Clearwater Paper Corporation

Clearwater Paper Corporation

CLW
Clearwater Paper CorporationUS flagNew York Stock Exchange
19.81
USD
+0.36
- -
319.49MMarket Cap
Clearwater Paper Corporation
CLW
(New York Stock Exchange)

Recent

price

19.81

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
59.83
84.14
80.45
85.59
97.72
93.4
102.04
105.1
104.58
106.54
112.78
105.72
70.36
67.37
82.45
96.2
94.46
Revenue per Share
3.22
1.73
2.75
4.84
-0.12
2.98
2.91
5.91
-8.72
-0.34
4.65
-1.68
2.71
6.39
11.7
-1.15
-3.06
Basic EPS, GAAP
6.08
-2.87
-0.22
2.07
2.29
1.64
1.02
-1.28
-7.69
-5.11
12.52
3.46
6.87
6.94
-3.29
-4.73
3.52
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
20.4
21.3
23.53
28.7
25.44
26.66
28.5
34.99
25.87
26.16
31.44
30.66
34.13
40.57
51.96
51.46
49.25
Book Value per Share
7.95
9.03
11.47
15.88
13.47
13.8
11.23
18.16
22.28
23.01
28.5
30.66
34.13
38.05
48.74
51.33
49.25
Tangible Book Value per Share
23
23
23
22
20
19
17
16
16
17
17
17
17
17
17
16
16
Basic Weighted Avg Shares
1,373
1,928
1,874
1,890
1,967
1,752
1,735
1,730
1,724
1,762
1,869
1,773
1,195
1,136
1,384
1,555
1,520
Sales/Revenue/Turnover
7.19
5.99
7.76
5.26
6.52
7.06
6.51
5.21
4.71
2.74
8.93
3.97
8.44
7.05
-2.96
0.78
-4.04
Operating Margin (%)
48
77
79
90
90
85
91
105
102
116
111
105
41
41
70
92
94
Depreciation Expense
74
40
64
107
-2
56
50
97
-144
-6
77
-28
46
108
196
-19
-49
Net Income, GAAP
3.14
44.06
42.53
- -
114.25
39.47
38.57
- -
- -
- -
21.49
- -
35.65
25.76
- -
- -
- -
Effective Tax Rate (%)
5.38
2.06
3.42
5.66
-0.12
3.19
2.86
5.62
-8.34
-0.32
4.13
-1.59
3.85
9.48
14.19
-1.2
-3.24
Profit Margin (%)
394
391
294
376
302
199
80
34
-5
185
230
233
274
278
225
310
300
Working Capital
538
549
549
675
593
593
593
597
693
950
716
638
565
440
282
346
360
LT Debt
468
485
541
605
498
475
470
575
426
432
521
512
572
669
854
825
794
Total Equity
12.42
6.25
7.79
- -
-1.53
6.9
6.1
- -
- -
- -
9.76
- -
5.59
5.25
- -
- -
- -
Return on Invested Capital (%)
12.59
6.34
7.87
- -
-0.67
6.94
6.04
- -
- -
- -
8.39
- -
4.62
10.26
- -
- -
- -
Return on Capital (%)
17.74
8.32
12.5
18.67
-0.42
11.51
10.49
18.62
-28.71
-1.3
16.18
-5.44
8.49
17.36
25.77
-2.21
-6.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
13
13
LT Borrowings
346
360
360
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
279
232
253

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
526
522
532
Cash, Cash Equivalents & STI
31
36
95
Accounts Receivable, Net
155
163
151
Inventories
282
270
261
Total Current Liabilities
216
200
232
Payables & Accruals
170
158
193
ST Debt
13
13
13
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.87%
10.25%
-3.42%
Free Cash Flow
-21.83%
-15.83%
38.59%
Net Income, GAAP
-202.9%
-58.65%
-109.48%
Sales/Revenue/Turnover
-0.18%
-1.69%
12.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
259
344
393
387
1,384
2025
378
392
399
386
1,555
2026
360
375
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.04
-1.55
0.35
11.91
11.7
2025
-0.38
0.17
-3.3
2.39
-1.15
2026
-0.8
-1.33
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Clearwater Paper Corporation is a premier independent supplier of bleached paperboard packaging products to North American converters. The company manufactures and sells high-quality paperboard products, including folding cartons, multi-ply paperboard, bleached paperboard, and specialty paperboard used primarily for consumer goods and food service packaging. Operations are concentrated in North America, with core facilities including the recently acquired Augusta, Georgia paperboard manufacturing plant, which increased Clearwater’s paperboard capacity by nearly 75%. Founded in 1954 and headquartered in Spokane, Washington, Clearwater Paper formerly operated in both the tissue and paperboard segments. In a major strategic transformation completed in 2024-2025, Clearwater Paper exited the tissue business by selling that division to Sofidel America Corporation for $1.06 billion in November 2024, signaling a decisive shift to focus exclusively on paperboard packaging solutions. This divestiture alongside the acquisition of the Augusta mill has significantly expanded its footprint and production scale in the paperboard sector. The company continues to invest in sustainable packaging innovations such as poly-free coatings and lighter-weight folding cartons expected to launch in early 2026. To improve operational efficiency and address margin pressures, Clearwater implemented a workforce reduction of over 10% and is targeting $30-40 million in annual cost savings in 2025. Through these moves, Clearwater aims to solidify its position as one of North America’s top three independent paperboard suppliers and capitalize on growing demand for sustainable packaging alternatives. Clearwater’s product portfolio primarily serves converters who manufacture packaging for food, beverage, pharmaceutical, and retail consumer markets. Its offerings include solid bleached sulfate (SBS) paperboard, multi-ply paperboard, and specialty grades tailored for sustainable packaging needs. The company emphasizes operational execution improvement, supply chain optimization, and cost structure enhancement to navigate current industry challenges marked by supply exceeding demand in the paperboard sector. Clearwater intends to continue evaluating acquisition opportunities to expand its recycled paperboard offerings to complement its solid bleached sulfate product line. Overall, Clearwater Paper is repositioned as a dedicated paperboard packaging supplier with a strategic focus on innovation, sustainability, and market growth in North America. This corporate repositioning aligns with Clearwater’s long-term outlook for recovery and growth in paperboard packaging, supported by improved volume growth, operational synergies from new assets, and a balanced approach to capital allocation post divestiture. The company reported $1.4 billion in net sales from continuing operations in 2024, with total operations net sales of $2.2 billion including the former tissue segment. Significant changes in 2024 and 2025 have set the stage for Clearwater Paper to capture market opportunities as consumer preferences increasingly favor sustainable packaging solutions. The company employs approximately 1,950 people following its workforce adjustments and continues operations headquartered in Spokane, Washington.

Company News

  • Clearwater Paper Refinances Debt and Secures New Credit Facility

  • 52,997 Shares in Clearwater Paper Corporation $CLW Acquired by Bank of New York Mellon Corp

  • Clearwater Paper: Pricing, Supply Tightening And Lower Net Debt Support The Recovery Case

  • Clearwater Paper Releases 2026 Sustainability Report Highlighting Progress and Achievements

  • 1,262,006 Shares in Clearwater Paper Corporation $CLW Bought by BlackRock Inc.

  • 3 Paper and Related Products Stocks to Watch Amid Industry Challenges

  • Clearwater Paper Q2 Earnings Call Highlights

  • Clearwater Paper Corporation (CLW) Q2 2026 Earnings Call Transcript

  • Clearwater Paper Reports Second Quarter 2026 Results

  • Clearwater Paper Launches Circa™ Recycled Paperboard in Collaboration with Greenpaper for U.S. Market

  • Clearwater Paper Announces Availability and Timing of Second Quarter 2026 Earnings Conference Call and Webcast

  • Clearwater Paper: Asset Value Provides Downside Protection Despite Near-Term Earnings Headwinds

  • Clearwater Paper Announces Participation in Upcoming June 2026 Investor Conferences

  • Clearwater Paper: Utilization Recovery Is The Entire Bull Case

  • Clearwater Paper Corporation (CLW) Q1 2026 Earnings Call Transcript

  • Clearwater Paper Reports First Quarter 2026 Results

  • Clearwater Paper Announces Availability and Timing of First Quarter 2026 Earnings Conference Call and Webcast

  • Clearwater Paper Reduces SBS Production at its Arkansas Facility

  • Clearwater Paper Corporation $CLW Shares Bought by JPMorgan Chase & Co.

  • Clearwater Paper Launches Velora™ Lightweight Paperboard for Everyday Packaging