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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and TENNANT CO (TNC). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $291.6M, roughly 1.2× TENNANT CO). TENNANT CO runs the higher net margin — -1.5% vs -3.6%, a 2.0% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -11.3%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -3.2%).
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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
CLW vs TNC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $291.6M |
| Net Profit | $-12.8M | $-4.4M |
| Gross Margin | -0.2% | 34.6% |
| Operating Margin | — | -1.4% |
| Net Margin | -3.6% | -1.5% |
| Revenue YoY | -4.7% | -11.3% |
| Net Profit YoY | -103.2% | -166.7% |
| EPS (diluted) | — | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $399.0M | $303.3M | ||
| Q2 25 | $391.8M | $318.6M | ||
| Q1 25 | $378.2M | $290.0M | ||
| Q4 24 | $387.1M | $328.9M | ||
| Q3 24 | $393.3M | $315.8M | ||
| Q2 24 | $344.4M | $331.0M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-4.4M | ||
| Q3 25 | $-53.3M | $14.9M | ||
| Q2 25 | $2.7M | $20.2M | ||
| Q1 25 | $-6.3M | $13.1M | ||
| Q4 24 | $199.1M | $6.6M | ||
| Q3 24 | $5.8M | $20.8M | ||
| Q2 24 | $-25.8M | $27.9M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 34.6% | ||
| Q3 25 | 4.7% | 42.7% | ||
| Q2 25 | 11.0% | 42.1% | ||
| Q1 25 | 9.7% | 41.4% | ||
| Q4 24 | 3.8% | 41.3% | ||
| Q3 24 | 7.7% | 42.4% | ||
| Q2 24 | -0.6% | 43.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -1.4% | ||
| Q3 25 | -13.9% | 7.4% | ||
| Q2 25 | 2.5% | 9.6% | ||
| Q1 25 | -1.1% | 6.8% | ||
| Q4 24 | -4.0% | 2.3% | ||
| Q3 24 | -0.3% | 9.7% | ||
| Q2 24 | -13.6% | 11.7% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -1.5% | ||
| Q3 25 | -13.4% | 4.9% | ||
| Q2 25 | 0.7% | 6.3% | ||
| Q1 25 | -1.7% | 4.5% | ||
| Q4 24 | 51.4% | 2.0% | ||
| Q3 24 | 1.5% | 6.6% | ||
| Q2 24 | -7.5% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.21 | ||
| Q3 25 | $-3.30 | $0.80 | ||
| Q2 25 | $0.17 | $1.08 | ||
| Q1 25 | $-0.38 | $0.69 | ||
| Q4 24 | $11.87 | $0.35 | ||
| Q3 24 | $0.35 | $1.09 | ||
| Q2 24 | $-1.55 | $1.45 |
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 | $273.2M |
| Stockholders' EquityBook value | $813.8M | $601.6M |
| Total Assets | $1.6B | $1.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.45× |
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 | $273.2M | ||
| Q3 25 | $337.0M | $238.3M | ||
| Q2 25 | $330.1M | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | $283.4M | $198.2M | ||
| Q3 24 | $1.2B | $208.6M | ||
| Q2 24 | $1.1B | $205.6M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $601.6M | ||
| Q3 25 | $783.0M | $640.9M | ||
| Q2 25 | $836.8M | $651.9M | ||
| Q1 25 | $836.6M | $624.4M | ||
| Q4 24 | $854.6M | $620.8M | ||
| Q3 24 | $664.6M | $647.2M | ||
| Q2 24 | $658.6M | $624.6M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.45× | ||
| Q3 25 | 0.43× | 0.37× | ||
| Q2 25 | 0.39× | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 0.33× | 0.32× | ||
| Q3 24 | 1.73× | 0.32× | ||
| Q2 24 | 1.74× | 0.33× |
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 | — | $14.2M |
| Free Cash FlowOCF − Capex | — | $9.7M |
| FCF MarginFCF / Revenue | — | 3.3% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $14.2M | ||
| Q3 25 | $34.0M | $28.7M | ||
| Q2 25 | $-28.2M | $22.5M | ||
| Q1 25 | $1.5M | $-400.0K | ||
| Q4 24 | $-35.1M | $37.5M | ||
| Q3 24 | $16.2M | $30.7M | ||
| Q2 24 | $21.1M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $9.7M | ||
| Q3 25 | $15.7M | $22.3M | ||
| Q2 25 | $-51.1M | $18.7M | ||
| Q1 25 | $-31.2M | $-7.4M | ||
| Q4 24 | $-68.1M | $28.1M | ||
| Q3 24 | $-30.8M | $26.4M | ||
| Q2 24 | $3.0M | $14.4M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 3.3% | ||
| Q3 25 | 3.9% | 7.4% | ||
| Q2 25 | -13.0% | 5.9% | ||
| Q1 25 | -8.2% | -2.6% | ||
| Q4 24 | -17.6% | 8.5% | ||
| Q3 24 | -7.8% | 8.4% | ||
| Q2 24 | 0.9% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 1.5% | ||
| Q3 25 | 4.6% | 2.1% | ||
| Q2 25 | 5.8% | 1.2% | ||
| Q1 25 | 8.6% | 2.4% | ||
| Q4 24 | 8.5% | 2.9% | ||
| Q3 24 | 12.0% | 1.4% | ||
| Q2 24 | 5.3% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | -10.44× | 1.11× | ||
| Q1 25 | — | -0.03× | ||
| Q4 24 | -0.18× | 5.68× | ||
| Q3 24 | 2.79× | 1.48× | ||
| Q2 24 | — | 0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
