analyticsData & Analytics
Data as of Q4 2025
Summary Verdict
CFLT: 1—CWAN: 4wins
Rule of 40
26.3CFLT
69.4CWAN
check_circleCWAN leads
Revenue Growth
21.1%CFLT
62.7%CWAN
check_circleCWAN leads
Gross Margin
74%CFLT
67%CWAN
check_circleCFLT leads
FCF Margin
5.2%CFLT
6.7%CWAN
check_circleCWAN leads
Operating Margin
-32.6%CFLT
1.1%CWAN
check_circleCWAN leads
NRR
—CFLT
—CWAN
Metric
Rule of 40Efficiency score
CFLT
26.3
CWAN
69.4check_circle
Revenue GrowthYoY
CFLT
21.1%
CWAN
62.7%check_circle
Gross Margin% of revenue
CFLT
74%check_circle
CWAN
67%
FCF MarginFree cash flow
CFLT
5.2%
CWAN
6.7%check_circle
Operating MarginGAAP
CFLT
-32.6%
CWAN
1.1%check_circle
NRRNet retention
CFLT
N/A
CWAN
N/A
EV / RevenueValuation multiple
CFLT
10.1x
CWAN
N/A
Market CapUSD
CFLT
$11.1B
CWAN
N/A
ARR GrowthYoY
CFLT
N/A
CWAN
N/A
CAC PaybackMonths to recover
CFLT
N/A
CWAN
N/A
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insights
Analysis
As of Q4 2025, Confluent, Inc. trades at 10.1x EV/Revenue versus Clearwater Analytics Holdings, Inc. at N/A. On the Rule of 40, Confluent, Inc. scores 26.3 compared to Clearwater Analytics Holdings, Inc.'s 69.4, placing Clearwater Analytics Holdings, Inc. ahead in operating efficiency. Gross margins stand at Confluent, Inc. 74% vs Clearwater Analytics Holdings, Inc. 67%.
Sector Context
Both companies operate in the Data & Analytics sector. The median columns above show where each company stands relative to their peers.