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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $232.1M, roughly 1.6× RADIANT LOGISTICS, INC). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -3.6%, a 5.8% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
CLW vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $232.1M |
| Net Profit | $-12.8M | $5.3M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 3.2% |
| Net Margin | -3.6% | 2.3% |
| Revenue YoY | -4.7% | -12.3% |
| Net Profit YoY | -103.2% | -18.0% |
| EPS (diluted) | — | $0.11 |
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 | $232.1M | ||
| Q3 25 | $399.0M | $226.7M | ||
| Q2 25 | $391.8M | $220.6M | ||
| Q1 25 | $378.2M | $214.0M | ||
| Q4 24 | $387.1M | $264.5M | ||
| Q3 24 | $393.3M | $203.6M | ||
| Q2 24 | $344.4M | $206.0M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $5.3M | ||
| Q3 25 | $-53.3M | $1.3M | ||
| Q2 25 | $2.7M | $4.9M | ||
| Q1 25 | $-6.3M | $2.5M | ||
| Q4 24 | $199.1M | $6.5M | ||
| Q3 24 | $5.8M | $3.4M | ||
| Q2 24 | $-25.8M | $4.8M |
| 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% | 3.2% | ||
| Q3 25 | -13.9% | 0.9% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | -1.1% | 1.6% | ||
| Q4 24 | -4.0% | 3.3% | ||
| Q3 24 | -0.3% | 1.9% | ||
| Q2 24 | -13.6% | 2.4% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 2.3% | ||
| Q3 25 | -13.4% | 0.6% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | -1.7% | 1.2% | ||
| Q4 24 | 51.4% | 2.4% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | -7.5% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.11 | ||
| Q3 25 | $-3.30 | $0.03 | ||
| Q2 25 | $0.17 | $0.10 | ||
| Q1 25 | $-0.38 | $0.05 | ||
| Q4 24 | $11.87 | $0.13 | ||
| Q3 24 | $0.35 | $0.07 | ||
| Q2 24 | $-1.55 | $0.11 |
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 | $31.9M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $229.8M |
| Total Assets | $1.6B | $439.4M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $31.9M | ||
| Q3 25 | $34.4M | $28.1M | ||
| Q2 25 | $46.7M | $22.9M | ||
| Q1 25 | $44.0M | $19.0M | ||
| Q4 24 | $79.6M | $19.9M | ||
| Q3 24 | $35.5M | $10.4M | ||
| Q2 24 | $39.6M | $24.9M |
| 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 | $229.8M | ||
| Q3 25 | $783.0M | $225.7M | ||
| Q2 25 | $836.8M | $226.0M | ||
| Q1 25 | $836.6M | $218.2M | ||
| Q4 24 | $854.6M | $214.4M | ||
| Q3 24 | $664.6M | $212.4M | ||
| Q2 24 | $658.6M | $209.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $439.4M | ||
| Q3 25 | $1.6B | $445.3M | ||
| Q2 25 | $1.6B | $426.8M | ||
| Q1 25 | $1.6B | $414.5M | ||
| Q4 24 | $1.7B | $386.8M | ||
| Q3 24 | $2.5B | $375.3M | ||
| Q2 24 | $2.5B | $371.2M |
| 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 | — | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $12.4M | ||
| Q3 25 | $34.0M | $2.5M | ||
| Q2 25 | $-28.2M | $3.1M | ||
| Q1 25 | $1.5M | $-5.7M | ||
| Q4 24 | $-35.1M | $15.7M | ||
| Q3 24 | $16.2M | $205.0K | ||
| Q2 24 | $21.1M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $11.6M | ||
| Q3 25 | $15.7M | $977.0K | ||
| Q2 25 | $-51.1M | $2.2M | ||
| Q1 25 | $-31.2M | $-6.4M | ||
| Q4 24 | $-68.1M | $14.1M | ||
| Q3 24 | $-30.8M | $-1.9M | ||
| Q2 24 | $3.0M | $-185.0K |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 5.0% | ||
| Q3 25 | 3.9% | 0.4% | ||
| Q2 25 | -13.0% | 1.0% | ||
| Q1 25 | -8.2% | -3.0% | ||
| Q4 24 | -17.6% | 5.3% | ||
| Q3 24 | -7.8% | -0.9% | ||
| Q2 24 | 0.9% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 8.6% | 0.3% | ||
| Q4 24 | 8.5% | 0.6% | ||
| Q3 24 | 12.0% | 1.0% | ||
| Q2 24 | 5.3% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | -10.44× | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | -0.18× | 2.43× | ||
| Q3 24 | 2.79× | 0.06× | ||
| Q2 24 | — | 0.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
