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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $360.3M, roughly 1.4× Clearwater Paper Corp). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs -3.6%, a 4.0% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -4.7%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
CLW vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $490.7M |
| Net Profit | $-12.8M | $2.2M |
| Gross Margin | -0.2% | — |
| Operating Margin | — | 1.5% |
| Net Margin | -3.6% | 0.4% |
| Revenue YoY | -4.7% | 4.4% |
| Net Profit YoY | -103.2% | -21.2% |
| EPS (diluted) | — | $0.18 |
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 | — | ||
| Q3 25 | $399.0M | $490.7M | ||
| Q2 25 | $391.8M | $496.5M | ||
| Q1 25 | $378.2M | $492.9M | ||
| Q4 24 | $387.1M | $418.8M | ||
| Q3 24 | $393.3M | $470.0M | ||
| Q2 24 | $344.4M | $526.3M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $2.2M | ||
| Q2 25 | $2.7M | $5.2M | ||
| Q1 25 | $-6.3M | $2.5M | ||
| Q4 24 | $199.1M | $3.9M | ||
| Q3 24 | $5.8M | $2.7M | ||
| Q2 24 | $-25.8M | $7.7M |
| 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% | — | ||
| Q3 25 | -13.9% | 1.5% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | -1.1% | 1.6% | ||
| Q4 24 | -4.0% | 2.1% | ||
| Q3 24 | -0.3% | 1.7% | ||
| Q2 24 | -13.6% | 2.9% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | 0.4% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | -1.7% | 0.5% | ||
| Q4 24 | 51.4% | 0.9% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | -7.5% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | $0.18 | ||
| Q2 25 | $0.17 | $0.45 | ||
| Q1 25 | $-0.38 | $0.21 | ||
| Q4 24 | $11.87 | $0.33 | ||
| Q3 24 | $0.35 | $0.23 | ||
| Q2 24 | $-1.55 | $0.66 |
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 | $7.5M |
| Total DebtLower is stronger | $361.1M | $240.9M |
| Stockholders' EquityBook value | $813.8M | $579.1M |
| Total Assets | $1.6B | $1.1B |
| Debt / EquityLower = less leverage | 0.44× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $34.4M | $7.5M | ||
| Q2 25 | $46.7M | $14.8M | ||
| Q1 25 | $44.0M | $13.3M | ||
| Q4 24 | $79.6M | $11.9M | ||
| Q3 24 | $35.5M | $11.1M | ||
| Q2 24 | $39.6M | $9.4M |
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | — | ||
| Q3 25 | $337.0M | $240.9M | ||
| Q2 25 | $330.1M | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | $283.4M | $272.5M | ||
| Q3 24 | $1.2B | $197.3M | ||
| Q2 24 | $1.1B | $209.2M |
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | — | ||
| Q3 25 | $783.0M | $579.1M | ||
| Q2 25 | $836.8M | $578.2M | ||
| Q1 25 | $836.6M | $574.2M | ||
| Q4 24 | $854.6M | $573.9M | ||
| Q3 24 | $664.6M | $570.6M | ||
| Q2 24 | $658.6M | $569.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.5B | $1.0B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.43× | 0.42× | ||
| Q2 25 | 0.39× | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 0.33× | 0.47× | ||
| Q3 24 | 1.73× | 0.35× | ||
| Q2 24 | 1.74× | 0.37× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $34.0M | $-5.4M | ||
| Q2 25 | $-28.2M | $15.5M | ||
| Q1 25 | $1.5M | $49.4M | ||
| Q4 24 | $-35.1M | $14.6M | ||
| Q3 24 | $16.2M | $24.6M | ||
| Q2 24 | $21.1M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | — | ||
| Q3 25 | $15.7M | $-12.9M | ||
| Q2 25 | $-51.1M | $6.8M | ||
| Q1 25 | $-31.2M | $40.6M | ||
| Q4 24 | $-68.1M | $7.4M | ||
| Q3 24 | $-30.8M | $15.6M | ||
| Q2 24 | $3.0M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | 3.9% | -2.6% | ||
| Q2 25 | -13.0% | 1.4% | ||
| Q1 25 | -8.2% | 8.2% | ||
| Q4 24 | -17.6% | 1.8% | ||
| Q3 24 | -7.8% | 3.3% | ||
| Q2 24 | 0.9% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | 1.5% | ||
| Q2 25 | 5.8% | 1.7% | ||
| Q1 25 | 8.6% | 1.8% | ||
| Q4 24 | 8.5% | 1.7% | ||
| Q3 24 | 12.0% | 1.9% | ||
| Q2 24 | 5.3% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | -2.50× | ||
| Q2 25 | -10.44× | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | -0.18× | 3.75× | ||
| Q3 24 | 2.79× | 9.01× | ||
| Q2 24 | — | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLW
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
