Clearwater Paper Corp (CLW) financials
Clearwater Paper revenue and earnings by year
Clearwater Paper's revenue was $1.56 billion in the fiscal year to December 31, 2025, up 12.4% from the year before. Net income was -$18.6 million, -1.2% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 1.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.56 | 1.38 | 1.14 | 1.20 | 1.77 | 1.87 | 1.76 | 1.72 | 1.73 | 1.73 |
| Revenue growth | 12.4% | 21.8% | -4.9% | -32.6% | -5.1% | 6.1% | 2.2% | -0.4% | -0.3% | — |
| Gross profit | 0.12 | 0.08 | 0.20 | 0.21 | 0.18 | 0.29 | 0.16 | 0.19 | 0.21 | 0.24 |
| Gross margin | 7.4% | 5.5% | 17.7% | 17.8% | 10.3% | 15.7% | 9.3% | 10.9% | 12.1% | 13.9% |
| Operating income | -0.04 | -0.06 | 0.08 | 0.10 | 0.01 | 0.16 | 0.05 | -0.10 | 0.07 | 0.11 |
| Operating margin | -2.7% | -4.7% | 6.9% | 8.3% | 0.7% | 8.5% | 2.6% | -5.7% | 4.1% | 6.6% |
| Net income | -0.02 | 0.20 | 0.11 | 0.05 | -0.03 | 0.08 | -0.01 | -0.14 | 0.10 | 0.05 |
| Net margin | -1.2% | 14.2% | 9.5% | 3.8% | -1.6% | 4.1% | -0.3% | -8.3% | 5.6% | 2.9% |
| Diluted EPS | -$1.15 | $11.74 | $6.38 | $2.68 | -$1.67 | $4.61 | -$0.34 | -$8.73 | $5.86 | $2.87 |
| Free cash flow | -0.08 | -0.06 | 0.12 | 0.12 | 0.06 | 0.21 | -0.08 | -0.13 | -0.02 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CLW in Markets.
How Clearwater Paper makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Foodservice | $163M | 42.3% |
| Folding Carton | $144M | 37.3% |
| Other | $40.7M | 10.6% |
| Sheeting & Distribution | $38.0M | 9.9% |
See also: CLW valuation and P/E history · CLW returns
No forecast, no recommendation. This page describes Clearwater Paper Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.