NYAX vs CWAN

For growth investors, Clearwater Analytics Holdings, Inc.

(CWAN) is the stronger pick with 61. 9% revenue growth year-over-year, versus 38. 0% for Nayax Ltd. (NYAX). Nayax Ltd. (NYAX) offers the better valuation at 70. 6x trailing P/E (81. 1x forward), making it the more compelling value choice. Analysts rate Nayax Ltd. (NYAX) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Clearwater Analytics Holdings, Inc.

is actually cheaper at 34. 7x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Nayax Ltd.

(NYAX) delivered a total return of +157. 7%, compared to -4. 0% for Clearwater Analytics Holdings, Inc. (CWAN). Over 10 years, the gap is even starker: NYAX returned +157. 7% versus CWAN's -4. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Nayax Ltd.

(NYAX) is the lower-risk stock at 0. 72β versus Clearwater Analytics Holdings, Inc. 's 0. 79β — meaning CWAN is approximately 9% more volatile than NYAX relative to the S&P 500. On balance sheet safety, Clearwater Analytics Holdings, Inc. (CWAN) carries a lower debt/equity ratio of 43% versus 146% for Nayax Ltd. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Clearwater Analytics Holdings, Inc.

(CWAN) is pulling ahead at 61. 9% versus 38. 0% for Nayax Ltd. (NYAX). On earnings-per-share growth, the picture is similar: Nayax Ltd. grew EPS 737. 5% year-over-year, compared to -108. 3% for Clearwater Analytics Holdings, Inc.. Over a 3-year CAGR, NYAX leads at 35. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Nayax Ltd.

(NYAX) is the more profitable company, earning 8. 9% net margin versus -5. 3% for Clearwater Analytics Holdings, Inc. — meaning it keeps 8. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NYAX leads at 6. 9% versus 3. 8% for CWAN. At the gross margin level — before operating expenses — CWAN leads at 67. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Clearwater Analytics Holdings, Inc.

(CWAN) trades at 34. 7x forward P/E versus 81. 1x for Nayax Ltd. — 46. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CWAN: 2. 5% to $24. 96.

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

For long-horizon retirement investors, Nayax Ltd.

(NYAX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 72), +157. 7% 10Y return). Both have compounded well over 10 years (NYAX: +157. 7%, CWAN: -4. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.