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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $359.3M, roughly 1.0× PROCORE TECHNOLOGIES, INC.). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -2.5% vs -3.6%, a 1.0% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.7% vs -4.7%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (12.4% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
CLW vs PCOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $359.3M |
| Net Profit | $-12.8M | $-9.1M |
| Gross Margin | -0.2% | 80.1% |
| Operating Margin | — | 15.5% |
| Net Margin | -3.6% | -2.5% |
| Revenue YoY | -4.7% | 15.7% |
| Net Profit YoY | -103.2% | 72.4% |
| EPS (diluted) | — | $-0.06 |
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 | $359.3M | ||
| Q4 25 | $386.4M | $349.1M | ||
| Q3 25 | $399.0M | $338.9M | ||
| Q2 25 | $391.8M | $323.9M | ||
| Q1 25 | $378.2M | $310.6M | ||
| Q4 24 | $387.1M | $302.0M | ||
| Q3 24 | $393.3M | $295.9M | ||
| Q2 24 | $344.4M | $284.3M |
| Q1 26 | $-12.8M | $-9.1M | ||
| Q4 25 | $38.3M | $-37.6M | ||
| Q3 25 | $-53.3M | $-9.1M | ||
| Q2 25 | $2.7M | $-21.1M | ||
| Q1 25 | $-6.3M | $-33.0M | ||
| Q4 24 | $199.1M | $-62.3M | ||
| Q3 24 | $5.8M | $-26.4M | ||
| Q2 24 | $-25.8M | $-6.3M |
| Q1 26 | -0.2% | 80.1% | ||
| Q4 25 | 4.5% | 80.1% | ||
| Q3 25 | 4.7% | 79.7% | ||
| Q2 25 | 11.0% | 79.1% | ||
| Q1 25 | 9.7% | 79.1% | ||
| Q4 24 | 3.8% | 81.2% | ||
| Q3 24 | 7.7% | 81.4% | ||
| Q2 24 | -0.6% | 83.1% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 1.9% | -12.3% | ||
| Q3 25 | -13.9% | -4.4% | ||
| Q2 25 | 2.5% | -9.3% | ||
| Q1 25 | -1.1% | -11.7% | ||
| Q4 24 | -4.0% | -21.9% | ||
| Q3 24 | -0.3% | -12.3% | ||
| Q2 24 | -13.6% | -5.2% |
| Q1 26 | -3.6% | -2.5% | ||
| Q4 25 | 9.9% | -10.8% | ||
| Q3 25 | -13.4% | -2.7% | ||
| Q2 25 | 0.7% | -6.5% | ||
| Q1 25 | -1.7% | -10.6% | ||
| Q4 24 | 51.4% | -20.6% | ||
| Q3 24 | 1.5% | -8.9% | ||
| Q2 24 | -7.5% | -2.2% |
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $2.36 | $-0.25 | ||
| Q3 25 | $-3.30 | $-0.06 | ||
| Q2 25 | $0.17 | $-0.14 | ||
| Q1 25 | $-0.38 | $-0.22 | ||
| Q4 24 | $11.87 | $-0.42 | ||
| Q3 24 | $0.35 | $-0.18 | ||
| Q2 24 | $-1.55 | $-0.04 |
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 | $386.0M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $1.2B |
| Total Assets | $1.6B | $2.1B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | $386.0M | ||
| Q4 25 | $30.7M | $768.5M | ||
| Q3 25 | $34.4M | $684.0M | ||
| Q2 25 | $46.7M | $620.9M | ||
| Q1 25 | $44.0M | $566.7M | ||
| Q4 24 | $79.6M | $775.4M | ||
| Q3 24 | $35.5M | $756.9M | ||
| Q2 24 | $39.6M | $735.4M |
| 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 | $1.2B | ||
| Q4 25 | $825.3M | $1.3B | ||
| Q3 25 | $783.0M | $1.2B | ||
| Q2 25 | $836.8M | $1.2B | ||
| Q1 25 | $836.6M | $1.2B | ||
| Q4 24 | $854.6M | $1.3B | ||
| Q3 24 | $664.6M | $1.3B | ||
| Q2 24 | $658.6M | $1.3B |
| Q1 26 | $1.6B | $2.1B | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $2.5B | $2.0B | ||
| Q2 24 | $2.5B | $2.0B |
| 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 | — | $76.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $76.8M | ||
| Q4 25 | $5.0M | $114.9M | ||
| Q3 25 | $34.0M | $88.5M | ||
| Q2 25 | $-28.2M | $30.8M | ||
| Q1 25 | $1.5M | $66.0M | ||
| Q4 24 | $-35.1M | $29.1M | ||
| Q3 24 | $16.2M | $39.3M | ||
| Q2 24 | $21.1M | $58.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $109.2M | ||
| Q3 25 | $15.7M | $83.1M | ||
| Q2 25 | $-51.1M | $27.9M | ||
| Q1 25 | $-31.2M | $62.0M | ||
| Q4 24 | $-68.1M | $17.4M | ||
| Q3 24 | $-30.8M | $35.7M | ||
| Q2 24 | $3.0M | $56.8M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 31.3% | ||
| Q3 25 | 3.9% | 24.5% | ||
| Q2 25 | -13.0% | 8.6% | ||
| Q1 25 | -8.2% | 20.0% | ||
| Q4 24 | -17.6% | 5.8% | ||
| Q3 24 | -7.8% | 12.1% | ||
| Q2 24 | 0.9% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 1.6% | ||
| Q3 25 | 4.6% | 1.6% | ||
| Q2 25 | 5.8% | 0.9% | ||
| Q1 25 | 8.6% | 1.3% | ||
| Q4 24 | 8.5% | 3.9% | ||
| Q3 24 | 12.0% | 1.2% | ||
| Q2 24 | 5.3% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
