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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $273.0M, roughly 1.3× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -3.6%, a 9.2% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
CLW vs FOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $273.0M |
| Net Profit | $-12.8M | $15.4M |
| Gross Margin | -0.2% | 20.1% |
| Operating Margin | — | 7.6% |
| Net Margin | -3.6% | 5.6% |
| Revenue YoY | -4.7% | 9.0% |
| Net Profit YoY | -103.2% | -6.7% |
| EPS (diluted) | — | $0.30 |
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 | $273.0M | ||
| Q3 25 | $399.0M | $670.5M | ||
| Q2 25 | $391.8M | $390.5M | ||
| Q1 25 | $378.2M | $351.0M | ||
| Q4 24 | $387.1M | $250.4M | ||
| Q3 24 | $393.3M | $551.3M | ||
| Q2 24 | $344.4M | $318.4M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $15.4M | ||
| Q3 25 | $-53.3M | $86.9M | ||
| Q2 25 | $2.7M | $32.9M | ||
| Q1 25 | $-6.3M | $31.6M | ||
| Q4 24 | $199.1M | $16.5M | ||
| Q3 24 | $5.8M | $81.5M | ||
| Q2 24 | $-25.8M | $38.7M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 20.1% | ||
| Q3 25 | 4.7% | 22.3% | ||
| Q2 25 | 11.0% | 20.4% | ||
| Q1 25 | 9.7% | 22.6% | ||
| Q4 24 | 3.8% | 22.0% | ||
| Q3 24 | 7.7% | 23.9% | ||
| Q2 24 | -0.6% | 22.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 7.6% | ||
| Q3 25 | -13.9% | 16.9% | ||
| Q2 25 | 2.5% | 11.2% | ||
| Q1 25 | -1.1% | 11.6% | ||
| Q4 24 | -4.0% | 8.7% | ||
| Q3 24 | -0.3% | 19.7% | ||
| Q2 24 | -13.6% | 16.2% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 5.6% | ||
| Q3 25 | -13.4% | 13.0% | ||
| Q2 25 | 0.7% | 8.4% | ||
| Q1 25 | -1.7% | 9.0% | ||
| Q4 24 | 51.4% | 6.6% | ||
| Q3 24 | 1.5% | 14.8% | ||
| Q2 24 | -7.5% | 12.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.30 | ||
| Q3 25 | $-3.30 | $1.70 | ||
| Q2 25 | $0.17 | $0.65 | ||
| Q1 25 | $-0.38 | $0.62 | ||
| Q4 24 | $11.87 | $0.32 | ||
| Q3 24 | $0.35 | $1.59 | ||
| Q2 24 | $-1.55 | $0.76 |
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 | $211.7M |
| Total DebtLower is stronger | $361.1M | $793.2M |
| Stockholders' EquityBook value | $813.8M | $1.8B |
| Total Assets | $1.6B | $3.2B |
| Debt / EquityLower = less leverage | 0.44× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $211.7M | ||
| Q3 25 | $34.4M | $379.2M | ||
| Q2 25 | $46.7M | $189.2M | ||
| Q1 25 | $44.0M | $174.3M | ||
| Q4 24 | $79.6M | $132.0M | ||
| Q3 24 | $35.5M | $481.2M | ||
| Q2 24 | $39.6M | $359.2M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $793.2M | ||
| Q3 25 | $337.0M | $802.7M | ||
| Q2 25 | $330.1M | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | $283.4M | $806.8M | ||
| Q3 24 | $1.2B | $706.4M | ||
| Q2 24 | $1.1B | $706.1M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $1.8B | ||
| Q3 25 | $783.0M | $1.8B | ||
| Q2 25 | $836.8M | $1.7B | ||
| Q1 25 | $836.6M | $1.6B | ||
| Q4 24 | $854.6M | $1.6B | ||
| Q3 24 | $664.6M | $1.6B | ||
| Q2 24 | $658.6M | $1.5B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.6B | $3.1B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $2.5B | $2.8B | ||
| Q2 24 | $2.5B | $2.7B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.44× | ||
| Q3 25 | 0.43× | 0.45× | ||
| Q2 25 | 0.39× | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 0.33× | 0.50× | ||
| Q3 24 | 1.73× | 0.44× | ||
| Q2 24 | 1.74× | 0.47× |
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 | — | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $-157.0M | ||
| Q3 25 | $34.0M | $256.3M | ||
| Q2 25 | $-28.2M | $15.8M | ||
| Q1 25 | $1.5M | $-19.8M | ||
| Q4 24 | $-35.1M | $-450.0M | ||
| Q3 24 | $16.2M | $119.2M | ||
| Q2 24 | $21.1M | $-61.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-157.1M | ||
| Q3 25 | $15.7M | $255.6M | ||
| Q2 25 | $-51.1M | $15.0M | ||
| Q1 25 | $-31.2M | $-20.5M | ||
| Q4 24 | $-68.1M | — | ||
| Q3 24 | $-30.8M | $118.4M | ||
| Q2 24 | $3.0M | $-62.3M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -57.5% | ||
| Q3 25 | 3.9% | 38.1% | ||
| Q2 25 | -13.0% | 3.8% | ||
| Q1 25 | -8.2% | -5.8% | ||
| Q4 24 | -17.6% | — | ||
| Q3 24 | -7.8% | 21.5% | ||
| Q2 24 | 0.9% | -19.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.0% | ||
| Q3 25 | 4.6% | 0.1% | ||
| Q2 25 | 5.8% | 0.2% | ||
| Q1 25 | 8.6% | 0.2% | ||
| Q4 24 | 8.5% | 0.0% | ||
| Q3 24 | 12.0% | 0.1% | ||
| Q2 24 | 5.3% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | -10.44× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | -0.18× | -27.27× | ||
| Q3 24 | 2.79× | 1.46× | ||
| Q2 24 | — | -1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
