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DC Infra·CWEN

Clearway Energy, Inc.

NYSE · US

Renewable and conventional independent power producer with wind, solar, storage, and natural gas generation assets.

AI relevance

Clean power and dispatchable generation exposure for data center power procurement and grid capacity growth.

DC Infra IPP

Price

$37.42

Change

+0.65 (+1.77%)

Market cap

$7.7B

52w range

$28–$42

Exchange

NYSE

Country

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Price chart

CWEN market performance

Daily close for Clearway Energy, Inc.

Latest close: $37.42
Range move: +$5.33 (+16.6%)
Range high: $41.26
Range low: $27.89
Latest volume: 8.7M
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

48 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$47.00

+25.6%

Target range

$41.00 - $60.00

Rating mix

Buy

16 ratings

Next FY revenue

$1.67B

2026-12-31

Next FY EPS

$-1.04

$-1.78 - $-0.20

Rating consensus16 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$1.67B	$1.63B - $1.71B	$-1.04	$-1.78 - $-0.20	$1.35B	$597.9M	-$92.1M	$50.0M	4 rev / 2 EPS
2027-12-31	$1.86B	$1.75B - $2.02B	$1.12	$0.39 - $1.72	$1.51B	$664.9M	$112.7M	$55.6M	5 rev / 3 EPS
2028-12-31	$2.06B	$2.06B - $2.06B	$1.48	$0.75 - $2.75	$1.66B	$734.3M	$133.2M	$61.4M	5 rev / 3 EPS
2029-12-31	$2.17B	$2.08B - $2.30B	$4.03	$3.80 - $4.33	$1.76B	$776.6M	$479.1M	$64.9M	2 rev / 1 EPS
2030-12-31	$2.31B	$2.21B - $2.45B	$4.35	$4.11 - $4.68	$1.87B	$826.6M	$517.6M	$69.1M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$474.9M	$460.8M - $488.3M	$0.35	$0.05 - $0.67	$384.3M	$169.7M	$41.6M	$14.2M	4 rev / 2 EPS
2026-09-30	$512.4M	$497.0M - $525.5M	$0.67	$0.09 - $1.01	$414.6M	$183.0M	$79.4M	$15.3M	4 rev / 2 EPS
2026-12-31	$365.5M	$348.2M - $380.7M	$-0.44	$-0.46 - $-0.41	$295.8M	$130.6M	-$51.9M	$10.9M	3 rev / 1 EPS
2027-03-31	$370.4M	$352.9M - $385.7M	$-0.35	$-0.37 - $-0.33	$299.7M	$132.3M	-$41.6M	$11.1M	3 rev / 1 EPS
2027-06-30	$523.6M	$498.9M - $545.3M	$0.77	$0.72 - $0.81	$423.7M	$187.0M	$91.9M	$15.6M	2 rev / 1 EPS
2027-09-30	$557.0M	$530.6M - $580.0M	$0.75	$0.70 - $0.79	$450.7M	$199.0M	$88.9M	$16.6M	2 rev / 1 EPS
2027-12-31	$382.3M	$364.3M - $398.2M	$-0.24	$-0.25 - $-0.22	$309.4M	$136.6M	-$28.0M	$11.4M	3 rev / 1 EPS
2028-03-31	$411.9M	$392.4M - $428.9M	$-0.08	$-0.08 - $-0.07	$333.3M	$147.1M	-$9.2M	$12.3M	2 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	1	$60.00
Last quarter	3	$52.33
Last year	14	$42.50
All time	20	$40.40

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-27	Morgan Stanley	Maintain	Overweight	Overweight
2026-03-05	Evercore ISI Group	Maintain	In Line	In Line
2026-02-24	Roth Capital	Maintain	Buy	Buy
2026-02-24	RBC Capital	Maintain	Outperform	Outperform
2025-12-17	CIBC	Upgrade	Neutral	Outperform
2025-12-02	Morgan Stanley	Maintain	Overweight	Overweight
2025-11-24	Roth Capital	Maintain	Buy	Buy
2025-11-05	Roth Capital	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	3	7	1
2026-05-01	3	8	1
2026-04-01	3	9	2
2026-03-01	3	9	2
2026-02-01	3	9	2
2026-01-01	1	3	0
2025-12-01	1	3	0
2025-11-01	1	3	0

FinancialsFY 2025

Financials

Revenue

$1.43B

Gross margin

15.2%

Operating income

$176.0M

Free cash flow

$369.0M

Cash + ST investments

$818.0M

Net debt

$9.38B

ROE

8.8%

ROIC

1.1%

EV / sales

9.3x

EV / EBITDA

12.2x

R&D / revenue

0.0%

Current ratio

1.1x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$1.43B	$217.0M	15.2%	$0	$176.0M	$1.10B	$169.0M	$1.42
FY 2024	$1.37B	$870.0M	63.5%	$0	$196.0M	$1.08B	$88.0M	$0.75
FY 2023	$1.31B	$841.0M	64.0%	$0	$263.0M	$1.03B	$79.0M	$0.67
FY 2022	$1.19B	$755.0M	63.4%	$2.0M	$1.47B	$2.20B	$582.0M	$4.99
FY 2021	$1.29B	$835.0M	64.9%	$6.0M	$267.0M	$904.0M	$51.0M	$0.44
FY 2020	$1.20B	$833.0M	69.5%	$5.0M	$333.0M	$879.0M	$25.0M	$0.22
FY 2019	$1.03B	$695.0M	67.3%	$5.0M	$224.0M	$772.0M	-$11.0M	$-0.10
FY 2018	$1.05B	$721.0M	68.5%	$3.0M	$347.0M	$824.0M	$48.0M	$0.46
FY 2017	$1.01B	$683.0M	67.7%	$0	$283.0M	$755.0M	-$16.0M	$-0.16
FY 2016	$1.02B	$715.0M	70.0%	$0	$218.0M	$679.0M	$57.0M	$0.58
FY 2015	$953.0M	$632.0M	66.3%	$0	$320.0M	$723.0M	$33.0M	$0.40
FY 2014	$689.0M	$450.0M	65.3%	$0	$272.0M	$499.0M	$16.0M	$0.29

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$688.0M	$319.0M	$369.0M
FY 2024	$770.0M	$287.0M	$483.0M
FY 2023	$702.0M	$294.0M	$408.0M
FY 2022	$787.0M	$112.0M	$675.0M
FY 2021	$701.0M	$151.0M	$550.0M
FY 2020	$545.0M	$124.0M	$421.0M
FY 2019	$477.0M	$228.0M	$249.0M
FY 2018	$498.0M	$83.0M	$415.0M
FY 2017	$516.0M	$31.0M	$485.0M
FY 2016	$560.0M	$20.0M	$540.0M
FY 2015	$405.0M	$29.0M	$376.0M
FY 2014	$293.0M	$33.0M	$260.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$818.0M	$163.0M	$75.0M	$12.31B	$16.66B	$10.20B	$9.38B	$10.74B	$1.92B
FY 2024	$332.0M	$164.0M	$64.0M	$10.49B	$14.33B	$7.75B	$7.42B	$8.77B	$2.06B
FY 2023	$535.0M	$345.0M	$55.0M	$10.12B	$14.70B	$8.66B	$8.13B	$9.71B	$2.10B
FY 2022	$657.0M	$153.0M	$47.0M	$7.95B	$12.31B	$7.36B	$6.70B	$8.28B	$2.23B
FY 2021	$179.0M	$144.0M	$37.0M	$8.20B	$12.81B	$8.27B	$8.09B	$9.51B	$1.83B
FY 2020	$268.0M	$143.0M	$42.0M	$7.55B	$10.59B	$7.31B	$7.05B	$7.88B	$1.82B
FY 2019	$417.0M	$118.0M	$40.0M	$6.29B	$9.93B	$7.01B	$6.60B	$7.66B	$1.85B
FY 2018	$407.0M	$104.0M	$40.0M	$5.25B	$8.50B	$5.98B	$5.58B	$6.28B	$1.82B
FY 2017	$148.0M	$108.0M	$39.0M	$5.20B	$8.28B	$5.84B	$5.69B	$6.14B	$1.75B
FY 2016	$317.0M	$111.0M	$39.0M	$5.46B	$8.38B	$5.71B	$5.39B	$6.01B	$1.85B
FY 2015	$111.0M	$118.0M	$36.0M	$5.88B	$8.69B	$5.59B	$5.48B	$5.95B	$1.84B
FY 2014	$406.0M	$118.0M	$27.0M	$4.47B	$6.96B	$4.79B	$4.38B	$5.08B	$1.23B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	15.2%	12.3%	11.8%	1.1x	1.1x	8.8%	1.1%	9.3x	12.2x	9.3%	0.0%	26d
FY 2024	63.5%	14.3%	6.4%	1.5x	1.4x	4.3%	1.4%	7.6x	9.7x	15.7%	0.0%	8d
FY 2023	64.0%	20.0%	6.0%	1.7x	1.7x	3.8%	1.6%	8.6x	11.0x	12.7%	0.0%	14d
FY 2022	63.4%	123.5%	48.9%	2.1x	2.0x	26.1%	10.1%	8.8x	4.7x	18.1%	0.2%	22d
FY 2021	64.9%	20.8%	4.0%	0.9x	0.9x	2.8%	2.2%	9.6x	13.6x	13.0%	0.5%	-76d
FY 2020	69.5%	27.8%	2.1%	1.1x	1.1x	1.4%	3.2%	8.9x	12.2x	11.5%	0.4%	-3d
FY 2019	67.3%	21.7%	-1.1%	0.3x	0.3x	-0.6%	2.1%	8.5x	11.4x	11.5%	0.5%	5d
FY 2018	68.5%	33.0%	4.6%	1.1x	1.0x	2.6%	1.9%	7.0x	8.9x	23.1%	0.3%	10d
FY 2017	67.7%	28.0%	-1.6%	1.0x	0.9x	-0.9%	-1.6%	7.5x	10.0x	25.9%	0.0%	-24d
FY 2016	70.0%	21.4%	5.6%	1.4x	1.3x	3.1%	2.5%	6.8x	10.2x	34.9%	0.0%	11d
FY 2015	66.3%	33.6%	3.5%	0.9x	0.8x	1.8%	3.2%	7.1x	9.3x	30.3%	0.0%	-38d
FY 2014	65.3%	39.5%	2.3%	1.6x	1.5x	1.3%	3.9%	8.3x	11.4x	19.6%	0.0%	75d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+4.2%	-75.1%	0.0%	-10.2%	+92.0%	+89.3%	-23.6%	-11.1%	+146.4%	+17.2%	+16.2%	+31.6%
FY 2024	+4.3%	+3.4%	0.0%	-25.5%	+11.4%	+11.9%	+18.4%	+2.4%	-37.9%	+16.4%	-2.5%	-10.6%
FY 2023	+10.4%	+11.4%	-100.0%	-82.1%	-86.4%	-86.6%	-39.6%	-162.5%	-18.6%	+17.0%	+19.4%	+17.7%
FY 2022	-7.5%	-9.6%	-66.7%	+450.6%	+1041.2%	+1034.1%	+22.7%	+25.8%	+267.0%	+27.0%	-3.9%	-11.0%
FY 2021	+7.3%	+0.2%	+20.0%	-19.8%	+104.0%	+100.0%	+30.6%	-21.8%	-33.2%	-11.9%	+21.0%	+13.1%
FY 2020	+16.2%	+19.9%	0.0%	+48.7%	+327.3%	+320.0%	+69.1%	+45.6%	-35.7%	+5.0%	+6.7%	+4.3%
FY 2019	-2.0%	-3.6%	+66.7%	-35.4%	-122.9%	-121.7%	-40.0%	-174.7%	+2.5%	0.0%	+16.8%	+17.3%
FY 2018	+4.4%	+5.6%	0.0%	+22.6%	+400.0%	+387.5%	-14.4%	-167.7%	+175.0%	+2.6%	+2.6%	+2.5%
FY 2017	-1.2%	-4.5%	0.0%	+29.8%	-128.1%	-127.6%	-10.2%	-55.0%	-53.3%	0.0%	-1.2%	+2.3%
FY 2016	+7.1%	+13.1%	0.0%	-31.9%	+72.7%	+45.0%	+43.6%	+31.0%	+185.6%	+8.3%	-3.5%	+2.1%
FY 2015	+38.3%	+40.4%	0.0%	+17.6%	+106.3%	+37.9%	+44.6%	+12.1%	-72.7%	+33.3%	+24.8%	+16.8%
FY 2014	+120.1%	+141.9%	0.0%	+112.5%	+23.1%	+3.6%	+368.0%	+86.1%	+1027.8%	+92.9%	+201.1%	+322.5%

SegmentsFY 2025

Revenue Mix

Period	Total	Energy Revenue	Capacity Revenue	Renewables	Conventional Generation	Operating Revenues	Thermal	Products And Services, Other	Corporate Segment
FY 2025	$1.64B	$1.20B	$369.0M	--	--	--	--	$76.0M	--
FY 2024	$1.59B	$1.17B	$327.0M	--	--	--	--	$90.0M	--
FY 2023	$1.48B	$1.02B	$359.0M	--	--	--	--	$99.0M	--
FY 2022	$1.55B	$1.01B	$455.0M	--	--	--	--	$82.0M	--
FY 2021	$1.52B	$915.0M	$510.0M	--	--	--	--	$92.0M	--
FY 2020	$1.29B	$720.0M	$514.0M	--	--	--	--	$53.0M	--
FY 2019	$864.0M	--	--	--	--	$864.0M	--	--	--
FY 2018	$39.0M	--	--	--	--	--	--	$39.0M	--
FY 2017	$1.01B	--	--	$501.0M	$336.0M	--	$172.0M	--	$0
FY 2016	$1.02B	--	--	$518.0M	$333.0M	--	$170.0M	--	$0
FY 2015	$869.0M	--	--	$359.0M	$336.0M	--	$174.0M	--	$0
FY 2014	$583.0M	--	--	$144.0M	$244.0M	--	$195.0M	--	$0

Transcripts

Events

Next earnings

2026-08-04EPS est $0.36

Recent filings

42026-06-16
42026-06-16
SC 13G/A2026-06-04

Latest news

Why Clearway Energy (CWEN) Dipped More Than Broader Market Today
Zacks Investment Research · 2026-06-16
Dividend Champion, Contender, And Challenger Highlights: Week Of June 7
Seeking Alpha · 2026-06-05

Analyst expectations

Consensus target

$47.00

+25.6%

Target range

$41.00 - $60.00

Rating mix

Buy

16 ratings

Next FY revenue

$1.67B

2026-12-31

Next FY EPS

$-1.04

$-1.78 - $-0.20

Rating consensus16 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$1.67B	$1.63B - $1.71B	$-1.04	$-1.78 - $-0.20	$1.35B	$597.9M	-$92.1M	$50.0M	4 rev / 2 EPS
2027-12-31	$1.86B	$1.75B - $2.02B	$1.12	$0.39 - $1.72	$1.51B	$664.9M	$112.7M	$55.6M	5 rev / 3 EPS
2028-12-31	$2.06B	$2.06B - $2.06B	$1.48	$0.75 - $2.75	$1.66B	$734.3M	$133.2M	$61.4M	5 rev / 3 EPS
2029-12-31	$2.17B	$2.08B - $2.30B	$4.03	$3.80 - $4.33	$1.76B	$776.6M	$479.1M	$64.9M	2 rev / 1 EPS
2030-12-31	$2.31B	$2.21B - $2.45B	$4.35	$4.11 - $4.68	$1.87B	$826.6M	$517.6M	$69.1M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$474.9M	$460.8M - $488.3M	$0.35	$0.05 - $0.67	$384.3M	$169.7M	$41.6M	$14.2M	4 rev / 2 EPS
2026-09-30	$512.4M	$497.0M - $525.5M	$0.67	$0.09 - $1.01	$414.6M	$183.0M	$79.4M	$15.3M	4 rev / 2 EPS
2026-12-31	$365.5M	$348.2M - $380.7M	$-0.44	$-0.46 - $-0.41	$295.8M	$130.6M	-$51.9M	$10.9M	3 rev / 1 EPS
2027-03-31	$370.4M	$352.9M - $385.7M	$-0.35	$-0.37 - $-0.33	$299.7M	$132.3M	-$41.6M	$11.1M	3 rev / 1 EPS
2027-06-30	$523.6M	$498.9M - $545.3M	$0.77	$0.72 - $0.81	$423.7M	$187.0M	$91.9M	$15.6M	2 rev / 1 EPS
2027-09-30	$557.0M	$530.6M - $580.0M	$0.75	$0.70 - $0.79	$450.7M	$199.0M	$88.9M	$16.6M	2 rev / 1 EPS
2027-12-31	$382.3M	$364.3M - $398.2M	$-0.24	$-0.25 - $-0.22	$309.4M	$136.6M	-$28.0M	$11.4M	3 rev / 1 EPS
2028-03-31	$411.9M	$392.4M - $428.9M	$-0.08	$-0.08 - $-0.07	$333.3M	$147.1M	-$9.2M	$12.3M	2 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	1	$60.00
Last quarter	3	$52.33
Last year	14	$42.50
All time	20	$40.40

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-27	Morgan Stanley	Maintain	Overweight	Overweight
2026-03-05	Evercore ISI Group	Maintain	In Line	In Line
2026-02-24	Roth Capital	Maintain	Buy	Buy
2026-02-24	RBC Capital	Maintain	Outperform	Outperform
2025-12-17	CIBC	Upgrade	Neutral	Outperform
2025-12-02	Morgan Stanley	Maintain	Overweight	Overweight
2025-11-24	Roth Capital	Maintain	Buy	Buy
2025-11-05	Roth Capital	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	3	7	1
2026-05-01	3	8	1
2026-04-01	3	9	2
2026-03-01	3	9	2
2026-02-01	3	9	2
2026-01-01	1	3	0
2025-12-01	1	3	0
2025-11-01	1	3	0

Financials

Revenue

$1.43B

Gross margin

15.2%

Operating income

$176.0M

Free cash flow

$369.0M

Cash + ST investments

$818.0M

Net debt

$9.38B

ROE

8.8%

ROIC

1.1%

EV / sales

9.3x

EV / EBITDA

12.2x

R&D / revenue

0.0%

Current ratio

1.1x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$1.43B	$217.0M	15.2%	$0	$176.0M	$1.10B	$169.0M	$1.42
FY 2024	$1.37B	$870.0M	63.5%	$0	$196.0M	$1.08B	$88.0M	$0.75
FY 2023	$1.31B	$841.0M	64.0%	$0	$263.0M	$1.03B	$79.0M	$0.67
FY 2022	$1.19B	$755.0M	63.4%	$2.0M	$1.47B	$2.20B	$582.0M	$4.99
FY 2021	$1.29B	$835.0M	64.9%	$6.0M	$267.0M	$904.0M	$51.0M	$0.44
FY 2020	$1.20B	$833.0M	69.5%	$5.0M	$333.0M	$879.0M	$25.0M	$0.22
FY 2019	$1.03B	$695.0M	67.3%	$5.0M	$224.0M	$772.0M	-$11.0M	$-0.10
FY 2018	$1.05B	$721.0M	68.5%	$3.0M	$347.0M	$824.0M	$48.0M	$0.46
FY 2017	$1.01B	$683.0M	67.7%	$0	$283.0M	$755.0M	-$16.0M	$-0.16
FY 2016	$1.02B	$715.0M	70.0%	$0	$218.0M	$679.0M	$57.0M	$0.58
FY 2015	$953.0M	$632.0M	66.3%	$0	$320.0M	$723.0M	$33.0M	$0.40
FY 2014	$689.0M	$450.0M	65.3%	$0	$272.0M	$499.0M	$16.0M	$0.29

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$688.0M	$319.0M	$369.0M
FY 2024	$770.0M	$287.0M	$483.0M
FY 2023	$702.0M	$294.0M	$408.0M
FY 2022	$787.0M	$112.0M	$675.0M
FY 2021	$701.0M	$151.0M	$550.0M
FY 2020	$545.0M	$124.0M	$421.0M
FY 2019	$477.0M	$228.0M	$249.0M
FY 2018	$498.0M	$83.0M	$415.0M
FY 2017	$516.0M	$31.0M	$485.0M
FY 2016	$560.0M	$20.0M	$540.0M
FY 2015	$405.0M	$29.0M	$376.0M
FY 2014	$293.0M	$33.0M	$260.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$818.0M	$163.0M	$75.0M	$12.31B	$16.66B	$10.20B	$9.38B	$10.74B	$1.92B
FY 2024	$332.0M	$164.0M	$64.0M	$10.49B	$14.33B	$7.75B	$7.42B	$8.77B	$2.06B
FY 2023	$535.0M	$345.0M	$55.0M	$10.12B	$14.70B	$8.66B	$8.13B	$9.71B	$2.10B
FY 2022	$657.0M	$153.0M	$47.0M	$7.95B	$12.31B	$7.36B	$6.70B	$8.28B	$2.23B
FY 2021	$179.0M	$144.0M	$37.0M	$8.20B	$12.81B	$8.27B	$8.09B	$9.51B	$1.83B
FY 2020	$268.0M	$143.0M	$42.0M	$7.55B	$10.59B	$7.31B	$7.05B	$7.88B	$1.82B
FY 2019	$417.0M	$118.0M	$40.0M	$6.29B	$9.93B	$7.01B	$6.60B	$7.66B	$1.85B
FY 2018	$407.0M	$104.0M	$40.0M	$5.25B	$8.50B	$5.98B	$5.58B	$6.28B	$1.82B
FY 2017	$148.0M	$108.0M	$39.0M	$5.20B	$8.28B	$5.84B	$5.69B	$6.14B	$1.75B
FY 2016	$317.0M	$111.0M	$39.0M	$5.46B	$8.38B	$5.71B	$5.39B	$6.01B	$1.85B
FY 2015	$111.0M	$118.0M	$36.0M	$5.88B	$8.69B	$5.59B	$5.48B	$5.95B	$1.84B
FY 2014	$406.0M	$118.0M	$27.0M	$4.47B	$6.96B	$4.79B	$4.38B	$5.08B	$1.23B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	15.2%	12.3%	11.8%	1.1x	1.1x	8.8%	1.1%	9.3x	12.2x	9.3%	0.0%	26d
FY 2024	63.5%	14.3%	6.4%	1.5x	1.4x	4.3%	1.4%	7.6x	9.7x	15.7%	0.0%	8d
FY 2023	64.0%	20.0%	6.0%	1.7x	1.7x	3.8%	1.6%	8.6x	11.0x	12.7%	0.0%	14d
FY 2022	63.4%	123.5%	48.9%	2.1x	2.0x	26.1%	10.1%	8.8x	4.7x	18.1%	0.2%	22d
FY 2021	64.9%	20.8%	4.0%	0.9x	0.9x	2.8%	2.2%	9.6x	13.6x	13.0%	0.5%	-76d
FY 2020	69.5%	27.8%	2.1%	1.1x	1.1x	1.4%	3.2%	8.9x	12.2x	11.5%	0.4%	-3d
FY 2019	67.3%	21.7%	-1.1%	0.3x	0.3x	-0.6%	2.1%	8.5x	11.4x	11.5%	0.5%	5d
FY 2018	68.5%	33.0%	4.6%	1.1x	1.0x	2.6%	1.9%	7.0x	8.9x	23.1%	0.3%	10d
FY 2017	67.7%	28.0%	-1.6%	1.0x	0.9x	-0.9%	-1.6%	7.5x	10.0x	25.9%	0.0%	-24d
FY 2016	70.0%	21.4%	5.6%	1.4x	1.3x	3.1%	2.5%	6.8x	10.2x	34.9%	0.0%	11d
FY 2015	66.3%	33.6%	3.5%	0.9x	0.8x	1.8%	3.2%	7.1x	9.3x	30.3%	0.0%	-38d
FY 2014	65.3%	39.5%	2.3%	1.6x	1.5x	1.3%	3.9%	8.3x	11.4x	19.6%	0.0%	75d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+4.2%	-75.1%	0.0%	-10.2%	+92.0%	+89.3%	-23.6%	-11.1%	+146.4%	+17.2%	+16.2%	+31.6%
FY 2024	+4.3%	+3.4%	0.0%	-25.5%	+11.4%	+11.9%	+18.4%	+2.4%	-37.9%	+16.4%	-2.5%	-10.6%
FY 2023	+10.4%	+11.4%	-100.0%	-82.1%	-86.4%	-86.6%	-39.6%	-162.5%	-18.6%	+17.0%	+19.4%	+17.7%
FY 2022	-7.5%	-9.6%	-66.7%	+450.6%	+1041.2%	+1034.1%	+22.7%	+25.8%	+267.0%	+27.0%	-3.9%	-11.0%
FY 2021	+7.3%	+0.2%	+20.0%	-19.8%	+104.0%	+100.0%	+30.6%	-21.8%	-33.2%	-11.9%	+21.0%	+13.1%
FY 2020	+16.2%	+19.9%	0.0%	+48.7%	+327.3%	+320.0%	+69.1%	+45.6%	-35.7%	+5.0%	+6.7%	+4.3%
FY 2019	-2.0%	-3.6%	+66.7%	-35.4%	-122.9%	-121.7%	-40.0%	-174.7%	+2.5%	0.0%	+16.8%	+17.3%
FY 2018	+4.4%	+5.6%	0.0%	+22.6%	+400.0%	+387.5%	-14.4%	-167.7%	+175.0%	+2.6%	+2.6%	+2.5%
FY 2017	-1.2%	-4.5%	0.0%	+29.8%	-128.1%	-127.6%	-10.2%	-55.0%	-53.3%	0.0%	-1.2%	+2.3%
FY 2016	+7.1%	+13.1%	0.0%	-31.9%	+72.7%	+45.0%	+43.6%	+31.0%	+185.6%	+8.3%	-3.5%	+2.1%
FY 2015	+38.3%	+40.4%	0.0%	+17.6%	+106.3%	+37.9%	+44.6%	+12.1%	-72.7%	+33.3%	+24.8%	+16.8%
FY 2014	+120.1%	+141.9%	0.0%	+112.5%	+23.1%	+3.6%	+368.0%	+86.1%	+1027.8%	+92.9%	+201.1%	+322.5%

Revenue Mix