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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Kiniksa Pharmaceuticals International, plc (KNSA). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $202.1M, roughly 1.8× Kiniksa Pharmaceuticals International, plc). Kiniksa Pharmaceuticals International, plc runs the higher net margin — 7.0% vs -3.6%, a 10.6% gap on every dollar of revenue. On growth, Kiniksa Pharmaceuticals International, plc posted the faster year-over-year revenue change (65.0% vs -4.7%). Over the past eight quarters, Kiniksa Pharmaceuticals International, plc's revenue compounded faster (59.1% 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.

Kiniksa Pharmaceuticals International plc is a global biopharmaceutical firm focused on discovering, developing and commercializing targeted therapies for patients with unmet medical needs, primarily in autoimmune, inflammatory and rare disease segments. It operates across major markets including North America, Europe and Asia, advancing a pipeline of clinical-stage and approved treatment candidates.

CLW vs KNSA — Head-to-Head

Bigger by revenue
CLW
CLW
1.8× larger
CLW
$360.3M
$202.1M
KNSA
Growing faster (revenue YoY)
KNSA
KNSA
+69.7% gap
KNSA
65.0%
-4.7%
CLW
Higher net margin
KNSA
KNSA
10.6% more per $
KNSA
7.0%
-3.6%
CLW
Faster 2-yr revenue CAGR
KNSA
KNSA
Annualised
KNSA
59.1%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
KNSA
KNSA
Revenue
$360.3M
$202.1M
Net Profit
$-12.8M
$14.2M
Gross Margin
-0.2%
89.6%
Operating Margin
9.8%
Net Margin
-3.6%
7.0%
Revenue YoY
-4.7%
65.0%
Net Profit YoY
-103.2%
259.8%
EPS (diluted)
$0.18

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
KNSA
KNSA
Q1 26
$360.3M
Q4 25
$386.4M
$202.1M
Q3 25
$399.0M
$180.9M
Q2 25
$391.8M
$156.8M
Q1 25
$378.2M
$137.8M
Q4 24
$387.1M
$122.5M
Q3 24
$393.3M
$112.2M
Q2 24
$344.4M
$108.6M
Net Profit
CLW
CLW
KNSA
KNSA
Q1 26
$-12.8M
Q4 25
$38.3M
$14.2M
Q3 25
$-53.3M
$18.4M
Q2 25
$2.7M
$17.8M
Q1 25
$-6.3M
$8.5M
Q4 24
$199.1M
$-8.9M
Q3 24
$5.8M
$-12.7M
Q2 24
$-25.8M
$-3.9M
Gross Margin
CLW
CLW
KNSA
KNSA
Q1 26
-0.2%
Q4 25
4.5%
89.6%
Q3 25
4.7%
88.8%
Q2 25
11.0%
88.1%
Q1 25
9.7%
87.0%
Q4 24
3.8%
85.4%
Q3 24
7.7%
82.1%
Q2 24
-0.6%
88.7%
Operating Margin
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
1.9%
9.8%
Q3 25
-13.9%
13.3%
Q2 25
2.5%
12.9%
Q1 25
-1.1%
9.6%
Q4 24
-4.0%
-15.7%
Q3 24
-0.3%
-8.6%
Q2 24
-13.6%
-0.1%
Net Margin
CLW
CLW
KNSA
KNSA
Q1 26
-3.6%
Q4 25
9.9%
7.0%
Q3 25
-13.4%
10.2%
Q2 25
0.7%
11.4%
Q1 25
-1.7%
6.2%
Q4 24
51.4%
-7.3%
Q3 24
1.5%
-11.3%
Q2 24
-7.5%
-3.6%
EPS (diluted)
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
$2.36
$0.18
Q3 25
$-3.30
$0.23
Q2 25
$0.17
$0.23
Q1 25
$-0.38
$0.11
Q4 24
$11.87
$-0.11
Q3 24
$0.35
$-0.18
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
CLW
CLW
KNSA
KNSA
Cash + ST InvestmentsLiquidity on hand
$36.5M
$414.1M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$567.6M
Total Assets
$1.6B
$763.6M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
KNSA
KNSA
Q1 26
$36.5M
Q4 25
$30.7M
$414.1M
Q3 25
$34.4M
$352.1M
Q2 25
$46.7M
$307.8M
Q1 25
$44.0M
$268.3M
Q4 24
$79.6M
$243.6M
Q3 24
$35.5M
$223.8M
Q2 24
$39.6M
$218.8M
Total Debt
CLW
CLW
KNSA
KNSA
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
KNSA
KNSA
Q1 26
$813.8M
Q4 25
$825.3M
$567.6M
Q3 25
$783.0M
$535.4M
Q2 25
$836.8M
$495.0M
Q1 25
$836.6M
$457.5M
Q4 24
$854.6M
$438.4M
Q3 24
$664.6M
$437.0M
Q2 24
$658.6M
$435.1M
Total Assets
CLW
CLW
KNSA
KNSA
Q1 26
$1.6B
Q4 25
$1.6B
$763.6M
Q3 25
$1.6B
$712.3M
Q2 25
$1.6B
$661.1M
Q1 25
$1.6B
$599.3M
Q4 24
$1.7B
$580.6M
Q3 24
$2.5B
$555.3M
Q2 24
$2.5B
$542.4M
Debt / Equity
CLW
CLW
KNSA
KNSA
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
KNSA
KNSA
Operating Cash FlowLast quarter
$53.9M
Free Cash FlowOCF − Capex
$53.3M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
3.80×
TTM Free Cash FlowTrailing 4 quarters
$136.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
$5.0M
$53.9M
Q3 25
$34.0M
$33.7M
Q2 25
$-28.2M
$28.1M
Q1 25
$1.5M
$22.3M
Q4 24
$-35.1M
$18.8M
Q3 24
$16.2M
$-2.2M
Q2 24
$21.1M
$5.2M
Free Cash Flow
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
$-9.9M
$53.3M
Q3 25
$15.7M
$33.0M
Q2 25
$-51.1M
$27.9M
Q1 25
$-31.2M
$22.2M
Q4 24
$-68.1M
$18.6M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
-2.6%
26.4%
Q3 25
3.9%
18.2%
Q2 25
-13.0%
17.8%
Q1 25
-8.2%
16.1%
Q4 24
-17.6%
15.2%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
3.9%
0.3%
Q3 25
4.6%
0.4%
Q2 25
5.8%
0.1%
Q1 25
8.6%
0.1%
Q4 24
8.5%
0.2%
Q3 24
12.0%
0.0%
Q2 24
5.3%
0.0%
Cash Conversion
CLW
CLW
KNSA
KNSA
Q1 26
Q4 25
0.13×
3.80×
Q3 25
1.83×
Q2 25
-10.44×
1.58×
Q1 25
2.61×
Q4 24
-0.18×
Q3 24
2.79×
Q2 24

Financial Flow Comparison

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

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