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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $360.3M, roughly 1.1× Clearwater Paper Corp). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -3.6%, a 6.6% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -4.7%). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
CLW vs LFST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $382.2M |
| Net Profit | $-12.8M | $11.7M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 4.7% |
| Net Margin | -3.6% | 3.1% |
| Revenue YoY | -4.7% | 17.4% |
| Net Profit YoY | -103.2% | 264.1% |
| EPS (diluted) | — | — |
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 | $382.2M | ||
| Q3 25 | $399.0M | $363.8M | ||
| Q2 25 | $391.8M | $345.3M | ||
| Q1 25 | $378.2M | $333.0M | ||
| Q4 24 | $387.1M | $325.5M | ||
| Q3 24 | $393.3M | $312.7M | ||
| Q2 24 | $344.4M | $312.3M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $11.7M | ||
| Q3 25 | $-53.3M | $1.1M | ||
| Q2 25 | $2.7M | $-3.8M | ||
| Q1 25 | $-6.3M | $709.0K | ||
| Q4 24 | $199.1M | $-7.1M | ||
| Q3 24 | $5.8M | $-6.0M | ||
| Q2 24 | $-25.8M | $-23.3M |
| 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% | 4.7% | ||
| Q3 25 | -13.9% | 2.0% | ||
| Q2 25 | 2.5% | -0.9% | ||
| Q1 25 | -1.1% | 0.5% | ||
| Q4 24 | -4.0% | 0.3% | ||
| Q3 24 | -0.3% | 0.0% | ||
| Q2 24 | -13.6% | -5.1% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 3.1% | ||
| Q3 25 | -13.4% | 0.3% | ||
| Q2 25 | 0.7% | -1.1% | ||
| Q1 25 | -1.7% | 0.2% | ||
| Q4 24 | 51.4% | -2.2% | ||
| Q3 24 | 1.5% | -1.9% | ||
| Q2 24 | -7.5% | -7.5% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $-0.38 | — | ||
| Q4 24 | $11.87 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $-1.55 | — |
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 | $248.6M |
| Total DebtLower is stronger | $361.1M | $282.8M |
| Stockholders' EquityBook value | $813.8M | $1.5B |
| Total Assets | $1.6B | $2.2B |
| Debt / EquityLower = less leverage | 0.44× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $248.6M | ||
| Q3 25 | $34.4M | $203.9M | ||
| Q2 25 | $46.7M | $188.9M | ||
| Q1 25 | $44.0M | $134.3M | ||
| Q4 24 | $79.6M | $154.6M | ||
| Q3 24 | $35.5M | $102.6M | ||
| Q2 24 | $39.6M | $87.0M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $282.8M | ||
| Q3 25 | $337.0M | $284.6M | ||
| Q2 25 | $330.1M | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $283.4M | $290.0M | ||
| Q3 24 | $1.2B | $287.3M | ||
| Q2 24 | $1.1B | $288.0M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $1.5B | ||
| Q3 25 | $783.0M | $1.5B | ||
| Q2 25 | $836.8M | $1.5B | ||
| Q1 25 | $836.6M | $1.5B | ||
| Q4 24 | $854.6M | $1.4B | ||
| Q3 24 | $664.6M | $1.4B | ||
| Q2 24 | $658.6M | $1.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.5B | $2.1B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.19× | ||
| Q3 25 | 0.43× | 0.19× | ||
| Q2 25 | 0.39× | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 0.33× | 0.20× | ||
| Q3 24 | 1.73× | 0.20× | ||
| Q2 24 | 1.74× | 0.20× |
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 | — | $57.6M |
| Free Cash FlowOCF − Capex | — | $46.6M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $57.6M | ||
| Q3 25 | $34.0M | $27.3M | ||
| Q2 25 | $-28.2M | $64.4M | ||
| Q1 25 | $1.5M | $-3.1M | ||
| Q4 24 | $-35.1M | $62.3M | ||
| Q3 24 | $16.2M | $22.7M | ||
| Q2 24 | $21.1M | $44.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $46.6M | ||
| Q3 25 | $15.7M | $17.0M | ||
| Q2 25 | $-51.1M | $56.6M | ||
| Q1 25 | $-31.2M | $-10.3M | ||
| Q4 24 | $-68.1M | $56.0M | ||
| Q3 24 | $-30.8M | $17.7M | ||
| Q2 24 | $3.0M | $39.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 12.2% | ||
| Q3 25 | 3.9% | 4.7% | ||
| Q2 25 | -13.0% | 16.4% | ||
| Q1 25 | -8.2% | -3.1% | ||
| Q4 24 | -17.6% | 17.2% | ||
| Q3 24 | -7.8% | 5.7% | ||
| Q2 24 | 0.9% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 2.9% | ||
| Q3 25 | 4.6% | 2.8% | ||
| Q2 25 | 5.8% | 2.2% | ||
| Q1 25 | 8.6% | 2.2% | ||
| Q4 24 | 8.5% | 1.9% | ||
| Q3 24 | 12.0% | 1.6% | ||
| Q2 24 | 5.3% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
