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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $308.1M, roughly 1.2× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -3.6%, a 31.7% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -4.7%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

CLW vs LOPE — Head-to-Head

Bigger by revenue
CLW
CLW
1.2× larger
CLW
$360.3M
$308.1M
LOPE
Growing faster (revenue YoY)
LOPE
LOPE
+10.0% gap
LOPE
5.3%
-4.7%
CLW
Higher net margin
LOPE
LOPE
31.7% more per $
LOPE
28.1%
-3.6%
CLW
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
LOPE
LOPE
Revenue
$360.3M
$308.1M
Net Profit
$-12.8M
$86.7M
Gross Margin
-0.2%
Operating Margin
35.1%
Net Margin
-3.6%
28.1%
Revenue YoY
-4.7%
5.3%
Net Profit YoY
-103.2%
5.9%
EPS (diluted)
$3.13

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
LOPE
LOPE
Q1 26
$360.3M
Q4 25
$386.4M
$308.1M
Q3 25
$399.0M
$261.1M
Q2 25
$391.8M
$247.5M
Q1 25
$378.2M
$289.3M
Q4 24
$387.1M
$292.6M
Q3 24
$393.3M
$238.3M
Q2 24
$344.4M
$227.5M
Net Profit
CLW
CLW
LOPE
LOPE
Q1 26
$-12.8M
Q4 25
$38.3M
$86.7M
Q3 25
$-53.3M
$16.3M
Q2 25
$2.7M
$41.5M
Q1 25
$-6.3M
$71.6M
Q4 24
$199.1M
$81.9M
Q3 24
$5.8M
$41.5M
Q2 24
$-25.8M
$34.9M
Gross Margin
CLW
CLW
LOPE
LOPE
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
LOPE
LOPE
Q1 26
Q4 25
1.9%
35.1%
Q3 25
-13.9%
6.9%
Q2 25
2.5%
20.9%
Q1 25
-1.1%
30.4%
Q4 24
-4.0%
34.2%
Q3 24
-0.3%
20.2%
Q2 24
-13.6%
18.8%
Net Margin
CLW
CLW
LOPE
LOPE
Q1 26
-3.6%
Q4 25
9.9%
28.1%
Q3 25
-13.4%
6.2%
Q2 25
0.7%
16.8%
Q1 25
-1.7%
24.8%
Q4 24
51.4%
28.0%
Q3 24
1.5%
17.4%
Q2 24
-7.5%
15.3%
EPS (diluted)
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
$2.36
$3.13
Q3 25
$-3.30
$0.58
Q2 25
$0.17
$1.48
Q1 25
$-0.38
$2.52
Q4 24
$11.87
$2.83
Q3 24
$0.35
$1.42
Q2 24
$-1.55
$1.19

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$36.5M
$111.8M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$746.9M
Total Assets
$1.6B
$992.3M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
LOPE
LOPE
Q1 26
$36.5M
Q4 25
$30.7M
$111.8M
Q3 25
$34.4M
$97.3M
Q2 25
$46.7M
$192.3M
Q1 25
$44.0M
$144.5M
Q4 24
$79.6M
$324.6M
Q3 24
$35.5M
$263.6M
Q2 24
$39.6M
$241.3M
Total Debt
CLW
CLW
LOPE
LOPE
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
LOPE
LOPE
Q1 26
$813.8M
Q4 25
$825.3M
$746.9M
Q3 25
$783.0M
$758.0M
Q2 25
$836.8M
$778.0M
Q1 25
$836.6M
$780.7M
Q4 24
$854.6M
$783.9M
Q3 24
$664.6M
$764.1M
Q2 24
$658.6M
$759.2M
Total Assets
CLW
CLW
LOPE
LOPE
Q1 26
$1.6B
Q4 25
$1.6B
$992.3M
Q3 25
$1.6B
$1.0B
Q2 25
$1.6B
$1.0B
Q1 25
$1.6B
$1.0B
Q4 24
$1.7B
$1.0B
Q3 24
$2.5B
$992.9M
Q2 24
$2.5B
$992.7M
Debt / Equity
CLW
CLW
LOPE
LOPE
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
LOPE
LOPE
Operating Cash FlowLast quarter
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
$5.0M
$130.5M
Q3 25
$34.0M
$-48.6M
Q2 25
$-28.2M
$124.0M
Q1 25
$1.5M
$67.6M
Q4 24
$-35.1M
$135.8M
Q3 24
$16.2M
$-29.4M
Q2 24
$21.1M
$98.6M
Free Cash Flow
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
$-9.9M
$122.9M
Q3 25
$15.7M
$-58.3M
Q2 25
$-51.1M
$115.4M
Q1 25
$-31.2M
$58.7M
Q4 24
$-68.1M
$126.1M
Q3 24
$-30.8M
$-39.0M
Q2 24
$3.0M
$89.6M
FCF Margin
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
-2.6%
39.9%
Q3 25
3.9%
-22.3%
Q2 25
-13.0%
46.6%
Q1 25
-8.2%
20.3%
Q4 24
-17.6%
43.1%
Q3 24
-7.8%
-16.3%
Q2 24
0.9%
39.4%
Capex Intensity
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
3.9%
2.5%
Q3 25
4.6%
3.7%
Q2 25
5.8%
3.5%
Q1 25
8.6%
3.1%
Q4 24
8.5%
3.3%
Q3 24
12.0%
4.0%
Q2 24
5.3%
3.9%
Cash Conversion
CLW
CLW
LOPE
LOPE
Q1 26
Q4 25
0.13×
1.50×
Q3 25
-2.99×
Q2 25
-10.44×
2.98×
Q1 25
0.94×
Q4 24
-0.18×
1.66×
Q3 24
2.79×
-0.71×
Q2 24
2.83×

Financial Flow Comparison

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

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