CWEN · Clearway Energy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $354.00M | - | $429.00M | $392.00M | $298.00M | - | $486.00M | $366.00M | $263.00M | - |
| Cost of Revenue | $134.00M | - | $128.00M | $131.00M | $122.00M | - | $135.00M | $117.00M | $126.00M | - |
| Gross Profit | $220.00M | - | $301.00M | $261.00M | $176.00M | - | $351.00M | $249.00M | $137.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $11.00M | - | $10.00M | $11.00M | $10.00M | - | $9.00M | $9.00M | $11.00M | - |
| Total Operating Expenses | $334.00M | - | $317.00M | $307.00M | $298.00M | - | $308.00M | $282.00M | $292.00M | - |
| D&A | $182.00M | - | $176.00M | $163.00M | $163.00M | - | $164.00M | $153.00M | $154.00M | - |
| Operating Income | $20.00M | - | $112.00M | $85.00M | $0 | - | $178.00M | $84.00M | ($29.00M) | - |
| Interest Expense | $101.00M | - | $98.00M | $83.00M | $116.00M | - | $139.00M | $88.00M | $57.00M | - |
| Income Tax | ($2.00M) | - | ($31.00M) | $5.00M | $0 | - | $33.00M | $10.00M | ($13.00M) | - |
| Net Income | ($163.00M) | - | $236.00M | $33.00M | $4.00M | - | $36.00M | $51.00M | ($2.00M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $325.00M | $231.00M | $251.00M | $260.00M | $297.00M | $332.00M | $292.00M | $226.00M | $478.00M | $535.00M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $87.00M | $75.00M | $71.00M | $70.00M | $67.00M | $64.00M | $63.00M | $60.00M | $58.00M | $55.00M |
| Accounts Payable | - | - | - | - | - | - | - | - | $123.00M | $130.00M |
| Current Assets | $1.06B | $1.15B | $1.06B | $1.19B | $1.04B | $1.07B | $1.05B | $1.02B | $1.50B | $1.56B |
| Total Assets | $16.93B | $16.66B | $16.07B | $16.03B | $14.65B | $14.33B | $14.25B | $14.52B | $14.86B | $14.70B |
| Current Liabilities | $955.00M | $1.02B | $687.00M | $834.00M | $684.00M | $718.00M | $661.00M | $701.00M | $874.00M | $906.00M |
| Long-term Debt | $8.50B | $7.90B | $8.08B | $8.25B | $7.23B | $6.75B | $6.73B | $6.80B | $7.58B | $7.48B |
| Total Liabilities | $11.36B | $10.74B | $10.28B | $10.45B | $9.23B | $8.77B | $8.62B | $8.80B | $9.81B | $9.71B |
| Stockholders' Equity | $5.50B | $5.81B | $5.71B | $5.54B | $5.42B | $5.56B | $5.62B | $5.71B | $5.04B | $4.99B |
| Retained Earnings | ($6.00M) | $213.00M | $372.00M | $188.00M | $207.00M | $254.00M | $301.00M | $314.00M | $311.00M | $361.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $401.00M | - | - | - | $95.00M | - | - | - | $81.00M | - |
| Investing Cash Flow | ($441.00M) | - | - | - | ($46.00M) | - | - | - | ($203.00M) | - |
| Financing Cash Flow | ($98.00M) | - | - | - | ($71.00M) | - | - | - | $34.00M | - |
| CapEx | $75.00M | - | - | - | $56.00M | - | - | - | $98.00M | - |
| Free Cash Flow | $326.00M | - | - | - | $39.00M | - | - | - | ($17.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 62.1% | - | 70.2% | 66.6% | 59.1% | - | 72.2% | 68.0% | 52.1% | - |
| Operating margin | 5.6% | - | 26.1% | 21.7% | 0.0% | - | 36.6% | 23.0% | -11.0% | - |
| EBITDA margin | 57.1% | - | 67.1% | 63.3% | 54.7% | - | 70.4% | 64.8% | 47.5% | - |
| Net margin | -46.0% | - | 55.0% | 8.4% | 1.3% | - | 7.4% | 13.9% | -0.8% | - |
| Free cash flow margin | 92.1% | - | - | - | 13.1% | - | - | - | -6.5% | - |
| FCF / Net income | -2.00 | - | - | - | 9.75 | - | - | - | 8.50 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.1% | - | 2.3% | 2.8% | 3.4% | - | 1.9% | 2.5% | 4.2% | - |
| Effective tax rate | - | - | -15.1% | 13.2% | 0.0% | - | 47.8% | 16.4% | - | - |
| Return on assets | -1.0% | - | 1.5% | 0.2% | 0.0% | - | 0.3% | 0.4% | -0.0% | - |
| Return on equity | -3.0% | - | 4.1% | 0.6% | 0.1% | - | 0.6% | 0.9% | -0.0% | - |
| Return on invested capital | 0.1% | - | 0.8% | 0.5% | 0.0% | - | 0.8% | 0.6% | -0.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.11 | 1.13 | 1.54 | 1.42 | 1.52 | 1.49 | 1.59 | 1.46 | 1.71 | 1.72 |
| Quick ratio | 1.02 | 1.06 | 1.44 | 1.34 | 1.42 | 1.40 | 1.49 | 1.37 | 1.65 | 1.66 |
| Cash ratio | 0.34 | 0.23 | 0.37 | 0.31 | 0.43 | 0.46 | 0.44 | 0.32 | 0.55 | 0.59 |
| Leverage | ||||||||||
| Debt / Equity | 1.55 | 1.36 | 1.41 | 1.49 | 1.33 | 1.21 | 1.20 | 1.19 | 1.50 | 1.50 |
| Debt / Assets | 0.50 | 0.47 | 0.50 | 0.51 | 0.49 | 0.47 | 0.47 | 0.47 | 0.51 | 0.51 |
| Debt / EBITDA | 42.10 | - | 28.07 | 33.27 | 44.36 | - | 19.68 | 28.68 | 60.63 | - |
| Interest coverage | 0.2x | - | 1.1x | 1.0x | 0.0x | - | 1.3x | 1.0x | -0.5x | - |
| Equity multiplier | 3.08 | 2.87 | 2.81 | 2.89 | 2.70 | 2.58 | 2.53 | 2.54 | 2.95 | 2.94 |
| Liabilities / Assets | 0.67 | 0.64 | 0.64 | 0.65 | 0.63 | 0.61 | 0.60 | 0.61 | 0.66 | 0.66 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.03 | 0.02 | 0.02 | - | 0.03 | 0.03 | 0.02 | - |
| Inventory turnover | 1.54 | - | 1.80 | 1.87 | 1.82 | - | 2.14 | 1.95 | 2.17 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 237d | - | 202d | 195d | 200d | - | 170d | 187d | 168d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | 356d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.8% | - | -11.7% | 7.1% | 13.3% | - | 31.0% | -9.9% | -8.7% | - |
| Revenue CAGR (3y) | 7.1% | - | 8.1% | 2.1% | 11.7% | - | 11.5% | -1.2% | 3.5% | - |
| Revenue CAGR (5y) | 8.4% | - | 5.3% | 3.6% | 2.9% | - | 10.4% | 5.2% | 3.9% | - |
| Gross profit growth (YoY) | 25.0% | - | -14.2% | 4.8% | 28.5% | - | 48.1% | -13.5% | -23.9% | - |
| Operating income growth (YoY) | - | - | -37.1% | 1.2% | - | - | 89.4% | -43.6% | - | - |
| Net income growth (YoY) | - | - | 555.6% | -35.3% | - | - | 800.0% | 34.2% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 735.9% | - | - | - | - | - | - | - | -30.8% | - |
| FCF CAGR (5y) | - | - | - | - | -2.4% | - | - | - | - | - |
| Book value growth (YoY) | 1.5% | 4.4% | 1.6% | -3.0% | 7.4% | 11.4% | 32.3% | 38.4% | 21.5% | 24.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.43B totalRenewables And Storage$1.14B · 79.6%
Flexible Generation$291.00M · 20.4%
Product / service
$303.00M totalCapacity Revenue$269.00M · 88.8%
Energy Revenue$30.00M · 9.9%
Products And Services Other$4.00M · 1.3%
Peer comparison
Same SIC group: Electric Services
Comparing Clearway Energy against the 5 most active filers in the same SIC group.
Dividends
$1.83/share trailing 12 months · +6.8% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.4680 |
| Mar 2, 2026 | $0.4600 |
| Dec 1, 2025 | $0.4530 |
| Sep 2, 2025 | $0.4460 |
| Jun 2, 2025 | $0.4380 |
| Mar 3, 2025 | $0.4310 |
| Dec 2, 2024 | $0.4240 |
| Sep 3, 2024 | $0.4170 |
| Jun 3, 2024 | $0.4100 |
| Feb 29, 2024 | $0.4030 |
| Nov 30, 2023 | $0.3960 |
| Aug 31, 2023 | $0.3890 |
| May 31, 2023 | $0.3820 |
| Feb 28, 2023 | $0.3750 |
| Nov 30, 2022 | $0.3670 |
| Aug 31, 2022 | $0.3600 |
| May 31, 2022 | $0.3540 |
| Feb 28, 2022 | $0.3470 |
| Nov 30, 2021 | $0.3400 |
| Aug 31, 2021 | $0.3350 |
| May 28, 2021 | $0.3290 |
| Feb 26, 2021 | $0.3240 |
| Nov 30, 2020 | $0.3180 |
| Aug 31, 2020 | $0.3130 |