Clearway Energy, Inc. (CWEN) 10-Year Financial Performance & Capital Metrics

CWEN • • Utilities

UtilitiesRenewable EnergyRenewable Utilities and Asset Owners

AboutClearway Energy, Inc. operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.Show more

Revenue $1.43B +4.2%
EBITDA $1.06B +5.6%
Net Income $169M +92.0%
Free Cash Flow $369M +720.0%
EBITDA Margin 74.25% +1.3%
Net Margin 11.83% +84.3%
ROE 2.94% +76.7%
Interest Coverage 0.45 -28.8%
Debt/Equity 1.72 +23.8%
Net Debt/EBITDA 8.84 +19.8%
CapEx / Revenue 22.32% -57.8%
CapEx Coverage 2.16 +103.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 46.6%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.1%
✗High leverage: 9.6x Debt/EBITDA
✗Weak interest coverage of 0.5x
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.13%

5Y3.57%

3Y6.29%

TTM4.23%

Profit (Net Income) CAGR

10Y17.74%

5Y46.55%

3Y-33.78%

TTM92.05%

EPS CAGR

10Y13.51%

5Y45.2%

3Y-34.22%

TTM92.44%

ROCE

10Y Avg3.74%

5Y Avg4.01%

3Y Avg1.57%

Latest1.2%

Peer Comparison

Renewable Utilities and Asset Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXIAAXIA Energia S.A.	23.87B	12.08	74.24	0.19%	-1.84%	-0.44%	0.56%	0.64
CWENClearway Energy, Inc.	1.59B	38.31	26.98	4.23%	11.83%	2.86%	23.17%	1.72
BEPCBrookfield Renewable Corporation	6.19B	42.73	26.21	4.41%	-23.22%	-8.32%		1.16
AQNAlgonquin Power & Utilities Corp.	5.36B	6.98	-3.86	-3.51%	-57.66%	-26.75%		1.08
ELLOEllomay Capital Ltd.	331.95M	24.09	-40.05	-17.13%	2.56%	0.57%		4.03
BEPBrookfield Renewable Partners L.P.	9.72B	31.78	-471.51	10.95%	3.3%	0.61%		1.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	1.02B	1.01B	1.05B	1.03B	1.2B	1.29B	1.19B	1.31B	1.37B	1.43B
Revenue Growth %	7.14%	-1.18%	4.36%	-1.99%	16.18%	7.26%	-7.46%	10.42%	4.34%	4.23%
Cost of Revenue	306M	326M	332M	337M	366M	451M	435M	473M	501M	1.21B
Gross Profit+	715M	683M	721M	695M	833M	835M	755M	841M	870M	217M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	13.13%	-4.48%	5.56%	-3.61%	19.86%	0.24%	-9.58%	11.39%	3.45%	-75.06%
Operating Expenses+	313M	353M	354M	471M	500M	568M	-715M	578M	674M	41M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	597M	687M	748M	696M	851M	922M	2.15B	974M	1B	1.06B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-11.29%	15.08%	8.88%	-6.95%	22.27%	8.34%	133.62%	-54.78%	3.18%	5.57%
Depreciation & Amortization+	379M	404M	401M	472M	518M	655M	684M	711M	809M	885M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	218M	283M	347M	224M	333M	267M	1.47B	263M	196M	176M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-31.87%	29.82%	22.61%	-35.45%	48.66%	-19.82%	450.56%	-82.11%	-25.48%	-10.2%
Interest Expense+	284M	306M	306M	404M	415M	312M	232M	337M	307M	387M
Interest Coverage	0.77x	0.92x	1.13x	0.55x	0.80x	0.86x	6.34x	0.78x	0.64x	0.45x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-16M	49M	116M	-104M	-54M	-63M	1.28B	-16M	-33M	-175M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-1M	72M	62M	-8M	8M	12M	222M	-2M	30M	56M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	57M	-16M	48M	-11M	25M	51M	582M	79M	88M	169M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	72.73%	-128.07%	400%	-122.92%	327.27%	104%	1041.18%	-86.43%	11.39%	92.05%
EPS (Diluted)+	0.58	-0.16	0.46	-0.10	0.22	0.44	4.99	0.67	0.75	1.42
EPS Growth %	45%	-127.59%	387.5%	-121.74%	320%	100%	1034.09%	-86.57%	11.94%	89.33%
EPS (Basic)	0.58	-0.16	0.46	-0.10	0.22	0.44	4.99	0.67	0.75	1.42
Diluted Shares Outstanding	98M	99M	104M	109M	116M	117M	117M	117M	118M	119M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	8.38B	8.28B	8.5B	9.93B	10.59B	12.81B	12.31B	14.7B	14.33B	16.66B
Asset Growth %	-3.52%	-1.19%	2.62%	16.79%	6.7%	20.97%	-3.91%	19.4%	-2.53%	16.23%
PP&E (Net)+	5.46B	5.2B	5.25B	6.29B	7.55B	8.2B	7.95B	10.12B	10.49B	12.31B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	645M	482M	756M	608M	708M	1.53B	1.28B	1.56B	1.07B	1.15B
Cash & Equivalents	317M	148M	407M	417M	268M	179M	657M	535M	332M	818M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	39M	39M	40M	40M	42M	37M	47M	55M	64M	75M
Other Current Assets	176M	168M	205M	33M	197M	1.11B	365M	625M	507M	96M
Long-Term Investments	710M	1.18B	1.17B	1.18B	741M	381M	364M	360M	309M	291M
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.29B	1.23B	1.16B	1.43B	1.37B	2.5B	2.56B	2.37B	2.19B	2.29B
Other Assets	66M	63M	114M	103M	115M	107M	159M	284M	269M	436M
Total Liabilities	6.01B	6.14B	6.28B	7.66B	7.88B	9.51B	8.28B	9.71B	8.77B	10.74B
Total Debt+	5.71B	5.84B	5.98B	7.01B	7.31B	8.27B	7.36B	8.66B	7.75B	10.2B
Net Debt	5.39B	5.69B	5.58B	6.6B	7.05B	8.09B	6.7B	8.13B	7.42B	9.38B
Long-Term Debt	5.43B	5.53B	5.45B	4.16B	6.58B	6.94B	6.49B	7.48B	6.75B	8.69B
Short-Term Borrowings	282M	306M	535M	1.83B	384M	772M	322M	558M	430M	708M
Capital Lease Obligations	0	0	845M	1.03B	345M	561M	548M	627M	569M	796M
Total Current Liabilities+	459M	486M	704M	2.06B	634M	1.63B	617M	906M	718M	1.02B
Accounts Payable	63M	95M	64M	74M	89M	181M	77M	161M	113M	127M
Accrued Expenses	86M	88M	101M	0	123M	138M	168M	136M	119M	0
Deferred Revenue	85M	88M	101M	0	0	0	0	0	0	0
Other Current Liabilities	74M	51M	4M	152M	38M	540M	50M	51M	56M	183M
Deferred Taxes	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Liabilities	128M	128M	-720M	197M	313M	369M	505M	568M	640M	188M
Total Equity+	2.37B	2.14B	2.22B	2.26B	2.71B	3.3B	4.03B	4.99B	5.56B	5.91B
Equity Growth %	-13.44%	-9.79%	4.02%	1.75%	19.97%	21.55%	22.18%	23.86%	11.39%	6.31%
Shareholders Equity	1.85B	1.75B	1.82B	1.85B	1.82B	1.83B	2.23B	2.1B	2.06B	1.92B
Minority Interest	520M	391M	402M	413M	890M	1.47B	1.8B	2.89B	3.5B	3.99B
Common Stock	1M	1M	1M	1M	1M	1M	0	0	0	1M
Additional Paid-in Capital	1.88B	1.84B	1.9B	1.94B	1.92B	1.87B	1.76B	1.73B	1.8B	1.72B
Retained Earnings	-2M	-69M	-58M	-72M	-84M	-33M	463M	361M	254M	213M
Accumulated OCI	-28M	-28M	-18M	-15M	-14M	-6M	9M	7M	3M	-5M
Return on Assets (ROA)	0.67%	-0.19%	0.57%	-0.12%	0.24%	0.44%	4.63%	0.58%	0.61%	1.09%
Return on Equity (ROE)	2.23%	-0.71%	2.2%	-0.49%	1%	1.7%	15.88%	1.75%	1.67%	2.94%
Debt / Equity	2.41x	2.73x	2.69x	3.10x	2.69x	2.51x	1.83x	1.73x	1.39x	1.72x
Debt / Assets	68.09%	70.47%	70.38%	70.66%	69.05%	64.56%	59.79%	58.93%	54.08%	61.23%
Net Debt / EBITDA	9.03x	8.28x	7.45x	9.48x	8.28x	8.78x	3.11x	8.35x	7.38x	8.84x
Book Value per Share	24.18	21.6	21.38	20.76	23.41	28.21	34.46	42.68	47.14	49.7

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	560M	516M	498M	477M	545M	701M	787M	702M	770M	688M
Operating CF Growth %	38.27%	-7.86%	-3.49%	-4.22%	14.26%	28.62%	12.27%	-10.8%	9.69%	-10.65%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-15M	-23M	54M	-96M	-62M	51M	582M	-14M	-63M	169M
Depreciation & Amortization	375M	404M	401M	472M	518M	664M	701M	711M	809M	885M
Deferred Taxes	-1M	72M	62M	-8M	8M	12M	194M	13M	25M	53M
Other Non-Cash Items	20M	25M	24M	126M	75M	-17M	-708M	62M	46M	-389M
Working Capital Changes	-1M	-10M	-30M	-17M	6M	-9M	18M	-70M	-47M	-30M
Capital Expenditures+	-161M	-283M	-185M	-468M	-124M	-151M	1.13B	-523M	-725M	-319M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-161M	-283M	-185M	-468M	-62M	88M	1.13B	-523M	-725M	321M
Acquisitions	-129M	-276M	-126M	-266M	-37M	434M	1.29B	-14M	-678M	634M
Purchase of Investments	-83M	-73M	-34M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	0	0	1000K	1000K	0	0	1000K
Other Investing	-12M	24M	24M	26M	99M	-242M	-70M	-215M	240M	-9M
Cash from Financing+	-193M	-257M	-46M	-175M	-435M	-600M	-1.57B	-124M	-363M	-924M
Dividends Paid	-183M	-108M	-130M	-155M	-211M	-268M	-353M	-311M	-334M	-358M
Dividend Payout Ratio %	303.51%	-	495.83%	-	844%	525.49%	60.65%	393.67%	379.55%	211.83%
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Stock Issued	0	34M	153M	100M	62M	0	0	0	0	48M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-179M	-22M	77M	149M	157M	7M	-14M	973M	1.47B	-24M
Net Change in Cash+	206M	-182M	267M	-166M	48M	189M	342M	55M	-318M	85M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	111M	498M	316M	583M	417M	465M	654M	996M	1.05B	733M
Cash at End	317M	316M	583M	417M	465M	654M	996M	1.05B	733M	818M
Free Cash Flow+	399M	233M	313M	9M	421M	550M	1.91B	179M	45M	369M
FCF Growth %	156.76%	-41.6%	34.33%	-97.12%	4577.78%	30.64%	247.64%	-90.64%	-74.86%	720%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	2.23%	-0.71%	2.2%	-0.49%	1%	1.7%	15.88%	1.75%	1.67%	2.94%
EBITDA Margin	58.47%	68.09%	71.04%	67.44%	70.98%	71.7%	181.01%	74.12%	73.3%	74.25%
Net Debt / EBITDA	9.03x	8.28x	7.45x	9.48x	8.28x	8.78x	3.11x	8.35x	7.38x	8.84x
Interest Coverage	0.77x	0.92x	1.13x	0.55x	0.80x	0.86x	6.34x	0.78x	0.64x	0.45x
CapEx / Revenue	15.77%	28.05%	17.57%	45.35%	10.34%	11.74%	94.54%	39.8%	52.88%	22.32%
Dividend Payout Ratio	303.51%	-	495.83%	-	844%	525.49%	60.65%	393.67%	379.55%	211.83%
Debt / Equity	2.41x	2.73x	2.69x	3.10x	2.69x	2.51x	1.83x	1.73x	1.39x	1.72x
EPS Growth	45%	-127.59%	387.5%	-121.74%	320%	100%	1034.09%	-86.57%	11.94%	89.33%

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Clearway Energy, Inc. (CWEN) 10-Year Financial Performance & Capital Metrics

CWEN • • Utilities

UtilitiesRenewable EnergyRenewable Utilities and Asset Owners

Revenue $1.43B +4.2%
EBITDA $1.06B +5.6%
Net Income $169M +92.0%
Free Cash Flow $369M +720.0%
EBITDA Margin 74.25% +1.3%
Net Margin 11.83% +84.3%
ROE 2.94% +76.7%
Interest Coverage 0.45 -28.8%
Debt/Equity 1.72 +23.8%
Net Debt/EBITDA 8.84 +19.8%
CapEx / Revenue 22.32% -57.8%
CapEx Coverage 2.16 +103.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 46.6%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.1%
✗High leverage: 9.6x Debt/EBITDA
✗Weak interest coverage of 0.5x
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.13%

5Y3.57%

3Y6.29%

TTM4.23%

Profit (Net Income) CAGR

10Y17.74%

5Y46.55%

3Y-33.78%

TTM92.05%

EPS CAGR

10Y13.51%

5Y45.2%

3Y-34.22%

TTM92.44%

ROCE

10Y Avg3.74%

5Y Avg4.01%

3Y Avg1.57%

Latest1.2%

Peer Comparison

Renewable Utilities and Asset Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXIAAXIA Energia S.A.	23.87B	12.08	74.24	0.19%	-1.84%	-0.44%	0.56%	0.64
CWENClearway Energy, Inc.	1.59B	38.31	26.98	4.23%	11.83%	2.86%	23.17%	1.72
BEPCBrookfield Renewable Corporation	6.19B	42.73	26.21	4.41%	-23.22%	-8.32%		1.16
AQNAlgonquin Power & Utilities Corp.	5.36B	6.98	-3.86	-3.51%	-57.66%	-26.75%		1.08
ELLOEllomay Capital Ltd.	331.95M	24.09	-40.05	-17.13%	2.56%	0.57%		4.03
BEPBrookfield Renewable Partners L.P.	9.72B	31.78	-471.51	10.95%	3.3%	0.61%		1.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	1.02B	1.01B	1.05B	1.03B	1.2B	1.29B	1.19B	1.31B	1.37B	1.43B
Revenue Growth %	7.14%	-1.18%	4.36%	-1.99%	16.18%	7.26%	-7.46%	10.42%	4.34%	4.23%
Cost of Revenue	306M	326M	332M	337M	366M	451M	435M	473M	501M	1.21B
Gross Profit+	715M	683M	721M	695M	833M	835M	755M	841M	870M	217M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	13.13%	-4.48%	5.56%	-3.61%	19.86%	0.24%	-9.58%	11.39%	3.45%	-75.06%
Operating Expenses+	313M	353M	354M	471M	500M	568M	-715M	578M	674M	41M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	597M	687M	748M	696M	851M	922M	2.15B	974M	1B	1.06B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-11.29%	15.08%	8.88%	-6.95%	22.27%	8.34%	133.62%	-54.78%	3.18%	5.57%
Depreciation & Amortization+	379M	404M	401M	472M	518M	655M	684M	711M	809M	885M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	218M	283M	347M	224M	333M	267M	1.47B	263M	196M	176M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-31.87%	29.82%	22.61%	-35.45%	48.66%	-19.82%	450.56%	-82.11%	-25.48%	-10.2%
Interest Expense+	284M	306M	306M	404M	415M	312M	232M	337M	307M	387M
Interest Coverage	0.77x	0.92x	1.13x	0.55x	0.80x	0.86x	6.34x	0.78x	0.64x	0.45x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-16M	49M	116M	-104M	-54M	-63M	1.28B	-16M	-33M	-175M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-1M	72M	62M	-8M	8M	12M	222M	-2M	30M	56M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	57M	-16M	48M	-11M	25M	51M	582M	79M	88M	169M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	72.73%	-128.07%	400%	-122.92%	327.27%	104%	1041.18%	-86.43%	11.39%	92.05%
EPS (Diluted)+	0.58	-0.16	0.46	-0.10	0.22	0.44	4.99	0.67	0.75	1.42
EPS Growth %	45%	-127.59%	387.5%	-121.74%	320%	100%	1034.09%	-86.57%	11.94%	89.33%
EPS (Basic)	0.58	-0.16	0.46	-0.10	0.22	0.44	4.99	0.67	0.75	1.42
Diluted Shares Outstanding	98M	99M	104M	109M	116M	117M	117M	117M	118M	119M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	8.38B	8.28B	8.5B	9.93B	10.59B	12.81B	12.31B	14.7B	14.33B	16.66B
Asset Growth %	-3.52%	-1.19%	2.62%	16.79%	6.7%	20.97%	-3.91%	19.4%	-2.53%	16.23%
PP&E (Net)+	5.46B	5.2B	5.25B	6.29B	7.55B	8.2B	7.95B	10.12B	10.49B	12.31B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	645M	482M	756M	608M	708M	1.53B	1.28B	1.56B	1.07B	1.15B
Cash & Equivalents	317M	148M	407M	417M	268M	179M	657M	535M	332M	818M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	39M	39M	40M	40M	42M	37M	47M	55M	64M	75M
Other Current Assets	176M	168M	205M	33M	197M	1.11B	365M	625M	507M	96M
Long-Term Investments	710M	1.18B	1.17B	1.18B	741M	381M	364M	360M	309M	291M
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1.29B	1.23B	1.16B	1.43B	1.37B	2.5B	2.56B	2.37B	2.19B	2.29B
Other Assets	66M	63M	114M	103M	115M	107M	159M	284M	269M	436M
Total Liabilities	6.01B	6.14B	6.28B	7.66B	7.88B	9.51B	8.28B	9.71B	8.77B	10.74B
Total Debt+	5.71B	5.84B	5.98B	7.01B	7.31B	8.27B	7.36B	8.66B	7.75B	10.2B
Net Debt	5.39B	5.69B	5.58B	6.6B	7.05B	8.09B	6.7B	8.13B	7.42B	9.38B
Long-Term Debt	5.43B	5.53B	5.45B	4.16B	6.58B	6.94B	6.49B	7.48B	6.75B	8.69B
Short-Term Borrowings	282M	306M	535M	1.83B	384M	772M	322M	558M	430M	708M
Capital Lease Obligations	0	0	845M	1.03B	345M	561M	548M	627M	569M	796M
Total Current Liabilities+	459M	486M	704M	2.06B	634M	1.63B	617M	906M	718M	1.02B
Accounts Payable	63M	95M	64M	74M	89M	181M	77M	161M	113M	127M
Accrued Expenses	86M	88M	101M	0	123M	138M	168M	136M	119M	0
Deferred Revenue	85M	88M	101M	0	0	0	0	0	0	0
Other Current Liabilities	74M	51M	4M	152M	38M	540M	50M	51M	56M	183M
Deferred Taxes	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Liabilities	128M	128M	-720M	197M	313M	369M	505M	568M	640M	188M
Total Equity+	2.37B	2.14B	2.22B	2.26B	2.71B	3.3B	4.03B	4.99B	5.56B	5.91B
Equity Growth %	-13.44%	-9.79%	4.02%	1.75%	19.97%	21.55%	22.18%	23.86%	11.39%	6.31%
Shareholders Equity	1.85B	1.75B	1.82B	1.85B	1.82B	1.83B	2.23B	2.1B	2.06B	1.92B
Minority Interest	520M	391M	402M	413M	890M	1.47B	1.8B	2.89B	3.5B	3.99B
Common Stock	1M	1M	1M	1M	1M	1M	0	0	0	1M
Additional Paid-in Capital	1.88B	1.84B	1.9B	1.94B	1.92B	1.87B	1.76B	1.73B	1.8B	1.72B
Retained Earnings	-2M	-69M	-58M	-72M	-84M	-33M	463M	361M	254M	213M
Accumulated OCI	-28M	-28M	-18M	-15M	-14M	-6M	9M	7M	3M	-5M
Return on Assets (ROA)	0.67%	-0.19%	0.57%	-0.12%	0.24%	0.44%	4.63%	0.58%	0.61%	1.09%
Return on Equity (ROE)	2.23%	-0.71%	2.2%	-0.49%	1%	1.7%	15.88%	1.75%	1.67%	2.94%
Debt / Equity	2.41x	2.73x	2.69x	3.10x	2.69x	2.51x	1.83x	1.73x	1.39x	1.72x
Debt / Assets	68.09%	70.47%	70.38%	70.66%	69.05%	64.56%	59.79%	58.93%	54.08%	61.23%
Net Debt / EBITDA	9.03x	8.28x	7.45x	9.48x	8.28x	8.78x	3.11x	8.35x	7.38x	8.84x
Book Value per Share	24.18	21.6	21.38	20.76	23.41	28.21	34.46	42.68	47.14	49.7

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	560M	516M	498M	477M	545M	701M	787M	702M	770M	688M
Operating CF Growth %	38.27%	-7.86%	-3.49%	-4.22%	14.26%	28.62%	12.27%	-10.8%	9.69%	-10.65%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-15M	-23M	54M	-96M	-62M	51M	582M	-14M	-63M	169M
Depreciation & Amortization	375M	404M	401M	472M	518M	664M	701M	711M	809M	885M
Deferred Taxes	-1M	72M	62M	-8M	8M	12M	194M	13M	25M	53M
Other Non-Cash Items	20M	25M	24M	126M	75M	-17M	-708M	62M	46M	-389M
Working Capital Changes	-1M	-10M	-30M	-17M	6M	-9M	18M	-70M	-47M	-30M
Capital Expenditures+	-161M	-283M	-185M	-468M	-124M	-151M	1.13B	-523M	-725M	-319M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-161M	-283M	-185M	-468M	-62M	88M	1.13B	-523M	-725M	321M
Acquisitions	-129M	-276M	-126M	-266M	-37M	434M	1.29B	-14M	-678M	634M
Purchase of Investments	-83M	-73M	-34M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	0	0	1000K	1000K	0	0	1000K
Other Investing	-12M	24M	24M	26M	99M	-242M	-70M	-215M	240M	-9M
Cash from Financing+	-193M	-257M	-46M	-175M	-435M	-600M	-1.57B	-124M	-363M	-924M
Dividends Paid	-183M	-108M	-130M	-155M	-211M	-268M	-353M	-311M	-334M	-358M
Dividend Payout Ratio %	303.51%	-	495.83%	-	844%	525.49%	60.65%	393.67%	379.55%	211.83%
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Stock Issued	0	34M	153M	100M	62M	0	0	0	0	48M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-179M	-22M	77M	149M	157M	7M	-14M	973M	1.47B	-24M
Net Change in Cash+	206M	-182M	267M	-166M	48M	189M	342M	55M	-318M	85M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	111M	498M	316M	583M	417M	465M	654M	996M	1.05B	733M
Cash at End	317M	316M	583M	417M	465M	654M	996M	1.05B	733M	818M
Free Cash Flow+	399M	233M	313M	9M	421M	550M	1.91B	179M	45M	369M
FCF Growth %	156.76%	-41.6%	34.33%	-97.12%	4577.78%	30.64%	247.64%	-90.64%	-74.86%	720%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	2.23%	-0.71%	2.2%	-0.49%	1%	1.7%	15.88%	1.75%	1.67%	2.94%
EBITDA Margin	58.47%	68.09%	71.04%	67.44%	70.98%	71.7%	181.01%	74.12%	73.3%	74.25%
Net Debt / EBITDA	9.03x	8.28x	7.45x	9.48x	8.28x	8.78x	3.11x	8.35x	7.38x	8.84x
Interest Coverage	0.77x	0.92x	1.13x	0.55x	0.80x	0.86x	6.34x	0.78x	0.64x	0.45x
CapEx / Revenue	15.77%	28.05%	17.57%	45.35%	10.34%	11.74%	94.54%	39.8%	52.88%	22.32%
Dividend Payout Ratio	303.51%	-	495.83%	-	844%	525.49%	60.65%	393.67%	379.55%	211.83%
Debt / Equity	2.41x	2.73x	2.69x	3.10x	2.69x	2.51x	1.83x	1.73x	1.39x	1.72x
EPS Growth	45%	-127.59%	387.5%	-121.74%	320%	100%	1034.09%	-86.57%	11.94%	89.33%

Clearway Energy, Inc. (CWEN) 10-Year Financial Performance & Capital Metrics

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Clearway Energy, Inc. (CWEN) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare CWEN vs Peers

vs AXIA

vs BEP

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios