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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Dayforce (DAY). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $360.3M, roughly 1.3× Clearwater Paper Corp). Clearwater Paper Corp runs the higher net margin — -3.6% vs -40.9%, a 37.3% gap on every dollar of revenue. On growth, Dayforce posted the faster year-over-year revenue change (9.5% vs -4.7%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% 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.
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
CLW vs DAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $481.6M |
| Net Profit | $-12.8M | $-196.8M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 6.3% |
| Net Margin | -3.6% | -40.9% |
| Revenue YoY | -4.7% | 9.5% |
| Net Profit YoY | -103.2% | -9940.0% |
| EPS (diluted) | — | $-1.23 |
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.
| Q1 26 | $360.3M | — | ||
| Q4 25 | $386.4M | — | ||
| Q3 25 | $399.0M | $481.6M | ||
| Q2 25 | $391.8M | $464.7M | ||
| Q1 25 | $378.2M | $481.8M | ||
| Q4 24 | $387.1M | $465.2M | ||
| Q3 24 | $393.3M | $440.0M | ||
| Q2 24 | $344.4M | $423.3M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $-196.8M | ||
| Q2 25 | $2.7M | $21.3M | ||
| Q1 25 | $-6.3M | $14.9M | ||
| Q4 24 | $199.1M | $10.8M | ||
| Q3 24 | $5.8M | $2.0M | ||
| Q2 24 | $-25.8M | $-1.8M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 3.8% | 47.0% | ||
| Q3 24 | 7.7% | 45.8% | ||
| Q2 24 | -0.6% | 44.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -13.9% | 6.3% | ||
| Q2 25 | 2.5% | 9.1% | ||
| Q1 25 | -1.1% | 6.4% | ||
| Q4 24 | -4.0% | 6.1% | ||
| Q3 24 | -0.3% | 4.7% | ||
| Q2 24 | -13.6% | 3.3% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | -40.9% | ||
| Q2 25 | 0.7% | 4.6% | ||
| Q1 25 | -1.7% | 3.1% | ||
| Q4 24 | 51.4% | 2.3% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | -7.5% | -0.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | $-1.23 | ||
| Q2 25 | $0.17 | $0.13 | ||
| Q1 25 | $-0.38 | $0.09 | ||
| Q4 24 | $11.87 | $0.07 | ||
| Q3 24 | $0.35 | $0.01 | ||
| Q2 24 | $-1.55 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.5M | $627.6M |
| Total DebtLower is stronger | $361.1M | $631.1M |
| Stockholders' EquityBook value | $813.8M | $2.7B |
| Total Assets | $1.6B | $8.7B |
| Debt / EquityLower = less leverage | 0.44× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | $627.6M | ||
| Q2 25 | $46.7M | $625.2M | ||
| Q1 25 | $44.0M | $557.3M | ||
| Q4 24 | $79.6M | $579.7M | ||
| Q3 24 | $35.5M | $494.1M | ||
| Q2 24 | $39.6M | $465.4M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | $631.1M | ||
| Q2 25 | $330.1M | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | $283.4M | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | — | ||
| Q3 25 | $783.0M | $2.7B | ||
| Q2 25 | $836.8M | $2.7B | ||
| Q1 25 | $836.6M | $2.6B | ||
| Q4 24 | $854.6M | $2.5B | ||
| Q3 24 | $664.6M | $2.6B | ||
| Q2 24 | $658.6M | $2.5B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $8.7B | ||
| Q2 25 | $1.6B | $8.5B | ||
| Q1 25 | $1.6B | $9.5B | ||
| Q4 24 | $1.7B | $9.1B | ||
| Q3 24 | $2.5B | $8.1B | ||
| Q2 24 | $2.5B | $9.0B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | 0.23× | ||
| Q2 25 | 0.39× | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.33× | 0.47× | ||
| Q3 24 | 1.73× | 0.47× | ||
| Q2 24 | 1.74× | 0.49× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $31.2M |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $34.0M | $31.2M | ||
| Q2 25 | $-28.2M | $112.7M | ||
| Q1 25 | $1.5M | $49.6M | ||
| Q4 24 | $-35.1M | $81.0M | ||
| Q3 24 | $16.2M | $91.8M | ||
| Q2 24 | $21.1M | $99.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | — | ||
| Q2 25 | $-51.1M | — | ||
| Q1 25 | $-31.2M | — | ||
| Q4 24 | $-68.1M | — | ||
| Q3 24 | $-30.8M | — | ||
| Q2 24 | $3.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -13.0% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -17.6% | — | ||
| Q3 24 | -7.8% | — | ||
| Q2 24 | 0.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 5.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | 5.29× | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | -0.18× | 7.50× | ||
| Q3 24 | 2.79× | 45.90× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
