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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -3.6%, a 42.2% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -4.7%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% 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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

CLW vs FRT — Head-to-Head

Bigger by revenue
CLW
CLW
1.1× larger
CLW
$360.3M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+13.4% gap
FRT
8.7%
-4.7%
CLW
Higher net margin
FRT
FRT
42.2% more per $
FRT
38.6%
-3.6%
CLW
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLW
CLW
FRT
FRT
Revenue
$360.3M
$336.0M
Net Profit
$-12.8M
$129.7M
Gross Margin
-0.2%
Operating Margin
53.8%
Net Margin
-3.6%
38.6%
Revenue YoY
-4.7%
8.7%
Net Profit YoY
-103.2%
103.5%
EPS (diluted)
$1.49

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
FRT
FRT
Q1 26
$360.3M
$336.0M
Q4 25
$386.4M
$336.0M
Q3 25
$399.0M
$322.3M
Q2 25
$391.8M
$311.5M
Q1 25
$378.2M
$309.2M
Q4 24
$387.1M
$311.4M
Q3 24
$393.3M
$303.6M
Q2 24
$344.4M
$296.1M
Net Profit
CLW
CLW
FRT
FRT
Q1 26
$-12.8M
$129.7M
Q4 25
$38.3M
$129.7M
Q3 25
$-53.3M
$61.6M
Q2 25
$2.7M
$155.9M
Q1 25
$-6.3M
$63.8M
Q4 24
$199.1M
$65.5M
Q3 24
$5.8M
$61.0M
Q2 24
$-25.8M
$112.0M
Gross Margin
CLW
CLW
FRT
FRT
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%
Operating Margin
CLW
CLW
FRT
FRT
Q1 26
53.8%
Q4 25
1.9%
53.8%
Q3 25
-13.9%
34.3%
Q2 25
2.5%
65.1%
Q1 25
-1.1%
35.0%
Q4 24
-4.0%
35.1%
Q3 24
-0.3%
34.9%
Q2 24
-13.6%
53.0%
Net Margin
CLW
CLW
FRT
FRT
Q1 26
-3.6%
38.6%
Q4 25
9.9%
38.6%
Q3 25
-13.4%
19.1%
Q2 25
0.7%
50.0%
Q1 25
-1.7%
20.6%
Q4 24
51.4%
21.0%
Q3 24
1.5%
20.1%
Q2 24
-7.5%
37.8%
EPS (diluted)
CLW
CLW
FRT
FRT
Q1 26
$1.49
Q4 25
$2.36
$1.49
Q3 25
$-3.30
$0.69
Q2 25
$0.17
$1.78
Q1 25
$-0.38
$0.72
Q4 24
$11.87
$0.74
Q3 24
$0.35
$0.70
Q2 24
$-1.55
$1.32

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$36.5M
$107.4M
Total DebtLower is stronger
$361.1M
$5.0B
Stockholders' EquityBook value
$813.8M
$3.2B
Total Assets
$1.6B
$9.1B
Debt / EquityLower = less leverage
0.44×
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
FRT
FRT
Q1 26
$36.5M
$107.4M
Q4 25
$30.7M
$107.4M
Q3 25
$34.4M
$111.3M
Q2 25
$46.7M
$177.0M
Q1 25
$44.0M
$109.2M
Q4 24
$79.6M
$123.4M
Q3 24
$35.5M
$97.0M
Q2 24
$39.6M
$103.2M
Total Debt
CLW
CLW
FRT
FRT
Q1 26
$361.1M
$5.0B
Q4 25
$346.8M
$5.0B
Q3 25
$337.0M
Q2 25
$330.1M
Q1 25
Q4 24
$283.4M
$4.5B
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
CLW
CLW
FRT
FRT
Q1 26
$813.8M
$3.2B
Q4 25
$825.3M
$3.2B
Q3 25
$783.0M
$3.2B
Q2 25
$836.8M
$3.2B
Q1 25
$836.6M
$3.2B
Q4 24
$854.6M
$3.2B
Q3 24
$664.6M
$3.1B
Q2 24
$658.6M
$3.0B
Total Assets
CLW
CLW
FRT
FRT
Q1 26
$1.6B
$9.1B
Q4 25
$1.6B
$9.1B
Q3 25
$1.6B
$8.9B
Q2 25
$1.6B
$8.6B
Q1 25
$1.6B
$8.6B
Q4 24
$1.7B
$8.5B
Q3 24
$2.5B
$8.5B
Q2 24
$2.5B
$8.4B
Debt / Equity
CLW
CLW
FRT
FRT
Q1 26
0.44×
1.53×
Q4 25
0.42×
1.53×
Q3 25
0.43×
Q2 25
0.39×
Q1 25
Q4 24
0.33×
1.42×
Q3 24
1.73×
Q2 24
1.74×

Financial Flow Comparison

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

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