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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and DONEGAL GROUP INC (DGICA). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $236.0M, roughly 1.5× DONEGAL GROUP INC). DONEGAL GROUP INC runs the higher net margin — 4.9% vs -3.6%, a 8.4% gap on every dollar of revenue. On growth, DONEGAL GROUP INC posted the faster year-over-year revenue change (-3.7% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -2.2%).
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.
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
CLW vs DGICA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $236.0M |
| Net Profit | $-12.8M | $11.5M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | — |
| Net Margin | -3.6% | 4.9% |
| Revenue YoY | -4.7% | -3.7% |
| Net Profit YoY | -103.2% | -54.3% |
| EPS (diluted) | — | — |
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 | $236.0M | ||
| Q4 25 | $386.4M | $239.8M | ||
| Q3 25 | $399.0M | $245.9M | ||
| Q2 25 | $391.8M | $247.1M | ||
| Q1 25 | $378.2M | $245.2M | ||
| Q4 24 | $387.1M | $250.0M | ||
| Q3 24 | $393.3M | $251.7M | ||
| Q2 24 | $344.4M | $246.8M |
| Q1 26 | $-12.8M | $11.5M | ||
| Q4 25 | $38.3M | $17.2M | ||
| Q3 25 | $-53.3M | $20.1M | ||
| Q2 25 | $2.7M | $16.9M | ||
| Q1 25 | $-6.3M | $25.2M | ||
| Q4 24 | $199.1M | $24.0M | ||
| Q3 24 | $5.8M | $16.8M | ||
| Q2 24 | $-25.8M | $4.2M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 8.7% | ||
| Q3 25 | -13.9% | 10.2% | ||
| Q2 25 | 2.5% | 8.3% | ||
| Q1 25 | -1.1% | 12.7% | ||
| Q4 24 | -4.0% | 11.9% | ||
| Q3 24 | -0.3% | 8.1% | ||
| Q2 24 | -13.6% | 2.0% |
| Q1 26 | -3.6% | 4.9% | ||
| Q4 25 | 9.9% | 7.2% | ||
| Q3 25 | -13.4% | 8.2% | ||
| Q2 25 | 0.7% | 6.8% | ||
| Q1 25 | -1.7% | 10.3% | ||
| Q4 24 | 51.4% | 9.6% | ||
| Q3 24 | 1.5% | 6.7% | ||
| Q2 24 | -7.5% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $-0.38 | — | ||
| Q4 24 | $11.87 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.5M | — |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $649.1M |
| Total Assets | $1.6B | $2.4B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 | — |
| Q1 26 | $813.8M | $649.1M | ||
| Q4 25 | $825.3M | $640.4M | ||
| Q3 25 | $783.0M | $627.4M | ||
| Q2 25 | $836.8M | $605.7M | ||
| Q1 25 | $836.6M | $584.7M | ||
| Q4 24 | $854.6M | $545.8M | ||
| Q3 24 | $664.6M | $513.4M | ||
| Q2 24 | $658.6M | $484.1M |
| Q1 26 | $1.6B | $2.4B | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $2.5B | $2.3B | ||
| Q2 24 | $2.5B | $2.3B |
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
