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 Aug 9, 2026, 10:15 UTC 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

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.4B	$169M	62.9%	11.2%	2.9%	1.0%	$369M	$8.7B	$231M
2024	$1.4B	$88M	63.5%	14.3%	1.6%	0.6%	$483M	$7.2B	$332M
2023	$1.3B	$79M	64.0%	20.0%	1.6%	0.5%	$490M	$8.1B	$535M
2022	$1.2B	$582M	63.4%	123.5%	14.5%	4.7%	$675M	$6.9B	$657M
2021	$1.3B	$51M	64.9%	20.8%	1.5%	0.4%	$550M	$8.2B	$179M
2020	$1.2B	$25M	69.5%	27.8%	0.9%	0.2%	$421M	$7.0B	$268M
2019	$1.0B	-$11M	67.3%	21.7%	-0.5%	-0.1%	$249M	$6.9B	$155M
2018	$1.1B	$48M	68.9%	33.0%	2.2%	0.6%	$415M	$6.0B	$407M
2017	$1.0B	-$16M	67.7%	28.0%	-0.7%	-0.2%	$327M	$6.0B	$148M
2016	$1.0B	—	70.2%	21.4%	0.0%	0.0%	$557M	$6.0B	$322M
2015	$968M	—	66.6%	33.7%	0.0%	0.0%	$396M	$5.7B	$111M
2014	$828M	—	66.5%	37.0%	0.0%	0.0%	$302M	$5.8B	$429M
2013	$434M	—	64.5%	41.7%	0.0%	0.0%	-$614M	$1.8B	$59M
2012	$175M	—	34.9%	16.6%	0.0%	0.0%	-$508M	$807M	$22M
2011	$164M	—	34.1%	17.1%	0.0%	—	-$99M	—	$24M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$481M	$122M	69.0%	24.1%	2.2%	0.7%	$130M	$9.1B	$251M
Mar '26	$354M	-$163M	62.1%	5.6%	-3.0%	-1.0%	$326M	$9.1B	$325M
Dec '25	$310M	-$104M	51.9%	-11.9%	-1.8%	-0.6%	$71M	$8.7B	$231M
Sep '25	$429M	$232M	70.2%	26.1%	4.1%	1.4%	$144M	$8.4B	$251M
Jun '25	$392M	$30M	66.6%	21.7%	0.5%	0.2%	$115M	$8.7B	$260M
Mar '25	$298M	-$3M	59.1%	0.0%	-0.1%	-0.0%	$39M	$7.6B	$297M
Dec '24	$256M	$3M	52.0%	-14.5%	0.1%	0.0%	$142M	$7.2B	$332M
Sep '24	$486M	$36M	72.2%	36.6%	0.6%	0.3%	$266M	$7.1B	$292M
Jun '24	$366M	$51M	68.0%	23.0%	0.9%	0.4%	$92M	$7.2B	$226M
Mar '24	$263M	-$2M	52.1%	-11.0%	-0.0%	-0.0%	-$17M	$8.1B	$478M
Dec '23	$249M	$37M	54.6%	-8.8%	0.7%	0.3%	$137M	$8.1B	$535M
Sep '23	$371M	$4M	63.9%	25.3%	0.1%	0.0%	$253M	$7.5B	$566M
Jun '23	$406M	$38M	70.9%	36.7%	0.9%	0.3%	$113M	$7.0B	$547M
Mar '23	$288M	$0	62.5%	14.6%	0.0%	0.0%	-$13M	$7.1B	$576M
Dec '22	$268M	$12M	63.8%	4.5%	0.3%	0.1%	$163M	$6.9B	$657M
Sep '22	$340M	$32M	71.2%	30.9%	0.8%	0.3%	$314M	$7.0B	$793M
Jun '22	$368M	$570M	69.6%	382.1%	13.6%	4.5%	$152M	$7.1B	$955M
Mar '22	$214M	-$32M	40.2%	-24.8%	-1.0%	-0.3%	$46M	$7.7B	$140M
Dec '21	$318M	-$8M	63.2%	18.6%	-0.2%	-0.1%	$145M	$8.2B	$179M
Sep '21	$351M	$21M	66.7%	25.4%	0.7%	0.2%	$257M	$7.8B	$189M

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.

The price-to-earnings ratio has risen from 11.3× (Mar '23) to 41.8× (Nov '26).
The price-to-sales ratio has fallen from 5.5× (Mar '23) to 4.9× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

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?

Clearway Energy, Inc.'s P/E (TTM) is 81.23 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CWEN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 41.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.