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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and TOMPKINS FINANCIAL CORP (TMP). 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 $194.8M, roughly 1.1× TOMPKINS FINANCIAL CORP). TOMPKINS FINANCIAL CORP runs the higher net margin — 49.4% vs -5.4%, a 54.8% gap on every dollar of revenue. On growth, TOMPKINS FINANCIAL CORP posted the faster year-over-year revenue change (152.7% vs 72.0%). Clearwater Analytics Holdings, Inc. produced more free cash flow last quarter ($52.3M vs $31.9M). Over the past eight quarters, TOMPKINS FINANCIAL CORP's revenue compounded faster (63.6% CAGR vs 45.5%).
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.
Tompkins Financial Corporation is a small, diversified financial services company based in Ithaca, New York. It is the parent of the Tompkins Trust Company, as well as several other banks, an insurance agency, and a wealth management division.
CWAN vs TMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $194.8M |
| Net Profit | $-11.8M | $96.2M |
| Gross Margin | 67.2% | — |
| Operating Margin | -3.1% | 71.7% |
| Net Margin | -5.4% | 49.4% |
| Revenue YoY | 72.0% | 152.7% |
| Net Profit YoY | -102.8% | 388.9% |
| EPS (diluted) | $-0.04 | $6.72 |
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 | $194.8M | ||
| Q3 25 | $205.1M | $87.4M | ||
| Q2 25 | $181.9M | $82.6M | ||
| Q1 25 | $126.9M | $81.7M | ||
| Q4 24 | $126.5M | $77.1M | ||
| Q3 24 | $115.8M | $76.6M | ||
| Q2 24 | $106.8M | $72.7M | ||
| Q1 24 | $102.7M | $72.8M |
| Q4 25 | $-11.8M | $96.2M | ||
| Q3 25 | $-10.3M | $23.7M | ||
| Q2 25 | $-23.2M | $21.5M | ||
| Q1 25 | $6.5M | $19.7M | ||
| Q4 24 | $419.3M | $19.7M | ||
| Q3 24 | $3.6M | $18.6M | ||
| Q2 24 | $-430.0K | $15.7M | ||
| Q1 24 | $1.9M | $16.9M |
| 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 | -3.1% | 71.7% | ||
| Q3 25 | 3.2% | 35.6% | ||
| Q2 25 | -8.0% | 34.2% | ||
| Q1 25 | 5.6% | 31.6% | ||
| Q4 24 | 1.0% | 33.4% | ||
| Q3 24 | 6.3% | 32.0% | ||
| Q2 24 | 3.6% | 28.3% | ||
| Q1 24 | -0.2% | 30.4% |
| Q4 25 | -5.4% | 49.4% | ||
| Q3 25 | -5.0% | 27.1% | ||
| Q2 25 | -12.8% | 26.0% | ||
| Q1 25 | 5.1% | 24.1% | ||
| Q4 24 | 331.5% | 25.5% | ||
| Q3 24 | 3.1% | 24.3% | ||
| Q2 24 | -0.4% | 21.6% | ||
| Q1 24 | 1.8% | 23.2% |
| Q4 25 | $-0.04 | $6.72 | ||
| Q3 25 | $-0.04 | $1.65 | ||
| Q2 25 | $-0.09 | $1.50 | ||
| Q1 25 | $0.03 | $1.37 | ||
| Q4 24 | $1.65 | $1.39 | ||
| Q3 24 | $0.02 | $1.30 | ||
| Q2 24 | $0.00 | $1.10 | ||
| Q1 24 | $0.01 | $1.18 |
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 | $132.8M |
| Total DebtLower is stronger | $822.6M | — |
| Stockholders' EquityBook value | $2.0B | $938.4M |
| Total Assets | $3.0B | $8.7B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $91.2M | $132.8M | ||
| Q3 25 | $64.1M | $193.5M | ||
| Q2 25 | $71.9M | $212.6M | ||
| Q1 25 | $282.9M | $193.1M | ||
| Q4 24 | $255.5M | $134.4M | ||
| Q3 24 | $305.8M | $132.3M | ||
| Q2 24 | $257.9M | $70.9M | ||
| Q1 24 | $267.6M | $57.1M |
| 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 | $938.4M | ||
| Q3 25 | $2.0B | $788.8M | ||
| Q2 25 | $2.0B | $761.8M | ||
| Q1 25 | $1.1B | $741.4M | ||
| Q4 24 | $1.0B | $713.4M | ||
| Q3 24 | $403.2M | $719.9M | ||
| Q2 24 | $380.6M | $674.6M | ||
| Q1 24 | $406.2M | $667.9M |
| Q4 25 | $3.0B | $8.7B | ||
| Q3 25 | $3.0B | $8.5B | ||
| Q2 25 | $3.0B | $8.4B | ||
| Q1 25 | $1.3B | $8.2B | ||
| Q4 24 | $1.2B | $8.1B | ||
| Q3 24 | $623.5M | $8.0B | ||
| Q2 24 | $585.1M | $7.9B | ||
| Q1 24 | $547.8M | $7.8B |
| 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 | $38.9M |
| Free Cash FlowOCF − Capex | $52.3M | $31.9M |
| FCF MarginFCF / Revenue | 24.0% | 16.4% |
| Capex IntensityCapex / Revenue | 1.4% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 0.40× |
| TTM Free Cash FlowTrailing 4 quarters | $164.3M | $105.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.3M | $38.9M | ||
| Q3 25 | $49.0M | $34.9M | ||
| Q2 25 | $47.1M | $18.9M | ||
| Q1 25 | $24.5M | $22.2M | ||
| Q4 24 | $-29.2M | $95.0M | ||
| Q3 24 | $49.6M | $21.2M | ||
| Q2 24 | $43.9M | $27.3M | ||
| Q1 24 | $10.0M | $23.2M |
| Q4 25 | $52.3M | $31.9M | ||
| Q3 25 | $44.9M | $33.9M | ||
| Q2 25 | $44.1M | $18.3M | ||
| Q1 25 | $23.0M | $20.9M | ||
| Q4 24 | $-30.0M | $88.8M | ||
| Q3 24 | $48.1M | $18.9M | ||
| Q2 24 | $42.4M | $26.3M | ||
| Q1 24 | $8.6M | $21.9M |
| Q4 25 | 24.0% | 16.4% | ||
| Q3 25 | 21.9% | 38.8% | ||
| Q2 25 | 24.2% | 22.1% | ||
| Q1 25 | 18.2% | 25.5% | ||
| Q4 24 | -23.7% | 115.1% | ||
| Q3 24 | 41.5% | 24.7% | ||
| Q2 24 | 39.7% | 36.2% | ||
| Q1 24 | 8.4% | 30.0% |
| Q4 25 | 1.4% | 3.6% | ||
| Q3 25 | 2.0% | 1.1% | ||
| Q2 25 | 1.6% | 0.8% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 0.6% | 8.1% | ||
| Q3 24 | 1.3% | 2.9% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 1.4% | 1.9% |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | 3.76× | 1.13× | ||
| Q4 24 | -0.07× | 4.82× | ||
| Q3 24 | 13.66× | 1.14× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | 5.29× | 1.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
