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Side-by-side financial comparison of Aris Mining Corp (ARMN) and Clearwater Paper Corp (CLW). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3K vs $151.1K, roughly 2.4× Aris Mining Corp). Aris Mining Corp runs the higher net margin — 13.6% vs -3.6%, a 17.2% gap on every dollar of revenue.

Endeavour Mining plc is a multinational mining company that owns and operates gold mines in Côte d'Ivoire, Burkina Faso and Senegal. The company is headquartered in London, England, and is listed on the London Stock Exchange. It is a constituent of the FTSE 100 Index.

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.

ARMN vs CLW — Head-to-Head

Bigger by revenue
CLW
CLW
2.4× larger
CLW
$360.3K
$151.1K
ARMN
Higher net margin
ARMN
ARMN
17.2% more per $
ARMN
13.6%
-3.6%
CLW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARMN
ARMN
CLW
CLW
Revenue
$151.1K
$360.3K
Net Profit
$20.5K
$-12.8K
Gross Margin
44.9%
-0.2%
Operating Margin
30.0%
Net Margin
13.6%
-3.6%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARMN
ARMN
CLW
CLW
Q1 26
$360.3K
Q4 25
$151.1K
$386.4M
Q3 25
$399.0M
Q2 25
$391.8M
Q1 25
$378.2M
Q4 24
$387.1M
Q3 24
$393.3M
Q2 24
$344.4M
Net Profit
ARMN
ARMN
CLW
CLW
Q1 26
$-12.8K
Q4 25
$20.5K
$38.3M
Q3 25
$-53.3M
Q2 25
$2.7M
Q1 25
$-6.3M
Q4 24
$199.1M
Q3 24
$5.8M
Q2 24
$-25.8M
Gross Margin
ARMN
ARMN
CLW
CLW
Q1 26
-0.2%
Q4 25
44.9%
4.5%
Q3 25
4.7%
Q2 25
11.0%
Q1 25
9.7%
Q4 24
3.8%
Q3 24
7.7%
Q2 24
-0.6%
Operating Margin
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
30.0%
1.9%
Q3 25
-13.9%
Q2 25
2.5%
Q1 25
-1.1%
Q4 24
-4.0%
Q3 24
-0.3%
Q2 24
-13.6%
Net Margin
ARMN
ARMN
CLW
CLW
Q1 26
-3.6%
Q4 25
13.6%
9.9%
Q3 25
-13.4%
Q2 25
0.7%
Q1 25
-1.7%
Q4 24
51.4%
Q3 24
1.5%
Q2 24
-7.5%
EPS (diluted)
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
$0.02
$2.36
Q3 25
$-3.30
Q2 25
$0.17
Q1 25
$-0.38
Q4 24
$11.87
Q3 24
$0.35
Q2 24
$-1.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARMN
ARMN
CLW
CLW
Cash + ST InvestmentsLiquidity on hand
$36.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
Total Assets
$1.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARMN
ARMN
CLW
CLW
Q1 26
$36.5M
Q4 25
$30.7M
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$44.0M
Q4 24
$79.6M
Q3 24
$35.5M
Q2 24
$39.6M
Total Debt
ARMN
ARMN
CLW
CLW
Q1 26
$361.1M
Q4 25
$346.8M
Q3 25
$337.0M
Q2 25
$330.1M
Q1 25
Q4 24
$283.4M
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
ARMN
ARMN
CLW
CLW
Q1 26
$813.8M
Q4 25
$825.3M
Q3 25
$783.0M
Q2 25
$836.8M
Q1 25
$836.6M
Q4 24
$854.6M
Q3 24
$664.6M
Q2 24
$658.6M
Total Assets
ARMN
ARMN
CLW
CLW
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$2.5B
Q2 24
$2.5B
Debt / Equity
ARMN
ARMN
CLW
CLW
Q1 26
0.44×
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.39×
Q1 25
Q4 24
0.33×
Q3 24
1.73×
Q2 24
1.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARMN
ARMN
CLW
CLW
Operating Cash FlowLast quarter
$99.1K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.82×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
$99.1K
$5.0M
Q3 25
$34.0M
Q2 25
$-28.2M
Q1 25
$1.5M
Q4 24
$-35.1M
Q3 24
$16.2M
Q2 24
$21.1M
Free Cash Flow
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
$-9.9M
Q3 25
$15.7M
Q2 25
$-51.1M
Q1 25
$-31.2M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
-2.6%
Q3 25
3.9%
Q2 25
-13.0%
Q1 25
-8.2%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
3.9%
Q3 25
4.6%
Q2 25
5.8%
Q1 25
8.6%
Q4 24
8.5%
Q3 24
12.0%
Q2 24
5.3%
Cash Conversion
ARMN
ARMN
CLW
CLW
Q1 26
Q4 25
4.82×
0.13×
Q3 25
Q2 25
-10.44×
Q1 25
Q4 24
-0.18×
Q3 24
2.79×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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