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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $334.0M, roughly 1.1× WYNDHAM HOTELS & RESORTS, INC.). Clearwater Paper Corp runs the higher net margin — -3.6% vs -18.0%, a 14.4% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -76.3%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
CLW vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $334.0M |
| Net Profit | $-12.8M | $-60.0M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | — |
| Net Margin | -3.6% | -18.0% |
| Revenue YoY | -4.7% | -76.3% |
| Net Profit YoY | -103.2% | -170.6% |
| EPS (diluted) | — | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $386.4M | $334.0M | ||
| Q3 25 | $399.0M | $382.0M | ||
| Q2 25 | $391.8M | $397.0M | ||
| Q1 25 | $378.2M | $316.0M | ||
| Q4 24 | $387.1M | $336.0M | ||
| Q3 24 | $393.3M | $396.0M | ||
| Q2 24 | $344.4M | $367.0M |
| Q1 26 | $-12.8M | $-60.0M | ||
| Q4 25 | $38.3M | $-60.0M | ||
| Q3 25 | $-53.3M | $105.0M | ||
| Q2 25 | $2.7M | $87.0M | ||
| Q1 25 | $-6.3M | $61.0M | ||
| Q4 24 | $199.1M | $85.0M | ||
| Q3 24 | $5.8M | $102.0M | ||
| Q2 24 | $-25.8M | $86.0M |
| 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% | — | ||
| Q2 24 | -0.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -11.4% | ||
| Q3 25 | -13.9% | 46.6% | ||
| Q2 25 | 2.5% | 37.8% | ||
| Q1 25 | -1.1% | 35.4% | ||
| Q4 24 | -4.0% | 38.4% | ||
| Q3 24 | -0.3% | 43.2% | ||
| Q2 24 | -13.6% | 39.5% |
| Q1 26 | -3.6% | -18.0% | ||
| Q4 25 | 9.9% | -18.0% | ||
| Q3 25 | -13.4% | 27.5% | ||
| Q2 25 | 0.7% | 21.9% | ||
| Q1 25 | -1.7% | 19.3% | ||
| Q4 24 | 51.4% | 25.3% | ||
| Q3 24 | 1.5% | 25.8% | ||
| Q2 24 | -7.5% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $2.36 | $-0.77 | ||
| Q3 25 | $-3.30 | $1.36 | ||
| Q2 25 | $0.17 | $1.13 | ||
| Q1 25 | $-0.38 | $0.78 | ||
| Q4 24 | $11.87 | $1.06 | ||
| Q3 24 | $0.35 | $1.29 | ||
| Q2 24 | $-1.55 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $468.0M |
| Total Assets | $1.6B | $4.2B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | $64.0M | ||
| Q4 25 | $30.7M | $64.0M | ||
| Q3 25 | $34.4M | $70.0M | ||
| Q2 25 | $46.7M | $50.0M | ||
| Q1 25 | $44.0M | $48.0M | ||
| Q4 24 | $79.6M | $103.0M | ||
| Q3 24 | $35.5M | $72.0M | ||
| Q2 24 | $39.6M | $70.0M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $2.5B | ||
| Q3 25 | $337.0M | $2.6B | ||
| Q2 25 | $330.1M | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $283.4M | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.1B | $2.4B |
| Q1 26 | $813.8M | $468.0M | ||
| Q4 25 | $825.3M | $468.0M | ||
| Q3 25 | $783.0M | $583.0M | ||
| Q2 25 | $836.8M | $570.0M | ||
| Q1 25 | $836.6M | $579.0M | ||
| Q4 24 | $854.6M | $650.0M | ||
| Q3 24 | $664.6M | $583.0M | ||
| Q2 24 | $658.6M | $623.0M |
| Q1 26 | $1.6B | $4.2B | ||
| Q4 25 | $1.6B | $4.2B | ||
| Q3 25 | $1.6B | $4.3B | ||
| Q2 25 | $1.6B | $4.3B | ||
| Q1 25 | $1.6B | $4.2B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $2.5B | $4.2B | ||
| Q2 24 | $2.5B | $4.2B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 5.37× | ||
| Q3 25 | 0.43× | 4.43× | ||
| Q2 25 | 0.39× | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | 0.33× | 3.72× | ||
| Q3 24 | 1.73× | 4.19× | ||
| Q2 24 | 1.74× | 3.83× |
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 | — | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $5.0M | $152.0M | ||
| Q3 25 | $34.0M | $86.0M | ||
| Q2 25 | $-28.2M | $70.0M | ||
| Q1 25 | $1.5M | $59.0M | ||
| Q4 24 | $-35.1M | $134.0M | ||
| Q3 24 | $16.2M | $79.0M | ||
| Q2 24 | $21.1M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $-9.9M | $136.0M | ||
| Q3 25 | $15.7M | $75.0M | ||
| Q2 25 | $-51.1M | $58.0M | ||
| Q1 25 | $-31.2M | $52.0M | ||
| Q4 24 | $-68.1M | $109.0M | ||
| Q3 24 | $-30.8M | $71.0M | ||
| Q2 24 | $3.0M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | -2.6% | 40.7% | ||
| Q3 25 | 3.9% | 19.6% | ||
| Q2 25 | -13.0% | 14.6% | ||
| Q1 25 | -8.2% | 16.5% | ||
| Q4 24 | -17.6% | 32.4% | ||
| Q3 24 | -7.8% | 17.9% | ||
| Q2 24 | 0.9% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 4.8% | ||
| Q3 25 | 4.6% | 2.9% | ||
| Q2 25 | 5.8% | 3.0% | ||
| Q1 25 | 8.6% | 2.2% | ||
| Q4 24 | 8.5% | 7.4% | ||
| Q3 24 | 12.0% | 2.0% | ||
| Q2 24 | 5.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | -10.44× | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | -0.18× | 1.58× | ||
| Q3 24 | 2.79× | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
