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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Dine Brands Global, Inc. (DIN). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $217.6M, roughly 1.7× Dine Brands Global, Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -5.6%, a 2.1% gap on every dollar of revenue. On growth, Dine Brands Global, Inc. posted the faster year-over-year revenue change (6.3% vs -4.7%). Over the past eight quarters, Dine Brands Global, Inc.'s revenue compounded faster (2.7% 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.
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
CLW vs DIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $217.6M |
| Net Profit | $-12.8M | $-12.2M |
| Gross Margin | -0.2% | 42.4% |
| Operating Margin | — | -7.6% |
| Net Margin | -3.6% | -5.6% |
| Revenue YoY | -4.7% | 6.3% |
| Net Profit YoY | -103.2% | -336.1% |
| EPS (diluted) | — | $-0.79 |
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 | $217.6M | ||
| Q3 25 | $399.0M | $216.2M | ||
| Q2 25 | $391.8M | $230.8M | ||
| Q1 25 | $378.2M | $214.8M | ||
| Q4 24 | $387.1M | $204.8M | ||
| Q3 24 | $393.3M | $195.0M | ||
| Q2 24 | $344.4M | $206.3M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-12.2M | ||
| Q3 25 | $-53.3M | $7.3M | ||
| Q2 25 | $2.7M | $13.8M | ||
| Q1 25 | $-6.3M | $8.2M | ||
| Q4 24 | $199.1M | $5.2M | ||
| Q3 24 | $5.8M | $19.1M | ||
| Q2 24 | $-25.8M | $23.2M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 42.4% | ||
| Q3 25 | 4.7% | 39.1% | ||
| Q2 25 | 11.0% | 40.0% | ||
| Q1 25 | 9.7% | 42.0% | ||
| Q4 24 | 3.8% | 41.7% | ||
| Q3 24 | 7.7% | 47.8% | ||
| Q2 24 | -0.6% | 48.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -7.6% | ||
| Q3 25 | -13.9% | 4.7% | ||
| Q2 25 | 2.5% | 8.2% | ||
| Q1 25 | -1.1% | 6.0% | ||
| Q4 24 | -4.0% | 3.8% | ||
| Q3 24 | -0.3% | 13.6% | ||
| Q2 24 | -13.6% | 15.1% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -5.6% | ||
| Q3 25 | -13.4% | 3.4% | ||
| Q2 25 | 0.7% | 6.0% | ||
| Q1 25 | -1.7% | 3.8% | ||
| Q4 24 | 51.4% | 2.5% | ||
| Q3 24 | 1.5% | 9.8% | ||
| Q2 24 | -7.5% | 11.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.79 | ||
| Q3 25 | $-3.30 | $0.48 | ||
| Q2 25 | $0.17 | $0.89 | ||
| Q1 25 | $-0.38 | $0.53 | ||
| Q4 24 | $11.87 | $0.35 | ||
| Q3 24 | $0.35 | $1.24 | ||
| Q2 24 | $-1.55 | $1.50 |
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 | $128.2M |
| Total DebtLower is stronger | $361.1M | $1.2B |
| Stockholders' EquityBook value | $813.8M | $-273.9M |
| Total Assets | $1.6B | $1.7B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $128.2M | ||
| Q3 25 | $34.4M | $167.9M | ||
| Q2 25 | $46.7M | $194.2M | ||
| Q1 25 | $44.0M | $186.5M | ||
| Q4 24 | $79.6M | $186.7M | ||
| Q3 24 | $35.5M | $169.6M | ||
| Q2 24 | $39.6M | $153.5M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $1.2B | ||
| Q3 25 | $337.0M | $1.2B | ||
| Q2 25 | $330.1M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| 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 | $-273.9M | ||
| Q3 25 | $783.0M | $-231.9M | ||
| Q2 25 | $836.8M | $-212.5M | ||
| Q1 25 | $836.6M | $-215.7M | ||
| Q4 24 | $854.6M | $-216.0M | ||
| Q3 24 | $664.6M | $-216.7M | ||
| Q2 24 | $658.6M | $-231.7M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $2.5B | $1.7B | ||
| Q2 24 | $2.5B | $1.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $5.7M |
| Free Cash FlowOCF − Capex | — | $-8.6M |
| FCF MarginFCF / Revenue | — | -3.9% |
| Capex IntensityCapex / Revenue | — | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $53.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $5.7M | ||
| Q3 25 | $34.0M | $30.2M | ||
| Q2 25 | $-28.2M | $37.0M | ||
| Q1 25 | $1.5M | $16.1M | ||
| Q4 24 | $-35.1M | $30.5M | ||
| Q3 24 | $16.2M | $25.5M | ||
| Q2 24 | $21.1M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-8.6M | ||
| Q3 25 | $15.7M | $18.1M | ||
| Q2 25 | $-51.1M | $31.0M | ||
| Q1 25 | $-31.2M | $12.8M | ||
| Q4 24 | $-68.1M | $26.7M | ||
| Q3 24 | $-30.8M | $22.0M | ||
| Q2 24 | $3.0M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -3.9% | ||
| Q3 25 | 3.9% | 8.4% | ||
| Q2 25 | -13.0% | 13.4% | ||
| Q1 25 | -8.2% | 6.0% | ||
| Q4 24 | -17.6% | 13.0% | ||
| Q3 24 | -7.8% | 11.3% | ||
| Q2 24 | 0.9% | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 6.6% | ||
| Q3 25 | 4.6% | 5.6% | ||
| Q2 25 | 5.8% | 2.6% | ||
| Q1 25 | 8.6% | 1.5% | ||
| Q4 24 | 8.5% | 1.9% | ||
| Q3 24 | 12.0% | 1.8% | ||
| Q2 24 | 5.3% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 4.12× | ||
| Q2 25 | -10.44× | 2.68× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | -0.18× | 5.88× | ||
| Q3 24 | 2.79× | 1.34× | ||
| Q2 24 | — | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
DIN
| Franchisor | $163.2M | 75% |
| Food And Beverage | $27.3M | 13% |
| Proprietary Product Sales And Other | $17.0M | 8% |
| Other | $8.1M | 4% |
| Franchise And Development Fees | $2.0M | 1% |
