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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Five9, Inc. (FIVN). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $300.3M, roughly 1.2× Five9, Inc.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs -4.7%). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% 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.

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

CLW vs FIVN — Head-to-Head

Bigger by revenue
CLW
CLW
1.2× larger
CLW
$360.3M
$300.3M
FIVN
Growing faster (revenue YoY)
FIVN
FIVN
+12.5% gap
FIVN
7.8%
-4.7%
CLW
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
FIVN
FIVN
Revenue
$360.3M
$300.3M
Net Profit
$-12.8M
Gross Margin
-0.2%
55.4%
Operating Margin
6.6%
Net Margin
-3.6%
Revenue YoY
-4.7%
7.8%
Net Profit YoY
-103.2%
EPS (diluted)
$0.22

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
FIVN
FIVN
Q1 26
$360.3M
Q4 25
$386.4M
$300.3M
Q3 25
$399.0M
$285.8M
Q2 25
$391.8M
$283.3M
Q1 25
$378.2M
$279.7M
Q4 24
$387.1M
$278.7M
Q3 24
$393.3M
$264.2M
Q2 24
$344.4M
$252.1M
Net Profit
CLW
CLW
FIVN
FIVN
Q1 26
$-12.8M
Q4 25
$38.3M
Q3 25
$-53.3M
$18.0M
Q2 25
$2.7M
$1.2M
Q1 25
$-6.3M
$576.0K
Q4 24
$199.1M
Q3 24
$5.8M
$-4.5M
Q2 24
$-25.8M
$-12.8M
Gross Margin
CLW
CLW
FIVN
FIVN
Q1 26
-0.2%
Q4 25
4.5%
55.4%
Q3 25
4.7%
55.0%
Q2 25
11.0%
54.9%
Q1 25
9.7%
55.0%
Q4 24
3.8%
56.0%
Q3 24
7.7%
53.8%
Q2 24
-0.6%
53.0%
Operating Margin
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
1.9%
6.6%
Q3 25
-13.9%
5.6%
Q2 25
2.5%
-0.6%
Q1 25
-1.1%
-1.9%
Q4 24
-4.0%
1.5%
Q3 24
-0.3%
-5.8%
Q2 24
-13.6%
-7.7%
Net Margin
CLW
CLW
FIVN
FIVN
Q1 26
-3.6%
Q4 25
9.9%
Q3 25
-13.4%
6.3%
Q2 25
0.7%
0.4%
Q1 25
-1.7%
0.2%
Q4 24
51.4%
Q3 24
1.5%
-1.7%
Q2 24
-7.5%
-5.1%
EPS (diluted)
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
$2.36
$0.22
Q3 25
$-3.30
$0.21
Q2 25
$0.17
$0.01
Q1 25
$-0.38
$0.01
Q4 24
$11.87
$0.16
Q3 24
$0.35
$-0.06
Q2 24
$-1.55
$-0.17

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
FIVN
FIVN
Cash + ST InvestmentsLiquidity on hand
$36.5M
$232.1M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$785.8M
Total Assets
$1.6B
$1.8B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
FIVN
FIVN
Q1 26
$36.5M
Q4 25
$30.7M
$232.1M
Q3 25
$34.4M
$193.4M
Q2 25
$46.7M
$205.5M
Q1 25
$44.0M
$370.3M
Q4 24
$79.6M
$362.5M
Q3 24
$35.5M
$291.0M
Q2 24
$39.6M
$175.7M
Total Debt
CLW
CLW
FIVN
FIVN
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
Stockholders' Equity
CLW
CLW
FIVN
FIVN
Q1 26
$813.8M
Q4 25
$825.3M
$785.8M
Q3 25
$783.0M
$775.3M
Q2 25
$836.8M
$717.4M
Q1 25
$836.6M
$664.3M
Q4 24
$854.6M
$622.2M
Q3 24
$664.6M
$565.6M
Q2 24
$658.6M
$525.9M
Total Assets
CLW
CLW
FIVN
FIVN
Q1 26
$1.6B
Q4 25
$1.6B
$1.8B
Q3 25
$1.6B
$1.8B
Q2 25
$1.6B
$1.7B
Q1 25
$1.6B
$2.1B
Q4 24
$1.7B
$2.1B
Q3 24
$2.5B
$2.0B
Q2 24
$2.5B
$1.9B
Debt / Equity
CLW
CLW
FIVN
FIVN
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
CLW
CLW
FIVN
FIVN
Operating Cash FlowLast quarter
$83.6M
Free Cash FlowOCF − Capex
$77.3M
FCF MarginFCF / Revenue
25.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$201.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
$5.0M
$83.6M
Q3 25
$34.0M
$59.2M
Q2 25
$-28.2M
$35.1M
Q1 25
$1.5M
$48.4M
Q4 24
$-35.1M
$49.8M
Q3 24
$16.2M
$41.1M
Q2 24
$21.1M
$19.9M
Free Cash Flow
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
$-9.9M
$77.3M
Q3 25
$15.7M
$48.7M
Q2 25
$-51.1M
$31.6M
Q1 25
$-31.2M
$43.7M
Q4 24
$-68.1M
$40.5M
Q3 24
$-30.8M
$26.7M
Q2 24
$3.0M
$13.1M
FCF Margin
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
-2.6%
25.8%
Q3 25
3.9%
17.0%
Q2 25
-13.0%
11.1%
Q1 25
-8.2%
15.6%
Q4 24
-17.6%
14.5%
Q3 24
-7.8%
10.1%
Q2 24
0.9%
5.2%
Capex Intensity
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
3.9%
2.1%
Q3 25
4.6%
3.7%
Q2 25
5.8%
1.2%
Q1 25
8.6%
1.7%
Q4 24
8.5%
3.3%
Q3 24
12.0%
5.4%
Q2 24
5.3%
2.7%
Cash Conversion
CLW
CLW
FIVN
FIVN
Q1 26
Q4 25
0.13×
Q3 25
3.29×
Q2 25
-10.44×
30.38×
Q1 25
84.00×
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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