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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.
PROSPERITY BANCSHARES INC is the larger business by last-quarter revenue ($367.6M vs $217.5M, roughly 1.7× Clearwater Analytics Holdings, Inc.). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs -5.4%, a 37.0% gap on every dollar of revenue. Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs 19.2%).
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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
CWAN vs PB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $367.6M |
| Net Profit | $-11.8M | $116.3M |
| Gross Margin | 67.2% | — |
| Operating Margin | -3.1% | — |
| Net Margin | -5.4% | 31.6% |
| Revenue YoY | 72.0% | — |
| Net Profit YoY | -102.8% | -10.7% |
| EPS (diluted) | $-0.04 | $1.16 |
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.
| Q1 26 | — | $367.6M | ||
| Q4 25 | $217.5M | $275.0M | ||
| Q3 25 | $205.1M | $273.4M | ||
| Q2 25 | $181.9M | $267.7M | ||
| Q1 25 | $126.9M | $265.4M | ||
| Q4 24 | $126.5M | $267.8M | ||
| Q3 24 | $115.8M | $261.7M | ||
| Q2 24 | $106.8M | $258.8M |
| Q1 26 | — | $116.3M | ||
| Q4 25 | $-11.8M | $139.9M | ||
| Q3 25 | $-10.3M | $137.6M | ||
| Q2 25 | $-23.2M | $135.2M | ||
| Q1 25 | $6.5M | $130.2M | ||
| Q4 24 | $419.3M | $130.1M | ||
| Q3 24 | $3.6M | $127.3M | ||
| Q2 24 | $-430.0K | $111.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -3.1% | 65.1% | ||
| Q3 25 | 3.2% | 64.4% | ||
| Q2 25 | -8.0% | 64.3% | ||
| Q1 25 | 5.6% | 62.7% | ||
| Q4 24 | 1.0% | 62.0% | ||
| Q3 24 | 6.3% | 62.1% | ||
| Q2 24 | 3.6% | 55.2% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | -5.4% | 50.9% | ||
| Q3 25 | -5.0% | 50.3% | ||
| Q2 25 | -12.8% | 50.5% | ||
| Q1 25 | 5.1% | 49.1% | ||
| Q4 24 | 331.5% | 48.6% | ||
| Q3 24 | 3.1% | 48.6% | ||
| Q2 24 | -0.4% | 43.1% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.04 | $1.48 | ||
| Q3 25 | $-0.04 | $1.45 | ||
| Q2 25 | $-0.09 | $1.42 | ||
| Q1 25 | $0.03 | $1.37 | ||
| Q4 24 | $1.65 | $1.36 | ||
| Q3 24 | $0.02 | $1.34 | ||
| Q2 24 | $0.00 | $1.17 |
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 | $2.0B | $8.2B |
| Total Assets | $3.0B | $43.6B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $822.6M | — | ||
| Q3 25 | $838.9M | — | ||
| Q2 25 | $878.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $8.2B | ||
| Q4 25 | $2.0B | $7.6B | ||
| Q3 25 | $2.0B | $7.7B | ||
| Q2 25 | $2.0B | $7.6B | ||
| Q1 25 | $1.1B | $7.5B | ||
| Q4 24 | $1.0B | $7.4B | ||
| Q3 24 | $403.2M | $7.4B | ||
| Q2 24 | $380.6M | $7.3B |
| Q1 26 | — | $43.6B | ||
| Q4 25 | $3.0B | $38.5B | ||
| Q3 25 | $3.0B | $38.3B | ||
| Q2 25 | $3.0B | $38.4B | ||
| Q1 25 | $1.3B | $38.8B | ||
| Q4 24 | $1.2B | $39.6B | ||
| Q3 24 | $623.5M | $40.1B | ||
| Q2 24 | $585.1M | $39.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $55.3M | — |
| Free Cash FlowOCF − Capex | $52.3M | — |
| FCF MarginFCF / Revenue | 24.0% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $55.3M | $78.3M | ||
| Q3 25 | $49.0M | $194.8M | ||
| Q2 25 | $47.1M | $98.2M | ||
| Q1 25 | $24.5M | $178.2M | ||
| Q4 24 | $-29.2M | $-205.8M | ||
| Q3 24 | $49.6M | $274.6M | ||
| Q2 24 | $43.9M | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | $52.3M | $68.5M | ||
| Q3 25 | $44.9M | $185.7M | ||
| Q2 25 | $44.1M | $91.8M | ||
| Q1 25 | $23.0M | $171.1M | ||
| Q4 24 | $-30.0M | $-210.7M | ||
| Q3 24 | $48.1M | $270.2M | ||
| Q2 24 | $42.4M | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 24.9% | ||
| Q3 25 | 21.9% | 67.9% | ||
| Q2 25 | 24.2% | 34.3% | ||
| Q1 25 | 18.2% | 64.5% | ||
| Q4 24 | -23.7% | -78.7% | ||
| Q3 24 | 41.5% | 103.3% | ||
| Q2 24 | 39.7% | 81.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 3.6% | ||
| Q3 25 | 2.0% | 3.3% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 1.2% | 2.7% | ||
| Q4 24 | 0.6% | 1.8% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 1.4% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 3.76× | 1.37× | ||
| Q4 24 | -0.07× | -1.58× | ||
| Q3 24 | 13.66× | 2.16× | ||
| Q2 24 | — | 1.94× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWAN
Segment breakdown not available.
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
