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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $360.3M, roughly 1.1× Clearwater Paper Corp). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs -3.6%, a 27.5% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -4.7%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% 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.
Dolby Laboratories, Inc. is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers.
CLW vs DLB — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $395.6M |
| Net Profit | $-12.8M | $94.9M |
| Gross Margin | -0.2% | 88.7% |
| Operating Margin | — | 28.5% |
| Net Margin | -3.6% | 24.0% |
| Revenue YoY | -4.7% | 7.1% |
| Net Profit YoY | -103.2% | 3.4% |
| EPS (diluted) | — | $0.99 |
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.
| Q2 26 | — | $395.6M | ||
| Q1 26 | $360.3M | $346.7M | ||
| Q4 25 | $386.4M | $346.7M | ||
| Q3 25 | $399.0M | $307.0M | ||
| Q2 25 | $391.8M | $315.5M | ||
| Q1 25 | $378.2M | $369.6M | ||
| Q4 24 | $387.1M | $357.0M | ||
| Q3 24 | $393.3M | $304.8M |
| Q2 26 | — | $94.9M | ||
| Q1 26 | $-12.8M | $53.3M | ||
| Q4 25 | $38.3M | $53.3M | ||
| Q3 25 | $-53.3M | $49.3M | ||
| Q2 25 | $2.7M | $46.1M | ||
| Q1 25 | $-6.3M | $91.8M | ||
| Q4 24 | $199.1M | $67.8M | ||
| Q3 24 | $5.8M | $58.6M |
| Q2 26 | — | 88.7% | ||
| Q1 26 | -0.2% | 87.5% | ||
| Q4 25 | 4.5% | 87.5% | ||
| Q3 25 | 4.7% | 87.1% | ||
| Q2 25 | 11.0% | 86.1% | ||
| Q1 25 | 9.7% | 90.3% | ||
| Q4 24 | 3.8% | 88.6% | ||
| Q3 24 | 7.7% | 88.8% |
| Q2 26 | — | 28.5% | ||
| Q1 26 | — | 17.9% | ||
| Q4 25 | 1.9% | 17.9% | ||
| Q3 25 | -13.9% | 9.7% | ||
| Q2 25 | 2.5% | 15.1% | ||
| Q1 25 | -1.1% | 29.2% | ||
| Q4 24 | -4.0% | 22.4% | ||
| Q3 24 | -0.3% | 15.2% |
| Q2 26 | — | 24.0% | ||
| Q1 26 | -3.6% | 15.4% | ||
| Q4 25 | 9.9% | 15.4% | ||
| Q3 25 | -13.4% | 16.1% | ||
| Q2 25 | 0.7% | 14.6% | ||
| Q1 25 | -1.7% | 24.8% | ||
| Q4 24 | 51.4% | 19.0% | ||
| Q3 24 | 1.5% | 19.2% |
| Q2 26 | — | $0.99 | ||
| Q1 26 | — | $0.55 | ||
| Q4 25 | $2.36 | $0.55 | ||
| Q3 25 | $-3.30 | $0.50 | ||
| Q2 25 | $0.17 | $0.48 | ||
| Q1 25 | $-0.38 | $0.94 | ||
| Q4 24 | $11.87 | $0.70 | ||
| Q3 24 | $0.35 | $0.59 |
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 | $594.7M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $2.6B |
| Total Assets | $1.6B | $3.2B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $594.7M | ||
| Q1 26 | $36.5M | $644.6M | ||
| Q4 25 | $30.7M | $644.6M | ||
| Q3 25 | $34.4M | $702.6M | ||
| Q2 25 | $46.7M | $699.3M | ||
| Q1 25 | $44.0M | $626.6M | ||
| Q4 24 | $79.6M | $520.8M | ||
| Q3 24 | $35.5M | $482.0M |
| Q2 26 | — | — | ||
| 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 26 | — | $2.6B | ||
| Q1 26 | $813.8M | $2.6B | ||
| Q4 25 | $825.3M | $2.6B | ||
| Q3 25 | $783.0M | $2.6B | ||
| Q2 25 | $836.8M | $2.6B | ||
| Q1 25 | $836.6M | $2.6B | ||
| Q4 24 | $854.6M | $2.5B | ||
| Q3 24 | $664.6M | $2.5B |
| Q2 26 | — | $3.2B | ||
| Q1 26 | $1.6B | $3.2B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.6B | $3.2B | ||
| Q1 25 | $1.6B | $3.2B | ||
| Q4 24 | $1.7B | $3.2B | ||
| Q3 24 | $2.5B | $3.1B |
| Q2 26 | — | — | ||
| 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× | — |
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 | — | $147.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $147.3M | ||
| Q1 26 | — | $54.8M | ||
| Q4 25 | $5.0M | $54.8M | ||
| Q3 25 | $34.0M | $472.2M | ||
| Q2 25 | $-28.2M | $67.7M | ||
| Q1 25 | $1.5M | $174.9M | ||
| Q4 24 | $-35.1M | $106.8M | ||
| Q3 24 | $16.2M | $327.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $50.2M | ||
| Q3 25 | $15.7M | $435.9M | ||
| Q2 25 | $-51.1M | $61.3M | ||
| Q1 25 | $-31.2M | $168.0M | ||
| Q4 24 | $-68.1M | $100.0M | ||
| Q3 24 | $-30.8M | $297.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 14.5% | ||
| Q3 25 | 3.9% | 142.0% | ||
| Q2 25 | -13.0% | 19.4% | ||
| Q1 25 | -8.2% | 45.5% | ||
| Q4 24 | -17.6% | 28.0% | ||
| Q3 24 | -7.8% | 97.5% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 1.3% | ||
| Q3 25 | 4.6% | 11.8% | ||
| Q2 25 | 5.8% | 2.0% | ||
| Q1 25 | 8.6% | 1.9% | ||
| Q4 24 | 8.5% | 1.9% | ||
| Q3 24 | 12.0% | 9.8% |
| Q2 26 | — | 1.55× | ||
| Q1 26 | — | 1.03× | ||
| Q4 25 | 0.13× | 1.03× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | -10.44× | 1.47× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | -0.18× | 1.57× | ||
| Q3 24 | 2.79× | 5.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
