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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($366.7M vs $360.3M, roughly 1.0× Clearwater Paper Corp). Shake Shack Inc. runs the higher net margin — -0.1% vs -3.6%, a 3.5% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs -4.7%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% 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.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
CLW vs SHAK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $366.7M |
| Net Profit | $-12.8M | $-294.0K |
| Gross Margin | -0.2% | — |
| Operating Margin | — | — |
| Net Margin | -3.6% | -0.1% |
| Revenue YoY | -4.7% | 14.3% |
| Net Profit YoY | -103.2% | — |
| EPS (diluted) | — | $-0.01 |
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 | $366.7M | ||
| Q4 25 | $386.4M | $400.5M | ||
| Q3 25 | $399.0M | $367.4M | ||
| Q2 25 | $391.8M | $356.5M | ||
| Q1 25 | $378.2M | $320.9M | ||
| Q4 24 | $387.1M | $328.7M | ||
| Q3 24 | $393.3M | $316.9M | ||
| Q2 24 | $344.4M | $316.5M |
| Q1 26 | $-12.8M | $-294.0K | ||
| Q4 25 | $38.3M | $11.8M | ||
| Q3 25 | $-53.3M | $12.5M | ||
| Q2 25 | $2.7M | $17.1M | ||
| Q1 25 | $-6.3M | $4.2M | ||
| Q4 24 | $199.1M | $8.7M | ||
| Q3 24 | $5.8M | $-10.2M | ||
| Q2 24 | $-25.8M | $9.7M |
| 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% | 4.7% | ||
| Q3 25 | -13.9% | 5.0% | ||
| Q2 25 | 2.5% | 6.3% | ||
| Q1 25 | -1.1% | 0.9% | ||
| Q4 24 | -4.0% | 3.1% | ||
| Q3 24 | -0.3% | -5.7% | ||
| Q2 24 | -13.6% | 3.4% |
| Q1 26 | -3.6% | -0.1% | ||
| Q4 25 | 9.9% | 3.0% | ||
| Q3 25 | -13.4% | 3.4% | ||
| Q2 25 | 0.7% | 4.8% | ||
| Q1 25 | -1.7% | 1.3% | ||
| Q4 24 | 51.4% | 2.6% | ||
| Q3 24 | 1.5% | -3.2% | ||
| Q2 24 | -7.5% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $2.36 | $0.28 | ||
| Q3 25 | $-3.30 | $0.30 | ||
| Q2 25 | $0.17 | $0.41 | ||
| Q1 25 | $-0.38 | $0.10 | ||
| Q4 24 | $11.87 | $0.22 | ||
| Q3 24 | $0.35 | $-0.26 | ||
| Q2 24 | $-1.55 | $0.23 |
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 | $313.6M |
| Total DebtLower is stronger | $361.1M | $248.0M |
| Stockholders' EquityBook value | $813.8M | $554.6M |
| Total Assets | $1.6B | $1.9B |
| Debt / EquityLower = less leverage | 0.44× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | $313.6M | ||
| Q4 25 | $30.7M | $360.1M | ||
| Q3 25 | $34.4M | $357.8M | ||
| Q2 25 | $46.7M | $336.8M | ||
| Q1 25 | $44.0M | $312.9M | ||
| Q4 24 | $79.6M | $320.7M | ||
| Q3 24 | $35.5M | $310.9M | ||
| Q2 24 | $39.6M | $304.4M |
| Q1 26 | $361.1M | $248.0M | ||
| Q4 25 | $346.8M | $247.7M | ||
| Q3 25 | $337.0M | $247.5M | ||
| Q2 25 | $330.1M | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | $283.4M | $246.7M | ||
| Q3 24 | $1.2B | $246.4M | ||
| Q2 24 | $1.1B | $246.2M |
| Q1 26 | $813.8M | $554.6M | ||
| Q4 25 | $825.3M | $525.3M | ||
| Q3 25 | $783.0M | $509.0M | ||
| Q2 25 | $836.8M | $494.1M | ||
| Q1 25 | $836.6M | $473.3M | ||
| Q4 24 | $854.6M | $470.0M | ||
| Q3 24 | $664.6M | $456.1M | ||
| Q2 24 | $658.6M | $462.4M |
| Q1 26 | $1.6B | $1.9B | ||
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $2.5B | $1.7B | ||
| Q2 24 | $2.5B | $1.7B |
| Q1 26 | 0.44× | 0.45× | ||
| Q4 25 | 0.42× | 0.47× | ||
| Q3 25 | 0.43× | 0.49× | ||
| Q2 25 | 0.39× | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | 0.33× | 0.52× | ||
| Q3 24 | 1.73× | 0.54× | ||
| Q2 24 | 1.74× | 0.53× |
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 | — | $8.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $5.0M | $63.1M | ||
| Q3 25 | $34.0M | $63.0M | ||
| Q2 25 | $-28.2M | $65.0M | ||
| Q1 25 | $1.5M | $31.2M | ||
| Q4 24 | $-35.1M | $45.1M | ||
| Q3 24 | $16.2M | $41.9M | ||
| Q2 24 | $21.1M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $4.0M | ||
| Q3 25 | $15.7M | $23.7M | ||
| Q2 25 | $-51.1M | $26.9M | ||
| Q1 25 | $-31.2M | $1.9M | ||
| Q4 24 | $-68.1M | $10.4M | ||
| Q3 24 | $-30.8M | $7.1M | ||
| Q2 24 | $3.0M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 1.0% | ||
| Q3 25 | 3.9% | 6.5% | ||
| Q2 25 | -13.0% | 7.5% | ||
| Q1 25 | -8.2% | 0.6% | ||
| Q4 24 | -17.6% | 3.2% | ||
| Q3 24 | -7.8% | 2.2% | ||
| Q2 24 | 0.9% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 14.8% | ||
| Q3 25 | 4.6% | 10.7% | ||
| Q2 25 | 5.8% | 10.7% | ||
| Q1 25 | 8.6% | 9.1% | ||
| Q4 24 | 8.5% | 10.6% | ||
| Q3 24 | 12.0% | 11.0% | ||
| Q2 24 | 5.3% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 5.34× | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | -10.44× | 3.79× | ||
| Q1 25 | — | 7.36× | ||
| Q4 24 | -0.18× | 5.18× | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
