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Clearwater Analytics Holdings, Inc.（CWAN）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
Clearwater Analytics Holdings, Inc.的季度营收约是null的1.9倍（$217.5M vs $117.3M），Clearwater Analytics Holdings, Inc.净利率更高（-5.4% vs -7.3%，领先1.9%），Clearwater Analytics Holdings, Inc.同比增速更快（72.0% vs 5.3%），过去两年Clearwater Analytics Holdings, Inc.的营收复合增速更高（45.5% vs -14.4%）
Clearwater Analytics Holdings是美国SaaS金融科技企业，面向全球客户提供自动化投资会计、业绩测算、合规管理及风险报告服务。公司为公开上市企业，总部位于美国爱达荷州博伊西，在伦敦、爱丁堡、纽约、诺伊达多地设有分支机构。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
CWAN vs SWIM — 直观对比
营收规模更大
CWAN
是对方的1.9倍
$117.3M
营收增速更快
CWAN
高出66.7%
5.3%
净利率更高
CWAN
高出1.9%
-7.3%
两年增速更快
CWAN
近两年复合增速
-14.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $117.3M |
| 净利润 | $-11.8M | $-8.5M |
| 毛利率 | 67.2% | 31.7% |
| 营业利润率 | -3.1% | — |
| 净利率 | -5.4% | -7.3% |
| 营收同比 | 72.0% | 5.3% |
| 净利润同比 | -102.8% | -43.1% |
| 每股收益（稀释后） | $-0.04 | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CWANSWIM
| Q1 26 | — | $117.3M | ||
| Q4 25 | $217.5M | $100.0M | ||
| Q3 25 | $205.1M | $161.9M | ||
| Q2 25 | $181.9M | $172.6M | ||
| Q1 25 | $126.9M | $111.4M | ||
| Q4 24 | $126.5M | $87.3M | ||
| Q3 24 | $115.8M | $150.5M | ||
| Q2 24 | $106.8M | $160.1M |
净利润CWANSWIM
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $-11.8M | $-7.0M | ||
| Q3 25 | $-10.3M | $8.1M | ||
| Q2 25 | $-23.2M | $16.0M | ||
| Q1 25 | $6.5M | $-6.0M | ||
| Q4 24 | $419.3M | $-29.2M | ||
| Q3 24 | $3.6M | $5.9M | ||
| Q2 24 | $-430.0K | $13.3M |
毛利率CWANSWIM
| Q1 26 | — | 31.7% | ||
| Q4 25 | 67.2% | 28.0% | ||
| Q3 25 | 65.6% | 35.4% | ||
| Q2 25 | 65.1% | 37.1% | ||
| Q1 25 | 73.3% | 29.5% | ||
| Q4 24 | 73.5% | 24.6% | ||
| Q3 24 | 72.9% | 32.4% | ||
| Q2 24 | 72.0% | 33.1% |
营业利润率CWANSWIM
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | -10.7% | ||
| Q3 25 | 3.2% | 13.3% | ||
| Q2 25 | -8.0% | 14.3% | ||
| Q1 25 | 5.6% | -4.4% | ||
| Q4 24 | 1.0% | -14.9% | ||
| Q3 24 | 6.3% | 8.9% | ||
| Q2 24 | 3.6% | 12.5% |
净利率CWANSWIM
| Q1 26 | — | -7.3% | ||
| Q4 25 | -5.4% | -7.0% | ||
| Q3 25 | -5.0% | 5.0% | ||
| Q2 25 | -12.8% | 9.3% | ||
| Q1 25 | 5.1% | -5.4% | ||
| Q4 24 | 331.5% | -33.4% | ||
| Q3 24 | 3.1% | 3.9% | ||
| Q2 24 | -0.4% | 8.3% |
每股收益（稀释后）CWANSWIM
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.04 | $-0.06 | ||
| Q3 25 | $-0.04 | $0.07 | ||
| Q2 25 | $-0.09 | $0.13 | ||
| Q1 25 | $0.03 | $-0.05 | ||
| Q4 24 | $1.65 | $-0.24 | ||
| Q3 24 | $0.02 | $0.05 | ||
| Q2 24 | $0.00 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $91.2M | — |
| 总债务越低越好 | $822.6M | $3.3M |
| 股东权益账面价值 | $2.0B | $396.7M |
| 总资产 | $3.0B | $856.4M |
| 负债/权益比越低杠杆越低 | 0.41× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资CWANSWIM
| 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 | — |
总债务CWANSWIM
| Q1 26 | — | $3.3M | ||
| Q4 25 | $822.6M | $279.8M | ||
| Q3 25 | $838.9M | $281.1M | ||
| Q2 25 | $878.1M | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $43.3M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
股东权益CWANSWIM
| Q1 26 | — | $396.7M | ||
| Q4 25 | $2.0B | $405.9M | ||
| Q3 25 | $2.0B | $408.4M | ||
| Q2 25 | $2.0B | $398.4M | ||
| Q1 25 | $1.1B | $381.1M | ||
| Q4 24 | $1.0B | $387.2M | ||
| Q3 24 | $403.2M | $416.6M | ||
| Q2 24 | $380.6M | $408.1M |
总资产CWANSWIM
| Q1 26 | — | $856.4M | ||
| Q4 25 | $3.0B | $823.2M | ||
| Q3 25 | $3.0B | $844.4M | ||
| Q2 25 | $3.0B | $822.1M | ||
| Q1 25 | $1.3B | $824.6M | ||
| Q4 24 | $1.2B | $794.2M | ||
| Q3 24 | $623.5M | $853.4M | ||
| Q2 24 | $585.1M | $830.0M |
负债/权益比CWANSWIM
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.41× | 0.69× | ||
| Q3 25 | 0.42× | 0.69× | ||
| Q2 25 | 0.45× | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.04× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $55.3M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $52.3M | — |
| 自由现金流率自由现金流/营收 | 24.0% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $164.3M | — |
8季度趋势，按日历期对齐
经营现金流CWANSWIM
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $55.3M | $23.3M | ||
| Q3 25 | $49.0M | $51.0M | ||
| Q2 25 | $47.1M | $36.0M | ||
| Q1 25 | $24.5M | $-46.9M | ||
| Q4 24 | $-29.2M | $6.2M | ||
| Q3 24 | $49.6M | $37.2M | ||
| Q2 24 | $43.9M | $52.4M |
自由现金流CWANSWIM
| Q1 26 | — | — | ||
| Q4 25 | $52.3M | $14.1M | ||
| Q3 25 | $44.9M | $45.2M | ||
| Q2 25 | $44.1M | $29.1M | ||
| Q1 25 | $23.0M | $-50.3M | ||
| Q4 24 | $-30.0M | $-98.0K | ||
| Q3 24 | $48.1M | $33.2M | ||
| Q2 24 | $42.4M | $47.9M |
自由现金流率CWANSWIM
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 14.1% | ||
| Q3 25 | 21.9% | 27.9% | ||
| Q2 25 | 24.2% | 16.8% | ||
| Q1 25 | 18.2% | -45.2% | ||
| Q4 24 | -23.7% | -0.1% | ||
| Q3 24 | 41.5% | 22.1% | ||
| Q2 24 | 39.7% | 29.9% |
资本支出强度CWANSWIM
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 9.2% | ||
| Q3 25 | 2.0% | 3.6% | ||
| Q2 25 | 1.6% | 4.0% | ||
| Q1 25 | 1.2% | 3.1% | ||
| Q4 24 | 0.6% | 7.2% | ||
| Q3 24 | 1.3% | 2.7% | ||
| Q2 24 | 1.4% | 2.8% |
现金转化率CWANSWIM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 3.76× | — | ||
| Q4 24 | -0.07× | — | ||
| Q3 24 | 13.66× | 6.32× | ||
| Q2 24 | — | 3.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
