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Clear Secure, Inc.
$45.18
+2.85% Oct 19 close
Information TechnologyS&P 600
-5%+21%+47%+73%+99%Oct 2025Oct 2026Apr 2026
YOUSPY
1W
+6.4%
1M
+18.6%
3M
-20.7%
6M
-20.0%
YTD
+30.6%
1Y
+47.0%

Live chart

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What they do

Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. It provides secure identity platform, a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints.

Technology · Software - Application

For information only · Important disclosures

Grades vs sector

Momentum
58th percentile in sector
B-
12-1 return: +40.1%
Percentile within its GICS sector across the S&P 1500.
Growth
71st percentile in sector
B
Revenue growth (YoY): +26.6%
Percentile within its GICS sector across the S&P 1500.
Value
62nd percentile in sector
B-
Forward E/P: 5.9% · EBITDA/EV: 7.4%
Percentile within its GICS sector across the S&P 1500.
Profitability
81st percentile in sector
A-
Profit margin: +14.8% · Return on equity: +119.2%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
CLEAR To Announce Third Quarter 2026 Financial Results On November 4, 2026
PR Newswire · 11h ago

Key stats

Market value$4.7B
P/E (last 12 months)30.5
P/E (next 12 months, estimated)17.5
52-week range$30.23 – $69.07
Revenue growth (latest quarter vs a year ago)+26.6%
Dividend yield1.27%
Analyst consensusBuy (6)
Average analyst price target$58.17 (+29%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks undervalued
Model read-out from the numbers below, not advice. Score +3 (DCF counts double).
▲DCF (base case)above the price by 542%
•Forward P/E vs sector17.5x vs median 16.9x
•Piotroski F-score5/9
▲Altman Z3.4 (safe)
▲Net debt / EBITDA-3.4x
▲Analyst target+29% (6 analysts)

Discounted cash flow

Bear
$139
+208%
growth 16% · disc. 10.2% · term. 2.0%
Base
$290
+542%
growth 27% · disc. 9.2% · term. 2.5%
Bull
$527
+1066%
growth 34% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -8% a year for 10 years.
Implied
-8%/yr
FCF, last 3 yrs
+36%/yr
FCF, last 5 yrs
n/a
Revenue, last 3 yrs
+27%/yr
Revenue, last 5 yrs
+31%/yr
Same inputs as the DCF above: trailing free cash flow 0.5B, 9.2% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.99 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9× · 42nd pct
30.5×
cheaper
Forward P/E
sector median 16.9× · 52nd pct
17.5×
pricier
EV / EBITDA
sector median 20.8× · 24th pct
13.0×
cheaper
Price / sales
sector median 4.6× · 51st pct
4.7×
pricier
Price / book
sector median 5.1× · 91st pct
22.7×
pricier
FCF yield
sector median 3.5% · 93rd pct
10.9%
cheaper

Forward EPS $2.61 vs trailing $1.49 (+75% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
25.1%
FCF margin
50.8%
Net margin
14.8%
Return on equity
71.7%
Return on invested capital
–
Net debt / EBITDA
-3.4×
Current ratio
1.0×
Interest cover
–
Cash conversion (OCF/NI)
3.7×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 3.4 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$58
+29%
Analysts
6
Buy
Range
$45–$70
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$900.8M$109.2M$343.1M
2024$770.5M$169.7M$283.7M
2023$613.6M$28.1M$199.5M
2022$437.4M$-65.6M$136.9M
2021$254.0M$-36.1M$41.6M
2020$230.8M–$-28.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +27.2%.

Earnings

Next report: 2026-11-04 · before open · EPS est 0.54
24-1125-0225-0525-0825-1126-0226-0526-080.000.90
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-050.470.57+22.0%
2026-05-060.360.47+32.0%
2026-02-250.430.46+6.7%
2025-11-060.330.37+12.8%
2025-08-050.340.36+5.9%
2025-05-080.300.34+15.6%
2025-02-260.290.90+206.2%
2024-11-070.330.30-9.0%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$277.8M+26.6%
2026-03-31$253.0M–
2025-12-31$240.8M–
2025-09-30$229.2M–
2025-06-30$219.5M–
Analyst actions
DA Davidson
2026-09-11 · main
Neutral → Neutral
PT $45
DA Davidson
2026-07-28 · main
Neutral → Neutral
PT $55
Wells Fargo
2026-05-07 · main
Underweight → Underweight
PT $40
DA Davidson
2026-05-07 · down
Buy → Neutral
PT $60
Needham
2026-05-06 · main
Buy → Buy
PT $70
DA Davidson
2026-03-26 · main
Buy → Buy
PT $65

Recent dividends

2026-09-10: $0.150 · 2026-06-10: $0.150 · 2026-03-10: $0.350 · 2025-12-10: $0.125 · 2025-09-10: $0.125 · 2025-06-10: $0.125 · 2025-03-10: $0.395 · 2024-12-10: $0.125

Stats refreshed 2026-10-21 12:07:21 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026