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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $207.0M, roughly 1.7× ONE Group Hospitality, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -3.6%, a 0.5% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
CLW vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $207.0M |
| Net Profit | $-12.8M | $-6.4M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 2.2% |
| Net Margin | -3.6% | -3.1% |
| Revenue YoY | -4.7% | -6.7% |
| Net Profit YoY | -103.2% | -531.8% |
| EPS (diluted) | — | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $399.0M | $180.2M | ||
| Q2 25 | $391.8M | $207.4M | ||
| Q1 25 | $378.2M | $211.1M | ||
| Q4 24 | $387.1M | $221.9M | ||
| Q3 24 | $393.3M | $194.0M | ||
| Q2 24 | $344.4M | $172.5M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-6.4M | ||
| Q3 25 | $-53.3M | $-76.7M | ||
| Q2 25 | $2.7M | $-10.1M | ||
| Q1 25 | $-6.3M | $975.0K | ||
| Q4 24 | $199.1M | $1.5M | ||
| Q3 24 | $5.8M | $-9.3M | ||
| Q2 24 | $-25.8M | $-7.3M |
| 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% | 2.2% | ||
| Q3 25 | -13.9% | -4.4% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | -1.1% | 5.1% | ||
| Q4 24 | -4.0% | 5.5% | ||
| Q3 24 | -0.3% | -1.9% | ||
| Q2 24 | -13.6% | 0.6% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -3.1% | ||
| Q3 25 | -13.4% | -42.6% | ||
| Q2 25 | 0.7% | -4.9% | ||
| Q1 25 | -1.7% | 0.5% | ||
| Q4 24 | 51.4% | 0.7% | ||
| Q3 24 | 1.5% | -4.8% | ||
| Q2 24 | -7.5% | -4.3% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.50 | ||
| Q3 25 | $-3.30 | $-2.75 | ||
| Q2 25 | $0.17 | $-0.59 | ||
| Q1 25 | $-0.38 | $-0.21 | ||
| Q4 24 | $11.87 | $-0.18 | ||
| Q3 24 | $0.35 | $-0.53 | ||
| Q2 24 | $-1.55 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | $361.1M | $354.2M |
| Stockholders' EquityBook value | $813.8M | $-75.8M |
| Total Assets | $1.6B | $884.2M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $4.2M | ||
| Q3 25 | $34.4M | $5.5M | ||
| Q2 25 | $46.7M | $4.7M | ||
| Q1 25 | $44.0M | $21.4M | ||
| Q4 24 | $79.6M | $27.6M | ||
| Q3 24 | $35.5M | $28.2M | ||
| Q2 24 | $39.6M | $32.2M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $354.2M | ||
| Q3 25 | $337.0M | $355.0M | ||
| Q2 25 | $330.1M | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $283.4M | $348.3M | ||
| Q3 24 | $1.2B | $349.1M | ||
| Q2 24 | $1.1B | $350.0M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $-75.8M | ||
| Q3 25 | $783.0M | $-61.5M | ||
| Q2 25 | $836.8M | $23.0M | ||
| Q1 25 | $836.6M | $40.5M | ||
| Q4 24 | $854.6M | $45.9M | ||
| Q3 24 | $664.6M | $51.4M | ||
| Q2 24 | $658.6M | $68.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $884.2M | ||
| Q3 25 | $1.6B | $879.5M | ||
| Q2 25 | $1.6B | $935.7M | ||
| Q1 25 | $1.6B | $956.0M | ||
| Q4 24 | $1.7B | $960.1M | ||
| Q3 24 | $2.5B | $953.5M | ||
| Q2 24 | $2.5B | $945.9M |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.39× | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 0.33× | 7.59× | ||
| Q3 24 | 1.73× | 6.79× | ||
| Q2 24 | 1.74× | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $13.1M | ||
| Q3 25 | $34.0M | $5.9M | ||
| Q2 25 | $-28.2M | $2.8M | ||
| Q1 25 | $1.5M | $8.5M | ||
| Q4 24 | $-35.1M | $18.5M | ||
| Q3 24 | $16.2M | $19.1M | ||
| Q2 24 | $21.1M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-329.0K | ||
| Q3 25 | $15.7M | $-6.1M | ||
| Q2 25 | $-51.1M | $-15.0M | ||
| Q1 25 | $-31.2M | $-5.8M | ||
| Q4 24 | $-68.1M | $733.0K | ||
| Q3 24 | $-30.8M | $287.0K | ||
| Q2 24 | $3.0M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -0.2% | ||
| Q3 25 | 3.9% | -3.4% | ||
| Q2 25 | -13.0% | -7.2% | ||
| Q1 25 | -8.2% | -2.7% | ||
| Q4 24 | -17.6% | 0.3% | ||
| Q3 24 | -7.8% | 0.1% | ||
| Q2 24 | 0.9% | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 6.5% | ||
| Q3 25 | 4.6% | 6.7% | ||
| Q2 25 | 5.8% | 8.6% | ||
| Q1 25 | 8.6% | 6.8% | ||
| Q4 24 | 8.5% | 8.0% | ||
| Q3 24 | 12.0% | 9.7% | ||
| Q2 24 | 5.3% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | -0.18× | 12.54× | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
