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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $220.2M, roughly 1.6× Shutterstock, Inc.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -7.3%, a 3.7% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -12.0%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 1.4%).
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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
CLW vs SSTK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $220.2M |
| Net Profit | $-12.8M | $-16.0M |
| Gross Margin | -0.2% | 55.8% |
| Operating Margin | — | -1.1% |
| Net Margin | -3.6% | -7.3% |
| Revenue YoY | -4.7% | -12.0% |
| Net Profit YoY | -103.2% | -1021.0% |
| EPS (diluted) | — | $-0.47 |
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 | $220.2M | ||
| Q3 25 | $399.0M | $260.1M | ||
| Q2 25 | $391.8M | $267.0M | ||
| Q1 25 | $378.2M | $242.6M | ||
| Q4 24 | $387.1M | $250.3M | ||
| Q3 24 | $393.3M | $250.6M | ||
| Q2 24 | $344.4M | $220.1M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-16.0M | ||
| Q3 25 | $-53.3M | $13.4M | ||
| Q2 25 | $2.7M | $29.4M | ||
| Q1 25 | $-6.3M | $18.7M | ||
| Q4 24 | $199.1M | $-1.4M | ||
| Q3 24 | $5.8M | $17.6M | ||
| Q2 24 | $-25.8M | $3.6M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 55.8% | ||
| Q3 25 | 4.7% | 60.6% | ||
| Q2 25 | 11.0% | 60.3% | ||
| Q1 25 | 9.7% | 58.4% | ||
| Q4 24 | 3.8% | 55.1% | ||
| Q3 24 | 7.7% | 58.3% | ||
| Q2 24 | -0.6% | 58.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -1.1% | ||
| Q3 25 | -13.9% | 12.5% | ||
| Q2 25 | 2.5% | 13.0% | ||
| Q1 25 | -1.1% | 4.2% | ||
| Q4 24 | -4.0% | 5.3% | ||
| Q3 24 | -0.3% | 7.2% | ||
| Q2 24 | -13.6% | 9.4% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -7.3% | ||
| Q3 25 | -13.4% | 5.1% | ||
| Q2 25 | 0.7% | 11.0% | ||
| Q1 25 | -1.7% | 7.7% | ||
| Q4 24 | 51.4% | -0.6% | ||
| Q3 24 | 1.5% | 7.0% | ||
| Q2 24 | -7.5% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.47 | ||
| Q3 25 | $-3.30 | $0.37 | ||
| Q2 25 | $0.17 | $0.82 | ||
| Q1 25 | $-0.38 | $0.53 | ||
| Q4 24 | $11.87 | $-0.04 | ||
| Q3 24 | $0.35 | $0.50 | ||
| Q2 24 | $-1.55 | $0.10 |
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 | $178.2M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $581.0M |
| Total Assets | $1.6B | $1.4B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $178.2M | ||
| Q3 25 | $34.4M | $165.5M | ||
| Q2 25 | $46.7M | $116.4M | ||
| Q1 25 | $44.0M | $112.2M | ||
| Q4 24 | $79.6M | $111.3M | ||
| Q3 24 | $35.5M | $131.4M | ||
| Q2 24 | $39.6M | $74.9M |
| 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 | $581.0M | ||
| Q3 25 | $783.0M | $594.4M | ||
| Q2 25 | $836.8M | $586.2M | ||
| Q1 25 | $836.6M | $547.2M | ||
| Q4 24 | $854.6M | $518.4M | ||
| Q3 24 | $664.6M | $522.9M | ||
| Q2 24 | $658.6M | $520.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.0B |
| 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 | — | $36.2M |
| Free Cash FlowOCF − Capex | — | $25.9M |
| FCF MarginFCF / Revenue | — | 11.8% |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $36.2M | ||
| Q3 25 | $34.0M | $78.4M | ||
| Q2 25 | $-28.2M | $26.8M | ||
| Q1 25 | $1.5M | $25.2M | ||
| Q4 24 | $-35.1M | $8.0M | ||
| Q3 24 | $16.2M | $-11.6M | ||
| Q2 24 | $21.1M | $28.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $25.9M | ||
| Q3 25 | $15.7M | $68.0M | ||
| Q2 25 | $-51.1M | $15.5M | ||
| Q1 25 | $-31.2M | $14.4M | ||
| Q4 24 | $-68.1M | $-952.0K | ||
| Q3 24 | $-30.8M | $-26.3M | ||
| Q2 24 | $3.0M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 11.8% | ||
| Q3 25 | 3.9% | 26.1% | ||
| Q2 25 | -13.0% | 5.8% | ||
| Q1 25 | -8.2% | 6.0% | ||
| Q4 24 | -17.6% | -0.4% | ||
| Q3 24 | -7.8% | -10.5% | ||
| Q2 24 | 0.9% | 8.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 4.7% | ||
| Q3 25 | 4.6% | 4.0% | ||
| Q2 25 | 5.8% | 4.2% | ||
| Q1 25 | 8.6% | 4.5% | ||
| Q4 24 | 8.5% | 3.6% | ||
| Q3 24 | 12.0% | 5.9% | ||
| Q2 24 | 5.3% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 5.86× | ||
| Q2 25 | -10.44× | 0.91× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | -0.66× | ||
| Q2 24 | — | 7.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
