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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $360.3M, roughly 1.1× Clearwater Paper Corp). Zeta Global Holdings Corp. runs the higher net margin — 1.7% vs -3.6%, a 5.2% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs -4.7%). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
CLW vs ZETA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $394.6M |
| Net Profit | $-12.8M | $6.5M |
| Gross Margin | -0.2% | 59.5% |
| Operating Margin | — | 4.5% |
| Net Margin | -3.6% | 1.7% |
| Revenue YoY | -4.7% | 25.4% |
| Net Profit YoY | -103.2% | -57.1% |
| EPS (diluted) | — | $0.04 |
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 | $394.6M | ||
| Q3 25 | $399.0M | $337.2M | ||
| Q2 25 | $391.8M | $308.4M | ||
| Q1 25 | $378.2M | $264.4M | ||
| Q4 24 | $387.1M | $314.7M | ||
| Q3 24 | $393.3M | $268.3M | ||
| Q2 24 | $344.4M | $227.8M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $6.5M | ||
| Q3 25 | $-53.3M | $-3.6M | ||
| Q2 25 | $2.7M | $-12.8M | ||
| Q1 25 | $-6.3M | $-21.6M | ||
| Q4 24 | $199.1M | $15.2M | ||
| Q3 24 | $5.8M | $-17.4M | ||
| Q2 24 | $-25.8M | $-28.1M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 59.5% | ||
| Q3 25 | 4.7% | 60.5% | ||
| Q2 25 | 11.0% | 62.1% | ||
| Q1 25 | 9.7% | 60.9% | ||
| Q4 24 | 3.8% | 60.0% | ||
| Q3 24 | 7.7% | 60.6% | ||
| Q2 24 | -0.6% | 60.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 4.5% | ||
| Q3 25 | -13.9% | 2.6% | ||
| Q2 25 | 2.5% | -1.7% | ||
| Q1 25 | -1.1% | -6.1% | ||
| Q4 24 | -4.0% | 2.2% | ||
| Q3 24 | -0.3% | -4.6% | ||
| Q2 24 | -13.6% | -11.7% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 1.7% | ||
| Q3 25 | -13.4% | -1.1% | ||
| Q2 25 | 0.7% | -4.2% | ||
| Q1 25 | -1.7% | -8.2% | ||
| Q4 24 | 51.4% | 4.8% | ||
| Q3 24 | 1.5% | -6.5% | ||
| Q2 24 | -7.5% | -12.3% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.04 | ||
| Q3 25 | $-3.30 | $-0.02 | ||
| Q2 25 | $0.17 | $-0.06 | ||
| Q1 25 | $-0.38 | $-0.10 | ||
| Q4 24 | $11.87 | $0.10 | ||
| Q3 24 | $0.35 | $-0.09 | ||
| Q2 24 | $-1.55 | $-0.16 |
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 | $319.8M |
| Total DebtLower is stronger | $361.1M | $197.1M |
| Stockholders' EquityBook value | $813.8M | $804.6M |
| Total Assets | $1.6B | $1.5B |
| Debt / EquityLower = less leverage | 0.44× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $319.8M | ||
| Q3 25 | $34.4M | $385.2M | ||
| Q2 25 | $46.7M | $365.3M | ||
| Q1 25 | $44.0M | $364.4M | ||
| Q4 24 | $79.6M | $366.2M | ||
| Q3 24 | $35.5M | $418.5M | ||
| Q2 24 | $39.6M | $154.7M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $197.1M | ||
| Q3 25 | $337.0M | $196.9M | ||
| Q2 25 | $330.1M | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | $283.4M | $196.3M | ||
| Q3 24 | $1.2B | $196.1M | ||
| Q2 24 | $1.1B | $184.4M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $804.6M | ||
| Q3 25 | $783.0M | $689.2M | ||
| Q2 25 | $836.8M | $673.3M | ||
| Q1 25 | $836.6M | $676.6M | ||
| Q4 24 | $854.6M | $676.8M | ||
| Q3 24 | $664.6M | $474.9M | ||
| Q2 24 | $658.6M | $217.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $2.5B | $869.1M | ||
| Q2 24 | $2.5B | $583.9M |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.24× | ||
| Q3 25 | 0.43× | 0.29× | ||
| Q2 25 | 0.39× | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 0.33× | 0.29× | ||
| Q3 24 | 1.73× | 0.41× | ||
| Q2 24 | 1.74× | 0.85× |
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 | — | $64.1M |
| Free Cash FlowOCF − Capex | — | $60.9M |
| FCF MarginFCF / Revenue | — | 15.4% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $64.1M | ||
| Q3 25 | $34.0M | $57.9M | ||
| Q2 25 | $-28.2M | $42.0M | ||
| Q1 25 | $1.5M | $34.8M | ||
| Q4 24 | $-35.1M | $43.7M | ||
| Q3 24 | $16.2M | $34.4M | ||
| Q2 24 | $21.1M | $31.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $60.9M | ||
| Q3 25 | $15.7M | $52.4M | ||
| Q2 25 | $-51.1M | $39.7M | ||
| Q1 25 | $-31.2M | $32.1M | ||
| Q4 24 | $-68.1M | $35.4M | ||
| Q3 24 | $-30.8M | $29.5M | ||
| Q2 24 | $3.0M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 15.4% | ||
| Q3 25 | 3.9% | 15.6% | ||
| Q2 25 | -13.0% | 12.9% | ||
| Q1 25 | -8.2% | 12.1% | ||
| Q4 24 | -17.6% | 11.3% | ||
| Q3 24 | -7.8% | 11.0% | ||
| Q2 24 | 0.9% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.8% | ||
| Q3 25 | 4.6% | 1.6% | ||
| Q2 25 | 5.8% | 0.8% | ||
| Q1 25 | 8.6% | 1.0% | ||
| Q4 24 | 8.5% | 2.6% | ||
| Q3 24 | 12.0% | 1.8% | ||
| Q2 24 | 5.3% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 9.81× | ||
| Q3 25 | — | — | ||
| Q2 25 | -10.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | 2.87× | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
