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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Huron Consulting Group Inc. (HURN). Click either name above to swap in a different company.

Huron Consulting Group Inc. is the larger business by last-quarter revenue ($442.0M vs $360.3M, roughly 1.2× Clearwater Paper Corp). Huron Consulting Group Inc. runs the higher net margin — 6.9% vs -3.6%, a 10.5% gap on every dollar of revenue. On growth, Huron Consulting Group Inc. posted the faster year-over-year revenue change (10.7% vs -4.7%). Over the past eight quarters, Huron Consulting Group Inc.'s revenue compounded faster (10.3% 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.

Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.

CLW vs HURN — Head-to-Head

Bigger by revenue
HURN
HURN
1.2× larger
HURN
$442.0M
$360.3M
CLW
Growing faster (revenue YoY)
HURN
HURN
+15.4% gap
HURN
10.7%
-4.7%
CLW
Higher net margin
HURN
HURN
10.5% more per $
HURN
6.9%
-3.6%
CLW
Faster 2-yr revenue CAGR
HURN
HURN
Annualised
HURN
10.3%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
HURN
HURN
Revenue
$360.3M
$442.0M
Net Profit
$-12.8M
$30.7M
Gross Margin
-0.2%
Operating Margin
11.4%
Net Margin
-3.6%
6.9%
Revenue YoY
-4.7%
10.7%
Net Profit YoY
-103.2%
-9.8%
EPS (diluted)
$1.71

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
HURN
HURN
Q1 26
$360.3M
Q4 25
$386.4M
$442.0M
Q3 25
$399.0M
$441.3M
Q2 25
$391.8M
$411.8M
Q1 25
$378.2M
$404.1M
Q4 24
$387.1M
$399.3M
Q3 24
$393.3M
$378.1M
Q2 24
$344.4M
$381.0M
Net Profit
CLW
CLW
HURN
HURN
Q1 26
$-12.8M
Q4 25
$38.3M
$30.7M
Q3 25
$-53.3M
$30.4M
Q2 25
$2.7M
$19.4M
Q1 25
$-6.3M
$24.5M
Q4 24
$199.1M
$34.0M
Q3 24
$5.8M
$27.1M
Q2 24
$-25.8M
$37.5M
Gross Margin
CLW
CLW
HURN
HURN
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
HURN
HURN
Q1 26
Q4 25
1.9%
11.4%
Q3 25
-13.9%
11.3%
Q2 25
2.5%
11.1%
Q1 25
-1.1%
8.1%
Q4 24
-4.0%
11.8%
Q3 24
-0.3%
11.2%
Q2 24
-13.6%
15.6%
Net Margin
CLW
CLW
HURN
HURN
Q1 26
-3.6%
Q4 25
9.9%
6.9%
Q3 25
-13.4%
6.9%
Q2 25
0.7%
4.7%
Q1 25
-1.7%
6.1%
Q4 24
51.4%
8.5%
Q3 24
1.5%
7.2%
Q2 24
-7.5%
9.8%
EPS (diluted)
CLW
CLW
HURN
HURN
Q1 26
Q4 25
$2.36
$1.71
Q3 25
$-3.30
$1.71
Q2 25
$0.17
$1.09
Q1 25
$-0.38
$1.33
Q4 24
$11.87
$1.82
Q3 24
$0.35
$1.47
Q2 24
$-1.55
$2.03

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
HURN
HURN
Cash + ST InvestmentsLiquidity on hand
$36.5M
$24.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$528.6M
Total Assets
$1.6B
$1.5B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
HURN
HURN
Q1 26
$36.5M
Q4 25
$30.7M
$24.5M
Q3 25
$34.4M
$23.9M
Q2 25
$46.7M
$61.0M
Q1 25
$44.0M
$23.4M
Q4 24
$79.6M
$21.9M
Q3 24
$35.5M
$18.5M
Q2 24
$39.6M
$17.6M
Total Debt
CLW
CLW
HURN
HURN
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
Stockholders' Equity
CLW
CLW
HURN
HURN
Q1 26
$813.8M
Q4 25
$825.3M
$528.6M
Q3 25
$783.0M
$499.8M
Q2 25
$836.8M
$475.0M
Q1 25
$836.6M
$494.3M
Q4 24
$854.6M
$561.3M
Q3 24
$664.6M
$522.8M
Q2 24
$658.6M
$500.6M
Total Assets
CLW
CLW
HURN
HURN
Q1 26
$1.6B
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.5B
Q2 25
$1.6B
$1.5B
Q1 25
$1.6B
$1.4B
Q4 24
$1.7B
$1.3B
Q3 24
$2.5B
$1.3B
Q2 24
$2.5B
$1.3B
Debt / Equity
CLW
CLW
HURN
HURN
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
CLW
CLW
HURN
HURN
Operating Cash FlowLast quarter
$126.4M
Free Cash FlowOCF − Capex
$123.8M
FCF MarginFCF / Revenue
28.0%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$183.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
HURN
HURN
Q1 26
Q4 25
$5.0M
$126.4M
Q3 25
$34.0M
$93.8M
Q2 25
$-28.2M
$80.0M
Q1 25
$1.5M
$-106.8M
Q4 24
$-35.1M
$139.6M
Q3 24
$16.2M
$85.2M
Q2 24
$21.1M
$107.2M
Free Cash Flow
CLW
CLW
HURN
HURN
Q1 26
Q4 25
$-9.9M
$123.8M
Q3 25
$15.7M
$89.8M
Q2 25
$-51.1M
$78.0M
Q1 25
$-31.2M
$-108.7M
Q4 24
$-68.1M
$137.0M
Q3 24
$-30.8M
$82.8M
Q2 24
$3.0M
$104.7M
FCF Margin
CLW
CLW
HURN
HURN
Q1 26
Q4 25
-2.6%
28.0%
Q3 25
3.9%
20.3%
Q2 25
-13.0%
18.9%
Q1 25
-8.2%
-26.9%
Q4 24
-17.6%
34.3%
Q3 24
-7.8%
21.9%
Q2 24
0.9%
27.5%
Capex Intensity
CLW
CLW
HURN
HURN
Q1 26
Q4 25
3.9%
0.6%
Q3 25
4.6%
0.9%
Q2 25
5.8%
0.5%
Q1 25
8.6%
0.5%
Q4 24
8.5%
0.7%
Q3 24
12.0%
0.6%
Q2 24
5.3%
0.6%
Cash Conversion
CLW
CLW
HURN
HURN
Q1 26
Q4 25
0.13×
4.12×
Q3 25
3.08×
Q2 25
-10.44×
4.12×
Q1 25
-4.35×
Q4 24
-0.18×
4.11×
Q3 24
2.79×
3.14×
Q2 24
2.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

HURN
HURN

Consulting And Managed Services Capability$172.9M39%
Education$118.7M27%
Commercial$91.9M21%
Digital Capability$54.6M12%

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