Clearwater Paper Corp
CLW NYSE· Paperboard Mills
Last close · Oct 23, 2026
$19.29
KIRA · Stoqly’s AI analyst, in plain words
- Clearwater Paper Corp had $1.6B of revenue in fiscal 2025, up 12.4% on the year before. Over five years, revenue changed −3.6% a year on average.
- Its operating margin was −2.7%, up 2.0 pts: of every 100 in sales, about −3 is left after running the business.
- Clearwater Paper Corp lost $18.6M in fiscal 2025.
- Free cash flow was −$76.5M in fiscal 2025, −4.9% of revenue.
- Clearwater Paper Corp returned $17.2M to shareholders in fiscal 2025. The diluted share count fell 3.6%.
- Clearwater Paper Corp owes $251M more than it holds in cash, about 5.0 years of operating profit.
Market cap
$310M
P/E
—
Revenue
$1.6B
Net income
−$18.6M
Free cash flow
−$76.5M
Operating margin
−2.7%
Clearwater Paper Corp in 30 seconds · fiscal 2025
Are sales growing?
+12.4%
Yes. Sales grew 12.4% last year.
Does it make a profit?
−1.2%
No. It lost money last year.
Does profit turn into cash?
−4.9%
No. It spent more cash than it brought in.
Is debt under control?
5.0x
Heavy. Repaying its debt would take 5.0 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Clearwater Paper Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Legal name
- Clearwater Paper Corp
- CIK
- 0001441236
Clearwater Paper Corp · CLW
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.8B | $1.2B | $1.1B | $1.4B | $1.6B |
| Revenue growth | −5.1% | −32.6% | −4.9% | 21.8% | 12.4% |
| Gross margin | 10.3% | 17.8% | 17.7% | 5.5% | 7.4% |
| Operating margin | 0.7% | 8.3% | 6.9% | −4.7% | −2.7% |
| Net income | −$28.1M | $46.0M | $108M | $196M | −$18.6M |
| Net margin | −1.6% | 3.8% | 9.5% | 14.2% | −1.2% |
| Diluted EPS | −$1.67 | $2.68 | $6.30 | $11.70 | −$1.15 |
| Cash | |||||
| Cash from operations | $96.4M | $150M | $191M | $61.4M | $12.3M |
| Capital expenditure | $38.4M | $33.5M | $73.7M | $117M | $88.8M |
| Free cash flow | $58.0M | $117M | $117M | −$55.2M | −$76.5M |
| FCF margin | 3.3% | 9.8% | 10.3% | −4.0% | −4.9% |
| Share buybacks | $0.0M | $5.0M | $17.9M | $10.0M | $17.2M |
| Share count change | 0.3% | 2.5% | −0.5% | −1.8% | −3.6% |
| Debt and strength | |||||
| Cash and short-term investments | $25.2M | $53.7M | $42.0M | $79.6M | $30.7M |
| Debt incl. finance leases | $660M | $591M | $440M | $282M | $282M |
| Shareholders' equity | $512M | $572M | $669M | $855M | $825M |
| Net debt / EBITDA | 5.4x | 2.7x | 2.3x | 5.7x | 5.0x |
| Current ratio | 1.9x | 1.9x | 2.0x | 1.7x | 2.4x |
| Interest coverage | 0.3x | 8.5x | 6.6x | −2.0x | −2.4x |
| Returns and quality | |||||
| Return on capital | 0.8% | 7.2% | 5.8% | −4.9% | −3.1% |
| Return on equity | −5.4% | 8.5% | 17.4% | 25.8% | −2.2% |
| Return on tangible equity | −5.6% | 8.2% | 17.2% | 24.5% | −2.3% |
| Piotroski F-score | 4 | 6 | 7 | 6 | 6 |
| Altman Z'' | 2.4 | 3.1 | 3.4 | 3.4 | 4.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.2M
1 insider
Of sales under plans
100%
$0.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Clearwater Paper Corp · CLW
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $19.29 a share, the company is worth $310M.
Source: SEC EDGAR XBRL filings (CIK 0001441236). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.