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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Essent Group Ltd. (ESNT). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $312.4M, roughly 1.2× Essent Group Ltd.). Essent Group Ltd. runs the higher net margin — 49.6% vs -3.6%, a 53.2% gap on every dollar of revenue. On growth, Essent Group Ltd. posted the faster year-over-year revenue change (-0.8% vs -4.7%). Over the past eight quarters, Essent Group Ltd.'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.
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
CLW vs ESNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $312.4M |
| Net Profit | $-12.8M | $155.0M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 59.1% |
| Net Margin | -3.6% | 49.6% |
| Revenue YoY | -4.7% | -0.8% |
| Net Profit YoY | -103.2% | -7.7% |
| EPS (diluted) | — | $1.61 |
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 | $312.4M | ||
| Q3 25 | $399.0M | $311.8M | ||
| Q2 25 | $391.8M | $319.1M | ||
| Q1 25 | $378.2M | $317.6M | ||
| Q4 24 | $387.1M | $315.0M | ||
| Q3 24 | $393.3M | $316.6M | ||
| Q2 24 | $344.4M | $312.9M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $155.0M | ||
| Q3 25 | $-53.3M | $164.2M | ||
| Q2 25 | $2.7M | $195.3M | ||
| Q1 25 | $-6.3M | $175.4M | ||
| Q4 24 | $199.1M | $167.9M | ||
| Q3 24 | $5.8M | $176.2M | ||
| Q2 24 | $-25.8M | $203.6M |
| 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% | 59.1% | ||
| Q3 25 | -13.9% | 63.9% | ||
| Q2 25 | 2.5% | 72.4% | ||
| Q1 25 | -1.1% | 65.2% | ||
| Q4 24 | -4.0% | 61.9% | ||
| Q3 24 | -0.3% | 65.6% | ||
| Q2 24 | -13.6% | 76.4% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 49.6% | ||
| Q3 25 | -13.4% | 52.7% | ||
| Q2 25 | 0.7% | 61.2% | ||
| Q1 25 | -1.7% | 55.2% | ||
| Q4 24 | 51.4% | 53.3% | ||
| Q3 24 | 1.5% | 55.6% | ||
| Q2 24 | -7.5% | 65.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $1.61 | ||
| Q3 25 | $-3.30 | $1.67 | ||
| Q2 25 | $0.17 | $1.93 | ||
| Q1 25 | $-0.38 | $1.69 | ||
| Q4 24 | $11.87 | $1.59 | ||
| Q3 24 | $0.35 | $1.65 | ||
| Q2 24 | $-1.55 | $1.91 |
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 | $5.8B |
| Total Assets | $1.6B | $7.4B |
| 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 | — | ||
| Q4 25 | $825.3M | $5.8B | ||
| Q3 25 | $783.0M | $5.7B | ||
| Q2 25 | $836.8M | $5.7B | ||
| Q1 25 | $836.6M | $5.7B | ||
| Q4 24 | $854.6M | $5.6B | ||
| Q3 24 | $664.6M | $5.6B | ||
| Q2 24 | $658.6M | $5.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $7.4B | ||
| Q3 25 | $1.6B | $7.4B | ||
| Q2 25 | $1.6B | $7.2B | ||
| Q1 25 | $1.6B | $7.2B | ||
| Q4 24 | $1.7B | $7.1B | ||
| Q3 24 | $2.5B | $7.1B | ||
| Q2 24 | $2.5B | $6.7B |
| 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 | — | $856.1M |
| Free Cash FlowOCF − Capex | — | $848.7M |
| FCF MarginFCF / Revenue | — | 271.7% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 5.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $856.1M | ||
| Q3 25 | $34.0M | $215.9M | ||
| Q2 25 | $-28.2M | $189.5M | ||
| Q1 25 | $1.5M | $221.6M | ||
| Q4 24 | $-35.1M | $861.5M | ||
| Q3 24 | $16.2M | $229.2M | ||
| Q2 24 | $21.1M | $188.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $848.7M | ||
| Q3 25 | $15.7M | $210.6M | ||
| Q2 25 | $-51.1M | $188.8M | ||
| Q1 25 | $-31.2M | $221.3M | ||
| Q4 24 | $-68.1M | $854.8M | ||
| Q3 24 | $-30.8M | $228.7M | ||
| Q2 24 | $3.0M | $187.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 271.7% | ||
| Q3 25 | 3.9% | 67.5% | ||
| Q2 25 | -13.0% | 59.2% | ||
| Q1 25 | -8.2% | 69.7% | ||
| Q4 24 | -17.6% | 271.3% | ||
| Q3 24 | -7.8% | 72.2% | ||
| Q2 24 | 0.9% | 60.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 2.4% | ||
| Q3 25 | 4.6% | 1.7% | ||
| Q2 25 | 5.8% | 0.2% | ||
| Q1 25 | 8.6% | 0.1% | ||
| Q4 24 | 8.5% | 2.1% | ||
| Q3 24 | 12.0% | 0.2% | ||
| Q2 24 | 5.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 5.52× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | -10.44× | 0.97× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | -0.18× | 5.13× | ||
| Q3 24 | 2.79× | 1.30× | ||
| 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.
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
