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CWEN Financials Clearway Energy, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.6% per year over the past 5 years.
  • Net income has grown faster than revenue (46.6% vs 3.6% per year).
  • Operating margin has contracted, at 11.2% in the latest year.
  • Free cash flow has declined 2.6% per year over the past 5 years.

Financial health

  • Total debt ($8.7B) exceeds cash ($231M); net debt is $8.4B.
  • Total debt has grown in line with revenue (4.3% vs 3.6% per year).
  • Operating income covered interest expense 0.4× in the latest year, down from 0.8× 5 years ago.
  • Total debt is 10× EBITDA.
Revenue & net income
-$16M $707M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-2% 61% 124% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$614M $31M $675M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $4B $9B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$223M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.4B $169M 62.9% 11.2% $369M $8.7B $231M
2024 $1.4B $88M 63.5% 14.3% $483M $7.2B $332M
2023 $1.3B $79M 64.0% 20.0% $490M $8.1B $535M
2022 $1.2B $582M 63.4% 123.5% $675M $6.9B $657M
2021 $1.3B $51M 64.9% 20.8% $550M $8.2B $179M
2020 $1.2B $25M 69.5% 27.8% $421M $7.0B $268M
2019 $1.0B -$11M 67.3% 21.7% $249M $6.9B $155M
2018 $1.1B $48M 68.9% 33.0% $415M $6.0B $407M
2017 $1.0B -$16M 67.7% 28.0% $327M $6.0B $148M
2016 $1.0B — 70.2% 21.4% $557M $6.0B $322M
2015 $968M — 66.6% 33.7% $396M $5.7B $111M
2014 $828M — 66.5% 37.0% $302M $5.8B $429M
2013 $434M — 64.5% 41.7% -$614M $1.8B $59M
2012 $175M — 34.9% 16.6% -$508M $807M $22M
2011 $164M — 34.1% 17.1% -$99M — $24M

Valuation over time

How the market has priced CWEN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 42.7 85.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.0 5.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is CWEN growing its revenue and profit?

Over the past 5 years, Clearway Energy, Inc.'s revenue has grown 3.6% per year, and net income grown 46.6% per year. These are computed facts, not advice.

How much debt does CWEN have?

As of FY2025, Clearway Energy, Inc. reported $8.7B of total debt against $231M of cash; operating income covered interest expense 0.4×.

What is CWEN's profit margin?

In FY2025, gross margin was 62.9%, operating margin 11.2%, and net margin 11.8%.

What is CWEN's P/E ratio?

As of Jun '26, Clearway Energy, Inc. traded at a price-to-earnings ratio of about 44.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.