YOUNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Clear Secure, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$45.18+1.25 (+2.85%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
20.7%+28.9 pts over 5 years
Net margin
12.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.9% | +27.2% | +31.3% | – | |
| Operating income | +51.4% | – | – | – | |
| Net income | -35.7% | – | – | – | |
| Free cash flow | +21.0% | +35.8% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 58.1% | |
| Return on assets | – | – | 8.7% | |
| Current ratio | – | 1.17 | 1.01 | |
| Capex to revenue | – | 7.2% | 3.3% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Clear Secure generated $1.13B from operations and spent $612.00M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$1.13B
Used
$612.00M
Capital expenditure$126.41M21%Dividends$00%Share buybacks$485.58M79%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.1%
×Asset turnover0.72×
×Equity multiplier6.64×
=Return on equity, FY202558.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.1% | 0.72× | 6.64× | 58.1% |
| FY2024 | 22.0% | 0.69× | 5.19× | 78.6% |
| FY2023 | 4.6% | 0.59× | 3.97× | 10.7% |
| FY2022 | -15.0% | 0.47× | 3.25× | -23.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$109.17M
- Cash generatingOperating cash flow above zero$372.45M
- Return on assets improvedROA up on the prior year16.2% → 9.1%
- Earnings backed by cashOperating cash flow above net income$372.45M vs $109.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.03 → 1.01
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.74 → 0.75