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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and STURM RUGER & CO INC (RGR). 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 $151.1M, roughly 1.4× STURM RUGER & CO INC). On growth, Clearwater Analytics Holdings, Inc. posted the faster year-over-year revenue change (72.0% vs 3.6%). Clearwater Analytics Holdings, Inc. produced more free cash flow last quarter ($52.3M vs $12.3M). Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs 5.1%).
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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
CWAN vs RGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $151.1M |
| Net Profit | $-11.8M | — |
| Gross Margin | 67.2% | 17.8% |
| Operating Margin | -3.1% | 2.3% |
| Net Margin | -5.4% | — |
| Revenue YoY | 72.0% | 3.6% |
| Net Profit YoY | -102.8% | — |
| EPS (diluted) | $-0.04 | $0.22 |
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 | $217.5M | $151.1M | ||
| Q3 25 | $205.1M | $126.8M | ||
| Q2 25 | $181.9M | $132.5M | ||
| Q1 25 | $126.9M | $135.7M | ||
| Q4 24 | $126.5M | $145.8M | ||
| Q3 24 | $115.8M | $122.3M | ||
| Q2 24 | $106.8M | $130.8M | ||
| Q1 24 | $102.7M | $136.8M |
| Q4 25 | $-11.8M | — | ||
| Q3 25 | $-10.3M | $1.6M | ||
| Q2 25 | $-23.2M | $-17.2M | ||
| Q1 25 | $6.5M | $7.8M | ||
| Q4 24 | $419.3M | — | ||
| Q3 24 | $3.6M | $4.7M | ||
| Q2 24 | $-430.0K | $8.3M | ||
| Q1 24 | $1.9M | $7.1M |
| Q4 25 | 67.2% | 17.8% | ||
| Q3 25 | 65.6% | 15.1% | ||
| Q2 25 | 65.1% | 3.9% | ||
| Q1 25 | 73.3% | 22.0% | ||
| Q4 24 | 73.5% | 22.8% | ||
| Q3 24 | 72.9% | 18.5% | ||
| Q2 24 | 72.0% | 22.3% | ||
| Q1 24 | 72.6% | 21.5% |
| Q4 25 | -3.1% | 2.3% | ||
| Q3 25 | 3.2% | -2.7% | ||
| Q2 25 | -8.0% | -15.6% | ||
| Q1 25 | 5.6% | 6.2% | ||
| Q4 24 | 1.0% | 7.8% | ||
| Q3 24 | 6.3% | 3.1% | ||
| Q2 24 | 3.6% | 6.9% | ||
| Q1 24 | -0.2% | 5.5% |
| Q4 25 | -5.4% | — | ||
| Q3 25 | -5.0% | 1.2% | ||
| Q2 25 | -12.8% | -13.0% | ||
| Q1 25 | 5.1% | 5.7% | ||
| Q4 24 | 331.5% | — | ||
| Q3 24 | 3.1% | 3.9% | ||
| Q2 24 | -0.4% | 6.3% | ||
| Q1 24 | 1.8% | 5.2% |
| Q4 25 | $-0.04 | $0.22 | ||
| Q3 25 | $-0.04 | $0.10 | ||
| Q2 25 | $-0.09 | $-1.05 | ||
| Q1 25 | $0.03 | $0.46 | ||
| Q4 24 | $1.65 | $0.62 | ||
| Q3 24 | $0.02 | $0.28 | ||
| Q2 24 | $0.00 | $0.47 | ||
| Q1 24 | $0.01 | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | $822.6M | — |
| Stockholders' EquityBook value | $2.0B | $283.8M |
| Total Assets | $3.0B | $342.0M |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $91.2M | $92.5M | ||
| Q3 25 | $64.1M | $80.8M | ||
| Q2 25 | $71.9M | $101.4M | ||
| Q1 25 | $282.9M | $108.3M | ||
| Q4 24 | $255.5M | $105.5M | ||
| Q3 24 | $305.8M | $96.0M | ||
| Q2 24 | $257.9M | $105.6M | ||
| Q1 24 | $267.6M | $115.3M |
| 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 | $2.0B | $283.8M | ||
| Q3 25 | $2.0B | $279.6M | ||
| Q2 25 | $2.0B | $289.3M | ||
| Q1 25 | $1.1B | $321.5M | ||
| Q4 24 | $1.0B | $319.6M | ||
| Q3 24 | $403.2M | $314.9M | ||
| Q2 24 | $380.6M | $321.5M | ||
| Q1 24 | $406.2M | $332.0M |
| Q4 25 | $3.0B | $342.0M | ||
| Q3 25 | $3.0B | $342.3M | ||
| Q2 25 | $3.0B | $349.5M | ||
| Q1 25 | $1.3B | $379.0M | ||
| Q4 24 | $1.2B | $384.0M | ||
| Q3 24 | $623.5M | $373.5M | ||
| Q2 24 | $585.1M | $376.7M | ||
| Q1 24 | $547.8M | $385.0M |
| 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 | $55.3M | $15.5M |
| Free Cash FlowOCF − Capex | $52.3M | $12.3M |
| FCF MarginFCF / Revenue | 24.0% | 8.2% |
| Capex IntensityCapex / Revenue | 1.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.3M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.3M | $15.5M | ||
| Q3 25 | $49.0M | $12.9M | ||
| Q2 25 | $47.1M | $14.7M | ||
| Q1 25 | $24.5M | $11.1M | ||
| Q4 24 | $-29.2M | $20.0M | ||
| Q3 24 | $49.6M | $9.4M | ||
| Q2 24 | $43.9M | $18.7M | ||
| Q1 24 | $10.0M | $7.3M |
| Q4 25 | $52.3M | $12.3M | ||
| Q3 25 | $44.9M | $7.0M | ||
| Q2 25 | $44.1M | $9.1M | ||
| Q1 25 | $23.0M | $10.0M | ||
| Q4 24 | $-30.0M | $16.4M | ||
| Q3 24 | $48.1M | $2.6M | ||
| Q2 24 | $42.4M | $10.1M | ||
| Q1 24 | $8.6M | $5.6M |
| Q4 25 | 24.0% | 8.2% | ||
| Q3 25 | 21.9% | 5.5% | ||
| Q2 25 | 24.2% | 6.9% | ||
| Q1 25 | 18.2% | 7.4% | ||
| Q4 24 | -23.7% | 11.2% | ||
| Q3 24 | 41.5% | 2.1% | ||
| Q2 24 | 39.7% | 7.7% | ||
| Q1 24 | 8.4% | 4.1% |
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 1.6% | 4.2% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 0.6% | 2.5% | ||
| Q3 24 | 1.3% | 5.5% | ||
| Q2 24 | 1.4% | 6.6% | ||
| Q1 24 | 1.4% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.76× | 1.43× | ||
| Q4 24 | -0.07× | — | ||
| Q3 24 | 13.66× | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | 5.29× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWAN
Segment breakdown not available.
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
