Clearway Energy, Inc. (CWEN) Revenue History
Annual and quarterly revenue from 2011 to present
CWEN Revenue Over Time (2011–2025)
CWEN Revenue Growth History
11 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +6.7%
- FY2013 revenue growth
- +78.9%
- FY2014 revenue growth
- +120.1%
- FY2015 revenue growth
- +38.3%
- FY2016 revenue growth
- +7.1%
- FY2017 revenue growth
- -1.2%
- FY2018 revenue growth
- +4.4%
- FY2019 revenue growth
- -2.0%
- FY2020 revenue growth
- +16.2%
- FY2021 revenue growth
- +7.3%
- FY2022 revenue growth
- -7.5%
- FY2023 revenue growth
- +10.4%
- FY2024 revenue growth
- +4.3%
- FY2025 revenue growth
- +4.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $354.0M | +18.8% |
| Q4 2025 | $310.0M | +21.1% |
| Q3 2025 | $429.0M | -11.7% |
| Q2 2025 | $392.0M | +7.1% |
| Q1 2025 | $298.0M | +13.3% |
| Q4 2024 | $256.0M | +2.8% |
| Q3 2024 | $486.0M | +31.0% |
| Q2 2024 | $366.0M | -9.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CWEN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CWEN Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 21, 2026, Clearway Energy, Inc. (CWEN) generated trailing twelve-month (TTM) revenue of $1.49 billion, reflecting strong growth of +18.8% year-over-year. The most recent quarter (Q1 2026) recorded $354.0 million in revenue, up 14.2% sequentially.
Historical Growth Trajectory
CWEN's 5-year compound annual growth rate (CAGR) stands at +3.6%, indicating moderate growth over time. The 3-year CAGR of +6.3% exceeds the 5-year average, indicating an acceleration in the most recent period. Clearway Energy, Inc.'s highest annual revenue of $1.43 billion was recorded in 2025, an all-time high.
Revenue by Segment
CWEN's revenue is primarily driven by Energy Revenue (73%), Capacity Revenue (22%), and Products And Services, Other (5%). With over half of revenue concentrated in Energy Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Utilities sector peers — including BEP (+9.4% YoY), BEPC (-10.0% YoY), and NEE (+10.5% YoY) — CWEN has outperformed the peer group in revenue growth. Compare CWEN vs BEP →
CWEN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CWENCurrent | $1.5B | +18.8% | +3.6% | 12.3% | |
 BEP | $6.5B | +9.4% | +11.3% | 13.4% | |
 BEPC | $3.7B | -10.0% | +3.2% | 56.9% | |
 NEE | $27.5B | +10.5% | +8.8% | 30.1% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% | |
 RUN | $3.0B | +52.4% | +26.2% | -4.3% |
CWEN Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.43B | +4.2% | $217.0M | 15.2% | $176.0M | 12.3% |
| 2024 | $1.37B | +4.3% | $870.0M | 63.5% | $196.0M | 14.3% |
| 2023 | $1.31B | +10.4% | $841.0M | 64.0% | $263.0M | 20.0% |
| 2022 | $1.19B | -7.5% | $755.0M | 63.4% | $1.47B | 123.5% |
| 2021 | $1.29B | +7.3% | $835.0M | 64.9% | $267.0M | 20.8% |
| 2020 | $1.20B | +16.2% | $833.0M | 69.5% | $333.0M | 27.8% |
| 2019 | $1.03B | -2.0% | $695.0M | 67.3% | $224.0M | 21.7% |
| 2018 | $1.05B | +4.4% | $721.0M | 68.5% | $347.0M | 33.0% |
| 2017 | $1.01B | -1.2% | $683.0M | 67.7% | $283.0M | 28.0% |
| 2016 | $1.02B | +7.1% | $715.0M | 70.0% | $218.0M | 21.4% |
| 2015 | $953.0M | +38.3% | $632.0M | 66.3% | $320.0M | 33.6% |
| 2014 | $689.0M | +120.1% | $450.0M | 65.3% | $272.0M | 39.5% |
| 2013 | $313.0M | +78.9% | $186.0M | 59.4% | $128.0M | 40.9% |
| 2012 | $175.0M | +6.7% | $69.0M | 39.4% | $31.0M | 17.7% |
| 2011 | $164.0M | - | $61.0M | 37.2% | $28.0M | 17.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CWEN — Frequently Asked Questions
Quick answers to the most common questions about buying CWEN stock.
Is CWEN's revenue growth accelerating or slowing?
CWEN revenue growth is accelerating. TTM revenue reached $1.5B, up +18.8% year-over-year — ahead of the 5-year CAGR of +3.6%. This indicates the business is expanding faster than its historical baseline.
What is CWEN's revenue history from 2011 to 2026?
Clearway Energy, Inc. (CWEN) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $1.5B, growing at +18.8% YoY. The 5-year CAGR is +3.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CWEN's long-term revenue growth rate (CAGR)?
Clearway Energy, Inc.'s 5-year revenue CAGR of +3.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +18.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CWEN.
Why does CWEN's quarterly revenue fluctuate?
CWEN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Clearway Energy, Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is CWEN's revenue distributed by segment?
CWEN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CWEN's revenue compare to industry peers?
Clearway Energy, Inc. (CWEN) with TTM revenue of $1.5B and +18.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.