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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Safe Pro Group Inc. (SPAI). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3K vs $227.7K, roughly 1.6× Safe Pro Group Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -1507.6%, a 1504.0% 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.
CLW vs SPAI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3K | $227.7K |
| Net Profit | $-12.8K | $-3.4M |
| Gross Margin | -0.2% | 33.1% |
| Operating Margin | — | -1936.2% |
| Net Margin | -3.6% | -1507.6% |
| Revenue YoY | -4.7% | — |
| Net Profit YoY | -103.2% | — |
| EPS (diluted) | — | $-0.16 |
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 | $360.3K | — | ||
| Q4 25 | $386.4M | $227.7K | ||
| Q3 25 | $399.0M | $101.4K | ||
| Q2 25 | $391.8M | $92.8K | ||
| Q1 25 | $378.2M | $184.8K | ||
| Q4 24 | $387.1M | — | ||
| Q3 24 | $393.3M | $330.8K | ||
| Q2 24 | $344.4M | $643.0K |
| Q1 26 | $-12.8K | — | ||
| Q4 25 | $38.3M | $-3.4M | ||
| Q3 25 | $-53.3M | $-5.0M | ||
| Q2 25 | $2.7M | $-1.9M | ||
| Q1 25 | $-6.3M | $-4.0M | ||
| Q4 24 | $199.1M | — | ||
| Q3 24 | $5.8M | $-3.7M | ||
| Q2 24 | $-25.8M | $-1.2M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 33.1% | ||
| Q3 25 | 4.7% | 33.1% | ||
| Q2 25 | 11.0% | 34.0% | ||
| Q1 25 | 9.7% | 33.3% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 7.7% | 40.6% | ||
| Q2 24 | -0.6% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -1936.2% | ||
| Q3 25 | -13.9% | -4148.6% | ||
| Q2 25 | 2.5% | -2073.6% | ||
| Q1 25 | -1.1% | -2167.6% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -0.3% | -1070.9% | ||
| Q2 24 | -13.6% | -174.6% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -1507.6% | ||
| Q3 25 | -13.4% | -4940.1% | ||
| Q2 25 | 0.7% | -2064.1% | ||
| Q1 25 | -1.7% | -2145.5% | ||
| Q4 24 | 51.4% | — | ||
| Q3 24 | 1.5% | -1114.3% | ||
| Q2 24 | -7.5% | -188.9% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.16 | ||
| Q3 25 | $-3.30 | $-0.29 | ||
| Q2 25 | $0.17 | $-0.13 | ||
| Q1 25 | $-0.38 | $-0.27 | ||
| Q4 24 | $11.87 | — | ||
| Q3 24 | $0.35 | $-0.34 | ||
| Q2 24 | $-1.55 | $-0.14 |
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 | — |
| Total DebtLower is stronger | $361.1M | $146.0K |
| Stockholders' EquityBook value | $813.8M | $17.7M |
| Total Assets | $1.6B | $19.1M |
| Debt / EquityLower = less leverage | 0.44× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | — | ||
| Q2 25 | $46.7M | — | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $39.6M | — |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $146.0K | ||
| Q3 25 | $337.0M | $146.0K | ||
| Q2 25 | $330.1M | $146.0K | ||
| Q1 25 | — | $146.0K | ||
| Q4 24 | $283.4M | — | ||
| Q3 24 | $1.2B | $146.0K | ||
| Q2 24 | $1.1B | $256.0K |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $17.7M | ||
| Q3 25 | $783.0M | $8.4M | ||
| Q2 25 | $836.8M | $2.6M | ||
| Q1 25 | $836.6M | $2.6M | ||
| Q4 24 | $854.6M | — | ||
| Q3 24 | $664.6M | $4.2M | ||
| Q2 24 | $658.6M | $531.4K |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $19.1M | ||
| Q3 25 | $1.6B | $9.7M | ||
| Q2 25 | $1.6B | $3.5M | ||
| Q1 25 | $1.6B | $3.7M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.5B | $5.5M | ||
| Q2 24 | $2.5B | $3.0M |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.01× | ||
| Q3 25 | 0.43× | 0.02× | ||
| Q2 25 | 0.39× | 0.06× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 1.73× | 0.03× | ||
| Q2 24 | 1.74× | 0.48× |
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 | — | $-2.7M |
| Free Cash FlowOCF − Capex | — | $-2.7M |
| FCF MarginFCF / Revenue | — | -1181.2% |
| Capex IntensityCapex / Revenue | — | 10.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $-2.7M | ||
| Q3 25 | $34.0M | $-1.6M | ||
| Q2 25 | $-28.2M | $-1.0M | ||
| Q1 25 | $1.5M | $-941.8K | ||
| Q4 24 | $-35.1M | — | ||
| Q3 24 | $16.2M | $-1.9M | ||
| Q2 24 | $21.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-2.7M | ||
| Q3 25 | $15.7M | $-1.6M | ||
| Q2 25 | $-51.1M | $-1.0M | ||
| Q1 25 | $-31.2M | $-960.0K | ||
| Q4 24 | $-68.1M | — | ||
| Q3 24 | $-30.8M | $-1.9M | ||
| Q2 24 | $3.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -1181.2% | ||
| Q3 25 | 3.9% | -1579.6% | ||
| Q2 25 | -13.0% | -1092.7% | ||
| Q1 25 | -8.2% | -519.5% | ||
| Q4 24 | -17.6% | — | ||
| Q3 24 | -7.8% | -577.0% | ||
| Q2 24 | 0.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 10.0% | ||
| Q3 25 | 4.6% | 4.9% | ||
| Q2 25 | 5.8% | 3.0% | ||
| Q1 25 | 8.6% | 9.9% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 12.0% | 0.9% | ||
| Q2 24 | 5.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| 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.
