Get started

Financials · CWEN

Clearway Energy Inc. (CWEN) financials

For the twelve months ended Jun 30, 2026, Clearway Energy Inc. reported $1.57B of revenue and $101.00M of net income.

Revenue, TTM
$1.57B
Revenue growth, YoY
+9.9%
Net income, TTM
$101.00M
Net income growth, YoY
+53.0%
Net margin
6.4%
Free cash flow, TTM
$671.00M
Cash
$251.00M
Total debt
$9.06B
P/E
55.63
P/S
3.57
Market cap
$5.62B
Annual revenue$1.43B
FY2016FY2025
Annual net income$169.00M
FY2016FY2025
Annual free cash flow$369.00M
FY2016FY2025

CWEN revenue and earnings growth

CWEN revenueQ2 2026$481.00M

Quarter YoY
+22.7%
QoQ
+35.9%
FY YoY
+4.2%
5Y CAGR
+3.6%
10Y CAGR
+4.0%

CWEN revenue was $481.00M in fiscal Q2 2026 (ended Jun 30, 2026), up 22.7% from a year earlier and up 35.9% from the prior quarter. For the full fiscal 2025 it was $1.43B, up 4.2% from fiscal 2024. Compound annual growth was +3.6% over 5 years and +4.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CWEN net incomeQ2 2026$122.00M

Quarter YoY
+306.7%
FY YoY
+92.0%
5Y CAGR
+46.6%
10Y CAGR
+17.7%

CWEN net income was $122.00M in fiscal Q2 2026 (ended Jun 30, 2026), up 306.7% from a year earlier. For the full fiscal 2025 it was $169.00M, up 92.0% from fiscal 2024. Compound annual growth was +46.6% over 5 years and +17.7% over 10 years. It rose in 4 of the last 5 fiscal years.

CWEN free cash flowQ2 2026$130.00M

Quarter YoY
+13.0%
QoQ
-60.1%
FY YoY
-23.6%
5Y CAGR
-2.6%
10Y CAGR
-0.7%

CWEN free cash flow was $130.00M in fiscal Q2 2026 (ended Jun 30, 2026), up 13.0% from a year earlier and down 60.1% from the prior quarter. For the full fiscal 2025 it was $369.00M, down 23.6% from fiscal 2024. Compound annual growth was -2.6% over 5 years and -0.7% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.43B$1.37B$1.31B$1.19B$1.29B$1.20B$1.03B$1.05B$1.01B$1.03B
Cost of revenue$530.00M$501.00M$473.00M$435.00M$451.00M$366.00M$337.00M$327.00M$326.00M$308.00M
Gross profit$899.00M$870.00M$841.00M$755.00M$835.00M$833.00M$695.00M$726.00M$683.00M$727.00M
Selling, general and admin$41.00M$39.00M$36.00M$40.00M$40.00M$34.00M$29.00M$20.00M$19.00M$16.00M
Operating income$160.00M$196.00M$263.00M$1.47B$267.00M$333.00M$224.00M$347.00M$283.00M$222.00M
Interest expense$387.00M$307.00M$337.00M$232.00M$312.00M$415.00M$404.00M$306.00M$307.00M$284.00M
Pre-tax income-$175.00M-$33.00M-$16.00M$1.28B-$63.00M-$54.00M-$104.00M$116.00M$48.00M$1.00M
Income tax$56.00M$30.00M-$2.00M$222.00M$12.00M$8.00M-$8.00M$62.00M$72.00M-$1.00M
Net income$169.00M$88.00M$79.00M$582.00M$51.00M$25.00M-$11.00M$48.00M-$16.00M$57.00M
EPS, basic-$0.75$0.67$4.99$0.44$0.22-$0.10$0.46--
EPS, diluted-$0.75$0.67$4.99$0.44$0.22-$0.10$0.46--
Diluted shares35.0M35.0M35.0M35.0M35.0M35.0M----

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$231.00M$733.00M$1.05B$996.00M$654.00M$465.00M$417.00M$583.00M$316.00M$498.00M
Receivables---$153.00M$144.00M$143.00M$116.00M$104.00M$95.00M$95.00M
Inventory$75.00M$64.00M$55.00M$47.00M$37.00M$42.00M$40.00M$40.00M$39.00M$39.00M
Current assets$1.15B$1.07B$1.56B$1.28B$1.53B$708.00M$608.00M$756.00M$482.00M$670.00M
Total assets$16.66B$14.33B$14.70B$12.31B$12.81B$10.59B$9.70B$8.50B$8.49B$8.96B
Current liabilities$1.02B$718.00M$906.00M$617.00M$1.63B$634.00M$2.06B$704.00M$540.00M$505.00M
Short-term debt$708.00M$430.00M$558.00M$322.00M$772.00M$384.00M$1.82B$535.00M--
Long-term debt$7.90B$6.75B$7.48B$6.49B$6.94B$6.58B$4.96B$5.45B$5.66B$5.73B
Total debt$8.61B$7.18B$8.04B$6.81B$7.71B$6.97B$6.78B$5.98B$5.66B$5.73B
Total liabilities$10.74B$8.77B$9.71B$8.28B$9.51B$7.88B$7.44B$6.28B$6.33B$6.36B
Shareholders' equity$5.81B$5.56B$4.99B$4.03B$3.30B$2.71B$2.26B$2.22B$2.16B$2.62B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$688.00M$770.00M$702.00M$787.00M$701.00M$545.00M$477.00M$498.00M$517.00M$577.00M
Capital expenditures$319.00M$287.00M$212.00M$112.00M$151.00M$124.00M$228.00M$83.00M$190.00M$20.00M
Free cash flow$369.00M$483.00M$490.00M$675.00M$550.00M$421.00M$249.00M$415.00M$327.00M$557.00M
Investing cash flow-$803.00M-$725.00M-$523.00M$1.06B-$865.00M-$62.00M-$468.00M-$185.00M-$442.00M-$131.00M
Financing cash flow$200.00M-$363.00M-$124.00M-$1.51B$367.00M-$435.00M-$175.00M-$46.00M-$257.00M-$202.00M
Dividends paid-------$238.00M$202.00M$173.00M
Stock-based compensation--------$2.00M$1.00M
Depreciation and amortization$682.00M$627.00M$526.00M$512.00M$509.00M$428.00M$401.00M$336.00M$334.00M$303.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY4.2%4.3%10.4%-7.5%7.3%16.2%-2.0%4.4%-2.5%6.9%
Net income growth, YoY92.0%11.4%-86.4%1041.2%104.0%----72.7%
EPS growth, YoY-11.9%-86.6%1034.1%100.0%-----
Gross margin62.9%63.5%64.0%63.4%64.9%69.5%67.3%68.9%67.7%70.2%
Operating margin11.2%14.3%20.0%123.5%20.8%27.8%21.7%33.0%28.0%21.4%
Net margin11.8%6.4%6.0%48.9%4.0%2.1%-1.1%4.6%-1.6%5.5%
Free cash flow margin25.8%35.2%37.3%56.7%42.8%35.1%24.1%39.4%32.4%53.8%
Return on equity2.9%1.6%1.6%14.5%1.5%0.9%-0.5%2.2%-0.7%2.2%
Return on assets1.0%0.6%0.5%4.7%0.4%0.2%-0.1%0.6%-0.2%0.6%
Current ratio1.131.491.722.070.941.120.301.070.891.33
Debt to equity1.481.291.611.692.342.573.002.692.622.18

Source: XBRL data Clearway Energy Inc. files with the SEC, latest filing dated Aug 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CWEN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CWEN$1.57B+9.9%$101.00M6.4%$5.62B
NEE$27.87B+10.3%$8.18B29.4%$185.09B
SO$30.17B+7.9%$4.34B14.4%$107.37B
CEG$31.27B+26.0%$3.48B11.1%$84.91B
AEP$22.43B+9.3%$3.72B16.6%$69.03B
D$17.52B+17.5%$2.95B16.9%$61.25B
ETR$13.29B+11.4%$1.79B13.4%$52.70B
VST$19.60B+4.1%$2.22B11.3%$37.89B
FTSC$12.17B+5.8%C$1.71B14.1%$31.56B

CWEN FAQ

8 questions
  • What is CWEN revenue?
    Clearway Energy Inc. (CWEN) reported $1.57B of revenue for the twelve months ended Jun 30, 2026. That is up 9.9% from the year before. Revenue for fiscal 2025 was $1.43B.
  • Is CWEN profitable?
    Yes. Clearway Energy Inc. earned $101.00M in net income for the twelve months ended Jun 30, 2026, a net margin of 6.4%.
  • How much cash and debt does CWEN have?
    Clearway Energy Inc. reported $251.00M in cash and cash equivalents and $9.06B of debt on its most recent balance sheet in SEC filings.
  • How fast is CWEN revenue growing?
    Clearway Energy Inc.'s revenue changed +4.2% in fiscal 2025, to $1.43B. Its compound annual growth rate was +3.6% over 5 years and +4.0% over 10 years.
  • What is CWEN gross margin?
    Clearway Energy Inc.'s gross profit was $1.01B on $1.57B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 64.4%.
  • What is CWEN free cash flow?
    Clearway Energy Inc. generated $671.00M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $1.02B less capital expenditures.
  • When did CWEN last report financial results?
    The latest statements here come from Clearway Energy Inc.'s 10-Q filed on Aug 5, 2026, covering the period ended Jun 30, 2026.
  • Where does this CWEN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Clearway Energy Inc. files with the SEC. It is provided for information only and is not investment advice.