Switch theme
Sign up to access all valuation multiples
Clearwater Analytics Holdings Inc provides a SaaS solution for automated investment data aggregation, reconciliation, accounting and reporting services to insurers, investment managers, corporations, institutional investors and government entities. It earns revenue from providing access to its SaaS platform to customers, services that support the implementation on the SaaS platform, selling perpetual and term-based software licenses and providing maintenance and support and professional services under contracts with customers. The majority of the revenue is earned in the United States.
2021
1.9K+
LTM Revenue $558M
LTM EBITDA $180M
$6.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Clearwater Analytics has a last 12-month revenue (LTM) of $558M and a last 12-month EBITDA of $180M.
In the most recent fiscal year, Clearwater Analytics achieved revenue of $452M and an EBITDA of $24.4M.
Clearwater Analytics expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Clearwater Analytics valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $558M | XXX | $452M | XXX | XXX | XXX |
| Gross Profit | $416M | XXX | $329M | XXX | XXX | XXX |
| Gross Margin | 74% | XXX | 73% | XXX | XXX | XXX |
| EBITDA | $180M | XXX | $24.4M | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 5% | XXX | XXX | XXX |
| EBIT | $164M | XXX | $12.2M | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $133M | XXX | $424M | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 94% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Clearwater Analytics's stock price is $23.
Clearwater Analytics has current market cap of $6.3B, and EV of $6.0B.
See Clearwater Analytics trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.0B | $6.3B | XXX | XXX | XXX | XXX | $0.49 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Clearwater Analytics has market cap of $6.3B and EV of $6.0B.
Clearwater Analytics's trades at 13.4x EV/Revenue multiple, and 247.4x EV/EBITDA.
Equity research analysts estimate Clearwater Analytics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Clearwater Analytics has a P/E ratio of 47.1x.
See valuation multiples for Clearwater Analytics and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6.3B | XXX | $6.3B | XXX | XXX | XXX |
| EV (current) | $6.0B | XXX | $6.0B | XXX | XXX | XXX |
| EV/Revenue | 10.8x | XXX | 13.4x | XXX | XXX | XXX |
| EV/EBITDA | 33.5x | XXX | 247.4x | XXX | XXX | XXX |
| EV/EBIT | 36.8x | XXX | 493.8x | XXX | XXX | XXX |
| EV/Gross Profit | 14.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 47.1x | XXX | 14.7x | XXX | XXX | XXX |
| EV/FCF | 54.8x | XXX | 87.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialClearwater Analytics's last 12 month revenue growth is 42%
Clearwater Analytics's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Clearwater Analytics's rule of 40 is 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Clearwater Analytics's rule of X is 137% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Clearwater Analytics and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 45% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 40% | XXX | 47% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 137% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 70% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cape Range | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| IODM | XXX | XXX | XXX | XXX | XXX | XXX |
| Reckon | XXX | XXX | XXX | XXX | XXX | XXX |
| Xero | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Clearwater Analytics acquired XXX companies to date.
Last acquisition by Clearwater Analytics was XXXXXXXX, XXXXX XXXXX XXXXXX . Clearwater Analytics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Clearwater Analytics founded? | Clearwater Analytics was founded in 2021. |
| Where is Clearwater Analytics headquartered? | Clearwater Analytics is headquartered in United States of America. |
| How many employees does Clearwater Analytics have? | As of today, Clearwater Analytics has 1.9K+ employees. |
| Who is the CEO of Clearwater Analytics? | Clearwater Analytics's CEO is Mr. Sandeep Sahai. |
| Is Clearwater Analytics publicy listed? | Yes, Clearwater Analytics is a public company listed on NYS. |
| What is the stock symbol of Clearwater Analytics? | Clearwater Analytics trades under CWAN ticker. |
| When did Clearwater Analytics go public? | Clearwater Analytics went public in 2021. |
| Who are competitors of Clearwater Analytics? | Similar companies to Clearwater Analytics include e.g. Cape Range, Credit Clear, IODM, Reckon. |
| What is the current market cap of Clearwater Analytics? | Clearwater Analytics's current market cap is $6.3B |
| What is the current revenue of Clearwater Analytics? | Clearwater Analytics's last 12 months revenue is $558M. |
| What is the current revenue growth of Clearwater Analytics? | Clearwater Analytics revenue growth (NTM/LTM) is 42%. |
| What is the current EV/Revenue multiple of Clearwater Analytics? | Current revenue multiple of Clearwater Analytics is 10.8x. |
| Is Clearwater Analytics profitable? | Yes, Clearwater Analytics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Clearwater Analytics? | Clearwater Analytics's last 12 months EBITDA is $180M. |
| What is Clearwater Analytics's EBITDA margin? | Clearwater Analytics's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Clearwater Analytics? | Current EBITDA multiple of Clearwater Analytics is 33.5x. |
| What is the current FCF of Clearwater Analytics? | Clearwater Analytics's last 12 months FCF is $110M. |
| What is Clearwater Analytics's FCF margin? | Clearwater Analytics's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Clearwater Analytics? | Current FCF multiple of Clearwater Analytics is 54.8x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
