Saturday 17 October 2026 Export CWEN’s income statement to Excel — free account

Clearway Energy, Inc.

Clearway Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 4.23% from fiscal 2024. In the quarter to March 2026, revenue grew 18.8%, EPS fell 4,600.0%, free cash flow grew 735.9% and total debt rose 19.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

29.95 0.01 −0.03%

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Market cap: $6.2B
P/E: 749×
Fwd P/E: −119×
Dividend yield: 6.20%
F-score: 4/9
Altman Z: 0.36
Beneish M: −2.73
Dividend safety: 16/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.76%

Capital & Financial Ratios $m

Market Cap 6,150.00

Revenue 1,485.00

Net Income (195.00)

Free Cash Flow 656.00

Net Debt 8,436.00

Current Ratio 1.11

Debt/Equity 1.66

P/E ratio 748.75

Fwd P/E (119.00)

P/S ratio 2.44

P/B ratio 0.66

Past 5Y EPS Growth 45.41%

This Y EPS Growth (111.49%)

Next Y EPS Growth 373.04%

Next Y revenue growth 17.91%

Next 5Y EPS Growth (19.25%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 94.57%

10-year low 10-year high

P/S against its own 10 years 55.84%

10-year low 10-year high

P/B against its own 10 years 26.61%

10-year low 10-year high

EV/Sales against its own 10 years 67.78%

10-year low 10-year high

EV/FCF against its own 10 years 37.30%

10-year low 10-year high

Dividends

Payout Ratio 46.39

Annual Dividend Rate 1.86

Annual Dividend Yield 6.20%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.88	0.46 0.47 0.48
2025	1.77	0.43 0.44 0.45 0.45
2024	1.65	0.40 0.41 0.42 0.42
2023	1.54	0.37 0.38 0.39 0.40
2022	1.43	0.35 0.35 0.36 0.37
2021	1.33	0.32 0.33 0.33 0.34
2020	1.05	0.21 0.21 0.31 0.32
2019	0.80	0.20 0.20 0.20 0.20
2018	1.26	0.30 0.31 0.32 0.33
2017	1.10	0.26 0.27 0.28 0.29
2016	0.95	0.23 0.23 0.24 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,051	733	818	680
Receivables	345	164	163	198
Inventory	55	64	75	87
Other	109	106	96	92
	1,560	1,067	1,152	1,057

	2023	2024	2025	Q'26
Payables	161	113	127	197
ST’ Debt	558	430	708	612
Other	51	56	52	34
	906	718	1,018	955

Compound Annual Growth %

	10y	5y	3y
Sales	3.97%	3.57%	6.29%
Cash Flow	4.93%	4.77%	(4.38%)
Earnings	17.74%	46.55%	(33.78%)
Book Value	7.82%	16.44%	13.01%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	354	—	—	—	—
’25	298	392	429	310	1,429
’24	263	366	486	256	1,371
’23	288	406	371	249	1,314
’22	214	368	340	268	1,190
’21	237	380	351	318	1,286
’20	258	329	332	280	1,199

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	401	—	—	—	—
’25	95	191	225	177	688
’24	81	196	301	192	770
’23	75	134	287	206	702
’22	93	186	328	180	787
’21	47	194	288	172	701
’20	84	100	257	104	545

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	326	—	—	—	—
’25	39	115	144	71	369
’24	(17)	92	266	142	483
’23	(13)	113	253	137	490
’22	46	152	314	163	675
’21	(32)	159	257	145	529
’20	44	57	245	75	421

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.35)	—	—	—	—
’25	0.03	0.28	2.00	(0.89)	1.43
’24	(0.02)	0.43	0.31	0.03	0.75
’23	0.00	0.33	0.03	0.32	0.67
’22	(0.28)	4.89	0.28	0.10	4.99
’21	0.03	0.30	0.18	(0.07)	0.44
’20	(0.26)	0.41	0.27	(0.21)	0.22

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.49	15.43	15.55	12.12	16.12	24.93	29.61	18.59	20.63	24.40	Analyst estimates 2026–2028 Powerpack
	High	18.56	20.15	20.75	20.43	33.38	39.75	41.79	35.14	30.92	36.89
People
People	Employees	—	—	269	307	301	304	58	61	60	—
	Revenue/emp, $m	0.00	0.00	3.91	3.36	3.98	4.23	20.52	21.54	22.85	0.00
Income, $m
Income, $m	Revenue	1,035	1,009	1,053	1,032	1,199	1,286	1,190	1,314	1,371	1,429
	Gross margin, %	70.24	67.69	68.95	67.34	69.47	64.93	63.45	64.00	63.46	62.91
	EBT	1	48	116	(104)	(54)	(63)	1,282	(16)	(33)	(175)
	EBT margin, %	0.10	4.76	11.02	(10.08)	(4.50)	(4.90)	107.73	(1.22)	(2.41)	(12.25)
	Net income	2	(24)	54	(96)	(62)	(75)	1,060	(14)	(63)	(231)
	Depreciation	399	429	429	489	533	669	698	724	823	884
Per share, $
Per share, $	Revenue	10.56	10.19	10.13	9.47	10.43	10.99	10.17	11.23	11.62	12.01
	Earnings	0.58	(0.24)	0.46	(0.10)	0.22	0.44	4.99	0.67	0.75	1.43
	Cash flow	5.89	5.22	4.79	4.38	4.74	5.99	6.73	6.00	6.53	5.78
	Capex	(0.20)	(1.92)	(0.80)	(2.09)	(1.08)	(1.47)	(0.96)	(1.81)	(2.43)	(2.68)
	Free cash flow	5.68	3.30	3.99	2.28	3.66	4.52	5.77	4.19	4.09	3.10
	Book value	26.52	21.81	21.38	20.76	23.61	28.21	34.41	42.68	47.15	48.83
	Shares, m	98	99	104	109	115	117	117	117	118	119
Valuation, ×
Valuation, ×	P/E	25.32	0.00	50.74	0.00	152.05	81.89	6.42	39.99	34.67	23.42
	P/S	1.49	1.90	1.70	2.11	3.06	3.28	3.15	2.42	2.24	2.77
	P/B	0.59	0.89	0.81	0.96	1.35	1.28	0.93	0.64	0.55	0.68
	EV/Sales	6.86	7.53	6.83	8.27	8.49	8.77	8.04	7.74	6.94	8.22
	EV/FCF	12.74	23.25	17.33	34.29	24.17	21.31	14.17	20.75	19.70	31.83
Cash, $m
Cash, $m	Operating cash flow	577	517	498	477	545	701	787	702	770	688
	Capex	(20)	(190)	(83)	(228)	(124)	(172)	(112)	(212)	(287)	(319)
	Free cash flow	557	327	415	249	421	529	675	490	483	369
Balance, $m
Balance, $m	Working capital	165	(58)	52	(1,449)	74	(100)	659	654	349	134
	Total debt	6,058	5,998	5,982	6,780	6,969	7,711	6,813	8,037	7,180	8,606
	Net debt	5,560	5,682	5,399	6,363	6,504	7,057	5,817	6,986	6,447	7,788
	Shareholders’ equity	2,599	2,159	2,224	2,263	2,715	3,300	4,026	4,994	5,564	5,811
Returns, %
Returns, %	ROA	0.65	(0.18)	0.57	(0.12)	0.25	0.44	4.63	0.58	0.61	1.09
	ROIC	1.70	2.26	2.85	1.62	2.26	1.61	9.33	1.37	1.02	0.74
	ROE	2.14	(0.67)	2.19	(0.49)	1.00	1.70	15.89	1.75	1.67	2.97

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AXIAY AXIA Energia	$23.4B	13.2×	12.1×	+23.00% (above 0%: growing)	n/m	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
ENLT Enlight Renewable Energy Ltd.	$9.8B	102×	—	+42.95% (above 0%: growing)	−72.00% (below 0%: shrinking)	−87.75% (below 0%: shrinking)	42.23%	54.78%	Compare
BEP Brookfield Renewable Partners L.P.	$8.6B	— (loss-making)	— (loss-making)	+11.52% (above 0%: growing)	n/m	+250.13% (above 0%: growing)	59.97%	27.51%	Compare
CWEN Clearway Energy, Inc.	$6.2B	749×	— (loss-making)	+18.79% (above 0%: growing)	n/m	+735.90% (above 0%: growing)	62.15%	5.65%
ORA Ormat Technologies, Inc.	$5.5B	42.9×	78.5×	+10.57% (above 0%: growing)	−4.35% (below 0%: shrinking)	−376.02% (below 0%: shrinking)	26.55%	13.22%	Compare
BEPC Brookfield Renewable Corporation	$5.4B	— (loss-making)	— (loss-making)	+19.78% (above 0%: growing)	n/m	+116.56% (above 0%: growing)	61.84%	32.69%	Compare
EBR.B Eletrobras	$2.6B	14.7×	—	+23.00% (above 0%: growing)	+118.50% (above 0%: growing)	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
RNW ReNew Energy Global PLC	$2.5B	21.9×	27.8×	+5.42% (above 0%: growing)	+6.25% (above 0%: growing)	−179.75% (below 0%: shrinking)	83.20%	50.00%	Compare
XIFR XPLR Infrastructure, LP	$1.9B	15.3×	— (loss-making)	+6.14% (above 0%: growing)	−52.38% (below 0%: shrinking)	−105.30% (below 0%: shrinking)	100.00%	16.53%	Compare
Median of peers	$5.4B	18.6×	27.8×	+15.65%	−4.35%	+5.39%	72.52%	35.60%

All 24 Utilities Renewable stocks →

Clearway Energy, Inc. (CWEN) key facts

Strength: Clearway Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 4.23% from fiscal 2024.
Clearway Energy, Inc. (CWEN) is an Utilities Renewable company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, CWEN traded at $29.95, a market capitalization of $6.2 billion.
Clearway Energy, Inc. pays an annual dividend of $1.86 per share, a yield of 6.20%.
Return on equity was 2.97% and debt-to-equity 1.66.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.36 (distress zone) for fiscal 2025.