{ "ok": true, "cik": "1441236", "ticker": "CLW", "name": "CLEARWATER PAPER CORPORATION", "filings": [ { "form": "8-K", "filed": "2026-09-21", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000119312526396048/0001193125-26-396048-index.htm" }, { "form": "10-Q", "filed": "2026-07-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000162828026050159/0001628280-26-050159-index.htm" }, { "form": "8-K", "filed": "2026-07-28", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000162828026050153/0001628280-26-050153-index.htm" }, { "form": "8-K", "filed": "2026-05-12", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000144123626000028/0001441236-26-000028-index.htm" }, { "form": "10-Q", "filed": "2026-04-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000144123626000025/0001441236-26-000025-index.htm" }, { "form": "8-K", "filed": "2026-04-28", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1441236/000144123626000024/0001441236-26-000024-index.htm" } ], "events12m": 6, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001441236.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1441236" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up CLEARWATER PAPER CORPORATION ($CLW). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-21. 6 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 1555400000, "revenueGrowth1y": 0.12416883492338826, "revenueGrowthPerYear": -0.03215048355736849, "yearsOfData": 5, "operatingMargin": -0.02706699241352707, "operatingMarginPrior": -0.04661751951431049, "netMargin": -0.011958338691011958, "operatingCashFlow": 12300000, "capitalSpending": 88800000, "freeCashFlow": -76500000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 30700000, "longTermDebt": 346100000, "longTermDebtChange": 0.22643515237420275, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1772600000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1195000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1136000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 1383600000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 1555400000 } ], "totalEquity": 825300000, "totalAssets": 1588300000, "equityRatio": 0.5196121639488761, "returnOnEquity": -0.022537259178480554, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -1.15, "sharesOutstanding": 16169000, "bookValuePerShare": 51.042117632506645, "revenuePerShare": 96.19642525821016, "range80": { "low": 1370610665.3172464, "high": 2031357715.5908945, "baseline": 1723388237.5421178, "n": 4599, "band": "b1" }, "ifPaceHeld": { "low": 1370610665.3172464, "high": 2031357715.5908945 } }, "edgarette": "🔖 Exposure: revenue $1.6B (FY2025), total debt $346.1M. Experience: revenue up 12.4% on the year, down 3.2% a year over 4 years; operating margin -2.7%, up from -4.7%. Soundness: equity 52.0% of assets, return on equity -2.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.4B and $2.0B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (13 filers, $50M+ revenue, its industry group): operating margin -2.7% against a 0.3% median; growth 12.4% against 0.9%.", "peers": { "sic": 2631, "sicDescription": "Paperboard Mills", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "26", "growth": [ 0.0092, 16 ], "opMargin": [ 0.0028, 13 ], "equityRatio": [ 0.3049, 16 ], "returnOnEquity": [ 0.0154, 16 ], "payoutRatio": [ 0.5669, 8 ] }, "summary": "Clearwater Paper (CLW) grew revenue 12.4% in FY2025 to $1.6 billion, operating margin -2.7% against a 0.3% median for paperboard mills, equity 52.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
CLEARWATER PAPER CORPORATION against its own record and its peers
Operating marginPeer median 0.3%-2.7%Revenue, on the yearPeer median 0.9%12.4%Equity of assetsPeer median 30.5%52.0%Return on equityPeer median 1.5%-2.3%Gold tick: the median of 16–16 peers with $50M+ revenue in paperboard mills
", "chartHorizon": null, "backtest": { "tests": 13, "hits": 10, "rate": 0.7692307692307693, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-22T14:28:14.811Z", "hash": "61ce722a94741118", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Clearwater Paper (CLW) grew revenue 12.4% in FY2025 to $1.6 billion, operating margin -2.7% against a 0.3% median for paperboard mills, equity 52.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 1555400000, "totalDebt": 346100000, "cash": 30700000 }, "experience": { "revenueGrowth1y": 0.12416883492338826, "revenueGrowthPerYear": -0.03215048355736849, "operatingMargin": -0.02706699241352707, "operatingMarginPrior": -0.04661751951431049, "netMargin": -0.011958338691011958, "freeCashFlow": -76500000 }, "soundness": { "equityRatio": 0.5196121639488761, "returnOnEquity": -0.022537259178480554, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2631, "sicDescription": "Paperboard Mills", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "26", "growth": [ 0.0092, 16 ], "opMargin": [ 0.0028, 13 ], "equityRatio": [ 0.3049, 16 ], "returnOnEquity": [ 0.0154, 16 ], "payoutRatio": [ 0.5669, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 1370610665.3172464, "high": 2031357715.5908945, "baseline": 1723388237.5421178, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4599, "sizeBand": "b1" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 10, "rate": 0.7692307692307693, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-22T14:28:14.811Z", "hash": "61ce722a94741118", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001441236.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1441236" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }