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

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3K vs $243.0K, roughly 1.5× Cardiff Oncology, Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -2969.5%, a 2966.0% gap on every dollar of revenue. On growth, Cardiff Oncology, Inc. posted the faster year-over-year revenue change (62.0% vs -4.7%). Over the past eight quarters, Cardiff Oncology, Inc.'s revenue compounded faster (8.9% CAGR vs -96.8%).

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.

CLW vs CRDF — Head-to-Head

Bigger by revenue
CLW
CLW
1.5× larger
CLW
$360.3K
$243.0K
CRDF
Growing faster (revenue YoY)
CRDF
CRDF
+66.7% gap
CRDF
62.0%
-4.7%
CLW
Higher net margin
CLW
CLW
2966.0% more per $
CLW
-3.6%
-2969.5%
CRDF
Faster 2-yr revenue CAGR
CRDF
CRDF
Annualised
CRDF
8.9%
-96.8%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
CRDF
CRDF
Revenue
$360.3K
$243.0K
Net Profit
$-12.8K
$-7.2M
Gross Margin
-0.2%
Operating Margin
-3221.0%
Net Margin
-3.6%
-2969.5%
Revenue YoY
-4.7%
62.0%
Net Profit YoY
-103.2%
38.8%
EPS (diluted)
$-0.11

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
CRDF
CRDF
Q1 26
$360.3K
Q4 25
$386.4M
$243.0K
Q3 25
$399.0M
$120.0K
Q2 25
$391.8M
$121.0K
Q1 25
$378.2M
$109.0K
Q4 24
$387.1M
$150.0K
Q3 24
$393.3M
$165.0K
Q2 24
$344.4M
$163.0K
Net Profit
CLW
CLW
CRDF
CRDF
Q1 26
$-12.8K
Q4 25
$38.3M
$-7.2M
Q3 25
$-53.3M
$-11.3M
Q2 25
$2.7M
$-13.9M
Q1 25
$-6.3M
$-13.4M
Q4 24
$199.1M
$-11.8M
Q3 24
$5.8M
$-11.9M
Q2 24
$-25.8M
$-11.8M
Gross Margin
CLW
CLW
CRDF
CRDF
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
CRDF
CRDF
Q1 26
Q4 25
1.9%
-3221.0%
Q3 25
-13.9%
-9978.3%
Q2 25
2.5%
-12212.4%
Q1 25
-1.1%
-13194.5%
Q4 24
-4.0%
-8381.3%
Q3 24
-0.3%
-7637.0%
Q2 24
-13.6%
-7696.3%
Net Margin
CLW
CLW
CRDF
CRDF
Q1 26
-3.6%
Q4 25
9.9%
-2969.5%
Q3 25
-13.4%
-9381.7%
Q2 25
0.7%
-11523.1%
Q1 25
-1.7%
-12324.8%
Q4 24
51.4%
-7858.0%
Q3 24
1.5%
-7184.8%
Q2 24
-7.5%
-7225.8%
EPS (diluted)
CLW
CLW
CRDF
CRDF
Q1 26
Q4 25
$2.36
$-0.11
Q3 25
$-3.30
$-0.17
Q2 25
$0.17
$-0.21
Q1 25
$-0.38
$-0.20
Q4 24
$11.87
$-0.22
Q3 24
$0.35
$-0.25
Q2 24
$-1.55
$-0.26

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
CRDF
CRDF
Cash + ST InvestmentsLiquidity on hand
$36.5M
$58.3M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$45.4M
Total Assets
$1.6B
$61.9M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
CRDF
CRDF
Q1 26
$36.5M
Q4 25
$30.7M
$58.3M
Q3 25
$34.4M
$60.6M
Q2 25
$46.7M
$71.0M
Q1 25
$44.0M
$79.9M
Q4 24
$79.6M
$91.7M
Q3 24
$35.5M
$57.7M
Q2 24
$39.6M
$60.3M
Total Debt
CLW
CLW
CRDF
CRDF
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
CRDF
CRDF
Q1 26
$813.8M
Q4 25
$825.3M
$45.4M
Q3 25
$783.0M
$48.8M
Q2 25
$836.8M
$58.6M
Q1 25
$836.6M
$70.9M
Q4 24
$854.6M
$82.9M
Q3 24
$664.6M
$49.4M
Q2 24
$658.6M
$52.4M
Total Assets
CLW
CLW
CRDF
CRDF
Q1 26
$1.6B
Q4 25
$1.6B
$61.9M
Q3 25
$1.6B
$63.8M
Q2 25
$1.6B
$75.7M
Q1 25
$1.6B
$84.8M
Q4 24
$1.7B
$97.2M
Q3 24
$2.5B
$62.9M
Q2 24
$2.5B
$66.1M
Debt / Equity
CLW
CLW
CRDF
CRDF
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
CRDF
CRDF
Operating Cash FlowLast quarter
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
CRDF
CRDF
Q1 26
Q4 25
$5.0M
$-6.0M
Q3 25
$34.0M
$-10.8M
Q2 25
$-28.2M
$-8.3M
Q1 25
$1.5M
$-12.8M
Q4 24
$-35.1M
$-10.3M
Q3 24
$16.2M
$-10.5M
Q2 24
$21.1M
$-9.2M
Free Cash Flow
CLW
CLW
CRDF
CRDF
Q1 26
Q4 25
$-9.9M
Q3 25
$15.7M
$-10.9M
Q2 25
$-51.1M
Q1 25
$-31.2M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
CLW
CLW
CRDF
CRDF
Q1 26
Q4 25
-2.6%
Q3 25
3.9%
-9043.3%
Q2 25
-13.0%
Q1 25
-8.2%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
CLW
CLW
CRDF
CRDF
Q1 26
Q4 25
3.9%
Q3 25
4.6%
15.0%
Q2 25
5.8%
Q1 25
8.6%
Q4 24
8.5%
0.0%
Q3 24
12.0%
0.0%
Q2 24
5.3%
0.0%
Cash Conversion
CLW
CLW
CRDF
CRDF
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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