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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $360.3M, roughly 1.3× Clearwater Paper Corp). Clearwater Paper Corp runs the higher net margin — -3.6% vs -7.3%, a 3.8% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -17.9%).
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.
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
CLW vs GOLF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $477.2M |
| Net Profit | $-12.8M | $-34.9M |
| Gross Margin | -0.2% | 44.1% |
| Operating Margin | — | -3.8% |
| Net Margin | -3.6% | -7.3% |
| Revenue YoY | -4.7% | 7.2% |
| Net Profit YoY | -103.2% | -3027.3% |
| EPS (diluted) | — | $-0.57 |
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 | $477.2M | ||
| Q3 25 | $399.0M | $657.7M | ||
| Q2 25 | $391.8M | $720.5M | ||
| Q1 25 | $378.2M | $703.4M | ||
| Q4 24 | $387.1M | $445.2M | ||
| Q3 24 | $393.3M | $620.5M | ||
| Q2 24 | $344.4M | $683.9M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-34.9M | ||
| Q3 25 | $-53.3M | $48.5M | ||
| Q2 25 | $2.7M | $75.6M | ||
| Q1 25 | $-6.3M | $99.4M | ||
| Q4 24 | $199.1M | $-1.1M | ||
| Q3 24 | $5.8M | $56.2M | ||
| Q2 24 | $-25.8M | $71.4M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 44.1% | ||
| Q3 25 | 4.7% | 48.5% | ||
| Q2 25 | 11.0% | 49.2% | ||
| Q1 25 | 9.7% | 47.9% | ||
| Q4 24 | 3.8% | 22.6% | ||
| Q3 24 | 7.7% | 54.4% | ||
| Q2 24 | -0.6% | 54.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -3.8% | ||
| Q3 25 | -13.9% | 14.1% | ||
| Q2 25 | 2.5% | 15.2% | ||
| Q1 25 | -1.1% | 16.3% | ||
| Q4 24 | -4.0% | -1.2% | ||
| Q3 24 | -0.3% | 13.2% | ||
| Q2 24 | -13.6% | 15.5% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -7.3% | ||
| Q3 25 | -13.4% | 7.4% | ||
| Q2 25 | 0.7% | 10.5% | ||
| Q1 25 | -1.7% | 14.1% | ||
| Q4 24 | 51.4% | -0.3% | ||
| Q3 24 | 1.5% | 9.1% | ||
| Q2 24 | -7.5% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.57 | ||
| Q3 25 | $-3.30 | $0.81 | ||
| Q2 25 | $0.17 | $1.25 | ||
| Q1 25 | $-0.38 | $1.62 | ||
| Q4 24 | $11.87 | $0.02 | ||
| Q3 24 | $0.35 | $0.89 | ||
| Q2 24 | $-1.55 | $1.11 |
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 | — |
| Total DebtLower is stronger | $361.1M | $926.2M |
| Stockholders' EquityBook value | $813.8M | $783.6M |
| Total Assets | $1.6B | $2.3B |
| Debt / EquityLower = less leverage | 0.44× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | — | ||
| Q2 25 | $46.7M | — | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $39.6M | — |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $926.2M | ||
| Q3 25 | $337.0M | — | ||
| Q2 25 | $330.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.4M | $753.1M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $783.6M | ||
| Q3 25 | $783.0M | $852.3M | ||
| Q2 25 | $836.8M | $808.5M | ||
| Q1 25 | $836.6M | $780.3M | ||
| Q4 24 | $854.6M | $765.2M | ||
| Q3 24 | $664.6M | $863.9M | ||
| Q2 24 | $658.6M | $863.7M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $2.5B | $2.3B | ||
| Q2 24 | $2.5B | $2.3B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 1.18× | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.33× | 0.98× | ||
| 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 | — | $-338.0K |
| Free Cash FlowOCF − Capex | — | $-23.3M |
| FCF MarginFCF / Revenue | — | -4.9% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $120.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $-338.0K | ||
| Q3 25 | $34.0M | $163.1M | ||
| Q2 25 | $-28.2M | $151.9M | ||
| Q1 25 | $1.5M | $-120.3M | ||
| Q4 24 | $-35.1M | $-1.1M | ||
| Q3 24 | $16.2M | $144.1M | ||
| Q2 24 | $21.1M | $211.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-23.3M | ||
| Q3 25 | $15.7M | $136.9M | ||
| Q2 25 | $-51.1M | $138.0M | ||
| Q1 25 | $-31.2M | $-131.5M | ||
| Q4 24 | $-68.1M | $-33.2M | ||
| Q3 24 | $-30.8M | $123.7M | ||
| Q2 24 | $3.0M | $196.8M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -4.9% | ||
| Q3 25 | 3.9% | 20.8% | ||
| Q2 25 | -13.0% | 19.2% | ||
| Q1 25 | -8.2% | -18.7% | ||
| Q4 24 | -17.6% | -7.5% | ||
| Q3 24 | -7.8% | 19.9% | ||
| Q2 24 | 0.9% | 28.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 4.8% | ||
| Q3 25 | 4.6% | 4.0% | ||
| Q2 25 | 5.8% | 1.9% | ||
| Q1 25 | 8.6% | 1.6% | ||
| Q4 24 | 8.5% | 7.2% | ||
| Q3 24 | 12.0% | 3.3% | ||
| Q2 24 | 5.3% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | -10.44× | 2.01× | ||
| Q1 25 | — | -1.21× | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | 2.56× | ||
| Q2 24 | — | 2.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
