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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and Clearwater Paper Corp (CLW). Click either name above to swap in a different company.

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $360.3K, roughly 1.1× Clearwater Paper Corp).

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.

AXG vs CLW — Head-to-Head

Bigger by revenue
AXG
AXG
1.1× larger
AXG
$410.0K
$360.3K
CLW

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
AXG
AXG
CLW
CLW
Revenue
$410.0K
$360.3K
Net Profit
$-12.8K
Gross Margin
-0.2%
Operating Margin
-34.1%
Net Margin
-3.6%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)

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
AXG
AXG
CLW
CLW
Q1 26
$360.3K
Q4 25
$386.4M
Q3 25
$399.0M
Q2 25
$391.8M
Q1 25
$378.2M
Q4 24
$387.1M
Q3 24
$410.0K
$393.3M
Q2 24
$344.4M
Net Profit
AXG
AXG
CLW
CLW
Q1 26
$-12.8K
Q4 25
$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
AXG
AXG
CLW
CLW
Q1 26
-0.2%
Q4 25
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
AXG
AXG
CLW
CLW
Q1 26
Q4 25
1.9%
Q3 25
-13.9%
Q2 25
2.5%
Q1 25
-1.1%
Q4 24
-4.0%
Q3 24
-34.1%
-0.3%
Q2 24
-13.6%
Net Margin
AXG
AXG
CLW
CLW
Q1 26
-3.6%
Q4 25
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)
AXG
AXG
CLW
CLW
Q1 26
Q4 25
$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
AXG
AXG
CLW
CLW
Cash + ST InvestmentsLiquidity on hand
$2.5M
$36.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$6.0M
$813.8M
Total Assets
$13.1M
$1.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
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
$2.5M
$35.5M
Q2 24
$39.6M
Total Debt
AXG
AXG
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
AXG
AXG
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
$6.0M
$664.6M
Q2 24
$658.6M
Total Assets
AXG
AXG
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
$13.1M
$2.5B
Q2 24
$2.5B
Debt / Equity
AXG
AXG
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
AXG
AXG
CLW
CLW
Operating Cash FlowLast quarter
$-1.6M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-392.9%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
CLW
CLW
Q1 26
Q4 25
$5.0M
Q3 25
$34.0M
Q2 25
$-28.2M
Q1 25
$1.5M
Q4 24
$-35.1M
Q3 24
$-1.6M
$16.2M
Q2 24
$21.1M
Free Cash Flow
AXG
AXG
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
$-1.6M
$-30.8M
Q2 24
$3.0M
FCF Margin
AXG
AXG
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
-392.9%
-7.8%
Q2 24
0.9%
Capex Intensity
AXG
AXG
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
4.4%
12.0%
Q2 24
5.3%
Cash Conversion
AXG
AXG
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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