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Provider of intellectual property, scientific and academic research information, analytics and software services.
Provider of intellectual property, scientific and academic research information, analytics and software services.
Earns most of its income from annual subscriptions to databases and software that customers use every day, so revenue is recurring and tied to renewal rates; trademark and patent filing services add transaction-based income. It was carved out of Thomson Reuters in 2016 and has grown by acquisition.
Moat: narrow (data, switching costs, brand). Proprietary, decades-deep IP and citation databases are difficult and costly for rivals to replicate.
Headquarters: London, United Kingdom · Founded: 2016 · Employees: 12,000
Size Clarivate (CLVT) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $1.50B, the 1992nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.34 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -6.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 9.2% over the last twelve months (peer median +4.5%); the operating margin is 7.9% (peer median 10.6%).
Valuation It trades at 3.8× forward earnings against a peer median of 19.4× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points below its cost of capital (7.1% WACC).
Short interest Short interest is 7.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.27B | $2.46B | $2.56B | $2.63B | $2.66B |
| Revenue growth | — | -4% | -3% | -1% | — |
| Gross profit | $829M | $864M | $960M | $1.01B | $995M |
| EBITDA | $901M | $936M | $960M | $983M | $976M |
| Net income | -$386M | -$201M | -$637M | -$911M | -$3.96B |
| Free cash flow | $322M | $365M | $337M | $502M | $304M |
| Capital expenditure | $237M | $263M | $289M | $242M | $203M |
| Total debt | $4.18B | $4.48B | $4.59B | $4.81B | $5.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Clarivate CLVT | $1.50B | -16% | -9% | 8% | 3.8× | 13.4% |
| Relx REL.L | $70.4B | +23% | +2% | 32% | 21.3× | 1.8% |
| Thomson Reuters TRI.TO | $49.1B | +25% | +6% | 26% | 24.8× | 2.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CLVT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +43.6% | -8.2% | 2nd highest of 21 |
| 6-month return | -15.8% | -6.0% | 7th lowest of 21 |
| Distance from 52-week high | -39.5% | -36.0% | 8th lowest of 21 |
| Revenue growth (TTM) | -9.2% | +4.5% | 2nd lowest of 21 |
| Operating margin | 7.9% | 10.6% | 8th lowest of 21 |
| Forward P/E | 3.8× | 19.4× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 13.4% | 9.1% | 8th most demanding of 17 |
| Growth delivered (Del g) | +14.4% | +9.0% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -0.9 pp | -5.4 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | -5.4 pp | +0.9 pp | 5th lowest of 19 |
| EV / EBITDA | 6.0× | 9.7× | 2nd cheapest of 9 |
| Net debt / EBITDA | 4.4× | 1.2× | most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 3.8× | 13.4% | +14.4% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | n/a | n/a | n/a |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 12.7× | -2.2% | +6.3% |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 13.8× | -20.6% | +1.9% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 423.6× | n/a | n/a |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 14.2× | -2.3% | +6.7% |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 91.8× | n/a | n/a |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 14.6× | 10.8% | +21.0% |
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 28.7× | 26.1% | +38.9% |
| Yangzhou Tinfulong 603406.SS | China | $1.53B | -25% | -4% | 12% | n/a | 7.5% | +10.6% |
| AEM AWX.SI | Singapore | $1.55B | -18% | +15% | 11% | 23.4× | 15.4% | -5.1% |
| Offcn Education Technology 002607.SZ | China | $1.56B | -36% | -2% | 13% | 38.8× | 17.7% | -27.6% |
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% | +4.4% |
| MEITEC 9744.T | Japan | $1.57B | +3% | +2% | 14% | 18.7× | -4.6% | +7.3% |
| Derichebourg DBG.PA | France | $1.42B | -24% | -3% | 5% | 8.9× | 6.8% | +6.3% |
| China National Electric Apparatus Research Institute 688128.SS | China | $1.42B | -12% | +8% | 11% | 15.5× | 4.0% | +13.5% |
| eClerx Services ECLERX.NS | India | $1.59B | 0% | +22% | 20% | 19.4× | 17.2% | +21.4% |
| Siglent Technologies 688112.SS | China | $1.41B | -5% | +30% | 24% | 46.2× | 31.3% | +22.0% |
| Concord Biotech CONCORDBIO.NS | India | $1.40B | +2% | +4% | 28% | 38.2× | 47.1% | +11.6% |
| PharmaBlock Sciences (Nanjing) 300725.SZ | China | $1.61B | +16% | +11% | 11% | 44.6× | 27.8% | +14.1% |
| Wintech Nano (Suzhou) 688757.SS | China | $1.39B | -18% | +23% | 7% | n/a | n/a | n/a |