vs
Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $230.6M, roughly 1.6× Gogo Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -4.3%, a 0.8% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -4.7%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% 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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
CLW vs GOGO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $230.6M |
| Net Profit | $-12.8M | $-10.0M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 6.2% |
| Net Margin | -3.6% | -4.3% |
| Revenue YoY | -4.7% | 67.3% |
| Net Profit YoY | -103.2% | 64.6% |
| EPS (diluted) | — | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $399.0M | $223.6M | ||
| Q2 25 | $391.8M | $226.0M | ||
| Q1 25 | $378.2M | $230.3M | ||
| Q4 24 | $387.1M | $137.8M | ||
| Q3 24 | $393.3M | $100.5M | ||
| Q2 24 | $344.4M | $102.1M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-10.0M | ||
| Q3 25 | $-53.3M | $-1.9M | ||
| Q2 25 | $2.7M | $12.8M | ||
| Q1 25 | $-6.3M | $12.0M | ||
| Q4 24 | $199.1M | $-28.2M | ||
| Q3 24 | $5.8M | $10.6M | ||
| Q2 24 | $-25.8M | $839.0K |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 11.0% | 87.8% | ||
| Q1 25 | 9.7% | 87.3% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | -0.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 6.2% | ||
| Q3 25 | -13.9% | 12.9% | ||
| Q2 25 | 2.5% | 15.9% | ||
| Q1 25 | -1.1% | 15.3% | ||
| Q4 24 | -4.0% | -17.5% | ||
| Q3 24 | -0.3% | 19.0% | ||
| Q2 24 | -13.6% | 21.2% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -4.3% | ||
| Q3 25 | -13.4% | -0.9% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | -1.7% | 5.2% | ||
| Q4 24 | 51.4% | -20.5% | ||
| Q3 24 | 1.5% | 10.6% | ||
| Q2 24 | -7.5% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.08 | ||
| Q3 25 | $-3.30 | $-0.01 | ||
| Q2 25 | $0.17 | $0.09 | ||
| Q1 25 | $-0.38 | $0.09 | ||
| Q4 24 | $11.87 | $-0.22 | ||
| Q3 24 | $0.35 | $0.08 | ||
| Q2 24 | $-1.55 | $0.01 |
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 | $125.2M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $101.1M |
| Total Assets | $1.6B | $1.3B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $125.2M | ||
| Q3 25 | $34.4M | $133.6M | ||
| Q2 25 | $46.7M | $102.1M | ||
| Q1 25 | $44.0M | $70.3M | ||
| Q4 24 | $79.6M | $41.8M | ||
| Q3 24 | $35.5M | $176.7M | ||
| Q2 24 | $39.6M | $161.6M |
| 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 | $101.1M | ||
| Q3 25 | $783.0M | $107.0M | ||
| Q2 25 | $836.8M | $102.8M | ||
| Q1 25 | $836.6M | $82.9M | ||
| Q4 24 | $854.6M | $69.3M | ||
| Q3 24 | $664.6M | $52.7M | ||
| Q2 24 | $658.6M | $52.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $2.5B | $810.7M | ||
| Q2 24 | $2.5B | $802.7M |
| 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 | — | $8.5M |
| Free Cash FlowOCF − Capex | — | $-25.4M |
| FCF MarginFCF / Revenue | — | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $8.5M | ||
| Q3 25 | $34.0M | $46.8M | ||
| Q2 25 | $-28.2M | $36.7M | ||
| Q1 25 | $1.5M | $32.5M | ||
| Q4 24 | $-35.1M | $-38.3M | ||
| Q3 24 | $16.2M | $25.1M | ||
| Q2 24 | $21.1M | $24.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-25.4M | ||
| Q3 25 | $15.7M | $27.3M | ||
| Q2 25 | $-51.1M | $33.5M | ||
| Q1 25 | $-31.2M | $29.7M | ||
| Q4 24 | $-68.1M | $-42.6M | ||
| Q3 24 | $-30.8M | $20.7M | ||
| Q2 24 | $3.0M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -11.0% | ||
| Q3 25 | 3.9% | 12.2% | ||
| Q2 25 | -13.0% | 14.8% | ||
| Q1 25 | -8.2% | 12.9% | ||
| Q4 24 | -17.6% | -30.9% | ||
| Q3 24 | -7.8% | 20.6% | ||
| Q2 24 | 0.9% | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 14.7% | ||
| Q3 25 | 4.6% | 8.7% | ||
| Q2 25 | 5.8% | 1.4% | ||
| Q1 25 | 8.6% | 1.2% | ||
| Q4 24 | 8.5% | 3.1% | ||
| Q3 24 | 12.0% | 4.4% | ||
| Q2 24 | 5.3% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | 2.36× | ||
| Q2 24 | — | 29.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
