CWAN (Clearwater Analytics Holdings) FCF Margin %: 5.08% (As of Mar. 2026) — 67% Below Median


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 FCF Margin %?

Clearwater Analytics Holdings CWAN 81 FCF Margin % is 5.08% as of Mar. 2026, which is 67% below its 10-year median of 15.29. 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. Among 2,814 Software companies, Clearwater Analytics Holdings ranks better than 82.91% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Clearwater Analytics Holdings's Free Cash Flow for the three months ended in Mar. 2026 was $11.2 Mil. Clearwater Analytics Holdings's Revenue for the three months ended in Mar. 2026 was $221.2 Mil. Therefore, Clearwater Analytics Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was 5.08%.

As of today, Clearwater Analytics Holdings's current FCF Yield % is 1.95%.

The historical rank and industry rank for Clearwater Analytics Holdings's FCF Margin % or its related term are showing as below:

CWAN' s FCF Margin % Range Over the Past 10 Years
Min: -138.93   Med: 15.29   Max: 21.45
Current: 17.23


During the past 7 years, the highest FCF Margin % of Clearwater Analytics Holdings was 21.45%. The lowest was -138.93%. And the median was 15.29%.

CWAN's FCF Margin % is ranked better than
82.91% of 2814 companies
in the Software industry
Industry Median: 2.41 vs CWAN: 17.23


Clearwater Analytics Holdings FCF Margin % Related Terms


Clearwater Analytics Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for Clearwater Analytics Holdings's FCF Margin % 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 FCF Margin % Chart

Clearwater Analytics Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial -0.66 16.56 21.45 15.29 21.07

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
FCF Margin % 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 18.15 24.13 21.88 19.45 5.08

CWAN vs CHYM, PCOR, TTAN: FCF Margin % Comparison

For the Software - Application subindustry, Clearwater Analytics Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Software Industry

For the Software industry and Technology sector, Clearwater Analytics Holdings's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Clearwater Analytics Holdings's FCF Margin % falls into.


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

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Clearwater Analytics Holdings's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=154.103/731.368
=21.07 %

Clearwater Analytics Holdings's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=11.235/221.228
=5.08 %

* 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 FCF Margin % →
What does a FCF Margin % of 5.08% mean?
Clearwater Analytics Holdings (CWAN) has a FCF Margin % of 5.08% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Clearwater Analytics Holdings and its competitors. This is 67% below median its historical median of 15.29. According to the industry distribution chart, Clearwater Analytics Holdings ranks #481 out of 2814 companies in the Software industry, placing it in the top 17.1%.
Is Clearwater Analytics Holdings' FCF Margin % too high?
Clearwater Analytics Holdings' current FCF Margin % of 5.08% is 67% below median its 10-year median of 15.29. The Software industry median FCF Margin % is 2.41. Clearwater Analytics Holdings' value of 5.08% is 110.8% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #481 out of 2814 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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' FCF Margin % compare to CHYM and PCOR?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #481 out of 2814 companies for FCF Margin %. This places Clearwater Analytics Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 2.41. Clearwater Analytics Holdings' value of 5.08% is 110.8% above this benchmark. While the company's 10-year median is 15.29 vs. the industry median of 2.41, Clearwater Analytics Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,814 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Analytics Holdings's current FCF Margin % of 5.08% is 110.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Clearwater Analytics Holdings and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current FCF Margin % is 5.08%, which is 67% below median its own 10-year median of 15.29. 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 FCF Margin % is 5.08%, which is 67% below median its 10-year median of 15.29 and 110.8% above the Software industry median of 2.41. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Clearwater Analytics Holdings (CWAN), the current FCF Margin % is 5.08% 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:

  • FCF Margin %: 5.08% (67% below median its 10-year median of 15.29)
  • GF Value™: $31.88 vs. price of $24.56 (23% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 110.8% above the Software median (#481 of 2814)

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

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

$24.56
Price
$31.88
GF Value