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

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $222.5M, roughly 1.6× Phoenix Education Partners, Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -3.6%, a 8.4% gap on every dollar of revenue.

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

CLW vs PXED — Head-to-Head

Bigger by revenue
CLW
CLW
1.6× larger
CLW
$360.3M
$222.5M
PXED
Higher net margin
PXED
PXED
8.4% more per $
PXED
4.8%
-3.6%
CLW

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
CLW
CLW
PXED
PXED
Revenue
$360.3M
$222.5M
Net Profit
$-12.8M
$10.8M
Gross Margin
-0.2%
Operating Margin
6.3%
Net Margin
-3.6%
4.8%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)
$0.28

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
PXED
PXED
Q1 26
$360.3M
$222.5M
Q4 25
$386.4M
$262.0M
Q3 25
$399.0M
Q2 25
$391.8M
Q1 25
$378.2M
Q4 24
$387.1M
Q3 24
$393.3M
Q2 24
$344.4M
Net Profit
CLW
CLW
PXED
PXED
Q1 26
$-12.8M
$10.8M
Q4 25
$38.3M
$15.5M
Q3 25
$-53.3M
Q2 25
$2.7M
Q1 25
$-6.3M
Q4 24
$199.1M
Q3 24
$5.8M
Q2 24
$-25.8M
Gross Margin
CLW
CLW
PXED
PXED
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
PXED
PXED
Q1 26
6.3%
Q4 25
1.9%
9.8%
Q3 25
-13.9%
Q2 25
2.5%
Q1 25
-1.1%
Q4 24
-4.0%
Q3 24
-0.3%
Q2 24
-13.6%
Net Margin
CLW
CLW
PXED
PXED
Q1 26
-3.6%
4.8%
Q4 25
9.9%
5.9%
Q3 25
-13.4%
Q2 25
0.7%
Q1 25
-1.7%
Q4 24
51.4%
Q3 24
1.5%
Q2 24
-7.5%
EPS (diluted)
CLW
CLW
PXED
PXED
Q1 26
$0.28
Q4 25
$2.36
$0.40
Q3 25
$-3.30
Q2 25
$0.17
Q1 25
$-0.38
Q4 24
$11.87
Q3 24
$0.35
Q2 24
$-1.55

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$36.5M
$201.4M
Total DebtLower is stronger
$361.1M
$58.8M
Stockholders' EquityBook value
$813.8M
$291.1M
Total Assets
$1.6B
$546.4M
Debt / EquityLower = less leverage
0.44×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
PXED
PXED
Q1 26
$36.5M
$201.4M
Q4 25
$30.7M
$163.5M
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$44.0M
Q4 24
$79.6M
Q3 24
$35.5M
Q2 24
$39.6M
Total Debt
CLW
CLW
PXED
PXED
Q1 26
$361.1M
$58.8M
Q4 25
$346.8M
$61.6M
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
PXED
PXED
Q1 26
$813.8M
$291.1M
Q4 25
$825.3M
$280.4M
Q3 25
$783.0M
Q2 25
$836.8M
Q1 25
$836.6M
Q4 24
$854.6M
Q3 24
$664.6M
Q2 24
$658.6M
Total Assets
CLW
CLW
PXED
PXED
Q1 26
$1.6B
$546.4M
Q4 25
$1.6B
$549.6M
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$2.5B
Q2 24
$2.5B
Debt / Equity
CLW
CLW
PXED
PXED
Q1 26
0.44×
0.20×
Q4 25
0.42×
0.22×
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
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
PXED
PXED
Q1 26
$48.9M
Q4 25
$5.0M
$31.1M
Q3 25
$34.0M
Q2 25
$-28.2M
Q1 25
$1.5M
Q4 24
$-35.1M
Q3 24
$16.2M
Q2 24
$21.1M
Free Cash Flow
CLW
CLW
PXED
PXED
Q1 26
$43.5M
Q4 25
$-9.9M
$26.4M
Q3 25
$15.7M
Q2 25
$-51.1M
Q1 25
$-31.2M
Q4 24
$-68.1M
Q3 24
$-30.8M
Q2 24
$3.0M
FCF Margin
CLW
CLW
PXED
PXED
Q1 26
19.6%
Q4 25
-2.6%
10.1%
Q3 25
3.9%
Q2 25
-13.0%
Q1 25
-8.2%
Q4 24
-17.6%
Q3 24
-7.8%
Q2 24
0.9%
Capex Intensity
CLW
CLW
PXED
PXED
Q1 26
2.4%
Q4 25
3.9%
1.8%
Q3 25
4.6%
Q2 25
5.8%
Q1 25
8.6%
Q4 24
8.5%
Q3 24
12.0%
Q2 24
5.3%
Cash Conversion
CLW
CLW
PXED
PXED
Q1 26
4.53×
Q4 25
0.13×
2.01×
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.

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