vs

Side-by-side financial comparison of Clearwater Paper Corp (CLW) and DIVERSIFIED HEALTHCARE TRUST (DHC). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $360.3M, roughly 1.1× Clearwater Paper Corp). Clearwater Paper Corp runs the higher net margin — -3.6% vs -5.6%, a 2.0% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 1.2%).

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.

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

CLW vs DHC — Head-to-Head

Bigger by revenue
DHC
DHC
1.1× larger
DHC
$379.6M
$360.3M
CLW
Growing faster (revenue YoY)
DHC
DHC
+4.7% gap
DHC
-0.0%
-4.7%
CLW
Higher net margin
CLW
CLW
2.0% more per $
CLW
-3.6%
-5.6%
DHC
Faster 2-yr revenue CAGR
CLW
CLW
Annualised
CLW
2.3%
1.2%
DHC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
DHC
DHC
Revenue
$360.3M
$379.6M
Net Profit
$-12.8M
$-21.2M
Gross Margin
-0.2%
Operating Margin
-12.6%
Net Margin
-3.6%
-5.6%
Revenue YoY
-4.7%
-0.0%
Net Profit YoY
-103.2%
75.7%
EPS (diluted)
$-0.09

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
DHC
DHC
Q1 26
$360.3M
Q4 25
$386.4M
$379.6M
Q3 25
$399.0M
$388.7M
Q2 25
$391.8M
$382.7M
Q1 25
$378.2M
$386.9M
Q4 24
$387.1M
$379.6M
Q3 24
$393.3M
$373.6M
Q2 24
$344.4M
$371.4M
Net Profit
CLW
CLW
DHC
DHC
Q1 26
$-12.8M
Q4 25
$38.3M
$-21.2M
Q3 25
$-53.3M
$-164.0M
Q2 25
$2.7M
$-91.6M
Q1 25
$-6.3M
$-9.0M
Q4 24
$199.1M
$-87.4M
Q3 24
$5.8M
$-98.7M
Q2 24
$-25.8M
$-97.9M
Gross Margin
CLW
CLW
DHC
DHC
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
DHC
DHC
Q1 26
Q4 25
1.9%
-12.6%
Q3 25
-13.9%
-43.4%
Q2 25
2.5%
-24.5%
Q1 25
-1.1%
-2.7%
Q4 24
-4.0%
-26.1%
Q3 24
-0.3%
-26.5%
Q2 24
-13.6%
-23.0%
Net Margin
CLW
CLW
DHC
DHC
Q1 26
-3.6%
Q4 25
9.9%
-5.6%
Q3 25
-13.4%
-42.2%
Q2 25
0.7%
-23.9%
Q1 25
-1.7%
-2.3%
Q4 24
51.4%
-23.0%
Q3 24
1.5%
-26.4%
Q2 24
-7.5%
-26.3%
EPS (diluted)
CLW
CLW
DHC
DHC
Q1 26
Q4 25
$2.36
$-0.09
Q3 25
$-3.30
$-0.68
Q2 25
$0.17
$-0.38
Q1 25
$-0.38
$-0.04
Q4 24
$11.87
$-0.37
Q3 24
$0.35
$-0.41
Q2 24
$-1.55
$-0.41

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
DHC
DHC
Cash + ST InvestmentsLiquidity on hand
$36.5M
$105.4M
Total DebtLower is stronger
$361.1M
$2.4B
Stockholders' EquityBook value
$813.8M
$1.7B
Total Assets
$1.6B
$4.4B
Debt / EquityLower = less leverage
0.44×
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
DHC
DHC
Q1 26
$36.5M
Q4 25
$30.7M
$105.4M
Q3 25
$34.4M
$201.4M
Q2 25
$46.7M
$141.8M
Q1 25
$44.0M
$302.6M
Q4 24
$79.6M
$144.6M
Q3 24
$35.5M
$256.5M
Q2 24
$39.6M
$265.6M
Total Debt
CLW
CLW
DHC
DHC
Q1 26
$361.1M
Q4 25
$346.8M
$2.4B
Q3 25
$337.0M
Q2 25
$330.1M
Q1 25
Q4 24
$283.4M
$3.1B
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
CLW
CLW
DHC
DHC
Q1 26
$813.8M
Q4 25
$825.3M
$1.7B
Q3 25
$783.0M
$1.7B
Q2 25
$836.8M
$1.9B
Q1 25
$836.6M
$1.9B
Q4 24
$854.6M
$2.0B
Q3 24
$664.6M
$2.0B
Q2 24
$658.6M
$2.1B
Total Assets
CLW
CLW
DHC
DHC
Q1 26
$1.6B
Q4 25
$1.6B
$4.4B
Q3 25
$1.6B
$4.7B
Q2 25
$1.6B
$4.8B
Q1 25
$1.6B
$5.0B
Q4 24
$1.7B
$5.1B
Q3 24
$2.5B
$5.3B
Q2 24
$2.5B
$5.3B
Debt / Equity
CLW
CLW
DHC
DHC
Q1 26
0.44×
Q4 25
0.42×
1.47×
Q3 25
0.43×
Q2 25
0.39×
Q1 25
Q4 24
0.33×
1.56×
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
DHC
DHC
Operating Cash FlowLast quarter
$-19.6M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
DHC
DHC
Q1 26
Q4 25
$5.0M
$-19.6M
Q3 25
$34.0M
$-49.3M
Q2 25
$-28.2M
$53.0M
Q1 25
$1.5M
$-3.2M
Q4 24
$-35.1M
$112.2M
Q3 24
$16.2M
$21.1M
Q2 24
$21.1M
$44.3M
Free Cash Flow
CLW
CLW
DHC
DHC
Q1 26
Q4 25
$-9.9M
$-166.4M
Q3 25
$15.7M
$-89.8M
Q2 25
$-51.1M
$18.8M
Q1 25
$-31.2M
$-42.9M
Q4 24
$-68.1M
$-89.5M
Q3 24
$-30.8M
$-26.1M
Q2 24
$3.0M
$3.3M
FCF Margin
CLW
CLW
DHC
DHC
Q1 26
Q4 25
-2.6%
-43.8%
Q3 25
3.9%
-23.1%
Q2 25
-13.0%
4.9%
Q1 25
-8.2%
-11.1%
Q4 24
-17.6%
-23.6%
Q3 24
-7.8%
-7.0%
Q2 24
0.9%
0.9%
Capex Intensity
CLW
CLW
DHC
DHC
Q1 26
Q4 25
3.9%
38.7%
Q3 25
4.6%
10.4%
Q2 25
5.8%
8.9%
Q1 25
8.6%
10.2%
Q4 24
8.5%
53.1%
Q3 24
12.0%
12.6%
Q2 24
5.3%
11.0%
Cash Conversion
CLW
CLW
DHC
DHC
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.

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

Related Comparisons