Clearwater Analytics [CWAN] vs Altair Engineering [ALTR] Detailed Stock Comparison

Clearwater Analytics Holdings Inc.

NYSE
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Altair Engineering Inc.

NASDAQ
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Clearwater Analytics Holdings Inc. wins in 7 metrics, Altair Engineering Inc. wins in 11 metrics, with 0 ties. Altair Engineering Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Clearwater Analytics Holdings Inc. Altair Engineering Inc. Better
P/E Ratio (TTM) 14.84 699.06 Clearwater Analytics Holdings Inc.
Price-to-Book Ratio 3.48 11.17 Clearwater Analytics Holdings Inc.
Debt-to-Equity Ratio 42.36 30.23 Altair Engineering Inc.
PEG Ratio -0.15 78.77 Altair Engineering Inc.
EV/EBITDA 91.22 154.06 Clearwater Analytics Holdings Inc.
Profit Margin (TTM) -5.31% 2.13% Altair Engineering Inc.
Operating Margin (TTM) -3.10% 5.84% Altair Engineering Inc.
EBITDA Margin (TTM) N/A 5.84% N/A
Return on Equity -2.63% 1.81% Altair Engineering Inc.
Return on Assets (TTM) 0.03% 0.81% Altair Engineering Inc.
Free Cash Flow (TTM) $154.10M $140.00M Clearwater Analytics Holdings Inc.
1-Year Return 10.04% 29.83% Altair Engineering Inc.
Price-to-Sales Ratio (TTM) 9.83 14.47 Clearwater Analytics Holdings Inc.
Enterprise Value $7.90B $9.29B Altair Engineering Inc.
EV/Revenue Ratio 10.80 13.96 Clearwater Analytics Holdings Inc.
Gross Profit Margin (TTM) 67.24% 82.67% Altair Engineering Inc.
Revenue per Share (TTM) $3 $8 Altair Engineering Inc.
Earnings per Share (Diluted) $-0.14 $0.16 Altair Engineering Inc.
Beta (Stock Volatility) 0.64 1.45 Clearwater Analytics Holdings Inc.
Short % of Float 5.79% N/A N/A

Clearwater Analytics Holdings Inc. vs Altair Engineering Inc. Stock Performance Analysis

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CWAN
ALTR

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Clearwater Analytics Holdings Inc.-0.29%-0.53%-0.37%3.59%13.95%0.62%
Altair Engineering Inc.0.00%N/AN/AN/AN/AN/A

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Clearwater Analytics Holdings Inc.10.04%53.21%-4.10%-4.10%-4.10%-4.10%
Altair Engineering Inc.29.83%75.31%376.16%477.44%477.44%477.44%

Performance & Financial Health Analysis: Clearwater Analytics Holdings Inc. vs Altair Engineering Inc.

MetricCWANALTR
Market Information
Market Cap i$7.19B$9.63B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i3,112,221771,131
90 Day Avg. Volume i4,240,967772,784
Last Close$24.26$111.85
52 Week Range$15.73 - $24.43$75.71 - $113.12
% from 52W High-0.70%-1.12%
All-Time High$35.71 (Nov 04, 2024)$113.12 (Oct 28, 2024)
% from All-Time High-32.06%-1.12%
Growth Metrics
Quarterly Revenue Growth0.72%0.12%
Quarterly Earnings Growth0.72%-0.95%
Financial Health
Profit Margin (TTM) i-0.05%0.02%
Operating Margin (TTM) i-0.03%0.06%
Return on Equity (TTM) i-0.03%0.02%
Debt to Equity (MRQ) i42.3630.23
Cash & Liquidity
Book Value per Share (MRQ)$6.94$10.02
Cash per Share (MRQ)$0.31$6.55
Operating Cash Flow (TTM) i$175.90M$154.08M
Levered Free Cash Flow (TTM) i$175.08M$132.50M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Clearwater Analytics Holdings Inc. vs Altair Engineering Inc.

MetricCWAN (Apr 26, 2026)ALTR (Apr 30, 2025)
Price Ratios
P/E Ratio (TTM) i14.84699.06
Forward P/E i27.2078.77
PEG Ratio i-0.1578.77
Price to Sales (TTM) i9.8314.47
Price to Book (MRQ) i3.4811.17
Market Capitalization
Market Capitalization i$7.19B$9.63B
Enterprise Value i$7.90B$9.29B
Enterprise Value Metrics
Enterprise to Revenue i10.8013.96
Enterprise to EBITDA i91.22154.06
Risk & Other Metrics
Beta i0.641.45
Book Value per Share (MRQ) i$6.94$10.02

Financial Statements Comparison: Clearwater Analytics Holdings Inc. vs Altair Engineering Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricCWAN (2025)ALTR (2024)
Revenue/Sales i731.37M665.79M
Cost of Goods Sold i239.22M124.80M
COGS % of Revenue i32.7%18.7%
Gross Profit i492.15M540.99M
Gross Margin i67.3%81.3%
Research & Development i196.23M221.16M
Operating Income (EBIT) i-7.69M17.69M
Operating Margin i-1.1%2.7%
EBITDA i81.53M82.84M
EBITDA Margin i11.1%12.4%
Pre-Tax Income i-49.67M32.63M
Pre-Tax Income % of Revenue i-6.8%4.9%
Income Tax i-9.42M18.46M
Income Tax % of Revenue i-1.3%2.8%
Net Income (Profit) i-40.25M14.18M
Profit Margin i-5.5%2.1%

Balance Sheet & Liquidity Metrics

MetricCWAN (2025)ALTR (2024)
Cash & Equivalents i91.25M561.90M
Total Current Assets i295.57M784.98M
Total Current Assets % of Revenue i40.4%117.9%
Total Current Liabilities i161.34M487.77M
Total Current Liabilities % of Revenue i22.1%73.3%
Long-Term Debt i837.20M24.14M
Long-Term Debt % of Revenue i114.5%3.6%
Total Shareholders Equity i2.03B857.19M
Retained Earnings i259.96M-116.33M
Retained Earnings % of Revenue i35.5%-17.5%
Property, Plant & Equipment i34.30M31.12M

Cash Flow Statement Comparison

MetricCWAN (2025)ALTR (2024)
Operating Cash Flow i162.42M146.90M
Operating Cash Flow % of Revenue i22.2%22.1%
Capital Expenditures i-11.55MN/A
Free Cash Flow i154.10M140.00M
FCF Margin i21.1%21.0%
Debt Repayment i-154.06M-81.73M
Common Stock Repurchase i-18.05M0

Short Interest & Institutional Ownership Analysis

MetricCWANALTR
Shares Short i16.96MN/A
Short Ratio i3.69N/A
Short % of Float i5.79%N/A
Shares Outstanding i291.43M85.57M
Float Shares i290.88M47.95M
% Held by Insiders i1.19%2.00%
% Held by Institutions i104.68%92.53%
% Held by Public i-5.87%5.47%

Dividend Analysis & Yield Comparison: Clearwater Analytics Holdings Inc. vs Altair Engineering Inc.

MetricCWANALTR
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A