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Side-by-side financial comparison of COASTAL FINANCIAL CORP (CCB) and Clearwater Analytics Holdings, Inc. (CWAN). Click either name above to swap in a different company.
Clearwater Analytics Holdings, Inc. is the larger business by last-quarter revenue ($217.5M vs $138.0M, roughly 1.6× COASTAL FINANCIAL CORP). On growth, Clearwater Analytics Holdings, Inc. posted the faster year-over-year revenue change (72.0% vs -5.8%). COASTAL FINANCIAL CORP produced more free cash flow last quarter ($246.1M vs $52.3M). Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs -3.6%).
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
Clearwater Analytics Holdings, Inc. is an American software-as-a-service (SaaS) fintech company that provides automated investment accounting, performance, compliance, and risk reporting worldwide. Clearwater is a publicly traded company headquartered in Boise, Idaho, with additional offices in London, Edinburgh, New York City and Noida.
CCB vs CWAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $138.0M | $217.5M |
| Net Profit | — | $-11.8M |
| Gross Margin | — | 67.2% |
| Operating Margin | 12.4% | -3.1% |
| Net Margin | — | -5.4% |
| Revenue YoY | -5.8% | 72.0% |
| Net Profit YoY | — | -102.8% |
| EPS (diluted) | $0.84 | $-0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $138.0M | $217.5M | ||
| Q3 25 | $144.7M | $205.1M | ||
| Q2 25 | $119.4M | $181.9M | ||
| Q1 25 | $139.5M | $126.9M | ||
| Q4 24 | $146.5M | $126.5M | ||
| Q3 24 | $151.1M | $115.8M | ||
| Q2 24 | $135.3M | $106.8M | ||
| Q1 24 | $148.4M | $102.7M |
| Q4 25 | — | $-11.8M | ||
| Q3 25 | $13.6M | $-10.3M | ||
| Q2 25 | $11.0M | $-23.2M | ||
| Q1 25 | $9.7M | $6.5M | ||
| Q4 24 | — | $419.3M | ||
| Q3 24 | $13.5M | $3.6M | ||
| Q2 24 | $11.6M | $-430.0K | ||
| Q1 24 | $6.8M | $1.9M |
| Q4 25 | — | 67.2% | ||
| Q3 25 | — | 65.6% | ||
| Q2 25 | — | 65.1% | ||
| Q1 25 | — | 73.3% | ||
| Q4 24 | — | 73.5% | ||
| Q3 24 | — | 72.9% | ||
| Q2 24 | — | 72.0% | ||
| Q1 24 | — | 72.6% |
| Q4 25 | 12.4% | -3.1% | ||
| Q3 25 | 12.4% | 3.2% | ||
| Q2 25 | 12.0% | -8.0% | ||
| Q1 25 | 8.4% | 5.6% | ||
| Q4 24 | 11.7% | 1.0% | ||
| Q3 24 | 10.8% | 6.3% | ||
| Q2 24 | 11.1% | 3.6% | ||
| Q1 24 | 5.9% | -0.2% |
| Q4 25 | — | -5.4% | ||
| Q3 25 | 9.4% | -5.0% | ||
| Q2 25 | 9.2% | -12.8% | ||
| Q1 25 | 7.0% | 5.1% | ||
| Q4 24 | — | 331.5% | ||
| Q3 24 | 8.9% | 3.1% | ||
| Q2 24 | 8.6% | -0.4% | ||
| Q1 24 | 4.6% | 1.8% |
| Q4 25 | $0.84 | $-0.04 | ||
| Q3 25 | $0.88 | $-0.04 | ||
| Q2 25 | $0.71 | $-0.09 | ||
| Q1 25 | $0.63 | $0.03 | ||
| Q4 24 | $0.95 | $1.65 | ||
| Q3 24 | $0.97 | $0.02 | ||
| Q2 24 | $0.84 | $0.00 | ||
| Q1 24 | $0.50 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $91.2M |
| Total DebtLower is stronger | — | $822.6M |
| Stockholders' EquityBook value | $491.0M | $2.0B |
| Total Assets | $4.7B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $91.2M | ||
| Q3 25 | — | $64.1M | ||
| Q2 25 | — | $71.9M | ||
| Q1 25 | — | $282.9M | ||
| Q4 24 | — | $255.5M | ||
| Q3 24 | — | $305.8M | ||
| Q2 24 | — | $257.9M | ||
| Q1 24 | — | $267.6M |
| Q4 25 | — | $822.6M | ||
| Q3 25 | — | $838.9M | ||
| Q2 25 | — | $878.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $43.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $491.0M | $2.0B | ||
| Q3 25 | $475.3M | $2.0B | ||
| Q2 25 | $461.7M | $2.0B | ||
| Q1 25 | $449.9M | $1.1B | ||
| Q4 24 | $438.7M | $1.0B | ||
| Q3 24 | $331.9M | $403.2M | ||
| Q2 24 | $316.7M | $380.6M | ||
| Q1 24 | $303.7M | $406.2M |
| Q4 25 | $4.7B | $3.0B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.5B | $3.0B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $4.1B | $623.5M | ||
| Q2 24 | $4.0B | $585.1M | ||
| Q1 24 | $3.9B | $547.8M |
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $254.6M | $55.3M |
| Free Cash FlowOCF − Capex | $246.1M | $52.3M |
| FCF MarginFCF / Revenue | 178.3% | 24.0% |
| Capex IntensityCapex / Revenue | 6.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $436.4M | $164.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $254.6M | $55.3M | ||
| Q3 25 | $59.0M | $49.0M | ||
| Q2 25 | $66.0M | $47.1M | ||
| Q1 25 | $71.7M | $24.5M | ||
| Q4 24 | $259.8M | $-29.2M | ||
| Q3 24 | $62.6M | $49.6M | ||
| Q2 24 | $72.1M | $43.9M | ||
| Q1 24 | $56.8M | $10.0M |
| Q4 25 | $246.1M | $52.3M | ||
| Q3 25 | $57.4M | $44.9M | ||
| Q2 25 | $64.0M | $44.1M | ||
| Q1 25 | $68.9M | $23.0M | ||
| Q4 24 | $249.9M | $-30.0M | ||
| Q3 24 | $60.2M | $48.1M | ||
| Q2 24 | $69.5M | $42.4M | ||
| Q1 24 | $55.0M | $8.6M |
| Q4 25 | 178.3% | 24.0% | ||
| Q3 25 | 39.7% | 21.9% | ||
| Q2 25 | 53.6% | 24.2% | ||
| Q1 25 | 49.4% | 18.2% | ||
| Q4 24 | 170.6% | -23.7% | ||
| Q3 24 | 39.8% | 41.5% | ||
| Q2 24 | 51.3% | 39.7% | ||
| Q1 24 | 37.1% | 8.4% |
| Q4 25 | 6.1% | 1.4% | ||
| Q3 25 | 1.2% | 2.0% | ||
| Q2 25 | 1.7% | 1.6% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 6.8% | 0.6% | ||
| Q3 24 | 1.6% | 1.3% | ||
| Q2 24 | 1.9% | 1.4% | ||
| Q1 24 | 1.2% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 4.34× | — | ||
| Q2 25 | 5.99× | — | ||
| Q1 25 | 7.37× | 3.76× | ||
| Q4 24 | — | -0.07× | ||
| Q3 24 | 4.65× | 13.66× | ||
| Q2 24 | 6.22× | — | ||
| Q1 24 | 8.35× | 5.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCB
| Other | $74.7M | 54% |
| Baa S Credit Enhancements | $47.3M | 34% |
| Baa S Program Income | $8.4M | 6% |
| Transaction Fees | $4.9M | 4% |
| Servicing And Other Baa S Fees | $1.6M | 1% |
| Baa S Fraud Enhancements | $1.1M | 1% |
CWAN
Segment breakdown not available.
