A Business at a Glance
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Clearwater Paper Corp
CLW
$272M
Mkt Cap
$16.82
+2.56%
Clearwater Paper Corp (CLW) has a 5-year average return on invested capital (ROIC) of 5.5%. This is below average and may indicate limited pricing power.
Clearwater Paper Corp (CLW) has a market capitalization of $279M. It is classified as a small-cap stock.
Clearwater Paper Corp (CLW) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.26%.
Clearwater Paper Corp (CLW) operates in the Paperboard Mills industry, within the Materials sector.
Clearwater Paper Corp (CLW) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Clearwater Paper Corp (CLW) has a net profit margin of -1.2%. The company is currently unprofitable.
Clearwater Paper Corp (CLW) generated $-77 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Clearwater Paper is recognized as a leading manufacturer and supplier of Solid Bleached Sulfate (SBS) paperboard packaging products, serving independent converters throughout North America. We participate in the North American paperboard market, which encompasses approximately 10 million tons and is divided into three principal substrates, each offering a diverse array of applications. SBS constitutes nearly fifty percent of the market, while Coated Unbleached Kraft (CUK) and Coated Recycled Board (CRB) comprise the remaining substrates. The paperboard products produced are inherently sustainable, aligning with prevailing trends that favor renewable and recyclable materials. We believe we are strategically positioned to benefit from the increasing emphasis on sustainability within the industry. We produce paperboard that is then converted and printed by independent converters and primarily used in folding carton and food service applications.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.6B | 1.4B | 1.1B | 1.2B | 1.8B |
| Net Income | -25M | -19M | 196M | 108M | 46M | -28M |
| EPS | $-1.51 | $-1.15 | $11.70 | $6.30 | $2.68 | $-1.67 |
| Free Cash Flow | -54M | -77M | -55M | 117M | 117M | 58M |
| ROIC | -3.1% | -1.6% | 17.5% | 5.5% | 5.4% | 1.0% |
| Gross Margin | - | 7.4% | 5.5% | 17.7% | 17.8% | 10.3% |
| Debt/Equity | 0.55 | 0.55 | 0.69 | 1.11 | 1.07 | 1.36 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -49M | -42M | -65M | 78M | 99M | 12M |
| Operating Margin | -3.2% | -2.7% | -4.7% | 6.9% | 8.3% | 0.7% |
| ROE | -3.1% | -2.2% | 25.8% | 17.4% | 8.5% | -5.4% |
| Shares Outstanding | 17M | 16M | 17M | 17M | 17M | 17M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.0B | 1.8B | 1.7B | 1.7B | 1.7B | 1.8B | 1.9B | 1.8B | 1.2B | 1.1B | 1.4B | 1.6B | 1.5B |
| Gross Margin | 13.1% | 13.7% | 13.9% | 12.1% | 10.9% | 9.3% | 15.7% | 10.3% | 17.8% | 17.7% | 5.5% | 7.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 130M | 116M | 128M | 121M | 108M | 113M | 122M | 113M | 110M | 119M | 117M | 101M | 93M |
| EBIT | 80M | 124M | 115M | 71M | -98M | 45M | 158M | 12M | 99M | 78M | -65M | -42M | -49M |
| Op. Margin | 4.1% | 7.1% | 6.6% | 4.1% | -5.7% | 2.6% | 8.5% | 0.7% | 8.3% | 6.9% | -4.7% | -2.7% | -3.2% |
| Net Income | -2.3M | 56M | 50M | 97M | -144M | -5.6M | 77M | -28M | 46M | 108M | 196M | -19M | -25M |
| Net Margin | -0.1% | 3.2% | 2.9% | 5.6% | -8.3% | -0.3% | 4.1% | -1.6% | 3.8% | 9.5% | 14.2% | -1.2% | -1.6% |
| Non-Recurring | 7.3M | -1.5M | -1.4M | -4.1M | 194M | 2.9M | 4.8M | -27M | -3.0M | -300K | -1.9M | 56M | 2.9M |
| Returns on Capital | |||||||||||||
| ROIC | 4.5% | 7.4% | 4.2% | 3.7% | -12.7% | 2.4% | 7.7% | 1.0% | 5.4% | 5.5% | 17.5% | -1.6% | -3.1% |
| ROE | -0.4% | 11.5% | 10.5% | 18.6% | -28.7% | -1.3% | 16.2% | -5.4% | 8.5% | 17.4% | 25.8% | -2.2% | -3.1% |
| ROA | -0.1% | 3.6% | 3.1% | 5.6% | -8.0% | -0.3% | 4.2% | -1.6% | 2.7% | 6.4% | 11.7% | -1.1% | -1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 139M | 160M | 173M | 179M | 169M | 56M | 247M | 96M | 150M | 191M | 61M | 12M | 11M |
| Free Cash Flow | 46M | 31M | 17M | -21M | -127M | -85M | 207M | 58M | 117M | 117M | -55M | -77M | -54M |
| Owner Earnings | 36M | 70M | 69M | 70M | 64M | -64M | 126M | -18M | 34M | 82M | -44M | -84M | -86M |
| CapEx | 93M | 129M | 155M | 200M | 296M | 140M | 40M | 38M | 34M | 74M | 117M | 89M | 65M |
| Maint. CapEx | 90M | 85M | 91M | 105M | 102M | 116M | 111M | 105M | 103M | 99M | 100M | 92M | 94M |
| Growth CapEx | 2.9M | 44M | 64M | 95M | 194M | 25M | 0 | 0 | 0 | 0 | 17M | 0 | 0 |
| D&A | 90M | 85M | 91M | 105M | 102M | 116M | 111M | 105M | 103M | 99M | 100M | 92M | 94M |
| CapEx/OCF | 66.9% | 80.7% | 89.9% | 111.8% | 175.1% | 252.0% | 16.0% | 39.8% | 22.3% | 38.6% | 189.9% | 722.0% | 577.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 100M | 100M | 65M | 4.9M | 0 | 0 | 0 | 0 | 5.0M | 18M | 10M | 17M | 6.3M |
| Buyback Yield | 6.9% | 11.3% | 5.8% | 0.6% | N/A | N/A | N/A | N/A | 0.8% | 2.9% | 2.0% | 5.9% | 2.3% |
| Stock-Based Comp | 13M | 4.6M | 12M | 3.6M | 3.3M | 4.1M | 11M | 9.1M | 13M | 9.9M | 5.6M | 3.8M | 3.4M |
| Debt Repayment | 375M | 0 | 0 | 0 | 0 | 103M | 449M | 81M | 81M | 326M | 931M | 19M | 19M |
| Balance Sheet | |||||||||||||
| Net Debt | 491M | 563M | 1.8B | 1.0B | 1.4B | 1.5B | 845M | 673M | 560M | 701M | 512M | 427M | 407M |
| Cash & Equiv. | 27M | 5.6M | 23M | 16M | 23M | 20M | 36M | 25M | 54M | 42M | 80M | 31M | 37M |
| Long-Term Debt | 568M | 569M | 570M | 571M | 693M | 885M | 716M | 638M | 565M | 440M | 282M | 346M | 361M |
| Debt/Equity | 1.14 | 1.20 | 3.92 | 1.78 | 3.39 | 3.54 | 1.69 | 1.36 | 1.07 | 1.11 | 0.69 | 0.55 | 0.55 |
| Interest Coverage | 2.3 | 4.4 | 4.3 | 2.5 | -2.5 | 0.9 | 3.6 | 0.3 | 8.5 | 6.6 | -2.0 | -2.4 | -2.4 |
| Equity | 498M | 475M | 470M | 575M | 426M | 432M | 521M | 512M | 572M | 669M | 855M | 825M | 814M |
| Total Assets | 1.6B | 1.5B | 1.7B | 1.8B | 1.8B | 1.9B | 1.8B | 1.7B | 1.7B | 1.7B | 1.7B | 1.6B | 1.6B |
| Total Liabilities | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.4B | 1.3B | 1.2B | 1.1B | 1.0B | 825M | 763M | 756M |
| Intangibles | 25M | 20M | 40M | 33M | 24M | 0 | 14M | 11M | 8.6M | 6.4M | 4.3M | 2.1M | 2.1M |
| Retained Earnings | 464M | 520M | 570M | 618M | 487M | 482M | 559M | 531M | 577M | 685M | 881M | 862M | 849M |
| Working Capital | 302M | 199M | 80M | 34M | -5.3M | 185M | 230M | 233M | 274M | 278M | 225M | 310M | 322M |
| Current Assets | 526M | 427M | 446M | 453M | 444M | 466M | 475M | 487M | 586M | 564M | 545M | 526M | 522M |
| Current Liabilities | 224M | 228M | 367M | 419M | 449M | 280M | 245M | 254M | 312M | 286M | 320M | 216M | 200M |
| Per Share Data | |||||||||||||
| EPS | -0.11 | 2.97 | 2.90 | 5.88 | -8.72 | -0.34 | 4.61 | -1.67 | 2.68 | 6.30 | 11.70 | -1.15 | -1.51 |
| Owner EPS | 1.72 | 3.73 | 4.05 | 4.24 | 3.86 | -3.89 | 7.50 | -1.05 | 1.99 | 4.81 | -2.62 | -5.19 | -5.18 |
| Book Value | 23.64 | 25.19 | 27.50 | 34.77 | 25.86 | 26.23 | 31.16 | 30.41 | 33.33 | 39.12 | 50.94 | 51.03 | 49.12 |
| Cash Flow/Share | 6.61 | 8.47 | 10.11 | 10.80 | 10.24 | 3.38 | 14.77 | 5.73 | 8.75 | 11.16 | 3.66 | 0.76 | 4.15 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 21.0M | 18.8M | 17.1M | 16.5M | 16.5M | 16.5M | 16.7M | 16.8M | 17.2M | 17.1M | 16.8M | 16.2M | 16.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 15.8 | 22.8 | 7.9 | N/A | N/A | 8.1 | N/A | 14.0 | 5.7 | 2.6 | N/A | -11.1 |
| P/FCF | 31.6 | 28.8 | 65.0 | N/A | N/A | N/A | 3.0 | 10.6 | 5.5 | 5.3 | N/A | N/A | N/A |
| EV/EBIT | 24.4 | 11.7 | 25.7 | 24.9 | N/A | 39.3 | 9.0 | 102.5 | 11.6 | 16.5 | N/A | N/A | N/A |
| Price/Book | 2.9 | 1.9 | 2.4 | 1.3 | 1.0 | 0.8 | 1.2 | 1.2 | 1.1 | 0.9 | 0.6 | 0.4 | 0.3 |
| Price/Sales | 0.7 | 0.6 | 0.6 | 0.5 | 0.3 | 0.2 | 0.3 | 0.3 | 0.5 | 0.5 | 0.5 | 0.3 | 0.2 |
| FCF Yield | 3.2% | 3.5% | 1.5% | -2.7% | -31.3% | -24.0% | 33.0% | 9.4% | 18.2% | 18.9% | -10.8% | -26.3% | -19.3% |
| Market Cap | 1.5B | 886M | 1.1B | 766M | 405M | 352M | 628M | 616M | 642M | 619M | 510M | 291M | 279M |
| Avg. Price | 63.59 | 57.66 | 56.26 | 50.11 | 30.77 | 21.29 | 31.17 | 35.68 | 35.38 | 34.79 | 37.54 | 24.42 | 16.82 |
| Year-End Price | 69.12 | 47.02 | 66.20 | 46.30 | 24.58 | 21.36 | 37.55 | 36.60 | 37.40 | 36.20 | 30.37 | 17.99 | 16.82 |
Clearwater Paper Corp passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 5.5% with a gross margin of 11.7%. Total shareholder yield (buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is -7.4%.
Clearwater Paper Corp (CLW) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
Clearwater Paper Corp (CLW) reported earnings per share (EPS) of $-1.15 in its most recent fiscal year.
Clearwater Paper Corp (CLW) has a return on equity (ROE) of -2.2%. A negative ROE may indicate losses or negative equity.
Clearwater Paper Corp (CLW) has a 5-year average gross margin of 11.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Clearwater Paper Corp (CLW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Clearwater Paper Corp (CLW) has a book value per share of $51.03, based on its most recent annual SEC filing.
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