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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and POTLATCHDELTIC CORP (PCH). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $314.2M, roughly 1.1× POTLATCHDELTIC CORP). POTLATCHDELTIC CORP runs the higher net margin — 8.2% vs -3.6%, a 11.8% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs -4.7%). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% 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.
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
CLW vs PCH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $314.2M |
| Net Profit | $-12.8M | $25.9M |
| Gross Margin | -0.2% | 18.2% |
| Operating Margin | — | 11.2% |
| Net Margin | -3.6% | 8.2% |
| Revenue YoY | -4.7% | 23.1% |
| Net Profit YoY | -103.2% | 682.5% |
| EPS (diluted) | — | $0.33 |
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 | — | ||
| Q3 25 | $399.0M | $314.2M | ||
| Q2 25 | $391.8M | $275.0M | ||
| Q1 25 | $378.2M | $268.3M | ||
| Q4 24 | $387.1M | $258.1M | ||
| Q3 24 | $393.3M | $255.1M | ||
| Q2 24 | $344.4M | $320.7M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $25.9M | ||
| Q2 25 | $2.7M | $7.4M | ||
| Q1 25 | $-6.3M | $25.8M | ||
| Q4 24 | $199.1M | $5.2M | ||
| Q3 24 | $5.8M | $3.3M | ||
| Q2 24 | $-25.8M | $13.7M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | 18.2% | ||
| Q2 25 | 11.0% | 13.0% | ||
| Q1 25 | 9.7% | 17.8% | ||
| Q4 24 | 3.8% | 13.4% | ||
| Q3 24 | 7.7% | 10.8% | ||
| Q2 24 | -0.6% | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -13.9% | 11.2% | ||
| Q2 25 | 2.5% | 5.0% | ||
| Q1 25 | -1.1% | 10.3% | ||
| Q4 24 | -4.0% | 5.2% | ||
| Q3 24 | -0.3% | 2.8% | ||
| Q2 24 | -13.6% | 5.4% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | 8.2% | ||
| Q2 25 | 0.7% | 2.7% | ||
| Q1 25 | -1.7% | 9.6% | ||
| Q4 24 | 51.4% | 2.0% | ||
| Q3 24 | 1.5% | 1.3% | ||
| Q2 24 | -7.5% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | $0.33 | ||
| Q2 25 | $0.17 | $0.09 | ||
| Q1 25 | $-0.38 | $0.33 | ||
| Q4 24 | $11.87 | $0.07 | ||
| Q3 24 | $0.35 | $0.04 | ||
| Q2 24 | $-1.55 | $0.17 |
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 | $88.8M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $1.9B |
| Total Assets | $1.6B | $3.2B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | $88.8M | ||
| Q2 25 | $46.7M | $95.3M | ||
| Q1 25 | $44.0M | $147.5M | ||
| Q4 24 | $79.6M | $151.6M | ||
| Q3 24 | $35.5M | $161.1M | ||
| Q2 24 | $39.6M | $199.7M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | — | ||
| Q2 25 | $330.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.4M | $1.0B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | — | ||
| Q3 25 | $783.0M | $1.9B | ||
| Q2 25 | $836.8M | $1.9B | ||
| Q1 25 | $836.6M | $2.0B | ||
| Q4 24 | $854.6M | $2.0B | ||
| Q3 24 | $664.6M | $2.1B | ||
| Q2 24 | $658.6M | $2.1B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.6B | $3.2B | ||
| Q1 25 | $1.6B | $3.3B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $2.5B | $3.3B | ||
| Q2 24 | $2.5B | $3.4B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.33× | 0.51× | ||
| 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 | — | $65.7M |
| Free Cash FlowOCF − Capex | — | $50.1M |
| FCF MarginFCF / Revenue | — | 15.9% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 2.54× |
| TTM Free Cash FlowTrailing 4 quarters | — | $132.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $34.0M | $65.7M | ||
| Q2 25 | $-28.2M | $41.0M | ||
| Q1 25 | $1.5M | $49.1M | ||
| Q4 24 | $-35.1M | $45.4M | ||
| Q3 24 | $16.2M | $26.5M | ||
| Q2 24 | $21.1M | $100.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | $50.1M | ||
| Q2 25 | $-51.1M | $30.6M | ||
| Q1 25 | $-31.2M | $26.3M | ||
| Q4 24 | $-68.1M | $25.4M | ||
| Q3 24 | $-30.8M | $-8.2M | ||
| Q2 24 | $3.0M | $72.4M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | 15.9% | ||
| Q2 25 | -13.0% | 11.1% | ||
| Q1 25 | -8.2% | 9.8% | ||
| Q4 24 | -17.6% | 9.9% | ||
| Q3 24 | -7.8% | -3.2% | ||
| Q2 24 | 0.9% | 22.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | 4.9% | ||
| Q2 25 | 5.8% | 3.8% | ||
| Q1 25 | 8.6% | 8.5% | ||
| Q4 24 | 8.5% | 7.7% | ||
| Q3 24 | 12.0% | 13.6% | ||
| Q2 24 | 5.3% | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | -10.44× | 5.58× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | -0.18× | 8.74× | ||
| Q3 24 | 2.79× | 7.99× | ||
| Q2 24 | — | 7.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
