Clearwater Paper Corporation
NYSE:CLW · New York Stock Exchange
+$0.30 today
Vol 0.10M · Avg 0.20M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:CLW · Revenue to Net Income
Key Ratios
Analysis
$1.5B of revenue converted into -$25.1M of net income for the selected period. Gross margin is 5.0% and net margin is -1.6%, showing how much revenue survives after costs and taxes. EPS is $-1.54, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B +12.4% | $1.4B +21.8% | $1.1B -45.4% | $2.1B +17.3% | $1.8B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.4B +10.1% | $1.3B +39.8% | $935.3M -48.7% | $1.8B +14.7% | $1.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $115.6M +51.9% | $76.1M -62.1% | $200.7M -21.8% | $256.7M +40.6% | $182.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 7.4% +1.9pp | 5.5% -12.2pp | 17.7% +5.3pp | 12.3% +2.0pp | 10.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $99.8M -14.2% | $116.3M -3.3% | $120.3M +8.5% | $110.9M -2.7% | $114.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $103.4M -11.7% | $117.1M +396.2% | $23.6M -82.5% | $134.7M -21.0% | $170.6M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $92.4M +32.4% | $69.8M +71.5% | $40.7M -60.6% | $103.3M -1.6% | $105.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $48.8M +5522.2% | -$900.0K -100.8% | $117.8M -44.4% | $212.0M +102.9% | $104.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 3.1% +3.2pp | -0.1% -10.4pp | 10.4% +0.2pp | 10.2% +4.3pp | 5.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $12.2M +129.8% | -$41.0M -123.2% | $177.1M +45.2% | $122.0M +916.7% | $12.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 0.8% +3.7pp | -3.0% -18.6pp | 15.6% +9.7pp | 5.9% +5.2pp | 0.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.8M -37.9% | $2.9M +20.8% | $2.4M +140.0% | $1.0M +66.7% | $600.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $16.5M -48.6% | $32.1M +169.7% | $11.9M -66.6% | $35.6M -3.8% | $37.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$72.3M -20.3% | -$60.1M +46.1% | -$111.5M -128.0% | -$48.9M -2.5% | -$47.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$60.1M +40.6% | -$101.1M -254.1% | $65.6M -10.3% | $73.1M +304.8% | -$35.7M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -3.9% +3.4pp | -7.3% -13.1pp | 5.8% +2.3pp | 3.5% +5.5pp | -2.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$7.1M +73.8% | -$27.1M -260.4% | $16.9M -37.4% | $27.0M +450.6% | -$7.7M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$18.6M +83.2% | -$110.9M -203.0% | $107.7M +134.1% | $46.0M +263.7% | -$28.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | -1.2% +6.8pp | -8.0% -17.5pp | 9.5% +7.3pp | 2.2% +3.8pp | -1.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 -109.8% | $12 +83.1% | $6 +135.8% | $3 +262.3% | -$2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 -109.8% | $12 +85.7% | $6 +135.1% | $3 +260.5% | -$2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $16.2M -3.6% | $16.8M -0.5% | $16.9M -0.7% | $17.0M +1.3% | $16.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $16.2M -3.6% | $16.8M -1.8% | $17.1M -0.5% | $17.2M +2.5% | $16.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Hycroft Mining Holding Corporation
NASDAQ:HYMC
$2.34B
Olympic Steel, Inc.
ZEUS
$538.98M
Orion Engineered Carbons S.A.
NYSE:OEC
$434.76M
Vista Gold Corp.
AMEX:VGZ
$348.14M
U.S. Gold Corp.
NASDAQ:USAU
$260.55M
GoldMining Inc.
AMEX:GLDG
$200.86M
Platinum Group Metals Ltd.
AMEX:PLG
$183.26M
Mercer International Inc.
NASDAQ:MERC
$58.27M
Westwater Resources, Inc.
WWR
$46.70M
Blue Gold Limited
BGL
$14.65M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CLW generate?
Clearwater Paper Corporation (CLW) reported $1.56B of revenue in fiscal 2025.
Is CLW profitable?
Clearwater Paper Corporation (CLW) reported -$18,600,000.00 of net income, with a net margin of -1.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.