Clearwater Paper Corporation
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
CLW · Price history
Price at last available close
$13.69
−$6.20 (-31.17%) 1M
2026-10-27
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Company & revenue
About Clearwater Paper Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Clearwater Paper Corporation is an enterprise engaged in the manufacturing and supply of bleached paperboards, alongside various tissue products for consumers and parent roll applications, serving both the United States and international markets. Its operations are structured into two distinct divisions: Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment delivers a diverse portfolio of items, including folding cartons, liquid packaging, cups, plates, materials for blister and carded packaging, top sheet and commercial printing papers, and softwood pulp.
How they make money
Clearwater Paper Corporation operates as a manufacturer and supplier of Solid Bleached Sulfate (SBS) paperboard. The company generates revenue by selling these paperboard products to independent converters in North America, who then process the materials into various packaging solutions for food, beverage, and commercial applications.
Products & services
Solid Bleached Sulfate (SBS) paperboard for folding cartons, food service (liquid packaging, cups, plates), and commercial printing, as well as custom sheeting and slitting services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Customer types
- Independent packaging convertersSource
Customer concentration
The company reports a concentrated customer base, with its top 10 customers accounting for 46% of total sales in 2025.
Suppliers, materials & equipment
- Wood fiber suppliers — The company relies on various third-party suppliers for wood fiber, which is the primary raw material for its paperboard production.Source
Competitors
- Graphic Packaging International, LLC — A major producer of paperboard packaging that competes in the North American market.Source
Strengths
- Leading market position as one of the five largest producers of paperboard in North AmericaSource
Company-specific research
Questions worth answering for CLW
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving CLW's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can CLW fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is CLW's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for CLW to reach sustainable profitability?
- •What future growth or profitability would be needed to justify CLW's current valuation?
Essential Investment Snapshot
Market Cap
$220.8M
P/E Ratio
-6.3
EPS
$-3.04
52-Week High
$23.59
52-Week Low
$11.73
Beta
0.22
Analyst Target
$20.00
Shares Outstanding
16.2M
Total Debt
$361.1M
Dividend
No current dividend
Liquidation Value / Share
$49.11
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CLW
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.7x). Earnings may be strained to cover interest expense.
M&A headline · Sep 12, 2026
52,997 Shares in Clearwater Paper Corporation $CLW Acquired by Bank of New York Mellon Corp — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on CLW.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Leading market position as one of the five largest producers of paperboard in North America.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Paper, Lumber & Forest Products industry.
- −High customer concentration and reliance on a limited group of major customers.
- −Increased price competition and market demand volatility in the paperboard business.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$13.69
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.56B | $1.38B | $1.14B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.50B | $1.44B | $1.31B | $935.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $24.7M | $115.6M | $76.1M | $200.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $85.3M | $99.8M | $116.3M | $120.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $77.5M | $103.4M | $117.1M | $23.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $10.6M | $48.8M | -$900K | $117.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$52.8M | $12.2M | -$41.0M | $177.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $19.4M | $16.5M | $32.1M | $11.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$104.5M | -$60.1M | -$101.1M | $65.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$19.6M | -$7.1M | -$27.1M | $16.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$49.3M | -$18.6M | -$110.9M | $107.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.04 | $-1.15 | $-6.61 | $6.39 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 16.13M | 16.17M | 16.78M | 16.86M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 16.13M | 16.17M | 16.78M | 17.09M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$374.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$1.33
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+5.9%
Cash Change
+104.3%
Margin Change
-6.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included revenue growth, EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 4.3%. EPS declined 882.4%. Cash increased 104.3%. Total debt increased 5.9%. Net income margin declined by 6.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
44
Smart Money
44
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
7 historical recordsHistorical Score Chart
3 of 7 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · CLW
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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