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Companies / Materials / Clearwater Paper Corp
CLW

Clearwater Paper Corp

MaterialsPaper & Packaging
Ticker CLWSPOKANE, WAFiscal year ends DecemberBook value per share $49.31Diluted shares 16.1M

Clearwater Paper Corporation (NYSE: CLW) manufactures and supplies solid bleached sulfate (SBS) paperboard for packaging applications, serving independent converters primarily in North America. Its paperboard is used in folding cartons for pharmaceuticals, cosmetics and other retail goods, as well as food-service… From the company’s description.

Over the twelve months to Sep 30, 2026, Clearwater Paper Corp reported revenue of $1.51B, down 3.2% from a year earlier, and net income of $2.40M. Its operating margin was −1.6%, and operations generated $105.10M in cash. In fiscal 2025, it reported revenue of $1.56B, up 12.4% from fiscal 2024, and a net loss of $18.60M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.56BFY2025
+12.4% year over year
Last 12 mo $1.51B
-2.71%FY2025
+2 percentage points
Last 12 mo -1.61%
$-18.60MFY2025
−109.5% year over year
Last 12 mo $2.40M
4.25%FY2025
−18.7 percentage points
Last 12 mo 0.30%
Cash & financing
$12.30MFY2025
−80.0% year over year
Last 12 mo $105.10M
$-76.50MFY2025
−38.6% year over year
Last 12 mo $56.80M
0.42FY2025
Was 0.33× a year earlier
Last 12 mo 0.71
16.2MFY2025
−3.6% year over year
Last 12 mo 16.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Clearwater Paper Corp does

In the company’s own words

Clearwater Paper Corporation (NYSE: CLW) manufactures and supplies solid bleached sulfate (SBS) paperboard for packaging applications, serving independent converters primarily in North America. Its paperboard is used in folding cartons for pharmaceuticals, cosmetics and other retail goods, as well as food-service packaging such as liquid cartons, cups and plates; it also sells small quantities of pulp. The company sells most paperboard to packaging converters and provides custom sheeting and slitting, while generally leaving conversion and printing of finished products to its customers. Following its 2024 sale of its private-label tissue business, paperboard packaging is its sole business focus. In May 2024, Clearwater acquired a paperboard manufacturing facility and associated business in Augusta, Georgia. Its manufacturing facilities and other assets are located in the continental United States. As of December 31, 2025, the company had approximately 1,900 employees. Its website is www.clearwaterpaper.com.

Company details
Sector
Materials
Industry (SIC)
Paper & Packaging
Headquarters
SPOKANE, WA
Fiscal year end
December
CIK
1441236
SIC
2631

Financial performance, year by year

Fiscal 2011–2025 · USD
$-366.42M$301.55M$969.52M$1.64B$2.31B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Clearwater Paper Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

154
funds hold it
0 of 35
superinvestors hold it
$98.12M
held by funds, at market
40.1%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Clearwater Paper Corp’s weight in each

Longleaf Partners Small Cap Fund
LLSCX · Longleaf Partners Funds Trust
3.74%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Schwab Fundamental U.S. Small Company ETF
FNDA · SCHWAB STRATEGIC TRUST
—of fund net assets
Invenomic Fund
BIVIX · NORTHERN LIGHTS FUND TRUST II
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Clearwater Paper Corp’s bonds, as funds hold them

Funds report holding 1 issues of Clearwater Paper Corp’s debt, $52.08M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.75%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Clearwater Paper Corp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Clearwater Paper Corp's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Clearwater Paper Corp's last four quarterly filings that the numbers alone won't show?”
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