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

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $181.3M, roughly 2.0× EPR PROPERTIES). EPR PROPERTIES runs the higher net margin — 34.5% vs -3.6%, a 38.1% gap on every dollar of revenue. On growth, EPR PROPERTIES posted the faster year-over-year revenue change (3.6% vs -4.7%). Over the past eight quarters, EPR PROPERTIES's revenue compounded faster (2.3% 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.

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.

CLW vs EPR — Head-to-Head

Bigger by revenue
CLW
CLW
2.0× larger
CLW
$360.3M
$181.3M
EPR
Growing faster (revenue YoY)
EPR
EPR
+8.3% gap
EPR
3.6%
-4.7%
CLW
Higher net margin
EPR
EPR
38.1% more per $
EPR
34.5%
-3.6%
CLW
Faster 2-yr revenue CAGR
EPR
EPR
Annualised
EPR
2.3%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLW
CLW
EPR
EPR
Revenue
$360.3M
$181.3M
Net Profit
$-12.8M
$62.6M
Gross Margin
-0.2%
Operating Margin
55.5%
Net Margin
-3.6%
34.5%
Revenue YoY
-4.7%
3.6%
Net Profit YoY
-103.2%
845.8%
EPS (diluted)
$0.74

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
EPR
EPR
Q1 26
$360.3M
$181.3M
Q4 25
$386.4M
$182.9M
Q3 25
$399.0M
$182.3M
Q2 25
$391.8M
$178.1M
Q1 25
$378.2M
$175.0M
Q4 24
$387.1M
$177.2M
Q3 24
$393.3M
$180.5M
Q2 24
$344.4M
$173.1M
Net Profit
CLW
CLW
EPR
EPR
Q1 26
$-12.8M
$62.6M
Q4 25
$38.3M
$66.9M
Q3 25
$-53.3M
$66.6M
Q2 25
$2.7M
$75.6M
Q1 25
$-6.3M
$65.8M
Q4 24
$199.1M
$-8.4M
Q3 24
$5.8M
$46.6M
Q2 24
$-25.8M
$45.1M
Gross Margin
CLW
CLW
EPR
EPR
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
EPR
EPR
Q1 26
55.5%
Q4 25
1.9%
56.8%
Q3 25
-13.9%
53.5%
Q2 25
2.5%
62.5%
Q1 25
-1.1%
58.1%
Q4 24
-4.0%
25.5%
Q3 24
-0.3%
51.4%
Q2 24
-13.6%
45.9%
Net Margin
CLW
CLW
EPR
EPR
Q1 26
-3.6%
34.5%
Q4 25
9.9%
36.6%
Q3 25
-13.4%
36.5%
Q2 25
0.7%
42.5%
Q1 25
-1.7%
37.6%
Q4 24
51.4%
-4.7%
Q3 24
1.5%
25.8%
Q2 24
-7.5%
26.1%
EPS (diluted)
CLW
CLW
EPR
EPR
Q1 26
$0.74
Q4 25
$2.36
$0.80
Q3 25
$-3.30
$0.79
Q2 25
$0.17
$0.91
Q1 25
$-0.38
$0.78
Q4 24
$11.87
$-0.19
Q3 24
$0.35
$0.53
Q2 24
$-1.55
$0.51

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
EPR
EPR
Cash + ST InvestmentsLiquidity on hand
$36.5M
$68.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$2.3B
Total Assets
$1.6B
$5.7B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
EPR
EPR
Q1 26
$36.5M
$68.5M
Q4 25
$30.7M
$90.6M
Q3 25
$34.4M
$13.7M
Q2 25
$46.7M
$13.0M
Q1 25
$44.0M
$20.6M
Q4 24
$79.6M
$22.1M
Q3 24
$35.5M
$35.3M
Q2 24
$39.6M
$33.7M
Total Debt
CLW
CLW
EPR
EPR
Q1 26
$361.1M
Q4 25
$346.8M
$2.9B
Q3 25
$337.0M
$2.8B
Q2 25
$330.1M
$2.8B
Q1 25
$2.8B
Q4 24
$283.4M
$2.9B
Q3 24
$1.2B
$2.9B
Q2 24
$1.1B
$2.8B
Stockholders' Equity
CLW
CLW
EPR
EPR
Q1 26
$813.8M
$2.3B
Q4 25
$825.3M
$2.3B
Q3 25
$783.0M
$2.3B
Q2 25
$836.8M
$2.3B
Q1 25
$836.6M
$2.3B
Q4 24
$854.6M
$2.3B
Q3 24
$664.6M
$2.4B
Q2 24
$658.6M
$2.4B
Total Assets
CLW
CLW
EPR
EPR
Q1 26
$1.6B
$5.7B
Q4 25
$1.6B
$5.7B
Q3 25
$1.6B
$5.5B
Q2 25
$1.6B
$5.6B
Q1 25
$1.6B
$5.5B
Q4 24
$1.7B
$5.6B
Q3 24
$2.5B
$5.7B
Q2 24
$2.5B
$5.6B
Debt / Equity
CLW
CLW
EPR
EPR
Q1 26
0.44×
Q4 25
0.42×
1.26×
Q3 25
0.43×
1.19×
Q2 25
0.39×
1.20×
Q1 25
1.20×
Q4 24
0.33×
1.23×
Q3 24
1.73×
1.19×
Q2 24
1.74×
1.16×

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
EPR
EPR
Operating Cash FlowLast quarter
$113.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
EPR
EPR
Q1 26
$113.4M
Q4 25
$5.0M
$421.0M
Q3 25
$34.0M
$136.5M
Q2 25
$-28.2M
$87.3M
Q1 25
$1.5M
$99.4M
Q4 24
$-35.1M
$393.1M
Q3 24
$16.2M
$122.0M
Q2 24
$21.1M
$78.7M
Free Cash Flow
CLW
CLW
EPR
EPR
Q1 26
Q4 25
$-9.9M
$269.2M
Q3 25
$15.7M
$132.1M
Q2 25
$-51.1M
$82.4M
Q1 25
$-31.2M
$84.7M
Q4 24
$-68.1M
$129.2M
Q3 24
$-30.8M
$121.5M
Q2 24
$3.0M
$71.3M
FCF Margin
CLW
CLW
EPR
EPR
Q1 26
Q4 25
-2.6%
147.1%
Q3 25
3.9%
72.5%
Q2 25
-13.0%
46.3%
Q1 25
-8.2%
48.4%
Q4 24
-17.6%
72.9%
Q3 24
-7.8%
67.3%
Q2 24
0.9%
41.2%
Capex Intensity
CLW
CLW
EPR
EPR
Q1 26
0.1%
Q4 25
3.9%
82.9%
Q3 25
4.6%
2.4%
Q2 25
5.8%
2.7%
Q1 25
8.6%
8.4%
Q4 24
8.5%
148.9%
Q3 24
12.0%
0.3%
Q2 24
5.3%
4.2%
Cash Conversion
CLW
CLW
EPR
EPR
Q1 26
1.81×
Q4 25
0.13×
6.29×
Q3 25
2.05×
Q2 25
-10.44×
1.15×
Q1 25
1.51×
Q4 24
-0.18×
Q3 24
2.79×
2.62×
Q2 24
1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

EPR
EPR

Rental revenue$155.2M86%
Mortgage and other financing income$16.0M9%
Other$10.1M6%

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