6%
Max Revenue beat(2)-1.26%
Revenue beat(4)1
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-1.6%
Max Revenue beat(4)2.43%
Revenue beat(8)4
Avg Revenue beat(8)0.2%
Revenue beat(12)6
Avg Revenue beat(12)0.08%
Revenue beat(16)8
Avg Revenue beat(16)-0.03%
PT rev (1m)-10.85%
PT rev (3m)-13.8%
EPS NQ rev (1m)1.91%
EPS NQ rev (3m)2.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.23%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 43.63
Fwd PE 33.23
P/S 9.44
P/FCF 44.82
P/OCF 39.26
P/B 3.42
P/tB 107.75
EV/EBITDA 97.88
EPS(TTM)0.54
EY2.29%
EPS(NY)0.71
Fwd EY3.01%
FCF(TTM)0.53
FCFY2.23%
OCF(TTM)0.6
OCFY2.55%
SpS2.49
BVpS6.9
TBVpS0.22
PEG (NY)1.39
PEG (5Y)N/A
Graham Number9.15
Profitability
Industry RankSector Rank
ROA -1.29%
ROE -1.93%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 67.29%
FCFM 21.07%
ROA(3y)10.38%
ROA(5y)5.42%
ROE(3y)11.36%
ROE(5y)5.39%
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 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.8%
GM growth 5Y-1.83%
F-Score3
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 5.34
Debt/EBITDA 10.46
Cap/Depr 25.48%
Cap/Sales 2.98%
Interest Coverage N/A
Cash Conversion 225.93%
Profit Quality N/A
Current Ratio 1.83
Quick Ratio 1.83
Altman-Z 4.5
F-Score3
WACC10.89%
ROIC/WACCN/A
Cap/Depr(3y)41.76%
Cap/Depr(5y)84.08%
Cap/Sales(3y)1.89%
Cap/Sales(5y)2.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20%
EPS 3Y32.91%
EPS 5YN/A
EPS Q2Q%15.38%
EPS Next Y31.28%
EPS Next 2Y29.98%
EPS Next 3Y33.51%
EPS Next 5Y28.43%
Revenue 1Y (TTM)61.88%
Revenue growth 3Y34.08%
Revenue growth 5Y29.19%
Sales Q2Q%71.95%
Revenue Next Year29.41%
Revenue Next 2Y23.63%
Revenue Next 3Y21.57%
Revenue Next 5Y18.78%
EBIT growth 1Y-162.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year35.58%
EBIT Next 3Y27.09%
EBIT Next 5Y24.92%
FCF growth 1Y123.14%
FCF growth 3Y45.29%
FCF growth 5YN/A
OCF growth 1Y136.67%
OCF growth 3Y44.74%
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 4 / 10 to CWAN.


What is the valuation status for CWAN stock?

ChartMill assigns a valuation rating of 3 / 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 2 / 10.


Can you provide the financial health for CWAN stock?

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