Clearwater Paper Corp (CLW) stock
CLWNYSEPaperboard MillsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 26, 2026Score 5/30142% above fair value
$14.56+0.59 (+4.22%)
Close on Nov 13, 2026Market cap $235.02MP/E 91.0Yield –
Clearwater Paper operating margin
Operating margin is operating income as a percentage of revenue.
Clearwater Paper's operating margin for the twelve months ending Sep 30, 2026 was -1.6%. For fiscal 2025 it was -2.7%, against -4.7% the year before. The highest annual figure on record is 8.5% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -2.7% | +2.0 |
| FY2024 | Dec 31, 2024 | -4.7% | −11.5 |
| FY2023 | Dec 31, 2023 | 6.9% | −1.4 |
| FY2022 | Dec 31, 2022 | 8.3% | +7.6 |
| FY2021 | Dec 31, 2021 | 0.7% | −7.8 |
| FY2020 | Dec 31, 2020 | 8.5% | +5.9 |
| FY2019 | Dec 31, 2019 | 2.6% | +8.3 |
| FY2018 | Dec 31, 2018 | -5.7% | −9.8 |
| FY2017 | Dec 31, 2017 | 4.1% | −2.5 |
| FY2016 | Dec 31, 2016 | 6.6% | −0.4 |
| FY2015 | Dec 31, 2015 | 7.1% | +3.0 |
| FY2014 | Dec 31, 2014 | 4.1% | −1.2 |
| FY2013 | Dec 31, 2013 | 5.3% | −2.5 |
| FY2012 | Dec 31, 2012 | 7.8% | +1.8 |
| FY2011 | Dec 31, 2011 | 6.0% | −1.2 |
| FY2010 | Dec 31, 2010 | 7.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 0.6% | +14.5 |
| Q2 FY2026 | Jun 30, 2026 | -6.4% | −8.9 |
| Q1 FY2026 | Mar 31, 2026 | -2.9% | −1.8 |
| Q4 FY2025 | Dec 31, 2025 | 1.9% | +6.0 |
| Q3 FY2025 | Sep 30, 2025 | -13.9% | −13.6 |
| Q2 FY2025 | Jun 30, 2025 | 2.5% | +16.1 |
| Q1 FY2025 | Mar 31, 2025 | -1.1% | −0.7 |
| Q4 FY2024 | Dec 31, 2024 | -4.0% | −4.9 |
| Q3 FY2024 | Sep 30, 2024 | -0.3% | −7.7 |
| Q2 FY2024 | Jun 30, 2024 | -13.6% | −29.9 |
| Q1 FY2024 | Mar 31, 2024 | -0.3% | −13.7 |
| Q4 FY2023 | Dec 31, 2023 | 0.9% | +3.6 |
| Q3 FY2023 | Sep 30, 2023 | 7.4% | −1.7 |
| Q2 FY2023 | Jun 30, 2023 | 16.2% | +10.3 |
| Q1 FY2023 | Mar 31, 2023 | 13.4% | +6.7 |
| Q4 FY2022 | Dec 31, 2022 | -2.7% | −8.3 |
| Q3 FY2022 | Sep 30, 2022 | 9.1% | +6.0 |
| Q2 FY2022 | Jun 30, 2022 | 6.0% | +19.9 |
| Q1 FY2022 | Mar 31, 2022 | 6.7% | +0.4 |
| Q4 FY2021 | Dec 31, 2021 | 5.6% | −3.6 |
| Q3 FY2021 | Sep 30, 2021 | 3.1% | −7.7 |
| Q2 FY2021 | Jun 30, 2021 | -13.9% | −24.0 |
| Q1 FY2021 | Mar 31, 2021 | 6.4% | +2.4 |
| Q4 FY2020 | Dec 31, 2020 | 9.3% | +5.1 |
| Q3 FY2020 | Sep 30, 2020 | 10.8% | +11.3 |
| Q2 FY2020 | Jun 30, 2020 | 10.0% | +6.6 |
| Q1 FY2020 | Mar 31, 2020 | 3.9% | +0.6 |
| Q4 FY2019 | Dec 31, 2019 | 4.2% | +44.9 |
| Q3 FY2019 | Sep 30, 2019 | -0.5% | −11.5 |
| Q2 FY2019 | Jun 30, 2019 | 3.4% | −0.9 |
| Q1 FY2019 | Mar 31, 2019 | 3.4% | +0.7 |
| Q4 FY2018 | Dec 31, 2018 | -40.8% | −46.8 |
| Q3 FY2018 | Sep 30, 2018 | 11.0% | +9.8 |
| Q2 FY2018 | Jun 30, 2018 | 4.3% | −0.2 |
| Q1 FY2018 | Mar 31, 2018 | 2.6% | −2.0 |
| Q4 FY2017 | Dec 31, 2017 | 6.0% | +0.4 |
| Q3 FY2017 | Sep 30, 2017 | 1.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 4.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 4.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 5.7% | – |
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