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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $333.4M, roughly 1.1× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs -3.6%, a 20.5% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs -4.7%). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
CLW vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $333.4M |
| Net Profit | $-12.8M | $56.5M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 37.7% |
| Net Margin | -3.6% | 17.0% |
| Revenue YoY | -4.7% | 13.7% |
| Net Profit YoY | -103.2% | 206.3% |
| EPS (diluted) | — | $1.47 |
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 | $333.4M | ||
| Q3 25 | $399.0M | $311.1M | ||
| Q2 25 | $391.8M | $287.7M | ||
| Q1 25 | $378.2M | $269.6M | ||
| Q4 24 | $387.1M | $293.2M | ||
| Q3 24 | $393.3M | $281.5M | ||
| Q2 24 | $344.4M | $284.2M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $56.5M | ||
| Q3 25 | $-53.3M | $-407.7M | ||
| Q2 25 | $2.7M | $42.4M | ||
| Q1 25 | $-6.3M | $3.7M | ||
| Q4 24 | $199.1M | $18.5M | ||
| Q3 24 | $5.8M | $27.2M | ||
| Q2 24 | $-25.8M | $21.5M |
| 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% | 37.7% | ||
| Q3 25 | -13.9% | -101.4% | ||
| Q2 25 | 2.5% | 29.6% | ||
| Q1 25 | -1.1% | 27.7% | ||
| Q4 24 | -4.0% | 32.1% | ||
| Q3 24 | -0.3% | 32.0% | ||
| Q2 24 | -13.6% | 31.4% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 17.0% | ||
| Q3 25 | -13.4% | -131.0% | ||
| Q2 25 | 0.7% | 14.7% | ||
| Q1 25 | -1.7% | 1.4% | ||
| Q4 24 | 51.4% | 6.3% | ||
| Q3 24 | 1.5% | 9.6% | ||
| Q2 24 | -7.5% | 7.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $1.47 | ||
| Q3 25 | $-3.30 | $-10.43 | ||
| Q2 25 | $0.17 | $1.08 | ||
| Q1 25 | $-0.38 | $0.09 | ||
| Q4 24 | $11.87 | $0.47 | ||
| Q3 24 | $0.35 | $0.69 | ||
| Q2 24 | $-1.55 | $0.54 |
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 | $104.4M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $979.9M |
| Total Assets | $1.6B | $5.1B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $104.4M | ||
| Q3 25 | $34.4M | $107.5M | ||
| Q2 25 | $46.7M | $131.6M | ||
| Q1 25 | $44.0M | $128.7M | ||
| Q4 24 | $79.6M | $105.9M | ||
| Q3 24 | $35.5M | $141.1M | ||
| Q2 24 | $39.6M | $118.9M |
| 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 | $979.9M | ||
| Q3 25 | $783.0M | $928.5M | ||
| Q2 25 | $836.8M | $1.3B | ||
| Q1 25 | $836.6M | $1.2B | ||
| Q4 24 | $854.6M | $1.1B | ||
| Q3 24 | $664.6M | $1.2B | ||
| Q2 24 | $658.6M | $1.1B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.1B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.6B | $5.4B | ||
| Q1 25 | $1.6B | $5.1B | ||
| Q4 24 | $1.7B | $4.9B | ||
| Q3 24 | $2.5B | $4.9B | ||
| Q2 24 | $2.5B | $4.7B |
| 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 | — | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $-85.5M | ||
| Q3 25 | $34.0M | $-10.1M | ||
| Q2 25 | $-28.2M | $-12.9M | ||
| Q1 25 | $1.5M | $-52.6M | ||
| Q4 24 | $-35.1M | $-94.6M | ||
| Q3 24 | $16.2M | $-35.0M | ||
| Q2 24 | $21.1M | $-29.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-90.4M | ||
| Q3 25 | $15.7M | $-11.3M | ||
| Q2 25 | $-51.1M | $-14.2M | ||
| Q1 25 | $-31.2M | $-53.5M | ||
| Q4 24 | $-68.1M | $-98.6M | ||
| Q3 24 | $-30.8M | $-36.1M | ||
| Q2 24 | $3.0M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -27.1% | ||
| Q3 25 | 3.9% | -3.6% | ||
| Q2 25 | -13.0% | -4.9% | ||
| Q1 25 | -8.2% | -19.8% | ||
| Q4 24 | -17.6% | -33.6% | ||
| Q3 24 | -7.8% | -12.8% | ||
| Q2 24 | 0.9% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 1.4% | ||
| Q3 25 | 4.6% | 0.4% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 8.6% | 0.3% | ||
| Q4 24 | 8.5% | 1.4% | ||
| Q3 24 | 12.0% | 0.4% | ||
| Q2 24 | 5.3% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | -0.30× | ||
| Q1 25 | — | -14.37× | ||
| Q4 24 | -0.18× | -5.13× | ||
| Q3 24 | 2.79× | -1.29× | ||
| Q2 24 | — | -1.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
