Clearway Energy, Inc. (CWEN) Key Metrics
CWEN valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $7.38B
- Enterprise value
- $15.93B
- P/E (TTM)
- 38.9 10-yr median 36.1
- Forward P/E
- 39.4
- PEG ratio
- 3.41
- Price / sales
- 4.7 10-yr median 2.3
- Price / book
- 3.4 10-yr median 1.5
- EV / EBITDA
- 13.3 10-yr median 10.7
- Dividend yield
- 3.05% $1.86 a year
- Beta
- 0.89
CWEN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCWEN valuation Price multiples at each fiscal year-end price.
CWEN returns How much profit the business earns on the capital it uses.
CWEN per-share figures Results divided by the shares outstanding at year-end.
CWEN financial health Debt, liquidity and how easily interest is covered.
CWEN efficiency & capital use Working capital cycle and where the cash goes.
CWEN valuation history
CWEN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CWEN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CWEN cash returned to shareholders
CWEN price vs earnings per share
CWEN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.96B | $3.07B | $3.21B | $3.73B | $4.22B | $3.70B | $2.17B | $1.79B | $1.87B | $1.55B |
| Enterprise value | $13.34B | $10.48B | $11.34B | $10.43B | $12.31B | $10.75B | $8.77B | $7.37B | $7.56B | $6.94B |
| P/E ratio | 23.4 | 34.9 | 40.6 | 6.4 | 82.7 | 148.2 | — | 37.4 | — | 27.2 |
| Price / sales | 2.8 | 2.2 | 2.4 | 3.1 | 3.3 | 3.1 | 2.1 | 1.7 | 1.9 | 1.5 |
| Price / book | 2.1 | 1.5 | 1.5 | 1.7 | 2.3 | 2.0 | 1.2 | 1.0 | 1.1 | 0.8 |
| Price / free cash flow | 10.7 | 6.4 | 7.9 | 5.5 | 7.7 | 8.8 | 8.7 | 4.3 | 3.9 | 2.9 |
| Price / operating cash flow | 5.8 | 4.0 | 4.6 | 4.7 | 6.0 | 6.8 | 4.6 | 3.6 | 3.6 | 2.8 |
| EV / sales | 9.3 | 7.6 | 8.6 | 8.8 | 9.6 | 9.0 | 8.5 | 7.0 | 7.5 | 6.8 |
| EV / EBITDA | 12.2 | 9.7 | 11.0 | 4.7 | 13.6 | 12.2 | 11.4 | 8.9 | 10.0 | 10.5 |
| EV / free cash flow | 36.1 | 21.7 | 27.8 | 15.5 | 22.4 | 25.5 | 35.2 | 17.8 | 15.6 | 12.9 |
| Earnings yield | 4.3% | 2.9% | 2.5% | 15.6% | 1.2% | 0.7% | −0.5% | 2.7% | −0.9% | 3.7% |
| Free cash flow yield | 9.3% | 15.7% | 12.7% | 18.1% | 13.0% | 11.4% | 11.5% | 23.1% | 25.9% | 34.9% |
| Dividend yield | 9.0% | 10.9% | 9.7% | 9.5% | 6.4% | 5.7% | 7.1% | 7.2% | 5.8% | 11.8% |
| Shareholder yield (dividends + buybacks) | 9.0% | 10.9% | 9.7% | 9.5% | 6.4% | 5.7% | 7.1% | 7.2% | 5.8% | 11.8% |
| Share price at fiscal year-end | $33.26 | $26.00 | $27.43 | $31.87 | $36.03 | $31.93 | $19.95 | $17.25 | $18.90 | $15.80 |
| Per share | ||||||||||
| Revenue per share | $12.01 | $11.62 | $11.23 | $10.17 | $10.99 | $10.34 | $9.47 | $10.12 | $10.19 | $10.42 |
| Earnings per share | $1.42 | $0.75 | $0.68 | $4.97 | $0.44 | $0.22 | −$0.10 | $0.46 | −$0.16 | $0.58 |
| Operating cash flow per share | $5.78 | $6.53 | $6.00 | $6.73 | $5.99 | $4.70 | $4.38 | $4.79 | $5.21 | $5.71 |
| Free cash flow per share | $3.10 | $4.09 | $3.49 | $5.77 | $4.70 | $3.63 | $2.28 | $3.99 | $4.90 | $5.51 |
| Cash per share | $6.87 | $2.81 | $4.57 | $5.62 | $1.53 | $2.31 | $3.83 | $3.91 | $1.49 | $3.23 |
| Book value per share | $16.17 | $17.47 | $17.95 | $19.09 | $15.68 | $15.73 | $16.97 | $17.52 | $17.65 | $18.88 |
| Tangible book value per share | −$3.11 | −$1.11 | −$2.34 | −$2.84 | −$5.68 | $3.92 | $3.87 | $6.40 | $5.24 | $5.76 |
| Dividends per share | $3.01 | $2.83 | $2.66 | $3.02 | $2.29 | $1.82 | $1.42 | $1.25 | $1.09 | $1.87 |
| Capex per share | $2.68 | $2.43 | $2.51 | $0.96 | $1.29 | $1.07 | $2.09 | $0.80 | $0.31 | $0.20 |
| Debt per share | $85.70 | $65.67 | $74.05 | $62.91 | $70.70 | $63.05 | $64.35 | $57.52 | $58.96 | $58.24 |
| Shares outstanding | 119.0M | 118.0M | 117.0M | 117.0M | 117.0M | 116.0M | 109.0M | 104.0M | 99.0M | 98.0M |
| Change in shares outstanding | +0.8% | +0.9% | 0.0% | 0.0% | +0.9% | +6.4% | +4.8% | +5.1% | +1.0% | +16.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.5% | 4.2% | 3.6% | 28.6% | 2.8% | 1.4% | −0.6% | 2.7% | −0.9% | 3.1% |
| Return on invested capital (ROIC) | 1.3% | 1.6% | 2.2% | 12.9% | 2.2% | 3.0% | 2.2% | 2.3% | 1.9% | 2.4% |
| Return on assets (ROA) | 1.1% | 0.6% | 0.6% | 4.6% | 0.4% | 0.2% | −0.1% | 0.6% | −0.2% | 0.7% |
| Return on tangible assets | 1.2% | 0.7% | 0.6% | 6.0% | 0.5% | 0.3% | −0.1% | 0.7% | −0.2% | 0.8% |
| Free cash flow margin | 25.8% | 35.2% | 31.1% | 56.7% | 42.8% | 35.1% | 24.1% | 39.4% | 48.1% | 52.9% |
| Income quality (OCF / net income) | 4.07 | 8.75 | 8.89 | 1.35 | 13.75 | 21.80 | — | 10.38 | — | 9.82 |
| Financial health | ||||||||||
| Total debt | $10.20B | $7.75B | $8.66B | $7.36B | $8.27B | $7.31B | $7.01B | $5.98B | $5.84B | $5.71B |
| Cash & short-term investments | $818.0M | $332.0M | $535.0M | $657.0M | $179.0M | $268.0M | $417.0M | $407.0M | $148.0M | $317.0M |
| Net debt | $9.38B | $7.42B | $8.13B | $6.70B | $8.09B | $7.05B | $6.60B | $5.58B | $5.69B | $5.39B |
| Debt / equity | 5.30 | 3.76 | 4.13 | 3.30 | 4.51 | 4.01 | 3.79 | 3.28 | 3.34 | 3.09 |
| Debt / assets | 0.61 | 0.54 | 0.59 | 0.60 | 0.65 | 0.69 | 0.71 | 0.70 | 0.70 | 0.68 |
| Net debt / EBITDA | 8.55 | 6.85 | 7.88 | 3.05 | 8.95 | 8.02 | 8.55 | 6.77 | 7.54 | 8.12 |
| Current ratio | 1.13 | 1.49 | 1.72 | 2.07 | 0.94 | 1.12 | 0.30 | 1.07 | 0.99 | 1.41 |
| Quick ratio | 1.06 | 1.40 | 1.66 | 1.99 | 0.92 | 1.05 | 0.28 | 1.02 | 0.91 | 1.32 |
| Interest coverage | 0.5 | 0.6 | 0.8 | 6.3 | 0.9 | 0.8 | 0.6 | 1.1 | 0.9 | 0.8 |
| Working capital | $134.0M | $349.0M | $654.0M | $659.0M | −$100.0M | $74.0M | −$1.45B | $52.0M | −$4.0M | $186.0M |
| Invested capital | $11.30B | $9.48B | $10.23B | $8.94B | $9.93B | $8.87B | $8.45B | $7.40B | $7.44B | $7.24B |
| Tangible asset value | $3.62B | $3.37B | $2.62B | $1.47B | $801.0M | $1.34B | $835.0M | $1.07B | $910.0M | $1.08B |
| Net current asset value | −$9.59B | −$7.70B | −$8.15B | −$7.00B | −$7.98B | −$7.17B | −$7.06B | −$5.52B | −$5.66B | −$5.37B |
| Graham number | $22.73 | $17.12 | $16.51 | $46.22 | $12.40 | $8.73 | — | $13.49 | — | $15.72 |
| Graham net-net per share | −$82.04 | −$70.16 | −$75.95 | −$63.97 | −$78.70 | −$64.49 | −$65.49 | −$55.49 | −$59.56 | −$57.07 |
| Capital allocation | ||||||||||
| Dividends paid | $358.0M | $334.0M | $311.0M | $353.0M | $268.0M | $211.0M | $155.0M | $130.0M | $108.0M | $183.0M |
| Share buybacks (net) | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 211.8% | 379.5% | 393.7% | 60.7% | 525.5% | 844.0% | — | 270.8% | — | 321.1% |
| Dividends + buybacks / free cash flow | 97.0% | 69.2% | 76.2% | 52.3% | 48.7% | 50.1% | 62.2% | 31.3% | 22.3% | 33.9% |
| Capex / revenue | 22.3% | 20.9% | 22.4% | 9.4% | 11.7% | 10.3% | 22.1% | 7.9% | 3.1% | 2.0% |
| Capex / operating cash flow | 46.4% | 37.3% | 41.9% | 14.2% | 21.5% | 22.8% | 47.8% | 16.7% | 6.0% | 3.6% |
| Capex / depreciation | 0.36 | 0.35 | 0.41 | 0.16 | 0.23 | 0.24 | 0.48 | 0.21 | 0.08 | 0.05 |
| Stock-based compensation / revenue | — | — | 3.7% | — | 7.2% | 9.0% | 9.1% | 0.3% | 4.8% | 17.8% |
| R&D / revenue | — | — | — | 0.2% | 0.5% | 0.4% | 0.5% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 2.9% | 2.8% | 2.7% | 3.4% | 3.1% | 2.8% | 2.8% | 1.9% | 1.9% | 1.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.8 | 67.8 | 69.2 | 45.5 | 40.7 | 39.7 | 39.3 | 36.7 | 39.6 | 40.9 |
| Days of inventory on hand | 20.9 | 43.3 | 39.4 | 35.2 | 32.0 | 40.9 | 43.3 | 43.4 | 43.7 | 44.7 |
| Days payables outstanding | 36.1 | 99.8 | 91.8 | 108.2 | 109.3 | 81.3 | 74.7 | 87.4 | 88.5 | 102.6 |
| Cash conversion cycle (days) | 26.6 | 11.3 | 16.7 | -27.5 | -36.6 | -0.7 | 7.8 | -7.2 | -5.2 | -16.9 |
| Receivables turnover | 8.74 | 5.39 | 5.28 | 8.01 | 8.96 | 9.19 | 9.30 | 9.93 | 9.21 | 8.92 |
| Payables turnover | 10.10 | 3.66 | 3.97 | 3.37 | 3.34 | 4.49 | 4.88 | 4.18 | 4.13 | 3.56 |
| Inventory turnover | 17.44 | 8.42 | 9.27 | 10.36 | 11.42 | 8.93 | 8.43 | 8.41 | 8.36 | 8.16 |
| Asset turnover | 0.09 | 0.09 | 0.10 | 0.09 | 0.11 | 0.12 | 0.11 | 0.13 | 0.12 | 0.12 |
| Average receivables | $163.5M | $254.5M | $249.0M | $148.5M | $143.5M | $130.5M | $111.0M | $106.0M | $109.5M | $114.5M |
| Average payables | $120.0M | $137.0M | $119.0M | $129.0M | $135.0M | $81.5M | $69.0M | $79.5M | $79.0M | $86.0M |
| Average inventory | $69.5M | $59.5M | $51.0M | $42.0M | $39.5M | $41.0M | $40.0M | $39.5M | $39.0M | $37.5M |
| Intangibles / total assets | 13.8% | 15.3% | 16.1% | 20.8% | 19.5% | 12.9% | 14.4% | 13.6% | 14.8% | 15.3% |
Computed from CWEN's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CWEN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Clearway Energy traded at 23.4 times earnings, against a 10-year median of 36.1. Based on the latest twelve months, the trailing P/E is 38.9 and the forward P/E is 39.4. Clearway Energy earned a return on equity of 8.5% and a return on invested capital of 1.3% in fiscal 2025. It ended the year with $10.2 billion of debt and $818.0 million in cash and short-term investments, net debt of $9.4 billion. It returned $358.0 million to shareholders: $358.0 million in dividends and $0 in share buybacks, 97% of free cash flow. The share count rose 21.4% from 98.0M to 119.0M over 9 years.
See the CWEN income statement, the CWEN chart for price history, or the CWEN stock overview for the latest quote and news.
CWEN key metrics FAQ
What is Clearway Energy's P/E ratio?
Clearway Energy's trailing P/E ratio is 38.9 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 39.4. At the end of fiscal 2025 it was 23.4, compared with a 10-year median of 36.1.
What is Clearway Energy's EV/EBITDA?
Clearway Energy's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $13.3 billion, EBITDA $1.1 billion); the current EV/EBITDA is 13.3.
What is Clearway Energy's return on equity?
Clearway Energy's return on equity (ROE) was 8.5% in fiscal 2025: net income of $169.0 million on average shareholders' equity of $2.0 billion.
What is Clearway Energy's ROIC?
Clearway Energy's return on invested capital was 1.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Clearway Energy have?
Clearway Energy had total debt of $10.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.30 and $9.4 billion of net debt (8.55 times EBITDA).
What is Clearway Energy's dividend yield?
Clearway Energy's forward dividend yield is 3.05%. Clearway Energy paid $358.0 million in dividends in fiscal 2025 ($3.01 per share), a payout ratio of 211.8%.
What is Clearway Energy's free cash flow yield?
Clearway Energy generated $369.0 million of free cash flow in fiscal 2025, a free cash flow yield of 9.3% on its market value at year-end ($4.0 billion).
What is Clearway Energy's current ratio?
Clearway Energy's current ratio was 1.13 at the end of fiscal 2025: current assets were 1.13 times current liabilities.