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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $213.6M, roughly 1.7× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -3.6%, a 11.2% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -4.7%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
CLW vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $213.6M |
| Net Profit | $-12.8M | $16.3M |
| Gross Margin | -0.2% | 35.8% |
| Operating Margin | — | 10.0% |
| Net Margin | -3.6% | 7.6% |
| Revenue YoY | -4.7% | 28.7% |
| Net Profit YoY | -103.2% | 54.3% |
| EPS (diluted) | — | $0.35 |
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 | $213.6M | ||
| Q3 25 | $399.0M | $198.9M | ||
| Q2 25 | $391.8M | $184.8M | ||
| Q1 25 | $378.2M | $162.2M | ||
| Q4 24 | $387.1M | $166.0M | ||
| Q3 24 | $393.3M | $145.0M | ||
| Q2 24 | $344.4M | $147.4M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $16.3M | ||
| Q3 25 | $-53.3M | $16.4M | ||
| Q2 25 | $2.7M | $16.6M | ||
| Q1 25 | $-6.3M | $16.9M | ||
| Q4 24 | $199.1M | $10.6M | ||
| Q3 24 | $5.8M | $7.4M | ||
| Q2 24 | $-25.8M | $16.3M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 35.8% | ||
| Q3 25 | 4.7% | 37.7% | ||
| Q2 25 | 11.0% | 38.9% | ||
| Q1 25 | 9.7% | 38.5% | ||
| Q4 24 | 3.8% | 36.1% | ||
| Q3 24 | 7.7% | 36.9% | ||
| Q2 24 | -0.6% | 39.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 10.0% | ||
| Q3 25 | -13.9% | 10.8% | ||
| Q2 25 | 2.5% | 12.9% | ||
| Q1 25 | -1.1% | 13.4% | ||
| Q4 24 | -4.0% | 7.8% | ||
| Q3 24 | -0.3% | 6.4% | ||
| Q2 24 | -13.6% | 11.6% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 7.6% | ||
| Q3 25 | -13.4% | 8.3% | ||
| Q2 25 | 0.7% | 9.0% | ||
| Q1 25 | -1.7% | 10.4% | ||
| Q4 24 | 51.4% | 6.4% | ||
| Q3 24 | 1.5% | 5.1% | ||
| Q2 24 | -7.5% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.35 | ||
| Q3 25 | $-3.30 | $0.36 | ||
| Q2 25 | $0.17 | $0.36 | ||
| Q1 25 | $-0.38 | $0.37 | ||
| Q4 24 | $11.87 | $0.23 | ||
| Q3 24 | $0.35 | $0.16 | ||
| Q2 24 | $-1.55 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $351.3M |
| Total Assets | $1.6B | $518.7M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $48.8M | ||
| Q3 25 | $34.4M | $93.8M | ||
| Q2 25 | $46.7M | $108.2M | ||
| Q1 25 | $44.0M | $156.3M | ||
| Q4 24 | $79.6M | $150.6M | ||
| Q3 24 | $35.5M | $149.5M | ||
| Q2 24 | $39.6M | $133.2M |
| 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 | $351.3M | ||
| Q3 25 | $783.0M | $331.2M | ||
| Q2 25 | $836.8M | $309.8M | ||
| Q1 25 | $836.6M | $288.9M | ||
| Q4 24 | $854.6M | $269.3M | ||
| Q3 24 | $664.6M | $253.4M | ||
| Q2 24 | $658.6M | $238.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $518.7M | ||
| Q3 25 | $1.6B | $481.5M | ||
| Q2 25 | $1.6B | $430.8M | ||
| Q1 25 | $1.6B | $376.9M | ||
| Q4 24 | $1.7B | $359.3M | ||
| Q3 24 | $2.5B | $344.7M | ||
| Q2 24 | $2.5B | $320.5M |
| 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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $5.8M | ||
| Q3 25 | $34.0M | $23.4M | ||
| Q2 25 | $-28.2M | $-761.0K | ||
| Q1 25 | $1.5M | $5.3M | ||
| Q4 24 | $-35.1M | $14.8M | ||
| Q3 24 | $16.2M | $10.0M | ||
| Q2 24 | $21.1M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $-32.1M | ||
| Q3 25 | $15.7M | $-10.6M | ||
| Q2 25 | $-51.1M | $-7.6M | ||
| Q1 25 | $-31.2M | $2.1M | ||
| Q4 24 | $-68.1M | $-3.4M | ||
| Q3 24 | $-30.8M | $6.4M | ||
| Q2 24 | $3.0M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | -15.1% | ||
| Q3 25 | 3.9% | -5.3% | ||
| Q2 25 | -13.0% | -4.1% | ||
| Q1 25 | -8.2% | 1.3% | ||
| Q4 24 | -17.6% | -2.0% | ||
| Q3 24 | -7.8% | 4.4% | ||
| Q2 24 | 0.9% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 17.8% | ||
| Q3 25 | 4.6% | 17.1% | ||
| Q2 25 | 5.8% | 3.7% | ||
| Q1 25 | 8.6% | 1.9% | ||
| Q4 24 | 8.5% | 10.9% | ||
| Q3 24 | 12.0% | 2.5% | ||
| Q2 24 | 5.3% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | -10.44× | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | -0.18× | 1.40× | ||
| Q3 24 | 2.79× | 1.34× | ||
| Q2 24 | — | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
