Clear Secure, Inc. (YOU) intrinsic value & 10-year financials
Clear Secure, Inc. (YOU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 29.4% a year to $900.8M, with an average return on invested capital of 776.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $43.93
- Revenue (FY2025)
- $900.8M
- Revenue growth (8-yr CAGR)
- 29.4%
- ROIC (10-yr avg)
- 776.5%
- Free cash flow (FY2025)
- $343.1M
YOU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $900.8M | $109.2M | — | $343.1M | 20.7% | 62.2% |
| FY2024 | $770.5M | $169.7M | — | $283.7M | 16.0% | 45.3% |
| FY2023 | $613.6M | $28.1M | — | $199.5M | 3.3% | 5.8% |
| FY2022 | $437.4M | -$65.6M | — | $136.9M | -29.5% | -66.8% |
| FY2021 | $254.0M | -$36.1M | — | $41.6M | -45.3% | 4608.4% |
| FY2020 | $230.8M | -$9.3M | — | -$28.8M | -8.2% | 3.9% |
| FY2019 | $192.3M | -$54.2M | — | $1.9M | -29.2% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Clear Secure, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Clear Secure, Inc. has earned high returns on invested capital, averaging 16.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Clear Secure, 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, Clear Secure, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.