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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and COLUMBIA BANKING SYSTEM, INC. (COLB). Click either name above to swap in a different company.

COLUMBIA BANKING SYSTEM, INC. is the larger business by last-quarter revenue ($677.0M vs $360.3M, roughly 1.9× Clearwater Paper Corp). COLUMBIA BANKING SYSTEM, INC. runs the higher net margin — 28.4% vs -3.6%, a 31.9% gap on every dollar of revenue. On growth, COLUMBIA BANKING SYSTEM, INC. posted the faster year-over-year revenue change (37.9% vs -4.7%). Over the past eight quarters, COLUMBIA BANKING SYSTEM, INC.'s revenue compounded faster (19.7% CAGR vs 2.3%).

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.

Umpqua Holdings Corporation, d.b.a. Umpqua Bank, was a financial holding company based in downtown Portland, Oregon, United States. Headquarters were in the Umpqua Bank Plaza, formerly the headquarters of Benj. Franklin Savings and Loan. The firm had two principal operating subsidiaries: Umpqua Bank and Umpqua Investments.

CLW vs COLB — Head-to-Head

Bigger by revenue
COLB
COLB
1.9× larger
COLB
$677.0M
$360.3M
CLW
Growing faster (revenue YoY)
COLB
COLB
+42.6% gap
COLB
37.9%
-4.7%
CLW
Higher net margin
COLB
COLB
31.9% more per $
COLB
28.4%
-3.6%
CLW
Faster 2-yr revenue CAGR
COLB
COLB
Annualised
COLB
19.7%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLW
CLW
COLB
COLB
Revenue
$360.3M
$677.0M
Net Profit
$-12.8M
$192.0M
Gross Margin
-0.2%
Operating Margin
Net Margin
-3.6%
28.4%
Revenue YoY
-4.7%
37.9%
Net Profit YoY
-103.2%
120.7%
EPS (diluted)
$0.66

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
CLW
CLW
COLB
COLB
Q1 26
$360.3M
$677.0M
Q4 25
$386.4M
$716.7M
Q3 25
$399.0M
$582.0M
Q2 25
$391.8M
$510.9M
Q1 25
$378.2M
$491.4M
Q4 24
$387.1M
$487.1M
Q3 24
$393.3M
$496.0M
Q2 24
$344.4M
$472.2M
Net Profit
CLW
CLW
COLB
COLB
Q1 26
$-12.8M
$192.0M
Q4 25
$38.3M
$215.0M
Q3 25
$-53.3M
$96.0M
Q2 25
$2.7M
$152.0M
Q1 25
$-6.3M
$87.0M
Q4 24
$199.1M
$143.0M
Q3 24
$5.8M
$146.0M
Q2 24
$-25.8M
$121.0M
Gross Margin
CLW
CLW
COLB
COLB
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
CLW
CLW
COLB
COLB
Q1 26
Q4 25
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
CLW
CLW
COLB
COLB
Q1 26
-3.6%
28.4%
Q4 25
9.9%
30.0%
Q3 25
-13.4%
16.5%
Q2 25
0.7%
29.8%
Q1 25
-1.7%
17.7%
Q4 24
51.4%
29.4%
Q3 24
1.5%
29.4%
Q2 24
-7.5%
25.6%
EPS (diluted)
CLW
CLW
COLB
COLB
Q1 26
$0.66
Q4 25
$2.36
$0.76
Q3 25
$-3.30
$0.40
Q2 25
$0.17
$0.73
Q1 25
$-0.38
$0.41
Q4 24
$11.87
$0.69
Q3 24
$0.35
$0.70
Q2 24
$-1.55
$0.57

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
COLB
COLB
Cash + ST InvestmentsLiquidity on hand
$36.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$7.7B
Total Assets
$1.6B
$66.0B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
COLB
COLB
Q1 26
$36.5M
Q4 25
$30.7M
$2.4B
Q3 25
$34.4M
$2.3B
Q2 25
$46.7M
$1.9B
Q1 25
$44.0M
$2.1B
Q4 24
$79.6M
$1.9B
Q3 24
$35.5M
$2.1B
Q2 24
$39.6M
$2.1B
Total Debt
CLW
CLW
COLB
COLB
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
CLW
CLW
COLB
COLB
Q1 26
$813.8M
$7.7B
Q4 25
$825.3M
$7.8B
Q3 25
$783.0M
$7.8B
Q2 25
$836.8M
$5.3B
Q1 25
$836.6M
$5.2B
Q4 24
$854.6M
$5.1B
Q3 24
$664.6M
$5.3B
Q2 24
$658.6M
$5.0B
Total Assets
CLW
CLW
COLB
COLB
Q1 26
$1.6B
$66.0B
Q4 25
$1.6B
$66.8B
Q3 25
$1.6B
$67.5B
Q2 25
$1.6B
$51.9B
Q1 25
$1.6B
$51.5B
Q4 24
$1.7B
$51.6B
Q3 24
$2.5B
$51.9B
Q2 24
$2.5B
$52.0B
Debt / Equity
CLW
CLW
COLB
COLB
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×

Financial Flow Comparison

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

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