Filing Flows › Clearwater Paper (CLW) › Q3 2026 › vs Q2 2026
Clearwater Paper (CLW) Q3 2026 vs Q2 2026 (quarter over quarter)
Clearwater Paper's revenue rose $10.1M (+3%) from $375M in Q2 2026 to $385M in Q3 2026. The biggest changes: Folding Carton +$11.0M (+8%); Foodservice −$10.4M (-6%); Other +$8.5M (+26%).
Clearwater Paper, Q3 2026: revenue $385M (-4% year over year), operating margin 0.6%, net loss $1.6M, operating cash flow $30.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 4.1% | 15.8% | -11.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Foodservice | $163M | $173M | −$10.4M | -6% |
| Folding Carton | $144M | $132M | $11.0M | +8% |
| Other | $40.7M | $32.2M | $8.5M | +26% |
| Sheeting and Distribution | $38.0M | $37.1M | $900K | +2% |
| Revenue | $385M | $375M | $10.1M | +3% |
| Income tax benefit | $2.9M | $8.6M | −$5.7M | -66% |
| Net loss | $1.6M | $21.5M | −$19.9M | -93% |
| Costs & expenses | $389M | $405M | −$15.5M | -4% |
| Operating costs | $382M | $399M | −$16.3M | -4% |
| Interest & other, net | $7.0M | $6.2M | $800K | +13% |
| Operating cash sources | $32.2M | $90.5M | −$58.3M | -64% |
| Depreciation & amortization | $23.3M | $23.2M | $100K | +0.4% |
| Share-based compensation | $2.6M | $1.7M | $900K | +53% |
| Working capital & other | $6.3M | $65.6M | −$59.3M | -90% |
| Net loss absorbed | $1.6M | $21.5M | −$19.9M | -93% |
| Operating cash flow | $30.6M | $69.0M | −$38.4M | -56% |
| Free cash flow (OCF − capex) | $15.9M | $59.4M | −$43.5M | -73% |
| Capital expenditures | $14.7M | $9.6M | $5.1M | +53% |
Questions
How much did Clearwater Paper's revenue grow quarter over quarter in Q3 2026?
Clearwater Paper's revenue rose $10.1M (+3%) from $375M in Q2 2026 to $385M in Q3 2026.
What drove Clearwater Paper's revenue change in Q3 2026?
Folding Carton +$11.0M (+8%); Foodservice −$10.4M (-6%); Other +$8.5M (+26%).