Clarivate PLC CLVT

IndustrialsProfessional & Commercial ServicesUnited Kingdom

Last close 1.66 USD on Nov 2, 2026, −50.3% year to date

Quant rating

Quant rating C Rank 265 of 418 in Industrials

Growth C 226 of 418
Valuation B 96 of 418
Quality C 169 of 418
Revisions C 273 of 418
Momentum D 366 of 418

Wall Street consensus Hold (3.00)Average target 2.69 USD +61.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 5.1B
52-week range: 1.43 – 3.87
3-year range: 1.43 – 9.44
Dividend yield: –
Beta (5 years): 1.39
Shares outstanding: 640M
Next earnings: Nov 3, 2026

About the company

Clarivate Plc is a provider of transformative intelligence. The Company offers intelligence solutions, workflow solutions, and tech-enabled services to its customers. Its Intelligence solutions include up-to-date knowledge assets, combining data, structured taxonomies, and analytical models that transform complex information into actionable insights powered by a combination of artificial intelligence (AI)-enabled software and human expertise. It operates through two segments, which include Academia & Government (A&G), and Intellectual Property (IP). The Academia & Government segment connects trusted content, responsible technology, and editorial expertise to fuel academic success and advance national outcomes for institutions and users globally. The Intellectual Property segment provides intellectual property data, software, and helps companies drive innovation, law firms achieve practice excellence, and organizations manage and protect critical intellectual property assets.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,455	2,557	2,629	2,660	1,877	–
Revenue growth	−4.0%	−2.7%	−1.2%	41.7%	49.7%	14.4%
EPS (basic, normalized)	0.69	0.73	0.82	0.85	0.72	–
EPS growth	−5.5%	−11.0%	−3.5%	18.1%	–	–
Gross margin	66.0%	66.0%	65.5%	64.1%	66.6%	65.7%
Net margin	−8.2%	−26.1%	−40.2%	−151.7%	−16.6%	−48.6%
ROE	−4.0%	−11.4%	−15.3%	−42.3%	−2.6%	−15.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	205
Current ratio	0.85x
Long-term debt (mil)	4,209
Net debt (mil)	4,006
Total equity (mil)	4,538
Net debt / equity	0.88x
Net debt / EBITDA	4.00x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,455	−4.0%	2.1x	1,002	−4.8%	5.1x	0.69	−5.5%	2.4x
2026	2,304	−6.2%	2.2x	980	−2.2%	5.2x	0.74	+6.7%	2.3x
2027	2,207	−4.2%	2.3x	961	−1.9%	5.3x	0.74	+1.1%	2.2x
2028	2,228	+1.0%	2.3x	969	+0.8%	5.2x	0.82	+10.5%	2.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,304	−1.0%	−1.2%	−2.7%	0.74	−0.7%	−0.7%	−1.8%
2027	2,207	−3.8%	−4.3%	−8.6%	0.74	−2.8%	−0.8%	−6.7%
2028	2,228	−3.9%	−4.7%	−10.2%	0.82	−4.3%	−0.9%	−10.5%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	621	650	622	663	594	621	623	617	586	587
Sales mean (mil)	615	652	641	660	570	589	570	605	569	590
Surprise	+1.0%	−0.2%	−2.9%	+0.4%	+4.1%	+5.4%	+9.3%	+2.0%	+2.8%	−0.4%
EPS reported	0.14	0.20	0.19	0.21	0.14	0.18	0.18	0.20	0.18	0.19
EPS mean	0.14	0.18	0.19	0.20	0.12	0.17	0.16	0.17	0.14	0.18
Surprise	+0.6%	+10.2%	+2.2%	+3.6%	+20.7%	+3.8%	+11.3%	+20.6%	+24.3%	+5.0%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CLVT Clarivate PLC	1.1B	4.00x	−8.2%	0.23x	2.3x	2.2x	5.2x	5.3x
SPGI S&P Global Inc.	137.8B	2.06x	29.2%	6.99x	26.6x	23.6x	19.2x	18.1x
ADP Automatic Data Processing Inc	117.9B	0.26x	20.1%	23.21x	24.2x	22.1x	17.2x	15.9x
CTAS Cintas Corporation	89.3B	0.70x	17.7%	17.25x	40.6x	36.4x	26.8x	24.5x
MCO Moody's Corporation	87.2B	1.38x	31.9%	26.70x	30.2x	27.2x	21.1x	19.5x
TRI Thomson Reuters Corp	53.1B	0.96x	19.8%	4.74x	28.0x	24.4x	17.5x	15.8x
Mean		1.56x	18.4%	13.19x	25.3x	22.7x	17.8x	16.5x
Median		1.17x	19.9%	12.12x	27.3x	24.0x	18.3x	17.0x

Technical analysis

1M+12.2%
3M−16.2%
1Y−51.2%
3Y−75.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Clarivate PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,455	2,557	2,629	2,660	1,877	1,254
Cost of revenue	834	869	906	954	626	429
Gross profit	1,622	1,687	1,722	1,706	1,251	825
Selling, general & administrative expenses	686	710	732	716	600	423
Research & development	–	–	–	–	–	–
Depreciation/amortization	757	727	708	710	538	303
Interest expense (income), operating	34.9	4.2	38.9	−252	−61.7	185
Unusual expense (income)	88.2	524	979	4,252	176	120
Other operating expenses	−16.3	−1.3	−0.3	−0.9	4.8	−4.5
Operating income	71.5	−276	−735	−3,719	−5.7	−202
Net interest income (expense)	−265	−278	−278	−270	−252	−112
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	−194	−554	−1,012	−3,989	−258	−314
Provision for taxes	7.2	82.9	−30.9	−28.9	12.3	−2.3
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−201	−637	−982	−3,960	−270	−312
Extraordinary items	–	–	70.4	–	–	–
Net income	−201	−637	−911	−3,960	−270	−312
EBIT, normalized	195	252	283	280	108	104
EBITDA, normalized	952	979	991	991	646	407
Basic EPS, normalized	0.69	0.73	0.82	0.85	0.72	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Clarivate PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	317	285	358	349	431	258
Receivables	822	798	908	872	906	738
Total inventory	–	–	–	–	–	–
Prepaid expenses	94.2	85.9	88.5	89.4	76.6	58.3
Other current assets	77.5	75.7	108	84.9	223	93.8
Total current assets	1,310	1,245	1,462	1,395	1,637	1,148
Property, plant & equipment	99.3	107	107	113	170	169
Goodwill	1,567	1,567	2,024	2,876	7,905	6,043
Intangibles	8,008	8,441	9,007	9,438	10,392	7,370
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	85.3	131	107	122	78.6	61.2
Total assets	11,069	11,490	12,707	13,945	20,183	14,791
Liabilities
Accounts payable	151	124	144	101	129	82.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	375	450	466	510	683	429
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	102	–	–	1.0	30.6	28.6
Other current liabilities	941	859	990	948	1,059	883
Total current liabilities	1,569	1,434	1,600	1,560	1,902	1,423
Long-term debt	4,322	4,519	4,721	5,005	5,456	3,458
Minority interest	–	–	–	–	–	–
Other liabilities	336	399	393	568	899	875
Total liabilities	6,226	6,351	6,714	7,132	8,257	5,756
Shareholders' equity
Preferred stock	–	0	1,393	1,393	1,393	–
Common stock	12,811	12,979	11,740	11,745	11,828	9,989
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	−7,515	−7,314	−6,646	−5,659	−1,604	−1,251
Treasury stock	–	–	–	0	−17.0	−196
Other equity	−453	−526	−495	−666	327	492
Total equity	4,843	5,139	5,992	6,812	11,926	9,035
Total liabilities & shareholders' equity	11,069	11,490	12,707	13,945	20,183	14,791

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Clarivate PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−201	−637	−911	−3,960	−270	−351
Depreciation, depletion & amortization	757	727	708	710	538	303
Deferred taxes	−41.5	21.2	−78.4	−54.3	−13.4	−45.5
Non-cash items	110	560	1,086	4,085	1.7	249
Changes in working capital	3.5	−24.9	−60.4	−272	68.1	107
Cash from operations	628	647	744	509	324	264
Investing activities
Capital expenditures	−263	−321	−248	−228	−119	−114
Other investing cash flows	0	84.4	10.5	285	−3,926	−2,875
Cash from investing	−263	−237	−237	57.3	−4,044	−2,989
Financing activities
Financing cash flow items	−18.6	−34.3	−20.5	−17.0	−57.5	−79.2
Cash dividends paid	0	−37.7	−75.5	−75.4	−18.9	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−324	−398	−400	−667	4,109	3,006
Cash from financing	−343	−470	−496	−759	4,032	2,927
Foreign exchange effects	11.8	−15.3	3.6	−38.2	3.7	−5.0
Net change in cash	34.0	−75.5	13.9	−231	315	196
Free cash flow	365	326	496	282	205	150

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.