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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Critical Metals Corp. (CRML). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3K vs $359.9K, roughly 1.0× Critical Metals Corp.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -5262.2%, a 5258.6% gap on every dollar of revenue.

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.

Metlen Energy & Metals is a global industrial and energy company operating two business Sectors: Energy and Metallurgy. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index

CLW vs CRML — Head-to-Head

Bigger by revenue
CLW
CLW
1.0× larger
CLW
$360.3K
$359.9K
CRML
Higher net margin
CLW
CLW
5258.6% more per $
CLW
-3.6%
-5262.2%
CRML

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
CLW
CLW
CRML
CRML
Revenue
$360.3K
$359.9K
Net Profit
$-12.8K
$-18.9M
Gross Margin
-0.2%
Operating Margin
Net Margin
-3.6%
-5262.2%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)
$-0.21

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
CRML
CRML
Q1 26
$360.3K
Q4 25
$386.4M
Q3 25
$399.0M
Q2 25
$391.8M
Q1 25
$378.2M
Q4 24
$387.1M
$359.9K
Q3 24
$393.3M
Q2 24
$344.4M
Net Profit
CLW
CLW
CRML
CRML
Q1 26
$-12.8K
Q4 25
$38.3M
Q3 25
$-53.3M
Q2 25
$2.7M
Q1 25
$-6.3M
Q4 24
$199.1M
$-18.9M
Q3 24
$5.8M
Q2 24
$-25.8M
Gross Margin
CLW
CLW
CRML
CRML
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
CRML
CRML
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
CRML
CRML
Q1 26
-3.6%
Q4 25
9.9%
Q3 25
-13.4%
Q2 25
0.7%
Q1 25
-1.7%
Q4 24
51.4%
-5262.2%
Q3 24
1.5%
Q2 24
-7.5%
EPS (diluted)
CLW
CLW
CRML
CRML
Q1 26
Q4 25
$2.36
Q3 25
$-3.30
Q2 25
$0.17
Q1 25
$-0.38
Q4 24
$11.87
$-0.21
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
CLW
CLW
CRML
CRML
Cash + ST InvestmentsLiquidity on hand
$36.5M
$149.5K
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$77.1M
Total Assets
$1.6B
$146.3M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
CRML
CRML
Q1 26
$36.5M
Q4 25
$30.7M
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$44.0M
Q4 24
$79.6M
$149.5K
Q3 24
$35.5M
Q2 24
$39.6M
Total Debt
CLW
CLW
CRML
CRML
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
CRML
CRML
Q1 26
$813.8M
Q4 25
$825.3M
Q3 25
$783.0M
Q2 25
$836.8M
Q1 25
$836.6M
Q4 24
$854.6M
$77.1M
Q3 24
$664.6M
Q2 24
$658.6M
Total Assets
CLW
CLW
CRML
CRML
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
$146.3M
Q3 24
$2.5B
Q2 24
$2.5B
Debt / Equity
CLW
CLW
CRML
CRML
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
CRML
CRML
Operating Cash FlowLast quarter
$-2.6M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-719.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
CRML
CRML
Q1 26
Q4 25
$5.0M
Q3 25
$34.0M
Q2 25
$-28.2M
Q1 25
$1.5M
Q4 24
$-35.1M
$-2.6M
Q3 24
$16.2M
Q2 24
$21.1M
Free Cash Flow
CLW
CLW
CRML
CRML
Q1 26
Q4 25
$-9.9M
Q3 25
$15.7M
Q2 25
$-51.1M
Q1 25
$-31.2M
Q4 24
$-68.1M
$-2.6M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
CLW
CLW
CRML
CRML
Q1 26
Q4 25
-2.6%
Q3 25
3.9%
Q2 25
-13.0%
Q1 25
-8.2%
Q4 24
-17.6%
-719.7%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
CLW
CLW
CRML
CRML
Q1 26
Q4 25
3.9%
Q3 25
4.6%
Q2 25
5.8%
Q1 25
8.6%
Q4 24
8.5%
0.3%
Q3 24
12.0%
Q2 24
5.3%
Cash Conversion
CLW
CLW
CRML
CRML
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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