Clearwater Paper Corp (CLW)
Clearwater Paper Corporation manufactures and supplies solid bleached sulfate (SBS) paperboard packaging products in the United States and internationally. The company offers SBS paperboard for use in folding cartons, food service, and commercial printing items; folding carton paperboards, such as blister, carded packaging, and top sheet products; food service paperboard, including liquid packaging, and cup and plate categories, as well as rigid containers comprising juice, milk, and wine; and custom sheeting and slitting of paperboard products. It serves packaging converters through sales managers. The company was founded in 1926 and is headquartered in Spokane, Washington.
- Symbol
- CLW
- Exchange
- NYSE
- Sector
- Basic Materials
- Industry
- Paper & Paper Products
- Market cap
- $343.79M
- 52 week range
- 11.73 - 23.59
Valuation
- Share price
- $21.38 (close of 2026-09-23)
- P/E (TTM)
- -13.62x
- Price to book
- 0.42x
- Price to free cash flow
- -6.38x
- Enterprise value
- $680.49M
- Book value per share
- $50.61
Price performance
| Period | Change |
|---|
| 1 day | +0.42% |
| 5 days | +0.99% |
| 1 month | -1.70% |
| 3 months | +36.88% |
| 6 months | +59.20% |
| Year to date | +22.87% |
| 1 year | +0.14% |
| 3 years | -40.25% |
| 5 years | -40.51% |
| 10 years | -66.20% |
| All time | +90.04% |
Profitability and growth
- Return on equity
- -2.25%
- Return on invested capital
- -3.04%
- Return on assets
- -1.17%
- Return on capital employed
- -3.07%
- Gross margin
- 7.43%
- Net margin
- -1.20%
- EBITDA margin
- 3.23%
- Revenue growth
- 12.42%
- Net income growth
- -109.48%
- Free cash flow growth
- -38.59%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -15.68%
- Current ratio
- 2.61x
- Net debt to EBITDA
- 7.89x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.56B
- Cost of revenue
- $1.44B
- Gross profit
- $115.60M
- EBITDA
- $50.30M
- Net income
- $-18.60M
- Earnings per share
- $-1.15
- Interest expense
- $17.80M
- Shares outstanding
- 16.17M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.56B | $115.60M | $-18.60M | $-1.15 |
| 2024-12-31 | $1.38B | $76.10M | $196.30M | $11.70 |
| 2023-12-31 | $1.14B | $200.70M | $107.70M | $6.39 |
| 2022-12-31 | $1.20B | $212.50M | $46.00M | $2.71 |
| 2021-12-31 | $1.77B | $182.60M | $-28.10M | $-1.67 |
| 2020-12-31 | $1.87B | $294.20M | $77.10M | $4.65 |
| 2019-12-31 | $1.76B | $164.50M | $-5.60M | $-0.34 |
| 2018-12-31 | $1.72B | $187.50M | $-143.80M | $-8.72 |
| 2017-12-31 | $1.73B | $209.20M | $97.30M | $5.91 |
| 2016-12-31 | $1.73B | $241.20M | $49.55M | $2.91 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 7.43% | -1.20% | -2.25% | -3.04% |
| 2024-12-31 | 5.50% | 14.19% | 22.97% | -3.50% |
| 2023-12-31 | 17.67% | 9.48% | 16.10% | 5.69% |
| 2022-12-31 | 17.78% | 3.85% | 8.04% | 6.39% |
| 2021-12-31 | 10.30% | -1.59% | -5.49% | 1.00% |
| 2020-12-31 | 15.74% | 4.13% | 14.80% | 10.72% |
| 2019-12-31 | 9.34% | -0.32% | -1.30% | 3.21% |
| 2018-12-31 | 10.87% | -8.34% | -33.72% | -7.88% |
| 2017-12-31 | 12.09% | 5.62% | 16.91% | 5.54% |
| 2016-12-31 | 13.90% | 2.86% | 10.55% | 8.23% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $30.70M | $345.50M |
| 2024-12-31 | $79.60M | $281.60M |
| 2023-12-31 | $42.00M | $439.90M |
| 2022-12-31 | $53.70M | $564.90M |
| 2021-12-31 | $25.20M | $637.60M |
| 2020-12-31 | $35.90M | $716.40M |
| 2019-12-31 | $20.00M | $884.50M |
| 2018-12-31 | $22.50M | $692.90M |
| 2017-12-31 | $15.70M | $570.52M |
| 2016-12-31 | $23.00M | $569.75M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-76.50M | $3.80M |
| 2024-12-31 | $-55.20M | $5.60M |
| 2023-12-31 | $117.00M | $9.90M |
| 2022-12-31 | $116.70M | $12.70M |
| 2021-12-31 | $58.00M | $9.10M |
| 2020-12-31 | $207.40M | $10.50M |
| 2019-12-31 | $-84.50M | $4.10M |
| 2018-12-31 | $-126.80M | $3.30M |
| 2017-12-31 | $-21.00M | $3.60M |
| 2016-12-31 | $17.40M | $12.38M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | - |
| 2026-04-28 | - | - |
| 2026-02-18 | - | - |
| 2026-02-12 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-04-28 | - | - |
Filings and sources
- Company website
- clearwaterpaper.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Corteva, Inc. (CTVA) · CF Industries Holdings, Inc. (CF) · Mosaic Co (MOS) · Vulcan Materials Co (VMC) · Martin Marietta Materials Inc (MLM) · Dow Inc. (DOW) · Freeport-McMoRan Inc (FCX) · Newmont Corp (NEM)
All Basic Materials companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades