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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($221.4M vs $217.5M, roughly 1.0× Clearwater Analytics Holdings, Inc.). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 0.2% vs -5.4%, a 5.6% gap on every dollar of revenue. On growth, Clearwater Analytics Holdings, Inc. posted the faster year-over-year revenue change (72.0% vs 6.7%). Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs 11.7%).
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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
CWAN vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $221.4M |
| Net Profit | $-11.8M | $433.0K |
| Gross Margin | 67.2% | — |
| Operating Margin | -3.1% | 0.2% |
| Net Margin | -5.4% | 0.2% |
| Revenue YoY | 72.0% | 6.7% |
| Net Profit YoY | -102.8% | -60.5% |
| EPS (diluted) | $-0.04 | $0.01 |
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 | — | $221.4M | ||
| Q4 25 | $217.5M | $220.8M | ||
| Q3 25 | $205.1M | $222.4M | ||
| Q2 25 | $181.9M | $204.3M | ||
| Q1 25 | $126.9M | $207.4M | ||
| Q4 24 | $126.5M | $201.4M | ||
| Q3 24 | $115.8M | $196.4M | ||
| Q2 24 | $106.8M | $177.5M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | $-11.8M | $12.8M | ||
| Q3 25 | $-10.3M | $18.8M | ||
| Q2 25 | $-23.2M | $10.7M | ||
| Q1 25 | $6.5M | $11.4M | ||
| Q4 24 | $419.3M | $22.2M | ||
| Q3 24 | $3.6M | $18.8M | ||
| Q2 24 | $-430.0K | $5.0M |
| 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 | — | 0.2% | ||
| Q4 25 | -3.1% | 7.1% | ||
| Q3 25 | 3.2% | 11.2% | ||
| Q2 25 | -8.0% | 6.9% | ||
| Q1 25 | 5.6% | 8.1% | ||
| Q4 24 | 1.0% | 13.6% | ||
| Q3 24 | 6.3% | 13.3% | ||
| Q2 24 | 3.6% | 4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | -5.4% | 5.8% | ||
| Q3 25 | -5.0% | 8.4% | ||
| Q2 25 | -12.8% | 5.2% | ||
| Q1 25 | 5.1% | 5.5% | ||
| Q4 24 | 331.5% | 11.0% | ||
| Q3 24 | 3.1% | 9.6% | ||
| Q2 24 | -0.4% | 2.8% |
| Q1 26 | — | $0.01 | ||
| Q4 25 | $-0.04 | $0.23 | ||
| Q3 25 | $-0.04 | $0.33 | ||
| Q2 25 | $-0.09 | $0.19 | ||
| Q1 25 | $0.03 | $0.21 | ||
| Q4 24 | $1.65 | $0.40 | ||
| Q3 24 | $0.02 | $0.35 | ||
| Q2 24 | $0.00 | $0.09 |
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 | $162.0M |
| Total DebtLower is stronger | $822.6M | $127.8M |
| Stockholders' EquityBook value | $2.0B | $339.9M |
| Total Assets | $3.0B | $852.2M |
| Debt / EquityLower = less leverage | 0.41× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $162.0M | ||
| Q4 25 | $91.2M | $162.8M | ||
| Q3 25 | $64.1M | $169.1M | ||
| Q2 25 | $71.9M | $70.7M | ||
| Q1 25 | $282.9M | $96.0M | ||
| Q4 24 | $255.5M | $172.0M | ||
| Q3 24 | $305.8M | $161.9M | ||
| Q2 24 | $257.9M | $115.5M |
| Q1 26 | — | $127.8M | ||
| Q4 25 | $822.6M | $101.4M | ||
| Q3 25 | $838.9M | $87.1M | ||
| Q2 25 | $878.1M | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | $43.3M | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M |
| Q1 26 | — | $339.9M | ||
| Q4 25 | $2.0B | $335.9M | ||
| Q3 25 | $2.0B | $328.1M | ||
| Q2 25 | $2.0B | $306.8M | ||
| Q1 25 | $1.1B | $293.9M | ||
| Q4 24 | $1.0B | $280.0M | ||
| Q3 24 | $403.2M | $260.2M | ||
| Q2 24 | $380.6M | $239.4M |
| Q1 26 | — | $852.2M | ||
| Q4 25 | $3.0B | $834.0M | ||
| Q3 25 | $3.0B | $826.1M | ||
| Q2 25 | $3.0B | $740.8M | ||
| Q1 25 | $1.3B | $720.4M | ||
| Q4 24 | $1.2B | $753.8M | ||
| Q3 24 | $623.5M | $744.6M | ||
| Q2 24 | $585.1M | $706.0M |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.41× | 0.30× | ||
| Q3 25 | 0.42× | 0.27× | ||
| Q2 25 | 0.45× | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.04× | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× |
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 | $7.1M |
| Free Cash FlowOCF − Capex | $52.3M | — |
| FCF MarginFCF / Revenue | 24.0% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | 16.33× |
| TTM Free Cash FlowTrailing 4 quarters | $164.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.1M | ||
| Q4 25 | $55.3M | $3.1M | ||
| Q3 25 | $49.0M | $57.1M | ||
| Q2 25 | $47.1M | $18.1M | ||
| Q1 25 | $24.5M | $-789.0K | ||
| Q4 24 | $-29.2M | $23.0M | ||
| Q3 24 | $49.6M | $67.5M | ||
| Q2 24 | $43.9M | $10.0M |
| Q1 26 | — | — | ||
| Q4 25 | $52.3M | $-19.2M | ||
| Q3 25 | $44.9M | $40.6M | ||
| Q2 25 | $44.1M | $6.8M | ||
| Q1 25 | $23.0M | $-11.7M | ||
| Q4 24 | $-30.0M | $19.6M | ||
| Q3 24 | $48.1M | $60.0M | ||
| Q2 24 | $42.4M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | -8.7% | ||
| Q3 25 | 21.9% | 18.3% | ||
| Q2 25 | 24.2% | 3.4% | ||
| Q1 25 | 18.2% | -5.7% | ||
| Q4 24 | -23.7% | 9.7% | ||
| Q3 24 | 41.5% | 30.6% | ||
| Q2 24 | 39.7% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 10.1% | ||
| Q3 25 | 2.0% | 7.4% | ||
| Q2 25 | 1.6% | 5.5% | ||
| Q1 25 | 1.2% | 5.3% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 1.3% | 3.8% | ||
| Q2 24 | 1.4% | 4.0% |
| Q1 26 | — | 16.33× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | 3.76× | -0.07× | ||
| Q4 24 | -0.07× | 1.04× | ||
| Q3 24 | 13.66× | 3.58× | ||
| Q2 24 | — | 2.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
