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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and KFORCE INC (KFRC). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $330.4M, roughly 1.1× KFORCE INC). KFORCE INC runs the higher net margin — 2.4% vs -3.6%, a 6.0% gap on every dollar of revenue. On growth, KFORCE INC posted the faster year-over-year revenue change (0.1% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -3.7%).

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.

Kforce Inc. is a professional staffing and solutions firm headquartered in the United States. It provides skilled professional placements and specialized workforce solutions primarily across technology, finance & accounting, and healthcare segments, serving a wide range of mid-sized to large enterprise clients nationwide.

CLW vs KFRC — Head-to-Head

Bigger by revenue
CLW
CLW
1.1× larger
CLW
$360.3M
$330.4M
KFRC
Growing faster (revenue YoY)
KFRC
KFRC
+4.8% gap
KFRC
0.1%
-4.7%
CLW
Higher net margin
KFRC
KFRC
6.0% more per $
KFRC
2.4%
-3.6%
CLW
Faster 2-yr revenue CAGR
CLW
CLW
Annualised
CLW
2.3%
-3.7%
KFRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLW
CLW
KFRC
KFRC
Revenue
$360.3M
$330.4M
Net Profit
$-12.8M
$7.9M
Gross Margin
-0.2%
27.3%
Operating Margin
3.6%
Net Margin
-3.6%
2.4%
Revenue YoY
-4.7%
0.1%
Net Profit YoY
-103.2%
-2.7%
EPS (diluted)
$0.46

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
KFRC
KFRC
Q1 26
$360.3M
$330.4M
Q4 25
$386.4M
$332.0M
Q3 25
$399.0M
$332.6M
Q2 25
$391.8M
$334.3M
Q1 25
$378.2M
$330.0M
Q4 24
$387.1M
$343.8M
Q3 24
$393.3M
$353.3M
Q2 24
$344.4M
$356.3M
Net Profit
CLW
CLW
KFRC
KFRC
Q1 26
$-12.8M
$7.9M
Q4 25
$38.3M
$5.2M
Q3 25
$-53.3M
$11.1M
Q2 25
$2.7M
$10.4M
Q1 25
$-6.3M
$8.1M
Q4 24
$199.1M
$11.1M
Q3 24
$5.8M
$14.2M
Q2 24
$-25.8M
$14.2M
Gross Margin
CLW
CLW
KFRC
KFRC
Q1 26
-0.2%
27.3%
Q4 25
4.5%
27.2%
Q3 25
4.7%
27.7%
Q2 25
11.0%
27.1%
Q1 25
9.7%
26.7%
Q4 24
3.8%
27.0%
Q3 24
7.7%
27.9%
Q2 24
-0.6%
27.8%
Operating Margin
CLW
CLW
KFRC
KFRC
Q1 26
3.6%
Q4 25
1.9%
2.6%
Q3 25
-13.9%
4.5%
Q2 25
2.5%
4.5%
Q1 25
-1.1%
3.5%
Q4 24
-4.0%
4.5%
Q3 24
-0.3%
5.3%
Q2 24
-13.6%
5.5%
Net Margin
CLW
CLW
KFRC
KFRC
Q1 26
-3.6%
2.4%
Q4 25
9.9%
1.6%
Q3 25
-13.4%
3.3%
Q2 25
0.7%
3.1%
Q1 25
-1.7%
2.5%
Q4 24
51.4%
3.2%
Q3 24
1.5%
4.0%
Q2 24
-7.5%
4.0%
EPS (diluted)
CLW
CLW
KFRC
KFRC
Q1 26
$0.46
Q4 25
$2.36
$0.29
Q3 25
$-3.30
$0.63
Q2 25
$0.17
$0.59
Q1 25
$-0.38
$0.45
Q4 24
$11.87
$0.60
Q3 24
$0.35
$0.75
Q2 24
$-1.55
$0.75

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
KFRC
KFRC
Cash + ST InvestmentsLiquidity on hand
$36.5M
$1.3M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$117.4M
Total Assets
$1.6B
$384.8M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
KFRC
KFRC
Q1 26
$36.5M
$1.3M
Q4 25
$30.7M
$2.1M
Q3 25
$34.4M
$1.3M
Q2 25
$46.7M
$2.5M
Q1 25
$44.0M
$444.0K
Q4 24
$79.6M
$349.0K
Q3 24
$35.5M
$127.0K
Q2 24
$39.6M
$110.0K
Total Debt
CLW
CLW
KFRC
KFRC
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
KFRC
KFRC
Q1 26
$813.8M
$117.4M
Q4 25
$825.3M
$124.6M
Q3 25
$783.0M
$132.1M
Q2 25
$836.8M
$134.4M
Q1 25
$836.6M
$138.0M
Q4 24
$854.6M
$154.6M
Q3 24
$664.6M
$167.4M
Q2 24
$658.6M
$166.6M
Total Assets
CLW
CLW
KFRC
KFRC
Q1 26
$1.6B
$384.8M
Q4 25
$1.6B
$365.6M
Q3 25
$1.6B
$374.2M
Q2 25
$1.6B
$373.6M
Q1 25
$1.6B
$368.2M
Q4 24
$1.7B
$357.8M
Q3 24
$2.5B
$369.9M
Q2 24
$2.5B
$362.7M
Debt / Equity
CLW
CLW
KFRC
KFRC
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
KFRC
KFRC
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
KFRC
KFRC
Q1 26
Q4 25
$5.0M
$19.7M
Q3 25
$34.0M
$23.3M
Q2 25
$-28.2M
$18.4M
Q1 25
$1.5M
$249.0K
Q4 24
$-35.1M
$21.8M
Q3 24
$16.2M
$31.0M
Q2 24
$21.1M
$20.9M
Free Cash Flow
CLW
CLW
KFRC
KFRC
Q1 26
$-7.4M
Q4 25
$-9.9M
$16.7M
Q3 25
$15.7M
$19.8M
Q2 25
$-51.1M
$14.2M
Q1 25
$-31.2M
$-3.9M
Q4 24
$-68.1M
$20.9M
Q3 24
$-30.8M
$27.5M
Q2 24
$3.0M
$17.8M
FCF Margin
CLW
CLW
KFRC
KFRC
Q1 26
-2.2%
Q4 25
-2.6%
5.0%
Q3 25
3.9%
6.0%
Q2 25
-13.0%
4.3%
Q1 25
-8.2%
-1.2%
Q4 24
-17.6%
6.1%
Q3 24
-7.8%
7.8%
Q2 24
0.9%
5.0%
Capex Intensity
CLW
CLW
KFRC
KFRC
Q1 26
1.0%
Q4 25
3.9%
0.9%
Q3 25
4.6%
1.1%
Q2 25
5.8%
1.2%
Q1 25
8.6%
1.3%
Q4 24
8.5%
0.3%
Q3 24
12.0%
1.0%
Q2 24
5.3%
0.9%
Cash Conversion
CLW
CLW
KFRC
KFRC
Q1 26
Q4 25
0.13×
3.82×
Q3 25
2.11×
Q2 25
-10.44×
1.76×
Q1 25
0.03×
Q4 24
-0.18×
1.97×
Q3 24
2.79×
2.18×
Q2 24
1.48×

Financial Flow Comparison

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

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