CWEN Clearway Energy margins

Relative Growth: Rel. Growth: 89

Relative Strength: Rel. Strength: 51

Relative Valuation: Rel. Valuation: 51

Relative Profitability: Rel. Profitability: 60

Gross margin

64.4%

Operating margin

13.4%

EBITDA margin

87.7%

Net margin

5.8%

Using the latest TTM figures, Clearway Energy shows a gross margin of 64.4%, an operating margin of 13.4%, an EBITDA margin of 87.7%, and a net margin of 5.8%. EBITDA margin headed the available margin improvements with a 2.7 percentage-point increase, while operating margin dropped by 2.4 percentage points.

CWEN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Clearway Energy recorded average margins of 63.39% gross, 14.09% operating, 91.57% EBITDA, and 7.46% net. Right now, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

CWEN margin expansion

Year-over-year margin changes in percentage points

The biggest increase was in EBITDA margin, up 2.7 percentage points. Gross margin also expanded by 0.1 percentage points and Net margin also expanded by 1.2 percentage points, while operating margin contracted by 2.4 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

-2.4pp

EBITDA margin expansion

2.7pp

Net margin expansion

1.2pp

CWEN Gross margin

Clearway Energy recorded an average gross margin of 63.39% across the last 3 years. The current gross margin stands at 64.4%, 1 percentage points above its three-year average. Gross margin was highest at 64.7% in Mar 2025 and lowest at 60.8% in Jun 2024.

CWEN Operating margin

Over the last 3 years, the average operating margin for Clearway Energy was 14.09%. The latest operating margin for Clearway Energy is 13.4%, 0.7 percentage points below its three-year average. Clearway Energy's operating margin ranged from a low of 10.2% in Jun 2024 to a high of 20% in Dec 2023.

CWEN EBITDA margin

The average EBITDA margin for Clearway Energy was 91.57% over the last 3 years. Currently, the current EBITDA margin for Clearway Energy is 87.7%, 3.9 percentage points below its three-year average. The EBITDA margin for Clearway Energy moved between 84% in Mar 2026 and 104.8% in Dec 2025.

CWEN Net margin

Over the last 3 years, Clearway Energy's net margin averaged 7.46%. At present, Clearway Energy's current net margin is 5.8%, which is 1.7 percentage points below its three-year average. During this period, net margin reached a high of 19.3% in Sep 2025 and a low of -0.1% in Mar 2026.

CWEN margin group comparison

Margins compared with peer-group, industry and sector averages

Clearway Energy's gross margin of 64.4% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 43.2%, Clearway Energy's gross margin is 49% higher.

CWEN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Clearway Energy's gross margin?

The current gross margin for CWEN is 64.4% as of Jun 30, 2026.

What is Clearway Energy's operating margin?

The current operating margin for CWEN is 13.4% as of Jun 30, 2026.

What is Clearway Energy's EBITDA margin?

The current EBITDA margin for CWEN is 87.7% as of Jun 30, 2026.

What is Clearway Energy's net margin?

The current net margin for CWEN is 5.8% as of Jun 30, 2026.

What are the average margins of CWEN?

Clearway Energy's gross, operating, EBITDA, and net margins averaged 63.4% gross, 14.1% operating, 91.6% EBITDA, and 7.5% net over the last 3 years.

What are the highest historical margins of CWEN?

Over the last 5 years, Clearway Energy's highest margins were 67.7% gross in Jun 2023, 23.6% operating in Jun 2023, 145.7% EBITDA in Dec 2022, and 48.9% net in Dec 2022.

What are the lowest historical margins of CWEN?

Over this 5-year history, Clearway Energy's margins fell as low as 60.8% gross in Jun 2024, 10.2% operating in Jun 2024, 80.9% EBITDA in Dec 2021, and -0.1% net in Mar 2026.