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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) 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 $310.0K, roughly 1.2× Anteris Technologies Global Corp.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -9420.0%, a 9416.4% gap on every dollar of revenue.

Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.

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.

AVR vs CLW — Head-to-Head

Bigger by revenue
CLW
CLW
1.2× larger
CLW
$360.3K
$310.0K
AVR
Higher net margin
CLW
CLW
9416.4% more per $
CLW
-3.6%
-9420.0%
AVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVR
AVR
CLW
CLW
Revenue
$310.0K
$360.3K
Net Profit
$-29.2M
$-12.8K
Gross Margin
70.6%
-0.2%
Operating Margin
-9343.5%
Net Margin
-9420.0%
-3.6%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)
$-0.74

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
AVR
AVR
CLW
CLW
Q1 26
$360.3K
Q4 25
$310.0K
$386.4M
Q3 25
$429.0K
$399.0M
Q2 25
$618.0K
$391.8M
Q1 25
$556.0K
$378.2M
Q4 24
$387.1M
Q3 24
$393.3M
Q2 24
$344.4M
Net Profit
AVR
AVR
CLW
CLW
Q1 26
$-12.8K
Q4 25
$-29.2M
$38.3M
Q3 25
$-22.2M
$-53.3M
Q2 25
$-20.8M
$2.7M
Q1 25
$-21.9M
$-6.3M
Q4 24
$199.1M
Q3 24
$5.8M
Q2 24
$-25.8M
Gross Margin
AVR
AVR
CLW
CLW
Q1 26
-0.2%
Q4 25
70.6%
4.5%
Q3 25
71.3%
4.7%
Q2 25
76.1%
11.0%
Q1 25
62.8%
9.7%
Q4 24
3.8%
Q3 24
7.7%
Q2 24
-0.6%
Operating Margin
AVR
AVR
CLW
CLW
Q1 26
Q4 25
-9343.5%
1.9%
Q3 25
-5190.0%
-13.9%
Q2 25
-3379.3%
2.5%
Q1 25
-3917.3%
-1.1%
Q4 24
-4.0%
Q3 24
-0.3%
Q2 24
-13.6%
Net Margin
AVR
AVR
CLW
CLW
Q1 26
-3.6%
Q4 25
-9420.0%
9.9%
Q3 25
-5185.1%
-13.4%
Q2 25
-3371.2%
0.7%
Q1 25
-3932.4%
-1.7%
Q4 24
51.4%
Q3 24
1.5%
Q2 24
-7.5%
EPS (diluted)
AVR
AVR
CLW
CLW
Q1 26
Q4 25
$-0.74
$2.36
Q3 25
$-0.62
$-3.30
Q2 25
$-0.58
$0.17
Q1 25
$-0.61
$-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
AVR
AVR
CLW
CLW
Cash + ST InvestmentsLiquidity on hand
$36.5M
Total DebtLower is stronger
$22.0K
$361.1M
Stockholders' EquityBook value
$-93.0K
$813.8M
Total Assets
$23.0M
$1.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVR
AVR
CLW
CLW
Q1 26
$36.5M
Q4 25
$30.7M
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$49.0M
$44.0M
Q4 24
$79.6M
Q3 24
$35.5M
Q2 24
$39.6M
Total Debt
AVR
AVR
CLW
CLW
Q1 26
$361.1M
Q4 25
$22.0K
$346.8M
Q3 25
$26.0K
$337.0M
Q2 25
$30.0K
$330.1M
Q1 25
$30.0K
Q4 24
$283.4M
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
AVR
AVR
CLW
CLW
Q1 26
$813.8M
Q4 25
$-93.0K
$825.3M
Q3 25
$3.7M
$783.0M
Q2 25
$24.4M
$836.8M
Q1 25
$43.3M
$836.6M
Q4 24
$854.6M
Q3 24
$664.6M
Q2 24
$658.6M
Total Assets
AVR
AVR
CLW
CLW
Q1 26
$1.6B
Q4 25
$23.0M
$1.6B
Q3 25
$19.1M
$1.6B
Q2 25
$39.9M
$1.6B
Q1 25
$58.8M
$1.6B
Q4 24
$1.7B
Q3 24
$2.5B
Q2 24
$2.5B
Debt / Equity
AVR
AVR
CLW
CLW
Q1 26
0.44×
Q4 25
0.42×
Q3 25
0.01×
0.43×
Q2 25
0.00×
0.39×
Q1 25
0.00×
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
AVR
AVR
CLW
CLW
Operating Cash FlowLast quarter
$-18.5M
Free Cash FlowOCF − Capex
$-18.9M
FCF MarginFCF / Revenue
-6104.5%
Capex IntensityCapex / Revenue
128.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVR
AVR
CLW
CLW
Q1 26
Q4 25
$-18.5M
$5.0M
Q3 25
$-18.3M
$34.0M
Q2 25
$-19.5M
$-28.2M
Q1 25
$-21.5M
$1.5M
Q4 24
$-35.1M
Q3 24
$16.2M
Q2 24
$21.1M
Free Cash Flow
AVR
AVR
CLW
CLW
Q1 26
Q4 25
$-18.9M
$-9.9M
Q3 25
$-19.0M
$15.7M
Q2 25
$-20.1M
$-51.1M
Q1 25
$-21.7M
$-31.2M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
AVR
AVR
CLW
CLW
Q1 26
Q4 25
-6104.5%
-2.6%
Q3 25
-4434.5%
3.9%
Q2 25
-3247.9%
-13.0%
Q1 25
-3909.5%
-8.2%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
AVR
AVR
CLW
CLW
Q1 26
Q4 25
128.1%
3.9%
Q3 25
180.0%
4.6%
Q2 25
86.9%
5.8%
Q1 25
44.6%
8.6%
Q4 24
8.5%
Q3 24
12.0%
Q2 24
5.3%
Cash Conversion
AVR
AVR
CLW
CLW
Q1 26
Q4 25
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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