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Clearwater Paper (CLW) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 26, 2026 · Clearwater Paper (CLW) Q3 2026 earnings results →
Q3 2026 Revenue down 4% year over year to $385M · 0¢ of every $1 of revenue lost · operating margin 0.6%
Clearwater Paper made $385M in Q3 2026 (-4% Y/Y): Foodservice $163M, Folding Carton $144M, Other $40.7M. Operating margin 0.6%, net loss $1.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 26, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $384.9M in Q3 2026, down 4% year over year and up 3% from the previous quarter. Foodservice was the largest line at 42% of revenue. Foodservice lost $19.4M year over year (down 11%), 138% of the total change.
Operating profit was $2.5M, a 0.6% margin (up 14.5 points year over year). Total costs fell 16% while revenue fell 4%. The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $21.5M loss. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was $30.6M (down 10% year over year). Non-cash charges added back $23.3M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $14.7M left free cash flow of $15.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 26, 2026 | $385M | -4% | 0.6% | −$1.6M | $30.6M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $375M | -4% | -6.4% | −$21.5M | $69.0M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $360M | -5% | -2.9% | −$12.8M | $500K |
| Q4 2025 | 10-K | Feb 18, 2026 | $386M | -0.2% | 1.9% | $38.3M | $5.0M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $399M | +1% | -13.9% | −$53.3M | $34.0M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $392M | +14% | 2.5% | $2.7M | −$28.2M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $378M | +46% | -1.1% | −$6.3M | $1.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Clearwater Paper
Clearwater Paper is a premier independent supplier of paperboard packaging products to North American converters. Headquartered in Spokane, Wash., our team produces high-quality paperboard that provides sustainable packaging solutions for consumer goods and food service applications. For additional information, please visit our website at www.clearwaterpaper.com.
In its own words, from its 8-K, filed Jul 28, 2026.
Source: Clearwater Paper 10-Q on SEC EDGAR · CIK 1441236 · Paperboard Mills
Guidance and outlook
13F: who owns CLW and who is buying
More on CLW
- How Clearwater Paper makes money: revenue by segment
- Clearwater Paper stock forecast, price target and fair value
- Who owns Clearwater Paper stock: holders, funds and Congress trades
- Clearwater Paper guidance and outlook
- Is Clearwater Paper a takeover target? LBO and rumors
- Clearwater Paper recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results