Clearwater Paper CorpCLWEarnings & Financial Report
Clearwater Paper Corporation is an American pulp and paperboard manufacturer. The company was created on December 9, 2008, via a spin-off from Potlatch Corporation and is headquartered in Spokane, Washington.
Revenue
$393.3M
Gross Profit
$30.1M
Operating Profit
$-1.2M
Net Profit
$5.8M
Gross Margin
7.7%
Operating Margin
-0.3%
Net Margin
1.5%
YoY Growth
41.0%
EPS
$0.35
Clearwater Paper Corp Q3 FY2024 Financial Summary
Clearwater Paper Corp reported revenue of $393.3M (up 41.0% YoY) for Q3 FY2024, with a net profit of $5.8M (down 84.2% YoY) (1.5% margin). Cost of goods sold was $363.2M, operating expenses totaled $31.3M.
Key Financial Metrics
| Total Revenue | $393.3M |
|---|---|
| Net Profit | $5.8M |
| Gross Margin | 7.7% |
| Operating Margin | -0.3% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Clearwater Paper Corp Q3 FY2024 revenue of $393.3M breaks down across 3 segments, led by Paperboard at $374.5M (95.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Paperboard | $374.5M | 95.2% |
| Pulp | $12.4M | 3.2% |
| Other | $6.3M | 1.6% |
Clearwater Paper Corp Revenue by Segment — Quarterly Trend
Clearwater Paper Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Paperboard and Pulp) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $47.6M | $36.1M | $38.2M |
Clearwater Paper Corp Annual Revenue by Year
Clearwater Paper Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.6B |
| 2024 | $1.4B |
| 2023 | $1.1B |
Clearwater Paper Corp Quarterly Revenue & Net Profit History
Clearwater Paper Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $360.3K | -4.7% | $-12.8K | -3.6% |
| Q4 FY2025 | $386.4M | -0.2% | $38.3M | 9.9% |
| Q3 FY2025 | $399.0M | +1.4% | $-53.3M | -13.4% |
| Q2 FY2025 | $391.8M | +13.8% | $2.7M | 0.7% |
| Q1 FY2025 | $378.2M | +46.1% | $-6.3M | -1.7% |
| Q4 FY2024 | $387.1M | +44.1% | $199.1M | 51.4% |
| Q3 FY2024 | $393.3M | +41.0% | $5.8M | 1.5% |
| Q2 FY2024 | $344.4M | +18.2% | $-25.8M | -7.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $344.4M | $393.3M | $387.1M | $378.2M | $391.8M | $399.0M | $386.4M | $360300 |
| YoY Growth | 18.2% | 41.0% | 44.1% | 46.1% | 13.8% | 1.4% | -0.2% | -4.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.48B | $2.49B | $1.68B | $1.63B | $1.64B | $1.56B | $1.59B | $1.57B |
| Liabilities | $1.82B | $1.82B | $824.7M | $797.3M | $804.0M | $778.5M | $763.0M | $756.0M |
| Equity | $658.6M | $664.6M | $854.6M | $836.6M | $836.8M | $783.0M | $825.3M | $813.8M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $21.1M | $16.2M | $-35.1M | $1.5M | $-28.2M | $34.0M | $5.0M |