Clearway Energy, Inc.

CWENNYSEUtilities● Active

$38.91

$-0.83(-2.09%)

Market Cap$8.0B

P/E Ratio—

52W High$41.74

52W Low$27.67

Avg Volume961K

Open$40.40

Beta0.86

Free Cash Flow Financials Revenue

Clearway Energy, Inc. (CWEN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CWEN · free cash flow · updated Jun 8, 2026

Core FCF metrics

CWEN · FCF · TTM · margin & CAGR

Free cash flow was $369.0M for FY2025 (fiscal year ending 2025-12-31), down 23.6% year-over-year The FCF margin was 25.8%. Five-year CAGR stands at -2.6%.

FY2025 Free Cash Flow$369.0M▼ -23.6% YoY

Trailing 12M (TTM)$586.0Mtrailing 4 quarters sum

FCF Margin25.8%$369.0M ÷ revenue

3-Year CAGR-18.2%FY2022 → FY2025

5-Year CAGR-2.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CWEN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$688.0M(319M)$369.0M▼ 23.6%25.8%

FY2024$770.0M(287M)$483.0M▲ +18.4%35.2%

FY2023$702.0M(294M)$408.0M▼ 39.6%31.1%

FY2022$787.0M(112M)$675.0M▲ +22.7%56.7%

FY2021$701.0M(151M)$550.0M▲ +30.6%42.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CWEN · P/FCF · FCF yield · FCF per share

Clearway Energy, Inc. (CWEN) trades at a FCF yield of 7.11% and a price-to-free-cash-flow ratio of 7.9x. FCF per share stands at $4.92, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.11%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.92

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x30.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CWEN · cash flow statement · operating / investing / financing

For FY2025, Clearway Energy, Inc. generated $688.0M in operating cash flow and spent 319M in capital expenditures, yielding $369.0M in free cash flow.

Operating Activities

+$688.0M

Cash from core business operations

2025-12-31

Investing Activities

+$321.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$924.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($688.0M) − |CapEx| (319M) = FCF ($369.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

CWEN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Clearway Energy, Inc.YOU

CWEN

$369.0M-23.6%25.8%

10%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Clearway Energy, Inc. (CWEN) reported free cash flow of $369.0M for FY2025 (fiscal year ending 2025-12-31), down 23.6% year-over-year. The FCF margin was 25.8%.

Based on available data, Clearway Energy, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $675.0M in FY2022. The 5-year CAGR stands at -2.6%.

Clearway Energy, Inc.'s FCF yield is 7.11% and price-to-FCF ratio is 7.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CWEN free cash flow · 8 questions

Clearway Energy, Inc. free cash flow was $369.0M for FY2025, down 23.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $586.0M.

CWEN free cash flowCWEN FCFCWEN FCF 2025CWEN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Clearway Energy, Inc. · Clearway Energy, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026