Clear Secure Valuation Multiples

Clear Secure Overview

About Clear Secure

Clear Secure Inc is an identity company making experiences safer and easier digitally and physically. It is involved in creating a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports, helping to make the travel experience safe and easy. The Company's operations are mainly focused on growing and maintaining its secure identity network across multiple offerings in both aviation and non-aviation channels.

Founded

2021

HQ

Employees

3.3K

Website

clearme.com

Sectors

CybersecurityAirports & Aviation ServicesB2B SaaSHorizontal SaaS

Financials (LTM)

Revenue: $945M

EBITDA: $284M

EV

$5B

Valuation Multiples

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Clear Secure Financials

Clear Secure reported last 12-month revenue of $945M and EBITDA of $284M.

In the same LTM period, Clear Secure generated $810M in gross profit, $284M in EBITDA, and $124M in net income.

Clear Secure P&L

In the most recent fiscal year, Clear Secure reported revenue of $901M and EBITDA of $262M.

Clear Secure expects next 12-month revenue of XXX and NTM EBITDA of XXX

Clear Secure Stock Performance

Clear Secure has current market cap of $5B, and enterprise value of $5B.

Clear Secure's stock price is $53.03.

Clear Secure Valuation Multiples

Clear Secure trades at 5.0x EV/Revenue multiple, and 16.5x EV/EBITDA.

Clear Secure Financial Valuation Multiples

As of April 18, 2026, Clear Secure has market cap of $5B and EV of $5B.

Equity research analysts estimate Clear Secure's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Clear Secure has a P/E ratio of 42.3x.

Clear Secure Margins & Growth Rates

Clear Secure's revenue in the last 12 month grew by 16%.

Clear Secure's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Clear Secure's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Clear Secure's rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Clear Secure Public Comps

See public comps and valuation multiples for other Cybersecurity and Airports & Aviation Services comps.

Clear Secure M&A Activity

Clear Secure acquired XXX companies to date.

Last acquisition by Clear Secure was on XXXXXXXX, XXXXX. Clear Secure acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Clear Secure Investment Activity

Clear Secure invested in XXX companies to date.

Clear Secure made its latest investment on XXXXXXXX, XXXXX. Clear Secure invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).