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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Trip.com Group Ltd (TCOM). Click either name above to swap in a different company.

Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $304.6M, roughly 1.2× Trip.com Group Ltd). Trip.com Group Ltd runs the higher net margin — 27.8% vs -3.6%, a 31.3% 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.

Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.

CLW vs TCOM — Head-to-Head

Bigger by revenue
CLW
CLW
1.2× larger
CLW
$360.3M
$304.6M
TCOM
Higher net margin
TCOM
TCOM
31.3% more per $
TCOM
27.8%
-3.6%
CLW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
TCOM
TCOM
Revenue
$360.3M
$304.6M
Net Profit
$-12.8M
$84.6M
Gross Margin
-0.2%
78.8%
Operating Margin
16.5%
Net Margin
-3.6%
27.8%
Revenue YoY
-4.7%
Net Profit YoY
-103.2%
EPS (diluted)
$0.12

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
TCOM
TCOM
Q1 26
$360.3M
Q4 25
$386.4M
$304.6M
Q3 25
$399.0M
Q2 25
$391.8M
Q1 25
$378.2M
Q4 24
$387.1M
Q3 24
$393.3M
Q2 24
$344.4M
$242.7M
Net Profit
CLW
CLW
TCOM
TCOM
Q1 26
$-12.8M
Q4 25
$38.3M
$84.6M
Q3 25
$-53.3M
Q2 25
$2.7M
Q1 25
$-6.3M
Q4 24
$199.1M
Q3 24
$5.8M
Q2 24
$-25.8M
$73.8M
Gross Margin
CLW
CLW
TCOM
TCOM
Q1 26
-0.2%
Q4 25
4.5%
78.8%
Q3 25
4.7%
Q2 25
11.0%
Q1 25
9.7%
Q4 24
3.8%
Q3 24
7.7%
Q2 24
-0.6%
81.8%
Operating Margin
CLW
CLW
TCOM
TCOM
Q1 26
Q4 25
1.9%
16.5%
Q3 25
-13.9%
Q2 25
2.5%
Q1 25
-1.1%
Q4 24
-4.0%
Q3 24
-0.3%
Q2 24
-13.6%
27.8%
Net Margin
CLW
CLW
TCOM
TCOM
Q1 26
-3.6%
Q4 25
9.9%
27.8%
Q3 25
-13.4%
Q2 25
0.7%
Q1 25
-1.7%
Q4 24
51.4%
Q3 24
1.5%
Q2 24
-7.5%
30.4%
EPS (diluted)
CLW
CLW
TCOM
TCOM
Q1 26
Q4 25
$2.36
$0.12
Q3 25
$-3.30
Q2 25
$0.17
Q1 25
$-0.38
Q4 24
$11.87
Q3 24
$0.35
Q2 24
$-1.55
$0.11

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
TCOM
TCOM
Cash + ST InvestmentsLiquidity on hand
$36.5M
$10.8B
Total DebtLower is stronger
$361.1M
$4.2B
Stockholders' EquityBook value
$813.8M
$23.8B
Total Assets
$1.6B
$36.9B
Debt / EquityLower = less leverage
0.44×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
TCOM
TCOM
Q1 26
$36.5M
Q4 25
$30.7M
$10.8B
Q3 25
$34.4M
Q2 25
$46.7M
Q1 25
$44.0M
Q4 24
$79.6M
Q3 24
$35.5M
Q2 24
$39.6M
$12.4B
Total Debt
CLW
CLW
TCOM
TCOM
Q1 26
$361.1M
Q4 25
$346.8M
$4.2B
Q3 25
$337.0M
Q2 25
$330.1M
Q1 25
Q4 24
$283.4M
Q3 24
$1.2B
Q2 24
$1.1B
$8.2B
Stockholders' Equity
CLW
CLW
TCOM
TCOM
Q1 26
$813.8M
Q4 25
$825.3M
$23.8B
Q3 25
$783.0M
Q2 25
$836.8M
Q1 25
$836.6M
Q4 24
$854.6M
Q3 24
$664.6M
Q2 24
$658.6M
$18.1B
Total Assets
CLW
CLW
TCOM
TCOM
Q1 26
$1.6B
Q4 25
$1.6B
$36.9B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$2.5B
Q2 24
$2.5B
$34.2B
Debt / Equity
CLW
CLW
TCOM
TCOM
Q1 26
0.44×
Q4 25
0.42×
0.18×
Q3 25
0.43×
Q2 25
0.39×
Q1 25
Q4 24
0.33×
Q3 24
1.73×
Q2 24
1.74×
0.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

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