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Side-by-side financial comparison of Clearwater Paper Corp (CLW) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $360.3M, roughly 1.8× Clearwater Paper Corp). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -3.6%, a 4.0% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -4.7%). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
CLW vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.3M | $654.0M |
| Net Profit | $-12.8M | $3.0M |
| Gross Margin | -0.2% | 72.8% |
| Operating Margin | — | -1.7% |
| Net Margin | -3.6% | 0.5% |
| Revenue YoY | -4.7% | 18.1% |
| Net Profit YoY | -103.2% | 105.8% |
| EPS (diluted) | — | $0.01 |
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 | $654.0M | ||
| Q3 25 | $399.0M | $676.0M | ||
| Q2 25 | $391.8M | $655.0M | ||
| Q1 25 | $378.2M | $598.0M | ||
| Q4 24 | $387.1M | $554.0M | ||
| Q3 24 | $393.3M | $581.0M | ||
| Q2 24 | $344.4M | $572.0M |
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $3.0M | ||
| Q3 25 | $-53.3M | $10.0M | ||
| Q2 25 | $2.7M | $2.0M | ||
| Q1 25 | $-6.3M | $8.0M | ||
| Q4 24 | $199.1M | $-52.0M | ||
| Q3 24 | $5.8M | $-20.0M | ||
| Q2 24 | $-25.8M | $-17.0M |
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | 72.8% | ||
| Q3 25 | 4.7% | 72.6% | ||
| Q2 25 | 11.0% | 74.7% | ||
| Q1 25 | 9.7% | 76.8% | ||
| Q4 24 | 3.8% | 75.8% | ||
| Q3 24 | 7.7% | 75.9% | ||
| Q2 24 | -0.6% | 77.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -1.7% | ||
| Q3 25 | -13.9% | -0.4% | ||
| Q2 25 | 2.5% | -1.7% | ||
| Q1 25 | -1.1% | -1.5% | ||
| Q4 24 | -4.0% | -12.5% | ||
| Q3 24 | -0.3% | -7.7% | ||
| Q2 24 | -13.6% | -6.6% |
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | 0.5% | ||
| Q3 25 | -13.4% | 1.5% | ||
| Q2 25 | 0.7% | 0.3% | ||
| Q1 25 | -1.7% | 1.3% | ||
| Q4 24 | 51.4% | -9.4% | ||
| Q3 24 | 1.5% | -3.4% | ||
| Q2 24 | -7.5% | -3.0% |
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $0.01 | ||
| Q3 25 | $-3.30 | $0.04 | ||
| Q2 25 | $0.17 | $0.01 | ||
| Q1 25 | $-0.38 | $0.03 | ||
| Q4 24 | $11.87 | $-0.23 | ||
| Q3 24 | $0.35 | $-0.08 | ||
| Q2 24 | $-1.55 | $-0.07 |
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 | $768.0M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $813.8M | $4.9B |
| Total Assets | $1.6B | $5.7B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $768.0M | ||
| Q3 25 | $34.4M | $874.0M | ||
| Q2 25 | $46.7M | $587.0M | ||
| Q1 25 | $44.0M | $914.0M | ||
| Q4 24 | $79.6M | $1.1B | ||
| Q3 24 | $35.5M | $1.1B | ||
| Q2 24 | $39.6M | $1.2B |
| 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 | $4.9B | ||
| Q3 25 | $783.0M | $5.0B | ||
| Q2 25 | $836.8M | $4.7B | ||
| Q1 25 | $836.6M | $4.8B | ||
| Q4 24 | $854.6M | $4.8B | ||
| Q3 24 | $664.6M | $4.7B | ||
| Q2 24 | $658.6M | $4.5B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.7B | ||
| Q3 25 | $1.6B | $5.7B | ||
| Q2 25 | $1.6B | $5.4B | ||
| Q1 25 | $1.6B | $5.7B | ||
| Q4 24 | $1.7B | $5.8B | ||
| Q3 24 | $2.5B | $6.2B | ||
| Q2 24 | $2.5B | $6.6B |
| 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 | — | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $72.0M | ||
| Q3 25 | $34.0M | $105.0M | ||
| Q2 25 | $-28.2M | $87.0M | ||
| Q1 25 | $1.5M | $104.0M | ||
| Q4 24 | $-35.1M | $122.0M | ||
| Q3 24 | $16.2M | $171.0M | ||
| Q2 24 | $21.1M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $44.0M | ||
| Q3 25 | $15.7M | $73.0M | ||
| Q2 25 | $-51.1M | $50.0M | ||
| Q1 25 | $-31.2M | $68.0M | ||
| Q4 24 | $-68.1M | $88.0M | ||
| Q3 24 | $-30.8M | $138.0M | ||
| Q2 24 | $3.0M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 6.7% | ||
| Q3 25 | 3.9% | 10.8% | ||
| Q2 25 | -13.0% | 7.6% | ||
| Q1 25 | -8.2% | 11.4% | ||
| Q4 24 | -17.6% | 15.9% | ||
| Q3 24 | -7.8% | 23.8% | ||
| Q2 24 | 0.9% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 4.3% | ||
| Q3 25 | 4.6% | 4.7% | ||
| Q2 25 | 5.8% | 5.6% | ||
| Q1 25 | 8.6% | 6.0% | ||
| Q4 24 | 8.5% | 6.1% | ||
| Q3 24 | 12.0% | 5.7% | ||
| Q2 24 | 5.3% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | -10.44× | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| 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.
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
