vs

Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Coursera, Inc. (COUR). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $196.9M, roughly 1.8× Coursera, Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -13.6%, a 10.1% gap on every dollar of revenue. On growth, Coursera, Inc. posted the faster year-over-year revenue change (9.9% vs -4.7%). Over the past eight quarters, Coursera, Inc.'s revenue compounded faster (7.9% 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.

Coursera Inc. is an American for-profit online university, earlier operating as a global massive open online course provider from 2012 until 2021. It was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects.

CLW vs COUR — Head-to-Head

Bigger by revenue
CLW
CLW
1.8× larger
CLW
$360.3M
$196.9M
COUR
Growing faster (revenue YoY)
COUR
COUR
+14.6% gap
COUR
9.9%
-4.7%
CLW
Higher net margin
CLW
CLW
10.1% more per $
CLW
-3.6%
-13.6%
COUR
Faster 2-yr revenue CAGR
COUR
COUR
Annualised
COUR
7.9%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
COUR
COUR
Revenue
$360.3M
$196.9M
Net Profit
$-12.8M
$-26.8M
Gross Margin
-0.2%
54.2%
Operating Margin
-16.4%
Net Margin
-3.6%
-13.6%
Revenue YoY
-4.7%
9.9%
Net Profit YoY
-103.2%
-24.1%
EPS (diluted)
$-0.16

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
COUR
COUR
Q1 26
$360.3M
Q4 25
$386.4M
$196.9M
Q3 25
$399.0M
$194.2M
Q2 25
$391.8M
$187.1M
Q1 25
$378.2M
$179.3M
Q4 24
$387.1M
$179.2M
Q3 24
$393.3M
$176.1M
Q2 24
$344.4M
$170.3M
Net Profit
CLW
CLW
COUR
COUR
Q1 26
$-12.8M
Q4 25
$38.3M
$-26.8M
Q3 25
$-53.3M
$-8.6M
Q2 25
$2.7M
$-7.8M
Q1 25
$-6.3M
$-7.8M
Q4 24
$199.1M
$-21.6M
Q3 24
$5.8M
$-13.7M
Q2 24
$-25.8M
$-22.9M
Gross Margin
CLW
CLW
COUR
COUR
Q1 26
-0.2%
Q4 25
4.5%
54.2%
Q3 25
4.7%
54.6%
Q2 25
11.0%
54.9%
Q1 25
9.7%
54.6%
Q4 24
3.8%
53.3%
Q3 24
7.7%
54.6%
Q2 24
-0.6%
53.0%
Operating Margin
CLW
CLW
COUR
COUR
Q1 26
Q4 25
1.9%
-16.4%
Q3 25
-13.9%
-8.0%
Q2 25
2.5%
-8.1%
Q1 25
-1.1%
-8.0%
Q4 24
-4.0%
-17.0%
Q3 24
-0.3%
-12.3%
Q2 24
-13.6%
-18.3%
Net Margin
CLW
CLW
COUR
COUR
Q1 26
-3.6%
Q4 25
9.9%
-13.6%
Q3 25
-13.4%
-4.4%
Q2 25
0.7%
-4.2%
Q1 25
-1.7%
-4.4%
Q4 24
51.4%
-12.1%
Q3 24
1.5%
-7.8%
Q2 24
-7.5%
-13.4%
EPS (diluted)
CLW
CLW
COUR
COUR
Q1 26
Q4 25
$2.36
$-0.16
Q3 25
$-3.30
$-0.05
Q2 25
$0.17
$-0.05
Q1 25
$-0.38
$-0.05
Q4 24
$11.87
$-0.13
Q3 24
$0.35
$-0.09
Q2 24
$-1.55
$-0.15

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
COUR
COUR
Cash + ST InvestmentsLiquidity on hand
$36.5M
$792.6M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$635.7M
Total Assets
$1.6B
$1.0B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
COUR
COUR
Q1 26
$36.5M
Q4 25
$30.7M
$792.6M
Q3 25
$34.4M
$797.7M
Q2 25
$46.7M
$775.1M
Q1 25
$44.0M
$748.0M
Q4 24
$79.6M
$726.1M
Q3 24
$35.5M
$719.4M
Q2 24
$39.6M
$708.8M
Total Debt
CLW
CLW
COUR
COUR
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
COUR
COUR
Q1 26
$813.8M
Q4 25
$825.3M
$635.7M
Q3 25
$783.0M
$639.5M
Q2 25
$836.8M
$627.0M
Q1 25
$836.6M
$610.5M
Q4 24
$854.6M
$597.4M
Q3 24
$664.6M
$593.3M
Q2 24
$658.6M
$585.2M
Total Assets
CLW
CLW
COUR
COUR
Q1 26
$1.6B
Q4 25
$1.6B
$1.0B
Q3 25
$1.6B
$995.3M
Q2 25
$1.6B
$979.9M
Q1 25
$1.6B
$951.2M
Q4 24
$1.7B
$930.3M
Q3 24
$2.5B
$914.1M
Q2 24
$2.5B
$904.4M
Debt / Equity
CLW
CLW
COUR
COUR
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
CLW
CLW
COUR
COUR
Operating Cash FlowLast quarter
$5.8M
Free Cash FlowOCF − Capex
$5.4M
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
COUR
COUR
Q1 26
Q4 25
$5.0M
$5.8M
Q3 25
$34.0M
$33.9M
Q2 25
$-28.2M
$35.5M
Q1 25
$1.5M
$33.5M
Q4 24
$-35.1M
$19.2M
Q3 24
$16.2M
$27.9M
Q2 24
$21.1M
$23.8M
Free Cash Flow
CLW
CLW
COUR
COUR
Q1 26
Q4 25
$-9.9M
$5.4M
Q3 25
$15.7M
$33.7M
Q2 25
$-51.1M
$35.1M
Q1 25
$-31.2M
$33.0M
Q4 24
$-68.1M
$18.1M
Q3 24
$-30.8M
$27.7M
Q2 24
$3.0M
$23.6M
FCF Margin
CLW
CLW
COUR
COUR
Q1 26
Q4 25
-2.6%
2.7%
Q3 25
3.9%
17.4%
Q2 25
-13.0%
18.8%
Q1 25
-8.2%
18.4%
Q4 24
-17.6%
10.1%
Q3 24
-7.8%
15.7%
Q2 24
0.9%
13.9%
Capex Intensity
CLW
CLW
COUR
COUR
Q1 26
Q4 25
3.9%
0.2%
Q3 25
4.6%
0.1%
Q2 25
5.8%
0.2%
Q1 25
8.6%
0.3%
Q4 24
8.5%
0.6%
Q3 24
12.0%
0.1%
Q2 24
5.3%
0.1%
Cash Conversion
CLW
CLW
COUR
COUR
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.

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

COUR
COUR

Consumer Segment$131.5M67%
Enterprise Segment$65.4M33%

Related Comparisons