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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and ENvue Medical, Inc. (FEED). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3K vs $312.0K, roughly 1.2× ENvue Medical, Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -3919.6%, a 3916.0% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -29.7%). Over the past eight quarters, ENvue Medical, Inc.'s revenue compounded faster (-41.8% CAGR vs -96.8%).

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.

ENvue Medical, Inc. is a medical technology firm specializing in advanced enteral feeding systems and related clinical support solutions. It serves healthcare providers, hospitals and long-term care facilities across North America, focusing on improving safety and efficiency of care for patients requiring enteral nutrition support.

CLW vs FEED — Head-to-Head

Bigger by revenue
CLW
CLW
1.2× larger
CLW
$360.3K
$312.0K
FEED
Growing faster (revenue YoY)
CLW
CLW
+25.0% gap
CLW
-4.7%
-29.7%
FEED
Higher net margin
CLW
CLW
3916.0% more per $
CLW
-3.6%
-3919.6%
FEED
Faster 2-yr revenue CAGR
FEED
FEED
Annualised
FEED
-41.8%
-96.8%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
FEED
FEED
Revenue
$360.3K
$312.0K
Net Profit
$-12.8K
$-12.2M
Gross Margin
-0.2%
-118.6%
Operating Margin
-4748.1%
Net Margin
-3.6%
-3919.6%
Revenue YoY
-4.7%
-29.7%
Net Profit YoY
-103.2%
-754.6%
EPS (diluted)
$-28.73

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
FEED
FEED
Q1 26
$360.3K
Q4 25
$386.4M
$312.0K
Q3 25
$399.0M
$722.0K
Q2 25
$391.8M
$494.0K
Q1 25
$378.2M
$1.0M
Q4 24
$387.1M
$444.0K
Q3 24
$393.3M
$376.0K
Q2 24
$344.4M
$817.0K
Net Profit
CLW
CLW
FEED
FEED
Q1 26
$-12.8K
Q4 25
$38.3M
$-12.2M
Q3 25
$-53.3M
$510.0K
Q2 25
$2.7M
$-4.0M
Q1 25
$-6.3M
$-2.5M
Q4 24
$199.1M
$-1.4M
Q3 24
$5.8M
$-998.0K
Q2 24
$-25.8M
$-688.0K
Gross Margin
CLW
CLW
FEED
FEED
Q1 26
-0.2%
Q4 25
4.5%
-118.6%
Q3 25
4.7%
26.2%
Q2 25
11.0%
-7.1%
Q1 25
9.7%
36.0%
Q4 24
3.8%
63.7%
Q3 24
7.7%
35.4%
Q2 24
-0.6%
52.4%
Operating Margin
CLW
CLW
FEED
FEED
Q1 26
Q4 25
1.9%
-4748.1%
Q3 25
-13.9%
-311.2%
Q2 25
2.5%
-804.9%
Q1 25
-1.1%
-180.7%
Q4 24
-4.0%
-308.6%
Q3 24
-0.3%
-258.0%
Q2 24
-13.6%
-82.5%
Net Margin
CLW
CLW
FEED
FEED
Q1 26
-3.6%
Q4 25
9.9%
-3919.6%
Q3 25
-13.4%
70.6%
Q2 25
0.7%
-803.8%
Q1 25
-1.7%
-243.4%
Q4 24
51.4%
-322.3%
Q3 24
1.5%
-265.4%
Q2 24
-7.5%
-84.2%
EPS (diluted)
CLW
CLW
FEED
FEED
Q1 26
Q4 25
$2.36
$-28.73
Q3 25
$-3.30
$-0.91
Q2 25
$0.17
$-1.03
Q1 25
$-0.38
$3.98
Q4 24
$11.87
$-108.94
Q3 24
$0.35
$-3.56
Q2 24
$-1.55
$-27.18

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
FEED
FEED
Cash + ST InvestmentsLiquidity on hand
$36.5M
$4.2M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$33.5M
Total Assets
$1.6B
$41.1M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
FEED
FEED
Q1 26
$36.5M
Q4 25
$30.7M
$4.2M
Q3 25
$34.4M
$7.0M
Q2 25
$46.7M
$4.0M
Q1 25
$44.0M
Q4 24
$79.6M
$752.0K
Q3 24
$35.5M
$1.3M
Q2 24
$39.6M
Total Debt
CLW
CLW
FEED
FEED
Q1 26
$361.1M
Q4 25
$346.8M
Q3 25
$337.0M
Q2 25
$330.1M
Q1 25
$1.3M
Q4 24
$283.4M
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
CLW
CLW
FEED
FEED
Q1 26
$813.8M
Q4 25
$825.3M
$33.5M
Q3 25
$783.0M
$42.5M
Q2 25
$836.8M
$40.5M
Q1 25
$836.6M
$35.7M
Q4 24
$854.6M
$627.0K
Q3 24
$664.6M
$1.9M
Q2 24
$658.6M
$2.8M
Total Assets
CLW
CLW
FEED
FEED
Q1 26
$1.6B
Q4 25
$1.6B
$41.1M
Q3 25
$1.6B
$54.4M
Q2 25
$1.6B
$51.5M
Q1 25
$1.6B
$44.1M
Q4 24
$1.7B
$3.6M
Q3 24
$2.5B
$4.7M
Q2 24
$2.5B
$5.7M
Debt / Equity
CLW
CLW
FEED
FEED
Q1 26
0.44×
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.39×
Q1 25
0.04×
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
CLW
CLW
FEED
FEED
Operating Cash FlowLast quarter
$-2.7M
Free Cash FlowOCF − Capex
$-2.7M
FCF MarginFCF / Revenue
-865.1%
Capex IntensityCapex / Revenue
7.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
FEED
FEED
Q1 26
Q4 25
$5.0M
$-2.7M
Q3 25
$34.0M
$-2.0M
Q2 25
$-28.2M
$-3.4M
Q1 25
$1.5M
$-1.3M
Q4 24
$-35.1M
$-548.0K
Q3 24
$16.2M
$-836.0K
Q2 24
$21.1M
$-553.0K
Free Cash Flow
CLW
CLW
FEED
FEED
Q1 26
Q4 25
$-9.9M
$-2.7M
Q3 25
$15.7M
$-2.0M
Q2 25
$-51.1M
$-3.4M
Q1 25
$-31.2M
$-1.3M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
$-555.0K
FCF Margin
CLW
CLW
FEED
FEED
Q1 26
Q4 25
-2.6%
-865.1%
Q3 25
3.9%
-276.7%
Q2 25
-13.0%
-685.6%
Q1 25
-8.2%
-131.5%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
-67.9%
Capex Intensity
CLW
CLW
FEED
FEED
Q1 26
Q4 25
3.9%
7.4%
Q3 25
4.6%
3.9%
Q2 25
5.8%
0.8%
Q1 25
8.6%
0.5%
Q4 24
8.5%
0.0%
Q3 24
12.0%
0.0%
Q2 24
5.3%
0.2%
Cash Conversion
CLW
CLW
FEED
FEED
Q1 26
Q4 25
0.13×
Q3 25
-3.86×
Q2 25
-10.44×
Q1 25
Q4 24
-0.18×
Q3 24
2.79×
Q2 24

Financial Flow Comparison

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

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