A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Clear Secure, Inc.
YOU
$3.5B
Mkt Cap
$52.24
+0.75%
Clear Secure, Inc. (YOU) has a current P/E ratio of 46.6, compared to its historical median P/E of 32.0. The stock is currently considered Fair based on its historical valuation range.
Clear Secure, Inc. (YOU) has a 5-year average return on invested capital (ROIC) of 21.7%. This indicates strong capital allocation and a potential competitive advantage.
Clear Secure, Inc. (YOU) does not currently pay a regular dividend.
Based on historical P/E analysis, Clear Secure, Inc. (YOU) appears fair. The current P/E of 46.6 is 46% above its historical median of 32.0. The estimated fair value CAGR (P/E method) is 63.5%.
Clear Secure, Inc. (YOU) operates in the Services-Prepackaged Software industry, within the Technology sector.
Clear Secure, Inc. (YOU) reported annual revenue of $901 million in its most recent fiscal year, based on SEC EDGAR filings.
Clear Secure, Inc. (YOU) has a net profit margin of 12.1%. This is a healthy margin.
Clear Secure, Inc. (the “Company” or “CLEAR”) is a secure identity company making experiences safer and easier - both digitally and physically. We make everyday experiences frictionless by connecting your identity to all the things that make you, YOU - transforming the way you live, work, and travel. CLEAR has been delivering secure, frictionless experiences in airports for over 15 years, achieving exceptional user delight and trust with CLEAR+, our consumer travel subscription service. CLEAR+ enables access to predictable and fast experiences through dedicated entry lanes in airport security checkpoints nationwide. Additionally, our CLEAR Travel portfolio includes TSA PreCheck® Enrollment Provided by CLEAR, premium services such as CLEAR Concierge, other travel benefits such as expedited passport services, our free CLEAR app which helps travelers plan their trip Home to Gate, and other mobile-first identity solutions such as CLEAR ID.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 942M | 901M | 770M | 614M | 437M | 254M |
| Net Income | 123M | 109M | 170M | 28M | -66M | -36M |
| EPS | $0.00 | - | - | - | $-0.75 | - |
| Free Cash Flow | 437M | 343M | 284M | 199M | 137M | 42M |
| ROIC | 10.7% | 80.9% | 57.1% | 7.6% | -23.1% | -14.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.37 | 1.01 | 0.95 | 0.84 | 0.45 | 0.98 |
| Dividends/Share | $0.00 | - | - | $0.20 | $0.25 | - |
| Operating Income | 211M | 186M | 123M | 20M | -129M | -115M |
| Operating Margin | 22.4% | 20.7% | 16.0% | 3.3% | -29.5% | -45.3% |
| ROE | 66.1% | 58.1% | 78.6% | 10.7% | -23.1% | 34.5% |
| Shares Outstanding | 0M | - | - | - | 88M | - |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 192M | 231M | 254M | 437M | 614M | 770M | 901M | 942M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 21M | 32M | 47M | 67M | 74M | 73M | 72M | 73M |
| SG&A | 92M | 118M | 169M | 278M | 222M | 218M | 232M | 241M |
| EBIT | -56M | -19M | -115M | -129M | 20M | 123M | 186M | 211M |
| Op. Margin | -29.2% | -8.2% | -45.3% | -29.5% | 3.3% | 16.0% | 20.7% | 22.4% |
| Net Income | -54M | -9.3M | -36M | -66M | 28M | 170M | 109M | 123M |
| Net Margin | -28.2% | -4.0% | -14.2% | -15.0% | 4.6% | 22.0% | 12.1% | 13.0% |
| Non-Recurring | -125K | -238K | 0 | 0 | 0 | 0 | 635K | 635K |
| Returns on Capital | ||||||||
| ROIC | N/A | -8.1% | -14.1% | -23.1% | 7.6% | 57.1% | 80.9% | 10.7% |
| ROE | 21.6% | 2.4% | 34.5% | -23.1% | 10.7% | 78.6% | 58.1% | 66.1% |
| ROA | N/A | -8.0% | -6.9% | -7.1% | 2.7% | 15.2% | 8.7% | 8.6% |
| Cash Flow | ||||||||
| Op. Cash Flow | 17M | -12M | 70M | 168M | 225M | 296M | 372M | 464M |
| Free Cash Flow | 1.9M | -29M | 42M | 137M | 199M | 284M | 343M | 437M |
| Owner Earnings | -5.4M | -25M | 21M | 11M | 166M | 234M | 299M | 387M |
| CapEx | 15M | 17M | 28M | 31M | 26M | 12M | 29M | 27M |
| Maint. CapEx | 7.3M | 9.4M | 12M | 19M | 22M | 26M | 35M | 35M |
| Growth CapEx | 7.4M | 7.1M | 16M | 13M | 3.9M | 0 | 0 | 0 |
| D&A | 7.3M | 9.4M | 12M | 19M | 22M | 26M | 35M | 35M |
| CapEx/OCF | N/A | N/A | 40.4% | 18.6% | 11.4% | 4.1% | 7.9% | 5.8% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 14M | 39M | 48M | 51M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 12M | 210M | 12M | 4.9M | 70M | 273M | 126M | 26M |
| Buyback Yield | 0.0% | N/A | 0.3% | 0.2% | 3.9% | 9.5% | 3.6% | 0.0% |
| Stock-Based Comp | 15M | 3.4M | 37M | 138M | 37M | 35M | 39M | 42M |
| Debt Repayment | 0 | 0 | 718K | 0 | 0 | 1.2M | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | -575M | -527M | -422M | -520M | -732M |
| Cash & Equiv. | 236M | 116M | 280M | 39M | 58M | 67M | 86M | 800M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 68M |
| Debt/Equity | N/A | -0.31 | 0.98 | 0.45 | 0.84 | 0.95 | 1.01 | 0.37 |
| Interest Coverage | N/A | -67.8 | -146.8 | -356.5 | 48.1 | 622.2 | N/A | N/A |
| Equity | -283M | -487M | 278M | 291M | 233M | 198M | 178M | 185M |
| Total Assets | N/A | 232M | 813M | 1.0B | 1.0B | 1.2B | 1.3B | 1.4B |
| Total Liabilities | N/A | 150M | 273M | 527M | 676M | 957M | 1.1B | 1.2B |
| Intangibles | N/A | 1.6M | 23M | 22M | 21M | 15M | 2.8M | 2.6M |
| Retained Earnings | N/A | -495M | -36M | -102M | -74M | 84M | 120M | 123M |
| Working Capital | N/A | 26M | 388M | 344M | 218M | 19M | 4.7M | 4.9M |
| Current Assets | N/A | 172M | 653M | 742M | 770M | 662M | 765M | 865M |
| Current Liabilities | N/A | 146M | 265M | 397M | 552M | 643M | 760M | 860M |
| Per Share Data | ||||||||
| EPS | N/A | N/A | N/A | -0.75 | N/A | N/A | N/A | 0.00 |
| Owner EPS | N/A | N/A | N/A | 0.13 | N/A | N/A | N/A | N/A |
| Book Value | N/A | N/A | N/A | 3.32 | N/A | N/A | N/A | 0.00 |
| Cash Flow/Share | N/A | N/A | N/A | 1.92 | N/A | N/A | N/A | 0.00 |
| Dividends/Share | N/A | N/A | N/A | 0.25 | 0.20 | N/A | N/A | 0.00 |
| Shares Out. | N/A | N/A | N/A | 87.8M | N/A | N/A | N/A | 0.0M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 63.9 | 17.0 | 32.0 | N/A |
| P/FCF | N/A | N/A | N/A | 15.5 | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -3.5 |
| Price/Book | N/A | N/A | 15.1 | 6.8 | 7.7 | 14.5 | 19.7 | N/A |
| Price/Sales | N/A | N/A | 155.0 | 33.9 | 22.1 | 22.8 | 22.2 | N/A |
| FCF Yield | N/A | N/A | 1.0% | 6.9% | 11.1% | 9.8% | 9.8% | N/A |
| Market Cap | 0 | N/A | 4.2B | 2.0B | 1.8B | 2.9B | 3.5B | 0 |
| Avg. Price | 0.00 | N/A | 37.62 | 23.30 | 21.56 | 22.62 | 29.12 | 52.24 |
| Year-End Price | 0.00 | N/A | 27.25 | 24.15 | 19.81 | 26.49 | 35.85 | 52.24 |
Clear Secure, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Clear Secure, Inc. trades at 46.6x trailing earnings, compared to its 15-year median P/E of 32.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.1x vs a median of 15.5x. The company's 5-year average ROIC is 21.7%. At current prices, the estimated annualized return to fair value is +86.6%.
Clear Secure, Inc. (YOU) generated $343 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Clear Secure, Inc. (YOU) has a debt-to-equity ratio of 1.01. This indicates moderate leverage.
Clear Secure, Inc. (YOU) has a return on equity (ROE) of 58.1%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 7 years of financial data for Clear Secure, Inc. (YOU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.