CWAN (Clearwater Analytics Holdings) EBIT: $-4.4 Mil (TTM As of Mar. 2026)


CWAN Clearwater Analytics Holdings Inc CWAN
81 GF Score
Price $24.56
GF Value $31.88
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Clearwater Analytics Holdings EBIT?

Clearwater Analytics Holdings CWAN 81 EBIT is $-4.4 Mil as of Mar. 2026. GuruFocus rates CWAN with a GF Score™ of 81/100 and a GF Value™ of $31.88 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Clearwater Analytics Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $9.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-4.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clearwater Analytics Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 0.97%. Clearwater Analytics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clearwater Analytics Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.05%.

Clearwater Analytics Holdings  (NYSE:CWAN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Clearwater Analytics Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=35.96 * ( 1 - 22.44% )/( (2854.717 + 2908.253)/ 2 )
=27.890576/2881.485
=0.97 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3031.929 - 85.967 - ( 91.245 - max(0, 161.343 - 295.57+91.245))
=2854.717

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3026.855 - 37.095 - ( 81.507 - max(0, 130.472 - 294.244+81.507))
=2908.253

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Clearwater Analytics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36.164/( ( (60.907 + max(7.435, 0)) + (82.093 + max(40.744, 0)) )/ 2 )
=36.164/( ( 68.342 + 122.837 )/ 2 )
=36.164/95.5895
=37.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(113.249 + 0 + 32.391) - (85.967 + 21.86 + 30.378)
=7.435

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.056 + 0 + 38.95) - (37.095 + 28.027 + 43.14)
=40.744

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Clearwater Analytics Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-4.372/8087.926
=-0.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Clearwater Analytics Holdings EBIT Related Terms

Clearwater Analytics Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Clearwater Analytics Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Clearwater Analytics Holdings EBIT Chart

Clearwater Analytics Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 28.46 5.12 -18.14 -25.74 -4.01

Clearwater Analytics Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.41 -13.03 6.12 -6.49 9.04

CWAN vs CHYM, PCOR, TTAN: EBIT Comparison

For the Software - Application subindustry, Clearwater Analytics Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Clearwater Analytics Holdings EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Clearwater Analytics Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Clearwater Analytics Holdings's EV-to-EBIT falls into.


CWAN
81GF Score
Clearwater Analytics Holdings Inc CWAN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Clearwater Analytics Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-4.4 Mil mean?
Clearwater Analytics Holdings (CWAN) has a EBIT of $-4.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Clearwater Analytics Holdings.
Is Clearwater Analytics Holdings' EBIT too high?
Clearwater Analytics Holdings' current EBIT is $-4.4 Mil. Overall, Clearwater Analytics Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' EBIT compare to CHYM and PCOR?
Clearwater Analytics Holdings' EBIT of $-4.4 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Clearwater Analytics Holdings. Clearwater Analytics Holdings's current EBIT is $-4.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.88, compared to a current price of $24.56 — trading 23% below its estimated fair value. The current EBIT is $-4.4 Mil. Clearwater Analytics Holdings' overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Clearwater Analytics Holdings (CWAN), the current EBIT is $-4.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Clearwater Analytics Holdings (CWAN) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued. The current stock price of $24.56 is trading 23% below its estimated GF Value™ of $31.88. GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.

Key valuation signals for CWAN:

  • EBIT: $-4.4 Mil
  • GF Value™: $31.88 vs. price of $24.56 (23% below fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Clearwater Analytics Holdings Business Description

Address 777 W. Main Street, Suite 900, Boise, ID, USA, 83702
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
81GF Score

Get the complete analysis for CWAN

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.56
Price
$31.88
GF Value