8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Feb 18, 2026·SEC
Material company update
Oct 28, 2025·SEC
Clearwater Paper Corporation(CLW)Earnings, Financials & Key Ratios
CLW•NYSE
$15.68
Price updated Jul 7, 2026
AboutClearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products. It sells its products to packaging converters, folding carton converters, merchants, and commercial printers. The Consumer Products segment provides a line of at-home tissue products, including bath tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home tissues. This segment sells its products to retailers and wholesale distributors, including grocery, club, mass merchants, and discount stores. Clearwater Paper Corporation was incorporated in 2005 and is headquartered in Spokane, Washington.Show more
- Revenue$1.56B+12.4%
- EBITDA$112M+287.2%
- Net Income-$20M+81.9%
- EPS (Diluted)-1.24-110.6%
- Gross Margin7.43%+35.1%
- EBITDA Margin7.17%+244.4%
- Operating Margin1.21%+140.8%
- Net Margin-1.29%+83.9%
- ROE-2.39%+83.6%
CLW Price & Volume
Clearwater Paper Corporation (CLW) stock price & volume — 10-year historical chart
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Persistent Margin Compression Challenges Clearwater Paper Solvency
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to maintain positive operating margins
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and margin volatility
Key Thesis Takeaways
- Clearwater Paper faces a precarious fundamental outlook characterized by structural margin erosion and severe liquidity constraints, as evidenced by a negative 0.2% gross margin in 2026Q1.
- The company's reliance on capital-intensive mill infrastructure, which required $9.1 million in CapEx during 2026Q1, continues to outpace its ability to generate consistent free cash flow.
- Investors should remain cautious as the firm struggles to stabilize its top-line, which declined 4.7% year-over-year, while maintaining a dangerously thin cash buffer of only $36.5 million.
Verdict Logic
which hit -2.9% in 2026Q1, combined with a precarious $36.5 million cash balance, presents significant solvency risks.
CLW Growth Metrics
Clearwater Paper Corporation (CLW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.19%
5 Years-3.6%
3 Years-9.23%
TTM2.3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM82%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-116.34%
Return on Capital
10 Years4.05%
5 Years4.11%
3 Years3.71%
Last Year1.38%
CLW Recent Earnings
Clearwater Paper Corporation (CLW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.29+2.3%
$1.32
Rev
$360M-0.9%
$364M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.42+15.2%
$0.49
Rev
$386M+2.0%
$379M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.51+3.8%
$0.53
Rev
$399M+2.9%
$388M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.22+141.5%
$0.53
Rev
$392M+1.0%
$388M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.29vs $1.32+2.3% | $360Mvs $364M-0.9% |
| Q1 2026 | Feb 18, 2026 | $0.42vs $0.49+15.2% | $386Mvs $379M+2.0% |
| Q4 2025 | Oct 28, 2025 | $0.51vs $0.53+3.8% | $399Mvs $388M+2.9% |
| Q3 2025 | Jul 29, 2025 | $0.22vs $0.53+141.5% | $392Mvs $388M+1.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Clearwater Paper Corporation (CLW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $15.68 | $252.84M | -12.65 | 12.42% | -1.29% | -2.39% | — | |
| $38.72 | $1.54B | 12.02 | -11.18% | 3.1% | 10.51% | — | |
| $801.99 | $29.73B | 41.86 | 10.16% | 4.07% | 18.73% | — | |
| $37.92 | $20.08B | -5.65 | 33.71% | -13.42% | -20.44% | — | |
| $232.40 | $20.71B | 27.09 | 7.23% | 8.03% | 15.95% | — | |
| $56.49 | $5.57B | 14.19 | 41.72% | 13.83% | 30.03% | — |
Compare CLW vs Peers
Clearwater Paper Corporation (CLW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLW SEC Filings & Documents
Clearwater Paper Corporation (CLW) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CLW Frequently Asked Questions
Clearwater Paper Corporation (CLW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Clearwater Paper Corporation's revenue?
Clearwater Paper Corporation (CLW) reported $1.54B in revenue for fiscal year 2025. This represents a 39% increase from $1.11B in 2006.
How fast is Clearwater Paper Corporation growing?
Clearwater Paper Corporation (CLW) grew revenue by 12.4% over the past year. This is steady growth.
Is CLW profitable?
Clearwater Paper Corporation (CLW) reported a net loss of $27.0M for fiscal year 2025.
Dividend & Returns
What is CLW's return on equity?
Clearwater Paper Corporation (CLW) has a return on equity (ROE) of -2.4%. Negative ROE indicates the company is unprofitable.
What is Clearwater Paper Corporation's free cash flow?
Clearwater Paper Corporation (CLW) had negative free cash flow of $53.9M in fiscal year 2025, likely due to heavy capital investments.