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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.

TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $360.3M, roughly 1.1× Clearwater Paper Corp). Clearwater Paper Corp runs the higher net margin — -3.6% vs -9.2%, a 5.7% gap on every dollar of revenue. On growth, TripAdvisor, Inc. posted the faster year-over-year revenue change (0.0% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 2.0%).

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.

Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

CLW vs TRIP — Head-to-Head

Bigger by revenue
TRIP
TRIP
1.1× larger
TRIP
$411.0M
$360.3M
CLW
Growing faster (revenue YoY)
TRIP
TRIP
+4.7% gap
TRIP
0.0%
-4.7%
CLW
Higher net margin
CLW
CLW
5.7% more per $
CLW
-3.6%
-9.2%
TRIP
Faster 2-yr revenue CAGR
CLW
CLW
Annualised
CLW
2.3%
2.0%
TRIP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLW
CLW
TRIP
TRIP
Revenue
$360.3M
$411.0M
Net Profit
$-12.8M
$-38.0M
Gross Margin
-0.2%
91.5%
Operating Margin
-8.3%
Net Margin
-3.6%
-9.2%
Revenue YoY
-4.7%
0.0%
Net Profit YoY
-103.2%
-3900.0%
EPS (diluted)
$-0.32

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
TRIP
TRIP
Q1 26
$360.3M
Q4 25
$386.4M
$411.0M
Q3 25
$399.0M
$553.0M
Q2 25
$391.8M
$529.0M
Q1 25
$378.2M
$398.0M
Q4 24
$387.1M
$411.0M
Q3 24
$393.3M
$532.0M
Q2 24
$344.4M
$497.0M
Net Profit
CLW
CLW
TRIP
TRIP
Q1 26
$-12.8M
Q4 25
$38.3M
$-38.0M
Q3 25
$-53.3M
$53.0M
Q2 25
$2.7M
$36.0M
Q1 25
$-6.3M
$-11.0M
Q4 24
$199.1M
$1.0M
Q3 24
$5.8M
$39.0M
Q2 24
$-25.8M
$24.0M
Gross Margin
CLW
CLW
TRIP
TRIP
Q1 26
-0.2%
Q4 25
4.5%
91.5%
Q3 25
4.7%
92.6%
Q2 25
11.0%
92.1%
Q1 25
9.7%
93.2%
Q4 24
3.8%
93.4%
Q3 24
7.7%
92.5%
Q2 24
-0.6%
92.8%
Operating Margin
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
1.9%
-8.3%
Q3 25
-13.9%
12.7%
Q2 25
2.5%
11.2%
Q1 25
-1.1%
-3.8%
Q4 24
-4.0%
0.2%
Q3 24
-0.3%
13.2%
Q2 24
-13.6%
7.2%
Net Margin
CLW
CLW
TRIP
TRIP
Q1 26
-3.6%
Q4 25
9.9%
-9.2%
Q3 25
-13.4%
9.6%
Q2 25
0.7%
6.8%
Q1 25
-1.7%
-2.8%
Q4 24
51.4%
0.2%
Q3 24
1.5%
7.3%
Q2 24
-7.5%
4.8%
EPS (diluted)
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
$2.36
$-0.32
Q3 25
$-3.30
$0.43
Q2 25
$0.17
$0.28
Q1 25
$-0.38
$-0.08
Q4 24
$11.87
$0.03
Q3 24
$0.35
$0.27
Q2 24
$-1.55
$0.17

Balance Sheet & Financial Strength

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

Metric
CLW
CLW
TRIP
TRIP
Cash + ST InvestmentsLiquidity on hand
$36.5M
$1.0B
Total DebtLower is stronger
$361.1M
$819.0M
Stockholders' EquityBook value
$813.8M
$645.0M
Total Assets
$1.6B
$2.6B
Debt / EquityLower = less leverage
0.44×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLW
CLW
TRIP
TRIP
Q1 26
$36.5M
Q4 25
$30.7M
$1.0B
Q3 25
$34.4M
$1.2B
Q2 25
$46.7M
$1.2B
Q1 25
$44.0M
$1.2B
Q4 24
$79.6M
$1.1B
Q3 24
$35.5M
$1.1B
Q2 24
$39.6M
$1.2B
Total Debt
CLW
CLW
TRIP
TRIP
Q1 26
$361.1M
Q4 25
$346.8M
$819.0M
Q3 25
$337.0M
$821.0M
Q2 25
$330.1M
$822.0M
Q1 25
$1.2B
Q4 24
$283.4M
$831.0M
Q3 24
$1.2B
$832.0M
Q2 24
$1.1B
Stockholders' Equity
CLW
CLW
TRIP
TRIP
Q1 26
$813.8M
Q4 25
$825.3M
$645.0M
Q3 25
$783.0M
$707.0M
Q2 25
$836.8M
$627.0M
Q1 25
$836.6M
$643.0M
Q4 24
$854.6M
$943.0M
Q3 24
$664.6M
$944.0M
Q2 24
$658.6M
$857.0M
Total Assets
CLW
CLW
TRIP
TRIP
Q1 26
$1.6B
Q4 25
$1.6B
$2.6B
Q3 25
$1.6B
$2.8B
Q2 25
$1.6B
$2.9B
Q1 25
$1.6B
$2.8B
Q4 24
$1.7B
$2.6B
Q3 24
$2.5B
$2.7B
Q2 24
$2.5B
$2.8B
Debt / Equity
CLW
CLW
TRIP
TRIP
Q1 26
0.44×
Q4 25
0.42×
1.27×
Q3 25
0.43×
1.16×
Q2 25
0.39×
1.31×
Q1 25
1.81×
Q4 24
0.33×
0.88×
Q3 24
1.73×
0.88×
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
CLW
CLW
TRIP
TRIP
Operating Cash FlowLast quarter
$-103.0M
Free Cash FlowOCF − Capex
$-122.0M
FCF MarginFCF / Revenue
-29.7%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$163.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
$5.0M
$-103.0M
Q3 25
$34.0M
$44.0M
Q2 25
$-28.2M
$202.0M
Q1 25
$1.5M
$102.0M
Q4 24
$-35.1M
$-3.0M
Q3 24
$16.2M
$-43.0M
Q2 24
$21.1M
$51.0M
Free Cash Flow
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
$-9.9M
$-122.0M
Q3 25
$15.7M
$25.0M
Q2 25
$-51.1M
$177.0M
Q1 25
$-31.2M
$83.0M
Q4 24
$-68.1M
$-26.0M
Q3 24
$-30.8M
$-63.0M
Q2 24
$3.0M
$36.0M
FCF Margin
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
-2.6%
-29.7%
Q3 25
3.9%
4.5%
Q2 25
-13.0%
33.5%
Q1 25
-8.2%
20.9%
Q4 24
-17.6%
-6.3%
Q3 24
-7.8%
-11.8%
Q2 24
0.9%
7.2%
Capex Intensity
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
3.9%
4.6%
Q3 25
4.6%
3.4%
Q2 25
5.8%
4.7%
Q1 25
8.6%
4.8%
Q4 24
8.5%
5.6%
Q3 24
12.0%
3.8%
Q2 24
5.3%
3.0%
Cash Conversion
CLW
CLW
TRIP
TRIP
Q1 26
Q4 25
0.13×
Q3 25
0.83×
Q2 25
-10.44×
5.61×
Q1 25
Q4 24
-0.18×
-3.00×
Q3 24
2.79×
-1.10×
Q2 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLW
CLW

Segment breakdown not available.

TRIP
TRIP

Third Party$327.0M80%
The Fork$58.0M14%
Other$26.0M6%

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