CWEN (Clearway Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

CWEN (Clearway Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

CWENClearway Energy, Inc.

Mkt Cap$8B

Utilities·Renewable Utilities·🇺🇸 United States·NYSE

Revenue (TTM)$1.4B

Net Income (TTM)$169M

EPS (TTM)$1.44

Free Cash Flow (TTM)$369M

Gross Margin50.3%

Op. Margin12.0%

Net Margin11.8%

FCF Margin25.8%

P/S Ratio (TTM)5.4x

P/E Ratio (TTM)45.6x

YoY Rev Growth+4.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$288M	$180M	$42M
Q2 23	$406M	$288M	$149M
Q3 23	$371M	$237M	$94M
Q4 23	$249M	$136M	-$22M
Q1 24	$263M	$137M	-$29M
Q2 24	$366M	$249M	$84M
Q3 24	$486M	$351M	$178M
Q4 24	$256M	$133M	-$37M
Q1 25	$298M	$176M	$3M
Q2 25	$392M	$261M	$85M
Q3 25	$429M	$301M	$112M
Q4 25	$310M	-$19M	-$29M

Valuation

Quarter	P/S	P/E
Q1 23	6.1x	12.5x
Q2 23	5.9x	93.9x
Q3 23	5.8x	142.6x
Q4 23	5.9x	97.5x
Q1 24	6.0x	100.0x
Q2 24	6.2x	85.5x
Q3 24	5.6x	63.1x
Q4 24	5.6x	87.5x
Q1 25	5.5x	81.9x
Q2 25	5.4x	101.3x
Q3 25	5.6x	27.9x
Q4 25	5.4x	45.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$75M	-$13M
Q2 23	$134M	$113M
Q3 23	$287M	$253M
Q4 23	$206M	$55M
Q1 24	$81M	-$17M
Q2 24	$196M	$92M
Q3 24	$301M	$266M
Q4 24	$192M	$142M
Q1 25	$95M	$39M
Q2 25	$191M	$115M
Q3 25	$225M	$144M
Q4 25	$177M	$71M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$88M
Q2 23	$21M
Q3 23	$34M
Q4 23	$151M
Q1 24	$98M
Q2 24	$104M
Q3 24	$35M
Q4 24	$50M
Q1 25	$56M
Q2 25	$76M
Q3 25	$81M
Q4 25	$106M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+34.6%	-7.9%
Q2 23	+10.3%	+124.8%
Q3 23	+9.1%	+17.9%
Q4 23	-7.1%	+5.9%
Q1 24	-8.7%	+18.7%
Q2 24	-9.9%	+9.7%
Q3 24	+31.0%	+11.2%
Q4 24	+2.8%	+8.1%
Q1 25	+13.3%	+1.0%
Q2 25	+7.1%	+8.9%
Q3 25	-11.7%	+2.9%
Q4 25	+21.1%	+15.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$10M
Q2 23	$9M
Q3 23	$9M
Q4 23	$8M
Q1 24	$11M
Q2 24	$9M
Q3 24	$9M
Q4 24	$10M
Q1 25	$10M
Q2 25	$11M
Q3 25	$10M
Q4 25	$10M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$576M	$0	$576M
Q2 23	$918M	$0	$918M
Q3 23	$1.2B	$0	$1.2B
Q4 23	$535M	$0	$535M
Q1 24	$478M	$0	$478M
Q2 24	$226M	$0	$226M
Q3 24	$292M	$0	$292M
Q4 24	$332M	$0	$332M
Q1 25	$297M	$0	$297M
Q2 25	$260M	$0	$260M
Q3 25	$251M	$0	$251M
Q4 25	$818M	$0	$818M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	117M	+0.0%
Q2 23	117M	+0.0%
Q3 23	117M	+0.0%
Q4 23	117M	+0.0%
Q1 24	117M	+0.0%
Q2 24	117M	+0.0%
Q3 24	118M	+0.9%
Q4 24	118M	+0.0%
Q1 25	118M	+0.0%
Q2 25	118M	+0.0%
Q3 25	118M	+0.0%
Q4 25	119M	+1.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	$4M	269
FY 19	$3M	307
FY 20	$4M	301
FY 21	$4M	304
FY 22	$21M	58
FY 23	$22M	61
FY 24	$23M	60
FY 25	$24M	60