NYSE : CLVT
Clarivate Plc — Financial statements
Technology · Information Technology Services · United Kingdom
Last price 1.65 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.06B
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Financial statements
Clarivate Plc (CLVT) reported revenue of 2.41B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.41B | 2.46B | 2.56B | 2.63B | 2.66B | 1.88B |
| Cost of Revenue | 800.60M | 833.60M | 869.20M | 906.40M | 954.00M | 626.10M |
| Gross Profit | 1.61B | 1.62B | 1.69B | 1.72B | 1.71B | 1.25B |
| Selling, General & Admin | 707.00M | 708.60M | 727.60M | 739.70M | 729.90M | 643.00M |
| Other Operating Expenses | -9.50M | -16.30M | -1.30M | -300.00K | -900.00K | 7.90M |
| Operating Expenses | 1.45B | 1.45B | 1.45B | 1.45B | 1.44B | 1.19B |
| Operating Income | 164.20M | 172.10M | 234.20M | 274.70M | 266.30M | 62.10M |
| Interest Expense | -253.90M | -265.40M | -283.40M | -293.70M | -270.30M | -252.50M |
| Currency Exchange Gain (Loss) | 28.70M | -34.90M | -4.20M | -38.90M | 45.40M | -19.60M |
| Other Non Operating Income (Expenses) | 5.20M | 15.90M | 206.80M | 81.30M | ||
| EBT Excluding Unusual Items | -61.00M | -128.20M | -48.20M | -42.00M | 248.20M | -128.70M |
| Merger & Restructuring Charges | -40.80M | -50.70M | -19.60M | -33.90M | -66.70M | -129.50M |
| Impairment of Goodwill | -221.70M | -465.70M | -847.70M | -4.45B | ||
| Gain (Loss) on Sale of Investments | -6.10M | |||||
| Gain (Loss) on Sale of Assets | 54.70M | 278.50M | ||||
| Asset Writedown | -15.00M | -15.00M | -75.00M | -132.20M | ||
| Legal Settlements | 49.40M | |||||
| Pretax Income | -338.50M | -193.90M | -553.80M | -1.01B | -3.99B | -258.20M |
| Income Tax Expense | -4.50M | 7.20M | 82.90M | -101.30M | -28.90M | 12.30M |
| Net Income | -334.00M | -201.10M | -636.70M | -911.20M | -3.96B | -270.50M |
| Preferred Dividends & Other Adjustments | 31.30M | 75.40M | 75.40M | 41.50M | ||
| Net Income to Common | -334.00M | -201.10M | -668.00M | -986.60M | -4.04B | -312.00M |
| Shares Outstanding (Basic) | 650.55M | 673.30M | 693.60M | 671.60M | 676.10M | 631.00M |
| Shares Outstanding (Diluted) | 650.55M | 673.30M | 693.60M | 671.60M | 678.60M | 640.80M |
| EPS (Basic) | -0.51 | -0.30 | -0.96 | -1.47 | -5.97 | -0.49 |
| EPS (Diluted) | -0.51 | -0.30 | -0.96 | -1.47 | -6.24 | -0.61 |
| Free Cash Flow | 327.60M | 365.30M | 357.50M | 501.70M | 306.40M | 205.30M |
| Free Cash Flow Per Share | 0.50 | 0.54 | 0.52 | 0.75 | 0.45 | 0.32 |
| Gross Margin | 66.82% | 66.05% | 66.00% | 65.52% | 64.13% | 66.64% |
| Operating Margin | 6.80% | 7.01% | 9.16% | 10.45% | 10.01% | 3.31% |
| Profit Margin | -13.84% | -8.19% | -26.13% | -37.53% | -151.73% | -16.62% |
| Free Cash Flow Margin | 13.58% | 14.88% | 13.98% | 19.09% | 11.52% | 10.94% |
| EBITDA | 914.80M | 929.30M | 961.20M | 983.00M | 976.80M | 599.90M |
| EBITDA Margin | 37.91% | 37.85% | 37.59% | 37.39% | 36.73% | 31.96% |
| D&A For EBITDA | 750.60M | 757.20M | 727.00M | 708.30M | 710.50M | 537.80M |
| EBIT | 164.20M | 172.10M | 234.20M | 274.70M | 266.30M | 62.10M |
| EBIT Margin | 6.80% | 7.01% | 9.16% | 10.45% | 10.01% | 3.31% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 204.60M | 316.60M | 284.70M | 370.70M | 356.80M | 430.90M |
| Trading Asset Securities | 2.10M | 3.20M | 4.10M | 2.30M | ||
| Cash & Short-Term Investments | 206.70M | 319.80M | 284.70M | 374.80M | 359.10M | 430.90M |
| Receivables | 827.90M | 821.70M | 798.30M | 908.30M | 872.10M | 906.40M |
| Prepaid Expenses | 107.10M | 94.20M | 85.90M | 88.50M | 89.40M | 76.60M |
| Restricted Cash | 13.10M | 12.60M | 10.50M | 156.70M | ||
| Other Current Assets | 59.40M | 61.70M | 65.20M | 90.60M | 74.60M | 66.60M |
| Total Current Assets | 1.21B | 1.31B | 1.24B | 1.46B | 1.40B | 1.64B |
| Property, Plant & Equipment | 88.30M | 99.30M | 107.10M | 106.80M | 113.40M | 169.80M |
| Long-Term Investments | 15.00M | 1.80M | 14.70M | 17.70M | 47.20M | |
| Goodwill | 1.34B | 1.57B | 1.57B | 2.02B | 2.88B | 7.90B |
| Other Intangible Assets | 7.73B | 8.01B | 8.44B | 9.01B | 9.44B | 10.39B |
| Long-Term Deferred Tax Assets | 17.90M | 17.20M | 48.50M | 46.70M | 24.20M | 27.90M |
| Long-Term Deferred Charges | 18.70M | 21.40M | 23.80M | 15.50M | 17.10M | |
| Other Long-Term Assets | 71.50M | 47.60M | 46.10M | 19.30M | 35.20M | 33.70M |
| Total Assets | 10.49B | 11.07B | 11.49B | 12.71B | 13.94B | 20.18B |
| Accounts Payable | 152.90M | 150.60M | 124.50M | 144.10M | 101.40M | 129.20M |
| Accrued Expenses | 361.00M | 348.80M | 342.10M | 378.50M | 484.80M | 679.60M |
| Current Portion of Long-Term Debt | 1.60M | 100.00M | 1.30M | 30.60M | ||
| Current Portion of Leases | 16.70M | 19.90M | 20.60M | 25.60M | 25.70M | 32.20M |
| Current Unearned Revenue | 897.00M | 878.60M | 859.10M | 983.10M | 947.50M | 1.03B |
| Other Current Liabilities | 6.50M | 70.90M | 85.90M | 68.70M | 400.00K | |
| Total Current Liabilities | 1.44B | 1.57B | 1.43B | 1.60B | 1.56B | 1.90B |
| Long-Term Debt | 4.18B | 4.30B | 4.49B | 4.69B | 4.97B | 5.46B |
| Long-Term Leases | 57.20M | 64.50M | 82.50M | 93.50M | 104.20M | 94.00M |
| Long-Term Unearned Revenue | 18.50M | 17.00M | 16.60M | 38.70M | 38.50M | 54.20M |
| Pension & Post-Retirement Benefits | 13.70M | |||||
| Long-Term Deferred Tax Liabilities | 197.90M | 212.10M | 273.30M | 249.60M | 316.10M | 380.10M |
| Other Long-Term Liabilities | 57.30M | 65.60M | 55.90M | 41.90M | 140.10M | 356.80M |
| Total Liabilities | 5.95B | 6.23B | 6.35B | 6.71B | 7.13B | 8.26B |
| Common Stock | 12.82B | 12.81B | 12.98B | 11.74B | 11.74B | 11.83B |
| Retained Earnings | -7.82B | -7.51B | -7.31B | -6.65B | -5.66B | -1.60B |
| Treasury Stock | -16.90M | |||||
| Comprehensive Income & Other | -454.30M | -453.10M | -526.30M | -495.30M | -665.90M | 326.70M |
| Total Common Equity | 4.54B | 4.84B | 5.14B | 4.60B | 5.42B | 10.53B |
| Shareholders' Equity | 4.54B | 4.84B | 5.14B | 5.99B | 6.81B | 11.93B |
| Total Liabilities & Equity | 10.49B | 11.07B | 11.49B | 12.71B | 13.94B | 20.18B |
| Total Debt | 4.26B | 4.48B | 4.59B | 4.81B | 5.10B | 5.61B |
| Net Cash (Debt) | -4.05B | -4.16B | -4.31B | -4.44B | -4.74B | -5.18B |
| Net Cash Per Share | -6.23 | -6.18 | -6.21 | -6.60 | -6.99 | -8.09 |
| Filing Date Shares Outstanding | 639.66M | 640.70M | 691.64M | 666.29M | 674.43M | 683.15M |
| Total Common Shares Outstanding | 639.66M | 640.70M | 691.40M | 666.10M | 674.41M | 682.59M |
| Working Capital | -221.50M | -258.80M | -188.90M | -137.80M | -164.60M | -264.80M |
| Book Value Per Share | 7.09 | 7.56 | 7.43 | 6.91 | 8.04 | 15.43 |
| Tangible Book Value | -4.54B | -4.73B | -4.87B | -6.43B | -6.89B | -7.76B |
| Tangible Book Value Per Share | -7.10 | -7.39 | -7.04 | -9.65 | -10.22 | -11.37 |
| Machinery | 121.50M | 110.90M | 99.00M | 84.10M | 80.20M | |
| Leasehold Improvements | 21.30M | 21.60M | 15.90M | 16.10M | 11.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -334.00M | -201.10M | -636.70M | -911.20M | -3.96B | -270.50M |
| Depreciation & Amortization | 750.60M | 757.20M | 727.00M | 708.30M | 710.50M | 537.80M |
| Other Amortization | 13.20M | 14.30M | 16.40M | 18.20M | 16.40M | 13.20M |
| Loss (Gain) From Sale of Assets | -54.70M | -278.50M | ||||
| Asset Writedown & Restructuring Costs | 240.30M | 18.60M | 540.30M | 980.10M | 4.48B | 48.20M |
| Loss (Gain) From Sale of Investments | 6.10M | |||||
| Stock-Based Compensation | 63.20M | 63.10M | 59.90M | 109.00M | 93.90M | 33.30M |
| Other Operating Activities | -95.00M | -27.10M | 19.30M | -105.90M | -279.40M | -106.20M |
| Change in Accounts Receivable | -18.50M | -5.00M | 92.60M | -25.50M | -28.30M | -64.10M |
| Change in Accounts Payable | 29.30M | 22.80M | -15.00M | 41.20M | -24.00M | 31.20M |
| Change in Unearned Revenue | -20.80M | -2.60M | -106.20M | 20.30M | -9.30M | 200.00K |
| Change in Other Net Operating Assets | -53.90M | -11.70M | 3.70M | -96.40M | -210.30M | 100.70M |
| Operating Cash Flow | 574.40M | 628.50M | 646.60M | 744.20M | 509.30M | 323.80M |
| Capital Expenditures | -246.80M | -263.20M | -289.10M | -242.50M | -202.90M | -118.50M |
| Cash Acquisitions | -32.00M | -5.40M | -24.80M | -3.93B | ||
| Divestitures | 84.40M | 10.50M | 285.00M | 4.30M | ||
| Investing Cash Flow | -246.80M | -263.20M | -236.70M | -237.40M | 57.30M | -4.04B |
| Long-Term Debt Issued | 500.00M | 2.02B | ||||
| Long-Term Debt Repaid | -601.30M | -199.30M | -301.00M | -498.40M | -28.80M | |
| Net Debt Issued (Repaid) | -312.40M | -101.30M | -199.30M | -301.00M | -498.40M | 1.99B |
| Issuance of Common Stock | 886.50M | |||||
| Repurchase of Common Stock | -152.00M | -234.90M | -215.60M | -120.60M | -189.90M | -184.30M |
| Preferred Dividends Paid | -37.70M | -75.50M | -75.40M | -18.90M | ||
| Dividends Paid | -37.70M | -75.50M | -75.40M | -18.90M | ||
| Other Financing Activities | 600.00K | -6.90M | -17.50M | 600.00K | 4.50M | -32.50M |
| Financing Cash Flow | -463.80M | -343.10M | -470.10M | -496.50M | -759.20M | 4.03B |
| Foreign Exchange Rate Adjustments | -8.70M | 11.80M | -15.30M | 3.60M | -38.20M | 3.70M |
| Net Cash Flow | -144.90M | 34.00M | -75.50M | 13.90M | -230.80M | 315.20M |
| Free Cash Flow | 327.60M | 365.30M | 357.50M | 501.70M | 306.40M | 205.30M |
| Free Cash Flow Margin | 13.58% | 14.88% | 13.98% | 19.09% | 11.52% | 10.94% |
| Free Cash Flow Per Share | 0.50 | 0.54 | 0.52 | 0.75 | 0.45 | 0.32 |
| Levered Free Cash Flow | 464.64M | 520.09M | 448.85M | 570.12M | 488.80M | 616.30M |
| Unlevered Free Cash Flow | 610.12M | 671.66M | 609.58M | 735.49M | 641.34M | 760.91M |
| Cash Interest Paid | 256.30M | 256.30M | 265.30M | 273.50M | 251.50M | 182.40M |
| Cash Income Tax Paid | 42.10M | 42.10M | 52.90M | 42.90M | 63.70M | 33.90M |
| Change in Working Capital | -63.90M | 3.50M | -24.90M | -60.40M | -271.90M | 68.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.06B | 2.21B | 3.61B | 6.15B | 5.62B | 16.15B |
| Enterprise Value | 5.11B | 6.39B | 7.96B | 12.09B | 12.15B | 20.46B |
| Last Close Price | 1.65 | 3.34 | 5.08 | 9.26 | 8.34 | 23.52 |
| Forward PE | 2.35 | 5.00 | 7.05 | 11.31 | 11.13 | 27.12 |
| PS Ratio | 0.44 | 0.90 | 1.41 | 2.34 | 2.11 | 8.61 |
| PB Ratio | 0.23 | 0.46 | 0.70 | 1.03 | 0.82 | 1.35 |
| P/FCF Ratio | 3.22 | 6.05 | 10.10 | 12.25 | 18.35 | 78.67 |
| P/OCF Ratio | 1.84 | 3.52 | 5.58 | 8.26 | 11.04 | 49.88 |
| PEG Ratio | 0.16 | 0.22 | 0.53 | 1.11 | 1.80 | |
| EV/Sales Ratio | 2.12 | 2.60 | 3.12 | 4.60 | 4.57 | 10.90 |
| EV/EBITDA Ratio | 5.58 | 6.87 | 8.29 | 12.30 | 12.44 | 34.11 |
| EV/EBIT Ratio | 31.10 | 37.11 | 34.00 | 44.02 | 45.62 | 329.51 |
| EV/FCF Ratio | 15.59 | 17.48 | 22.27 | 24.10 | 39.65 | 99.67 |
| Debt / Equity Ratio | 0.94 | 0.93 | 0.89 | 0.80 | 0.75 | 0.47 |
| Debt / EBITDA Ratio | 4.52 | 4.69 | 4.66 | 4.76 | 5.07 | 8.90 |
| Debt / FCF Ratio | 13.00 | 12.27 | 12.85 | 9.59 | 16.66 | 27.34 |
| Net Debt / Equity Ratio | 0.89 | 0.86 | 0.84 | 0.74 | 0.70 | 0.43 |
| Net Debt / EBITDA Ratio | 4.43 | 4.48 | 4.48 | 4.51 | 4.86 | 8.64 |
| Net Debt / FCF Ratio | 12.37 | 11.40 | 12.05 | 8.84 | 15.48 | 25.24 |
| Asset Turnover | 0.22 | 0.22 | 0.21 | 0.20 | 0.16 | 0.11 |
| Quick Ratio | 0.72 | 0.73 | 0.76 | 0.80 | 0.79 | 0.70 |
| Current Ratio | 0.85 | 0.83 | 0.87 | 0.91 | 0.89 | 0.86 |
| Return on Equity (ROE) | -7.01% | -4.03% | -11.44% | -14.23% | -42.27% | -2.58% |
| Return on Assets (ROA) | 0.94% | 0.95% | 1.21% | 1.29% | 0.97% | 0.22% |
| Return on Capital Employed (ROCE) | 1.80% | 1.80% | 2.30% | 2.50% | 2.20% | 0.30% |
| Earnings Yield | -31.12% | -9.10% | -17.64% | -14.82% | -70.43% | -1.68% |
| FCF Yield | 31.04% | 16.54% | 9.91% | 8.16% | 5.45% | 1.27% |
| Buyback Yield / Dilution | 6.83% | 2.93% | -3.28% | 1.03% | -5.90% | -50.07% |