Clearwater Paper Corp (CLW)
Clearwater Paper Corp brought in $1.5B of revenue over the twelve months to September 30, 2026, down 3.2% from a year earlier. Net income was $2.4M, a net margin of 0.2%. In fiscal 2025 capital spending exceeded operating cash flow by $76.5M. At September 30, 2026 it held $35.7M in cash against $274M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 26, 2026.
Key facts about Clearwater Paper Corp
- Net worth
- Clearwater Paper Corp has a market value (market cap) of $224M at the latest share price, and shareholders' equity of $794.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.6B (+12.4% year on year), with a net loss of $18.6M. Over the 12 months to September 30, 2026: revenue $1.5B, net income $2.4M.
- Cash flow
- In fiscal 2025 operations brought in $12.3M of cash; after $88.8M of capital spending, free cash flow was -$76.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 26, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Clearwater Paper Corp's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Clearwater Paper Corp does
Clearwater Paper Corp is registered with the SEC under industry code SIC 2631 (Paperboard Mills). Its shares trade on NYSE under the ticker CLW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6B | -$18.6M | -$1.15 | -$76.5M |
| 2024 | $1.4B | $196.3M | $11.70 | -$55.2M |
| 2023 | $1.1B | $107.7M | $6.30 | $117M |
| 2022 | $1.2B | $46M | $2.68 | $116.7M |
| 2021 | $1.8B | -$28.1M | -$1.67 | $58M |
| 2020 | $1.9B | $77.1M | $4.61 | $207.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CLW ranks in Basic materials
Latest SEC filings
What Clearwater Paper Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 26, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 3.5% to $384.9M versus the same quarter last year; diluted EPS -$0.10 versus -$3.30.
- October 26, 2026
- September 21, 2026Material agreement8-KClearwater Paper refinanced its debt by securing a new credit facility and redeeming its 2028 senior notes.
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 4.3% to $374.8M versus the same quarter last year; diluted EPS -$1.33 versus $0.17.
- July 28, 2026
- July 14, 2026Passive stake changed SCHEDULE 13G/A
- June 25, 2026
- June 25, 2026
- May 19, 2026Form S-8 POS filing S-8 POS
Insider trades
What the people running Clearwater Paper Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 15, 2026 | Baker SherriSVP, CFO | Shares withheld for tax | 4,634 | $99.3K |
| July 1, 2026 | Rome Marc D.SVP, Gen. Counsel & Corp. Sec. | Shares withheld for tax | 226 | $3.5K |
| May 18, 2026 | Kitch Arsen S.President, CEO | Received as pay | 9,154 | - |
| May 18, 2026 | Kitch Arsen S.President, CEO | Received as pay | 9,154 | $135.8K |
| May 15, 2026 | Passarello Mathew DSr. V.P. | Shares withheld for tax | 179 | $2.5K |
| March 15, 2026 | Barckley Rebecca AnneVP, Controller | Shares withheld for tax | 159 | $2.1K |
| March 15, 2026 | Barckley Rebecca AnneVP, Controller | Shares withheld for tax | 141 | $1.8K |
| March 15, 2026 | Barckley Rebecca AnneVP, Controller | Shares withheld for tax | 123 | $1.6K |
Who owns CLW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Southeastern Asset Management, Inc.13G, passive with 2 related filers | 8.6% | February 13, 2026 |
| Dimensional Fund Advisors LP13G, passive | 6.6% | July 14, 2026 |
| Gate City Capital Management, LLC13G, passive with 1 related filers | 5.8% | August 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 134 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Southeastern Asset Management Inc | 1,539,556 | +14,065 |
| BlackRock, Inc. | 1,262,006 | +41,313 |
| Dimensional Fund Advisors LP | 1,062,406 | -223,296 |
| Gate City Capital Management, LLC | 938,496 | new |
| Readystate Asset Management LP | 781,384 | 0 |
| Vanguard Capital Management LLC | 694,944 | +14,554 |
| Jpmorgan Chase & Co | 453,652 | +155,103 |
| Aqr Capital Management LLC | 420,773 | +242,479 |
| Invenomic Capital Management LP | 420,419 | +116,269 |
| Geode Capital Management, LLC | 404,311 | +13,662 |
| Charles Schwab Investment Management Inc | 396,734 | -106,228 |
| State Street Corp | 352,774 | +11,460 |
| Ameriprise Financial Inc | 297,415 | +29,539 |
| Peapod Lane Capital LLC | 289,906 | +75,385 |
| Assenagon Asset Management S.A. | 288,784 | +174,771 |
| Trexquant Investment LP | 268,367 | +106,505 |
| UBS Group AG | 267,499 | +237,755 |
| D. E. Shaw & Co., Inc. | 263,935 | +41,003 |
| Jacobs Levy Equity Management, Inc | 261,856 | -19,192 |
| American Century Companies Inc | 208,986 | -9,174 |
Insiders
8 insiders reported holding 627,286 shares in total, about $8.7M at the last price.
| Holder | Shares |
|---|---|
| Kitch Arsen S.President, CEO | 403,029 |
| Bowden Steve MSr. V.P. | 80,307 |
| Baker SherriSVP, CFO | 40,847 |
| Passarello Mathew DSr. V.P. | 26,214 |
| Krajnik Sean M.Senior Vice President | 24,873 |
| Barckley Rebecca AnneVP, Controller | 20,223 |
| Rome Marc D.SVP, Gen. Counsel & Corp. Sec. | 18,874 |
| Aulin Virginia L.Senior Vice President | 12,919 |
Questions about CLW
What does Clearwater Paper Corp do?
Clearwater Paper Corp is a company in the Basic materials sector, listed on NYSE as CLW. Its shares trade on NYSE under the ticker CLW.
What is Clearwater Paper Corp's net worth?
Clearwater Paper Corp has a market value (market cap) of $224M at the latest share price, and shareholders' equity of $794.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Clearwater Paper Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $2.4M on revenue of $1.5B, a net margin of 0.2%.
How much revenue does Clearwater Paper Corp make?
Over the twelve months to September 30, 2026 Clearwater Paper Corp reported revenue of $1.5B. That is 3.2% less than a year earlier.
When did Clearwater Paper Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 26, 2026. It covers the period to September 30, 2026.
When is Clearwater Paper Corp's next earnings report?
Clearwater Paper Corp's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Clearwater Paper Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.