CLEAR Secure, Inc.

YOU Technology Software Application

CLEAR Secure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $900.8 million, up 16.9% from fiscal 2024.

Revenue
+27.8%
EPS
+156.7%
Free cash flow
−94.2%

Quarter to September 2026, against a year earlier

56.19 2.89 −4.89%
Market cap
$7.6B
P/E
28.9×
Fwd P/E
24.5×
Dividend yield
—
F-score
6/9
Altman Z
3.13
Beneish M
−1.10
Dividend safety
57/100

CLEAR Secure, Inc. (YOU) Free cash flow margin

Alert me on Free cash flow margin

CLEAR Secure, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 43.0%, up 4.9 percentage points from fiscal 2025 (38.1%). Over the past ten years it has ranged from −12.7% (fiscal 2020) to 38.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 38.1% 1.31
FY2024 36.8% 4.36
FY2023 32.4% 1.24
FY2022 31.2% 15.14
FY2021 16.0% 28.72
FY2020 −12.7% (13.40)
FY2019 0.72% —

Against its own ten years

Low −12.7% High 38.1%
Ten-year median 31.2%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
YOU CLEAR Secure, Inc. 43.0%
DUOL Duolingo, Inc. compare 36.9%
IDCC InterDigital, Inc. compare 30.8%
APPF AppFolio, Inc. compare 25.5%
PCTY Paylocity Holding Corporation compare 24.2%
LYFT Lyft, Inc. compare 17.3%
TTAN ServiceTitan Inc. compare 10.7%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 0.00%
QNT Quantinuum Inc. compare —
Software Application industry median 5.77%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on YOU