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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $191.2M, roughly 1.9× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -3.6%, a 12.0% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs -4.7%). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

CLW vs PSIX — Head-to-Head

Bigger by revenue
CLW
CLW
1.9× larger
CLW
$360.3M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+37.3% gap
PSIX
32.5%
-4.7%
CLW
Higher net margin
PSIX
PSIX
12.0% more per $
PSIX
8.4%
-3.6%
CLW
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
PSIX
PSIX
Revenue
$360.3M
$191.2M
Net Profit
$-12.8M
$16.1M
Gross Margin
-0.2%
21.9%
Operating Margin
12.7%
Net Margin
-3.6%
8.4%
Revenue YoY
-4.7%
32.5%
Net Profit YoY
-103.2%
-31.0%
EPS (diluted)
$0.69

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
PSIX
PSIX
Q1 26
$360.3M
Q4 25
$386.4M
$191.2M
Q3 25
$399.0M
$203.8M
Q2 25
$391.8M
$191.9M
Q1 25
$378.2M
$135.4M
Q4 24
$387.1M
$144.3M
Q3 24
$393.3M
$125.8M
Q2 24
$344.4M
$110.6M
Net Profit
CLW
CLW
PSIX
PSIX
Q1 26
$-12.8M
Q4 25
$38.3M
$16.1M
Q3 25
$-53.3M
$27.6M
Q2 25
$2.7M
$51.2M
Q1 25
$-6.3M
$19.1M
Q4 24
$199.1M
$23.3M
Q3 24
$5.8M
$17.3M
Q2 24
$-25.8M
$21.5M
Gross Margin
CLW
CLW
PSIX
PSIX
Q1 26
-0.2%
Q4 25
4.5%
21.9%
Q3 25
4.7%
23.9%
Q2 25
11.0%
28.2%
Q1 25
9.7%
29.7%
Q4 24
3.8%
29.9%
Q3 24
7.7%
28.9%
Q2 24
-0.6%
31.8%
Operating Margin
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
1.9%
12.7%
Q3 25
-13.9%
13.9%
Q2 25
2.5%
16.9%
Q1 25
-1.1%
18.2%
Q4 24
-4.0%
17.5%
Q3 24
-0.3%
16.3%
Q2 24
-13.6%
22.9%
Net Margin
CLW
CLW
PSIX
PSIX
Q1 26
-3.6%
Q4 25
9.9%
8.4%
Q3 25
-13.4%
13.5%
Q2 25
0.7%
26.7%
Q1 25
-1.7%
14.1%
Q4 24
51.4%
16.1%
Q3 24
1.5%
13.8%
Q2 24
-7.5%
19.5%
EPS (diluted)
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
$2.36
$0.69
Q3 25
$-3.30
$1.20
Q2 25
$0.17
$2.22
Q1 25
$-0.38
$0.83
Q4 24
$11.87
$1.01
Q3 24
$0.35
$0.75
Q2 24
$-1.55
$0.94

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$36.5M
$41.3M
Total DebtLower is stronger
$361.1M
$96.6M
Stockholders' EquityBook value
$813.8M
$178.6M
Total Assets
$1.6B
$424.7M
Debt / EquityLower = less leverage
0.44×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
PSIX
PSIX
Q1 26
$36.5M
Q4 25
$30.7M
$41.3M
Q3 25
$34.4M
$49.0M
Q2 25
$46.7M
$49.5M
Q1 25
$44.0M
$50.0M
Q4 24
$79.6M
$55.3M
Q3 24
$35.5M
$40.5M
Q2 24
$39.6M
$28.8M
Total Debt
CLW
CLW
PSIX
PSIX
Q1 26
$361.1M
Q4 25
$346.8M
$96.6M
Q3 25
$337.0M
$96.7M
Q2 25
$330.1M
$1.8M
Q1 25
$1.0M
Q4 24
$283.4M
$184.0K
Q3 24
$1.2B
$238.0K
Q2 24
$1.1B
$292.0K
Stockholders' Equity
CLW
CLW
PSIX
PSIX
Q1 26
$813.8M
Q4 25
$825.3M
$178.6M
Q3 25
$783.0M
$162.5M
Q2 25
$836.8M
$135.7M
Q1 25
$836.6M
$84.3M
Q4 24
$854.6M
$65.3M
Q3 24
$664.6M
$42.1M
Q2 24
$658.6M
$24.8M
Total Assets
CLW
CLW
PSIX
PSIX
Q1 26
$1.6B
Q4 25
$1.6B
$424.7M
Q3 25
$1.6B
$458.9M
Q2 25
$1.6B
$437.7M
Q1 25
$1.6B
$372.7M
Q4 24
$1.7B
$328.2M
Q3 24
$2.5B
$339.1M
Q2 24
$2.5B
$307.6M
Debt / Equity
CLW
CLW
PSIX
PSIX
Q1 26
0.44×
Q4 25
0.42×
0.54×
Q3 25
0.43×
0.60×
Q2 25
0.39×
0.01×
Q1 25
0.01×
Q4 24
0.33×
0.00×
Q3 24
1.73×
0.01×
Q2 24
1.74×
0.01×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$-4.6M
Free Cash FlowOCF − Capex
$-7.6M
FCF MarginFCF / Revenue
-4.0%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
$5.0M
$-4.6M
Q3 25
$34.0M
$3.3M
Q2 25
$-28.2M
$16.7M
Q1 25
$1.5M
$8.8M
Q4 24
$-35.1M
$32.7M
Q3 24
$16.2M
$12.6M
Q2 24
$21.1M
$1.5M
Free Cash Flow
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
$-9.9M
$-7.6M
Q3 25
$15.7M
$1.7M
Q2 25
$-51.1M
$14.6M
Q1 25
$-31.2M
$5.4M
Q4 24
$-68.1M
$30.0M
Q3 24
$-30.8M
$12.1M
Q2 24
$3.0M
$822.0K
FCF Margin
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
-2.6%
-4.0%
Q3 25
3.9%
0.8%
Q2 25
-13.0%
7.6%
Q1 25
-8.2%
4.0%
Q4 24
-17.6%
20.8%
Q3 24
-7.8%
9.7%
Q2 24
0.9%
0.7%
Capex Intensity
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
3.9%
1.6%
Q3 25
4.6%
0.8%
Q2 25
5.8%
1.1%
Q1 25
8.6%
2.5%
Q4 24
8.5%
1.8%
Q3 24
12.0%
0.3%
Q2 24
5.3%
0.6%
Cash Conversion
CLW
CLW
PSIX
PSIX
Q1 26
Q4 25
0.13×
-0.29×
Q3 25
0.12×
Q2 25
-10.44×
0.33×
Q1 25
0.46×
Q4 24
-0.18×
1.40×
Q3 24
2.79×
0.73×
Q2 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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