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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Hillman Solutions Corp. (HLMN). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $360.3M, roughly 1.0× Clearwater Paper Corp). Hillman Solutions Corp. runs the higher net margin — -1.3% vs -3.6%, a 2.3% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -1.2%).
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.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
CLW vs HLMN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $370.1M |
| Net Profit | $-12.8M | $-4.7M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 1.9% |
| Net Margin | -3.6% | -1.3% |
| Revenue YoY | -4.7% | 3.0% |
| Net Profit YoY | -103.2% | — |
| EPS (diluted) | — | $-0.02 |
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 | $370.1M | ||
| Q4 25 | $386.4M | $365.1M | ||
| Q3 25 | $399.0M | $424.9M | ||
| Q2 25 | $391.8M | $402.8M | ||
| Q1 25 | $378.2M | $359.3M | ||
| Q4 24 | $387.1M | $349.6M | ||
| Q3 24 | $393.3M | $393.3M | ||
| Q2 24 | $344.4M | $379.4M |
| Q1 26 | $-12.8M | $-4.7M | ||
| Q4 25 | $38.3M | $1.6M | ||
| Q3 25 | $-53.3M | $23.2M | ||
| Q2 25 | $2.7M | $15.8M | ||
| Q1 25 | $-6.3M | $-317.0K | ||
| Q4 24 | $199.1M | $-1.2M | ||
| Q3 24 | $5.8M | $7.4M | ||
| Q2 24 | $-25.8M | $12.5M |
| 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% | — |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | -13.9% | 10.8% | ||
| Q2 25 | 2.5% | 9.0% | ||
| Q1 25 | -1.1% | 4.2% | ||
| Q4 24 | -4.0% | 4.0% | ||
| Q3 24 | -0.3% | 6.8% | ||
| Q2 24 | -13.6% | 8.3% |
| Q1 26 | -3.6% | -1.3% | ||
| Q4 25 | 9.9% | 0.4% | ||
| Q3 25 | -13.4% | 5.5% | ||
| Q2 25 | 0.7% | 3.9% | ||
| Q1 25 | -1.7% | -0.1% | ||
| Q4 24 | 51.4% | -0.3% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | -7.5% | 3.3% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $2.36 | $0.00 | ||
| Q3 25 | $-3.30 | $0.12 | ||
| Q2 25 | $0.17 | $0.08 | ||
| Q1 25 | $-0.38 | $0.00 | ||
| Q4 24 | $11.87 | $-0.00 | ||
| Q3 24 | $0.35 | $0.04 | ||
| Q2 24 | $-1.55 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | $361.1M | $714.1M |
| Stockholders' EquityBook value | $813.8M | $1.2B |
| Total Assets | $1.6B | $2.4B |
| Debt / EquityLower = less leverage | 0.44× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | $27.7M | ||
| Q4 25 | $30.7M | $27.3M | ||
| Q3 25 | $34.4M | $37.7M | ||
| Q2 25 | $46.7M | $34.2M | ||
| Q1 25 | $44.0M | $36.3M | ||
| Q4 24 | $79.6M | $44.5M | ||
| Q3 24 | $35.5M | $59.8M | ||
| Q2 24 | $39.6M | $54.0M |
| Q1 26 | $361.1M | $714.1M | ||
| Q4 25 | $346.8M | $668.3M | ||
| Q3 25 | $337.0M | $683.2M | ||
| Q2 25 | $330.1M | $683.1M | ||
| Q1 25 | — | $713.5M | ||
| Q4 24 | $283.4M | $691.7M | ||
| Q3 24 | $1.2B | $730.7M | ||
| Q2 24 | $1.1B | $732.1M |
| Q1 26 | $813.8M | $1.2B | ||
| Q4 25 | $825.3M | $1.2B | ||
| Q3 25 | $783.0M | $1.2B | ||
| Q2 25 | $836.8M | $1.2B | ||
| Q1 25 | $836.6M | $1.2B | ||
| Q4 24 | $854.6M | $1.2B | ||
| Q3 24 | $664.6M | $1.2B | ||
| Q2 24 | $658.6M | $1.2B |
| Q1 26 | $1.6B | $2.4B | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $2.5B | $2.4B | ||
| Q2 24 | $2.5B | $2.4B |
| Q1 26 | 0.44× | 0.59× | ||
| Q4 25 | 0.42× | 0.54× | ||
| Q3 25 | 0.43× | 0.56× | ||
| Q2 25 | 0.39× | 0.57× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.33× | 0.59× | ||
| Q3 24 | 1.73× | 0.62× | ||
| Q2 24 | 1.74× | 0.62× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $-34.3M |
| FCF MarginFCF / Revenue | — | -9.3% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $30.9M | ||
| Q3 25 | $34.0M | $26.2M | ||
| Q2 25 | $-28.2M | $48.7M | ||
| Q1 25 | $1.5M | $-655.0K | ||
| Q4 24 | $-35.1M | $43.1M | ||
| Q3 24 | $16.2M | $63.7M | ||
| Q2 24 | $21.1M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | $-9.9M | $16.1M | ||
| Q3 25 | $15.7M | $9.1M | ||
| Q2 25 | $-51.1M | $31.2M | ||
| Q1 25 | $-31.2M | $-21.3M | ||
| Q4 24 | $-68.1M | $22.1M | ||
| Q3 24 | $-30.8M | $39.6M | ||
| Q2 24 | $3.0M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | -2.6% | 4.4% | ||
| Q3 25 | 3.9% | 2.1% | ||
| Q2 25 | -13.0% | 7.7% | ||
| Q1 25 | -8.2% | -5.9% | ||
| Q4 24 | -17.6% | 6.3% | ||
| Q3 24 | -7.8% | 10.1% | ||
| Q2 24 | 0.9% | 11.2% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 3.9% | 4.0% | ||
| Q3 25 | 4.6% | 4.0% | ||
| Q2 25 | 5.8% | 4.3% | ||
| Q1 25 | 8.6% | 5.7% | ||
| Q4 24 | 8.5% | 6.0% | ||
| Q3 24 | 12.0% | 6.1% | ||
| Q2 24 | 5.3% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 19.33× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | -10.44× | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | 8.57× | ||
| Q2 24 | — | 5.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
