Clearwater Analytics Holdings, Inc. (CWAN) intrinsic value & 10-year financials
Clearwater Analytics Holdings, Inc. (CWAN) has a Graham intrinsic value of $55.80 per share. Over the last 7 fiscal years revenue grew 27.8% a year to $731.4M, with an average return on invested capital of 8.4%.
- Graham intrinsic value
- $55.80
- Revenue (FY2025)
- $731.4M
- Revenue growth (7-yr CAGR)
- 27.8%
- ROIC (10-yr avg)
- 8.4%
- Free cash flow (FY2025)
- $164.3M
CWAN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $731.4M | -$38.8M | -$0.14 | $164.3M | -1.1% | -0.3% |
| FY2024 | $451.8M | $424.4M | $1.68 | $69.1M | 2.7% | 1.1% |
| FY2023 | $368.2M | -$21.6M | -$0.11 | $79.0M | -4.5% | -9.5% |
| FY2022 | $303.4M | -$8.0M | -$0.04 | $50.2M | 1.7% | 4.6% |
| FY2021 | $252.0M | -$8.2M | -$0.05 | -$1.7M | 11.3% | 46.2% |
| FY2020 | $203.2M | -$44.2M | — | -$10.3M | -10.0% | — |
| FY2019 | $168.0M | $7.7M | — | -$233.4M | 15.3% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Clearwater Analytics Holdings, Inc. is a consistent compounder, expanding top-line revenue at 27.8% annually over the past decade.
Clearwater Analytics Holdings, Inc. returns on capital have been average, hovering around 8.4% ROIC over the decade.
Clearwater Analytics Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Clearwater Analytics Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $55.80 per share.