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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Criteo S.A. (CRTO). Click either name above to swap in a different company.

Criteo S.A. is the larger business by last-quarter revenue ($482.7M vs $360.3M, roughly 1.3× Clearwater Paper Corp). Criteo S.A. runs the higher net margin — 4.4% vs -3.6%, a 8.0% gap on every dollar of revenue. On growth, Criteo S.A. posted the faster year-over-year revenue change (2.4% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 1.4%).

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.

Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.

CLW vs CRTO — Head-to-Head

Bigger by revenue
CRTO
CRTO
1.3× larger
CRTO
$482.7M
$360.3M
CLW
Growing faster (revenue YoY)
CRTO
CRTO
+7.1% gap
CRTO
2.4%
-4.7%
CLW
Higher net margin
CRTO
CRTO
8.0% more per $
CRTO
4.4%
-3.6%
CLW
Faster 2-yr revenue CAGR
CLW
CLW
Annualised
CLW
2.3%
1.4%
CRTO

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CLW
CLW
CRTO
CRTO
Revenue
$360.3M
$482.7M
Net Profit
$-12.8M
$21.3M
Gross Margin
-0.2%
53.6%
Operating Margin
6.3%
Net Margin
-3.6%
4.4%
Revenue YoY
-4.7%
2.4%
Net Profit YoY
-103.2%
-21.3%
EPS (diluted)
$0.39

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
CRTO
CRTO
Q1 26
$360.3M
Q4 25
$386.4M
Q3 25
$399.0M
Q2 25
$391.8M
$482.7M
Q1 25
$378.2M
$451.4M
Q4 24
$387.1M
$553.0M
Q3 24
$393.3M
$458.9M
Q2 24
$344.4M
$471.3M
Net Profit
CLW
CLW
CRTO
CRTO
Q1 26
$-12.8M
Q4 25
$38.3M
Q3 25
$-53.3M
Q2 25
$2.7M
$21.3M
Q1 25
$-6.3M
$37.9M
Q4 24
$199.1M
$71.1M
Q3 24
$5.8M
$6.2M
Q2 24
$-25.8M
$27.0M
Gross Margin
CLW
CLW
CRTO
CRTO
Q1 26
-0.2%
Q4 25
4.5%
Q3 25
4.7%
Q2 25
11.0%
53.6%
Q1 25
9.7%
52.5%
Q4 24
3.8%
54.4%
Q3 24
7.7%
50.5%
Q2 24
-0.6%
49.4%
Operating Margin
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
1.9%
Q3 25
-13.9%
Q2 25
2.5%
6.3%
Q1 25
-1.1%
10.7%
Q4 24
-4.0%
17.1%
Q3 24
-0.3%
2.1%
Q2 24
-13.6%
7.8%
Net Margin
CLW
CLW
CRTO
CRTO
Q1 26
-3.6%
Q4 25
9.9%
Q3 25
-13.4%
Q2 25
0.7%
4.4%
Q1 25
-1.7%
8.4%
Q4 24
51.4%
12.9%
Q3 24
1.5%
1.4%
Q2 24
-7.5%
5.7%
EPS (diluted)
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
$2.36
Q3 25
$-3.30
Q2 25
$0.17
$0.39
Q1 25
$-0.38
$0.66
Q4 24
$11.87
$1.21
Q3 24
$0.35
$0.11
Q2 24
$-1.55
$0.46

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
CRTO
CRTO
Cash + ST InvestmentsLiquidity on hand
$36.5M
$223.6M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$1.1B
Total Assets
$1.6B
$2.1B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
CRTO
CRTO
Q1 26
$36.5M
Q4 25
$30.7M
Q3 25
$34.4M
Q2 25
$46.7M
$223.6M
Q1 25
$44.0M
$313.2M
Q4 24
$79.6M
$316.9M
Q3 24
$35.5M
$231.8M
Q2 24
$39.6M
$233.2M
Total Debt
CLW
CLW
CRTO
CRTO
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
CRTO
CRTO
Q1 26
$813.8M
Q4 25
$825.3M
Q3 25
$783.0M
Q2 25
$836.8M
$1.1B
Q1 25
$836.6M
$1.1B
Q4 24
$854.6M
$1.0B
Q3 24
$664.6M
$1.1B
Q2 24
$658.6M
$1.0B
Total Assets
CLW
CLW
CRTO
CRTO
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
$2.1B
Q1 25
$1.6B
$2.1B
Q4 24
$1.7B
$2.3B
Q3 24
$2.5B
$2.2B
Q2 24
$2.5B
$2.2B
Debt / Equity
CLW
CLW
CRTO
CRTO
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
CRTO
CRTO
Operating Cash FlowLast quarter
$-1.4M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-7.6%
Capex IntensityCapex / Revenue
7.3%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
$5.0M
Q3 25
$34.0M
Q2 25
$-28.2M
$-1.4M
Q1 25
$1.5M
$62.3M
Q4 24
$-35.1M
$169.5M
Q3 24
$16.2M
$57.5M
Q2 24
$21.1M
$17.2M
Free Cash Flow
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
$-9.9M
Q3 25
$15.7M
Q2 25
$-51.1M
$-36.6M
Q1 25
$-31.2M
$45.3M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
$-4.0M
FCF Margin
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
-2.6%
Q3 25
3.9%
Q2 25
-13.0%
-7.6%
Q1 25
-8.2%
10.0%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
-0.9%
Capex Intensity
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
3.9%
Q3 25
4.6%
Q2 25
5.8%
7.3%
Q1 25
8.6%
3.8%
Q4 24
8.5%
Q3 24
12.0%
Q2 24
5.3%
4.5%
Cash Conversion
CLW
CLW
CRTO
CRTO
Q1 26
Q4 25
0.13×
Q3 25
Q2 25
-10.44×
-0.07×
Q1 25
1.64×
Q4 24
-0.18×
2.38×
Q3 24
2.79×
9.21×
Q2 24
0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

CRTO
CRTO

Commerce Growth$393.9M82%
Retail Media$60.9M13%
Other$27.9M6%

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