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CLWClearwater Paper Corporation
$21.38$345M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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CLW logo

Clearwater Paper Corporation

CLW
NYSE · Paper & Forest Products
$21.38
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$345M
P/E-18.6x
52W High$23.59
Volume82.08K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Margin Compression Challenges Clearwater Paper Solvency

Clearwater Paper faces a precarious fundamental outlook characterized by structural margin erosion and severe liquidity constraints, as evidenced by a negative 0.2% gross margin in 2026Q1. The company's reliance on capital-intensive mill infrastructure, which ...

GrowthMixed
ProfitabilityNegative
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CLW price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-183% Peers

P/E is 183% below peer median

03

Market leadership

RS 89 · Leader

High momentum (Outperforming 89% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 28

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CLW+20.79%
S&P 500 (^GSPC)+12.39%
1-Year Return
CLW+0.14%
S&P 500 (^GSPC)+15.77%
3-Year Return
CLW-40.61%
S&P 500 (^GSPC)+73.87%
5-Year Return
CLW-40.51%
S&P 500 (^GSPC)+67.17%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-18.6x
Forward P/E
N/A
EV/EBITDA60th %ile
7.3x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-18.6x
5.7x
0th· Low
EV/EBITDA
7.3x
6.7x
60th· Fair
Price/FCF
N/A
5.6x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.56B+12.4% YoY
Net income
-$19M+83.2% YoY
Free cash flow
-$77K+99.9% YoY
Operating margin
0.8%+3.7 pts YoY
ROIC (TTM)0.8%
Avg ROIC 5Y-
ROE (TTM)-2.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
-$1.75-17.4%
vs -$1.49
$375M-0.0%
vs $375M
Q2 2026
Apr 28, 2026
-$1.29+2.3%
vs -$1.32
$360M-0.9%
vs $364M
Q1 2026
Feb 18, 2026
-$0.42+15.2%
vs -$0.49
$386M+2.0%
vs $379M
Q4 2025
Oct 28, 2025
-$0.51+3.8%
vs -$0.53
$399M+2.9%
vs $388M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
Clearwater Paper Refinances Debt and Secures New Credit Facility

SPOKANE, Wash.--(BUSINESS WIRE)--Clearwater Paper Corporation (NYSE: CLW) today announced the successful refinancing of its senior notes due in 2028, along with the refinancing of both its existing term revolver credit facility and its existing ABL revolving credit facility. The existing notes and credit facilities have been replaced with a new term loan and revolving credit facility, meaningfully extending the company's debt maturities.On September 18, 2026, Clearwater Paper entered into an ame.

Defense World·Sep 12, 2026
52,997 Shares in Clearwater Paper Corporation $CLW Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new position in Clearwater Paper Corporation (NYSE: CLW) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,997 shares of the basic materials company's stock, valued at approximately

Seeking Alpha·Sep 11, 2026
Clearwater Paper: Pricing, Supply Tightening And Lower Net Debt Support The Recovery Case

Q2 profitability remained weak, but industry utilization improved, and lower imports point to a healthier supply-demand balance. Two announced price increases could provide a meaningful EBITDA uplift as indexed contracts reset over the coming quarters. Cost savings, positive free cash flow and lower net debt strengthen the balance sheet despite continued operating pressure.

Business Wire·Sep 8, 2026
Clearwater Paper Releases 2026 Sustainability Report Highlighting Progress and Achievements

SPOKANE, Wash.--(BUSINESS WIRE)--Clearwater Paper Corporation (NYSE: CLW) today released its 2026 Sustainability Report, providing an annual update on the company's progress toward its multiyear sustainability goals. Aligned with the company's strategic sustainability framework, Everyday Responsibility, the report details sustainability efforts and initiatives across three pillars: Resource Stewardship, Trusted Products, and Thriving People and Communities. "At Clearwater Paper, we build respon.

Filtered for Clearwater Paper CorporationMore Headlines
04

Compare before deciding

Benchmark CLW against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Clearwater Paper Corporation (CLW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CLW logoCLWClearwater Paper CorporationCurrent
$21.38$344.81M-18.5912.42%-1.2%-2.21%—
SLVM logoSLVMSylvamo Corp
$36.64$1.46B11.38-11.18%2.31%7.84%—
CASY logoCASYCasey's General Stores, Inc.
$597.31$22.14B31.1710.16%4.14%19.68%—
IP logoIPInternational Paper Company
$35.70$18.9B-5.3233.71%-14.2%-22.39%—
PKG logoPKGPackaging Corporation of America
$240.98$21.47B28.097.23%7.25%14.86%—
SON logoSONSonoco Products Company
$50.63$5.01B12.7241.72%8.67%18.3%—

Compare CLW vs Peers

Clearwater Paper Corporation (CLW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SLVM

Most directly comparable listed peer for CLW.

Scale Benchmark

vs COST

Larger-name benchmark to compare CLW against a more recognizable public peer.

Peer Set

Compare Top 5

vs SLVM, CASY, IP, PKG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CLW SEC Filings & Documents

Clearwater Paper Corporation (CLW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

May 12, 2026·SEC

Material company update

Apr 28, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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CLW Frequently Asked Questions

Clearwater Paper Corporation (CLW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Clearwater Paper Corporation's revenue?

Clearwater Paper Corporation (CLW) reported $1.52B in revenue for fiscal year 2025. This represents a 37% increase from $1.11B in 2006.

How fast is Clearwater Paper Corporation growing?

Clearwater Paper Corporation (CLW) grew revenue by 12.4% over the past year. This is steady growth.

Is CLW profitable?

Clearwater Paper Corporation (CLW) reported a net loss of $49.3M for fiscal year 2025.

Dividend & Returns
What is CLW's return on equity?

Clearwater Paper Corporation (CLW) has a return on equity (ROE) of -2.2%. Negative ROE indicates the company is unprofitable.

What is Clearwater Paper Corporation's free cash flow?

Clearwater Paper Corporation (CLW) generated $56.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CLW back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →