Clearway Energy
CWEN · Renewable Electricity
$31.11
1.0%NW Natural
NWN · Gas Utilities
$49.87
0.1%The short version
- Clearway Energy is the larger business, with $1.4B of revenue in fiscal 2025 against $1.3B for NW Natural.
- NW Natural grew revenue faster (11.8%, against 4.2%).
- NW Natural kept more of each dollar of sales as operating profit (21.8% operating margin, against 11.2% operating margin).
- Clearway Energy turned more of its sales into free cash flow (25.8% FCF margin, against −15.3% FCF margin).
- NW Natural earned a higher return on the capital invested in it (5.7%, against 1.0%).
| Latest fiscal year | CWEN · FY25 | NWN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.1B | $2.1B |
| Revenue | $1.4B | $1.3B |
| Free cash flow | $369M | −$198M |
| Net income | $169M | $113M |
| Growth | ||
| Revenue growth | 4.2% | 11.8% |
| 5-year growth | 3.6% | 10.8% |
| Share count change | 0.0% | 5.4% |
| Profitability | ||
| Gross margin | 62.9% | — |
| Operating margin | 11.2% | 21.8% |
| Net margin | 11.8% | 8.8% |
| FCF margin | 25.8% | −15.3% |
| Return on capital | 1.0% | 5.7% |
| Return on equity | 3.0% | 7.9% |
| Balance sheet | ||
| Net debt | $8.4B | $2.6B |
| Net debt / EBITDA | 10.0x | 5.8x |
| Dividends and buybacks | $358M | $77.3M |
| Valuation & quality | ||
| P/E | — | 16.5x |
| Piotroski F-score | 6 | 5 |
FY16
CWEN $1.0B
NWN $668M
FY17
CWEN $1.0B
NWN $755M
FY18
CWEN $1.1B
NWN $706M
FY19
CWEN $1.0B
NWN $746M
FY20
CWEN $1.2B
NWN $774M
FY21
CWEN $1.3B
NWN $860M
FY22
CWEN $1.2B
NWN $1.0B
FY23
CWEN $1.3B
NWN $1.2B
FY24
CWEN $1.4B
NWN $1.2B
FY25
CWEN $1.4B
NWN $1.3B
CWEN
NWN
FY16
CWEN 21.5%
NWN 22.6%
FY17
CWEN 28.1%
NWN 20.0%
FY18
CWEN 33.0%
NWN 18.7%
FY19
CWEN 21.7%
NWN 19.2%
FY20
CWEN 27.8%
NWN 19.2%
FY21
CWEN 20.8%
NWN 19.0%
FY22
CWEN 123.5%
NWN 16.1%
FY23
CWEN 20.0%
NWN 15.4%
FY24
CWEN 14.3%
NWN 16.6%
FY25
CWEN 11.2%
NWN 21.8%
CWEN
NWN
FY16
CWEN $557M
NWN $83.8M
FY17
CWEN $327M
NWN −$6.6M
FY18
CWEN $415M
NWN −$45.9M
FY19
CWEN $249M
NWN −$37.5M
FY20
CWEN $421M
NWN −$128M
FY21
CWEN $550M
NWN −$134M
FY22
CWEN $675M
NWN −$191M
FY23
CWEN $490M
NWN −$47.4M
FY24
CWEN $483M
NWN −$194M
FY25
CWEN $369M
NWN −$198M
CWEN
NWN
FY16
CWEN 2.6%
NWN —
FY17
CWEN 1.7%
NWN —
FY18
CWEN 2.2%
NWN 5.9%
FY19
CWEN 2.1%
NWN 6.7%
FY20
CWEN 2.9%
NWN 5.7%
FY21
CWEN 2.0%
NWN 5.4%
FY22
CWEN 11.3%
NWN 4.9%
FY23
CWEN 1.8%
NWN 4.9%
FY24
CWEN 1.2%
NWN 4.5%
FY25
CWEN 1.0%
NWN 5.7%
CWEN
NWN
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.