Clear Secure, Inc. (YOU) Key Metrics
YOU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.52B
- Enterprise value
- $3.16B
- P/E (TTM)
- 29.5 10-yr median 31.3
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.5 10-yr median 5.0
- Price / book
- 19.4 10-yr median 8.8
- EV / EBITDA
- 11.0 10-yr median 17.9
- Dividend yield
- 1.32% $0.58 a year
- Beta
- 0.99
YOU key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsYOU valuation Price multiples at each fiscal year-end price.
YOU returns How much profit the business earns on the capital it uses.
YOU per-share figures Results divided by the shares outstanding at year-end.
YOU financial health Debt, liquidity and how easily interest is covered.
YOU efficiency & capital use Working capital cycle and where the cash goes.
YOU valuation history
YOU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
YOU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
YOU cash returned to shareholders
YOU price vs earnings per share
YOU key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $3.41B | $3.85B | $1.89B | $2.25B | $2.43B | — | — |
| Enterprise value | $2.71B | $3.36B | $1.30B | $1.68B | $1.81B | — | — |
| P/E ratio | 31.3 | 22.7 | 67.3 | — | — | — | — |
| Price / sales | 3.8 | 5.0 | 3.1 | 5.1 | 9.6 | — | — |
| Price / book | 19.2 | 19.4 | 8.1 | 7.7 | 8.8 | — | — |
| Price / free cash flow | 9.9 | 13.6 | 9.5 | 16.5 | 59.6 | — | — |
| Price / operating cash flow | 9.2 | 13.0 | 8.4 | 13.4 | 34.8 | — | — |
| EV / sales | 3.0 | 4.4 | 2.1 | 3.8 | 7.1 | — | — |
| EV / EBITDA | 11.3 | 36.1 | 17.9 | — | — | — | — |
| EV / free cash flow | 7.9 | 11.9 | 6.5 | 12.3 | 44.5 | — | — |
| Earnings yield | 3.2% | 4.4% | 1.5% | −2.9% | −1.5% | — | — |
| Free cash flow yield | 10.1% | 7.4% | 10.5% | 6.1% | 1.7% | — | — |
| Dividend yield | 2.7% | 2.4% | 6.6% | 1.0% | 0.7% | — | — |
| Shareholder yield (dividends + buybacks) | 6.4% | 9.5% | 10.3% | 1.2% | 1.2% | — | — |
| Share price at fiscal year-end | $35.08 | $26.64 | $20.65 | $27.43 | $31.37 | — | — |
| Per share | |||||||
| Revenue per share | $9.26 | $5.33 | $6.70 | $5.33 | $3.28 | $3.53 | $2.62 |
| Earnings per share | $1.12 | $1.17 | $0.31 | −$0.80 | −$0.47 | −$0.14 | −$0.74 |
| Operating cash flow per share | $3.83 | $2.05 | $2.46 | $2.05 | $0.90 | −$0.19 | $0.23 |
| Free cash flow per share | $3.53 | $1.96 | $2.17 | $1.66 | $0.53 | −$0.45 | $0.02 |
| Cash per share | $7.20 | $4.22 | $7.89 | $8.58 | $7.95 | $2.35 | $3.36 |
| Book value per share | $1.83 | $1.37 | $2.55 | $3.54 | $3.59 | $1.26 | $2.07 |
| Tangible book value per share | $1.15 | $0.83 | $1.63 | $2.56 | $2.52 | $1.23 | $2.05 |
| Dividends per share | $0.94 | $0.65 | $1.37 | $0.27 | $0.21 | $0.25 | $0.22 |
| Capex per share | $0.30 | $0.08 | $0.29 | $0.39 | $0.37 | $0.26 | $0.21 |
| Debt per share | $0.00 | $0.84 | $1.39 | $1.58 | $0.00 | $0.28 | $0.25 |
| Shares outstanding | 97.3M | 144.5M | 91.6M | 82.1M | 77.4M | 65.4M | 73.5M |
| Change in shares outstanding | −32.7% | +57.7% | +11.6% | +6.1% | +18.4% | −11.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 58.1% | 78.6% | 10.7% | −23.1% | −20.0% | −7.9% | −35.7% |
| Return on assets (ROA) | 8.7% | 15.2% | 2.7% | −7.1% | −6.9% | −3.4% | −17.0% |
| Return on tangible assets | 8.8% | 15.2% | 2.9% | −6.9% | −4.9% | −4.0% | −17.1% |
| Free cash flow margin | 38.1% | 36.8% | 32.4% | 31.2% | 16.0% | −12.7% | 0.7% |
| Income quality (OCF / net income) | 3.41 | 1.74 | 8.01 | — | — | — | — |
| Financial health | |||||||
| Total debt | $0 | $121.3M | $127.4M | $130.1M | $0 | $18.3M | $18.3M |
| Cash & short-term investments | $700.2M | $609.5M | $723.1M | $704.7M | $615.3M | $154.0M | $247.3M |
| Net debt | −$700.2M | −$488.2M | −$595.7M | −$574.6M | −$615.3M | −$135.7M | −$229.0M |
| Debt / equity | 0.00 | 0.61 | 0.55 | 0.45 | 0.00 | 0.22 | 0.12 |
| Debt / assets | 0.00 | 0.10 | 0.12 | 0.13 | 0.00 | 0.08 | 0.06 |
| Net debt / EBITDA | −2.91 | −5.24 | −8.24 | — | — | — | — |
| Current ratio | 1.01 | 1.03 | 1.39 | 1.87 | 2.47 | 1.17 | 1.60 |
| Quick ratio | 1.01 | 1.03 | 1.33 | 1.79 | 2.39 | 1.09 | 1.54 |
| Interest coverage | — | — | 0.7 | -19.6 | -329.3 | -2.0 | — |
| Working capital | $4.7M | $19.2M | $218.0M | $344.1M | $388.5M | $25.5M | $97.9M |
| Invested capital | −$522.4M | −$289.9M | −$362.4M | −$283.6M | −$337.7M | −$53.4M | −$77.1M |
| Tangible asset value | $138.9M | $159.9M | $285.6M | $429.8M | $456.7M | $80.8M | $150.7M |
| Net current asset value | −$334.4M | −$294.8M | $94.2M | $215.0M | $379.8M | $21.7M | $94.6M |
| Graham number | $6.79 | $6.02 | $4.19 | — | — | — | — |
| Graham net-net per share | −$4.09 | −$2.40 | $0.73 | $2.37 | $4.59 | $0.17 | $1.17 |
| Capital allocation | |||||||
| Dividends paid | $91.9M | $93.4M | $125.2M | $21.8M | $16.2M | $16.2M | $16.2M |
| Share buybacks (net) | $126.3M | $272.9M | $69.7M | $5.2M | $11.7M | $210.3M | $12.1M |
| Dividend payout ratio | 84.2% | 55.0% | 445.4% | — | — | — | — |
| Dividends + buybacks / free cash flow | 63.6% | 129.1% | 98.0% | 19.8% | 68.7% | — | — |
| Capex / revenue | 3.3% | 1.6% | 4.3% | 7.3% | 11.4% | 7.3% | 7.9% |
| Capex / operating cash flow | 7.9% | 4.1% | 11.6% | 19.0% | 41.6% | — | 91.6% |
| Capex / depreciation | 0.85 | 0.45 | 1.21 | 1.70 | 2.34 | 1.80 | 2.08 |
| Stock-based compensation / revenue | 4.3% | 4.6% | 6.1% | 31.7% | 14.4% | 1.5% | 7.6% |
| R&D / revenue | 8.0% | 9.5% | 12.1% | 15.3% | 18.7% | 13.9% | 11.0% |
| SG&A / revenue | 31.8% | 34.6% | 43.3% | 73.1% | 80.4% | 58.3% | 66.4% |
| Efficiency | |||||||
| Days sales outstanding | 0.5 | 0.2 | 0.5 | 2.7 | 4.5 | 1.6 | 2.1 |
| Days of inventory on hand | — | — | 53.8 | 56.7 | 56.5 | 57.5 | 40.3 |
| Days payables outstanding | 14.3 | 19.3 | 15.6 | 19.0 | 30.1 | 38.8 | 28.2 |
| Cash conversion cycle (days) | -13.8 | -19.1 | 38.7 | 40.4 | 30.9 | 20.3 | 14.2 |
| Receivables turnover | 739.56 | 1,485.99 | 723.99 | 134.60 | 81.36 | 227.95 | 172.76 |
| Payables turnover | 25.46 | 18.87 | 23.46 | 19.22 | 12.11 | 9.42 | 12.94 |
| Inventory turnover | — | — | 6.79 | 6.43 | 6.45 | 6.35 | 9.05 |
| Asset turnover | 0.72 | 0.69 | 0.59 | 0.47 | 0.49 | 0.84 | 0.60 |
| Average receivables | $1.2M | $518,500 | $847,500 | $3.2M | $3.1M | $1.0M | $1.1M |
| Average payables | $12.6M | $14.9M | $9.9M | $8.4M | $8.7M | $7.8M | $7.1M |
| Average inventory | — | — | $34.1M | $25.0M | $16.3M | $11.6M | $10.2M |
| Intangibles / total assets | 5.0% | 6.5% | 8.0% | 7.8% | 10.2% | 0.7% | 0.4% |
Computed from YOU's annual financial statements (latest annual report filed February 25, 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.
YOU valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Clear Secure traded at 31.3 times earnings, against a 7-year median of 31.3. Based on the latest twelve months, the trailing P/E is 29.5. Clear Secure earned a return on equity of 58.1% in fiscal 2025. It ended the year with $0 of debt and $700.2 million in cash and short-term investments, a net cash position of $700.2 million. It returned $218.2 million to shareholders: $91.9 million in dividends and $126.3 million in share buybacks, 64% of free cash flow. The share count rose 32.4% from 73.5M to 97.3M over 6 years.
See the YOU income statement, the YOU chart for price history, or the YOU stock overview for the latest quote and news.
YOU key metrics FAQ
What is Clear Secure's P/E ratio?
Clear Secure's trailing P/E ratio is 29.5 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 31.3, compared with a 7-year median of 31.3.
What is Clear Secure's EV/EBITDA?
Clear Secure's enterprise value was 11.3 times EBITDA at the end of fiscal 2025 (enterprise value $2.7 billion, EBITDA $240.7 million); the current EV/EBITDA is 11.0.
What is Clear Secure's return on equity?
Clear Secure's return on equity (ROE) was 58.1% in fiscal 2025: net income of $109.2 million on average shareholders' equity of $188.0 million.
How much debt does Clear Secure have?
Clear Secure had total debt of $0 at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Clear Secure's dividend yield?
Clear Secure's forward dividend yield is 1.32%. Clear Secure paid $91.9 million in dividends in fiscal 2025 ($0.94 per share), a payout ratio of 84.2%.
Does Clear Secure buy back its shares?
Yes. Clear Secure spent $126.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −32.7% over the year, to 97.3M..
What is Clear Secure's free cash flow yield?
Clear Secure generated $343.1 million of free cash flow in fiscal 2025, a free cash flow yield of 10.1% on its market value at year-end ($3.4 billion).
What is Clear Secure's current ratio?
Clear Secure's current ratio was 1.01 at the end of fiscal 2025: current assets were 1.01 times current liabilities.