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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $260.4M, roughly 1.4× Smith Douglas Homes Corp.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -3.6%, a 4.9% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CLW vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $260.4M |
| Net Profit | $-12.8M | $3.5M |
| Gross Margin | -0.2% | 19.9% |
| Operating Margin | — | 6.5% |
| Net Margin | -3.6% | 1.4% |
| Revenue YoY | -4.7% | -9.4% |
| Net Profit YoY | -103.2% | -14.3% |
| EPS (diluted) | — | $0.39 |
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 | $260.4M | ||
| Q3 25 | $399.0M | $262.0M | ||
| Q2 25 | $391.8M | $223.9M | ||
| Q1 25 | $378.2M | $224.7M | ||
| Q4 24 | $387.1M | $287.5M | ||
| Q3 24 | $393.3M | $277.8M | ||
| Q2 24 | $344.4M | $220.9M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $3.5M | ||
| Q3 25 | $-53.3M | $2.1M | ||
| Q2 25 | $2.7M | $2.4M | ||
| Q1 25 | $-6.3M | $2.7M | ||
| Q4 24 | $199.1M | $4.1M | ||
| Q3 24 | $5.8M | $5.3M | ||
| Q2 24 | $-25.8M | $3.6M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 19.9% | ||
| Q3 25 | 4.7% | 21.0% | ||
| Q2 25 | 11.0% | 23.2% | ||
| Q1 25 | 9.7% | 23.8% | ||
| Q4 24 | 3.8% | 25.5% | ||
| Q3 24 | 7.7% | 26.5% | ||
| Q2 24 | -0.6% | 26.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 6.5% | ||
| Q3 25 | -13.9% | 6.6% | ||
| Q2 25 | 2.5% | 7.7% | ||
| Q1 25 | -1.1% | 8.7% | ||
| Q4 24 | -4.0% | 10.4% | ||
| Q3 24 | -0.3% | 14.2% | ||
| Q2 24 | -13.6% | 11.7% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 1.4% | ||
| Q3 25 | -13.4% | 0.8% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | -1.7% | 1.2% | ||
| Q4 24 | 51.4% | 1.4% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | -7.5% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.39 | ||
| Q3 25 | $-3.30 | $0.24 | ||
| Q2 25 | $0.17 | $0.26 | ||
| Q1 25 | $-0.38 | $0.30 | ||
| Q4 24 | $11.87 | $0.50 | ||
| Q3 24 | $0.35 | $0.58 | ||
| Q2 24 | $-1.55 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $86.7M |
| Total Assets | $1.6B | $557.6M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $12.7M | ||
| Q3 25 | $34.4M | $14.8M | ||
| Q2 25 | $46.7M | $16.8M | ||
| Q1 25 | $44.0M | $12.7M | ||
| Q4 24 | $79.6M | $22.4M | ||
| Q3 24 | $35.5M | $23.7M | ||
| Q2 24 | $39.6M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $783.0M | $82.2M | ||
| Q2 25 | $836.8M | $80.0M | ||
| Q1 25 | $836.6M | $76.9M | ||
| Q4 24 | $854.6M | $73.6M | ||
| Q3 24 | $664.6M | $68.4M | ||
| Q2 24 | $658.6M | $62.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $557.6M | ||
| Q3 25 | $1.6B | $571.6M | ||
| Q2 25 | $1.6B | $570.2M | ||
| Q1 25 | $1.6B | $513.9M | ||
| Q4 24 | $1.7B | $475.9M | ||
| Q3 24 | $2.5B | $460.1M | ||
| Q2 24 | $2.5B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $9.8M | ||
| Q3 25 | $34.0M | $22.8M | ||
| Q2 25 | $-28.2M | $-28.9M | ||
| Q1 25 | $1.5M | $-34.9M | ||
| Q4 24 | $-35.1M | $5.5M | ||
| Q3 24 | $16.2M | $22.9M | ||
| Q2 24 | $21.1M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $8.7M | ||
| Q3 25 | $15.7M | $21.4M | ||
| Q2 25 | $-51.1M | $-31.1M | ||
| Q1 25 | $-31.2M | $-35.9M | ||
| Q4 24 | $-68.1M | $4.8M | ||
| Q3 24 | $-30.8M | $22.3M | ||
| Q2 24 | $3.0M | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 3.4% | ||
| Q3 25 | 3.9% | 8.2% | ||
| Q2 25 | -13.0% | -13.9% | ||
| Q1 25 | -8.2% | -16.0% | ||
| Q4 24 | -17.6% | 1.7% | ||
| Q3 24 | -7.8% | 8.0% | ||
| Q2 24 | 0.9% | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.4% | ||
| Q3 25 | 4.6% | 0.5% | ||
| Q2 25 | 5.8% | 0.9% | ||
| Q1 25 | 8.6% | 0.5% | ||
| Q4 24 | 8.5% | 0.2% | ||
| Q3 24 | 12.0% | 0.2% | ||
| Q2 24 | 5.3% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | -10.44× | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | -0.18× | 1.33× | ||
| Q3 24 | 2.79× | 4.28× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
