Clearwater Paper Corp. (CLW)
NYSE · Paperboard Mills · Manufacturing · CIK 1441236 · fiscal year ends in Dec
Closing price $13.27 on 30 Oct 2026; 52-week range $12.44 to $23.31.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $1.5B
- Revenue growth
- -3.2%
- Net income, last twelve months
- $2.4M
- Earnings per share
- $0.16
- Gross margin
- 1.8%
- Operating margin
- -1.6%
- Net margin
- 0.2%
- Free cash flow
- $56.8M
- Return on equity
- 0.3%
- Market value
- $214.1M
- Price to earnings
- 82.9x
- Cash
- $35.7M
- Debt
- $567.4M
- Debt to equity
- 0.71
- Shares outstanding
- 16.1M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $1.6B | -$42.1M | -$18.6M | -$1.15 | -$76.5M | 10-K filed 18 Feb 2026 |
| FY2024 | 31 Dec 2024 | $1.4B | -$64.5M | $196.3M | $11.70 | -$55.2M | 10-K filed 24 Feb 2025 |
| FY2023 | 31 Dec 2023 | $1.1B | $78.1M | $107.7M | $6.30 | $117.0M | 10-K filed 20 Feb 2024 |
| FY2022 | 31 Dec 2022 | $1.2B | $99.3M | $46.0M | $2.68 | $116.7M | 10-K filed 14 Feb 2023 |
| FY2021 | 31 Dec 2021 | $1.8B | $12.0M | -$28.1M | -$1.67 | $58.0M | 10-K filed 15 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $384.9M | -$1.6M | -$0.10 |
| Q2 FY2026 | 30 Jun 2026 | $374.8M | -$21.5M | -$1.33 |
| Q1 FY2026 | 31 Mar 2026 | $360.3M | -$12.8M | -$0.80 |
| Q4 FY2025 | 31 Dec 2025 | $386.4M | $38.3M | $2.39 |
| Q3 FY2025 | 30 Sep 2025 | $399.0M | -$53.3M | -$3.30 |
| Q2 FY2025 | 30 Jun 2025 | $391.8M | $2.7M | $0.17 |
| Q1 FY2025 | 31 Mar 2025 | $378.2M | -$6.3M | -$0.38 |
| Q4 FY2024 | 31 Dec 2024 | $387.1M | $199.1M | $11.91 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Foodservice | $664.6M | 42.7% |
| Folding Carton | $578.9M | 37.2% |
| Other | $161.5M | 10.4% |
| Sheeting and Distribution | $150.4M | 9.7% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $1.4B | 91.2% |
| Non-US | $137.2M | 8.8% |
Company events
The newest 8-K filings of 197 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 26 Oct 2026 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
| 21 Sep 2026 | 8-K | Material agreement, Agreement ended, New debt, Investor update | 1.01, 1.02, 2.03, 7.01, 9.01 |
| 28 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 12 May 2026 | 8-K | Leadership change, Shareholder vote, Bylaws or fiscal year change | 5.02, 5.03, 5.07 |
| 28 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 18 Feb 2026 | 8-K | Results | 2.02 |
| 28 Oct 2025 | 8-K | Results, Leadership change | 2.02, 5.02 |
| 29 Jul 2025 | 8-K | Results | 2.02 |
| 21 May 2025 | 8-K | Leadership change | 5.02 |
| 12 May 2025 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 29 Apr 2025 | 8-K | Results | 2.02 |
| 4 Apr 2025 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 422 held.
| Filed | Form | Period |
|---|---|---|
| 26 Oct 2026 | 10-Q | 30 Sep 2026 |
| 26 Oct 2026 | 8-K | 22 Oct 2026 |
| 21 Sep 2026 | 8-K | 18 Sep 2026 |
| 28 Jul 2026 | 10-Q | 30 Jun 2026 |
| 28 Jul 2026 | 8-K | 28 Jul 2026 |
| 25 Jun 2026 | 11-K | 31 Dec 2025 |
| 25 Jun 2026 | 11-K | 31 Dec 2025 |
| 19 May 2026 | S-8 POS | – |
| 19 May 2026 | S-8 | – |
| 12 May 2026 | 8-K | 7 May 2026 |
| 28 Apr 2026 | 10-Q | 31 Mar 2026 |
| 28 Apr 2026 | 8-K | 28 Apr 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 28 Nov 2025 | Bowden Steve M, Sr. V.P. | Sale under a trading plan | 8,889 | $18.14 | $161.2K | 68,516 | 2 Dec 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 17 Mar 2026 | Moyes Kari G., Officer | 1,778 | $23.7K | 17 Mar 2026 |
| 28 Nov 2025 | Bowden Steve M, Officer | 8,889 | $161.3K | 28 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Gate City Capital Management, LLC | 13G | 5.8% | 938.5K |
| 14 Jul 2026 | Dimensional Fund Advisors LP | 13G amended | 6.6% | 1.1M |
| 24 Apr 2026 | BlackRock, Inc. | 13G amended | 7.1% | 1.1M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 13 Feb 2026 | Southeastern Asset Management, Inc. | 13G amended | 8.6% | 1.4M |
| 21 Jan 2026 | BlackRock, Inc. | 13G amended | 8.6% | 1.4M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 631.4K | +0.71% | 5.29 |
| 30 Sep 2026 | 627.0K | -8.31% | 4.47 |
| 15 Sep 2026 | 683.8K | +9.66% | 5.77 |
| 31 Aug 2026 | 623.6K | +10.7% | 3.82 |
| 14 Aug 2026 | 563.3K | -9.71% | 3.22 |
| 31 Jul 2026 | 623.9K | -20.37% | 2.23 |
| 15 Jul 2026 | 783.5K | -13.96% | 6.16 |
| 30 Jun 2026 | 910.6K | -4.21% | 4.15 |
Funds that hold it
From each fund's latest Form 13F.
150 funds held it at 30 Jun 2026: 85 added and 31 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Southeastern Asset Management Inc. | 1,539,556 | $24.1M | +14,065 |
| BlackRock, Inc. | 1,262,006 | $19.8M | +41,313 |
| Dimensional Fund Advisors LP | 1,062,406 | $16.7M | -223,296 |
| Gate City Capital Management, LLC | 938,496 | $14.7M | +938,496 |
| Readystate Asset Management LP | 781,384 | $12.3M | 0 |
| Vanguard Capital Management LLC | 694,944 | $10.9M | +14,554 |
| JPMorgan Chase & Co. | 453,652 | $7.3M | +155,103 |
| AQR Capital Management LLC | 420,773 | $6.6M | +242,479 |
| Invenomic Capital Management LP | 420,419 | $6.6M | +116,269 |
| Geode Capital Management, LLC | 404,311 | $6.3M | +13,662 |