(YOU) Clear Secure - NYSE
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 6.905m USD | Total Return: 107.3% in 12m
Avg Turnover: 75.7M
EPS Trend: 87.1%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 14
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader, Confidence
Clear Secure, Inc. (NYSE: YOU) operates a proprietary identity verification platform focused on streamlining security checkpoints and authentication processes. Its primary revenue driver is CLEAR Plus, a subscription-based model that grants members expedited access to airport security lanes through biometric verification. The company has expanded its ecosystem to include B2B integrations, digital ID services, and TSA PreCheck enrollment processing.
The company operates within the broader digital identity and biometrics sector, which relies on high switching costs and network effects as more airports and venues adopt the technology. Unlike traditional hardware-focused security firms, Clear Secure utilizes a software-as-a-service (SaaS) model to scale its identity platform across travel, healthcare, and sports entertainment verticals.
Investors may find additional data points on the company’s valuation and growth metrics at ValueRay.
- CLEAR Plus subscription growth drives recurring revenue and airport network expansion
- TSA PreCheck enrollment partnership expands total addressable market and member base
- Platform diversification into B2B identity verification reduces reliance on aviation
- Operating leverage improves as member acquisition costs stabilize against rising renewals
- Regulatory changes in airport security protocols impact core verification competitive advantage
| Net Income: 122.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA -8.11 > 1.0 |
| NWC/Revenue: 0.52% < 20% (prev -13.27%; Δ 13.78% < -1%) |
| CFO/TA 0.33 > 3% & CFO 464.5m > Net Income 122.6m |
| Net Debt (-189.1m) to EBITDA (267.7m): -0.71 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.0m) vs 12m ago 3.62% < -2% |
| Gross Margin: 85.20% > 18% (prev 63.03%; Δ 22.17% > 0.5%) |
| Asset Turnover: 74.40% > 50% (prev 72.24%; Δ 2.16% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.00 (Total Current Assets 864.9m - Total Current Liabilities 860.0m) / Total Assets 1.42b |
| B: 0.09 (Retained Earnings 123.4m / Total Assets 1.42b) |
| C: 0.18 (EBIT TTM 232.8m / Avg Total Assets 1.27b) |
| D: 0.15 (Book Value of Equity 185.3m / Total Liabilities 1.21b) |
| Altman-Z'' = 1.70 = BBB |
| DSRI: 1.77 (Receivables 1.06m/512k, Revenue 942.4m/802.8m) |
| GMI: 0.74 (GM 63.03% / 85.20%) |
| AQI: 0.85 (AQ_t 0.28 / AQ_t-1 0.33) |
| SGI: 1.17 (Revenue 942.4m / 802.8m) |
| TATA: -0.24 (NI 122.6m - CFO 464.5m) / TA 1.42b) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at USD 51.45 with a total of 2,466,300 shares traded.
Over the past week, the price has changed by +0.88%,
over one month by -14.21%,
over three months by +5.75% and
over the past year by +107.34%.
Clear Secure has received a consensus analysts rating of 3.25. Therefore, it is recommended to hold YOU.
- StrongBuy: 1
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 62 | 20.5% |
P/E Trailing = 41.328
P/S = 7.3269
P/B = 28.0849
Revenue TTM = 942.4m USD
EBIT TTM = 232.8m USD
EBITDA TTM = 267.7m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 111.3m USD (Leases only: 111.3m)
Net Debt = -189.1m USD (calculated: Debt 111.3m - CCE 300.4m)
Enterprise Value = 6.72b USD (6.90b + Debt 111.3m - CCE 300.4m)
Interest Coverage Ratio = unknown (Ebit TTM 232.8m / Interest Expense TTM 0.0)
EV/FCF = 28.43x (Enterprise Value 6.72b / FCF TTM 236.2m)
FCF Yield = 3.52% (FCF TTM 236.2m / Enterprise Value 6.72b)
FCF Margin = 25.06% (FCF TTM 236.2m / Revenue TTM 942.4m)
Net Margin = 13.00% (Net Income TTM 122.6m / Revenue TTM 942.4m)
Gross Margin = 85.20% ((Revenue TTM 942.4m - Cost of Revenue TTM 139.5m) / Revenue TTM)
Gross Margin QoQ = 63.65% (prev none%)
Tobins Q-Ratio = 4.72 (Enterprise Value 6.72b / Total Assets 1.42b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 111.3m)
Taxrate = 20.13% (46.9m / 232.8m)
NOPAT = 185.9m (EBIT 232.8m * (1 - 20.13%))
Current Ratio = 1.00 (Total Current Assets 864.9m / Total Current Liabilities 866.4m)
Debt / Equity = 0.60 (Debt 111.3m / totalStockholderEquity, last quarter 185.3m)
Debt / EBITDA = -0.71 (Net Debt -189.1m / EBITDA 267.7m)
Debt / FCF = -0.80 (Net Debt -189.1m / FCF TTM 236.2m)
Total Stockholder Equity = 158.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.67% (Net Income 122.6m / Total Assets 1.42b)
RoE = 77.45% (Net Income TTM 122.6m / Total Stockholder Equity 158.2m)
RoCE = 41.41% (EBIT 232.8m / Capital Employed (Total Assets 1.42b - Current Liab 860.0m))
RoIC = 36.10% (NOPAT 185.9m / Invested Capital 515.1m)
WACC = 6.56% (E(6.90b)/V(7.02b) * Re(6.67%) + D(111.3m)/V(7.02b) * Rd(0.0%) * (1-Tc(0.20)))
Discount Rate = 6.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.44 | Cagr: 4.58%
[DCF] Terminal Value 73.27% ; FCFF base≈251.6m ; Y1≈222.7m ; Y5≈183.4m
[DCF] Fair Price = 31.07 (EV 2.94b - Net Debt -189.1m = Equity 3.13b / Shares 100.6m; r=8.35% [WACC [floored]]; 5y FCF grow -14.03% → 2.50% )
EPS Correlation: 87.10 | EPS CAGR: 69.86% | SUE: 0.54 | # QB: 0
Revenue Correlation: 99.03 | Revenue CAGR: 22.61% | SUE: 4.0 | # QB: 14
EPS current Quarter (2026-06-30): EPS=0.48 | Chg30d=+14.12% | Revisions=+50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.53 | Chg30d=+8.58% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=2.02 | Chg30d=+11.91% | Revisions=+50% | GrowthEPS=+31.7% | GrowthRev=+20.9%
EPS next Year (2027-12-31): EPS=2.67 | Chg30d=-5.07% | Revisions=+14% | GrowthEPS=+32.3% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +50%