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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $217.5M, roughly 1.2× Clearwater Analytics Holdings, Inc.). WESBANCO INC runs the higher net margin — 34.5% vs -5.4%, a 39.9% gap on every dollar of revenue. Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs 31.9%).
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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
CWAN vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $257.2M |
| Net Profit | $-11.8M | $88.6M |
| Gross Margin | 67.2% | — |
| Operating Margin | -3.1% | — |
| Net Margin | -5.4% | 34.5% |
| Revenue YoY | 72.0% | — |
| Net Profit YoY | -102.8% | 54.4% |
| EPS (diluted) | $-0.04 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $217.5M | $265.6M | ||
| Q3 25 | $205.1M | $261.6M | ||
| Q2 25 | $181.9M | $260.7M | ||
| Q1 25 | $126.9M | $193.2M | ||
| Q4 24 | $126.5M | $162.9M | ||
| Q3 24 | $115.8M | $150.8M | ||
| Q2 24 | $106.8M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $-11.8M | $91.1M | ||
| Q3 25 | $-10.3M | $83.6M | ||
| Q2 25 | $-23.2M | $57.4M | ||
| Q1 25 | $6.5M | $-9.0M | ||
| Q4 24 | $419.3M | $49.6M | ||
| Q3 24 | $3.6M | $37.3M | ||
| Q2 24 | $-430.0K | $28.9M |
| 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% | 43.2% | ||
| Q3 25 | 3.2% | 39.5% | ||
| Q2 25 | -8.0% | 27.2% | ||
| Q1 25 | 5.6% | -5.0% | ||
| Q4 24 | 1.0% | 38.0% | ||
| Q3 24 | 6.3% | 29.7% | ||
| Q2 24 | 3.6% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | -5.4% | 34.3% | ||
| Q3 25 | -5.0% | 31.9% | ||
| Q2 25 | -12.8% | 22.0% | ||
| Q1 25 | 5.1% | -4.7% | ||
| Q4 24 | 331.5% | 30.5% | ||
| Q3 24 | 3.1% | 24.7% | ||
| Q2 24 | -0.4% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-0.04 | $0.97 | ||
| Q3 25 | $-0.04 | $0.84 | ||
| Q2 25 | $-0.09 | $0.57 | ||
| Q1 25 | $0.03 | $-0.15 | ||
| Q4 24 | $1.65 | $0.72 | ||
| Q3 24 | $0.02 | $0.54 | ||
| Q2 24 | $0.00 | $0.44 |
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 | $4.1B |
| Total Assets | $3.0B | $27.5B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $91.2M | $956.1M | ||
| Q3 25 | $64.1M | $1.0B | ||
| Q2 25 | $71.9M | $1.2B | ||
| Q1 25 | $282.9M | $1.1B | ||
| Q4 24 | $255.5M | $568.1M | ||
| Q3 24 | $305.8M | $620.9M | ||
| Q2 24 | $257.9M | $486.8M |
| 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 | — | $4.1B | ||
| Q4 25 | $2.0B | $4.0B | ||
| Q3 25 | $2.0B | $4.1B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $1.1B | $3.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $403.2M | $2.8B | ||
| Q2 24 | $380.6M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $3.0B | $27.7B | ||
| Q3 25 | $3.0B | $27.5B | ||
| Q2 25 | $3.0B | $27.6B | ||
| Q1 25 | $1.3B | $27.4B | ||
| Q4 24 | $1.2B | $18.7B | ||
| Q3 24 | $623.5M | $18.5B | ||
| Q2 24 | $585.1M | $18.1B |
| 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 | $290.4M | ||
| Q3 25 | $49.0M | $116.9M | ||
| Q2 25 | $47.1M | $105.0M | ||
| Q1 25 | $24.5M | $-26.4M | ||
| Q4 24 | $-29.2M | $211.0M | ||
| Q3 24 | $49.6M | $60.7M | ||
| Q2 24 | $43.9M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $52.3M | $280.0M | ||
| Q3 25 | $44.9M | $114.9M | ||
| Q2 25 | $44.1M | $98.3M | ||
| Q1 25 | $23.0M | $-30.7M | ||
| Q4 24 | $-30.0M | $200.7M | ||
| Q3 24 | $48.1M | $56.9M | ||
| Q2 24 | $42.4M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 105.4% | ||
| Q3 25 | 21.9% | 43.9% | ||
| Q2 25 | 24.2% | 37.7% | ||
| Q1 25 | 18.2% | -15.9% | ||
| Q4 24 | -23.7% | 123.2% | ||
| Q3 24 | 41.5% | 37.7% | ||
| Q2 24 | 39.7% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 3.9% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 1.6% | 2.6% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 0.6% | 6.3% | ||
| Q3 24 | 1.3% | 2.5% | ||
| Q2 24 | 1.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | 3.76× | — | ||
| Q4 24 | -0.07× | 4.25× | ||
| Q3 24 | 13.66× | 1.63× | ||
| Q2 24 | — | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWAN
Segment breakdown not available.
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
