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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $487.7M, roughly 1.1× CLOVER HEALTH INVESTMENTS, CORP.). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -10.1%, a 16.3% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 25.5%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 14.5%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
CLOV vs WWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $517.5M |
| Net Profit | $-49.3M | $31.8M |
| Gross Margin | — | 47.3% |
| Operating Margin | -10.1% | 9.7% |
| Net Margin | -10.1% | 6.1% |
| Revenue YoY | 44.7% | 25.5% |
| Net Profit YoY | -123.2% | 162.8% |
| EPS (diluted) | — | $0.37 |
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.
| Q1 26 | — | $517.5M | ||
| Q4 25 | $487.7M | — | ||
| Q3 25 | $496.6M | $470.3M | ||
| Q2 25 | $477.6M | $474.2M | ||
| Q1 25 | $462.3M | $412.3M | ||
| Q4 24 | $337.0M | $494.7M | ||
| Q3 24 | $331.0M | $440.2M | ||
| Q2 24 | $356.3M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-49.3M | — | ||
| Q3 25 | $-24.4M | $25.1M | ||
| Q2 25 | $-10.6M | $26.8M | ||
| Q1 25 | $-1.3M | $12.1M | ||
| Q4 24 | $-22.1M | $23.1M | ||
| Q3 24 | $-9.2M | $23.2M | ||
| Q2 24 | $7.4M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | — | 47.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | 24.5% | 45.1% | ||
| Q2 24 | 30.3% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | 8.4% | ||
| Q2 25 | -2.2% | 8.6% | ||
| Q1 25 | -0.3% | 4.8% | ||
| Q4 24 | -6.4% | 7.4% | ||
| Q3 24 | -2.7% | 7.9% | ||
| Q2 24 | 2.0% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | 5.3% | ||
| Q2 25 | -2.2% | 5.7% | ||
| Q1 25 | -0.3% | 2.9% | ||
| Q4 24 | -6.6% | 4.7% | ||
| Q3 24 | -2.8% | 5.3% | ||
| Q2 24 | 2.1% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $308.7M | $408.0M |
| Total Assets | $541.0M | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $78.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $194.5M | — | ||
| Q3 24 | $288.0M | — | ||
| Q2 24 | $254.8M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $308.7M | — | ||
| Q3 25 | $340.9M | $376.7M | ||
| Q2 25 | $344.2M | $344.0M | ||
| Q1 25 | $336.1M | $310.6M | ||
| Q4 24 | $341.1M | $312.9M | ||
| Q3 24 | $342.2M | $295.2M | ||
| Q2 24 | $324.9M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $541.0M | — | ||
| Q3 25 | $559.7M | $1.7B | ||
| Q2 25 | $575.0M | $1.8B | ||
| Q1 25 | $583.7M | $1.7B | ||
| Q4 24 | $580.7M | $1.7B | ||
| Q3 24 | $653.0M | $1.8B | ||
| Q2 24 | $674.2M | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $146.2M |
| Free Cash FlowOCF − Capex | $-69.0M | $145.6M |
| FCF MarginFCF / Revenue | -14.1% | 28.1% |
| Capex IntensityCapex / Revenue | 0.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $-66.9M | — | ||
| Q3 25 | $12.1M | $33.0M | ||
| Q2 25 | $5.4M | $44.6M | ||
| Q1 25 | $-16.3M | $-83.8M | ||
| Q4 24 | $34.8M | $82.4M | ||
| Q3 24 | $50.0M | $108.2M | ||
| Q2 24 | $44.8M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-69.0M | — | ||
| Q3 25 | $11.4M | $30.1M | ||
| Q2 25 | $4.8M | $41.2M | ||
| Q1 25 | $-16.5M | $-91.4M | ||
| Q4 24 | $33.3M | $74.4M | ||
| Q3 24 | $49.6M | $104.1M | ||
| Q2 24 | $44.4M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -14.1% | — | ||
| Q3 25 | 2.3% | 6.4% | ||
| Q2 25 | 1.0% | 8.7% | ||
| Q1 25 | -3.6% | -22.2% | ||
| Q4 24 | 9.9% | 15.0% | ||
| Q3 24 | 15.0% | 23.6% | ||
| Q2 24 | 12.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | 0.6% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.0% | 1.8% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | 6.04× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
