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

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $197.1M, roughly 1.8× Citi Trends Inc). Citi Trends Inc runs the higher net margin — -3.5% vs -3.6%, a 0.1% gap on every dollar of revenue. On growth, Citi Trends Inc posted the faster year-over-year revenue change (10.1% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -4.3%).

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.

Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.

CLW vs CTRN — Head-to-Head

Bigger by revenue
CLW
CLW
1.8× larger
CLW
$360.3M
$197.1M
CTRN
Growing faster (revenue YoY)
CTRN
CTRN
+14.8% gap
CTRN
10.1%
-4.7%
CLW
Higher net margin
CTRN
CTRN
0.1% more per $
CTRN
-3.5%
-3.6%
CLW
Faster 2-yr revenue CAGR
CLW
CLW
Annualised
CLW
2.3%
-4.3%
CTRN

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CLW
CLW
CTRN
CTRN
Revenue
$360.3M
$197.1M
Net Profit
$-12.8M
$-6.9M
Gross Margin
-0.2%
Operating Margin
-3.7%
Net Margin
-3.6%
-3.5%
Revenue YoY
-4.7%
10.1%
Net Profit YoY
-103.2%
3.6%
EPS (diluted)
$-0.86

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
CTRN
CTRN
Q1 26
$360.3M
Q4 25
$386.4M
$197.1M
Q3 25
$399.0M
$190.8M
Q2 25
$391.8M
$201.7M
Q1 25
$378.2M
$211.2M
Q4 24
$387.1M
$179.1M
Q3 24
$393.3M
$176.6M
Q2 24
$344.4M
$186.3M
Net Profit
CLW
CLW
CTRN
CTRN
Q1 26
$-12.8M
Q4 25
$38.3M
$-6.9M
Q3 25
$-53.3M
$3.8M
Q2 25
$2.7M
$871.0K
Q1 25
$-6.3M
$-14.2M
Q4 24
$199.1M
$-7.2M
Q3 24
$5.8M
$-18.4M
Q2 24
$-25.8M
$-3.4M
Gross Margin
CLW
CLW
CTRN
CTRN
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
CTRN
CTRN
Q1 26
Q4 25
1.9%
-3.7%
Q3 25
-13.9%
1.8%
Q2 25
2.5%
0.2%
Q1 25
-1.1%
0.6%
Q4 24
-4.0%
-4.9%
Q3 24
-0.3%
-14.1%
Q2 24
-13.6%
-3.7%
Net Margin
CLW
CLW
CTRN
CTRN
Q1 26
-3.6%
Q4 25
9.9%
-3.5%
Q3 25
-13.4%
2.0%
Q2 25
0.7%
0.4%
Q1 25
-1.7%
-6.7%
Q4 24
51.4%
-4.0%
Q3 24
1.5%
-10.4%
Q2 24
-7.5%
-1.8%
EPS (diluted)
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
$2.36
$-0.86
Q3 25
$-3.30
$0.46
Q2 25
$0.17
$0.11
Q1 25
$-0.38
$-1.70
Q4 24
$11.87
$-0.86
Q3 24
$0.35
$-2.21
Q2 24
$-1.55
$-0.42

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
CTRN
CTRN
Cash + ST InvestmentsLiquidity on hand
$36.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$107.8M
Total Assets
$1.6B
$464.3M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
CTRN
CTRN
Q1 26
$36.5M
Q4 25
$30.7M
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$44.0M
Q4 24
$79.6M
Q3 24
$35.5M
Q2 24
$39.6M
Total Debt
CLW
CLW
CTRN
CTRN
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
CTRN
CTRN
Q1 26
$813.8M
Q4 25
$825.3M
$107.8M
Q3 25
$783.0M
$113.2M
Q2 25
$836.8M
$108.6M
Q1 25
$836.6M
$113.2M
Q4 24
$854.6M
$130.3M
Q3 24
$664.6M
$136.6M
Q2 24
$658.6M
$154.8M
Total Assets
CLW
CLW
CTRN
CTRN
Q1 26
$1.6B
Q4 25
$1.6B
$464.3M
Q3 25
$1.6B
$457.4M
Q2 25
$1.6B
$437.4M
Q1 25
$1.6B
$462.8M
Q4 24
$1.7B
$467.1M
Q3 24
$2.5B
$506.7M
Q2 24
$2.5B
$484.1M
Debt / Equity
CLW
CLW
CTRN
CTRN
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
CTRN
CTRN
Operating Cash FlowLast quarter
$8.6M
Free Cash FlowOCF − Capex
$767.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
$5.0M
$8.6M
Q3 25
$34.0M
$3.9M
Q2 25
$-28.2M
$-11.0M
Q1 25
$1.5M
$28.5M
Q4 24
$-35.1M
$-18.4M
Q3 24
$16.2M
$5.6M
Q2 24
$21.1M
$-19.6M
Free Cash Flow
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
$-9.9M
$767.0K
Q3 25
$15.7M
$-1.7M
Q2 25
$-51.1M
$-13.1M
Q1 25
$-31.2M
$26.0M
Q4 24
$-68.1M
$-20.4M
Q3 24
$-30.8M
$1.7M
Q2 24
$3.0M
$-21.2M
FCF Margin
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
-2.6%
0.4%
Q3 25
3.9%
-0.9%
Q2 25
-13.0%
-6.5%
Q1 25
-8.2%
12.3%
Q4 24
-17.6%
-11.4%
Q3 24
-7.8%
0.9%
Q2 24
0.9%
-11.4%
Capex Intensity
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
3.9%
4.0%
Q3 25
4.6%
2.9%
Q2 25
5.8%
1.0%
Q1 25
8.6%
1.2%
Q4 24
8.5%
1.1%
Q3 24
12.0%
2.2%
Q2 24
5.3%
0.9%
Cash Conversion
CLW
CLW
CTRN
CTRN
Q1 26
Q4 25
0.13×
Q3 25
1.01×
Q2 25
-10.44×
-12.59×
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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