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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $360.3M, roughly 1.3× Clearwater Paper Corp). Essex Property Trust runs the higher net margin — 17.9% vs -3.6%, a 21.4% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -4.7%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% 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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
CLW vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $479.6M |
| Net Profit | $-12.8M | $85.7M |
| Gross Margin | -0.2% | 70.0% |
| Operating Margin | — | 31.7% |
| Net Margin | -3.6% | 17.9% |
| Revenue YoY | -4.7% | 5.5% |
| Net Profit YoY | -103.2% | -71.6% |
| EPS (diluted) | — | $1.24 |
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 | $479.6M | ||
| Q3 25 | $399.0M | $473.3M | ||
| Q2 25 | $391.8M | $469.8M | ||
| Q1 25 | $378.2M | $464.6M | ||
| Q4 24 | $387.1M | $454.5M | ||
| Q3 24 | $393.3M | $450.7M | ||
| Q2 24 | $344.4M | $442.4M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $85.7M | ||
| Q3 25 | $-53.3M | $172.7M | ||
| Q2 25 | $2.7M | $231.5M | ||
| Q1 25 | $-6.3M | $212.8M | ||
| Q4 24 | $199.1M | $301.7M | ||
| Q3 24 | $5.8M | $125.5M | ||
| Q2 24 | $-25.8M | $99.0M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 70.0% | ||
| Q3 25 | 4.7% | 69.2% | ||
| Q2 25 | 11.0% | 70.7% | ||
| Q1 25 | 9.7% | 69.6% | ||
| Q4 24 | 3.8% | 70.0% | ||
| Q3 24 | 7.7% | 69.5% | ||
| Q2 24 | -0.6% | 70.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 31.7% | ||
| Q3 25 | -13.9% | 44.5% | ||
| Q2 25 | 2.5% | 59.5% | ||
| Q1 25 | -1.1% | 55.3% | ||
| Q4 24 | -4.0% | 67.0% | ||
| Q3 24 | -0.3% | 28.6% | ||
| Q2 24 | -13.6% | 31.1% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 17.9% | ||
| Q3 25 | -13.4% | 36.5% | ||
| Q2 25 | 0.7% | 49.3% | ||
| Q1 25 | -1.7% | 45.8% | ||
| Q4 24 | 51.4% | 66.4% | ||
| Q3 24 | 1.5% | 27.8% | ||
| Q2 24 | -7.5% | 22.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $1.24 | ||
| Q3 25 | $-3.30 | $2.56 | ||
| Q2 25 | $0.17 | $3.44 | ||
| Q1 25 | $-0.38 | $3.16 | ||
| Q4 24 | $11.87 | $4.00 | ||
| Q3 24 | $0.35 | $1.84 | ||
| Q2 24 | $-1.55 | $1.45 |
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 | $76.2M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $5.5B |
| Total Assets | $1.6B | $13.2B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $76.2M | ||
| Q3 25 | $34.4M | $66.0M | ||
| Q2 25 | $46.7M | $58.7M | ||
| Q1 25 | $44.0M | $98.7M | ||
| Q4 24 | $79.6M | $66.8M | ||
| Q3 24 | $35.5M | $71.3M | ||
| Q2 24 | $39.6M | $55.2M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | $6.4B | ||
| Q2 25 | $330.1M | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $283.4M | — | ||
| Q3 24 | $1.2B | $6.4B | ||
| Q2 24 | $1.1B | $6.2B |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $5.5B | ||
| Q3 25 | $783.0M | $5.6B | ||
| Q2 25 | $836.8M | $5.6B | ||
| Q1 25 | $836.6M | $5.6B | ||
| Q4 24 | $854.6M | $5.5B | ||
| Q3 24 | $664.6M | $5.4B | ||
| Q2 24 | $658.6M | $5.5B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $13.2B | ||
| Q3 25 | $1.6B | $13.2B | ||
| Q2 25 | $1.6B | $13.2B | ||
| Q1 25 | $1.6B | $13.2B | ||
| Q4 24 | $1.7B | $12.9B | ||
| Q3 24 | $2.5B | $12.6B | ||
| Q2 24 | $2.5B | $12.5B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | 1.15× | ||
| Q2 25 | 0.39× | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 1.73× | 1.18× | ||
| Q2 24 | 1.74× | 1.13× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $1.1B | ||
| Q3 25 | $34.0M | $342.6M | ||
| Q2 25 | $-28.2M | $216.1M | ||
| Q1 25 | $1.5M | $281.5M | ||
| Q4 24 | $-35.1M | $1.1B | ||
| Q3 24 | $16.2M | $316.2M | ||
| Q2 24 | $21.1M | $218.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | — | ||
| Q2 25 | $-51.1M | — | ||
| Q1 25 | $-31.2M | — | ||
| Q4 24 | $-68.1M | — | ||
| Q3 24 | $-30.8M | — | ||
| Q2 24 | $3.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -13.0% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -17.6% | — | ||
| Q3 24 | -7.8% | — | ||
| Q2 24 | 0.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 5.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | -10.44× | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | -0.18× | 3.54× | ||
| Q3 24 | 2.79× | 2.52× | ||
| Q2 24 | — | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
