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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $272.2M, roughly 1.3× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -3.6%, a 9.8% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -5.0%). 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.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
CLW vs KRC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $272.2M |
| Net Profit | $-12.8M | $17.1M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | — |
| Net Margin | -3.6% | 6.3% |
| Revenue YoY | -4.7% | -5.0% |
| Net Profit YoY | -103.2% | -73.7% |
| EPS (diluted) | — | $0.11 |
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 | $272.2M | ||
| Q3 25 | $399.0M | $279.7M | ||
| Q2 25 | $391.8M | $289.9M | ||
| Q1 25 | $378.2M | $270.8M | ||
| Q4 24 | $387.1M | $286.4M | ||
| Q3 24 | $393.3M | $289.9M | ||
| Q2 24 | $344.4M | $280.7M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $17.1M | ||
| Q3 25 | $-53.3M | $162.3M | ||
| Q2 25 | $2.7M | $79.6M | ||
| Q1 25 | $-6.3M | $43.7M | ||
| Q4 24 | $199.1M | $65.0M | ||
| Q3 24 | $5.8M | $57.7M | ||
| Q2 24 | $-25.8M | $54.5M |
| 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 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -13.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -13.6% | — |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 6.3% | ||
| Q3 25 | -13.4% | 58.0% | ||
| Q2 25 | 0.7% | 27.4% | ||
| Q1 25 | -1.7% | 16.1% | ||
| Q4 24 | 51.4% | 22.7% | ||
| Q3 24 | 1.5% | 19.9% | ||
| Q2 24 | -7.5% | 19.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.11 | ||
| Q3 25 | $-3.30 | $1.31 | ||
| Q2 25 | $0.17 | $0.57 | ||
| Q1 25 | $-0.38 | $0.33 | ||
| Q4 24 | $11.87 | $0.50 | ||
| Q3 24 | $0.35 | $0.44 | ||
| Q2 24 | $-1.55 | $0.41 |
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 | $179.3M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $5.4B |
| Total Assets | $1.6B | $10.9B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $179.3M | ||
| Q3 25 | $34.4M | $372.4M | ||
| Q2 25 | $46.7M | $193.1M | ||
| Q1 25 | $44.0M | $146.7M | ||
| Q4 24 | $79.6M | $165.7M | ||
| Q3 24 | $35.5M | $625.4M | ||
| Q2 24 | $39.6M | $835.9M |
| 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 | — |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $5.4B | ||
| Q3 25 | $783.0M | $5.5B | ||
| Q2 25 | $836.8M | $5.4B | ||
| Q1 25 | $836.6M | $5.4B | ||
| Q4 24 | $854.6M | $5.4B | ||
| Q3 24 | $664.6M | $5.4B | ||
| Q2 24 | $658.6M | $5.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $10.9B | ||
| Q3 25 | $1.6B | $11.0B | ||
| Q2 25 | $1.6B | $10.9B | ||
| Q1 25 | $1.6B | $10.9B | ||
| Q4 24 | $1.7B | $10.9B | ||
| Q3 24 | $2.5B | $11.4B | ||
| Q2 24 | $2.5B | $11.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $566.3M |
| Free Cash FlowOCF − Capex | — | $450.3M |
| FCF MarginFCF / Revenue | — | 165.4% |
| Capex IntensityCapex / Revenue | — | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $566.3M | ||
| Q3 25 | $34.0M | $176.6M | ||
| Q2 25 | $-28.2M | $143.7M | ||
| Q1 25 | $1.5M | $136.9M | ||
| Q4 24 | $-35.1M | $541.1M | ||
| Q3 24 | $16.2M | $176.3M | ||
| Q2 24 | $21.1M | $88.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $450.3M | ||
| Q3 25 | $15.7M | $148.7M | ||
| Q2 25 | $-51.1M | $118.4M | ||
| Q1 25 | $-31.2M | $115.6M | ||
| Q4 24 | $-68.1M | $440.8M | ||
| Q3 24 | $-30.8M | $147.2M | ||
| Q2 24 | $3.0M | $69.5M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 165.4% | ||
| Q3 25 | 3.9% | 53.1% | ||
| Q2 25 | -13.0% | 40.9% | ||
| Q1 25 | -8.2% | 42.7% | ||
| Q4 24 | -17.6% | 153.9% | ||
| Q3 24 | -7.8% | 50.8% | ||
| Q2 24 | 0.9% | 24.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 42.6% | ||
| Q3 25 | 4.6% | 10.0% | ||
| Q2 25 | 5.8% | 8.7% | ||
| Q1 25 | 8.6% | 7.9% | ||
| Q4 24 | 8.5% | 35.0% | ||
| Q3 24 | 12.0% | 10.1% | ||
| Q2 24 | 5.3% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | -10.44× | 1.81× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | -0.18× | 8.32× | ||
| Q3 24 | 2.79× | 3.06× | ||
| Q2 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
