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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $360.3M, roughly 1.4× Clearwater Paper Corp). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -3.6%, a 9.7% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs -4.7%). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
CLW vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $517.5M |
| Net Profit | $-12.8M | $31.8M |
| Gross Margin | -0.2% | 47.3% |
| Operating Margin | — | 9.7% |
| Net Margin | -3.6% | 6.1% |
| Revenue YoY | -4.7% | 25.5% |
| Net Profit YoY | -103.2% | 162.8% |
| EPS (diluted) | — | $0.37 |
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 | $517.5M | ||
| Q4 25 | $386.4M | — | ||
| Q3 25 | $399.0M | $470.3M | ||
| Q2 25 | $391.8M | $474.2M | ||
| Q1 25 | $378.2M | $412.3M | ||
| Q4 24 | $387.1M | $494.7M | ||
| Q3 24 | $393.3M | $440.2M | ||
| Q2 24 | $344.4M | $425.2M |
| Q1 26 | $-12.8M | $31.8M | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $25.1M | ||
| Q2 25 | $2.7M | $26.8M | ||
| Q1 25 | $-6.3M | $12.1M | ||
| Q4 24 | $199.1M | $23.1M | ||
| Q3 24 | $5.8M | $23.2M | ||
| Q2 24 | $-25.8M | $13.8M |
| Q1 26 | -0.2% | 47.3% | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | 47.5% | ||
| Q2 25 | 11.0% | 47.2% | ||
| Q1 25 | 9.7% | 47.2% | ||
| Q4 24 | 3.8% | 43.4% | ||
| Q3 24 | 7.7% | 45.1% | ||
| Q2 24 | -0.6% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -13.9% | 8.4% | ||
| Q2 25 | 2.5% | 8.6% | ||
| Q1 25 | -1.1% | 4.8% | ||
| Q4 24 | -4.0% | 7.4% | ||
| Q3 24 | -0.3% | 7.9% | ||
| Q2 24 | -13.6% | 6.8% |
| Q1 26 | -3.6% | 6.1% | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | 5.3% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | -1.7% | 2.9% | ||
| Q4 24 | 51.4% | 4.7% | ||
| Q3 24 | 1.5% | 5.3% | ||
| Q2 24 | -7.5% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | $0.30 | ||
| Q2 25 | $0.17 | $0.32 | ||
| Q1 25 | $-0.38 | $0.15 | ||
| Q4 24 | $11.87 | $0.29 | ||
| Q3 24 | $0.35 | $0.28 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.5M | — |
| Total DebtLower is stronger | $361.1M | $621.7M |
| Stockholders' EquityBook value | $813.8M | $408.0M |
| Total Assets | $1.6B | $1.7B |
| Debt / EquityLower = less leverage | 0.44× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | — | ||
| Q2 25 | $46.7M | — | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $39.6M | — |
| Q1 26 | $361.1M | $621.7M | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | $676.4M | ||
| Q2 25 | $330.1M | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | $283.4M | $648.0M | ||
| Q3 24 | $1.2B | $702.8M | ||
| Q2 24 | $1.1B | $814.7M |
| Q1 26 | $813.8M | $408.0M | ||
| Q4 25 | $825.3M | — | ||
| Q3 25 | $783.0M | $376.7M | ||
| Q2 25 | $836.8M | $344.0M | ||
| Q1 25 | $836.6M | $310.6M | ||
| Q4 24 | $854.6M | $312.9M | ||
| Q3 24 | $664.6M | $295.2M | ||
| Q2 24 | $658.6M | $262.1M |
| Q1 26 | $1.6B | $1.7B | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B |
| Q1 26 | 0.44× | 1.52× | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | 1.80× | ||
| Q2 25 | 0.39× | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | 0.33× | 2.07× | ||
| Q3 24 | 1.73× | 2.38× | ||
| Q2 24 | 1.74× | 3.11× |
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 | — | $146.2M |
| Free Cash FlowOCF − Capex | — | $145.6M |
| FCF MarginFCF / Revenue | — | 28.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $34.0M | $33.0M | ||
| Q2 25 | $-28.2M | $44.6M | ||
| Q1 25 | $1.5M | $-83.8M | ||
| Q4 24 | $-35.1M | $82.4M | ||
| Q3 24 | $16.2M | $108.2M | ||
| Q2 24 | $21.1M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | $30.1M | ||
| Q2 25 | $-51.1M | $41.2M | ||
| Q1 25 | $-31.2M | $-91.4M | ||
| Q4 24 | $-68.1M | $74.4M | ||
| Q3 24 | $-30.8M | $104.1M | ||
| Q2 24 | $3.0M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | 6.4% | ||
| Q2 25 | -13.0% | 8.7% | ||
| Q1 25 | -8.2% | -22.2% | ||
| Q4 24 | -17.6% | 15.0% | ||
| Q3 24 | -7.8% | 23.6% | ||
| Q2 24 | 0.9% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | 0.6% | ||
| Q2 25 | 5.8% | 0.7% | ||
| Q1 25 | 8.6% | 1.8% | ||
| Q4 24 | 8.5% | 1.6% | ||
| Q3 24 | 12.0% | 0.9% | ||
| Q2 24 | 5.3% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | -10.44× | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | -0.18× | 3.57× | ||
| Q3 24 | 2.79× | 4.66× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
