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Clearwater Paper Corporation

CLW Basic Materials Paper & Paper Products

Clearwater Paper Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 12.4% from fiscal 2024.

Revenue: −3.53%
EPS: +97.0%
Free cash flow: +1.27%
Total debt: +68.8%

Quarter to September 2026, against a year earlier

13.33 0.56 −4.03%

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Market cap: $224.2M
P/E: 82.9×
Fwd P/E: −4.7×
Dividend yield: —
F-score: 6/9
Altman Z: 2.11
Beneish M: −2.92
Dividend safety: n/a

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	23.11	7.80	0.00	0.00	8.14	0.00	13.45	5.68	2.54	0.00
Piotroski F-Score Full definition →	6	6	2	5	8	3	6	7	6	6
P/S ratio Full definition →	0.65	0.44	0.23	0.20	0.33	0.35	0.30	0.38	0.36	0.18
Altman Z-Score Full definition →	2.34	1.96	1.34	1.64	2.21	1.99	1.90	1.97	1.96	2.11
P/FCF ratio Full definition →	65.02	0.00	0.00	0.00	3.02	10.60	5.36	5.20	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	2.28	2.00	0.83	1.96	2.87	2.43	3.08	3.44	3.42	4.01
Beneish M-Score Full definition →	(2.80)	(2.59)	(3.70)	(1.97)	(3.13)	(2.51)	(2.79)	(0.72)	(1.04)	(2.92)
P/Operating CF Full definition →	33.41	28.68	8.41	4.92	8.82	19.21	35.96	9.27	(14.18)	56.27
P/B ratio Full definition →	2.41	1.32	0.94	0.82	1.20	1.20	1.09	0.91	0.58	0.34
Price to Tangible BV Full definition →	6.11	2.55	1.09	0.93	1.32	1.32	1.19	0.97	0.62	0.34
EV/Sales Full definition →	1.05	0.85	0.69	0.70	0.70	0.69	0.55	0.63	0.51	0.38
EV/EBITDA Full definition →	8.81	8.35	6.00	7.45	4.72	10.26	5.19	4.73	14.90	5.94
EV/Operating CF Full definition →	10.50	8.23	7.07	22.20	5.29	12.75	7.58	5.28	11.41	48.52
EV/FCF Full definition →	104.19	(70.02)	(9.42)	(14.61)	6.31	21.19	9.75	8.61	(12.69)	(7.80)
Quick Ratio Full definition →	0.49	0.42	0.39	0.64	0.80	0.76	0.78	0.48	0.84	1.05
Current Ratio Full definition →	1.22	1.08	0.99	1.66	1.94	1.92	1.88	1.97	1.70	2.43
Net Debt/EBITDA Full definition →	3.31	4.03	3.98	5.32	2.46	5.13	2.50	2.20	4.31	3.14
Debt/Assets Full definition →	41.84%	40.26%	45.58%	48.06%	39.89%	37.82%	33.21%	26.36%	16.81%	21.79%
Debt/Equity Full definition →	1.50	1.26	1.91	2.09	1.38	1.25	0.99	0.66	0.33	0.42
Asset Turnover Full definition →	1.08	0.99	0.96	0.96	1.02	1.02	0.70	0.67	0.83	0.95
Operating CF/Net income Full definition →	3.49	1.84	(1.17)	(9.93)	3.20	(3.43)	3.27	1.77	0.31	(0.66)
Capex/Depreciation Full definition →	(1.71)	(1.90)	(1.00)	(1.16)	(0.33)	(0.36)	(0.32)	(0.72)	(1.04)	(0.62)
Interest Coverage Full definition →	3.74	2.27	(3.19)	1.01	3.40	0.33	8.87	8.22	(2.21)	(2.51)
ROE Full definition →	10.49%	18.62%	(28.71%)	(1.30%)	16.18%	(5.44%)	8.49%	17.36%	25.77%	(2.21%)
ROA Full definition →	3.09%	5.58%	(8.01%)	(0.31%)	4.19%	(1.61%)	2.71%	6.38%	11.72%	(1.14%)
ROIC Full definition →	6.23%	3.46%	(5.02%)	2.16%	8.22%	0.67%	5.72%	4.57%	(3.82%)	(2.31%)
Return on Tangible Assets Full definition →	4.83%	8.97%	(11.38%)	(0.39%)	5.42%	(2.14%)	3.56%	16.86%	15.73%	(1.42%)
Average Days of Receivables Full definition →	32.99	34.24	32.13	33.03	31.37	34.47	57.67	30.88	49.78	45.83
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	7.39%	7.00%	6.25%	6.40%	6.53%	6.37%	9.21%	10.51%	8.43%	6.48%
Intangible Assets out of Total Assets Full definition →	0.17	0.15	0.03	0.03	0.03	0.00	0.00	0.02	0.03	0.00
Share Based Compensation of Revenue Full definition →	0.71%	0.21%	0.19%	0.23%	0.56%	0.51%	1.06%	0.87%	0.40%	0.24%
Graham Net Nets Full definition →	(0.68)	(1.02)	(2.28)	(2.77)	(1.29)	(1.12)	(0.87)	(0.72)	(0.56)	(0.84)
Graham Number Full definition →	42.32	68.23	0.00	0.00	57.30	0.00	45.58	76.31	116.17	0.00
Earnings Yield Full definition →	4.33%	12.81%	(35.78%)	(1.59%)	12.29%	(4.58%)	7.43%	17.60%	39.44%	(6.44%)
Free Cash Flow Yield Full definition →	1.54%	(2.76%)	(31.56%)	(23.93%)	33.16%	9.43%	18.65%	19.22%	(11.09%)	(27.19%)
Revenue per Share Full definition →	102.04	105.10	104.58	106.54	112.78	105.72	70.36	67.37	82.45	96.20
Operating CF per Share Full definition →	10.16	10.85	10.24	3.36	14.91	5.75	8.84	11.31	3.66	0.76
Capex per Share Full definition →	(9.14)	(12.13)	(17.94)	(8.47)	(2.39)	(2.29)	(1.97)	(4.37)	(6.95)	(5.49)
Free Cash Flow per Share Full definition →	1.02	(1.28)	(7.69)	(5.11)	12.52	3.46	6.87	6.94	(3.29)	(4.73)
Cash per Share Full definition →	1.35	0.96	1.36	1.29	2.17	1.50	3.16	2.49	4.74	1.90
Shareholders Equity per Share Full definition →	27.64	34.95	25.86	26.13	31.45	30.52	33.68	39.66	50.93	51.04
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	27.64	34.95	25.86	26.13	31.45	30.52	33.68	39.66	50.93	51.04
Free Cash Flow Full definition →	17.40	(21.00)	(126.80)	(84.50)	207.40	58.00	116.70	117.00	(55.20)	(76.50)
Working Capital Full definition →	79.98	33.54	(5.30)	185.40	230.10	233.10	274.30	278.10	225.00	309.80
Capital Expenditures Full definition →	(155.35)	(199.70)	(295.70)	(140.10)	(39.60)	(38.40)	(33.50)	(73.70)	(116.60)	(88.80)
Net Current Asset Value Full definition →	(767.97)	(774.03)	(917.80)	(979.90)	(804.40)	(691.10)	(545.20)	(438.90)	(279.30)	(237.00)
EV/EBIT Full definition →	15.80	20.65	0.00	27.18	8.27	102.40	9.98	9.16	0.00	0.00
Capex to Sales Full definition →	0.09	0.12	0.17	0.08	0.02	0.02	0.03	0.06	0.08	0.06
Price to Operating Income Full definition →	9.86	10.68	0.00	7.78	3.95	51.24	5.49	5.53	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.10	0.10	0.23	0.10	0.10	0.10	0.10	0.29	0.11	0.14
Cash ROIC Full definition →	1.45%	(1.59%)	(10.03%)	(6.23%)	16.27%	4.93%	9.79%	10.16%	(4.54%)	(6.36%)
Accounts Receivable Turnover Full definition →	11.17	10.84	10.98	11.32	11.68	10.81	6.71	7.97	9.72	8.10
Accounts Payable Turnover Full definition →	6.73	6.33	5.27	6.57	7.82	6.42	3.49	3.69	5.08	5.38
Inventory Turnover Full definition →	5.82	5.81	5.77	5.83	5.78	5.88	3.27	3.86	6.24	5.34
Average Days of Payables Full definition →	54.67	61.57	77.67	36.45	56.36	57.96	115.57	76.29	89.25	54.66
Days of Inventory on Hand Full definition →	63.06	63.83	63.23	64.32	61.04	63.75	120.37	62.91	72.02	71.41
Average Receivables Full definition →	155.34	159.57	157.07	155.60	160.00	164.00	178.10	142.45	142.40	192.00
Average Payables Full definition →	222.03	240.16	291.81	243.25	201.30	247.80	281.80	253.30	257.60	267.65
Average Inventory Full definition →	256.80	262.04	266.12	273.80	272.35	270.50	300.85	242.60	209.60	269.85
Average Assets Full definition →	1,605.86	1,743.30	1,795.18	1,832.90	1,839.05	1,745.25	1,696.80	1,687.65	1,675.50	1,633.75
Average Common Equity Full definition →	472.37	522.65	500.92	429.20	476.55	516.40	541.85	620.35	761.60	839.90

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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