Filing Flows › Clearwater Paper (CLW) › How it makes money
How Clearwater Paper (CLW) makes money
Clearwater Paper (CLW) made $385M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Foodservice brought in $163M (42%); Folding Carton brought in $144M (37%); Other brought in $40.7M (11%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Foodservice | $163M | 42.3% | -6% | -11% |
| Folding Carton | $144M | 37.3% | +8% | +0.3% |
| Other | $40.7M | 10.6% | +26% | +13% |
| Sheeting and Distribution | $38.0M | 9.9% | +2% | +0.3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $385M | 100.0% |
| Operating cash flow | $30.6M | 8.0% |
| Free cash flow | $15.9M | 4.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $385M | -4% |
| Q2 2026 | $375M | -4% |
| Q1 2026 | $360M | -5% |
| Q4 2025 | $386M | -0.2% |
| Q3 2025 | $399M | +1% |
| Q2 2025 | $392M | +14% |
| Q1 2025 | $378M | +46% |
From Clearwater Paper's 10-Q filed Oct 26, 2026 (on EDGAR).
Questions
How does Clearwater Paper make money?
Clearwater Paper (CLW) made $385M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Foodservice brought in $163M (42%); Folding Carton brought in $144M (37%); Other brought in $40.7M (11%).
What is Clearwater Paper's biggest business?
Foodservice: $163M in the third quarter 2026, 42% of revenue, -11% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.