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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and GLOBAL INDUSTRIAL Co (GIC). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $345.6M, roughly 1.0× GLOBAL INDUSTRIAL Co). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs -3.6%, a 7.8% gap on every dollar of revenue. On growth, GLOBAL INDUSTRIAL Co posted the faster year-over-year revenue change (14.3% vs -4.7%). Over the past eight quarters, GLOBAL INDUSTRIAL Co's revenue compounded faster (3.4% 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.
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
CLW vs GIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $345.6M |
| Net Profit | $-12.8M | $14.6M |
| Gross Margin | -0.2% | 34.5% |
| Operating Margin | — | 5.7% |
| Net Margin | -3.6% | 4.2% |
| Revenue YoY | -4.7% | 14.3% |
| Net Profit YoY | -103.2% | 36.4% |
| EPS (diluted) | — | $0.37 |
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 | $345.6M | ||
| Q3 25 | $399.0M | $353.6M | ||
| Q2 25 | $391.8M | $358.9M | ||
| Q1 25 | $378.2M | $321.0M | ||
| Q4 24 | $387.1M | $302.3M | ||
| Q3 24 | $393.3M | $342.4M | ||
| Q2 24 | $344.4M | $347.8M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $14.6M | ||
| Q3 25 | $-53.3M | $18.8M | ||
| Q2 25 | $2.7M | $25.1M | ||
| Q1 25 | $-6.3M | $13.6M | ||
| Q4 24 | $199.1M | $10.7M | ||
| Q3 24 | $5.8M | $16.8M | ||
| Q2 24 | $-25.8M | $20.3M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 34.5% | ||
| Q3 25 | 4.7% | 35.6% | ||
| Q2 25 | 11.0% | 37.1% | ||
| Q1 25 | 9.7% | 34.9% | ||
| Q4 24 | 3.8% | 33.8% | ||
| Q3 24 | 7.7% | 34.0% | ||
| Q2 24 | -0.6% | 35.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 5.7% | ||
| Q3 25 | -13.9% | 7.4% | ||
| Q2 25 | 2.5% | 9.3% | ||
| Q1 25 | -1.1% | 5.7% | ||
| Q4 24 | -4.0% | 4.8% | ||
| Q3 24 | -0.3% | 6.5% | ||
| Q2 24 | -13.6% | 7.6% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 4.2% | ||
| Q3 25 | -13.4% | 5.3% | ||
| Q2 25 | 0.7% | 7.0% | ||
| Q1 25 | -1.7% | 4.2% | ||
| Q4 24 | 51.4% | 3.5% | ||
| Q3 24 | 1.5% | 4.9% | ||
| Q2 24 | -7.5% | 5.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.37 | ||
| Q3 25 | $-3.30 | $0.48 | ||
| Q2 25 | $0.17 | $0.65 | ||
| Q1 25 | $-0.38 | $0.35 | ||
| Q4 24 | $11.87 | $0.28 | ||
| Q3 24 | $0.35 | $0.44 | ||
| Q2 24 | $-1.55 | $0.52 |
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 | $67.5M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $313.2M |
| Total Assets | $1.6B | $580.8M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $67.5M | ||
| Q3 25 | $34.4M | $67.2M | ||
| Q2 25 | $46.7M | $55.1M | ||
| Q1 25 | $44.0M | $39.0M | ||
| Q4 24 | $79.6M | $44.6M | ||
| Q3 24 | $35.5M | $38.9M | ||
| Q2 24 | $39.6M | $38.8M |
| 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 | — |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $313.2M | ||
| Q3 25 | $783.0M | $316.0M | ||
| Q2 25 | $836.8M | $305.2M | ||
| Q1 25 | $836.6M | $287.9M | ||
| Q4 24 | $854.6M | $281.1M | ||
| Q3 24 | $664.6M | $279.2M | ||
| Q2 24 | $658.6M | $270.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $580.8M | ||
| Q3 25 | $1.6B | $602.5M | ||
| Q2 25 | $1.6B | $586.5M | ||
| Q1 25 | $1.6B | $536.7M | ||
| Q4 24 | $1.7B | $520.7M | ||
| Q3 24 | $2.5B | $531.6M | ||
| Q2 24 | $2.5B | $542.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $19.2M |
| FCF MarginFCF / Revenue | — | 5.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | $74.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $20.0M | ||
| Q3 25 | $34.0M | $22.7M | ||
| Q2 25 | $-28.2M | $31.7M | ||
| Q1 25 | $1.5M | $3.4M | ||
| Q4 24 | $-35.1M | $15.9M | ||
| Q3 24 | $16.2M | $9.6M | ||
| Q2 24 | $21.1M | $18.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $19.2M | ||
| Q3 25 | $15.7M | $22.0M | ||
| Q2 25 | $-51.1M | $30.3M | ||
| Q1 25 | $-31.2M | $3.2M | ||
| Q4 24 | $-68.1M | $15.2M | ||
| Q3 24 | $-30.8M | $8.7M | ||
| Q2 24 | $3.0M | $17.9M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 5.6% | ||
| Q3 25 | 3.9% | 6.2% | ||
| Q2 25 | -13.0% | 8.4% | ||
| Q1 25 | -8.2% | 1.0% | ||
| Q4 24 | -17.6% | 5.0% | ||
| Q3 24 | -7.8% | 2.5% | ||
| Q2 24 | 0.9% | 5.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.2% | ||
| Q3 25 | 4.6% | 0.2% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 8.6% | 0.1% | ||
| Q4 24 | 8.5% | 0.2% | ||
| Q3 24 | 12.0% | 0.3% | ||
| Q2 24 | 5.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 1.37× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | -10.44× | 1.26× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | -0.18× | 1.49× | ||
| Q3 24 | 2.79× | 0.57× | ||
| Q2 24 | — | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
