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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and WORKIVA INC (WK). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $247.3M, roughly 1.5× WORKIVA INC). WORKIVA INC runs the higher net margin — 7.7% vs -3.6%, a 11.2% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs -4.7%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
CLW vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $247.3M |
| Net Profit | $-12.8M | $19.0M |
| Gross Margin | -0.2% | 80.4% |
| Operating Margin | — | 25.8% |
| Net Margin | -3.6% | 7.7% |
| Revenue YoY | -4.7% | 19.9% |
| Net Profit YoY | -103.2% | — |
| EPS (diluted) | — | $0.33 |
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 | $247.3M | ||
| Q4 25 | $386.4M | $238.9M | ||
| Q3 25 | $399.0M | $224.2M | ||
| Q2 25 | $391.8M | $215.2M | ||
| Q1 25 | $378.2M | $206.3M | ||
| Q4 24 | $387.1M | $199.9M | ||
| Q3 24 | $393.3M | $185.6M | ||
| Q2 24 | $344.4M | $177.5M |
| Q1 26 | $-12.8M | $19.0M | ||
| Q4 25 | $38.3M | $11.8M | ||
| Q3 25 | $-53.3M | $2.8M | ||
| Q2 25 | $2.7M | $-19.4M | ||
| Q1 25 | $-6.3M | $-21.4M | ||
| Q4 24 | $199.1M | $-8.8M | ||
| Q3 24 | $5.8M | $-17.0M | ||
| Q2 24 | $-25.8M | $-17.5M |
| Q1 26 | -0.2% | 80.4% | ||
| Q4 25 | 4.5% | 80.7% | ||
| Q3 25 | 4.7% | 79.3% | ||
| Q2 25 | 11.0% | 77.0% | ||
| Q1 25 | 9.7% | 76.6% | ||
| Q4 24 | 3.8% | 77.1% | ||
| Q3 24 | 7.7% | 76.5% | ||
| Q2 24 | -0.6% | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 1.9% | 3.3% | ||
| Q3 25 | -13.9% | -1.5% | ||
| Q2 25 | 2.5% | -10.3% | ||
| Q1 25 | -1.1% | -12.0% | ||
| Q4 24 | -4.0% | -6.7% | ||
| Q3 24 | -0.3% | -11.7% | ||
| Q2 24 | -13.6% | -13.0% |
| Q1 26 | -3.6% | 7.7% | ||
| Q4 25 | 9.9% | 4.9% | ||
| Q3 25 | -13.4% | 1.2% | ||
| Q2 25 | 0.7% | -9.0% | ||
| Q1 25 | -1.7% | -10.4% | ||
| Q4 24 | 51.4% | -4.4% | ||
| Q3 24 | 1.5% | -9.2% | ||
| Q2 24 | -7.5% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $2.36 | $0.21 | ||
| Q3 25 | $-3.30 | $0.05 | ||
| Q2 25 | $0.17 | $-0.35 | ||
| Q1 25 | $-0.38 | $-0.38 | ||
| Q4 24 | $11.87 | $-0.15 | ||
| Q3 24 | $0.35 | $-0.31 | ||
| Q2 24 | $-1.55 | $-0.32 |
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 | $334.3M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | — |
| Total Assets | $1.6B | $1.4B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | $334.3M | ||
| Q4 25 | $30.7M | $338.8M | ||
| Q3 25 | $34.4M | $315.9M | ||
| Q2 25 | $46.7M | $284.3M | ||
| Q1 25 | $44.0M | $242.0M | ||
| Q4 24 | $79.6M | $301.8M | ||
| Q3 24 | $35.5M | $248.2M | ||
| Q2 24 | $39.6M | $267.9M |
| 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 | $-5.4M | ||
| Q3 25 | $783.0M | $-36.9M | ||
| Q2 25 | $836.8M | $-66.5M | ||
| Q1 25 | $836.6M | $-75.7M | ||
| Q4 24 | $854.6M | $-41.7M | ||
| Q3 24 | $664.6M | $-50.8M | ||
| Q2 24 | $658.6M | $-77.7M |
| Q1 26 | $1.6B | $1.4B | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.2B |
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $25.7M |
| FCF MarginFCF / Revenue | — | 10.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $51.0M | ||
| Q3 25 | $34.0M | $46.2M | ||
| Q2 25 | $-28.2M | $50.3M | ||
| Q1 25 | $1.5M | $-7.4M | ||
| Q4 24 | $-35.1M | $44.0M | ||
| Q3 24 | $16.2M | $18.9M | ||
| Q2 24 | $21.1M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $-9.9M | $50.7M | ||
| Q3 25 | $15.7M | $46.1M | ||
| Q2 25 | $-51.1M | $49.3M | ||
| Q1 25 | $-31.2M | $-8.1M | ||
| Q4 24 | $-68.1M | $43.2M | ||
| Q3 24 | $-30.8M | $18.7M | ||
| Q2 24 | $3.0M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | -2.6% | 21.2% | ||
| Q3 25 | 3.9% | 20.5% | ||
| Q2 25 | -13.0% | 22.9% | ||
| Q1 25 | -8.2% | -3.9% | ||
| Q4 24 | -17.6% | 21.6% | ||
| Q3 24 | -7.8% | 10.1% | ||
| Q2 24 | 0.9% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 4.6% | 0.0% | ||
| Q2 25 | 5.8% | 0.5% | ||
| Q1 25 | 8.6% | 0.4% | ||
| Q4 24 | 8.5% | 0.4% | ||
| Q3 24 | 12.0% | 0.1% | ||
| Q2 24 | 5.3% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
