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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.

SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $360.3M, roughly 1.8× Clearwater Paper Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs -3.6%, a 37.7% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

CLW vs SSB — Head-to-Head

Bigger by revenue
SSB
SSB
1.8× larger
SSB
$661.7M
$360.3M
CLW
Higher net margin
SSB
SSB
37.7% more per $
SSB
34.1%
-3.6%
CLW
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
2.3%
CLW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLW
CLW
SSB
SSB
Revenue
$360.3M
$661.7M
Net Profit
$-12.8M
$225.8M
Gross Margin
-0.2%
Operating Margin
15.1%
Net Margin
-3.6%
34.1%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
153.5%
EPS (diluted)
$2.28

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
SSB
SSB
Q1 26
$360.3M
$661.7M
Q4 25
$386.4M
$581.1M
Q3 25
$399.0M
$599.7M
Q2 25
$391.8M
$577.9M
Q1 25
$378.2M
$544.5M
Q4 24
$387.1M
$369.8M
Q3 24
$393.3M
$351.5M
Q2 24
$344.4M
$350.3M
Net Profit
CLW
CLW
SSB
SSB
Q1 26
$-12.8M
$225.8M
Q4 25
$38.3M
$247.7M
Q3 25
$-53.3M
$246.6M
Q2 25
$2.7M
$215.2M
Q1 25
$-6.3M
$89.1M
Q4 24
$199.1M
$144.2M
Q3 24
$5.8M
$143.2M
Q2 24
$-25.8M
$132.4M
Gross Margin
CLW
CLW
SSB
SSB
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
SSB
SSB
Q1 26
15.1%
Q4 25
1.9%
54.3%
Q3 25
-13.9%
53.6%
Q2 25
2.5%
48.8%
Q1 25
-1.1%
22.3%
Q4 24
-4.0%
50.7%
Q3 24
-0.3%
53.1%
Q2 24
-13.6%
49.3%
Net Margin
CLW
CLW
SSB
SSB
Q1 26
-3.6%
34.1%
Q4 25
9.9%
42.6%
Q3 25
-13.4%
41.1%
Q2 25
0.7%
37.2%
Q1 25
-1.7%
16.4%
Q4 24
51.4%
39.0%
Q3 24
1.5%
40.7%
Q2 24
-7.5%
37.8%
EPS (diluted)
CLW
CLW
SSB
SSB
Q1 26
$2.28
Q4 25
$2.36
$2.47
Q3 25
$-3.30
$2.42
Q2 25
$0.17
$2.11
Q1 25
$-0.38
$0.87
Q4 24
$11.87
$1.88
Q3 24
$0.35
$1.86
Q2 24
$-1.55
$1.73

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$36.5M
$2.9B
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$813.8M
$9.0B
Total Assets
$1.6B
$68.0B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
SSB
SSB
Q1 26
$36.5M
$2.9B
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
Total Debt
CLW
CLW
SSB
SSB
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
Stockholders' Equity
CLW
CLW
SSB
SSB
Q1 26
$813.8M
$9.0B
Q4 25
$825.3M
$9.1B
Q3 25
$783.0M
$9.0B
Q2 25
$836.8M
$8.8B
Q1 25
$836.6M
$8.6B
Q4 24
$854.6M
$5.9B
Q3 24
$664.6M
$5.9B
Q2 24
$658.6M
$5.7B
Total Assets
CLW
CLW
SSB
SSB
Q1 26
$1.6B
$68.0B
Q4 25
$1.6B
$67.2B
Q3 25
$1.6B
$66.0B
Q2 25
$1.6B
$65.9B
Q1 25
$1.6B
$65.1B
Q4 24
$1.7B
$46.4B
Q3 24
$2.5B
$46.1B
Q2 24
$2.5B
$45.5B
Debt / Equity
CLW
CLW
SSB
SSB
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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