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Clarivate vs Pegasystems: CLVT and PEGA compared
Clarivate is the larger company: $482M of revenue in its latest quarter (Q3 2026) against $393M for Pegasystems (Q3 2026). Pegasystems is growing faster (+3% against -9% a year earlier). Clarivate is more profitable, with an operating margin of 8.3% against 3.8%.
Where the money goes: CLVT and PEGA
Clarivate (CLVT) · Q3 2026
Clarivate, Q3 2026: revenue $482M (-9% year over year), operating margin 8.3%, net loss $80.8M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
Pegasystems (PEGA) · Q3 2026
Pegasystems, Q3 2026: revenue $393M (+3% year over year), operating margin 3.8%, net earnings $14.1M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Clarivate (CLVT) | Pegasystems (PEGA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $482M | $393M |
| Revenue growth, Y/Y | -9% | +3% |
| Gross margin | — | 73.6% |
| Operating margin | 8.3% | 3.8% |
| Net earnings | −$80.8M | $14.1M |
| Net margin | -16.8% | 3.6% |
| Operating cash flow | $166M | $6.1M |
| Free cash flow | $110M | $1.6M |
| Market value | $1.5B | $5.5B |
| P/E | — | 20.2× |
| Analysts’ mean target | $3.00 | $41.00 |
Where the revenue comes from
Clarivate
- Recurring Revenues: $444M (92%)
- Transactional and other revenues: $37.5M (8%)
Pegasystems
- Subscription: $347M (88%)
- Consulting: $46.2M (12%)
Questions
Which is bigger, Clarivate or Pegasystems?
Clarivate is the larger company: $482M of revenue in its latest quarter (Q3 2026) against $393M for Pegasystems (Q3 2026).
Is Clarivate or Pegasystems growing faster?
Pegasystems is growing faster (+3% against -9% a year earlier).
Which is more profitable, Clarivate or Pegasystems?
Clarivate is more profitable, with an operating margin of 8.3% against 3.8%.
More: Clarivate earnings · how Clarivate makes money · Pegasystems earnings · how Pegasystems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.