Clarivate PLC key statistics and ratios

In fiscal 2025, Clarivate PLC had return on equity of -4.0%, an operating margin of 2.9%, debt equal to 92.3% of equity and a current ratio of 0.83. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Clarivate PLC: financial ratios, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	—	—	63.9%	65.0%	66.6%	64.1%	65.5%	66.0%	66.0%	67.3%
Operating margin	−16.0%	−10.9%	−8.5%	−2.9%	−4.6%	−147.6%	−27.9%	−10.8%	2.9%	−2.9%
Net margin	−28.8%	−25.0%	−26.5%	−28.0%	−14.4%	−148.9%	−34.7%	−24.9%	−8.2%	−15.1%
Free-cash-flow margin	−3.4%	−7.4%	4.9%	12.4%	10.9%	11.5%	19.1%	14.0%	14.9%	12.6%
Return on equity	−20.5%	−20.7%	−22.5%	−6.8%	−2.6%	−42.3%	−14.2%	−11.4%	−4.0%	−8.3%
Return on assets	−6.6%	−6.3%	−6.9%	−3.8%	−1.5%	−23.2%	−6.8%	−5.3%	−1.8%	−3.6%
Asset turnover	0.23	0.25	0.26	0.14	0.11	0.16	0.20	0.21	0.22	0.24
Current ratio	0.67	0.63	0.76	0.81	0.86	0.89	0.91	0.87	0.83	0.88
Debt to equity	160.2%	193.1%	133.3%	39.3%	46.7%	74.4%	79.6%	88.9%	92.3%	92.5%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m	n/m	—	—	—
R&D as % of revenue	1.9%	1.4%	—	—	—	—	—	—	—	—
SG&A as % of revenue	37.4%	42.6%	48.8%	43.4%	34.3%	27.4%	28.1%	28.5%	28.9%	29.2%
Capital spending as % of revenue	4.1%	4.7%	7.2%	8.6%	6.3%	7.6%	9.2%	11.3%	10.7%	9.2%
Dividends and buybacks ÷ free cash flow	—	—	—	0.0%	86.8%	81.7%	35.0%	66.5%	61.5%	28.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Clarivate PLC: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	65.7%	65.1%	67.2%	66.3%	64.5%	67.2%	68.4%	71.1%
Operating margin	−9.4%	−3.5%	1.1%	8.7%	6.2%	5.2%	−34.1%	8.3%
Net margin	−28.9%	−17.5%	−11.6%	−5.3%	0.3%	−6.9%	−45.7%	−16.8%
Free-cash-flow margin	8.9%	18.6%	8.1%	21.8%	9.8%	13.5%	7.5%	22.9%
Current ratio	0.87	0.88	0.91	0.87	0.83	0.84	0.85	0.88
Debt to equity	87.9%	89.9%	90.4%	90.1%	89.2%	89.4%	92.8%	91.6%
SG&A as % of revenue	27.3%	30.0%	29.1%	27.5%	28.1%	30.1%	30.9%	27.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 6 checks passed · September 30, 2026

What it owns · $10.4bn

Short-term assets $1.2bnLonger-term assets $9.1bn

What it owes, and who funded it · $10.4bn

Short-term liabilities $1.4bnLonger-term liabilities $4.4bnShareholders' equity $4.5bn

Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.4bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.2bn short-term assets against $4.4bn of longer-dated liabilities.
More cash than debt $257m of cash against $4.1bn of debt.
Debt below 40% of shareholders' equity Debt is 92% of equity.
Debt burden no higher than five years ago Debt to equity moved from 47% to 92% over five years.
A year's operating cash flow covers at least 20% of debt $559m of operating cash flow against $4.1bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Clarivate PLC's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

49 /100

Moderate moat

How hard Clarivate's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 9 / 20

Cash operating profit has been a median 7.5% of total assets over 6 years.
Pricing power 20 / 20

Gross margin has been a median 65.9%, moving by 0.9 percentage points (standard deviation) across 6 years.
Durability 10 / 20

Operating margin has been a median -5.7%; its worst year was -165.5%.
Cash conversion 17 / 20

Free cash flow was positive in 7 of 7 years, at a median 13.9% of revenue.
Discipline 8 / 20

The diluted share count rose 85.0% over five years; stock-based pay has been a median 3.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Clarivate PLC's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Clarivate PLC.