Saturday 17 October 2026 Export CLW’s income statement to Excel — free account

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. In the quarter to June 2026, revenue fell 4.34%, EPS fell 882.4%, free cash flow grew 216.2% and total debt rose 9.72%, each against the same quarter a year earlier.

19.30 0.00 0.00%

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Market cap: $311.3M
P/E: 0.0×
Fwd P/E: 12.7×
Dividend yield: —
F-score: 6/9
Altman Z: 2.11
Beneish M: −2.92
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 5.06%

Capital & Financial Ratios $m

Market Cap 311.27

Revenue 1,520.50

Net Income (49.30)

Free Cash Flow 56.60

Net Debt 265.70

Current Ratio 2.29

Debt/Equity 0.45

P/E ratio 0.00

Fwd P/E 12.70

P/S ratio 0.20

P/B ratio 0.39

Past 5Y EPS Growth —

This Y EPS Growth (2,123.33%)

Next Y EPS Growth 75.11%

Next Y revenue growth (3.88%)

Next 5Y EPS Growth 5.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 15.63%

10-year low 10-year high

P/B against its own 10 years 7.00%

10-year low 10-year high

EV/Sales against its own 10 years 4.50%

10-year low 10-year high

EV/FCF against its own 10 years 36.75%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	42	80	31	95
Receivables	96	189	195	163
Inventory	161	258	282	261
Other	17	19	18	13
	564	545	526	532

	2023	2024	2025	Q'26
Payables	196	320	216	232
ST’ Debt	1	1	1	1
Other	—	—	—	—
	286	320	216	232

Compound Annual Growth %

	10y	5y	3y
Sales	(1.19%)	(3.60%)	9.18%
Cash Flow	(22.61%)	(45.12%)	(56.57%)
Earnings	0.00%	0.00%	0.00%
Book Value	5.68%	9.63%	12.99%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	360	375	—	—	—
’25	378	392	399	386	1,555
’24	259	344	393	387	1,384
’23	525	525	279	269	1,136
’22	488	526	539	527	1,195
’21	426	406	451	490	1,773
’20	478	481	457	453	1,869

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	69	—	—	—
’25	2	(28)	34	5	12
’24	59	21	16	(35)	61
’23	(9)	46	88	66	191
’22	41	78	13	17	150
’21	34	14	16	32	96
’20	12	109	56	71	247

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(9)	59	—	—	—
’25	(31)	(51)	16	(10)	(76)
’24	41	3	(31)	(68)	(55)
’23	(31)	33	74	41	117
’22	33	73	7	4	117
’21	23	4	8	24	58
’20	1	101	46	59	207

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.80)	(1.33)	—	—	—
’25	(0.38)	0.17	(3.30)	2.39	(1.15)
’24	1.02	(1.55)	0.35	11.91	11.70
’23	1.40	1.75	2.17	1.04	6.30
’22	0.97	0.86	1.21	(0.34)	2.68
’21	0.71	(3.10)	0.11	0.56	(1.67)
’20	0.62	1.36	1.28	1.34	4.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.00	42.20	21.55	13.87	11.88	27.30	25.07	29.22	23.97	16.44	Analyst estimates 2026–2028 Powerpack
	High	69.75	67.45	50.60	35.27	42.45	45.81	46.48	40.08	57.13	33.57
People
People	Employees	3,370	3,280	3,130	3,290	3,340	3,000	3,000	3,100	2,200	1,900
	Revenue/emp, $m	0.51	0.53	0.55	0.54	0.56	0.59	0.40	0.37	0.63	0.82
Income, $m
Income, $m	Revenue	1,735	1,730	1,724	1,762	1,869	1,773	1,195	1,136	1,384	1,555
	Gross margin, %	13.90	12.09	10.87	9.34	15.74	10.30	17.78	17.67	5.50	7.43
	EBT	81	41	(133)	(8)	98	(36)	82	66	(101)	(60)
	EBT margin, %	4.65	2.36	(7.74)	(0.45)	5.26	(2.01)	6.85	5.77	(7.31)	(3.86)
	Net income	50	97	(144)	(6)	77	(28)	46	108	196	(19)
	Depreciation	91	105	297	120	119	108	105	103	112	143
Per share, $
Per share, $	Revenue	102.04	105.10	104.58	106.54	112.78	105.72	70.36	67.37	82.45	96.20
	Earnings	2.91	5.91	(8.72)	(0.34)	4.65	(1.67)	2.71	6.39	11.70	(1.15)
	Cash flow	10.16	10.85	10.24	3.36	14.91	5.75	8.84	11.31	3.66	0.76
	Capex	(9.14)	(12.13)	(17.94)	(8.47)	(2.39)	(2.29)	(1.97)	(4.37)	(6.95)	(5.49)
	Free cash flow	1.02	(1.28)	(7.69)	(5.11)	12.52	3.46	6.87	6.94	(3.29)	(4.73)
	Book value	27.64	34.95	25.86	26.13	31.45	30.52	33.68	39.66	50.93	51.04
	Shares, m	17	16	16	17	17	17	17	17	17	16
Valuation, ×
Valuation, ×	P/E	23.11	7.80	0.00	0.00	8.14	0.00	13.45	5.68	2.54	0.00
	P/S	0.65	0.44	0.23	0.20	0.33	0.35	0.30	0.38	0.36	0.18
	P/B	2.41	1.32	0.94	0.82	1.20	1.20	1.09	0.91	0.58	0.34
	EV/Sales	1.05	0.85	0.69	0.70	0.70	0.69	0.55	0.63	0.51	0.38
	EV/FCF	104.19	(70.02)	(9.42)	(14.61)	6.31	21.19	9.75	8.61	(12.69)	(7.80)
Cash, $m
Cash, $m	Operating cash flow	173	179	169	56	247	96	150	191	61	12
	Capex	(155)	(200)	(296)	(140)	(40)	(38)	(33)	(74)	(117)	(89)
	Free cash flow	17	(21)	(127)	(84)	207	58	117	117	(55)	(76)
Balance, $m
Balance, $m	Working capital	80	34	(5)	185	230	233	274	278	225	310
	Total debt	705	726	815	902	718	639	566	441	282	346
	Net debt	682	710	793	881	682	614	512	399	203	315
	Shareholders’ equity	470	575	426	432	521	512	572	669	855	825
Returns, %
Returns, %	ROA	3.09	5.58	(8.01)	(0.31)	4.19	(1.61)	2.71	6.38	11.72	(1.14)
	ROIC	6.23	3.46	(5.02)	2.16	8.22	0.67	5.72	4.57	(3.82)	(2.31)
	ROE	10.49	18.62	(28.71)	(1.30)	16.18	(5.44)	8.49	17.36	25.77	(2.21)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SUZ Suzano S.A. Sponsored ADR	$10.3B	4.3×	—	−2.26% (below 0%: shrinking)	−59.15% (below 0%: shrinking)	+85.24% (above 0%: growing)	24.41%	24.06%	Compare
SLVM Sylvamo Corporation	$1.3B	17.2×	14.0×	+1.51% (above 0%: growing)	n/m	−1,050.00% (below 0%: shrinking)	16.38%	2.48%	Compare
CLW Clearwater Paper Corporation	$311.3M	— (loss-making)	12.7×	−4.34% (below 0%: shrinking)	n/m	+216.24% (above 0%: growing)	(2.77%)	(6.40%)
MERC Mercer International Inc.	$13.4M	— (loss-making)	— (loss-making)	+1.49% (above 0%: growing)	n/m	+5.46% (above 0%: growing)	(5.96%)	(12.81%)	Compare
ITP IT Tech Packaging Inc	$2.5M	— (loss-making)	21.1×	+2.07% (above 0%: growing)	n/m	+22.05% (above 0%: growing)	7.90%	(3.91%)	Compare
Median of peers	$651.7M	—	—	+1.50%	—	+13.76%	12.14%	(0.72%)

All 5 Paper & Paper Products stocks →

Clearwater Paper Corporation (CLW) key facts

Concern: Clearwater Paper Corporation reported a net loss of $18.6 million, or a loss of $1.15 per share, for fiscal 2025.
Strength: Clearwater Paper Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 12.4% from fiscal 2024.
Clearwater Paper Corporation (CLW) is a Paper & Paper Products company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CLW traded at $19.30, a market capitalization of $311.3 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.2× sales.
Return on equity was −2.21% and debt-to-equity 0.45.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.11 (grey zone) for fiscal 2025.