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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
NCR Voyix Corp is the larger business by last-quarter revenue ($720.0M vs $360.3M, roughly 2.0× Clearwater Paper Corp). NCR Voyix Corp runs the higher net margin — 13.6% vs -3.6%, a 17.2% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 0.7%).
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.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
CLW vs VYX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $720.0M |
| Net Profit | $-12.8M | $98.0M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 2.4% |
| Net Margin | -3.6% | 13.6% |
| Revenue YoY | -4.7% | 6.2% |
| Net Profit YoY | -103.2% | 990.9% |
| EPS (diluted) | — | $0.64 |
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 | $720.0M | ||
| Q3 25 | $399.0M | $684.0M | ||
| Q2 25 | $391.8M | $666.0M | ||
| Q1 25 | $378.2M | $617.0M | ||
| Q4 24 | $387.1M | $678.0M | ||
| Q3 24 | $393.3M | $708.0M | ||
| Q2 24 | $344.4M | $722.0M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $98.0M | ||
| Q3 25 | $-53.3M | $-19.0M | ||
| Q2 25 | $2.7M | $0 | ||
| Q1 25 | $-6.3M | $-17.0M | ||
| Q4 24 | $199.1M | $-11.0M | ||
| Q3 24 | $5.8M | $1.1B | ||
| Q2 24 | $-25.8M | $-73.0M |
| 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% | 23.4% | ||
| Q2 24 | -0.6% | 17.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 2.4% | ||
| Q3 25 | -13.9% | 2.2% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | -1.1% | -3.2% | ||
| Q4 24 | -4.0% | -0.1% | ||
| Q3 24 | -0.3% | 2.3% | ||
| Q2 24 | -13.6% | -4.7% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 13.6% | ||
| Q3 25 | -13.4% | -2.8% | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -1.7% | -2.8% | ||
| Q4 24 | 51.4% | -1.6% | ||
| Q3 24 | 1.5% | 152.8% | ||
| Q2 24 | -7.5% | -10.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.64 | ||
| Q3 25 | $-3.30 | $-0.16 | ||
| Q2 25 | $0.17 | $-0.03 | ||
| Q1 25 | $-0.38 | $-0.15 | ||
| Q4 24 | $11.87 | $-0.05 | ||
| Q3 24 | $0.35 | $7.41 | ||
| Q2 24 | $-1.55 | $-0.53 |
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 | $231.0M |
| Total DebtLower is stronger | $361.1M | $1.1B |
| Stockholders' EquityBook value | $813.8M | $948.0M |
| Total Assets | $1.6B | $3.9B |
| Debt / EquityLower = less leverage | 0.44× | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $231.0M | ||
| Q3 25 | $34.4M | $282.0M | ||
| Q2 25 | $46.7M | $276.0M | ||
| Q1 25 | $44.0M | $573.0M | ||
| Q4 24 | $79.6M | $722.0M | ||
| Q3 24 | $35.5M | $792.0M | ||
| Q2 24 | $39.6M | $203.0M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $1.1B | ||
| Q3 25 | $337.0M | — | ||
| Q2 25 | $330.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.4M | $1.1B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $948.0M | ||
| Q3 25 | $783.0M | $848.0M | ||
| Q2 25 | $836.8M | $867.0M | ||
| Q1 25 | $836.6M | $857.0M | ||
| Q4 24 | $854.6M | $933.0M | ||
| Q3 24 | $664.6M | $1.0B | ||
| Q2 24 | $658.6M | $-85.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.9B | ||
| Q3 25 | $1.6B | $4.0B | ||
| Q2 25 | $1.6B | $4.0B | ||
| Q1 25 | $1.6B | $4.3B | ||
| Q4 24 | $1.7B | $4.5B | ||
| Q3 24 | $2.5B | $4.7B | ||
| Q2 24 | $2.5B | $4.8B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 1.17× | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.33× | 1.18× | ||
| 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 | — | $60.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $60.0M | ||
| Q3 25 | $34.0M | $14.0M | ||
| Q2 25 | $-28.2M | $-242.0M | ||
| Q1 25 | $1.5M | $-42.0M | ||
| Q4 24 | $-35.1M | $-170.0M | ||
| Q3 24 | $16.2M | $11.0M | ||
| Q2 24 | $21.1M | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | $10.0M | ||
| Q2 25 | $-51.1M | $-249.0M | ||
| Q1 25 | $-31.2M | $-50.0M | ||
| Q4 24 | $-68.1M | $-177.0M | ||
| Q3 24 | $-30.8M | $9.0M | ||
| Q2 24 | $3.0M | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | 1.5% | ||
| Q2 25 | -13.0% | -37.4% | ||
| Q1 25 | -8.2% | -8.1% | ||
| Q4 24 | -17.6% | -26.1% | ||
| Q3 24 | -7.8% | 1.3% | ||
| Q2 24 | 0.9% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | 0.6% | ||
| Q2 25 | 5.8% | 1.1% | ||
| Q1 25 | 8.6% | 1.3% | ||
| Q4 24 | 8.5% | 1.0% | ||
| Q3 24 | 12.0% | 0.3% | ||
| Q2 24 | 5.3% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | 0.01× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
