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Clearwater Paper

CLW

Clearwater Paper Corporation is a leading North American manufacturer of Solid Bleached Sulfate (SBS) paperboard, serving as a strategic, non-integrated supplier to independent converters.

Market cap
$282.35M-27.1%
Revenue$1.5B-1.9%
Net income-$84.9M-149%
Free cash flow-$10.2M+92.0%
EPS (diluted)-$5.26-151%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$387.4M
EPS estimate-$0.14

Financials

Q2 2026

Income statement

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Revenue$374.8M-4.3%
Gross profit-$10.4M-124%
Operating income-$23.9M-344%
Net income-$21.5M-896%
EPS (diluted)-$1.33-882%

Balance sheet

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Cash & equivalents$95.4M+104%
Total debt$381.9M+9.1%
Total equity$794.1M-5.1%
Total assets$1.6B-4.2%

Cash flow

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Operating cash flow$69.0M+345%
CapEx$9.6M-58.1%
Free cash flow$59.4M+216%

Valuation & ratios

Valuation

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Market cap$282.35M-27.1%
Enterprise value$568.85M-27.3%
P/S0.2×-0.1×

Profitability

See full
Gross margin1.6%-6.4pp

Returns & leverage

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Debt / equity0.5×+0.1×
Current ratio2.3×+0.3×

Segments

By product

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Foodservice$173.0M+4.2%
Folding Carton$132.5M-10.2%
Sheeting and Distribution$37.1M-7.0%
Other$32.2M-15.7%

Competitors

Profile

Clearwater Paper Corporation is a leading North American manufacturer of Solid Bleached Sulfate (SBS) paperboard, serving as a strategic, non-integrated supplier to independent converters. The company focuses on producing high-quality, sustainable paperboard packaging solutions for premium retail, food service, and commercial printing applications. Following recent strategic divestitures, the company operates exclusively within the paperboard packaging sector.

Competitive position

One of the five largest paperboard producers in North America, holding approximately 11% of production capacity.

GeographiesUnited States, North America
Customer segmentsPackaging converters, Food service providers, Consumer goods manufacturers, Pharmaceutical companies
Business modelManufacturing, B2B
SuppliersWood fiber (chips, sawdust, logs), Chemical suppliers (caustic, polyethylene, starch), Energy providers (natural gas, electricity), Logistics and freight providers
CustomersPackaging converters, Commercial printing companies, Food service distributors, Retail product manufacturers
Listed1998
Employees3.1K
CEOArsen S. Kitch
FilingsSEC EDGAR

Questions, answered.

What is Clearwater Paper's market cap?
Clearwater Paper (CLW) has a market capitalization of $282.4M and trades on NYSE.
What is Clearwater Paper's revenue and profitability?
Clearwater Paper generated $1.5B in trailing twelve-month revenue with a net loss of $84.9M, representing a net margin of 9.1%. Gross margin stands at 1.6%, with free cash flow of -$10.2M. These figures are based on the Q2 2026 filing.
Who are Clearwater Paper's competitors?
Clearwater Paper's key competitors include Graphic Packaging Holding Company, International Paper, IT Tech Packaging, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Clearwater Paper have?
Clearwater Paper's subsidiaries include Augusta Georgia Paperboard Facility.
Where is Clearwater Paper headquartered?
Clearwater Paper is headquartered in United States of America and employs approximately 3,100 people. It has been publicly traded since 1998.